2 ms·
Prepare for the worst, hope for the best. I honestly do not think that all this flux in the banking system is 'The economic burst' (TM) but it will definitely
by NovaDudely 4y ago
Prepare for the worst, hope for the best.
I honestly do not think that all this flux in the banking system is 'The economic burst' (TM) but it will definitely be in the opening chapters of the book on it in a few decades time.
Banks and governments have become very good at figuring out how to put band-aids over band-aids. SVB and the little heart skip the UK had last year are good examples. But the long term conditions they are creating is lining us up for a big drop in the next 5-10 years. When the symbolic claims we have de-laminate from the biophysical world, the drop is going to make a lot of people nauseous. The problems will be inflated to such a size that they cannot be saved in any meaningful manner.
What to do with this information? Beats me!
Personally I am getting the physical assets I actually use, reducing my physical needs were possible and then sitting back like legend of Nero and watching Rome burn while being more like the reality of Nero and helping who ever I can.