Just got done reading the Financial Times "trilogy" on China's debt problems.
It appears to me the easy answers are disappearing everywhere. Fiscal and monetary sanity may one day be restored.
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If these huge countries and economies are not immune to these problems what makes our political class think we are?
What is so frightening is that it is not a question of if, but a question of when.. When does a recession become a depression?? Perhaps we shall know more sooner than later .. Don’t look to the government for solutions; the government is the problem and can only offer more failing outcomes.. These are dangerous times and individual preparation has never been more necessary..
The biggest challenge will be surviving as individuals when the basic structures of society have collapsed.
Food supply chains, Dollar devaluation vs. foreign reserves, diminished purchasing power,
lack of basic goods and services.
Governments are undermining systems of supply and demand that have taken multiple centuries to develop in relative mere moments.
They will reap, the world over, as we all will, what they have sown.
Governments are not “undermining systems of supply”.. They are rejecting the economic discipline of the free market pricing system for centralized economic planning.. What is rather frightening is that these government officials and their useless bureaucrats don’t even realize what they are doing.. Is this a conspiracy or outright ignorance?? One can only conclude from experience that the latter is the case.. Once again it becomes apparent that the government is the problem and not the solution..