Todd Wood shares how the unsustainable increase of any country's sovereign debt can affect its economic development and military might. Wood explains the relationship between the bond market, the resolutions and influence of central banks, the currency system and the fluctuations of international interest rates. Also, he comments which are the indicators that send information and signals about the economy in both short and long term periods. Finally, Wood mentions what are the possible effects that could happen if there is no political reform to regulate sovereign debt.