If we look at the economic collapses of the past, from the fall of the Roman Empire to Weimar Germany to Argentina and Zimbabwe, the pattern is extremely similar. Let's have a look at that pattern and ask ourselves if the present situation might not play out much the same.
Read More »Now Underway: A Spiral of Debt Deflation Into a Bottomless Economic Abyss! (+2K Views)
von Mises once said, “There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later, as a final and total catastrophe of the currency involved” and just that is happening before our very eyes. Words: 2242
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