The Debt Spirale Is 100 % Certain

Graeme MacKinnon: The world had a chance to back peddle with all the financial kicking the can down the road they'd done through the three successive crises that i'd lived through. It would have been a very austere and painful process. And any politician that decided they were going to take that upon themselves to do that, would certainly be voted out of office the next term. So they decided not to do it. They try a little bit. And recall when the last taper tantrum was equity markets did exactly the same thing. They puked the fet took their foot off the brake. Then two thousand and 19 20. I guess whenever the cov crisis hit hard,