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.
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