Sorry and maybe I am overstating, but did you think this egregious socialism was free ride forever?

The majority are dependent on the government and debt. When those are defaulted, the majority are unfunded. For example in the USA (and apparently Europe is worse) the government has $200 trillion in actuarial (Net Present Value) constituent liabilities, yet even if we confiscated every asset in the USA, it wouldn't reach $200 trillion.

As far as I can calculate in my mind, mathematically there are only two possibilities.

1. We default on these obligations and debts, thus the majority will be impoverished. We could then rebuild faster as capital would be freed up to invest.

2. We avoid austerity and defaults by stealing all the capital to sustain the socialism, thus impoverishing everyone over time and sliding towards a Dark Age.

My assumption is the powers that be prefer #2, because it maximizes their gains in terms of political transfer to global institutions such as the IMF and it maximizes the relative stature of the multi-nationals versus the millionaires who can be fleeced with the socialism of "99% versus the 1%" (which actually means the 1% elite and poor against the upper middle class).

For example all the environmentalism (and feminism) crap was set into motion (by Rockefeller) a long ago as the 1972 U.N. Convention on Human Environment, so now the elite will reap the rewards as they can set these carbon taxes against the millionaires and businesses, and these turtle habitats against ranchers, etc.. Watch Texas's sovereignty become shredded.

I don't see what can resist this outcome. This is perfectly set up by the global elite to slide into the abyss. The forces that would resist this are all gone, because the masses have been converted into socialists.

Sorry but I think Armstrong is entirely missing the point of how serious this is.

Welcome to 1984 in 2032. But first we have to burn all the bridges.