This is all gibberish to me. What would this mean to me as a person who does not invest? Price increases? Soaring food prices? Are we talking worse than the Great Depression type fiasco?
“This is all gibberish to me”
Then you’ve understood it completely. It IS gibberish.
Peripheral EU countries have debts they may not be able to repay, that will require deleveraging and re-capitalization.
It’s not the end of the world, any more the Russia 1998 ruble crisis or Argentina’s Bankruptcy were. But it will cause economic pain for those countries and investors.
“What would this mean to me as a person who does not invest? “
You are lucky!
Personally I am 90 percent cash and 10 percent prec metals. No one knows if we will face deflation or inflation, we need to prepare for both. Get out of debt. That is financially. From a prep viewpoint, accumulate 6 month or more in food, have a source for clean water, stockpile toilet paper, meds, etc. Last and not least one firearm with ample supply of ammo for self protection. Most likely scenario is a financial crisis, and a currency reset like Mexico in the 1990’s or recently Argentina. Study what happen with these two nations and what followed. Prepare for bank holidays, limits on ATM, no credit cards, reset of currency.