It's going to happen soon. Everyone's fiat will evaporate sometime soon either by market liquidations or hyperinflation. I say Q2 of 2022 is when then shit will hit the proverbial fan.
If the feds raise rates, collapse. If the moratorium on housing evictions and foreclosures expires, collapse.( my thoughts are on 401k redemptions to cover temporary housing costs)
If the feds stop printing and buying mbs, collapse. If people don't start working again, collapse. ( This one will be no more food at grocery stores. ) If the government doesn't give another 2T stimulus in September, collapse. If the government continues with more stimulus, hyperinflation.
This cake is just about done and ready for icing. Long story short we wont have to wait long. Id suggest keeping 90 day food and water reserves to be honest. As well as have some cash on hand for speculation.
EDIT: OH and the feds are going to test the publics reception to a digital dollar sometime in the later half of this year. Maybe more stimmy money will come with a digital dollar commitment. To stimulate the economy with the stimmy they might go the route of China and have an expiration to the digital currency. AKA they will give you an UBI everymonth but it doesn't roll over, encouraging spending.
The masses will accept and praise it and humanity will march steadily to its inevitable suicide.
Good breakdown of the prerequisites for collapse.
They'll kick the can down the road forever though. Thats what the 'great reset' is about.
Slowing it down as much as they can, so all the other nations of the world don't have their USD reserves vaporized over night, because that would take down the whole system.
If they can hang on long enough to slowly hollow out the u.s. completely, the other nations in the communist blob of international totalitarianism, will have time to create sufficient replacements.
That can't be allowed to happen.
So goes the American marxists, so goes international marxism.
We won't get another chance to throw them off.
Honestly I don't think they can kick it any more.
The hyperinflation tell that I think will kick everything off is futures speculation. The banks and financial institutions are just frothing with cash and equities are already priced to the sky. Futures speculation is the one avenue of American fiat that will have tangible effects on the main street economy.
If you really wanted to start the collapse, we should all be giving the hedgies the squeeze in their short positions. As we've seen with Archegos in the last few weeks, there exists humongous systemic risks from leveraged hedge funds. And as a caveat, Archegos didn't have to report to the SEC because it purchased derivatives instead of holding common stock. Guess we could call that "Ghost Leverage".
EDIT: To break American stupidity we have to break them financially. In their reactionary stupidity they will immediately diss-trust in whom they trusted. Cattle go MOOO!! and run the other side of the fence when they get the prod.
Your name is appropriate, but better late than never!
Financial is definitely where its at.
When the economy goes boom one last, theres gotta be some replacement ready to go for when the other parties burn.
The left has theirs, the right doesn't.
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