Posted in other forum. Is this true?
You've just hit the main point. It happens because the world economy is a big Ponzi and by the laws of a Ponzi it must collapse periodically when the balloon gets overinflated or inflated. Got it? Inflated = Inflation. What inflates it? the printing of money, the overproduction of needless goods. What blows up the balloon - over-debt of people and governments. The pyramid begins to shake from the base, because there is no one left to feed it /everyone or most are in debt/, then it collapses.... The cycle repeats....
You've just hit the main point. It happens because the world economy is a big Ponzi and by the laws of a Ponzi it must collapse periodically when the balloon gets overinflated or inflated. Got it? Inflated = Inflation. What inflates it? the printing of money, the overproduction of needless goods. What blows up the balloon - over-debt of people and governments. The pyramid begins to shake from the base, because there is no one left to feed it /everyone or most are in debt/, then it collapses.... The cycle repeats....