Billionaire Barry Sternlicht: Government debt is leading to the Weimar Republic
1 year ago
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Billionaire Barry Sternlicht: 'This year, the government will have to pay 4.5% interest on its debt (as opposed to 0.1%-2%), that means an interest expense of over $1 trillion! If it keeps going up, you have the Weimar Republic... who's going to buy our paper?'
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