Increasing global debt levels is a fact - next global crisis ahead
22 countries are already in debt crisis; a further 71 could be soon
... Germany could have turned its large surplus into a small deficit, by allowing workers wages to increase, enabling them to buy more from its major trading partners. This would have allowed countries with large debts to German banks, such as Greece, Portugal and Spain, to export more to Germany, more easily reducing their own deficits.
It seems the lessons of the financial crisis and the danger of these global imbalances has not been learnt. Current patterns of global trade and finance are sowing the seeds of the next global crisis.
A "prophecy" is about to be confirmed?
Armstrong predicts that a sovereign debt crisis will start to unfold on a global level after October 1, 2015 a major pi turning point that his computer model forecasted many years ago.