Tuesday, June 30, 2015

Its crazy to think debt can be solved by creating more debt

We have had economic slowdowns every 4 to 7 years since the beginning of the Republic. We’re overdue for another problem. When this artificial sea of liquidity ends, we’re going to pay a terrible price.

This is the 1st time in recorded history that all the major world’s central banks are printing staggering amounts of money.

Now the world has this huge artificial ocean of liquidity. The people getting the money are having a wonderful time. But when it ends, it will be very nasty. The idea that the solution to too much debt is more debt is mind-boggling.


Jim Rogers

Warren Buffett

Nouriel Roubini