The inevitability of the diminishing marginal utility of debt

… and the reason we are hurtling towards a conflagration of global proportions.

I am a nobody and I can be dismissed as misinformed and sensationalist. So, I’ll let Kyle Bass do the talking.

Via Zero Hedge:

http://www.zerohedge.com/news/kyle-bass-explains-new-world-order

Reiterating how critical the psychology of today’s situation, Bass goes on to debunk the optimism of globalization (at least for the Western world), destroy the myth of a 50% greek writedown solution, Japanese xenophobia and savings losses, structural versus cyclical implications for US equity deterioration, US deficits and housing‘s bottom, global debt saturation and how this tearing at the social fabric of the world will lead to – war.

You can watch the video of the interview on ZH at the link above.

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