Enron, weather derivatives, LIBOR scandal, MF Global. A whole bunch of insanity that went on for years totally unnoticed. Oh, until it was completely obvious. People don’t know anything about what’s happening behind the scenes and quite frankly, they don’t give a damn. Poor suckers.
Global debt has expanded beyond belief as central banks expand their balance sheets to make up for lack of investment. This is a system built around debt. But more specifically, debt that must continue to exponentially grow. A completely unsustainable fiscal and monetary calamity will result, without question. In the meantime however, don’t stop the party!
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