An ‘Outrageous’ Prediction That American Capitalism Is Ending with Steen Jakobsen

Saxo Bank has published the latest in its annual series of “outrageous predictions,” and among the bigger calls is that American capitalism is ending. As US debt spirals ever upwards, the federal government will have to make government bonds tax-free, according to Chief Investment Officer Steen Jakobsen, who joins this week’s Merryn Talks Money to discuss the list. “The hand of government is just getting heavier and heavier,” he says.

Other predictions include a global Champions League owned by Saudi Arabia, a health crisis triggered by obesity drugs and a two percent European Union wealth tax.

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