The Great Reset | World Economic Forum not an answer to your general questions @Nigel, looking forward to seeing what @Antifragile has to say about that, but this is interesting reading on “The Great Reset”
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I agree completely. I think covid has been used as the cover to print money like crazy not only to compensate for the virus impact but offset the other problems/imbalances. The only question is whether we “see” deflation before inflation takes off. The PM moves would indicate that unlike 2008 that the answer is “no”. Perhaps the money printers are ahead of the curve this time. But maybe there will be another down wave first. Probably depends on how soon a vaccine comes out and whether further stimulus is rolled out.
That’s why I see them killing cash. If no one can use cash or pull cash out, then the shenanigans can go on infinitely, even infinitely negative interest rates.
George has an amazing ability to break the complex down into digestible chunks. He has great guests on and covers exactly these issues.
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@Antifragile what you are describing here is what is making me wonder if it is possibly one of the best times to use debt as leverage in say buying multiple properties. Once inflation really kicks in and your payments are locked in and prices and wages increase across the board, those payments just continually shrink down to almost nothing. As long as you are solvent before the inevitable deflation bubble pop in likely a few to several years, you’ve done quite well. Assuming it plays out that way.
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Nice, I’ll check him out. Thank you. If you’re into podcasts I like the Wealth Formula podcast pretty well.
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You’re welcome. I will check it out for sure. Love podcasts. 
Thanks
PS George has a podcast as well. So you don’t need to do see him on youtube.
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It seems it would take much much longer
Ah there you are my little ray of sunshine 
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Way too much fear being tossed around here. Whether we like it or not we have been living on digital money for a long time already. It doesn’t matter that we do or do not print actual cash. The only reason fractional reserves mean anything is if people 100% need cash to pay for things. They don’t. If you want to use “cash” use a debit card and banks in the US will not collapse because the argument being posed here is really which form of money, physical cash or numbers in a bank account has more qualities that make it fiat. Inflation may occur, credit markets may go upside down but at the end of it if no one trust the USD, then we don’t have a financial system. Reading some of this stuff reminded me of total doom and gloom guys on financial TV. Let’s pump the breaks.
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If the financial system goes pop, it will make covid-19 and the 2007 great recession look like a walk in the park. Stashing a few gold and silver coins won’t be much use until long after a recovery. Keeping a job and feeding yourself would be a much greater concern.
Fortunately, as covid-19 isn’t the end of the world, it is highly unlikely that the entire financial system will collapse. It is possible, but highly unlikely. I don’t think this era is done yet by a long chalk.
Doom mongers are just that. Planning for today and tomorrow is much better than planning on Armageddon coming, IMO.
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I guess they will try to just muddle along, like Japan is doing for decades now.
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I agree with your point, the only thing I see as a thread now is the USA and especially the EU slipping towards communism (or facism), which would leave everyone holding the empty bag.
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You think we will see 2 decades of suppressed housing asset prices in tertiary cities as well as suburbs of primary and secondary cities? Your statement needs to be met with a qualifier that if you believe what you wrote (some of it plausible) that the majority of falling real estate will be in primary cities as well as all class level of commercial property, primarily class A office space. Your Japan example doesn’t make sense in the US in relation to rental properties or what has been low inventory for nearly 2 years only exacerbated by COVID. It is more likely we see a reset in major cities like NY, San Fran, Seattle ect. rather than blanket real estate stagnation. People also keep forgetting that while the generation with the greatest wealth in the history of the world will pass on and are the current sellers, that estimated 50 trillion dollars in wealth is being passed to their heirs to invest, some of which will be real estate.
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In the US you can get a 30 year fixed rate home loan for 3% or less. Not very inflationary. But it will be inflationary on hard assets down the track. The CPI’s will all say no inflation because they are rigged anyway
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Right. Rural properties are on the rise because of this so is a decent market, at the moment at least.
Japan really is the poster child of the effects of deflation. Much of it becomes psychological and hard to break out of deflation if it really takes hold, so I do expect any response from the FED to be quick and generous.
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You can’t, because Japan muddled along while the rest of the world was thriving and therefore allowing Japan to export. The world now as a whole is in a disastrous situation, no one can pull the world out of this disaster. Gold, Silver and Crypto, there is a mayor wealth-transfer underway.
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I brought another soul on board today. This was their first BTC and MAID transactions ever. Once the project is explain and they can compare to other projects it is an easy choice.
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I would like to buy more but until a week or so ago I thought I could sell if I absolutely needed to as a US citizen. Feels like I’m generally stuck at this point and have no options to do so. Kind of horrible to be honest.
We used coinswitch.co without issue.
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