Quote:
Originally Posted by rollyp
True, the only wildcard will be at what point the Fed caves. Whatever action they take will only be a temporary boost to markets though. Headed much lower.
|
The Fed has never caved as it raised straight into all their crashes. it's been a constant pump and dump since 1913.
blow the bubble, crash it, buy it all back pennies on the dollar and render mom and pop bagholders. worked every single time. and this next crash will be worse than 2008 methinks. they are gearing up to restructure this untenable debt ponzi with something along the lines of the IMF's SDR, maybe even a crypo SDR which would force a cashless brave new world upon everyone; something they've been wanting and planning since the 70s.
wealth inequality is now as bad or worse than it was in 1929. who knows what % of PP collectors are truly in the 1%, esp re the sports watch demographics.