It is exactly what caused the destruction of Germany. I can walk you through country after country. The wealthiest country in it is now Zimbabwe. Zimbabwe followed exactly that path. And you know what I sometimes carry around with me? $100 trillion Zimbabwe note, which is worth about 50 cents. and if we don't change the course of entitlements, we will blow up our entire system. Greece, when they did their last restructuring, wiped out the pension value of 50, the pension value of all, all their pension value by 50%. (43:30–43:42)
CLAIM
Asserts Zimbabwe's economic collapse was due to policies similar to quantitative easing.
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