Author of 'When Money Destroys Nations' cautions SA to heed Greece’s warning

Greece is the best example of how numbers, data, economic jargon and noise can turn into reality.

We interviewed Philip Haslam, Economic Advisor and Author of “When Money Destroys Nations”, about the red flags in South Africa that we should pay attention to right now and the likelihood of our fears becoming reality.

Scroll down to listen to the audio.

‘Noise’ does matter! Words like ‘trade deficits’ and ‘budget deficits’ have very real impacts.

Philip Haslam, Economic Advisor and Author of “When Money Destroys Nations”

When will South Africa get to the stage that we can’t borrow any further? How much is our government going into debt? Take Greece as an example; we should be watching this carefully.

Philip Haslam, Economic Advisor and Author of “When Money Destroys Nations”

Our government’s debt is already at R1.8 trillion and growing by about R300 billion to R400 billion every year. It was the same in Greece; consuming without a real consideration about paying it back.

Philip Haslam, Economic Advisor and Author of “When Money Destroys Nations”

I’m concerned particularly about governments’ printing of money.

Philip Haslam, Economic Advisor and Author of “When Money Destroys Nations”

This article first appeared on 702 : Author of 'When Money Destroys Nations' cautions SA to heed Greece’s warning


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