You said it. The sheeple just refuse to listen or to believe it. The MSM pounds them for years that the U.S. economy is strong and has recovered.

O rly? Then how can a little virus outbreak suddenly cause complete economic breakdown?

Because the economy never was strong. It never returned to awesome like they hoped. It was fragile as hell ever since the Financial Crisis, just hanging by a thread. Money printing and market injection is/was the only thing keeping it going.

OT: Proof that oil markets are rigged and the people are getting screwed?

Crude oil basically falling since Oct 2018, crashing now 30%....

yet gas prices at the pump have barely budged since...well, 2013.  

A lot. j/k  

Actually the distinction is important, especially for n00b investors to understand, because they are led to believe that all this buying or selling is greed/panic driven by hundreds of thousands of mom and pop Bitcoin holders. Not even close to true. Whales control 99.9% of the price action.

And Whales never truly sell; they short (which means that are still net buyers, just at a lower price). HUGE difference between shorting and just dumping. They are trying to trick longs out of position. They want everyone else on the sidelines, in fiat, basically all the way up.

"people"

As you've already indicated, it'll never happen when the 'entrenched interests' are the ones in control of the corrupt system in the first place. Too much money to be made off the chronically sick and elderly in the U.S.

Yeah, I like those guys.

Funny how convenient that this virus outbreak popped up in China, just as the golden years there were completely waning? Why didn't it appear years ago during the boom times in China?

So so convenient that timing... The Club just loves a good FUD 'black swan' just when markets are peaking/sliding.

If any of you guys talking about China want to know what's really been going there for the last ten years, check out this short summary video. It's by an American fluent in Mandarin who lived over there during that time.

https://www.youtube.com/watch?v=ed4ryYokLzU

It keeps crashing upwards against the USD, many times in fact.

What people have to understand is that it's the same shit either way.

One party wants to slow down the printing press, but wants to tax the middle class more to compensate.

The other party wants no more taxes on the middle class, but wants to keep the printing press going to compensate.

Either way, we're all fucked. The purchasing power of the dollar continues to fall, houses/things get more expensive, no one gets raises, everyone gets more in debt, etc.

What's going to be funny as shit is seeing the media's reaction when this Coronavirus situation blows over.

They'll all be like, "Ok world, the virus is licked now, you all can go out and shop again! Have fun and spend freely!"

And it'll be fkn crickets.

Everyone was completely broke and deep in debt before the virus came, and so they sure as shit still will be after the virus runs it's course.

Nothing will have changed. There won't be any pent up demand. People will still stay home.

The global deflationary environment will still continue.

The Fed rates will eventually slide into the negative.

How long until all confidence in the USD is completely shattered? Tick tock, tick tock.

Of course they did. The Fed has been leaking decision info to "the club" since forever.

I think it's time we called in the real Guardians. These fakes are toast.

Hell, an average of ~102 Americans die every single day just in car accidents.

An easy case can be made, especially since the Financial Crisis of 2009, that these virus outbreaks have had little to no long term impact on the markets.

And that shouldn't be a surprise, since we are in a long term melt-up. All the growth economies of the world have been negative since 2009. Nothing will stop the Fed and the CBs from keeping this market moving North. Because supply chains don't really mean shit when actual demand has cratered a long time ago. Welcome to the world zombie economy.

Ask yourself, will what is happening right now even matter in 5 years? Nope.

#BUYBTC #BUYPMs #BUYANYTHINGDEFLATIONARY

How much news can the fake news fake, while the fake news fakes, fake news? 

But again I say, how "convenient" that they were already supposedly doing this research and how "convenient" they stumbled on the same supposed mechanism?

This is all just Truman Show bullshit. It's a completely managed market now; they needed a correction (to take profits and reset their long positions), and they needed a FUD excuse for a correction. That is all. Same fake shit they did in late 2018.

They won't let the market fall for long. It's a melt-up. They need to keep pumping it, seemingly forever. Either that, or we get another Great Depression. The Fed will take rates to near zero.

And of course they'll magically have a vaccine ready in 2-3 months. Right when the world stock market needs some good news. How convenient timing, eh?

Fuck off n00b troll. Been here waaay longer than you.

PSA Fun Fact:

'Shorting' is not the same as 'dumping'.

Shorting is when someone smarter than you is actually buying your coins that you just panic sold at a loss, because you have a spine of jelly.

This is why you are not wealthy.  

Yes, absolutely, I believe we have been in a global deflationary economy since the Financial Crisis in 2009. There has been no real economic growth since then. All the media delivered so-called "growth" has been completely fake and almost entirely fueled with low-interest debt. That is why the Fed cannot and will not raise interest rates, it would crash the world markets and usher in a new Great Depression, but on a global scale.

Remember that something like ~40% of U.S. companies are now zombie companies, each one propped up by the banks (through cheap debt) in order to merely employ tens of thousands of people to pay them a salary so they can then help consume stuff (in a U.S. economy whose GDP is 70% consumption-driven). The U.S. is the major global consumption entity of the entire world.

Why do you think that all these mega IT/Tech companies have shifted focus over the last decade to collecting and selling user data? They're selling the user data to the marketing departments of retail and wholesale goods suppliers, because they want to more acutely target consumers to sell them more shit and more services (that are not selling otherwise, because demand has dried up). They are completely desperate to sell everyone more stuff, but people can't afford more stuff, and now even their desire for more stuff has cratered.