Let me make this VERY clear. The Western Keynesian Economic Model is collapsing. Schwab's claim that "You'll own nothing. And you'll be happy" is not a communist sales pitch. It is far more serious than that. Because the European Central Bank moved to negative interest rates back in 2014 and there has been NO stimulation ever achieved, they have kept European governments on life-support and wiped out all the pension funds that by law had to hold a portion of government bonds.

Governments will have NO choice but to default but if they do so, millions will be storming their castles with pitchforks. Schwab is pulling the LIFE Insurance scam. They sell fire insurance, accident insurance, flood insurance, and earthquake insurance, but they could not sell DEATH insurance so they then called it LIFE instead.  Schwab is clever in saying we will eliminate all your debt makes it sound they are doing this for you when in fact they need to default.