Posted on 09/06/2022 5:03:20 AM PDT by MtnClimber
You don’t have to be a financial professional to recognize that the economic signs aren’t just not good but are, instead, very, very bad.
Like many of you, I’ve seen my retirement assets decline by 20% just since January. So let me state something that I’ve been avoiding focusing on myself. There is no way that a free market, capitalist financial system (the stock market) can do well under the leftist self-immolating insanity that now governs America. (California’s law forbidding sales of gasoline-powered vehicles—you know, the ones that work and are affordable—perfectly illustrates this trend.). I’m not a financial advisor, and can’t give you financial advice, but my common sense tells me we may well be witnessing the early stages of a financial downturn that could dwarf 1929.
Forget “buy the dips.” It’s now time to sell the mini recoveries. The smart money seems to be doing just that. Look at a graph of the Nasdaq since December 2022. I’m not sure where their money is going, but I suspect real estate and hard assets. High-end artwork, for example, they can sell among themselves, so it likely never goes down.
To risk confusing the hell out of you, please don’t buy completely into what I’m selling here. I could easily be wrong. After all, the recent coziness between big tech and the Democrat left is pure fascism (read about Mussolini’s Italy), and could actually work to “protect” certain “favored” segments of the economy. But maybe not.
Hedge your bets. Be smart. Admit you can’t see everything. The Left won’t admit that much, which is its Achilles Heel. Central planning or socialism or Marxism—whatever you want to call it but what we now have raining down on us like volcanic ash—is pure hubris in the final denouement.
(Excerpt) Read more at americanthinker.com ...
The central planners suffer from the Dunning–Kruger effect.
That's exactly right. And every politician and bureaucrat is a central planner at heart...and Dunning-Kruger poster-boy.
“There is no way that a free market, capitalist financial system (the stock market) can do well under the leftist self-immolating insanity that now governs America”
And THAT is the intent, crash our capitalist system, burn it to the ground and create the socialist utopia (that makes everyone dependant on the government) of their dreams......and our nightmares.
What the hell do people think “build back better” means?
Corrupt, neo-communist lawyer morons who never had jobs or owned businesses are in charge.
What could go wrong?
Hedge your bets. Just what does he mean?
The democrats believe “your” life savings belongs to the government
Prevent invasion, ensure domestic tranquility, provide a stable currency.
Our so-called government acts specifically to disrupt or prevent all three.
Cloward-Piven, Marx, Lenin, Stalin, Mao, Goebbels. These are the founding fathers of the Democrats.
I no longer live in the US and am in the process of transferring whatever liquid cash I have available from the US.
the mass debt forgiveness is a prerequisite for mass pilfering of our bank accounts soon enough.
To the author of this piece...
If you have lost 20 percent of your investment capital, I suggest you find a new financial advisor.
After the past 2.5 years of “COVID” and its “vaccine” mandates, it is apparent that the democrats, and most politicians and bureaucrats of either party, believe EVERYTHING you have, including your life, belongs to the government.
And every politician and bureaucrat is a central planner at heart
*************
Big spends all.
Its the only thing they know how to do and their only solution to every problem.
create the socialist utopia
***********
Leftists never see any negative consequences of their utopian unworkable dreams. They believe that the ends justifies whatever means they want to use. Just look at their destructive green agenda.
Signs of the R’s taking back the House may result in a brief market rally in October but the reality is they are not going to do much of anything to counter the onslaught of the central planners. Make no mistake, the R’s are big spenders and believers of big government too. Prepare to be disappointed by them — again.
On Dec 13 when Biden removes Cash and replaces it with Biden Spyware Bucks will he give you 10 cents on the dollar ?
As long as we have a government policy that SEEKS POVERTY, we are screwed. Republican candidates had better start campaigning on this point: “The Democrats’ Economic Policy is to Reduce Your Standard of Living to Third World Poverty.”
The Dems have one overriding desire: seize power over everyone. The false front for this is their obsessions with global social “equity” and “global warming”. This drives their policies to:
1) Destroy individual savings and wealth via hyperinflation. The Man with the Gold makes the rules; the Dems want to strip the People of wealth to render us powerless.
2) End traditional civil liberties (speech, press, self-defense/firearms, no unlawful search and seizure of property, etc). The Dems cannot abide individual Liberty.
3) Have unlimited domestic secret police surveillance.
4) Demonize and end all political dissent.
5) Limit energy supplies, fueling hyperinflation and shortages. They want to stop individuals from moving about without authorization, leaving us with “public transit”, i.e., dependency. “Been waitin’ for the bus all day” will not be just a ZZ Top lyric.
6) Reduce food supply until a crisis forces the public to beg for government handouts.
7) Once the entire economy collapses from all the above, the Dems will declare that “capitalism has failed”, confiscate any remaining provate property, and rule over their slaves.
If you have held cash for the last two years, you have lost at least 20% of your capital to inflation.
Which is why I suggested a new financial advisor.
Whoever this guy is using sucks canal water
Very good piece. Yes, the self appointed Cntral Planners are quickly destroying what Free Markets we had.
And without Free Markets, any chance at wealth creation hecomes vanishingly small. In fact, Wealth Destruction is underway.
“What awaits us is very hard to discern, but, like something large and monstrous moving out of the mist, one gets a sense that something truly wicked (and very long in its birthing) this way comes.”
Yes. I believe it’s unavoidable now. Whether it will be Very Bad or The Worst In History depends on
1. Taking the House, at least. The Senate would be great, also, but The House is mandatory. Pelosi and friends must be ejected from any position of authority.
2. McCarthy actually putting on the brakes. And not just normal brakes. He must throw the Emergency Brake. Shut down, defund. No inkering around the edges.
Because even if we win both the House and Senate, just tinkering around the edges will not stop this runaway train to America’s Destruction. The momentum at this point is enough to put is into a Depression rivaling 1930.
The fedgov must be cut in half. That would stop it in its tracks. Maybe.
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