AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
3min chapter
David Rubenstein | PBD Podcast | Ep. 217
PBD Podcast
What Happens When We Can't Make the Payments?
We have a higher percentage of debt to GDP than any country in the world, perhaps except maybe Italy. The interest rates are going up right now and what if we can't make the payments because to Japan or China, one of them we owe 1.1 trillion? How long is that sustainable though? There's only one way out of it. You inflate your way out of the economy. That's the only way out. And I don't think anybody has an easy way out. We're not going to default. If I had the solution, I would have done something about it."
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode