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worn down
Heresy Financial
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Comments by "worn down" (@worndown8280) on "The 700 Year Fall in Interest Rates Explained" video.
This makes sense when you dont take debt burden into account. Which is the problem with the modern world. Our debt is insane, historically speaking. Most of the debt exists not because it made economic sense but it was politically needed. All that is coming to an end. As populations around the world have aged and soon to shrink the debt burden per individual increases. As this rises so does risk of default on any new debt issued. So interest rates will have to rise until people in developed nations decided to have babies.
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