I’ve been wondering how this could all play out.
Imagine a bunch of folks had pieces of paper. Imagine the nominal “value” of those pieces doubled every six months.
Eventually, some of the owners catch on that they’re only getting more or better paper every six months, and decide to turn that into real assets.
Stuff like art, hard commodities, real estate could explode!
Could that happen without the price of a can of Beefaroni going through the roof?
Musical chairs...
If the unloading of the paper goes into the energy sector, we’re screwed!
We’ve had several massive “ kabooms” since the summer of 2007.
They’ve been plastered over with dollars, delusion and propaganda.
This will continue so long as everybody plays nice.
It will end when somebody doesn’t.
Send War in Our Time, Oh Lord.
Where we are heading, those items will have no life-sustaining value. Even the real estate can be confiscated and you can't eat or produce food with the others. Kind of like a billionaire being stranded on a small island with no provisions or shelter - all the money in the world won't provide sustenance.