If you are wondering what's going on, think no more. The end of the world is upon us. All conspiracy theory aside, we are hitting phase 2 of the global financial crisis. Instead of the banks being insolvent, now nations are. No surprise since governments took on the follies of the Banksters and are now drowning in debt.
The long shadow on deficits hovers over the lack of real economic growth projected for the future.
So, while you thought the end of the world was 2008. Sorry, it was postponed and now sovereign debt, which used to be the Banksters debt, is unleashing it's plague of locusts.
We told ya so. Here we are. Enjoy the ride.