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This massive collapse will never happen, only isolated pockets that TPTB will quickly extinguish with propaganda and empty promises.
Originally posted by randyvs
reply to post by Realtruth
This massive collapse will never happen, only isolated pockets that TPTB will quickly extinguish with propaganda and empty promises.
Surely, there is a higher and absolutely sinister, intelligence at work in the world. Who could deny it ?
He who laughs last and all that.
My thought is that a currency collapse brought on by a debt default or by going over the line on monetizing debt is what you are asking about. This would be combination of asset price deflation and raw material hyper-inflation happening either simulataneously or in quick succession.
No one on this board can offer a truly confident prediction as this situation has not yet occurred with a modern economy.
Right now, the US could technically tell the Fed to suck it and start printing Greenbacks again (sovereign currency issued by the US government, not the Fed) and eventually pay the debt back pretty quickly while creating prosperity. It may not be free from fluctuation, but then again neither is the current system.