Martin Armstrong is back for another installment… The Euro is crumbling. So is the yen. The beneficiary is the dollar which has been going up. This is the future of things to come. There’s no turning back now. Money printing is out of control and so is sovereign debt. This will eventually lead to some type of debt jubilee, either total or partial, but there’s really no other way out. Governments, by their very nature, will always spend more than they have and make up the difference by taxing and borrowing. No one in government ever wants to tell people that the party is over. Therefore, it goes on and on until there’s a major crash and the system has to be reset. According to Martin, it’s down the road a ways, but not too far.
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