Greetings, fellow Patriots! This subject has been on my mind for quite some time now, but I didn't want to post here for fear of a backlash. But here goes.
Many people say a serious crash in the stock market is part of The Plan. What about those of us who sacrificed and saved and skimped to pad our retirement funds/IRA'S/Nest eggs, etc?
My husband and I aren't rich, but we've planned for our retirement for the past 30 years and should be able to retire comfortably, which is only a few years down the road. What will happen to all of our hard work, and everyone else who has done the same?
Please don't bash and say I'm missing the bigger picture. We have worked hard for what we've built! I just don't see Trump allowing the average Joe's life savings go up in smoke!
Thoughts, please.
Crypto is worth exactly the amount of faith that is backing it at the moment. Unless it is an asset backed crypto (which do exist, but are only worth what the asset is worth) it has no other value except what the Elite (who own most of them) say they do. Why do you think the crypto market moves together? It is a pump and dump asset for the PTB.
Please see Part 1 of my report to get a better understanding of what the stock market really is. It is nothing more than an asset transfer vehicle for the Elite. ETFs (like all other funds) take your money so that the PTB can own all the companies. You own nothing. You own withdrawal rights for the fund, nothing more. The fund managers (or custodian banks) own all the companies. The funds are not backed by anything, and if the holder of the fund goes under, you are screwed.
Part 2 and 3 of that report will further elaborate on these issues. For now, this is sufficient.
If done right (stock purchases registered in your name), then you have legal ownership rights in the companies themselves. If the stock market crashes, the underlying stocks will still be worth what the company is worth. The fund on the other hand relies on the company that owns the fund and has nothing to do with the underlying stocks except in that those stocks count as an asset for the company that owns the fund. If the company gets liquidated (which I predict will happen in droves to banks in the near future) those assets are liquidated and used to pay off debts. Part of that debt belongs to you because of your contractual withdrawal rights, but only a small part and you won't be first in line. It's also only worth whatever the stock is worth at the time, which will be rock bottom prices in such a scenario. If you own the actual stock in the underlying companies however, you can simply hold on to the stock and when it rebounds (assuming not a total societal collapse) you will have lost nothing.
In order for Funds to be a "good" investment two things are required: