Don't you think that in case of another crisis (like the one in 2018) majority of regular people wouldn't even "feel it"?
Within past few years I've been in europe and several Asian countries. I spoke to many people and sometimes I would try to figure out if they did suffer during that crisis. And most people didn't even seemed to notice crisis at all.
Anyway I wanted to ask some more important question: don't you think that countries with low debt and low costs of living (like some east european countries) would do well during hard days? It's like having cheap labor, cheap life expenses and "nitro" in the backyard for your car ?
Once the QE starts again, look out!
I'm still failing to understand, what consequences QE would have to the economy in short-term. I know that long-term it will cause inflation. There must be reasons why QE has been invented in the first place. Some good reasons.
Yours
Piotr
I think this coming crisis will be much worse than the one in 2008. That crisis was never resolved. They just printed a lot of currency to re-inflate the stock market and the housing market. That caused more inflation for the average people. Values of houses and stocks went up in nominal terms, but wages didn't. Therefore purchasing power dropped.
In the coming crisis, I think it's going to be similar to what is happening in Venezuela. The dollar is reaching the end of its life. Fiat currencies only survive for so long before they're debased to the point where no one wants them. This will be even more scary because all the fiat currencies are reaching the end of their life cycles at the same time. World debt is at all-time highs and lowering interest rates isn't helping stimulate growth because people can't take on more debt.
I do think that people who are closer to nature and who rely less on the financial institutions will do better through this than those who have most of their savings invested in financial instruments like ETFs and bonds.
I see QE as a sign of things to come. If your ship has hit an iceberg, do you wait until the water reaches your floor before you evacuate, or do you head for the lifeboats with time to spare? That's how I look at it.
Quantitative easing was invented to help re-inflate bubbles and keep the status quo going longer. It just robs the general public of more of their purchasing power through dilution of the currency. It's one of those "tools" the central banks use to take our sweat equity and convert it into more control over our lives.
Wow...
You sure make our Future sound like the United States is heading into some type of Crisis Mode...
We're going to see Prosperity return to the United States of a Sovereign People...
We're not taking the Venezuela Path...
No Hyper-Inflation for US...
We the People are now in Control...
The U.S. Debt will be Paid in Full, including the Interest that People say can't be paid...
We are Removing the Central Bank Owners (Debt) Money and Replacing it with our own (Debt Free) Money...
August 9, 2019... 4.8 Hollywood Time...
You have an amusing theory. With all the people whose publications I read or listen to, I haven't heard anyone who has the same view as you, but maybe that just makes you unique. If you're right you'll get to say that you were the only person who believed it.
Personally, I think it's far too much of a long-shot to put much (if any) hope in that. I'd rather be prepared for tough time and find out I was wrong than to be hoping that the Dollar is coming back. I'm choosing to prepare by using tried and true methods. You do what works best for you though. Good luck!
P.S. If you ever find out about any occurrence where something like your plan happened in history, I'd like to hear about it.
Well... Your Reply is very amusing to me...lol... I wonder how many Original Thinkers have been Laughed at... I am the Authority concerning My Pocket Change Theory... Who else has Written, Read, Edited, Commented and Replied to every Question I found on my Blogs... Over and over and over again...???
So, if you're Comfortable paying the Central Bank Owners, for the "USE" of their Money, feel free to send them a Check, each and every year, after the United States Resets its Monetary System with "Sound Money"... I'm sure the Central Bank Owners will be very Grateful for your Loyalty...
By the way... You won't be hearing any of the Financial Guru's talking about my U.S. Monetary Reset Theory, because none of them see what I see coming... I try to pass it on, and I get laughed at... So be it...
When the Central Bank Owners tell you to Jump, go ahead and Jump...
August 9, 2019... 14.6 Hollywood Time...