First published at 07:59 UTC on November 2nd, 2020.
It is apparent that between COVID, overleveraged companies, consumers, and governments, a crisis such as the one we are presently experiencing will inevitably result in a seachange in the financial realm. Might the United States, along with so many …
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It is apparent that between COVID, overleveraged companies, consumers, and governments, a crisis such as the one we are presently experiencing will inevitably result in a seachange in the financial realm. Might the United States, along with so many other countries running on un-backed fiat currencies, face a fiscal crisis of confidence? When the trusted value of these sovereign currencies reverts to the value of everything fiat, that of zero?
It appears that all economies will be unable to reopen fully any time soon. This means that over-indebted entities will be unable to survive this shrunken economy. This screams that a currency crisis is coming. What can you do now?
All the potentials for this outcome are in play today. Now, let's have this discussion because when it becomes apparent that "it's happening," it'll be too late to prepare oneself and family for the new normal that'll soon descend upon us all.
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