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Worldwide Debt Spiral with James Lavish (WiM294)
The "What is Money?" Show
The $500 Billion Gap
The stock market stopped going straight up. Earnings for companies are lower. They're paying higher interest rate and all this debt that's maturing, retiring, and then they're putting new debt on. And so we're going to have interest payments in the debt right now is up over $900 billion. So it doesn't add up. I'm estimating we'll have somewhere between two and $2.4 trillion of deficit this year.
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