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Dr.Who

4,679 Posts.

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16/10/19

11:29

Post #: 40905969
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Originally posted by Crom Valen: ↑

Your world into chaos, despair and destitution for all, rioting and misery remains illusive. How long will you have to wait before celebrating global misery?

Don't be so hysterical Doc. You are engaging in outrageous scare-mongering. The world has gone through depressions, recessions, stock market crashes, a Global Financial Crisis, the collapse of the US housing market. Fiat currencies come and go, monetary systems fall and rise.

When the structural bubbles finally implode, and asset prices re-set, yes there will be a lot of losers. But also many winners ready to sweep in.

So it won't be all a pack of miserable losers as far as the eye can see, just those people who have taken on far too much debt and put all their eggs in the 'stawx and propertee' basket.

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Phew! That's a relief. So fiat money will continue to do what is has always done and provide an efficient means of transaction.

Standards of living to march on. Thank you Crom.
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