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RE: The Collapse Will Be Driven By A Credit Collapse, Has The Date Been Set? - Episode 1315a
I think predicting a date is a pointless exercise. While I believe the global economy is set up for a fall, central banks can keep it afloat far longer than we would ever expect. All we can do is prepare ourselves and look for the signs that it is happening. Hopefully if we can recognize it, we can make our final preparations...like clearing out all our cash, getting last minute supplies, filling up the gas tank, etc.
Clearly no one knows for sure. It is hard to imagine that our house of cards will stand, yet the central banks learned something from Japan after their meltdown. Back then it seemed like the near zero interest would eventually stop, but here we are decades later.
But Dave is right too, be prepared.
Yes, the lost generation of Japan had a lesson we could learn from...unfortunately the powers that be either don't care, or they were too ignorant to heed the warning. Of course, being the reserve currency of the world, we have more to lose than Japan did back then. Be prepared for a 20% standard of living drop, at minimum.