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

[Anonymous]

Anonymous wrote:

Anonymous wrote:What 2008 Crash? Nobody remembers that far back. We dont even remember the Tarriff sell off

You will when your taxes get raised to pay back the monies Trump now owes to Canter Fitzgerald.

Cantor Fitzgerald is a company owned by Howard Ludnick and his kids.

Howard Ludnick is in Trump's administration.

Howard Ludnick is also in the heritage foundation who wrote project 2025 which is the playbook Trump's handlers are following.

Cantor Fitzgerald has been offering to pay 20-30% of tariffs for companies. The catch is if the tariffs get reversed by the courts then Cantor Fitzgerald gets 100% of the refunds for the tariffs from the federal government.

Cantor Fitzgerald wouldn't do this unless they thought it would make them lots and lots of money.

The money collected for tariffs won't be sitting in an account somewhere. So when it's gotta be returned it'll be the American taxpayers who need to pay it all back.

The American consumers are the ones paying for the tariffs now

So once they get overturned and it's time for Cantor Fitzgerald to collect the American taxpayers get to pay for the tariffs a 2nd time since they originally paid it the first time too.

All this shit so a handful of billionaires can make billions and billions more.

I hadn't heard about this, but just Googled and, of course, Elizabeth Warren is on it. Not that anything will change.

The grift in this admin is unreal. It's just beyond.

Oh, also Moody's said yesterday we'll be in recession by the year's end.

https://www.finance.senate.gov/ranking-members-news/wyden-warren-probe-lutnick-firms-potential-conflicts-of-interest-related-to-massive-tariff-bets

[Anonymous]

I think it's a mixed bag. I don't think anything will suddenly collapse, but I do think eventually the US stock market growth from AI will eventually lose steam. So I am slowly moving to some European defense stocks (EUAD) and other international ETFs (like VXUS). I also have a year's worth of expenses in money market accounts. I may up that to two in a year's time. I would like to have a year's expenses in gold too.

[Anonymous]

There will be a run on banks and the dollar will collapse by January 2026.

[Anonymous]

Magic 8 Balls on sale. Call

1.800.magic.4.you now.

Next 15 callers get two balls (get it?) for the price of one!!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:God I hope not.

Read the news. The negative outlook is piling up. Even if we do quantitative easing and rate cuts all we do is fuel inflation. Combine that with actual employment numbers that aren’t great. We are on the precipice. Buy gold ETFs now like GLD and IAUM. Hold them until the crash is underway. Then buy SPMO and IDMO ETFs in like a year for much cheaper. Then hold them as they rise in a few years.

Why gold when it's already at such high valuations? I'd feel better in treasuries or a money market account if you move to asset protection instead of growth.

Gold still has plenty or room to rip. It’s a safe haven. Stocks will probably rally for another year or so, but watch hold it’s also ticking up steadily.

Gold should not grow faster than general inflation. If it does, it's a speculative bubble.

[Anonymous]

I don’t believe this - you think the rich will cut their riches? No. The stock market only goes up babes. How else can the rich get richer?

[Anonymous]

Anonymous wrote:I don’t believe this - you think the rich will cut their riches? No. The stock market only goes up babes. How else can the rich get richer?

I don't know much but have read that corporate profits are at all time highs. The rich will be just fine.

[Anonymous]

There is so much work out there. These are jobs that white collar workers or college graduates don't want to do.
I can find 20 people jobs right now making $30-$40 an hour without experience. I just can't find anyone looking for a job or willing to work.
Today is nothing like 2008 when I couldn't even get a server job with 10 years of experience.
I'm in hard assets because of the money printing. I have also been through 4 down markets/crisis and will come through it easily.
No crash. It's just another decade when people not in hard assets are left behind once again.
We are going through rapid changes, not a crash of any kind.

[Anonymous]

I don’t have any illusion that I know enough to predict the future or have power enough to control the outcome and ensure I suffer no harm. I have no idea what the future holds. But I have faith that my future self will continue to be fairly competent and will be able to make adjustments as necessary. In the meantime, I’m spending less and making more second hand purchases which a) avoids tariffs and b) helps me bulk up our savings. It’s really all I can do. As for my investments, the plan we’re following assumes market downturns. I try to remind myself that the plan is agnostic about the reasons for the downturn. But it did contemplate that sometimes the market goes down, and sometimes it goes up. If something bad happens, I hope it will go up again before I retire in 20-30 years.

[Anonymous]

Anonymous wrote:My concerns is BRICS and loss of reserve currency status.

As someone from another country American have no clue how the US uses the US dollar as a powerful weapon.

[Anonymous]

Anonymous wrote:There is so much work out there. These are jobs that white collar workers or college graduates don't want to do.
I can find 20 people jobs right now making $30-$40 an hour without experience. I just can't find anyone looking for a job or willing to work.
Today is nothing like 2008 when I couldn't even get a server job with 10 years of experience.
I'm in hard assets because of the money printing. I have also been through 4 down markets/crisis and will come through it easily.
No crash. It's just another decade when people not in hard assets are left behind once again.
We are going through rapid changes, not a crash of any kind.

There we go again another person recommending restaurant jobs. If it's not restaurant it's working as a nurse. Ridiculous

[Anonymous]

Anonymous wrote:There is so much work out there. These are jobs that white collar workers or college graduates don't want to do.
I can find 20 people jobs right now making $30-$40 an hour without experience. I just can't find anyone looking for a job or willing to work.
Today is nothing like 2008 when I couldn't even get a server job with 10 years of experience.
I'm in hard assets because of the money printing. I have also been through 4 down markets/crisis and will come through it easily.
No crash. It's just another decade when people not in hard assets are left behind once again.
We are going through rapid changes, not a crash of any kind.

This. Job market is not weak.

[Anonymous]

Anonymous wrote:

Anonymous wrote:My concerns is BRICS and loss of reserve currency status.

As someone from another country American have no clue how the US uses the US dollar as a powerful weapon.

There is zero chance in the next 25 years that the dollar will lose its reserve currency status. There are reasons for that not the least of which is that there is nothing to replace it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:My concerns is BRICS and loss of reserve currency status.

As someone from another country American have no clue how the US uses the US dollar as a powerful weapon.

There is zero chance in the next 25 years that the dollar will lose its reserve currency status. There are reasons for that not the least of which is that there is nothing to replace it.

Crypto

[Anonymous]

Anonymous wrote:

Anonymous wrote:There is so much work out there. These are jobs that white collar workers or college graduates don't want to do.
I can find 20 people jobs right now making $30-$40 an hour without experience. I just can't find anyone looking for a job or willing to work.
Today is nothing like 2008 when I couldn't even get a server job with 10 years of experience.
I'm in hard assets because of the money printing. I have also been through 4 down markets/crisis and will come through it easily.
No crash. It's just another decade when people not in hard assets are left behind once again.
We are going through rapid changes, not a crash of any kind.

This. Job market is not weak.

Yes, it is.