This is the end of everything, the end of money, who would have thought that the internet would end the monetary system, but that is exactly what is happening, the entire problem is essentially pressure to stop the economic madness, stop the debt based system.

the real sore is that sovereign debt is just as bogus as that so called aaa junk that caused the mortgage crisis in 2008 and sovereign debt is just way, way more massive.

You see the printing press devalues debt and is a default, qe1,2,3, etc are all tiny defaults, and the resistance to the gamesmanship will make the big default that much more likely