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Central banks and governments are performing "QE" more aggressively than ever before. So it's clear we'll never see an abandonment of credit expansion.
Instead, the world is now in the final stage of credit expansion which will lead to currency collapse and “total catastrophe of the currency system involved.”
Sadly this is totally unavoidable.
So what does that mean? What will happen? How will people be affected? What can you do to prepare?
It means that credit expansion has its limits, and those limits are quickly being approached.
Economic Armageddon.
They will be greatly impoverished. The American standard of living and consumption will collapse.
Educate yourself on the financial and monetary system so you can decide for yourself the best course of action to take.
What’s the exact limit of debt to gdp where you think this collapse will occur? What’s the limit?
Economic Armageddon meaning what? For example, countries like Japan and Germany had their infrastructure reduced to ash and came back even stronger. The U.S still has its fully in place. How far do you think it will fall? For how long. Longer than japan and Germany?
Americans will be impoverished? In what way? Compared to the rest of the world? Compared to who? Because right now, we have 20% of the global economy with 4% of the population.
It seems to me that you’re the one who needs education about the world financial system. The dollar has no challenger. The other major players are major allies in the euro, Japan, and U.K. spheres.
Last edited by Thatsright19; 05-15-2020 at 08:55 AM..
Central banks and governments are performing "QE" more aggressively than ever before. So it's clear we'll never see an abandonment of credit expansion.
Instead, the world is now in the final stage of credit expansion which will lead to currency collapse and “total catastrophe of the currency system involved.”
What’s the exact limit of debt to gdp where you think this collapse will occur? What’s the limit?
Homogeneous societies like Japan apparently can tolerate a high debt ratio. IMO the limit for a country like the USA will depend on our confidence in institutions. Seems to me that confidence has declined rather precipitously in the past month or two.
“Reinventing Collapse” by Dmitry Orlov gives an interesting perspective on the subject of superpower collapse. The circumstances for the breakup of the Soviet Union were different than what we see today in this pandemic crisis, but there are similarities in the reactions of the people and local governments.
Peter wrote this fear porn novel in 2012 urging everyone to buy gold, here we are 8 years later and gold is lower than it was in 2012 and if you invested in NDX you're up over 220%, SPY over 100%.
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