Europe is Falling, and France Is Leading the Way

Fiat currency systems usually end with debts soaring to unmanageable levels and governments powerless to stop the resulting carnage. Japan and the US will get there eventually. But Europe is tipping into the abyss in real time.

Germany’s self-inflicted deindustrialization is a mess so vast (and sad) that it will get a post of its own soon. But for now…