Can the Stock Market Drop by 90% ?
Americans keep reliving the Great Depression just as the Germans relive the Hyperinflation. The analysis in both sectors has been also colored by such events. Neither group dig deeper to try to even understand why such events took place. In the US, the doom & gloom always emerges with the only blueprint being constantly the Great Depression. Overlooked was that money was tangible (GOLD) and thus hoarding “cash” was an escape from both government and the private sector. It was neutral. This is why Roosevelt confiscated gold to end the hoarding and devalued the dollar.