There is a tangled web of deception that supports the world’s financial debt. The debt web itself is used as support. Financial and economic experts are of mixed opinions as to the direction of the future. 
Is there any difference between being ignorant of the risk and being partially prepared? I hope so.
I have been preparing for a systemic failure for over 10 years. Actually I have seen weaknesses in the system since the 1990’s. The systemic web of support has become more complex since then. The world central banks have been patching the system with cheap money (low interest rates), quantitative easing (purchases of stocks, bonds, and weak contracts), and intertwined loan agreements. Large investment banks have sold unknown quantities of derivative contracts to provide the illusion of support for international contracts. This can accurately be described as a house of cards.
Will it collapse, or will the systemic web hold? The future is full of suspense.
Today is especially critical because of S&P’s expected downgrade of Deutsche Bank’s credit rating. The bank has been added to the FED’s list of banks in trouble. Deutsche Bank is believed to have the world’s largest collection of issued derivative contracts.
Italy and Spain both are experiencing debt problems.
Can these weaknesses be supported by more tangles within the web? We watch. Hope for the best.
Prepare for the worst.
Here is today’s beauty.
