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I did play it cool while people I knew panicked. I lost about 10% and within a year gained more than that back.
So many conservatives stayed political back then defending Bush because. I suspect most of those investors lost heavily.
I and my advisors sensed very real and very severe trouble ahead, and placed me in my most defensive investment positions of my investment lifetime dating back to the '70's. I remodeled instead of buying a new house. My losses were low and have assets have seen major upturn since then.
2023 will mark the beginning of a worldwide economic depression far more severe than the Great Depression.
The world hit peak oil production in 2018. Peak oil production is peak global economic growth. Economic growth depends on the increase in oil production. There cannot be growth in the economy without increasing oil production- and if the economy isn't growing, it's collapsing due to the amount of debt in the system that cannot be repaid.
Basically, the entire Ponzi scheme is bound to collapse and there is nothing anyone can do about it.
It's over.
Prove it. I'm with you in concept, but prove that we are past the peak in the sense that you're talking about.
Also, again, our rulers are deliberately suppressing the use of natural gas and coal with the intent to wreck the economy and impoverish the public, which just makes things worse, faster.
The thing that concerns me about this is that Blackrock isnt an investment company. They are a very big, very powerful group of investors with a global political agenda. So if they are saying a recession is coming what they are saying is they WANT a recession. They have decided that is what best meets their political goals.
and remember they have TRILLIONS of dollars to push things in whatever direction they want.
Blackrock has an agenda, so why would anyone listen to them?
you said it just before me. But why listen? because they have the power and the money and the control of governments around the world to make what they want, happen.
But conservatives seem to have gone the way of shilling for corpos like Elon musk.
The government is supposed to protect us not just from foreign military invasions but also from big corporations. It protects the wealthy instead.
That’s my problem.
When the wealthy gets bailed out, nobody bats an eye. When the poor get any semblance of a bail out. Like a measly check that gives them a temporary boost, everyone loses their minds.
Dude the government is the wealthy. Look at the multimillionaires in Congress and Presidency who only worked for the government their whole careers. Both Dems and Repubs.
Look at the 87k IRS agents hired to make sure those making $600 a year self employed pay their taxes while tax loop holes remain
When the wealthy gets bailed out, nobody bats an eye. When the poor get any semblance of a bail out. Like a measly check that gives them a temporary boost, everyone loses their minds.
You can't be serious. NO ONE wants the wealthy to be bailed out. NO ONE supported TARP. This is not a democracy, bud. What the people want makes very little difference. And you agree with those last two propositions, so what's your point?
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