Nick Sorrentino AgainstCronyCapitalism.org - 26 December, 2012
Bass makes a whole series of insightful observations regarding the
global economy in the attached video, observations of the type one is
unlikely to hear expressed on CNBC . But he makes one particularly
chilling point. We have never seen peace time debt levels like this. In
the past when debt levels spiked, during and just before war, the losers
of the war got saddled with the debt. What happens now with much higher
levels of debt to GDP ratios than we’ve ever seen, when the world is
for the most part at peace?
War
07 May 2013 | 
Author: Professor