The Sovereign Debt Crisis
This is a special report going over the Sovereign Debt Crisis which is upon us and its timing. We look at the various times governments have defaulted and the outcomes as well as the causes. There have also been partial defaults where you may have the short-term paper that is suddenly converted to long-term. There have been wars over debt and gunboat diplomacy. It is important to understand why we are going through a major economic change. Governments have been borrowing since World War II with absolutely no intention of paying anything off. This is now all coming to a head and how the government become much more authoritarian is key to understanding why this is happening and what we need to do to grasp the future for ourselves.