I wonder if the economy is truly on firm footing. Since the industrial heartland has been stripped starting in the seventies and excessive financialization of what remains from the 80s on wards. After the collapse of 2008, the only thing that keeps the economy up in any meaningful way is the global central banks infusing play money into the system and building an illusion.
As long as the world is willing to go along with this illusion, it's not a problem. But once that confidence is lost, I dread to think what will happen.
I think that once the baby boomers enter into retirement en mas and start impacting on pension plans that are not likely to return to its participants what they were expecting and health services and selling their real and financial assets(stocks, bonds etc..) to finance their
retirement life, real valuation will implode.
People living in cities are especially vulnerable as all their daily means of existence relies on outside sources. Water, food and every other essential is trucked into cities. Anyway, it may take 10 to 15 years but I hope there is a way out this mess.
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[ 2.0 ms ] story [ 12.7 ms ] threadAs long as the world is willing to go along with this illusion, it's not a problem. But once that confidence is lost, I dread to think what will happen. I think that once the baby boomers enter into retirement en mas and start impacting on pension plans that are not likely to return to its participants what they were expecting and health services and selling their real and financial assets(stocks, bonds etc..) to finance their retirement life, real valuation will implode.
People living in cities are especially vulnerable as all their daily means of existence relies on outside sources. Water, food and every other essential is trucked into cities. Anyway, it may take 10 to 15 years but I hope there is a way out this mess.