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We already have some sliver of the population — maybe 5% that wants to do away the entire American economy and start over.
We have 50% of the population that supports a man who are media now claims is a dangerous threat to democracy. I assume that now makes for 75 million known domestic terrorist.
We also have those that want to stop paying rent long term, cancel their student/health debt, free healthcare, etc.
Don’t forget about the massive amounts that believe America is inherently racist/bad and want to defund police.
Virtually everyone has piles of debt from over consumption.
New citizens are lined up at the border ready to flood the system.
Where does this lead us?
Last edited by 87Camarottop; 01-07-2021 at 10:28 AM..
Untold suffering in America and elsewhere in the world. If people think they have bad living standards now, imagine a world where living standards collapse and a maniac comes along to restore that greatness. They may promise to restore former glory, blame a foreign power for all of their problems and use the concept of the big lie and continue to repeat something that isn’t true. They would undermine institutions of power, and create a whirlwind at every opportunity.
Quote:
Originally Posted by Thatsright19
"It's easy to throw stones. Easy to sit in judgment when you are in the midst of abundance. Roast chicken and the good life. We'd do differently people say. We would have long since shaken off the dictatorship of Nazi terror. Would they really have?"
What about me? I was there. I breathed what was in the air. It effected all of us.
"Some of what you will see has never been shown on American television before and some of it cannot be seen in Germany even today. These are their words. These are their films. This is the rise of the 3rd reich"
"This is not the story of how Adolf Hitler seized power in Germany. This is the story of HOW and WHY the German people GAVE it to him."
"The treaty that ended the first world war had 440 clauses. 414 of them were devoted to punishing Germany."
"If you were German in 1919, your peace was humiliation and suffering. Money was worthless. Berlin was a swamp of depravity. Everything and everyone was for sale.Not only money, but all standards have lost their value.Saviors appeared everywhere declaring they have been sent by god to save the world. But in German, there is no plural word for savior.There can be only one."
"Most Germans still thought of Hitler as too radical. If they thought of him at all. But within 3 months, Wall Street would crash, and take the German economy down with it. Within 1 year, the Nazi's would become one of the largest political parties in Germany"
"While we descended into misery and called anxiously for a savior. He emerged. Like a mountain. Columns march. Drums beat. And a 100,000 men stand firmly gathered around 1 man. Now, build up your people oh master. A new fatherland awaits."
Quote:
Originally Posted by nightbird47
This and the second half, the Fall, is one of the best documentaries I've ever seen. It tells the story in entirely human terms of how German shed its cultural heritige and turned to Adoph Hitler, and how they paid.
The world economy crashes and burns, and there is every possibility that the chance of hope could do the same again.
Last edited by Thatsright19; 01-07-2021 at 05:30 PM..
Get set for some serious poverty. It very well may be quick. Projections are that the US Dollar will lose another 20% in 2021. If that happens we could see a panic run on the dollar as all those investors who saw the dollar as "safe harbor" dump their dollar assets, including bonds. It would wreck the entire world's economy, and probably trigger WWIII.
Whatever you do, don't keep your money in dollars. Weapons manufacturing is always a money maker when TSHTF. A lot of offshore cash is going into the real estate market, and that may accelerate, depending on sanctions. Metals are good. Copper might be a big winner.
Yeah, it could all blow up with startling speed. In the meantime eat, drink, and be merry. It may be your last chance.
Get set for some serious poverty. It very well may be quick. Projections are that the US Dollar will lose another 20% in 2021. If that happens we could see a panic run on the dollar as all those investors who saw the dollar as "safe harbor" dump their dollar assets, including bonds. It would wreck the entire world's economy, and probably trigger WWIII.
Whatever you do, don't keep your money in dollars. Weapons manufacturing is always a money maker when TSHTF. A lot of offshore cash is going into the real estate market, and that may accelerate, depending on sanctions. Metals are good. Copper might be a big winner.
Yeah, it could all blow up with startling speed. In the meantime eat, drink, and be merry. It may be your last chance.
If they had set out to intentionally break the system, they couldn't have done better. The S&P 500 is trading at a PE ratio of 38, a level that has only been previously reached in the middle of the dotcom crash in 2001 and the banking crisis in 2008.
Massive deficit spending will push bond prices up. Treasuries are already up to 1%. The dollar is projected to lose 5% to 10% of its value this year (ING), 20% (Citi) to as much as 35% of its value (Yale), which means foreign buyers will demand higher interest rates. Political unrest and financial profligacy have made the US less of a safe harbor, and the only way to rescue the dollar will be a rapid runup in interest rates. Equities will not be able to compete, so there goes the stock market.
Meanwhile, we have millions of people who have not worked in six months, and a hospitality industry that has permanently lost 110,000 restaurants in 2020. One third of Americans are behind on their housing payments. On the up side, the savings rate has gone through the roof, but people are sitting on the money because they are worried.
I have mentioned here several times that a crash is the way to make money, if you see it coming. Well, I see it coming. You would have to be blind not to notice that the fundamentals are seriously skewed. The Fed has increased the money supply by 24% in a single year, without a concurrent rise in production. That pretty much explains the projected 20% drop in the value of the dollar.
Now is the time to shift your money to real stuff. The export sector will make money hand over fist. Farmers will ride high, and farm land prices will rise with exports. Metals will be a decent hedge, but the big money funds are long in soybeans. Real stuff. Options are a great way to make or lose a fortune, but soybean calls have bumped 5% in the last 8 days. Traders are wondering if we will run out of soybeans, but figure extreme market highs will take care of that problem. Exports. Yummy. And that's just with a 5% drop in the dollar.
We can hold import prices down by removing import tariffs, so expect domestic inflation to remain fairly low. Falling stock prices will suck the oxygen out of the economy, and unemployment will reach painfully high levels just as the eviction moratoriums expire. The homeless rate will explode, forcing higher deficit spending.
It's been a 10 year party with hats and noise makers. The hangover and cleanup will be epic. If you think things are going to go along like they have been, good luck with that. If you dig in and do your homework, you should be able to double your assets over the next two years. America is about to have a fire sale.
Last edited by Larry Caldwell; 01-11-2021 at 12:00 AM..
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