Central banks continue to inflate the debt bubble and "defer the pain," writes Thomas Feeney....

|By:, SA News Editor

Central banks continue to inflate the debt bubble and "defer the pain," writes Thomas Feeney. The problem is that the world's central banks face a debt crisis so severe that they continually ward off the "corrective forces" of recession by issuing more and more debt. According to Feeney, the bubble will will eventually pop for a future generation with government defaults.