The Sequence of the EU/UK’s Seven-Wave Crisis | Kirill Dmitriev

Kirill Dmitriev, CEO of Russia’s sovereign wealth fund (RDIF) and a presidential envoy, has outlined a forecast of cascading crises in the EU and UK beginning in May 2026. 

 

Dmitriev is signaling that, once the EU and UK accept the reality on the
battlefield—that Russia has prevailed—a new phase of cooperation
 based on trust and mutual respect could become possible.

According to this scenario, an initial phase of jet fuel shortages would be followed by broader disruptions in oil, gas, and fuel supplies, along with reduced availability of fertilizers and resulting crop and food shortages by the summer. This would ultimately lead to accelerated deindustrialization, a breakdown in currency stability, fiscal conditions, and debt markets, and culminate in a social and political crisis in the fourth quarter of 2026. 

 

 » Madness and a Kamikaze approach to an existential crisis. « 

Germany's Self-Destruct Pact: Merz Pushes Europe to the Brink.

  

» Awakening and Reset in 2027. «

 

Putin's top negotiator, Dmitriev, casually wake-surfing off Miami on December 27, 2025.

 

Dmitriev's narrative concludes by linking these potential disruptions to a broader "awakening" and systemic "reset in 2027." Is this part of a really smart Good Cop-Bad-Cop diplomacy psy-op, is this all actually heading toward total EU/UK defeat, followed by catharsis, mutual respect, and a prosperous future, or is it merely wishful thinking from a fifth column pro-West liberal?

Powerus, a US company, has secured a contract to supply interceptor drones to the US Air Force, though the quantity and total value remain undisclosed. Notably, Powerus is backed by Eric Trump and Donald Trump Jr.—sons of the sitting US president. The deal raises conflict-of-interest concerns, as it points to potential financial gain from military contracts tied to ongoing US operations in Ukraine and West Asia. War pigs gotta war pig? 

» What we’re looking at is a global struggle—the Great Game Renewed. It’s developing across multiple theaters, starting in the Arctic, where Russia effectively controls the most strategically important coastline for emerging trade routes. The middle layer is the Baltic states pushing toward escalation with Russia. Then comes Ukraine at the center. Below that are Georgia, Azerbaijan, Armenia, the Caucasus, and Central Asia. At the bottom sits Iran. «

Although Western media prematurely declared Mali defeated, that collapse did not occur:  Malian Armed Forces and Russian Africa Corps airstrikes decimated al-Qaeda-linked logistics and neutralized leadership in Kidal, stabilizing northern front lines through April 2026.

See also:

Alex Krainer (April 21, 2026) - Entering the First Global Total War.

Jiang Xueqin (April 17, 2026) - US War Against the World, and the Future International Order.

Sergey Karaganov (January 16, 2026) - "Russia Will Nuke Germany and UK if Ukraine War Persists."

"Russia Will Nuke Germany & UK if Ukraine War Persists" | Sergey Karaganov

"We are fighting Europe once again—the continent that has consistently been the source of all ills and evil in the history of humanity, including, of course, world wars, racism, and colonialism." Sergey Karaganov’s perspective on Europe and its relationship with Russia is defined by his belief in the urgent necessity of a definitive civilizational break from the West.

 

 » The source of all ills and evil in the history of humanity. «

 Zelensky, Starmer, Macron, and Merz coordinating their seizure of Russian assets, December 8, 2025.

He views the current conflict between the US-EU-NATO and Russia in Ukraine as a historical repetition, noting that "Europe has been several times invading us" and that "last time was in 1941–1945 when Western European countries came here under the banners of Hitler [Operation Barbarossa]." Karaganov asserts that "unbelievably after all their defeats they haven't learned the lesson" and "they are still pushing for a big war."
 

He warns that Europe’s "strategic parasitism" and "loss of the fear of God and nuclear war" make them "dangerous idiots that are pumping up hatred towards Russia like mad. Even in Hitler's Germany, the level of anti-Russian propaganda was maybe weaker than what is happening in Europe now." He argues that "they do not understand anything but physical pain," suggesting that Russia will be forced to "punish them severely" with "waves of nuclear strikes" should they continue fueling the war in Ukraine and threatening to directly attack Russia.

 

How far are we from Russia using nuclear weapons against Europe? "Two years, maybe one year. I've been calling on my government to escalate earlier. But President Putin is very religious and cautious." Karaganov specifies that "my choice would be Britain and Germany" and "Germany should be nuked first because it is the source of the worst in European history."

  

» Germany should be nuked first because it is the worst. «

Sergey Karaganov, January 14, 2026.

 

"I beg the Almighty that won't happen. I have a lot of friends in Europe, but I have no contact with them because they are banned by their elites from talking to us. These elites are preparing them for war, though they cannot comprehend that if a real big war is unleashed, there will be nobody in Europe left to talk to. I pray that we won’t have to make this decision."

 

Regarding the decline of European elites, Karaganov argues that under its current leadership, Europe "became anti-European and even anti-human." He characterizes these leaders as "complete failures on all counts—moral, political, economic," and bluntly asserts that "Europe is going down." He further contends that "never in the history of Europe have we had such a low level of intellectual capacities in the leadership of most European countries," noting that while this applies to "not all but almost" every nation, the overall decline is undeniable.

» Micron keeps peddling this pathetic bullshit. This is what you’ll get. «

Dmitry Medvedev, January 10, 2025.

 

European elites "understand that their Golden Age is finished and they are desperate," primarily because they realized "they cannot live on others' money nor on the cushion of US protection any longer." Ultimately, he suggests that "everybody in the world now laughs at Europe," observing that a continent which "used to be one of the core centers of world power" has now been reduced to "a joke."

 

On the relationship between Russia and Europe, Karaganov believes "our European journey which Peter the Great started is over" and "it should have been over 150 years ago." He expresses a sense of liberation from Western influence, saying, "we are not European, thanks God" and "we are returning back to where we belong—to become the Eurasian nation... We have done away with "comprador" elites and thrown away the "fifth column." We are returning to our Russian soul. The only problem is that we have to pay for it with the lives of our best men. But other than that, Western sanctions have been a blessing. Russia, when threatened, is again a nation of warriors."

 

Reference:
Tucker Carlson Interview with Sergey Karaganov, January 14, 2026.

 

See also:

Sergey Karaganov (January 27, 2025) - Russia Must Help Overthrow Europe's Dangerous Elites.

Sergey Karaganov (May 3, 2024) - Russia Needs to Change Its Nuclear Doctrine. 

Sergey Karaganov (2023) - Russia’s Policy Towards World Majority. 

Emmanuel Todd (2024) - The Defeat of the West. 

Samuel P. Huntington (1993) - The Clash of Civilizations: The Rest Against The West. 

Sergey Karaganov is a Russian political scientist, Professor Emeritus, and Supervisor at Moscow's Higher School of Economics. A long-standing personal friend and advisor to President Vladimir Putin—and formerly Boris Yeltsin—he is the honorary chairman of the Council on Foreign and Defense Policy. Architect of the "Karaganov Doctrine" and Russia’s Eurasian pivot, he advocates for an assertive foreign policy, interaction with the non-Western World Majority that has no binding relationships with the US and the organizations it patronizes, as well as for a radical civilizational break from the West.

Why a US War with Venezuela Would Benefit Russia | Dmitry Seleznyov

As cynical and crude as it may sound, a US war with Venezuela would benefit Russia. Venezuela could become America's "Ukraine," diverting US attention and resources away from our own conflict in Ukraine. The United States risks getting bogged down in a war it starts—especially if it launches a ground operation. In that case, Venezuela could turn into a second Vietnam for the US. Either way, South American countries would likely rally in solidarity to support it, uniting the continent in a fight against the "gringos." 

 

 » Uniting the continent in a fight against the "gringos." «

It won't be possible to tear the country apart with impunity; there won't be an easy walkover, and the US could face unacceptable losses. On the international stage, Russia and China would provide support—both politically and through hybrid means. On one hand, we'd be whispering sweet nothings to those Witkoffs or whoever's in charge in that administration, while on the other, quietly fueling Maduro's fire. Why not? If others can do it, why can't we? Of course, we'd offer help with the constraint that we're still tied down in Ukraine, but we'd do what we can.  

 

» Why not? If others can do it, why can't we? «

 

If things in Venezuela escalate to a hot phase and body bags start flowing back to Trump's "Great America," the MAGA electorate won't like it. Trump was elected to do the opposite. Fighting a war in Venezuela isn't just getting involved for Israel's sake or bombing Iran on the other side of the world—this one's right in America's backyard, with short supply lines. Not to mention that Trump would permanently lose his carefully cultivated image as a "peacemaker," the one he wants to be remembered for in history. A war in Venezuela would brand him forever as the man who tied a bloody ribbon of a second Vietnam around America's neck. Does Trump want that? Doubtful.

 

But Trump is pushing hard—he always plays the bluff game. Recently, Mr. Twitter declared a no-fly zone, and just the other day, he went even further with a full blockade. In effect, that's already a declaration of war. Will Maduro escalate? Sure, a direct conflict could end in different ways, but if Trump has already sentenced the Venezuelan president, what does he have to lose? Escalation often leads to de-escalation. Remember how young Kim Jong-un told Trump to get lost on surrendering nuclear weapons—and nothing happened; he ended up as a "good guy."
 

But for now, our friend Maduro is acting unconvincingly. Chanting "peace, peace, peace" won't stop an inevitable war. "You're only guilty of making me hungry," as the fable goes—red-haired Donnie's intentions are clear. So why wait? Look at the "barefoot" Houthis—they drove off American ships from clustering near their coast. And they're still standing strong. 

Or what—surrender?

Quoted from:
Dmitry Seleznyov (December 18, 2025) - Why a US War with Venezuela Would Benefit Russia.

(Чем выгодна России война США с Венесуэлой.) 

 

» The Pathetic Empire. «

Caracas, December 18, 2025: Venezuelan naval forces have begun escorting non-sanctioned oil tankers carrying petroleum derivatives, reportedly destined for China, in direct response to US President Donald Trump's December 16 announcement of a "total and complete blockade" targeting sanctioned vessels entering or leaving Venezuela. The escalation follows the US seizure on December 10 of the tanker Skipper, carrying approximately 1.9 million barrels of Venezuelan crude, which Trump indicated the US would retain. 

 

Venezuela has condemned these actions as aggression, requesting an urgent United Nations Security Council meeting to address perceived violations of international law. Domestically, PDVSA workers staged protests across multiple states in defense of national sovereignty, while Vice President Delcy Rodríguez reaffirmed the uninterrupted operation of the hydrocarbons sector. Amid the tensions, President Nicolás Maduro reported that Venezuela achieved 9 percent GDP growth in 2025 despite sanctions, with projections of at least 7 percent for 2026.

Is Ukraine Developing Nuclear Weapons with UK and France? | Gerry Nolan

If Kim Dotcom is right (his bating average is very high), and Ukraine really is developing nuclear weapons with UK and French help, then Europe isn’t just escalating. It’s playing Russian roulette with civilization. And the worst part? It’s plausible. Horrifyingly plausible.

» Ukraine is developing nuclear weapons with the help of the UK and France. This is why the peace process takes so long. 

The US knows and it is playing on time. Ukraine is a US client state. If Trump wanted peace he would have it immediately. 

Russia is being played. « — Kim Dotcom, December 1, 2025.

NATO’s top general has now crossed the line from deterrence into madness. Admiral Giuseppe Cavo Dragone has publicly floated the idea of "preventive action" against Russia—meaning pre-emptive strikes on targets "where drones could be ready to be launched." Europe isn’t defending itself; Europe is announcing that it is preparing for war and is ready to strike first. This is elite panic—the behavior of governments that fear their own people far more than they fear Moscow.

This adds up sadly... That Ukraine is developing a nuclear program with assistance from Britain and France, a charge that will be dismissed in Western capitals, but one that fits too neatly with Kiev's own public statements. This isn’t a wild accusation from the fringe. Ukraine’s leadership has repeatedly signaled nuclear ambitions: from Zelensky in Munich hinting at abandoning the Budapest Memorandum, to the ambassador, Andrey Melnyk, in Berlin threatening nuclear rearmament, to “we may need nukes if NATO won’t take us.” These aren’t slips. They are warnings and confessions disguised as hypotheticals.

Zelensky's potential replacement, Zaluzhny, suggests Ukraine could deploy nuclear weapons as a

security guarantee. According to the dismissed general, other options include NATO membership or

a "large military contingent" to confront Russia. They just crave a nuclear showdown.
 

And now? Europe is openly discussing preemptive strikes on Russia. NATO’s top general, Cavo Dragone, floated "preventive action" against Russian sites, code language for first-strike doctrine. Russia responded by calling it "an extraordinarily irresponsible step." They’re right. This is not deterrence but brinkmanship from a political class that has lost its mind, and knows it.

 

» I was actually in Monaco earlier this summer… and every other car there was an Italian supercar, like a Pagani or Bugatti, and

they all had UKRAINE plates. They’re STEALING that money, and it’s just one big corrupt scandal. « — Donald Trump Jr.

 

Why is the claim more than plausible? Because Kiev has the motive, is on record expressing the intent (to give cover for its patrons), the remnants of a Soviet scientific base, and the Western patrons capable of providing the expertise. And because a desperate state with collapsing front lines, a sacrificed population, and dwindling Western patience will consider anything, including the unthinkable, to secure leverage.

Rustem Umerov sticks to the script: "gratitude to the American people, the leadership, Trump’s peace initiative." 

"The US is hearing us, the US is supporting us, the US is walking beside us." Little substance, lots of pleasantries.

 

And Europe? Europe is no brake. Europe is the accelerant. London and Paris, terrified of their own political collapse, are escalating in every direction: naval-drone terror, hybrid and kinetic warfare, now nuclear ambiguity. They fear their own voters more than they fear Moscow. That’s why they push Zelensky to take risks no sane leadership would touch. Because if Ukraine falls, their governments fall with it.

Zelensky and "The Spirit of Ukraine," 2022 and 2025.

This is how great powers sleepwalk into catastrophe: a desperate puppet state, unhinged European elites, and nuclear ambiguity. And a military alliance openly debating first strikes on a nuclear superpower.

» It's over. NATO and the EU are finished. The Empire of Lies is crumbling. «  

Col.  Douglas Macgregor.

 

The world is standing at the abyss. Not because Russia wants war, but because Europe’s political class is trying to outrun the judgment waiting for them at home. And if they drag Ukraine into becoming a terror regime with nukes, or drag NATO into first-strike doctrine, the next miscalculation won’t be “hybrid warfare.” It will be irreversible. We are closer to the abyss today than at any point since 1962, and the people lighting the fuse are in Brussels, London, and Paris. Not Moscow.

Quoted from:
Gerry Nolan (December 1, 2025) - Is Ukraine Developing Nuclear Weapons with UK and France?

Q4 2025 Outlook: Geopolitics, Geoeconomics, and Investments | Simon Hunt

Amid a cascade of geopolitical and economic developments, the Shanghai Cooperation Organization (SCO) summit—along with bilateral meetings in Tianjin and Beijing—emerged as the pivotal moment. President Xi’s opening address concluded with a clear message: “It’s time for action.” 

 

Simon Hunt, British economist and CEO of Simon Hunt Strategic Services, is a veteran global 

strategist with 50+ years of experience advising governments and institutions on macroeconomics, 

copper markets, China, and geopolitical risk, and a pioneer in industrial metals intelligence.

Multipolar Ultimatum: SCO Summit Signals Global Realignment 

This marks a new era of geopolitical posture—one of confident unity among the East, and a tacit ultimatum to the West. BRICS is ready, but not seeking a fight. Despite the growing strength of this bloc, their message remains: “We don’t want war, we invite partnership. But if you refuse, we will proceed without you.” This stance was echoed during a high-profile military parade showcasing next-generation hardware (HERE, select English audio track). 

» The wars in the Middle East and in Europe will escalate. «

Simon Hunt, August 27, 2025.

 

The West has effectively pushed Russia and China together—and now India as well. This fulfills Brzezinski’s warning that a Russia-China alliance would mark a fatal blow to US global dominance. The realignment is now irreversible.

India, once diplomatically dancing between the West and the East, has now aligned itself firmly with BRICS. The SCO summit made this unmistakably clear through images and interactions between leaders. With China and Russia already unified, India’s inclusion forms a powerful axis comprising the world’s three largest countries by population and resource depth.

Within the SCO framework, India and Pakistan—traditionally adversarial—may find common ground. Russia maintains strong ties with India, while China supports Pakistan. Pakistan's historical alignment with the CIA may now be shifting toward China, driven by strategic and economic incentives. Even Pakistani defense leaders have acknowledged the transactional nature of their past Western alignment.

 

US Can Adopt Multipolarity Or World Will Split Into Two Blocs

The coordinated body language, messaging, and preparedness of Xi Jinping, Vladimir Putin, and Narendra Modi made it clear: Washington and its allies are being asked to join a multilateral world. Should they refuse, the world will split into two irreconcilable blocs.  

 

Historically, empires have accepted only victory or defeat, and the United States may not shift until crisis compels it. The refusal to accept a multipolar order will lead to escalating global tensions. The window for peaceful integration is closing.

 

BRICS Currency Incoming: Gold-Backed Alternative to Dollar Imminent

Within ongoing BRICS meetings, particularly between Russia and Brazil, a new currency is being discussed—one expected to be gold-backed. The Shanghai Gold Exchange is building vaults across BRICS countries, including Saudi Arabia, enabling energy trade in yuan and its conversion directly into gold, bypassing the dollar.
 

China is already settling oil trades in yuan, which Saudi Arabia converts into gold via the Shanghai exchange. A physical gold vault in Saudi Arabia would streamline this process, and with a narrowing trade imbalance, this yuan-for-gold mechanism is becoming systemic. Russia and China have already maintained such a balance for years via vaults in the People's Bank of China (PBOC).
 

Russia warns "US will use crypto to escape its $35 trillion debt". 

 

Gold at Record Highs: Short-Term Pullback Before Next Bull Leg

Gold futures reached $3,673, with silver touching $41.92. However, a short-term correction to $2,800 may occur due to the Treasury’s need to lower interest rates. This is seen as a deliberate move to accumulate gold cheaply before an eventual revaluation.

 

Silver Rising: Central Banks and BRICS Nations Accumulating

Saudi Arabia recently bought $20M worth of SLV shares. Russia has opened its first silver reserve. The US added silver to its official list of critical minerals, indicating institutional recognition of its strategic value alongside gold. The deeper message: central banks no longer trust paper assets.

 

Two-Tier US Currency Model Anticipated

The US is already in recession, and Europe is close behind. Real money supply is shrinking globally—one of the most reliable indicators of economic activity. Liquidity injections may not be enough to revive growth given looming structural banking pressures. 

 

A previously disclosed forecast from over a decade ago suggested the US could eventually introduce two dollars—a gold-backed domestic dollar and a floating offshore dollar. Technical models predict the DXY will fall to 50 by 2028, effectively doubling gold prices in dollar terms.

A potential short-term dollar rally—DXY rising from 98 to 103—could temporarily deflate gold prices. This would precede the next wave of the precious metals bull market. Treasury-driven rate cuts and liquidity injections will aim to stabilize the system ahead of 2028's deeper crisis.

American pension funds and institutions may be compelled to absorb US debt, given the exodus of foreign buyers like China. Watch India’s actions closely in this space—they will serve as a bellwether for BRICS monetary divergence. 

 

» The contrast between Chinese dynamism and the total rot and death cult of the West and its vassals defies imagination. «

Pepe Escobar, September 10, 2025. 

 

Ukraine Escalation Risk: EU3’s Miscalculated Strategy

The EU3—France, Germany, and the UK—appear poised to intensify the Ukraine conflict by inserting troops into the country, backed by US-supplied weapons and funded through European debt. This move, driven by strategic delusion, risks widening the war and deepening economic instability across Europe.

Should EU3 forces move into Ukraine, expect immediate capital controls in Europe, with global spillover via interconnected banking systems. This would shortcut any inflationary cycle and thrust the world directly into recession.

 

A leaked directive from France reportedly instructed hospitals to prepare for mass casualties in 2026, tied to potential direct conflict with Russia. Sources close to French military and intelligence circles confirm the plausibility of this scenario, citing deployments as “peacekeepers” that will effectively function as combat troops.

 

Iran-Israel Tensions Rising: Preemptive Strike Scenarios Loom

Parallel to Ukraine, the Middle East simmers. Iran is reinforcing its defenses with aid from Russia and China. Intelligence hints at potential preemptive strikes by Iran against Israel, marking a dangerous turning point. Iran’s foreign minister has dismissed negotiations with the US as traps, citing repeated betrayals masked as diplomacy.
 

» Globalization is coming to an end, the Spring and Autumn period is over, and the Warring States period is about to begin.

[...] From now on, the possibility of reconciliation between countries on this planet will increasingly cease to exist.

The entire Eurasian continent is about to engage in a battle royale, where every nation must firmly

choose sides in the process: either become a servant of the United States or be its enemy. 

[...] They can only choose to stand with us or face destruction. «

Chinese opinion regarding Israeli bombing of Qatar on September 9, 2025.

 

Despite its proximity to conflict, the UAE may be spared thanks to deep trade ties with Israel, cultural links with Iran, and the presence of a modern Iranian community. Any Iranian retaliation may be surgically limited to American military installations, avoiding broader damage in the UAE.

Climate Shift Confirmed: From Warming to Cooling

Melting Greenland ice is releasing cold freshwater into the Atlantic, disrupting ocean currents. Though silenced by institutions like NOAA, internal research suggests we are entering a cooling phase, not warming. The agricultural and economic implications are immense.

Food Inflation Crisis: Cold Weather, and Dust Bowl Patterns Collide

Food prices are already spiking. The FAO food index rose 7.6% YoY in July. Fertilizer shortages and extreme weather may cause one of the coldest winters in 50 years in the US Midwest. Add to this the return of the 90-year Dust Bowl cycle, and the outcome is severe crop failures and soaring food inflation.

 

Demographics vs. Growth: Global Economic Model Faces Existential Challenge 

The world's demographic peak (around 9 billion) and subsequent decline challenge the existing economic model based on infinite growth. However, this transformation will unfold over decades—not in the immediate 5-year cycle.

 

Short-Term Strategy: Long-Term Investment Now Extremely Risky

In the current fractured world order, long-term investments—by individuals or institutions—are hazardous. A global recession or depression is likely by 2028, with paper assets poised for a collapse. However, if geopolitical escalations are avoided, equities and base metals may experience a bull market from mid-2025 to 2028.

Hungary and Slovakia are likely to resist full EU alignment and avoid deeper conflict involvement. These countries, being semi-detached from Brussels, may serve as safe havens during broader European turmoil.

 

Individuals should prepare immediately. Stock deep freezers, convert garden space into vegetable beds, and plan for prolonged food cost spikes. This is a practical, immediate defense against inflation and disruption.

Reference:
Simon Hunt (September 9, 2025) - Elite Insiders Preparing For 2 MASSIVE Events Coming In Months (here's what they are).(video)

See also: 

Simon Hunt (January 12, 2025) - Markets Amidst Trump 2.0: Geopolitics & Geoeconomics in 2025. 

Simon Hunt (September 9, 2025) - 10-Year Treasury Yields over 10% by 2027. (video)
Simon Hunt (September 4, 2025) - Sobering Outlook on the next Global Reset: Crash before 2027. (video)
Simon Hunt (September 1, 2025) - Global Economic Outlook: Europe’s Destiny, British False Flag Event, and BRICS. (video)

Tecnología Futura (August 31, 2025) - China's new weapon that could destroy the US in seconds. (video)

Europe's Debt Ponzi Scheme 2.0—Default or Forced Loan | Martin Armstrong

During the Panic of 1893, which became a global contagion, Italy couldn't roll over its short-term debt, as it was unable to sell new bonds to pay off maturing ones. When faced with circumstances similar to what we see today, Italy did not officially default in the classic sense of failing to pay. Still, it executed a coercive debt restructuring that is widely considered a selective default or soft default in 1893–1894. This is what we refer to as a forced loan.

» We are living in a perpetual Ponzi scheme. « 

 

Italy was facing a run on its short-term debt and unable to roll over the maturing paper because there were no buyers. The Italian government, led by Prime Minister Francesco Crispi, did not formally declare a default. Instead, it passed a law (Legge 11 luglio 1894, n. 386) that forcibly converted the short-term Buoni del Tesoro into a new long-term bond. The law mandated that holders of the short-term Treasury notes could not be repaid in cash upon maturity. Instead, they were forced to exchange their maturing short-term paper for a new long-term government bond, called the “Rendita Italiana 5%” (5% Italian Annuity).

Where inmates run the asylum, insanity rules.

This new bond had a 5% coupon but was issued at a price below par (effectively giving a higher yield to compensate, somewhat, for the forced nature of the deal. Crucially, it was a perpetual bond, meaning it had no final maturity date.

The Italian government unilaterally changed the terms of its debt. Investors lent money for 30 days, expecting to be repaid in cash at the end of that term. The government broke that promise. Investors had no choice. They could not get their cash back; their only option was to accept the new long-term instrument. While they received a new security, it was illiquid (perpetual), and its value was uncertain. This action caused significant financial losses for many Italian banks and citizens who held the paper.

I would expect that Europe will do this when it can no longer issue new debt to pay off its old debt. We are living in a perpetual Ponzi scheme. There is only one way this ends, and that is a default or a forced loan. 
 

Reference:
Martin Armstrong (August 28, 2025)  - What Happens When Governments Cannot Sell Their Debt?

 

» Europe needs war as a distraction, and stablecoins are, in fact, war bonds. « 

 Martin Armstrong, August 28, 2025.

 

See also:

Martin Armstrong (July 17, 2025) - Trump’s GENIUS Act Sets the Stage for US CBDC.

 Martin Armstrong (March 21, 2025) - Europe's Date with Destiny: Collapse by 2029 is Inevitable.

Martin Armstrong (March 1, 2025) - Europe Will Go to War around May 15, Lose, and Euro Will Become Extinct.

TPR (March 11, 2025) - The ECB's Dystopian Digital Euro Dictatorship Set to Launch in October 2025.  

War in Europe is Coming—The Living Shall Envy the Dead | George Galloway

The specter of NATO's war against Russia, expanding from Ukraine into the European Union, looms large, and the warnings couldn’t be more dire. While escalating tensions, particularly around Kaliningrad and in the Baltics, signal that a direct military confrontation outside of Ukraine is increasingly inevitable, Western leaders still believe they can defeat Russia. 

 

» 100% Chance of Nuclear War.«

Martin Armstrong, July 21, 2025. 

 

French President Emmanuel Macron continues to advocate deploying troops to Ukraine, seemingly under the illusion that NATO could swiftly overpower Russia and seize its estimated $75 trillion in natural resources—oil, gas, gold, diamonds, uranium, metals, rare earths, fertilizers, and timber—everything this globalist branch manager recently wrote off in Africa. Former Estonian Prime Minister Kaja Kallas, now High Representative of the European Union for Foreign Affairs and Security Policy and Vice-President of the European Commission, has even suggested breaking up Russia because it’s "too big." These ideas are not just impractical; they are insane.

 

» Collective West ready for nuclear war with Russia: Only question is, where will the new Hiroshima and Nagasaki happen? «
Following a 'highly provocative' spree of tweets from former Russian President Dmitry Medvedev, on August 1, 2025,

US President Trump ordered nuclear submarines with Trident missiles to target Russia.

 

» The US is a rogue state that can't be trusted. «

John Mearsheimer, August 3, 2025. 

 

Most chillingly, the shadow of nuclear war hangs over this crisis—a scenario so catastrophic that, as George Galloway unmistakably put it, the living shall envy the dead: "The war in Europe is coming. And we have no plan B and nowhere to go. In any case—in a nuclear war, which is how it would end—the living would envy the dead. Far better to perish in the first flash of the blast than to crawl through the ruins, dying slowly, in agony, a zombie in the aftermath. We have nowhere to go."