The Unsustainable Rise of National Debt

The discussion highlights the alarming rise of national debt, particularly in the U.S., where it has reached 35 trillion dollars and continues to grow at an unprecedented rate. The speakers emphasize that this debt is unlikely to be repaid in full and will most likely be settled with significantly devalued currency. They draw parallels with the UK's debt situation, suggesting that both countries, along with much of the Western world, are in precarious financial positions. The conversation suggests that investment in government debt is not advisable due to its inherent risks and the likelihood of financial instability ahead.