simjojim
"The FACT is the western countries do NOT have the money to service their debts."
Let's test that in the case of the US:
US Federal net interest costs are currently a historic lows as a proportion of US GDP.
I suspect that the US does have the money to service their debts and significantly reduce the debt, if they choose to harvest appropriate share of that GDP in taxation.
Jim Sinclair is a tool!
Cheers
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