View Single Post
Old 03-19-2020, 04:59 PM
crystalworks's Avatar
crystalworks crystalworks is offline
Join Date: Jun 2014
Location: SA, TX
Posts: 4,796
crystalworks is on a distinguished road
Originally Posted by aureliusmax View Post
Needed the pandemic to pop the debt bubble, trigger a correction in valuations, and get back to a reasonable gold-backed currency.
I was also going to touch on the economic implications but figured I'd sound even more callous. I agree, the equities bubble was just looking for something to correct and the virus has been the pin to burst it. No problem, we'll just print more money.

Not sure it's going to do anything for the debt bubble though. Just destroy the dollar and trigger inflation? Who knows. Will depend how long this thing plays out.
2005 X5 4.4i Build 04/05 Maintenance/Build Log
Nav, Pano, Sport (Purchased 06/14 w/ 109,000 miles) (Sold 8/15 w/121,000 miles)

2006 X5 4.8is Build 11/05 Maintenance/Build Log
Nav, DSP, Pano, Running Boards, OEM Tow Hitch, Cold Weather Pckg (Purchased 08/15 w/ 90,500 miles)

2010 X5 35d Build 02/10
Nav, HiFi, 6 DVD, Sports Pckg, Cold Weather Pckg, HUD, CAS, Running Boards, Leather Dash, PDC, Pano (Purchased 03/17 w/ 136,120 miles)
Reply With Quote

Sponsored Links