Wealthion · Thursday, July 2, 2026
Francis Hunt points to Chinese debt percentages being lower than those in the US, suggesting a greater semblance of trust in their financial system. He contrasts this with the US, which he implies has record levels of debt and issuance, leading to potential trust issues.
“Well, if you look at Chinese debt percentages, everyone will go, oh, they have to do it because they had a property bust. They did have a property bust. But you know what they don't have problems getting people to invest in? Their percentages are much lower. Uh, that means they still have some semblance of belief on faith.”
“The big crisis is actually trust. It's trust. It's trust in the system. And people that have been accumulating huge amounts, quite clearly vast amounts of gold, are going to get more trust than people who have been disaccumulating it and have record levels of debt and issuance, high rates, which imply further issuance, uh, to make rental payments.”