It's probably not the end of the world, but many countries
Posted on: February 21, 2020 at 22:41:55 CT
JeffB
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have run into such situations that crashed their economies in catastrophic fashion. Sometimes it lasts for a very, very long time.
Argentina, if I recall, was at one time considered the #2 economic power in the world. But they were running a bubble economy and when it finally crashed they dropped off a cliff. They have never really fully recovered.