Clinging to delusional fantasies of “free wealth” won’t lead to positive outcomes, any more than swallowing handfuls of meds leads to “free health.”
Those trusting the Fed to be visibly weak, corrupt and incompetent forever might be in for an unwelcome surprise.
Nations that fail to adapt to the end of financialization and globalization will unravel.
As for our central banks’ defaulting on their lines of credit with the Martian Central Bank–that’s another alien intervention we’ll live to regret.
Sealing the USD’s coffin requires conjuring up a replacement reserve currency, and that turns out to be a lot more challenging than many understand.
Stocks don’t vanish when sold; somebody owns the shares all the way to the bottom. These owners who refuse to sell because they have convinced themselves the next dip will be the hoped-for resumption of the bullish trend are called “bagholders.”
All this decay is so incremental that nobody thinks it possible that it could ever accumulate into a risk that threatens the entire system.
Unbeknownst to those trembling in fear of a crushing recession, the crushing recession they fear is the only curative for a fatally distorted system which has lost touch with reality.
Initial victories do not guarantee the war will be won. Rather, they arouse the most dangerous enemy: the fatal hubris of over-confidence.
When the crash can no longer be denied, the drop is widely recognized as having been obvious and inevitable