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RE: DID OUR "WORLD LEADERS" JUST PUSH GLOBAL RECESSION AWAY from our doorsteps?
What I don't think people even slightly understand is how devastating this increasing debt will be in the future. Right now governments around the world are struggling to pay for their massive debt loads with the lowest interest rates in modern history.
When rates normalize the cost of servicing these debts will skyrocket.
Short term added spending may keep the economy moving along, but long term this kicking of the can (yet again) is devastating.
You're very right @thedarkhorse
Generally people do not understand much about idea of printing money and debt based economy. I can only hope that we won't witness all of it crushing down within our lifetimes.
ps. I've heard that in Switzerland they already introduced negative interest rates. That must be insane.
Yours
Piotr
Honestly I don't see how we wouldn't see the house of cards crash down. There are very few governments that are in a position to handle the debt loads they have amassed. I'd rather it happen sooner then later and give my children a chance at a future that isn't strapped with what has to happen. It shouldn't be their burden...heck it shouldn't be mine, but I'd rather bear it then it being their problem.
Hi @thedarkhorse
Difficult times ahead of us.
Thank you for your kind comment. I appreciate it a lot.
Yours
Piotr