How long could your family live off a credit card? That’s the question confronting the United States of America and others. World governments have been borrowing to pay for a lifestyle we can’t sustain for over twenty years and the debt is spiralling. Just take out another credit card or print the money and the party will go on forever.
Money was unlimited, everyone was getting rich and valuations for investors always went up. The greatest asset of them all was the tulip and everyone was gambling with them. You could buy a tulip for the equivalent of a few dollars and sell it later for the price of a house! This was the Netherlands in the seventeenth century.