by John Rubino
This series is based on the premise that debt works the same way for countries as it does for individuals and families: When you borrow too much your life spins out of control. For national and multi-national entities that means elections become unpredictable, economies function erratically, and public policies become more ad hoc and less effective.
And civil unrest becomes the rule rather than the exception. In the US, for instance, it’s suddenly open season on both black men and the police. And in Europe, the following happened in just the past couple of weeks: