During the GFC I had a friend that was "educating" himself by watching doomsdayer vids on YouTube. He was talking about how "but this time it's different" because people had more credit cards and therefore debt than in any other time in history. He talked about how we would regress to a fiat currency and began stocking up on silver (why silver and not gold I'm not sure), which he still holds and has gone to halve in value.
History has proven things are extremely cyclical. Not because of some mystical force, but simply because economics is not a perfect science and we always over and under shoot. That's just the way it is. But time and time again some people insist on rejecting hundreds of years of evidence - I thought it would be interesting to share stories of these "history deniers".
History has proven things are extremely cyclical. Not because of some mystical force, but simply because economics is not a perfect science and we always over and under shoot. That's just the way it is. But time and time again some people insist on rejecting hundreds of years of evidence - I thought it would be interesting to share stories of these "history deniers".