Palihapitiya argues debt-to-GDP ratios don't matter if all major economies rise together since 1700 to potentially 300 percent.
“So if the entire world moves in unison like this, there is an argument to be made, which is that you could end up at 300, two fifty, 200% of debt to GDP.”
Palihapitiya predicts debt-to-GDP will reach 200 to 600 percent globally because governments are addicted to spending.
“But I think debt to GDP, quite honestly, if I had to be a betting man, will trend into the $2.03, $4.05, 600 on a relative basis for all countries because I just think the governments of these countries are addicted to spending, and there is no reason to stop, safe of some other planetary species invading planet Earth.”