Prepare for a future with less

Micky Mikey

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A great simplification of the global economy will take place in the coming decade. Our standards of living will greatly decrease due to an unsustainable economic system and ecological overshoot.
 

Gully Bull

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Can you simplify what you mean by “simplification” because I simply have no semblance of what you mean

full
 

Bumblebreh

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I think dude is saying that this country can't keep up with the rising cost of living...eventually thinks will go boom and people will start going crazy

Or it could mean that certain currencies could dip and collapse. If a country is in debt, it will eventually have to settle its debt and sell off as many assets.Look at what is happening in third world countries.

And debt often gets sold on. The bank that owns the most assets right now is based in china. Digitalization could simplify things, but it can come with a cost. There is a reason in why financial institutions are investing silly money into bitcoins.
 
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