Quote:
Originally Posted by KetaPatek
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.
|
By cave I mean try and come to the rescue by first changing their hawkish stance (check), then actually cutting rates, and finally starting a new version of QE or whatever they call it this time. Count on it.
I agree things could get worse and definitely more prolonged than 2008, which was super quick, btw.