I have alluded to this day in the past by calling it "The Day of the ant and the grasshopper"
For 15 years a lot of people have been screaming at the top of their lungs talking about how the current economic paradigm was unsustainable, and it was just a matter of time before things collapsed.
Between the economic stagnation and the high inflation, there isn't going to be a lot of room to hit the gas like we did in 2003 and 2008, the same can't be done again -- we're about to blow all of our cylinders from all the nitro we've been running through.
For 15 years a lot of people have been screaming at the top of their lungs talking about how the current economic paradigm was unsustainable, and it was just a matter of time before things collapsed.
Between the economic stagnation and the high inflation, there isn't going to be a lot of room to hit the gas like we did in 2003 and 2008, the same can't be done again -- we're about to blow all of our cylinders from all the nitro we've been running through.
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Personally, I think it's already started. Look at what happened in the UK (bondholder freakout resulting in political upheaval and CB printing money while having 10%+ inflation), what's happening in Japan(multiple bailouts of the yen), what's happening in China(even the fake numbers are really low). They're the canary telling us there's already poisonous gas in the tunnel.
Youtuber whatifalthist always says when he's making predictions he's fighting against God because anything can happen so I think I'll take the same disclaimer. I could be totally wrong.
I should also disclaim that "economic collapse" doesn't mean the end of the world, but it'll definitely hurt really badly. I will admit I sort of think main street has already been dealing with an economic collapse for decades.
Youtuber whatifalthist always says when he's making predictions he's fighting against God because anything can happen so I think I'll take the same disclaimer. I could be totally wrong.
I should also disclaim that "economic collapse" doesn't mean the end of the world, but it'll definitely hurt really badly. I will admit I sort of think main street has already been dealing with an economic collapse for decades.