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100% a global event. Trudeau was just talking about the "reset" within the past couple of weeks. Klaus Schwab out of the WEF just put out a book talking about how the world needs to use COVID as an opportunity for the reset. Now a handful of media outlets are trying to marginalize it as a "conspiracy theory" but the info is verbatim from their (WEF and others) own official sites.
Little doubt in my mind that it's a conspiracy at this point.
Little doubt in my mind that it's a conspiracy at this point.
Definitely not a conspiracy theory even though the puppet media outlets are trying to call it as such now. Klaus Schwab literally just published a book entitled "The Great Reset" outlining the plans and even on the WEC's own official Twitter account they are saying things like in a few years there is not going to be personal ownership because everyone is going to be a renter. And they are going to like it!
George Gammon just did an excellent video about it actually taking talking points and text from their own writing about the "reset":
I don't know what percentage, but I'm guessing there are A LOT of people took forbearance when they didn't really need to. Unless you were trying to get a new loan anytime soon, it was a great idea for a lot of people. Finance youtubers were pushing the idea heavily, and they have a lot of followers that take their advice. Build up a additional savings of one year of mortgage payments (or YOLO it into stocks), and the missed payments get tacked on to the end of the loan. Because of this, now when you refinance or get a loan, even if your savings is more than the entire loan amount you likely have to sign a contract to say you won't take forbearance.
Definitely not a conspiracy theory even though the puppet media outlets are trying to call it as such now. Klaus Schwab literally just published a book entitled "The Great Reset" outlining the plans and even on the WEC's own official Twitter account they are saying things like in a few years there is not going to be personal ownership because everyone is going to be a renter. And they are going to like it!
George Gammon just did an excellent video about it actually taking talking points and text from their own writing about the "reset":
I gotta admit, while I wasn't your biggest cheerleader, I found your perspectives interesting. Posting this video knocked off about 99% of your influence points, however. A member of Danish parliament hasn't been a relevant influencer on the world stage....ever.
Communist of Free, technology will continue to have a deflationary effect on everything it touches. Today a fortune of better quality paper can be had for minutes of working a minimum wage job as to when Kings ruled in Europe and were the only ones that could afford things. An individual's fine pen is replaced by a shared printer....and the world around thanks the maker of spell check.
As more things become shared, there is a loss of privacy. However, there's also a gain in accountability as well. Communist or Free, this will happen due to choice either way. The key difference is that in a Free world, you will also have the choice to keep and maintain your own little hold-out they way you want it. In a Communist economy, that choice will not belong to you. In a Free economy, the technology gains will grow faster, and those gains will incentive still more new developments. In Communism, technology advancement will slow, until it becomes increasingly imbalanced with the free worlds. As Communism will not succeed in capturing all of the free world, it cannot hope to ever win realistically except by brute force, and even within the economies it controls, the winners are the black marketeers that can imperfectly profit on mistakes in a centrally planned economy.
Maybe the video got better, but if this is the perceived source of deflationary bust, then I'd say rest well tonight as it won't happen. There are headwinds, certainly. There are socialist wet dreams. Then there's reality.
Catherine wood from Ark Funds says we will be in a long term deflationary period because of new technology is going to change our lives and economy more than ever before in history. She lists the specific areas. You can find videos on youtube from 2019.
100% a global event. Trudeau was just talking about the "reset" within the past couple of weeks. Klaus Schwab out of the WEF just put out a book talking about how the world needs to use COVID as an opportunity for the reset. Now a handful of media outlets are trying to marginalize it as a "conspiracy theory" but the info is verbatim from their (WEF and others) own official sites.
I just can't imagine for the life of me the Middle East following the great reset. Neither can I imagine China unless they were the architects of this movement.
I just can't imagine for the life of me the Middle East following the great reset. Neither can I imagine China unless they were the architects of this movement.
China is leading the charge in terms of pushing for a digital currency, social credit scores, etc. My guess within the next 5-10 years we will see a push for a centralized all-digital world currency through the IMF. Remember just a few years ago anyone who talked about the prospects of a cashless society was called a conspiracy theorist. Now it is being pushed by the mainstream. Funny how that all works isn't it?
Aren't savings at an all time high right now? Not only has the stock market been going up but so have home prices, so couldn't those in forbearance just sell their home if they really needed to? In the markets I follow, things are hot both on the home prices and rent side(Northern VA/ North Florida).
Are the majority of Americans really behind on their rent and mortgage payments?
Things just don't seem that bad IMO, even in the markets currently hit hard like NYC I think landlords there will be just fine. Look at the commercials landlords in NYC, even before covid things sat empty for years, the rent check is a small part of it in those HCOL markets. If they made it this far, what's another 6 months?
Lots of fear porn click bait out there, look at these two one of them claims 40 million the other 19 million. CNN or the like needs one claiming 100 million to win the clicks when someone googles evictions.
Today's media can't find its ass many times. They talk about or focus on many insignificant things if it related to the Pres. There are many big stories about there worth reporting about.
Anyway, any recently new landlords across the country are finding out how hard it is to own a property where rents are not being paid so the mortgage not covered. Forbearance cannot continue.
These are not all HCOL investors or rich flippers. There's a plethora of stories of 8-9-fugure properties selling for 50% of list price. $100 million to $48 million and so on. HousingBubble dotcom. People want out and it'll start to hit the avg price homes too in major metros. Eventually bad news trickles down but the very rich get out early.
When did heart go 85% cash? I think it's important to factor that in as well because the market has gone up quite a bit since then.
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