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The credit cycle turns (E1297)

Max and Stacy look at the ever rising amount of interest the US is paying on its massive pile of debt. Despite the 30-year decline in interest rates, the debt has been climbing almost exponentially faster with the latest budget deficit swelling by nearly a trillion dollars. Where does it end? Max interviews Alasdair Macleod of GoldMoney.com about the credit cycle turning and what this means for debtor nations like the US.

Check Keiser Report website for more: http://www.maxkeiser.com/

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