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RE: Billionaire Donald Trump Says Fake Markets Will Collapse on January 1st
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.