Chris Konstantinos is the Managing Partner and Chief Investment Strategist for the RiverFront Investment Group. As an well-known international investment strategist, he provided the National Federalism Commission with his “arms-length” nonpolitical analysis of the status and impact of the US national debt.
Saying, “Six years ago I was pretty sanguine about the national debt; but today it is a major concern.” When asked how long until the USA has until there is a major fiscal impact due to the national debt, he answered, “Ten Years.”
This whole presentation provides a great understanding of the real impact of our national debt in nonpolitical terms. Listen until the end.
Major Content of the Video:
00:00 – Introduction by W. Bruce Lee, NFC Executive Director
03:30 – The Biggest Long Term Risk
04:30 – Debt above 90% = Danger Zone
05:30 – Ferguson’s Law
07:30 – Debt that Destroys Ordinary Citizens
09:00 – American Exceptionalism
13:20 – Exceedingly Alarming
17:00 – We Have Been Here Before
22:40 – Nonpartisan Solutions
25:30 – Time to call the Fire Department
33:25 – Bond Vigilantes
35:40 – We have Ten Years