The Financial System Limit

"""The author provides a historical view of how we reached the point where the level of global debt is unsustainable and now compounded by a global pandemic. The book is understandable by those without a deep financial background. ""Kauders, who has decades of experience as an investment manager makes the case for the difficult situation we, as global citizens, are confronted with."" - Librarything reviewer ""A very good book about the financial system. How debt works. How debt works and has worked for and against various countries at various times. Highly recommended!"" - Hal Perlman, USA ""The book pleas to measure interest cost on total debt in relation to economic output. A deep recession and consequential financial upset were inevitable in a world that could not resolve the conflict between stimulus and austerity, a world that remained addicted to debt, a world that refused to admit the limit to the growth of debt caused by the cost of servicing it. That's what David Kauders wants to highlight.""- Henk van der Klis, Netherlands ""This book by David Kauders provides some unique and interesting insights on macroeconomics and money in general. The topic of debt is such a complex and loaded topic but Kauders approaches it in an easy to understand manner (you don't have to have an economics background). This book is a not a light read or an easy read but its worth the read."" - Reviewer, Canada ""The book starts with a ""Definitions and Explanations"" section, which is helpful in clarifying some terms and concepts... ""One of the author's main points seems to be that credit can not be created forever, because there reaches a point at which the debt level of a society makes repayment of the debt impossible. Kauders discusses this and other ideas, including the economic strategies of governments to deal with the pandemic, the true cost of debt, and economic cycles cause by central banking policies. His ideas about modern monetary theory and pensions are interesting.""- Review posted on amazon.com ""Radical thinkers might have a point"" was how the Financial Times described David Kauders' first book The Greatest Crash: How contradictory policies are sinking the global economy. This new book offers further original thought."