Inflation is the primary game plan of governments and central banks. Its effects have left their mark on societies throughout history. As the effects of inflation continue to dominate headlines, financial and economic activity is scrutinized and analyzed with the intent of planning, projecting, and predicting it. Most people think they understand inflation – they don’t – but for now, let’s look the other way. There is a triple-decker bus coming straight at us. DEFAULT Default can happen three different ways: 1) Credit default 2) Bank failures 3) Asset price collapse Universal credit default happens when individuals, corporations, and countries …
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