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Economies bounce. Boom and Bust cycles have been with us since the beginnings. The lack of regulation though and the rolling back of financial policies in the l
by FussyZeus 9y ago
Economies bounce. Boom and Bust cycles have been with us since the beginnings. The lack of regulation though and the rolling back of financial policies in the last few years have created an environment where a whole lot of people are in a whole lot of risk that they themselves aren't entirely responsible for, and haven't agreed to.
If the next Bust goes as badly as some are saying, that could be the death knell of Fiat currency. This isn't the first time it's been mismanaged to a degree bordering on straight insanity, and it probably won't be the last either.
- mcguire 9y ago"...the death knell of Fiat currency." Could someone enlighten me as top the end game? I mean, after the world economy collapses into a sink hole big enough to destroy the confidence in all national currencies?
- pault 9y agoHow would a commodity backed currency fare better than fiat in an economic depression?