This has been going on for longer than either of us have been alive, and 'the correction' is still nowhere in sight. Instead, it just keeps getting fucking worse. It's been one direction, ever further left, every year, for over a century.
There has been no correction in all that time. Why do you think you're gonna live to see one?
I think we're talking about two completely different things.
Perpetual inflation can be maintained for quite a long time when you reset the entire financial and monetary system every 40 years, and re-organize it. That's happened multiple times since 1900.
When I say correction, I mean a major economic correction, like a massive recession that is going to destroy a fuckton of wealth by eradicating a swath of the debt/currency. The last time that happened was 2008, and I think the next one is going to be much bigger. I think we are already in the beginning stages of that correction.
It sounds like you think I'm saying that there will be an incident where the fiat currency will re-value to it's full, pre-inflationary, value. However, I wouldn't say that, that basically hasn't ever happened in history. Instead, what happens is the fiat currency becomes effectively worthless, and a monetary reset has to occur, or a new currency has to be introduced, and I think that's going to happen by 2030 at the latest because this recession will probably smash the current petro-dollar system permanently. The whole thing nearly killed itself in 1998, and was staved off in 2001, and then staved off in 2008, and the long, slow, barely moving recovery that took until 2014 was a way of staving off a collapse again.
The US fiscal and currency system is dying, and that's why the global elite are pushing for a Great Reset. The introduction of Central Bank Digital Currencies is exactly what it's about because the current monetary system can't be maintained.
The only thing close to a "full re-valued correction" would be a termination of a fiat currency for the US and the introduction of some kind of metal or block-chain based currency that the government doesn't have the right or power to adjust. Those kinds of currency changes have happened in the past, but normally happen after pretty much total economic collapse (like the old US Continental Dollars, prior to the creation of the constitution).
The problem I see is that the recession could very quickly turn into a depression, and such an outcome could happen. Not that it will, but that it could. I couldn't say that about any other economic situation in the US after 1933. Between 1933 and 2016 there was a 0% chance of that outcome. 2016-2020, there was a 1% chance. I think from 2020-2030 it might be a 10%-20% chance.
So, what you're thinking could happen, but it wasn't what I was talking about.
Well, when's it fucking coming?
This has been going on for longer than either of us have been alive, and 'the correction' is still nowhere in sight. Instead, it just keeps getting fucking worse. It's been one direction, ever further left, every year, for over a century.
There has been no correction in all that time. Why do you think you're gonna live to see one?
I think we're talking about two completely different things.
Perpetual inflation can be maintained for quite a long time when you reset the entire financial and monetary system every 40 years, and re-organize it. That's happened multiple times since 1900.
When I say correction, I mean a major economic correction, like a massive recession that is going to destroy a fuckton of wealth by eradicating a swath of the debt/currency. The last time that happened was 2008, and I think the next one is going to be much bigger. I think we are already in the beginning stages of that correction.
It sounds like you think I'm saying that there will be an incident where the fiat currency will re-value to it's full, pre-inflationary, value. However, I wouldn't say that, that basically hasn't ever happened in history. Instead, what happens is the fiat currency becomes effectively worthless, and a monetary reset has to occur, or a new currency has to be introduced, and I think that's going to happen by 2030 at the latest because this recession will probably smash the current petro-dollar system permanently. The whole thing nearly killed itself in 1998, and was staved off in 2001, and then staved off in 2008, and the long, slow, barely moving recovery that took until 2014 was a way of staving off a collapse again.
The US fiscal and currency system is dying, and that's why the global elite are pushing for a Great Reset. The introduction of Central Bank Digital Currencies is exactly what it's about because the current monetary system can't be maintained.
The only thing close to a "full re-valued correction" would be a termination of a fiat currency for the US and the introduction of some kind of metal or block-chain based currency that the government doesn't have the right or power to adjust. Those kinds of currency changes have happened in the past, but normally happen after pretty much total economic collapse (like the old US Continental Dollars, prior to the creation of the constitution).
The problem I see is that the recession could very quickly turn into a depression, and such an outcome could happen. Not that it will, but that it could. I couldn't say that about any other economic situation in the US after 1933. Between 1933 and 2016 there was a 0% chance of that outcome. 2016-2020, there was a 1% chance. I think from 2020-2030 it might be a 10%-20% chance.
So, what you're thinking could happen, but it wasn't what I was talking about.