Posted on 03/16/2021 7:03:37 AM PDT by Onthebrink
I agree.
In 2007, I stopped opening my 401k statements and never checked on-line. I maxed out my 401k contributions and continued to invest 100% in the stock market, primarily the S&P 500.
I greatly benefited from this strategy.
Exactly right. A planned crash to finish off America. Pretty soon a lot of landlords will be going down, then the banks that loaned to them. In the meantime you have millions who are living rent free who will be evicted by the banks. No one will buy the property as scared to rent it out. So banks will be going down right and left.
I guess the millions that are crossing the border can squat in the building and sell drugs.
Prep your heart for eternity and your home for the crash.
The fed will drop interest rates and the treasury will print helicopter money. Oh, wait... S#!+
a bubble of some sort is guaranteed with this amount of massive excess liquidity being artificially pumped into the economy ... people can eat only so much food and buy only so many TVs and cars, and after that, they’ll feel obligated to “put their money to work” ... but unfortunately, it takes a long time to ACTUALLY put money to work, you know building factories and such, so the suddenly rich peasants will fee obligated to “invest” the rest, ...
so what do suddenly rich peasants “invest” in? ... Answer: stuff that is going up in price, you know, stuff like sardines and tulips and dot.com companies selling lead balloons and houses that no one can pay for ...
and the faster stuff is rising in price, the better to “invest” in, right? ... so what will it be this time? probably not what’s bubbled and burst before because even the peasants still remember that didn’t work out so well ...
hey, i got it: co-called crypto-currencies! they’re exploding in price right now even though they’re basically worthless, and even better, no one really understands them, so yeah, so-called crypto-currencies are the perfect vehicle for fleecing the hoi polloi ...
first pump ‘em, and then dump ‘em ... the insiders will of course do the pumping and the dumping, and when the bubble collapses, the insiders will abscond with the more valuable assets while the naive and ignorant are once again left holding the worthless bubble stuff ...
the only good thing about this bubble and bust scenario is that excess liquidity is quickly drained from the economy, and as long as the burst bubble isn’t something that’s actually valuable and useful like industrial commodities, the economic fallout will be minimal ... except of course the government debt, which naturally remains forever ...
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