I don't think the world economy will collapse because the majority of people are either too removed from sound economics or involved in the scam that is taking place in many national economies. Most governments are not held to sound financial policy and the governments are spending more than they should year after year. In my country, our politicians have faux debates on 'raising the debt ceiling' which means continuing the practice of spending more than they take in taxes. They have a partner in this scam, the central banks, that are more than happy to print up (or electronically fabricate) more money. There are some people that are fearful of what will happen when the world figures out what is really happening. The problem is most of the world is like us, struggling to make ends meet and not enough time to spend tackling big issues outside of our day to day existence.
RE: Will the world economy collapse in the next 10 years?
I don't think the world economy will collapse because the majority of people are either too removed from sound economics or involved in the scam that is taking place in many national economies. Most governments are not held to sound financial policy and the governments are spending more than they should year after year. In my country, our politicians have faux debates on 'raising the debt ceiling' which means continuing the practice of spending more than they take in taxes. They have a partner in this scam, the central banks, that are more than happy to print up (or electronically fabricate) more money. There are some people that are fearful of what will happen when the world figures out what is really happening. The problem is most of the world is like us, struggling to make ends meet and not enough time to spend tackling big issues outside of our day to day existence.