US is Already Bankrupt: Analyst

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michael144

US is Already Bankrupt: Analyst

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CNBC Thursday, March 19, 2009

Technically, the U.S. is already bankrupt because it has a debt that is almost four times the size of its economy, says Puru Saxena, CEO of Puru Saxena Wealth Management. He tells CNBC’s Amanda Drury & Sri Jegarajah that the U.S. is at risk of hyperinflation.