<oembed><type>rich</type><version>1.0</version><author_name>flix (npub1vx…q78px)</author_name><author_url>https://nostr.ae/npub1vxz5ja46rffch8076xcalx6zu4mqy7gwjd2vtxy3heanwy7mvd7qqq78px</author_url><provider_name>njump</provider_name><provider_url>https://nostr.ae</provider_url><html>If you zoom out, debt defaults, bankruptcies, currency collapse and other &#34;doomer&#34; scenarios happen all the time. On average countries default about 3 times every century.&#xA;&#xA;Of course making short term doom predictions is a mistake. The probability of a one-every-33 years event happening next year is very low. Doomers, just like anybody else predicting the future, care more about clickbait than being right.&#xA;&#xA;Still, we should not discount the possibility of a major crisis happening in the next 10 years. In the 20th century the US defaulted twice (Roosevelt, Nixon)... and it was the wealthiest nation! Others did much worse.&#xA;&#xA;Over the next 100 years the probability of a default is very high. </html></oembed>