The world lurches toward its inevitable total debt collapse. Those who scoff at the 
suggestion are either ignorant of money, lack the intellect to bring the available data to its logical conclusion, or are too scared to look at what is in front of their nose.
It is no secret that what passes for money is collapsing. Extraordinary measures have been and are being applied to prevent it. They will fail. Bank runs are being slowed to a crawl by putting strict limits on the amount that can be withdrawn. There is even talk of banning cash altogether.
So-called ‘bail-ins’ have already been put into effect. Banks bought bonds from fraudulent sovereign entities that had “neither the means nor the intent to repay”*. The process of cancelling a percentage of all bank accounts then ameliorated these debts. They didn’t confiscate the ‘money’ in the accounts as was reported; it was no longer there,
Capital controls, meaning restrictions on paper currencies being carried across national borders, will be next. More and more restrictions on pseudo and real money will come into effect.
But no, nothing bad will come of it – “the government wouldn’t let it happen”. If it was not so tragic, such faith would be almost touching.
* Keith Weiner