Too late for that. The Federal Reserve has been pumping up the markets with bailouts for the last 50 years. This crash could very well be the one that causes hyper inflation. It is 5% actual economic factors and 95% pent up stress from decades of corruption, asset transfers to the rich, fraud, and funny business.
Every paycheck everyone pays wall street a portion of their check via 401ks, pension funds, and personal savings. All that money has been siphoned out. Everyone is about to learn that stocks are just pieces of paper like trading cards and don't actually entitle you to a portion of any business.
When reality sets in we will all collectively shit our pants and desperately scramble to try and save every cent we have left to salvage some kind of retirement or rainy day fund. That my friend is the makings of the greatest depression ever.
view the rest of the comments →
onezeno ago
Either they open things back up or we enter the greatest economic recession in modern history.
canbot ago
Too late for that. The Federal Reserve has been pumping up the markets with bailouts for the last 50 years. This crash could very well be the one that causes hyper inflation. It is 5% actual economic factors and 95% pent up stress from decades of corruption, asset transfers to the rich, fraud, and funny business.
Every paycheck everyone pays wall street a portion of their check via 401ks, pension funds, and personal savings. All that money has been siphoned out. Everyone is about to learn that stocks are just pieces of paper like trading cards and don't actually entitle you to a portion of any business.
When reality sets in we will all collectively shit our pants and desperately scramble to try and save every cent we have left to salvage some kind of retirement or rainy day fund. That my friend is the makings of the greatest depression ever.
Phantom42 ago
Welcome to Weimar Earth.
Hellfire Protocols will go into effect.