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Understanding The Endgame

Wednesday, June 8, 2011, 9:51 AM
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Understanding The Endgame

Wednesday, June 8, 2011

Executive Summary

  • Greece as a case-study in sovereign debt collapse
  • Why peak oil assures we will not be able to pay our debts
  • Understanding the dynamics of a future of less/no growth
  • Steps we as individuals need to be taking in preparation
  • How to preserve purchasing power during the coming market rout

Part I - Death by Debt

If you have not yet read Part I, available free to all readers, please click here to read it first.

Part II - Understanding The Endgame

How might the end game for a debt crisis play out?  We need look no further than one of the PIIGS for our answers.

Greece

Greece is in immediate danger of defaulting on its sovereign debt.  As one of the charts in Part I makes clear, the pain of such a default will land primarily on German, French, and UK banks.  Sure, they can probably kick the can down the road a bit longer, but it won't change anything. 

The levels of Greek sovereign debt alone are far beyond anything that can reasonably be repaid, even under very aggressive growth scenarios.

 

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