It will take generations to get past the people who have drunk the Keynes Kool Aid.
It will take even longer to get past the investment advisers and business management who have been educated in the Marxist steeped educational system. They have been ingrained into the business culture. That is on top of the normal fare of nepotism and insider dealings that plague most large businesses.
But it's not all bad news. Some people became fabulously wealthy in the Great Depression. Whatever version of crypto that survives the gold rush of stupid investors will be a great means for transferring money like remittances rather than the graft and illicit money laundering that currently plagues that world.
There will be a huge influx of homes available on the market when people figure out that Air BNB and such is not going to be the financial dream that they expect it to be and find out that there is no such thing as "Passive Income". Property development and management is a lot of work and not a huge return on investment. That and there will also be a huge number made available when the people who have bought more than they could afford start missing their mortgage payments.
There will be some hard times coming but I believe that the US is probably the most likely to be the highest ground to escape the rising flood of problems that are coming in the world. As long as you are not in debt....
It will take generations to get past the people who have drunk the Keynes Kool Aid.
It will take even longer to get past the investment advisers and business management who have been educated in the Marxist steeped educational system. They have been ingrained into the business culture. That is on top of the normal fare of nepotism and insider dealings that plague most large businesses.
But it's not all bad news. Some people became fabulously wealthy in the Great Depression. Whatever version of crypto that survives the gold rush of stupid investors will be a great means for transferring money like remittances rather than the graft and illicit money laundering that currently plagues that world.
There will be a huge influx of homes available on the market when people figure out that Air BNB and such is not going to be the financial dream that they expect it to be and find out that there is no such thing as "Passive Income". Property development and management is a lot of work and not a huge return on investment. That and there will also be a huge number made available when the people who have bought more than they could afford start missing their mortgage payments.
There will be some hard times coming but I believe that the US is probably the most likely to be the highest ground to escape the rising flood of problems that are coming in the world. As long as you are not in debt....
The US is the prettiest lady at the ugly lady ball. indeed