johnsobas on 28 April 2013
If you don't manipulate the interest rates, the market takes care of it. It's just so incredibly stupid that we have to even have to have this argument. If people believe you can pay it back they will borrow to you, if you don't think you can then they won't. If debt levels go up then interest rates go up, and if people borrow you when you can't afford it then those investors take the loss. That should be basic economics, but every country is the world is manipulating their interest rates and many countries have already found themselves in a debt trap with no way out. Just watch now as the real wealth gravitates from the west to the east.
currently playing: Skyward Sword, Mario Sunshine, Xenoblade Chronicles X
