In this clip from today’s free webcast “The New Great Depression: Winners & Losers in a Post-Pandemic World,” bestselling author James Rickards discusses with Hedgeye CEO Keith McCullough the future of Modern Monetary Theory (MMT) and what it will spell for the U.S.
“We’re talking $6 trillion on top of the $2 trillion baseline budget deficit - $8 trillion of new debt in a $22 trillion economy,” Rickards foretells. “Our Debt-to-GDP ratio is already at 130%, and it’ll soon push 135%. Who’s in that league? Lebanon, Greece, and Italy – that’s the club the United States is now in.”
Click HERE for the full Interview.