Brace for impact: Something big is coming

WND News Center ^ | September 27, 2024 | Patrice Lewis

[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.

[Gnome1949]

The country band “Alabama” recorded a song in which one lyric line was, “Somebody said the stock market fell but we were so poor, we couldn’t tell.”

[Nervous Tick]

>> there would have to be massive cuts to federal spending

You say that like it’s a bad thing. :-)

>> ...and interest rates and inflation would soar.

WOO HOO! My T-bills will go to the MOON!!!

(Of course I won’t be able to buy food, or pay my internet bill so’s I can watch the fun. But so what!)

[DoodleBob]

Uh huh.

A survivalist blogger who makes a living being a survivalist blogger writes an article about…TEOTWAWKI. Wow. Amazing. She clearly knows something we don’t know.

Some facts.

Sure, The End will come some day. However, America is an economic fortress. Fortresses come under assault and take hits. But America and her fortress economy stand alone.

Before the Eeyores continue, here are a few things for perspective.

America makes up 4% of the world's population...

...and yet we crank out 24% of the planet's GDP.

And while we are at the top of the Countries that Consume the Most Oil (2020 barrels per day)

United States — 17,178,000
China — 14,225,000
India — 4,669,000
Saudi Arabia — 3,544,000
Japan — 3,268,000
Russia — 3,238,000
South Korea — 2,560,000
Brazil — 2,323,000
Canada — 2,282,000
— Germany 2,045,000

...we also top the list of Countries with the Highest Oil Production (barrels per day)

United States - 11,567,000
Russia - 10,503,000
Saudi Arabia - 10,225,000
Canada - 4,656,000
Iraq - 4,260,000
China - 3,969,000
United Arab Emirates - 2,954,000
Brazil - 2,852,000
Kuwait - 2,610,000
Iran - 2,546,000

Thus, we Americans, making up only 4% of the planet's headcount, produce about a quarter of GDP - punching way above our weight. In relative contrast, China is a joke.

And if THAT wasn't cool enough, America's 4% of the population is at the top of the equity market food chain:

And, of course, we win the gun race by a mile...

....but we're not losing the murder race.

As for the national debt, we have trillions in untapped oil and gas and mineral resources. IER estimated the worth of the government’s oil and gas technically recoverable resources to the economy to be about 8 times our national debt.

There are lots of problems in the US, but did you notice that even the economic doom newsletter sellers always take payment in fiat currency?

De-dollarization is a fantasy of the Harvard faculty, anti-Americans, and fearporn salesmen. Usually, they are cut from the same cloth.

A new contestant has emerged, which is A Person Who Is Worried About America. Fair enough. But America's eulogy has been written many times before. And we will emerge victorious this time as well.

I'm betting on America. God wins. Others can opt for despair.

[Kudsman]

Exhilarating AND true. Thanks Bob for ruining the doomers’ day. Lol

[bert]

Presently, the market indicators are rising

Have the markets already discounted a Harris presidency

[9YearLurker]

I thought Congress Critters exempted themselves from insider-trading laws?

[9YearLurker]

And Bitcoin is one of their back-route options to the CBDC. Absolutely every transaction is preserved forever.

[DoodleBob]

Thanks.

Usually, the doomsters either call me a shill for Soros or the WEF, a Deep State plant, or say “well, that was then, this is now” blah blah blah.

The End was supposed to come in 2008, during the Obama years, during covid, and now if Harris wins. Yet, Godot didn’t arrive.

And, again, nothing lasts forever…the ARE Bad Things happening.

Some people have become addicted to the adrenaline rush of being perpetually triggered. The leftist addicts…we laugh at them. Our brethren? Well….

[JesusIsLord]

So, if you want to sell some of your stocks and move to safe investments e.g. CDs, is there a way to avoid the 15% cap gains tax attached to the sale?

[BipolarBob]

It’s just amazing that we don’t have an iron dome protecting the us like israel has.

The Iron Dome doesn't protect from internal missiles, bombs and sabotage. The rioting in the streets and armed gangs moving through neighborhoods would not be affected.

[BipolarBob]

Doom is coming! Be prepared! Do not be fooled, do not take Kamala as your lord and savior. She promises peace and prosperity but delivers war, death, famine and treachery.

[bert]

Black Lives Matter has done more harm to America than missiles

[Diana in Wisconsin]

Some possible scenarios disguised as ‘solutions’ found here:

The “Financial Coup” That Seized America

“...I’ve talked about the trillion of distress in the financial system, the common thread being that you, the taxpayer, will be bailing them all out — we saw this in the 2023 bank bailouts, pre-paid in the dark.

Of course, given our $35 trillion in national debt, we can’t afford it. But pay it we will, driving that 35 trillion to, according to the CBO, 50 trillion-plus.

At some point, it gets too big to bail out. Meaning: either hard default — they stop paying interest. Or the more likely soft default — they let inflation rip, melting away the national debt along with our life savings. And between here and there is a wholesale fleecing of the middle class and the working class who rely on them for a job.”

https://www.moneymetals.com/news/2024/09/27/the-financial-coup-that-seized-america-003493

[Sooth2222]

"The problem with betting on The End of the World is you don't get to collect"

Even during an economic catastrophe, there are worse things than stocks. In Weimar Germany, stocks (eventually) preserved wealth, even as the currency became worthless. Through an economic depression as well as multiple governments, a second World War and the country turned into piles of rubble.

My suggestion is that I would try to avoid Democrat-run US cities as much as possible.

[Wuli]

Buy low, sell high, is all I think is going on.

[metmom]

We’re basically all in that situation.

[MeneMeneTekelUpharsin]

Babylon was in a similar situation. Those who fail to study history...

[Vermont Lt]

I moved some of my retirement funds out of the market in Friday. We are close enough to retirement that we don’t need to risk much of it on getting huge returns.

I am planning on a “soft landing” for ourselves, no matter what the rest of the world does.

My “apocalypse portion” of the portfolio is doing just fine. Go figure.

[metmom]

DANG!!!!!!!!!

I was sure I copied and pasted the correct comment......

My post should read........

I expect riots if/when Trump wins

Without question.

It happened the first time he was elected.

If/when he gets elected again, I am expecting it on steroids.

The left is going to do everything they can to take him down, and that rules out nothing. Riots, crash the economy, you name it.