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posted ago by Death_Metal_Patriot ago by Death_Metal_Patriot +378 / -0

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.

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22
pnwhomebrewer 22 points ago +22 / -0

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.

9
WaaPow 9 points ago +9 / -0

Fellow ape and GME holder here as well, your thoughts mirror my own. Well said.

-5
populist_nationalist -5 points ago +3 / -8

You guys are right about gold and silver, but you are going to get killed with GME. The short squeeze days are over. Only 13.4% of the float is shorted now. Compare that to when the squeeze took place....over 100% was shorted. It's either going to be a slow bleed or a sudden collapse. Either way, you are going to lose money on GME.

https://finviz.com/quote.ashx?t=gme

2
FuckNewsom 2 points ago +2 / -0

"Only 13.4%" is seriously the funniest thing I've read all day, lol. Talk about your fake news...