The Sovereign Debt Crisis Arrives

Armstrong Economics Blog/Sovereign Debt Crisis Re-Posted Dec 26, 2021 by Martin Armstrong

While the world is turning, the economic crisis emanating from the SovereignDebt Crisis in Europe is propelling a very serious outlook as we head into 2022. I have been warning for the past 10 years that the situation would become critical. I have attended meetings with many central banks over this period warning that governments cannot continue to borrow perpetually with no intention of repaying what they borrow.

The Day of reckoning is arriving. They have been using this COVID-19 whipping it up into a panic for the shear purpose to bring us to the point where their solution will be to default disguised as a solution for the poeple. I will report on the real state of the world financial system and it may be shocking for most. This is not a question of simple hyperinflation for that even implies that the currency survives, The real outlook is far from the claims of the pundits that keep pitching the same story for decades since the collapse of Bretton Woods. Those in power are already running stories that there will be an armed revolution if Trump does not win in 2024, It would be nice if we even have that long before political chaos upsets the financial system.

There will NEVER be a return to normal. These people have divided the people on race and politics and the key to civilization has always been that people come together when they ALL benefit. Civilization collapses when you divide the people, and turn one group against the other.

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