We haven't even started the economic crash yet it's just the warm up.
People don't get it how the banks and money system works and how the finances works and what's holding all the globe together.
I see a lot here even older members try talk like they know i see they got no ideas of anything.
Or they know but they try act like they don't know
It cannot be denied that none of us are economic experts, what we say here is only based on our understanding of the economy. The knowledge we gain comes from many different sources as well as from each person's own experience, so mistakes are inevitable.
But what about you, what knowledge do you have and what do you know about the operation of this world economy? I have checked some of your comments and I don't see you providing us with anything useful from your knowledge and insights.
More practically, does what you say on this subject happen as you said?
My wife and I have accounting and economics degrees and have practical experiences with economical work. I won't deny our economical skills.
I could explain why the Fed crashes the economy every 8-15 years. They are almost there with this crash.
Fast explanation is wealth transfer is needed for the system to work.
Shift rates up and down shifts the wealth around.
Study long term care companies like Genworth and John Hancock.
They hold over 1 trillion in fed bonds these are from fees of customers.
These companies along with 4-6 others have close to 6 trillion in holdings.
They can not survive at 1 or 2 percent rates.
They had poor credit ratings in 2021 they have greatly improved ratings now that rates are over 5%.
Wealth was deliberately shifted to them because USA can not let them fail due to m all the Fed bonds they hold.
but that wealth can't keep going to that industry because it hurts banks and real estate.
They will likely do a cut in Sept and stay fast after that.
They did not get a full crash last Monday. Once the they do cut then flat the markets will crash again in october.