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RE: I'm sounding like a broken record

in #economy8 years ago

It makes some sense at "street level," to be sure. More and more people seem to be hanging on by a thread... when the threads start breaking there will be a landslide.

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Many people are hurting all over the world. I'm sure it won't be a pretty sight if and when the system does go.

I doubt it will be very dramatic... more like a slow landslide that never ends; people thinking "It can't possibly get worse!" and then it gets a little worse. Lather, rinse, repeat. A long slow decline (10 years? 15 years?) that pulls all the "empty space" out of the economic system. Almost all "middlemen" will disappear...