Event Types

Societal Debt Collapse

Societal Debt Collapse

Typically end with big crisis/reset or long-slow decline

4 Great Historic Cases

  • Mesopotamia
  • Roman Empire
  • Bourbons of France
  • British Empire
    • Long slow decline - Britain survived, but the empire collapsed

McKinsey Global Institute has tons of research

  • Looked at 24 over-indebtted societies and what happened
  • In some crsises there are slow declines
    • Stagnant standard of living
    • Declining standard of living
  • In other cases there are acute debt crisis