Governments worldwide have borrowed 100 trillion last ten years. Defaults inevitable sometime soon. Means crash, hurting rich and poor.
— Rupert Murdoch (@rupertmurdoch) May 1, 2012
The business mogul and Newscorp head gave a dire outlook for the world’s economic future. With the world’s debt crisis coming to a head will we see a massive crash? This billionaire sure seems to think so.