3min chapter

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How to Survive in the New Economic & Financial Order | Russell Napier

Hidden Forces

CHAPTER

Is There a Political Choice?

A combination of financial repression and inflation as a way to reduce the relative debt burden on society. Default has been tried before, it tends to produce a crushing contraction in your economy. You can then use hyper inflation - technically 60 % inflation a month. That'll get rid of your debt burden pretty quickly. But as lord keens famously said, that is a random realication of wealth which not one man in a million can forecast. And it really is the roll of the dice socio politically. If you rule those, that leaves very high real growth as a solution, which is the one we would all dream of.

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