Global debt: a ticking time bomb

Since the negotiations to end the Ukraine war began, the liberals and their mouthpieces have been at pains to present Putin as a stubborn obstacle to peace, and Zelensky and his allies as begging for a ceasefire. Now, Trump’s remark that “Putin has gone absolutely crazy” has seemingly vindicated their warnings.

For decades, the world economy has been kept afloat by the life support of credit. For a time, it appeared as if there was no limit to what governments could borrow in order to stabilise the system. Problems were simply kicked down the road, as if there were no tomorrow. In this way, they have fed a monster, which now threatens to devour its master.