Agreed. 2016-2017 is the ratcheting of the cascade for submission of sovereignty for EU nations.
For the USA, that will come later in 2017-2018 with the peak ingress of safe haven seeking capital-chasing-capital ducks stampede in from the periphery and with the allegedly closet-lesbian, ashtray-hurling, führer Hellary Slimeton at the "Little Village" socialism, concentration camps "either you are with us or against us" profiling helm.
Note Asia will also experience a sharp downturn (shrinkage of their export markets, corporations sold huge bond issues denominated in dollars and $usd will appreciate) but unlike the Western nations which are burdened with fiscal debt, Asia's excessive debt load is only at the corporate level (even in China because bankrupt LGOs should be viewed as separate from the central government and can be politically thrown overboard in defaults/writedowns) and can be defaulted. Thus Asia will bottom 2020 and start rising again. While the Western nations are politically embroiled in a fiscal debt morass NWO from which there is no escape other than a Knowledge Age for those who avail of it.
However, Asia will lead the NWO because Asia is top-down run by fascist taipans. Thus the real antithesis to the NWO is the Knowledge Age and not Asia's fiscal and youthful demographics buoyancy that is being harvested by the taipans.
Question about 2015.75. It seems Greece and its creditors have managed to extend-and-pretend into 2016, and that looked to be the most obvious source of sovereign debt contagion. (Of course it is still possible this latest bailout deal will unravel.) Is there another one?
My model of the Euro crisis is that TPTB created the Euro currency union separate from a fiscal union, to enable the model for cascade into a NWO.
They pumped debt into the overvalued nations then as the usury compounded coupled with the appreciation of the Euro that outran their incapacity to produce, the impending defaults forced a choice of increasing the debts or defaulting.
The EU banking model was set up such that the member nations would have no realistic choice but to accept ever increasing debt bailouts (coupled with austerity which accelerates the need for more debt bailouts). TPTB have forced the national fiscal balance sheets to assume this debt and they are metastasizing this debt load throughout the EU into the northern balance banks and also eventually entirely on the northern fiscal balance sheets:
Simultaneously TPTB set up the Basel rounds of increasingly strict banking disclosure and mark-to-market Tier capital classifications which are being staged phased in to ratchet the cascade contagion.
The cascade model is that the instances of debt crises throughout the EU will accelerate until all the nation-states are incapacitated by debt on their fiscal balance sheets, at which point they will have entirely submitted their sovereignty to the EU and ECB.
So the contagion will not be a debt default until it encompasses a default of all the EU nations, and at that point there will be monetary reset with sovereignty submitted to the EU, wherein all the debts will be written down using the ECB.
I predicted this in 2010 with the widely syndicated essay:
http://www.coolpage.com/commentary/economic/shelby/Understand%20Everything%20Fundamentally.html#europeYou will probably need a week or two of studying the thread slowly.
I will be the first to admit I needed a week to fully absorb the following works of AnonyMint.
The Rise of Knowledge
Understand Everything Fundamentally
Together these are quite simply the most insightful piece of economic theory I have ever read.
If the author is right and I think he is we are all in the midst of a tragedy of epic proportions. It is sad unstoppable and will devastate the lives of much of humanity.Once you understand the basics of the modern financial system you are ready to move on to Anonymint's more complex writings and ideas. I would start with
Understand Everything Fundamentally
Understand everything fundamentally covers the broader principle of collectivism and its dangers including the tragic consequences of our current economic trajectory. It also covers the principles of centralization and degrees-of-freedom in the economy. Next up is
The Rise of Knowledge
The rise of knowledge is in my opinion the very best of Anonymint's writing. In it he covers finance and why the role of finance and debt will progressively decline in the future. It is a compelling argument that describes how and why humanity will eventually and inevitability break free of the chains of finance and unrestrained collectivism and enter an age of knowledge.
CoinCube Highlights:
Information is Alive
The Entropic Theory of Life
A Defense of Socialism
The Birth of Contentionism