Armstrong explains, "They want a war, but they also need it because the monetary system is collapsing. . . . You have had interest rates at negative since 2014.  So, suddenly interest rates are rising.   Any bond owned by any institution in Europe is a loser.  They have lost so much money, it's incredible.  What happens?  Nobody is interested in long term debt – period. . . . If you have interest rates rising, and rates are going to be going up because the Fed cannot stop this kind of inflation.  Then, you got war.  You have untold billions of dollars being shipped into Ukraine which is absurd.  This is what you have. . . . You also have to look at what Janet Yellen said, and she was concerned with the tons of new debt coming out.  You are exceeding the balance sheets of the Primary Dealers.  To be a Primary dealer you have to be able to guarantee you will be able to buy X amount of debt.  If you can't sell it, what happens?  The bank is stuck with the debt, and then, they go bust.  So, we have a real problem here.  They cannot continue to issue this kind of debt in perpetuity.  They have been borrowing money since WWII with no intention of paying anything off. . . . The Fed is independent, and they don't want the long term debt.  They have been moving towards the short end of the curve.  How do you continue to fund a government if there are no buyers for the debt?  This is on a global scale."