First published by Money Metals Exchange here: https://www.moneymetals.com/news/2023/11/07/sovereign-debt-is-eating-the-world-how-did-we-get-here-002863
<p><img src='https://www.moneymetals.com/uploads/content/sovereign-debt-is-eating-the-world-how-did-we-get-here-social.jpg'/></p>Sovereign debt is eating the world. Lining up a financial crash that could make 2008 look like a picnic. How did we get here? In short, governments and central banks deluded themselves into thinking that unlimited deficit spending financed by unlimited money printing won&#039;t do what they&#039;ve done for literally millennia – plunge the economy into stagflation.