The last 10 years of "recovery" have themselves been on the back of more and more credit and leverage. Pointing to them as some sort of proof that the system i

The last 10 years of "recovery" have themselves been on the back of more and more credit and leverage. Pointing to them as some sort of proof that the system is not fragile is an error. The system has much more debt than it did in 2007 and is more fragile than ever. The stock market recovery that comforts you was partially due to central banks such as the BOJ and SNB actually buying stocks. That is not normal. What happens if they need to unwind those positions? Sometimes people discuss things at a systemic level, rather than a personal level. The person you are lecturing to deleverage may be debt free, with $5M in Gold in a vault, but still be wistful of a less fragile world economic system.