Goldman Sachs Signals 98% Historical Risk of Default as Countries Reach 130% Debt-to-GDP Rati

Sharing is Caring!

In the last 120 years, when a country’s debt got really high, 98% of them ended up not being able to pay it back. Ken Griffin says the government can avoid this by printing more money, but it would mess up the economy really bad.

A simple solution could be for Congress to spend less, but that’s probably not going to happen. Brace for tough times ahead.

See also  Cryptos Soar After Largest Inflows In Two Years As US Dollar Purchasing Power DOWN -16.5% Since Covid (M2 Money UP 35.3%)

See also  Fed's Bank Bailout Program Borrowing Surges; 64 U.S. Bank Branches Close in a Week

Citadel’s Ken Griffin Warns the Current Fiscal Deficit Is Unsustainable, Inflation to Last Decades

Ken Griffin, Citadel’s founder, foresees a period of global unrest and structural shifts leading to de-globalization and persistently high inflation, potentially lasting decades. He argues this environment will exacerbate the cost of the U.S. deficit, already inflated by unchecked government spending. Griffin criticizes this spending as reckless and unsustainable, noting that despite a strong job market, there’s a pervasive unease among U.S. consumers. He cautions against the Federal Reserve’s potential strategy of printing money to forestall default, stating it would have catastrophic economic results, sending the economy into severe decline.

Views: 790

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.