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Posted on 09/29/2024 4:02:28 AM PDT by george76
For the last couple of months, I’ve been noting various articles in which very rich people are taking some remarkable steps:
Buffett’s vice chairman dumps over half of his Berkshire shares..
Warren Buffett offloads Bank of America shares worth $982 million in latest sale..
Buffett’s Berkshire offloads Bank of America shares again; total sales near $7 billion..
Berkshire quietly dumps half its Apple shares amid unprecedented selling spree..
Blackrock reveals it’s quietly preparing for a $35 trillion Federal Reserve crisis with Bitcoin..
Jeff Bezos sells another $863.5 million of Amazon stock..
Now, clearly wealthy people are always shifting around their financial portfolios. Still, these activities were unusual enough to warrant media attention. This begs the question, what do they know that we don’t know?
Wealthy people (usually) aren’t fools. They watch the economic climate. It’s (usually) how they became wealthy. And the economic climate they’re watching apparently is worrying them.
Now consider these headlines:
JPMorgan CEO hints at looming crisis worse than recession..
Interest on U.S. debt surpasses $1 trillion for first time ever, exploding August budget deficit to record high..
An economy so strong it requires crisis-level fed action And, of course:
Household debt hits record $17.8 trillion..
Conclusion from all these headlines: Something big is coming, and it’s the little people who will get hurt the most.
...
Everyone is predicting what kinds of bad stuff will happen if Kamala wins. The tax plans and economic policies she’s outlined (including raising the corporate tax rate from 21 to 28% and taxing unrealized capital gains) are making wealthy people nervous.
One hedge fund billionaire said the proposed tax on unrealized capital gains on individuals making $100 million or more was particularly troubling and “would cause mass selling of almost everything – stocks, bonds, homes, art – I think it would result in a crash in the markets and an immediate, pretty quick recession.”
But a Kamala presidency is predicted to impact the lower to middle-class the most. Increased regulations, taxes and inflation always hit the lowest sectors the hardest.
But not as many people are predicting what kinds of bad stuff will happen if Trump is reelected. The Deep State pushback against his leadership is likely to be vicious and could include everything from deliberately crashing the economy to triggering terrorist sleeper cells.
As Trump himself said, “Our country right now is in the most dangerous position it’s ever been in from an economic standpoint, from a safety standpoint.. You could end up in a depression of the 1929 variety. We’re very close to that, and we’re very close to a world war.”
One person noted, “I believe they will INTENTIONALLY crash the economy right as [Trump] takes office. They will intentionally make it worse than 1929, so that he is so burdened and so distracted and in such a hole that even all of his brilliance will take four years just to dig us out and get us back to ‘normal,’ and then they will succeed because he will not be able to get anything else done during that time. All efforts will go towards rebuilding our economy from the rubble.”
...
Even a former FBI agent is suggesting stocking up on three to four months’ worth of food, arming yourself, and clubbing up with neighbors. Again, what does he know that we don’t know?
Something is coming, folks. Something much bigger than we as individuals can fight against. Whether that something is medical, economic, societal, political, or some combination therefore – the point is, something is coming.
Whatever this “something” will be, it’s almost a sure bet it will nullify our constitutional rights of speech, religion, self-defense and other critical issues. Interpret that as you will, but don’t ignore the ramifications. This “something” may also impact your financial security (if it hasn’t already) and even your food supply.
Whatever steps you choose to take, take them now. Something big is coming, and we need to brace for impact. Food for thought as the election looms dead ahead.
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UN Agenda 21 , 2030 , Great Reset, ( Let me know if you wish to be added or removed from the list.)
Some deliberate crash of the economy under Trump is actually one of the worries I have. But such actors would be easy to target if they acted too openly.
When he becomes president, I hope there would be some preventative immediate actions to some move of this kind. However, I don’t know what that would be.
National debt = $ 220 Trillion. = US federal debt plus the states and local debt .
https://freerepublic.com/focus/f-news/4258075/posts
And no mention of Nanzi’s very recent insider trading tip for half a million?
Watch Congress and their insider trading.
Also, Vance already raised the possibility that they do the Liz Truss coup, where the Bank of England and the Treasury and their @sshole cronies in the City created a financial crisis, then refused to act until she resigned.
Definitely greatly concerns me as I’m totally-dependent upon SSI and I’ve been in a precarious situation especially ever since COVID-19(84).
Not just “something” but many things.
I think about a year ago, treasuries were in complete inversion, w/4 week bills fetching the highest rates.
As they raised rates a bit that was starting to change where at least the 6 month bills were getting the highest rates. These rates were still higher than the 20/30 yr bonds so still inversion territory.
Now, with the recent rate decrease, it’s back to 4 week t bills at the highest rate.
So maybe the rate cut was actually premature and executed for political purposes and the rates will have to increase again (after the election of course).
Since the markets went up significantly after the rate cut, and knowing they will, at least temporarily, drop after resumed increases, it makes sense to sell at the high point now and buy back when it tanks.
Interest payments on just the federal government debt now exceed the entire Defense Department budget.. Unsustainable.
The country is going bankrupt..
https://freerepublic.com/focus/f-news/4264439/posts
Let’s suppose they confiscate everything to pay it off.
That would only be a temporary fix because the borrowing would continue in order to keep spending.
True.
Biden/Harris Let In 13K Murderers ,16K Rapists And 425K Convicted Criminals..
evil bastards need to be taken down by good people when they reviel themselves as many have. We are to kind to do this
Thanks for posting. Unprecedented, interesting times.
Thanks
believe they will INTENTIONALLY crash the economy right as [Trump] takes office. They will intentionally make it worse than 1929, so that he is so burdened and so distracted and in such a hole that even all of his brilliance will take four years just to dig us out and get us back to ‘normal,’ and then they will succeed because he will not be able to get anything else done during that time. All efforts will go towards rebuilding our economy from the rubble.”
If these thoughts haven’t crossed your mind, you weren’t paying attention.
Diversifying and rebalancing aren’t especially newsy.
Significant category shifts should be noticed, and going way over to cash is the strongest signal.
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