Quote:
Originally Posted by McLovin
Ok Boomers, lol.
Tabs is right. All that 20th century economic theory is historically interesting, I guess.
But the world changed in 2008, and those theories aren’t very useful if your interest is actually making money and growing assets/net worth in current times.
Source:
Me.
|
Then you had better realize the game has changed....now it all about SURVIVAL and not growing fat...the fat has already been squandered.
I knew a spoon dealer that was skinny, the next time I saw him six months later his stomach had bulged out making him look fat with a gray pallor to his skin and 3 months after that he was DEAD..Cirrhosis of the Liver, he was a Boozer.
Your mindset is that it is going to continue on as before where you can grow fat.. and that is your mistake, your fatal flaw.. You cant conceive of anything different happening. It seemingly can happen on a dime..one day you are doin great and the next day the bottom has dropped out of your world. Let us try October 1929..
Yeah you can become a 401K monopoly money millionaire but in actuality it is a Pyrrhic accomplishment..meaningless cause that once in 2000 year perfect storm is here. The only reason why ya gots that Million is everything has become so frenzied..there is NO STABILITY.
If 80%of Americans are livin from paycheck to paycheck and you have 40M or more Americans living in poverty they ain't gona be buyin nothing but essentials..and that means you fkin economy is shot to he11. You have 5M household facing EVICTION at the end of the month..the food lines stretch for miles...
So there is NO OTHER OPTION for the FED but printing more and more money to BUY US TREASURIES.. and the worm has turned on the USD as the rest of the world is beginning to FLEE the USD. That means an ocean of USD's are gona hit the streets and that is the ADVERSE SHIFT that the FED has been trying to avoid...
We are in the soup now, it is not gong to happen it is happening now!. So far with the moratoriums and stimulus they have put the crash on hold. But make no mistake the economy is dead. Velocity of money is less than 1.2...that means barely a pulse.
we have crossed the threshold in March and that is why I have said it doesn't matter anymore whether you are debt free or have debt to the eyeballs..we are all in the soup together... It is the MASSIVE number of people that have been pushed over the edge into poverty, homelessness and hunger...there is no economic viability left just printing and borrowing to keep the lights on for another day. And when that string gets played out..free fall.
That is my assessment after cutting through all the smoke and mirrors, lies, delusions, denial, duplicity, naivety, stupidity, and ignorance. The reason why I can see it is that I have lived and breathed duality, where not all is at it seems.
In my personal life time and time again I may not always know exactly what is wrong but I know something is wrong and in time it is revealed exactly what it is...