‘Big crash coming’ says Jimmy Dore, introducing his guest Paul Stone. They agree that the economy is being mismanaged, because interest rates are too high and the debt is ballooning. The problem is that everything depends on facts and interpretation, and about the only fact that is unchallengeable is that the public debt is soaring. Stone tells Dore that it is accelerating and he expects it to increase by a trillion dollars every fifty days by the end of this year. Who is going to buy it, and how will the government be able to continue servicing the interest?
Trashing the system
Trashing the system
Trashing the system
‘Big crash coming’ says Jimmy Dore, introducing his guest Paul Stone. They agree that the economy is being mismanaged, because interest rates are too high and the debt is ballooning. The problem is that everything depends on facts and interpretation, and about the only fact that is unchallengeable is that the public debt is soaring. Stone tells Dore that it is accelerating and he expects it to increase by a trillion dollars every fifty days by the end of this year. Who is going to buy it, and how will the government be able to continue servicing the interest?