The David Lin Report Global Debt Bubble About To Trigger Financial Crisis Warns Former Central Banker | William White
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Nov 9, 2025 William White, former head of the monetary and economic department at the BIS and senior fellow at the C.D. Howe Institute, shares his sharp insights on looming financial crises. He discusses how easy money policies have skyrocketed public debt and warns about the de-dollarization trend as trust in the U.S. dollar wanes. White also elaborates on the potential for sovereign debt crises and inflation surges, while highlighting the challenges facing global trade and the future of technology in driving productivity.
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Debt Keeps Building Without Cleansing
- Debt and leverage have been steadily rising because crises are repeatedly prevented from liquidating debts.
- This accumulation amplifies vulnerabilities as private debt shifts to opaque nonbank lenders and concentrates risk.
Secular Forces Are Turning Inflationary
- Multiple secular forces now push inflation higher, reversing decades of disinflationary trends.
- Governments facing huge debts may prefer inflation as a politically expedient way to reduce real burdens.
Don’t Count On Growth To Solve Debt
- Avoid relying on fast growth as the primary fix for high government debt.
- Do not assume supply-side reforms or AI will reliably deliver growth fast enough to solve debt overhangs.
