Worldwide Debt Spiral with James Lavish (WiM294)
The "What is Money?" Show
The Broken Incentives Lead to Self-Deception at Scale
We're starting to see cracks in the system from all this massive debt load. So you're seeing in Japan, they're just... They're printing and buying all their treasures. It's just insane. And then we saw it happen in the UK this past fall. The UK pensioners decided to turn to something called an LDI - a leveraged debt instrument. Derivatives aren't inherently bad. They can actually help you negate a lot of risk in your portfolio or in a position. For instance, I used derivatives for years, billions and billions of dollars of derivatives.
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