Axel Merk believes the U.S. will likely try to pay down its debt simply by printing more money and hoping for economic growth.

Axel Merk discusses whether the world is broke with FoxBusiness.

Our willingness to engage in risks drives our prosperity. We urgently need a public debate on risk, one driven by reason, not emotion. Without risk, individuals are bound to lose…

Once upon a time there lived a vain Central Banker whose only worry in life was to keep the consumers consuming. To finance their consumption, he lowered interest rates almost every hour and loved to show off to his people.