Posted on 01/24/2021 4:51:08 PM PST by Roman_War_Criminal
Right now the market is as overvalued as it’s ever been. Free money and boatloads of it tend to cause that. They’ll be no crash until interest rates rise uncontrollably.
I agree with that and Biden and Harris are dumber than dumb....too stupid to define.
All my life I've been hearing about the imminent collapse of the economy and how I'd better move all my money to gold and silver or even into my mattress, which is lumpy enough as it is. Now bitcoin appears to be the craze of the day.
I've been going to restaurants all during COVID. I've never had to wait for a table since but still, it is sad to see how so many people are afraid to go to them. But many of them are surviving by moving to a takeout/delivery model.
Texas Roadhouse seems to be rebounding. They were almost 3/4 full last time I went there and fortunately nobody in my section had a birthday.
LOL I won’t argue that point!
Now when these things begin to happen, look up and lift up your heads, because your redemption draws near. (Luke 21:28)
Someone post the Trump miss me yet.
Agreed,
A little something
Would be Nice.
“ I don’t look to doomsday bloggers for financial advice.”
Beat me to it.
Excellent article that paints a true picture of the state of the economy. This designed outcome coincides with the cloward and piven strategy taught by marxists since the 60’s which is to intentionally collapse America’s economy from within.
This is a well written and thorough article for the Christian and non Christian. For democrats, Independents and Republicans. For wealthy and for poor. Its a wake up call and a true warning to seek God in these final days.
The advice I read was to place ones Faith in Jesus Christ and not a world economic system thats about to crash and burn. Whether thats before or after the rapture, I would not want to be in a position to accept what the world will offer as its solution.
Noah offered advice as well. But when the flood came all parished but his family who heeded the warning. 2,000 years ago there was a voice crying in the wilderness. That voice was silenced by his decapitation and the One he was speaking of, they crucified.
Both Paul and John warned in their letters about the time soon to come. The advice remains the same as then. Though there be few that adheres to the words.
Two things are certain. The crash is coming and the escape is certain for those who believe.
My apologies zek157. My respose was meant to bolster your reply.
“Scott Adams says that restaurants aren’t a big part of the economy. The waitstaff pay barely any taxes, restaurants barely make $$ anyway, and the owners don’t pay taxes either (he claims many are barely legal operations anyway). I miss restaurants but if he’s right, losing 1/2 of them won’t be a huge economic hit.”
We have to also consider the huge number of jobs in which the restaurant industry helps to create and maintain both directly and indirectly.
The communists just stole a year of people’s lives globally, and the presidential election in the USA. If there is a depression, and people start going hungry on top of everything else, well, we’ll be in for a significant global population reduction of the lead variety.
Got an IRA that’s up almost 54% y/y and the only really active move I made was to plough $10k into DAL and LUV last March/April, what I thought was a no-brainer — grab $60 stocks in the $20’s; they’re up 78% and 66% respectively.
A long-time holding I got into some years back at about an $8-$9 basis is at it’s all-time high in the mid-$40’s. Probably time for some profit-taking and diversifying on that front.
Indeed and this is where those who have wisdom will use that exuberance to prepare.
But I am also keeping an eye on the World Economic Forum that Joe Biden has been involved with since at least 2003.
Part of the plan is to reset the global economy and many believe this can only happen by wiping out all debt. Essentially a global Chapter 7 bankruptcy with the establishment of a new economic system.
Essentially they are trying to unwind the economies of the world through debt expansion and inflation control. The lockdowns control inflation. They virus gave them the emergency brake if you will to tap all the while as we head for the debt cliff.
Amen!
This goat rodeo cannot continue forever. I think it’s going to crash pretty quickly IMHO. Maybe even this year.
Bars and restaurants are a big part of Americans’ free assembly—and always have been. They are also one of the “luxuries” that a majority of Americans partake in.
Beyond that they are themselves a good chunk of the small, independent business class and representative of a far greater population of the small-employer self-employed. Finally, they in aggregate employ a big number of people.
Scott Adams is far out of touch at this point.
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