Exactly. I had a conference call with my local bank and underwriter back in early July. The underwriter told me of the Central Bank’s ‘solvency crisis’ then. When I tried to warn friends and colleagues, they all scoffed at me. Now the economy will collapse and people can’t believe this is happening.
Those who cannot remember the past are condemned to repeat it. ... Santayana
Folks just need to study economic history to figure out what’s going on. But the don’t, so they are going to get a mighty big shock.