I do not think there is a coming financial crisis. Some countries seem to be collapsing such as Venezuela and of course Greece had some serious problems. The big problem with these nations is too much socialism in my opinion. I feel very positive on the global economy and I think Crypto will be the future. Not necessarily current cryptos but soon we will see Nations create their own. Inflation is not always a bad thing and actually can help stabilize and grow an economy. For example China creates their own inflation to better compete globally and it has worked until now. The US is beginning to fight back so that we keep our place as the worlds most important consumer economy.
RE: Financial Crisis that is Looming on us.
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Financial Crisis that is Looming on us.
IMHO, rising debt is a serious concern. If you're familiar with Ray Dalio's simple machine analogy, it's quite apt here. Eventually, the debt becomes unpayable, at which point the theoretical structures you've built on top of this unpayable debt collapse. This is a simple debt cycle and we have had a recession once every 5-10 years for the last 100 almost.....It stands to reason there would be a correction in our future.
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