It will crash in phases but I think I think it occurs over the next 2 years. This is going to get fucking bad.
In 2008 we were days away from money market becoming illiquid. Money market is as near cash instrument as you can possibly get. This time I think money market does fail, and what that means is that banks will fail and atm's and credit cards will fail.
Bank runs, mass looting, civil war, all under the Biden Administration's watch.
I think we are at least a year away from that stage. We have not started phase 1 of the crash yet. There probably needs to be at least 2 deep crashes with FED balance sheet expansions of 5 trillion plus a piece before we are in full doomsday scenario.
In the mean time hedge with purchases of hard assets and get a safe for storing petty cash.
I am bearish equities and think phase 1 of the crash could start as early as next week.
There will be bounces though and I would be long commodity stocks such as oil and miners. Check out southern copper, SCCO, which is rallying on the back of copper hitting 4 bucks last week. Huge rally.
This will be a traders market over the forseeable future.
It will crash in phases but I think I think it occurs over the next 2 years. This is going to get fucking bad.
In 2008 we were days away from money market becoming illiquid. Money market is as near cash instrument as you can possibly get. This time I think money market does fail, and what that means is that banks will fail and atm's and credit cards will fail.
Bank runs, mass looting, civil war, all under the Biden Administration's watch.
So, when would be a good time to pull my money out if a federal credit union/bank to be safe?
I think we are at least a year away from that stage. We have not started phase 1 of the crash yet. There probably needs to be at least 2 deep crashes with FED balance sheet expansions of 5 trillion plus a piece before we are in full doomsday scenario.
In the mean time hedge with purchases of hard assets and get a safe for storing petty cash.
What do you think about stocks? Do you think it's smart to pull out in the next year, depending on what we're invested in?
Do you think oil is a safe investment in stocks?
Here's a recent post on the topic of the stock market which also has links to my prior posts. https://patriots.win/p/12hRZfw6lO/biden-economic-collapse-watch--1/
I am bearish equities and think phase 1 of the crash could start as early as next week.
There will be bounces though and I would be long commodity stocks such as oil and miners. Check out southern copper, SCCO, which is rallying on the back of copper hitting 4 bucks last week. Huge rally.
This will be a traders market over the forseeable future.