Palisades Gold Radio · Saturday, September 5, 2026
Don Ledt posits that the current economic situation is a "debt bubble" that has been growing since the early 2000s and is following historical patterns. He cites Austrian economist Ludwig von Mises, stating that governments must either pay back debt or face a bubble burst, and that ignoring debt leads to "voodoo economics."
“I've been into gold and silver miners for only one reason, which is the debt bubble. It's like, at a certain point the debt bubble has to pop.”
“Von Mises basically said, if governments borrow more money to generate stimulus, that creates a bubble, and you either have to pay back that debt or the bubble will burst. And those are the only two outcomes.”
“When you live on debt, when you live on money expansion, that's dangerous. And eventually, it bites you.”