Posted on 05/22/2021 6:16:42 PM PDT by Roman_War_Criminal
Is the party almost over? Volatility has returned to Wall Street in a major way, and certain investors are getting absolutely crushed. On Wednesday, a trillion dollars in paper wealth had been wiped out during the trading session at one point, but those losses were later pared back as cryptocurrencies rallied. On social media, there has been a lot of weeping and wailing due to the huge financial losses that some people have experienced this week. But if you think that these losses are bad, just wait until you see what is coming later.
In the old days, investors would carefully select the companies that they were going to invest in. The key was to identify companies that had something of great value to add to society and that were being run very well. In those days, strict adherence to the fundamentals would often bring great rewards. Just ask Warren Buffett.
But these days our financial markets are little more than giant casinos. Companies that lose giant mountains of money year after year are supposedly worth billions of dollars, and “assets” that have no inherent value whatsoever are endlessly gobbled up by drug-fueled “investors” that are looking for a way to get rich quick.
(Excerpt) Read more at theeconomiccollapseblog.com ...
headline is complete nonsense ... article is NOT about financial markets, NOT about “financial markets going haywire”, and NOT about “investments” ... the whole article is about nothing more than the sudden collapse of so-called crypto-currencies, which are neither currencies nor “investments”, and nothing surprising about wild gyrations up or down of something not actually worth anything to start with ...
Bingo
bmp
What happened to real estate and precious metals in 2008?
They control things through purposeful deflationary transfers of wealth.
They will not allow Weimar or Zimbabwe - runaway inflation makes existing debt extremely easy to pay off - they want you as a debt slave.
Companies that lose giant mountains of money year after year are supposedly worth billions of dollars.
Price to earnings ratio #1 rule look before leaping.
Warren Buffett bribed obama and Biden and is making billions against the expense of at least 70,000 people in the USA and a similar amount in Canada.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.