Global Growth has been based on Unproductive Debt, non liquidating, and debt that will never be paid back.





There are many Zombie Companies who have large non liquidating Debt along with establish companies who have borrowed for so called stock buy backs and etc. all non liquidating debt. Then we have the consumers who have large amounts of non liquidating debt.





We are coming to the end of the cycle of false growth and when everyone realizes this Debt will never be paid back and companies and consumers will struggle to pay back the debt and service the debt as rates rise.





We are entering "Deflation" and Deflation is taking hold and Debt Deflation is going to cause a lot of damage to the Financial System.





The MKTS have topped or finishing off a top and the Down Side is going to be panful worse than 2008 worse than 1929