G7 is restructuring its debt

Italian and Spanish bond yield is at 14 year high today, Public debt of Italy is $2.35 trillion, public debt per person $39227.92, public debt as % of GDP is 117.40%. Spanish public debt is $ 803 billion although public debt as a percentage of GDP is only 59% but its debt is increasing every year by 13.8% so investors are asking for more.

For me, what is going on in the bond market or money market or for that matter with Euro are just the knee jerk reaction of uncertain investors. But when I zoom out and evaluate the entire picture, I understand that although its more of a Euro zone phenomenon but its a global drive, consider the case of raising debt ceiling limit in US, or Japan domestic debt or debt in the third world country. All these countries are making huge interest payments and the debt trap is squeezing their breathing space i.e. they left with little money after paying interest and that is fill by taking more or newer loans.

The drive is that your debt is already high and if you want more money, you need to do what we want you to do. Who, this we could be? your guess is as good as mine but this could be "Bilderburg"could be not. I understand that a global kingdom is already in place, which controls the money flow and natural resources. They outsource top leadership on condition, who would let them to do more of what they want to do.

I found another interesting point, budget deficit force countries for austerity measure but just think about it, humanity has been guided  toward such a living, where medicare, medicaid and other such things are part of life but the drive would take most of the benefits and citizens would have to pay for these benefits from their own pockets.