The world economy and especially the political and economic situation today consists of a potpourri of lethal ingredients which will have dire consequences.
Let’s look at what this deadly potion consists of:
- Debts at levels that can never be repaid – sovereign, corporate & private
- Epic global bubbles in stocks, bonds & property – all about to collapse
- Major geopolitical conflicts with no desire for peace – major wars likely
- Energy imbalances and shortages, most self inflicted
- Food shortages leading to major famine and civil unrest
- Inflation, leading to hyperinflation & global poverty
- Political and economic corruption in US, Europe and most countries
- No country will afford social security, medical or pension payments
So what are governments around the world doing to solve these problems.
Nothing of course.
The only thing they know is to print more money. They have never understood that a debt problem cannot be solved with more debt. All they can try to achieve is to pass the batten to the next leader so it will be his problem.
This means that all the political, economic and financial mismanagement of the past 50 years will result in a global collapse never seen before in history.
