Western economies are screwed

I think western economics are screwed.

Combined G20 public debt is US$9 trillion.

To fund this they either need to raise tax or cut public spending. In
addition, they will need to raise interest rates higher and attract
investment into their market.

At the same time, they also need to lower wage and other cost because their
societies has way much debt and very little savings.

If their peasant do not revolt over this, all will be fine.

If they do, their govt will be screwed.

Either way, their present economies is like a table on 3 legs, it can tilt
down so easily.


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