https://usawatchdog.com/global-monetary-experiment-ends-in-bloodbath-john-rubino/
Analyst and financial writer John Rubino said in February, “We are in a debt and death spiral” that will force dramatic changes on the world. It was a direct hit because in March, Silicon Valley Bank (SVB) tanked, and the FDIC and the U.S. Treasury were forced to basically back-stop the entire banking system. The financial problems are far from over as Rubino explains, “Basically, interest rates have been artificially low for a decade . . . . In that time, crazy numbers of office buildings went up and were financed at really low rates. . . . Now, office vacancy rates are spiking, which means office building are not profitable anymore. The debts they have at 2% to 3% now have to be rolled over at 5%, 6% or 7%
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