I learnt my lesson on trying to short it a long time ago! It just goes up over time. Completely manipulated
My theory is that the next bubble will be a student loan crisis. I've known people who've had $100k debts removed, people with $100k debt they have no means of paying off. Who owns all those loans anyway? But, I don't think that bubble will pop for quite some time.
There might be a short term shake out in the next month or so, but I wouldn't sweat it. Trees don't grow to the sky...
what would happen if all the debt in the world would one day just be
cleared by all the governments? some debt is scheduled to be repayed in 20+ years? How does it make sense given debt is increasing every day?
That's impossible. They would have to abolish our monetary system for that to happen. So far as I understand it, anyway.
Or in other words you watched that CNBC documentary about that 2weeks ago...
I have no idea how all the debt in the world is ever gona be paid off?????
I think this is the biggest potential cause for the next and probably the biggest future financial crisis...
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