Wilhelm_Apologist on Nostr: I got one thing wrong in my video "Canada is not yet lost," which is that a market ...
I got one thing wrong in my video "Canada is not yet lost," which is that a market crash like the ones of 1929 and the 1970s can't happen in the same way today because of how easily those invested in the markets have access to real time information. NOW, it is possible for a market crash to happen because of other political reasons, but a crash which is purely economic in nature is extremely very unlikely. It's possible there won't huge sudden drop in the standard of living, things are just going to get worse for a long time. This isn't necessarily a bad thing for political change, it just depends on how you work with it
Published at
2023-12-26 21:37:37Event JSON
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"content": "I got one thing wrong in my video \"Canada is not yet lost,\" which is that a market crash like the ones of 1929 and the 1970s can't happen in the same way today because of how easily those invested in the markets have access to real time information. NOW, it is possible for a market crash to happen because of other political reasons, but a crash which is purely economic in nature is extremely very unlikely. It's possible there won't huge sudden drop in the standard of living, things are just going to get worse for a long time. This isn't necessarily a bad thing for political change, it just depends on how you work with it",
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