I was thinking about how the problems of falling birth rates + having insurmountable national debts, have effected the nearly all of the developed world, and I wondered, has there ever been a point throughout history in which we have been in a similar situation? Not in regards to the birth rates or debt in specific, but a situation in which the entire developed world has a shared internal societal problem not directly caused by conflict with another nation. Not including regional famine, plagues, natural disasters, etc.
THE XIII CENTURY BEFORE CHRIST; THE V, XIV, XIX, XX, AND XXI CENTURIES AFTER CHRIST.
The crisis is still ahead of us. Just like in 1929—and in every major financial crisis throughout history—the markets try to lure people into investing all of their savings in stocks and other financial assets. But capitalism was built for a growing population, not a shrinking one. Sooner or later, the whole system will break under the pressure. As always, gold will be the ultimate safe haven. Some wealthy people will become even wealthier, while everyone else pays the price. We are about to experience a transformation comparable to the Industrial Revolution.
