While central banks and governments around the world threw everything they have at the problem, their only accomplishment is that they were able to kick the can down the road a little bit further. We may now well be at the end of that road, and as Dave Hodges of The Common Sense Show notes in his latest article, perhaps it's time we stop looking at the problem as an event or set of events that will take place at some point in the future. According to Hodges, "what's coming is here."

Things are much worse that they appear. We are entering a time of unparalleled peril. Economic collapse is here and is underway in many parts of the economy.

"Europe is on the verge of collapse" –George Soros