No, this is much worse. In 08 they did one round of QE, no reverse repos, and it coincided with a housing bubble burst.
Right now at have
high inflation,
several trillions in QE,
trillions in reverse repos,
foreign pressure being put on the USD (thanks, China and US oil dependency),
A stagnant economy,
High unemployment,
A MASSIVELY inflated real estate bubble
The writing has been on the walls for a good 18 months, even before Rona. The USD is being destroyed.
What does that mean for us lay people? Buy physical copper, silver and gold. Start a greenhouse. Become as independent as possible. Buy guns to protect it all.
The vast majority of the wealthy elite are old af. When shit starts to really hit the fan, it'll be fast, and they won't care because they've already secured themselves for the rest of their lives.
No, this is much worse. In 08 they did one round of QE, no reverse repos, and it coincided with a housing bubble burst.
Right now at have
high inflation,
several trillions in QE,
trillions in reverse repos,
foreign pressure being put on the USD (thanks, China and US oil dependency),
A stagnant economy,
High unemployment,
A MASSIVELY inflated real estate bubble
The writing has been on the walls for a good 18 months, even before Rona. The USD is being destroyed.
What does that mean for us lay people? Buy physical copper, silver and gold. Start a greenhouse. Become as independent as possible. Buy guns to protect it all.
The vast majority of the wealthy elite are old af. When shit starts to really hit the fan, it'll be fast, and they won't care because they've already secured themselves for the rest of their lives.
So if land is overvalued, do not buy land except maybe for the sake of strategy and natural resources of value to a homesteader?