The Fuse Is Lit, And The World’s Debt Machine Is About to Detonate Governments around the world have been playing with a loaded gun—and now they’ve cocked the hammer. The global credit market, a grotesque, overleveraged monstrosity built on IOUs and wishful thinking, is staring down the barrel of a full-blown systemic implosion. Over $100 trillion in sovereign debt has become the world’s largest game of financial Russian roulette. The United States alone is holding the trigger with a $35 trillion IOU. China’s got $16 trillion of skin in the game. Japan is clinging to $10 trillion in paper promises. These aren't just numbers. They're fuse wires—sparking and hissing toward a central financial powder keg. Cheap credit is over. Investors,…

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