Yeah. That's a silent tax. It's how you spend 300 bucks at dinner and you're like I didn't even get drunk. How did that happen? That's the effect. An acute debt crisis would be where you have a bond market failure and like what happened in Greece, all of a sudden you can't sell your debt. So you either print the money, which sparks another round of 40, 50 year high inflation, devaluing the currency rapidly. You know, we're not necessarily immune to hyperinflation. (18:01–18:10)
CLAIM
Asserts that a bond market failure would lead to an acute debt crisis similar to Greece.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
