This new book The Financial System Limit explains why private sector debt matters far more than government debt. The author says:
“Total debt matters … the sum of government debt, corporate plus banking system debt and personal debt.”
“One way or another, capital values and future income streams from property will decline.”
“Informed professionals do not understand the debt trap that the world is in.”
“Managing the electoral cycle using economic tools no longer delivers results.”
All can be found in:
e-book 9781907230776, UK print edition 9781907230790, US print edition 9781907230769, paperback 9781907230783 available everywhere except UK/US, see links to stores. The UK print edition has a UK postscript as a bonus.