Electro-Denizen profile image 87

What timescale for real financial collapse?


The 2008 financial crisis was in some ways the diagnosis of an illness. However, apart from printing off more money and borrowing more, no real solutions have been found. Everyday the mega debt bubble, both in the US and abroad gets bigger and bigger. None of these can ever be repaid, unless the Icelandic approach is taken. If nothing is done, when do you think the financial meltdown will really come to pass? And what do you think will happen? Or, do you think our financial systems are repairable, and that there is no imminent meltdown?

 

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Lizam1 profile image81

Lizam1 says

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4 years ago
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    Electro-Denizen 4 years ago

    I think you're right about human resilience and that it'll just be rebuilding but differently

Abby Campbell profile image91

Abby Campbell says

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4 years ago
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    Electro-Denizen 4 years ago

    I see the book of Revelation here, where no-one can trade without the mark of the beast. A top economist was talking about the necessity of moving toward a single currency for the world. So it's definitely not just fantasy. But to be chipped...??


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wqaindia profile image61

Ashok Goyal (wqaindia) says

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4 years ago
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  • Electro-Denizen profile image

    Electro-Denizen 4 years ago

    That's an unusual answer, but I somehow like it for its humor and its possibilities!