Hey everyone,
Here is the article: https://www.zerohedge.com/markets/chinas-economy-suddenly-disintegrates-land-sales-crater-90
He summed things up nicely at the end: "Bottom line: Beijing is facing an economy whose wheels have suddenly come off, and unless China's political elite is willing to unleash another massive monetary and fiscal tsunami and bail out the economy all over again - something Beijing has repeatedly vowed it won't do this time - a hard landing, whether or not accompanied by a Volcker Moment, is virtually guaranteed."
I'm sure all the pedes here will have much to discuss about this.
Just prepare for absolute chaos across the board. Shit’s gonna get crazy.
Financial: GME, Gold, Silver, good crypto’s
Have a good bug in or bug out plan. Have multiple routes to your bug out location.
Food, Water, light and energy. Be diversified. Be able to provide all of these through as many avenues as possible.
Don’t be an idiot and make yourself a target. For my fellow APES on here don’t go around flaunting your tendies if MOASS happens. You don’t want fair weather friends and family to come after you especially after their 401k’s go to shit. Only my brother knows how many GME shares I have.
Make plans with like minded friends, neighbors and family. Have an idea who you are willing to help. Don’t tell non like minded people you prep. They will come for you and you’ll have to turn them down or worse.
If you don't mind me asking, are there any trading apps you recommend that still allow you to go long on GME? I know alot of the major ones clamped down on it during the first big rush.
The buy restrictions are over for now. Diversifying among brokers is probably safest. Avoid Robbinghood and others who turned off the buy button in January.
Direct registration through computershare then switching them to “book” shares is the way to save shares for the infinity pool and could be the catalyst needed to take the lendable shares out of circulation with the DTCC.
Not financial advice.