Governments will choose financial repression to reduce debt because austerity and default are politically unacceptable, high real growth is possible but unlikely, and hyperinflation is too socially and politically dangerous; asset prices will therefore follow a path similar to the 1945-mid-1970s period that was dreadful for savers.
forecastpending
Speaker
Russell NapierEvidence Quote
“it was a dreadful 30 years if you were a saver, not so much if you were somewhere else. So, I'm basing my forecast that the governments will not choose austerity, will not choose default”
Created: 6/18/2026, 1:59:14 PM
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