Chris Whalen: We're One Bad Treasury Auction Away From Trouble

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Today's guest wrote the book "Inflated: How Money & Debt Built The American Dream"

In it, he wrote: "The first rule of any fiat system is no fiscal deficit"

Well, the US -- and virtually every other G7 country -- is breaking that rule six ways to Sunday given the unprecedented record levels of deficit spending currently underway.

Does that mean we're headed for trouble?

To find out, we'll ask the author himself, Chris Whalen, Chairman of Whalen Global Advisors LLC and expert on the banking, mortgage finance and fintech sectors.

#inflation #debt #bankingsystem

0:00-4:35 The Threat Of 'Too Much Debt'
4:36-7:24 Will Will Adopt A Smarter Course In Time?
7:25-9:37 The Eurodollar Market
9:38-25:09 Deficits & Inflation
25:10-29:08 Where Is Inflation Headed?
29:09-37:30 Banking System & Recession Risk?
37:31 Market Outlook