From The Future Tense
''We are only in inning 2 or 3 of the sovereign debt crisis and it will pick up in size and magnitude as we move forward through Japan, the UK, and the United States.
All eyes are on the Federal Reserve and the European Central Bank (ECB) over the next 48 hours to see what their announcements will be. The truth is that easing is going to come continuously from every major central bank around the world during the next three years. There is no other source of money available to refinance $15 trillion in sovereign debt, which does not even include new additional debt (borrowed through deficit spending) during 2012 - 2015 that will be incurred as these economies slow down. The US alone will add at least $3 trillion in new debt issuance during 2012 - 2015 and most likely much more.''
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