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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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And in every case, savvy investors eagerly snatched up those shares! And in every case, Buffet, Bezos, etc. used the resultant funds to purchase other stocks.
Regarding your final point (Blackrock reveals it’s quietly preparing for a $35 trillion Federal Reserve crisis with Bitcoin.), I have no comment.
Regards,
I think(?) maybe it’s from 1983’s War Games
They were going for USA vs. Russia but the Polar ICBM routes were not shown
Boy it’s going to take a LOT of miracles
Daisies?
Regards,
Excellent points. This household is about 80% up that curve. I would add planning for energy continuity — to whatever extent is practical in each household’s particular situation. E.g. generator and fuel for it, batteries and inverters, solar if feasible, etc.
Thanks!!! I’ll get one. I have already squirreled away some iodine tabs, now if I could only remember where I parked them! Guess I’ll have a reasonable amount of time to grope around on my knees looking for them after the fireball. :-)
We serve an awesome GOD! His arm is not too short to help in any and every situation.
What are the campers for?
Right. That is the news. They are trying to keep the markets propped up through the election. It is the inverse of 2008.
These things I face will take nothing less than Divine Intervention
We can only store so much gasoline, just enough to keep our emergency generator running for a couple of weeks (long enough to eat and can our deep freezer stocks.
Also have two solar panels atop our camping trailer - enough to keep our two honking marine batteries full. Not enough to power a house, but enough to charge anything that has a rechargeable battery.
It’s just amazing that we don’t have an iron dome protecting the us like israel has.
Do the I.. Tablets go bad in time?
How long ?
There are probably some systems - they also rely on forward deployed ships with certain systems.
Still, there’s very little that can be done about SLBMs.
In the old days 600 mph cruise missiles launched from the 12-mile limit barely gave 2 minutes’ notice to D.C.
Today’s missiles are at least 2-5 times as fast once they achieve max speed. May have barely 1 minute+ before D.C. is obliterated.
With federal debt levels at historic highs and much of it financed short term, and federal spending in massive and chronic deficit, the most likely crisis would be an inability of the US Treasury to sell yet more debt to keep the game going. In essence, there would have to be massive cuts to federal spending and interest rates and inflation would soar. Watch out then for wide scale economic, social, and political disruption.
Obama’s friends, Putin and Xi, are making huge money from the Ukraine war and the Russian oil embargo.
They have strengthened BRICS to topple the US dollar as the world’s reserve currency and as the petrodollar.
They are waiting for the signal from Obama/Soros to trigger the collapse of the West.
Anyone who thinks the Democrats and Putin are not working together is a fool.
The idea of a Black Swan event which very few people pay attention to but ends up creating a ripple that turns into a tsunami.
Watch for this Tuesday, the Longshoremen all along the East Coast are threatening to go on strike, the Biden Administration has said they will not intervene to resolve the situation.
If the strike happens and lasts any significant time, like more than 2 weeks, you will start to see shortages of everything, including certain food and other imports every consumer depends on, plus think of the US Exports that start to spoil because they can’t be shipped. If shortages start to happen, inflation will necessarily spike considerably.
I could easily see a strike that closes down ports being an isolated incident that starts a cascade of bad economic news.
>> Do the I.. Tablets go bad in time?
Hey, I found mine! Right where I would have put them if I had my act together when they arrived... that’s a sign that I’m not totally mentally degenerate! :-)
I see no expiration date on the bottle. I am neither a chemist nor a doctor... but the key is to get iodine (itself a stable element) into your thyroid chemically so that radioactive iodine doesn’t bind in there instead, and I am guessing that potassium iodide is itself a fairly stable molecule.
Bottom line: I’m gonna store it indoors at a stable temperature and I’m not gonna worry about expiration, personally.
Good point.
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