to put this as simple as possible. Is the economy going to dump more and then eventually go back up, indicating a buying opportunity in stocks, real estate, etc. Or is all going to zero? Would I be safe if I invest in good companies or is it not worth it all,because the USDollar may go to zero? What are your thoughts? Should I take this as a buying opportunity or embrace the possibility of a complete financial collapse where my money is now toilet paper?
Im just a broke trade school student unsure about this whole shitty clown show, and dont want all of my money to go down the drain.
To go off topic a bit, Would trump even let that happen, because if you introduce a new financial system, what are you going to do if millions of hard working middle class Americans lose all their wealth from the old system?
My nephew holds your views about the market, but the only spoiler is what is being accumulating is fiat reserve 'dollars'. I have no faith when the 1950 'dollar' is now worth 3 cents.
What exactly are derivatives?? When you see a table of big banks that shows JP Morgan Chase holding 61 TRILLION in derivatives and the next seven holding at least 150 TRILLION in derivatives, where is the value there??? There is no bailout or bail in that could possibly happen. Asking for a fren...