Now, even though the debt has gone up, because interest rates have gone down we've dropped to about 14% or 15% of revenue being spent, but it looks like it’s starting to turn. The new debt being added to the US government and the interest rate burden which is resulting from that is now starting to go into the power of compounding.
In other words the government looks like it’s probably at the stage where it needs to borrow just to start paying interest. When that happens you are in the early stages of hyperinflation. Maybe that’s what the stock market is telling us because when you do have hyperinflation, you see the stock market going up and up, not because of valuations, but because people are exiting the currency."
- James Turk via a King World News interview, read the full interview here: