The Dollar Goes Up

When America got into its last major debt crisis, at the end of 2007, we were looking at a private sector debt service ratio and putting it to an half percent. But firms in China are just over 20 percent. Now, historically, that is exactly the level where you've had issues when interest rates have risen. We see a tight-man, not dramatic, that we see some move by the central bank of America and deadly silence in Japan, China, and Europe. And then people begin to realize that a financial repression is coming somewhere else before it comes to America. It may get to America, as long as it doesn't get up, America gets lots of capital. I think