Expectations of the General Direction in Which Planet Debt is Taking Us:
- Reengineering global governance: Expect to see further centralization of currencies and the implementation of digital currencies.
- Increased “piratization”: High debt loads will be used to insist that countries and municipalities privatize valuable assets and operations, often at below market values and terms and conditions. This will support continued growth in the number of large corporations and their earnings and assets.
- Abrogation or re-negotiation of retirement benefits and pension obligations in the developed world; pressure to direct pension fund assets to serve centralized interests.
- Increased global activity on large infrastructure projects.
- Increased military expenditures by the developing world.
- Continued high levels of global indebtedness for some time to come.
- Continued growth in the size of global equity markets. An effort will be made to “crash up” the global equity markets in a manner which attracts the emerging middle class in developing countries to participate in the stock market broadly.
- Continued inquiry as to where missing assets and money are disappearing and whether or not the debt system on planet earth is open or closed.