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$247 trillion global debt bomb

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    #11
    Most BIG operations here today, bit the dust once, came back stronger than ever, all around me. Live large, life is short. Heard doomsayers all my life, still has not happened.

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      #12
      Originally posted by fjlip View Post
      Most BIG operations here today, bit the dust once, came back stronger than ever, all around me. Live large, life is short. Heard doomsayers all my life, still has not happened.
      True .... but you also didn't have 10 years of near zero interest rates(to prevent a crash) whittling away at pensions (legislated to hold govt debt as its deemed "safe") along with an influx of baby boomers hitting retirement and a declining birth rate. See the issue?

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        #13
        Everybody owes everybody else so the debt is widely distributed. Probably a debt jubilee and currency reset in the cards. If it goes down, we all do including the elite.

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          #14
          We shouldn't fear the reset because things cannot continue on the current path. How many $80k trucks can people buy.

          try hiring a contractor to do a simple project once and you will be shocked at the hourly wage people assign themselves. Totally out of touch with reality.

          Corrections are usually a good thing in the long run.

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