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Mr. Simon Field's avatar

Once your debt to GDP goes over 90% it’s game over - you cant recover Two economists Roghoff and some other chap. Forget his name. A great economist is LACY HUNT. TRACK HIM DOWN.

With low debt in the early days you borrow £1 and you get say….£1.40 of GDP or economic activity. Wow =. Borrow more.

After 90% you borrow £1.00 and you get 0.80 of gdp.

Thats because you are spunking cash on debt servicing which is dead money.

If you look at SHADOW STATS. THE REAL LEVEL OF CPI IS CLOSER TO 8% OR MORE

THE WAY THEY CALCULATE GDP IS GROWTH MINUS INFLATION

IF THEY WERE CLOSE TO TRUTHFUL, THE UK AND THE USA HAS BEEN IN A DEPRESSION SINCE AT LEAST 2008. All of these fantasies are priced into equities and when there is no more fairy dust …it will be MONUMENTAL.

Thats when we get rid of the coons and paki’s. We collapse out way out.

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