If you want to really understand the current monetary system and the risks and opportunities it creates, you must read “The Age of Debt Bubbles.” This is a comprehensive, informed, and thorough analysis of the current global monetary system.

Debt bloats the global economy. Spending and debt, rather than savings and prudent investment, form the foundation of economic development. This debt-based system, where sovereign debt is allegedly the safest asset and governments continue to stretch their solvency ratios, is constantly generating boom and bust cycles. Through a meticulous examination of historical data and trends, this book analyses the risks posed by the ever-expanding debt bubbles.

The book explains that debt has become a pervasive and inescapable feature of modern economies. The relentless pursuit of growth and profit with little equity involved has driven individuals, corporations, and governments to take on increasingly larger amounts of risk through indebtedness in exchange for lower returns, creating a fragile house of cards that is the root of all financial crises.