If there is a global financial reset like they are talking about, employed or not, we’re all in trouble. Half the economist don’t want to talk about it out of fear that it’d cause a panic sell of stocks, which in turn expedites it. The other half have been singing it from the rafters as a warning. IF it does happen, your dollar is worthless. Your paycheck regardless of amount will all be equal, the same value, nada. What concerns me is that economist all over the globe are worried about the same thing and are leaning more toward a “when” instead of an “if” it will happen. Thoughts?
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meh…..for 10 years I’ve heard about the “bubble bursting”. Ok, so? It happens every so often, so yeah, no big revelation there.
You have some people with the mindset of never invest “cuz the bubble will burst”. These guys just sit there on the side lines waiting for the bubble to bust so they can swoop in and say “see, I told you so. I didn’t lose anything”.
So here’s your choice.
A.) Never invest, never strive to retire somewhat comfortably and you have zero.
B.) Invest, for as long as you can, work your way up to let’s say 1 million, the mean ole bubble pops, your holdings take a hit and you’re down 50% to 500K.
So you do you want A, zero or do you want B, 500K. Yeah, its hard hit, and it s@cks but 500K is better than zero.
How bad is the private credit bubble? When will it burst?
@ss
your standard of living gets continually worse
the debt continually grows
the wealth gap continually widens
more and more monopolies are being created
like someone who continually uses credit cards to pay for past credit cards
this has to eventually end in a bad way
They have been taking about a financial reset for years yet…
Well here on the US we will have plenty of jobs in the coal mines so just be prepared to adapt.
Look at the UK - they are around 100 years ahead of the US on the curve - nothing drastic will happen unless meteor hits the Earth :D Just gradual decline in purchasing power and selling off existing assets. And the US has a whole continent worth of assets, unlike the UK :D UK lives on fumes and brand now - and unless you are a newcomer you are doing pretty well. Actually, that decline has already started, sort of after the Nixon accord in the 1970s. The only thing that slowed the process was the clever move to start the globalization which increased the demand for dollars. But now that is reverting, so just slow decline, I do not expect the dollar to drop to 0 value overnight....