1.0 Executive Summary
The number of articles predicting rough times ahead for the global financial system is growing. The general theme I keep hearing is the world economy is addicted to debt, with central banks operating as the drug dealers of cheap money. As the story goes, liquidity will eventually dry up and then bad things are likely to happen: mass defaults, markets will crash, currencies will collapse, hyperinflation…etc., etc.
Gary Christenson of Deviant Investor suggests the debt situation is so dire across various sectors of the world economy (public, financial, non-financial, etc.), that he