They document in detail every country everywhere around the world that has gone into default or gone into debasement because you're left with one of two And their summary is, Once you get your economy, your debt in your economy over 90%, it stays that way for more than three years, you're left with one of two outcomes. One is a default, which is devastating, or hyperinflation. You debase your currency, you run the printing press, and you just drive down the value of currency and destroy the living standards of all Americans. (1:06:22–1:06:32)
CLAIM
Asserts that economies with debt over 90% for more than three years face default or hyperinflation.
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