Are we seeing 1929 coming?steemCreated with Sketch.

in #busy5 years ago (edited)

Stocks are dropping and there are FEW buyers. Sounds familiar? This is how the 29' crash started

When people are trying to sell a stock they offer it for price X, it doesn't sell, so they lower the price - doesn't sell - they lower it again - doesn't sell - then lower it again - so you get a precipitous drop in the stock price . Understand, we saw the same things at the start of the 1929 crash, also The Dot-Com bubble also 2008 crash... same thing. A massive skewing of sell orders with not too many buyers.

Anyone who is not concerned about the distortions which exist within every aspect of this market - the price action of every asset is not real. We are living in financial fake environment. All of the world's central banks are working in together to create this environment. There's no bubble ever in history, larger than the one we are existing under - right now. The debt bubble and world central banks have created this with their leaders on purpose who want to keep it going. The drug (known as easy money pouring into this market) is now becoming toxic.

People are getting robbed daily, and they don't see it. They're accepting returns on their interest earning accounts, like a savings account. But by keeping your cash in the leases in the banks (because rates are being suppressed) you're not earning a real rate of return. You are not even keeping up with the actual rate of inflation. It's a game. It's a terrible game that is being played.

Now, the yield curve is totally flattening out - part of it is even inverting. It looks like the entire curve is going to invert, and that appears to be a prelude for some event to occur and it will be like one we have never seen before.

yield.JPG

We do not have a real economy anywhere in the world. It's all being filled up on the back of easy money interest rates , so we have false believe these are real markets

Most people have no idea that this is how it works

A lot of people are concerned about what we're seeing

The distortions are too big. We understand that the meltdown is going to be just as big as it has risen to, so it's going to devastate people when this comes.

Every World Central Bank's product is debt ! That's all they offer

You have to look underneath it to realize what's going on here it's a grand plan to fleece the middle class. It always is a wealth transfer effect from the masses to the very few. Most people don't understand that. When the markets fall, more cash is made faster than when they rise. You can make money in this market on the long end - meaning that when stocks go up or on the short end you bet against the market this is what all the major banks did during the last crash and that's what they're going to do again....

Webp.net-resizeimage.png

Sort:  

CryptoBloggers

Congratulations🎉, You received a upvote👍 from @Atombot


All Cryptoblogging Community at one place. Introduce CryptoBloggers. Let's make Bigger and Better Community for Every CryptoBlogging platform.

👉 Delegate to the Atombot 👈

1 SP | 5 SP | 10 SP | 50 SP | 100 SP | Custom SP

👉 Join our Discord Server 👈

CryptoBloggers Server

👉 JOIN US ON 👈

Steemit75x75.png golos-75x75.png scorum-75x75.png wls 75x75.png smoke-75x75.png weku 75x75.png

Congratulations @atombot ! You received a 16% upvote from @kryptoniabot & @kryptonia for your task of 300 SUP Today.

Remember to receive votes from @kryptoniabot

Run a task on Kryptonia.*Join free here Kryptonia Account
Use the tags KRYPTONIA or SUPERIORCOIN in your Steemit post.

Delegate to the Kryptonia Upvote by clicking links: 10SP , 50SP , 100SP , 500SP , 1000SP

Due to an increased amount of tasks, we have changed up the voting power to evenly spread out the Upvote amount.

@worldfinances, tvoja objava je dobila 100% upvote od @teamslovenia!

Kako dobiti upvote?

Pridruži se nam v Discord strežniku!
Uporabi TeamSlovenia upvote bot!

Kako lahko tudi ti pomagaš, da bo @teamslovenia bot močnejši?

Delegiraj steem power - 50 SP - 100 SP - 500 SP - 1000 SP - Po želji!
Sledi upvotom od @teamslovenia - Navodila


Ta projekt podpira Steem Witness @fbslo - Glasuj zdaj!

Curated for #informationwar (by @commonlaw)

  • Our purpose is to encourage posts discussing Information War, Propaganda, Disinformation and other false narratives. We currently have over 8,000 Steem Power and 20+ people following the curation trail to support our mission.

  • Join our discord and chat with 200+ fellow Informationwar Activists.

  • Join our brand new reddit! and start sharing your Steemit posts directly to The_IW!

  • Connect with fellow Informationwar writers in our Roll Call! InformationWar - Contributing Writers/Supporters: Roll Call Pt 11

Ways you can help the @informationwar

Hi @worldfinances

Luckily in current days there is more regulations protecting people from impact of crash. As far as I know back in the days banks didnt have pretty much any reserves. Plus couldnt print money as easily as they can do it now.

So can 1929 repeat? Im not sure. I cannot imagine that there wont be enough money for people willing to withdraw. Banks will print like crazy and we may face hyperinflation like Venezuela just did. But that's a different scenario comparing to 1929.

Wouldnt you agree?

Every World Central Bank's product is debt ! That's all they offer

Indeed. Our economy is based on debt. And again - hyperinflation can be solution. It will make us all broke but debt will be "cleared".

ps. isn't hyperinflation also good for those who have loans and morgages?

yours
Piotr

Like always...markets will come to its real value. This is nothing new. It's always the same story, it's just packaged in different paper (banks have trillions of usd, packaged in derivates- derivates are investments, worth nothing,so to speak-, stocks are in boom and going bust, bonds are making turnaround from 30 year boom, real estates in western countries are totally overpriced....while silver and gold are traded by banks only in numbers (fake trading), not grams. As the prices of silver and gold should already be sky-rocketing.

If let's say US wants to sell something, the other country has to buy it. Right? But who will buy anything if USD is plunging? And why would any country exchange or give their currency, when some of the biggest are falling? In such cases US (or any other country) would become very cheap in matter of weeks....
I hope you will not be surprised. Hyperinflation is not good for anyone. Not even for bankers. And the only way out of this is new currency or even better...new money . Money is currency, backed up by silver or gold. And countries like China and Russia are buying gold and silver for few years straight now. And US is even about to dump dollar and inverting into other currency or even money in next years. Years ahead will be very interesting.

WF

hi @worldfinances

I really love how responsive you are. Indeed steemit needs more people like you and I :)

It's always the same story, it's just packaged in different paper

I like the way you described it.

Thank you for taking the time to reply. I really value your comments. You've asked some good questions. I may not sleep well because of you tonight ...

Hyperinflation is not good for anyone.

Again, what about those who have loans and morgages? When I was just a baby we had hyperinflation in Poland and I've learned that it's just meant that wealth has been moved.

Those who had 20-30 years morgages were able to pay it off within less than a year.

Years ahead will be very interesting.

That's what I believe too. I was told by someone wise many years ago: I hope we will live in boring times. Not interesting ones.

Yours
Piotr

Loading...

Congratulations! This post has been upvoted from the communal account, @minnowsupport, by WorldFinances from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.

If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
Be sure to leave at least 50SP undelegated on your account.

YOU JUST GOT UPVOTED

Congratulations,
you just received a 11.74% upvote from @steemhq - Community Bot!

Wanna join and receive free upvotes yourself?
Vote for steemhq.witness on Steemit or directly on SteemConnect and join the Community Witness.

This service was brought to you by SteemHQ.com

Coin Marketplace

STEEM 0.35
TRX 0.12
JST 0.040
BTC 70753.86
ETH 3589.34
USDT 1.00
SBD 4.75