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.
I live in a rural area. Unless they miss the big city they were aiming for (a definite possibility) and hit little old us, we shouldn’t be surrounded immediately by high levels. Fallout is the main reason I want a geiger counter, especially for detecting contaminated surface water (and fish and livestock) long after outdoor background levels are tolerable.
No, I bought ours a few months ago. Around the time I realized Grandpa just might be demented enough to get us nuked.
Thanks for posting this! Very helpful, and it comports with what is printed on the iodine tablet bottle.
>> Let fear run my life? No thanks.
^^^^^^^^^^ THIS ^^^^^^^^^^
“Do not call conspiracy all that this people calls conspiracy, and do not fear what they fear, nor be in dread. But the Lord of hosts, him you shall honor as holy. Let him be your fear, and let him be your dread.” — Isaiah 8:12
I got one from Amazon about ten years ago that was for basic (think middle school) detection. I also have one of the old yellow monsters from the Civil Defense days. I guess it would be prudent to test them.
I live ten miles from an old SAC base that is home to a bunch of C5s. I always figured we were good for three or four, so nuke prepping was kind of silly. It’s likely the thermo part of thermonuclear will get me before the uranium does.
End of Days.
Thanks for your thoughts on this subject. It's a tough call. Right now, I'm invested 50/50 between no-risk and risk investments in my deferred account.
S&P 2007 high before the crash was 1500 Nov-2007. Mar-2009 it hit a low of 683. Subsequently, it didn't reach 1500 again until Jan-2013. Bottom line: It took the investor 5 year & 2 mos to recover from his Nov-2007 S&P high. For many investors, holding for 5.17 years to recover investment is tolerable. For others, not so much.
Is selling your stock investments to buy 4-5% risk free investments (CDs, Notes) at this time a smart move?
It's time to pray for wisdom, direction and discernemnt.
Great Word !
Oh bull. He did't dump the shares "quietly"
He sold them just like he sells all shares - to maximize shareholder value.
What did the writer expect him to do? TELEGRAPH that he's selling so that the share price drops prior to sale?
👍🏻👍🏻
yes be over 59 1/2 yrs old then its only 10% tax
Coupled with massive power grid “failures.”
Some sort of October Surprise will happen. There has been a lot of speculation that Biden will step down before the election, so Harris will be an incumbent President, the first Black Female, and you are racist if you complain at all....
As a side note, Biden did a speech today, and claimed to have a cold....
BUMP
BTTT!!!
EMP. China. At least Bongino was alluding to that today on his 11:00 podcast. Listed many things to do/get to prepare.
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