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Niall Ferguson: US Will Face its Crisis in 2 Years

Niall Ferguson, author of the Ascent of Money,  gives his negative opinion on the Renminbi currency revaluation.  The meat of his interview is a look at the future government debt spiral for the US.  He cites that debt interest payments will consume 28% of all tax revenue in the US by 2014 and our current debt binge is being facilitated by a low 10 year treasury yield.  Ferguson suggest that there will be a financial crisis in the United States within the next two years and at best case 4 years.

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