cnbc anchor freaked out by fabers comments , page-14

seems to me that nearly everybody is in debt. For the whole world, if most countries are heavily in debt there must be some countries that are in surplus. If not, then the whole world is in debt and it must be paid......with real money.That can only be achieved by getting the budget in surplus. Even if countries like say Germany and Switzerland are in surplus, they will be drawn under with the rest because the rest cannot buy any goods from them.

A depression seems to be the answer. Paul Keating was right.
And the common man will bear the burden.