A 08 style crash seems likely at this point, and Trump’s volatile policy could act as a catalyst for the unraveling of the economy. For example, if he restarts trade war with China after 90 days ceasefire expires that could act as an economic shock that creates a panic in the markets.
While money is a social construct, it still represents obligations within the rules of the existing social system. In that sense it’s very much real. If financial entities end up with bad debt they cannot service then it will make them go out of business, people will lose jobs, and so on.
A 08 style crash seems likely at this point, and Trump’s volatile policy could act as a catalyst for the unraveling of the economy. For example, if he restarts trade war with China after 90 days ceasefire expires that could act as an economic shock that creates a panic in the markets.
While money is a social construct, it still represents obligations within the rules of the existing social system. In that sense it’s very much real. If financial entities end up with bad debt they cannot service then it will make them go out of business, people will lose jobs, and so on.