I am forecasting a financial crash that makes 2008 look like a mosquito bite.
US debt 2008 $3 trillion 2021 $28 trillion
China debt 2008 $12 trillion 2021 $45 trillion
The whole recovery from 2008 has been held up by massive debt. Countries have purchased economic growth with debt.
The level of economic unsuitability has reached levels in the world that countries are transferring the currency to USD . Some countries are in a currency crisis as their currency has lost 80% of value. A flash crash is always deflationary short term for all commodities, this become obvious in 2008.
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