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History is full of examples where nations resorted to taking on everincreasing amounts of debt to maintain a positive economic growth rate.

But it never works out well for those who do. Most often, they end up sacrificing the purchasing power of their currencies in the process.

Many analysts are now raising such concerns about the fast growing national, corporate and consumer debt pile in the US and other G7 nations.

Are we repeating the mistakes of history? Or is it truly different this time?

To discuss, we're fortunate to welcome monetary and macro analyst John Rubino, author and coauthor of numerous books including The Money Bubble with James Turk.

John sees concerns of a nearterm recession and bear market as valid, but fairly pedestrian. He’s much more worried about the next 12 decades, over which he predicts widespread hardship as the world’s fiat currencies get inflated away.

#debtcrisis #marketcorrection #recession
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