Tindale: “You can’t pay the debt. You haven’t got the fiscal discipline. So you inflate it away.”
@ctindale calls it Financial Repression 2.0: higher rates to suck capital in, then lock it, then inflate.
The tell is gold. Central banks are taking it home. $9.5T is rolling from ~1% into ~4.5%. He thinks the regime breaks inside 12 months.
Full interview on Financial Sense Newshour: