/biz/ - Business & Finance

>>14763018
>Being so retarded thinking that a massive recession bigger than the Great Depression is coming within the next 10 years won't happen

>>12430769
Bank runs like what's happening in France is not considered or in Greece a few years back? How about 1929? After the introduction of the Federal Reserve in 1914, they started printing more than they had, effectively debasing the currency. This was done even more after WW2 until Nixon defaulted on the gold standard, and made it obsolete. Based on empiral data, the monetary system changes every 30-40 years. 2008 was THE end to the system, but with QE they kicked it down the road. It will come again, but this time when they try QE to stop it, it won't work, and will lead the $ in a hyper inflationary spiral. Also, things like Glass Steagle would prevent bank runs.

>>12329765
I'll come back to you when fiat currency no longer exists.

>>12256916
>but i also see this system works and can work indefinitely.
That's where you're wrong. This system is on the verge of collapse.