Martin Armstrong: Neocons Know The “Monetary System Is Collapsing”
Blackstone DEFAULTS! Wall Street’s largest commercial real estate landlord, private equity firm Blackstone, has defaulted on a €531 million ($562 million) bond backed by a portfolio of offices and stores owned by Sponda Oy, a Finnish landlord it acquired in 2018. While Blackstone had sought an extension from holders of the securitized notes to allow time to dispose of assets and repay the debt, the surge in market volatility triggered by the war in Ukraine and rising interest rates interrupted the sales…
