abbotts interview with laurie oaks on 9, page-171

  1. 1,348 Posts.
    What is the obsession with the GDP ratio.

    Japan's is almost 200%, and their interest rates are 0%!!

    The statement that government debt pushes up interest rates is a far fetched one at best.

    Look at Japan, U.S, England, etc..

    These countries and many more have higher debt levels than us yet interest rates are at historical lows!!!

    Debt is part & parcel with money. Its how money and prosperity is created in the first place.

    Without debt you have no money lol!!!
 
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