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Seven possible causes of the next financial crisis


Law & Liberty/Alex J. Pollock

Repost from 9-16-2021

cartoon showing gold as the go-to asset in times of uncertainty

“It has been well said that ‘The riskiest stuff is what you don’t see coming.’ Especially risky is what you don’t think is possible, but happens anyway … If the next financial crisis is again triggered by what we don’t see coming, the government reactions will once again be flying by the seat of their pants, making it up as they go along.”

USAGOLD note: Of course, the default reaction is to print money, bail out the system, and worry about the consequences later – in that order. Pollock points out that we have had a chain of crises in the 1980s, 1990s, 2000s, 2010s and in 2020. He goes on to list seven potential triggers for the next ……

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