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RE: Misplaced confidence and taking advantage of economic irresponsibility
if everything goes to hell (which I suspect it will)
Always look on the bright side of life. 😁
There's a lot of talk about going cashless at the moment and going negative interest once everyone has been forced in the banking system. At that point no-one is going to want to leave savings in the bank which whittle away, so I believe crypto could come into its own for savings which won't slowly disappear and are easily converted when needed for whatever you were saving for. Either that, or everyone will be getting even more loans and buying now rather than saving in the bank for it.
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The Germans are pushing neg. int. now and even on 30 yr bonds from what I have heard.
The masses will be buying nonsense, the fools feeding more into stocks to boost the price before the fall - the banks will be investing into what will win.