- Joined
- Dec 3, 2014
- Messages
- 7,728
- Likes received
- 2,845
- Thanks received
- 605
- Location
- South West
Excessive debt is very different from healthy debt. Excessive debts have ballooned to such a level that no stops to think until a black swan event comes along.
The government would like nothing more for you to all believe the virus is the reason why they'll reset / digitise the currency. And it looks like a buyers paradise.
'excessive' and 'healthy', in your statement above, are not quantifiable and hence mean nothing. They are woolly, vague, meaningless terms.
As for a black swan event, you do understand what this is don't you?
And for your ref, the black swan event here isn't the pandemic, it's the world leaders reactions to it and closing down whole swathes of the world economy. The pandemic was (kind of) forecast; what wasn't expected was virtually every country in the world going into lockdown.
Just for the record, you didn't call this

HTH

