Ask HN: Do you think this is the start of the new financial crisis?
2008 was bad.<p>This is much worse, in my opinion.<p>At least the loans were backed by real property in 2008. Homes that will have value and in fact have came back way, way more valuable than the bottom of that crash.<p>What we have now is a crash in financial instruments themselves.<p>It&#x27;s about supply and demand. The USA has been printing up dollars like crazy since the beginning of the Covid pandemic. Simple supply and demand. More money created, less value money is worth.<p>History is littered with governments printing too much money, , and their entire civilization comes down.<p>Even Rome, mighty Rome, was brought down by printing up too much money. Other shit, too, but mainly printing too much money. They don&#x27;t tell you this, but there ya go.<p>.<p>Will we pull out? Hope so. Just like in 2008 - we managed to pull out of it.<p>But 9 lives, folks. We&#x27;re using them up.