New York | Billionaire investor Stan Druckenmiller says the next financial crisis will be worse than the last due to soaring levels of debt.

"We have this massive debt problem," Druckenmiller said an interview with Kiril Sokoloff, chairman of 13D Global Strategy & Research.

"We tripled down on what caused the crisis. And we tripled down on it globally."

Stanley "Stan" Druckenmiller: "We tripled down on what caused the crisis. And we tripled down on it globally." Bloomberg

Druckenmiller joins a growing list of Wall Street financiers and money managers who have predicted debt will trigger a crisis.

Citadel's Ken Griffin last week cautioned that a debt-fuelled buying binge is laying the seeds for the next economic downturn.