Does anyone else believe the impending financial crash will be bigger than 2008-2009?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Trump finally got around to asking SCOTUS if his immense executive powers allows him to remove a black woman from the Fed based on a politically motivated prosecution for mortgage fraud that is not supported by the evidence. Let's see what happens!

It sure looks like she committed mortgage fraud, though, and that should be a disqualifying act for a member of the Fed. I don't like it, but she really screwed up and opened the door.

Rules for me is rules for thee... right? So if she goes down, I would expect any honorable person to advocate for the removal of several cabinet members.

[Anonymous]

The US is a third world country now, and maybe you're on the tail end of the spiral, or maybe you will be one of the very very few people living in a gated compound with the slums creeping up to your walls. Your odds aren't good, though.

No economy has ever survived this level of wealth inequality and speculation based on air. Your portfolio is a fantasy. We're going down. Whether it looks like 18th century France or 17th century Holland or god help us 21st century Syria, only time will tell. My bet is on Weimar Germany.

[Anonymous]

Anonymous wrote:I think it will be much worse, especially with so many social safety nets bing simultaneously stripped. A lot of people are going to suffer needlessly.

This, along with the markets falling with Russian invasions of NATO countries with Trumps tacit approval, starting with Poland.

[Anonymous]

Anonymous wrote:Trump finally got around to asking SCOTUS if his immense executive powers allows him to remove a black woman from the Fed based on a politically motivated prosecution for mortgage fraud that is not supported by the evidence. Let's see what happens!

We know what will happen. That's why we're getting our money out now. Once DH retires at the end of the year, we're selling the house and putting that equity in assets overseas. The late great US is not taking our hard-earned assets with it.

[Anonymous]

Anonymous wrote:The US is a third world country now, and maybe you're on the tail end of the spiral, or maybe you will be one of the very very few people living in a gated compound with the slums creeping up to your walls. Your odds aren't good, though.

No economy has ever survived this level of wealth inequality and speculation based on air. Your portfolio is a fantasy. We're going down. Whether it looks like 18th century France or 17th century Holland or god help us 21st century Syria, only time will tell. My bet is on Weimar Germany.

This of course is horseshit. None of those situations in any way resemble present times. There is little speculation in this market at the moment. Wealth inequality is an issue but not a dire one in the short to medium term. Economy is quite solid. What is not solid is the political situation which is making people lose their minds.