Michael Cowan: France’s Debt Crisis is Spreading Faster than Thought

France emerging as a significant point of concern for international economists Recent data suggests that France’s escalating debt crisis could potentially serve as the catalyst for a new European sovereign debt crisis. This is not merely a localized issue; bond markets across the developed Western world are currently flashing a “code red” signal. As government indebtedness reaches historic highs, rising yields and interest rates are putting immense pressure on the traditional fiat currency system. Historically, fiat currencies have a track record of volatility over the long term, and the current fiscal environment is testing the structural integrity of these systems…