Anyone not born in the 70βs, GTFOOH. I know shit, I just do.
Discussion
Like how to go to bed early and yell at kids on the lawn? π€£
ππ my shoulder hurts laughing at this
Yup, we've seen this before.
It will probably get ugly - inflation is the only way Gvts seem to know to get down, because they can't raise interest rates massively until everyone agrees the pain is worth it.
Timeline? Oil Crisis of 1973, inflation through the 70's, but it wasn't until 1990(ish) that Uk mortgage rates peaked at 17%.
We could have a 20 year muddling through. Pro Tip - carry your savings in BTC (or land, or even gold) and your debts in fiat :-)