“forced the entire world to enter the same 5 year debt cycle....”
Study financial history, act on what you learned, and you will make it through just fine.....PS: history records over 3,000 plus paper currencies have come and gone.
* Realize Trade and Commerce has existed for 5,000 years and there is a huge difference between “ money” and Wealth.
They have ALL come and gone.
The dollar is just the most recent. 80 years is a good run based on historical precedent.
We need a “good” war to allow debts to be cancelled or defaulted. (I am being sarcastic...kind of.)
Every President is keen on making sure the default doesn’t happen on their watch. No matter that this has been coming since Nixon...whomever is holding the hot potato when it explodes is going to be blamed.
and yes history shows us it is a cycle repeated time and time againI know a guy his name is Martin Armstrong who traded currencies based on these "cycles" in the 1990s and lost $700 million doing it. That program that he used to trade these cycles is called "Socrates" and Armstrong still sells that as a $150 monthly subscription today.
The world’s been on a ‘charge card’ spending spree for some 50+ years since going off the Gold Standard. Now it’s time to pay the piper.
1970s Central and other bankers: “It seemed like a good idea at the time.”