Source for this article is Israeli news. Sharing because this is the the complete opposite of what has been said to us by american media the last few hours while the markets get manipulated. We will find out in the coming hours/days but figured to share what this other side is reporting
To be perfectly frank, with the system we had set up, that was inevitable. It would have been better if it happened 40 years ago, better to happen now than in another 40 years.
Clearly, if one point of failure causes it to collapse within a month, the system was not stable. There was no other path but collapse of the global economy.