We have been expecting a horrible downturn, but could you explain what is happening? I understand markets to a degree, but I’m horrible at projections. Thanks in advance...
Yes, debt is not money. Never has been, never will be.
Right now public and private debt is in the $60-$70 trillion range. It will never be repaid, therefore, it will be liquidated in the biggest Jubilee the world has ever seen.
It's musical chairs, with a lot more bankers than chairs, and the music is about to stop.