Debt/GDP ratios rising in Europe and the US may lead to financial repression akin to Japan’s.
The rising debt/GDP ratios in both Europe and the US suggest an impending era of financial repression, similar to what Japan has experienced. Axios notes that it would require substantial measures, equivalent to $2,400 per American per year, in either spending cuts or tax increases to stabilize the national debt. Meanwhile, gold is reaching new …
