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26/06/25
21:10
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Originally posted by Jrowl1:
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If you think there is going to be another 2008 GFC, it's likely not going to happen. GFC was a private sector debt bubble that popped, that type of debt is unstable, it's hard to be backed up properly. The governments have taken over that debt and reflated it, a sovereign government debt bubble (if you want to call it that, I think a different term is needed) is much more stable than a private sector one. That can inflate to infinity, it never gets paid down, it just keeps increasing, even in the times of Clinton and Howard when they supposedly balanced the books, they never really paid overall debt down, they just created a private sector debt bubble and used that to pay down government debt while inflating GDP. We are in a period of inflation and everything points to that, bond prices down, precious metals up a lot in the last 5 years. All you need to do is open your eyes and see where it's headed.
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Old mates been at it for circa 15 months now. Typical HC expert. You can’t reason with folks like that. They know it all and are never wrong. - Stock market crash worst than 1987 - Housing market crash - Recession - You “COVID” traders are going to learn the hard way - Cue the Star Wars doll ROFL!