Worldwide Debt Spiral with James Lavish (WiM294)
The "What is Money?" Show
The Effects of Debt Monetization on the Credit Debt Swap Strides
The idea of printing money out of thin air seems so blatantly absurd. What happens if a non US country defaults versus what happens if the US yells? If it's a true default, meaning they decide they're going to write down their debt and pay the, the investors less for the, the principal that they have on it. That's a real default. And we've seen that happen in Latin American countries that they're borrowing on the US dollar. They have to borrow in US dollar to nominate debt because they can't have their own currency dominated debt.
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