Bets Rise on Rich Country Bond Defaults

It is looking more and more like we could see another default crisis like we saw in 2008, but it may not be directly related to banks or even business. Yes we will probably see even more banks and businesses close their doors and personal bankruptcy will most likely be high. But those situations could prove to be a small problem compared to the most critical situation of “Nation Failure”.  David Oakley of Financial Times, London says what he sees happening that points to just that very situation, below. “The mounting level of debt in the industrialised world is prompting a…