RE: Billionaire Donald Trump Says Fake Markets Will Collapse on January 1st
Is the market based in unreality right now? Yes. It has been for decades. Has it ever truly collapsed? Not really. The belief, faith, loyalty and trust of people is still there for a new bubble to be created each time a previous bubble pops. The real collapse has not occured yet.
Also, every year, there is the BS about "jubilee" or "shemitah" blah blah, every year people are saying it will collapse on this date or that date. By now, people should realize you can't actually predict the future. It's just sensationalist hype and gets people into a fear mode.
People have been in a fear hype since the 70's who prepare for the end of the economy, and they have been prepping for decades. We don't know when it will happen. Things can get recycled back into another prop up and keep going.
Take care. Peace.
Supposedly something like 3,800 fiat currencies have collapsed, their average lifespan between 27-39 years (opinions vary). Why would the dollar be special? If the US economy were someone’s household economy (give or take a bunch of zeros) what prognosis would you give? Even if you don't believe in a worst case scenario is it wise to have no plan for it?
We are living in unprecedented times because the whole world is on a fiat standard, unlike the past few thousand years when some kind of metal standard was in place. There is no telling how long they can keep the game going, even though the crash is inevitable.
Everything is inevitable, given enough time.