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RE: Preparing for Financial Thriving During Global Downturns

in #money5 years ago

Well the short answer is, we are going to have to implement the same austerity we’ve inflicted on places like Greece, or else default on our debts. If we default, our bonds will get demolished and with them all our pension funds. We will enter a very long period of stagflation.

Even through that, which is probably 10 years out, we can individually be positioned to thrive though. So there is never reason to be discouraged.

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