Debts at levels that can never be repaid – sovereign, corporate & private

Epic global bubbles in stocks, bonds & property – all about to collapse

Major geopolitical conflicts with no desire for peace – major wars likely

Energy imbalances and shortages, most self-inflicted

Food shortages leading to major famine and civil unrest

Inflation, leading to hyperinflation & global poverty

Political and economic corruption in US, Europe and most countries

No country will afford social security, medical or pension payments

So what are governments around the world doing to solve these problems?

Nothing of course.

The only thing they know is to print more money. They have never understood that a debt problem cannot be solved with more debt. All they can try to achieve is to pass the baton to the next leader so it will be his problem.

This means that all the political, economic and financial mismanagement of the past 50 years will result in a global collapse never seen before in history.

The consequences will be both dire and unpredictable since the world has no experience of this magnitude and complexity of problems.