First let’s examine how the Great Depression was kicked off.
Most folks think of The Great Depression as a result of the stock market crash of 1929, but that was not the start. What preceded the crash?
The value of the stock market almost doubled in just eighteen months prior to the crash with speculative buying. Then the panic sat in and the rush to sell by millions of stock holders created the crash. Does that remind you of anything? What was the market at when Trump took over? >10,000? Where is it now? > 33,000? Well yes it is.
Does anyone believe that huge gain is due to more assets, more wealth? I watched it grow and I never believed the value was there. It was pure speculation, but who was driving it. Trump touted the gains, but I think even he knew what was really going on, and their plan was a huge crash.
What else was needed in 1929 to really get the crash rolling? Runs on banks?
Every day we see panic pushed on how the banks are going under. What would a mass panicked rush to withdraw their money by tens of millions do? It would ensure the banks fail. Who would that benefit? It damned sure wouldn’t be the lowly customers. Stampeding the sheeple would kick off the Great Reset, just like the last Great Reset, that they named The Great Depression.
Did the filthy rich lose everything in the Great Depression? They still came out on top. When a rich man loses everything in the reset he still has enough assets to be rich. When a poor person loses everything in a great reset he is barely able to manage to feed himself and his family much less hang on to assets. They get richer, you get poorer. They have used this tactic throughout history.
What happens when a company is boycotted? Who loses? The rank and file stock holders lose. Who wins? Those that knew a boycott would occur. Who would know that? Those in the financial system that run the corporate board that implement the policies that kicked off the boycott? How would they benefit? Selling their stocks at peak price. Short selling even?
Short selling is an evil that should have never been legal, and should be one of the first things a patriot administration stops.
These thoughts are just my take on watching the financial news pile more and more bad omens on the people every passing day. The cabal needs a financial panic to trip off their next great reset, and their lapdogs in the media are doing their part to try to create it. I don't believe Trump and the whitehats plan involves losing everything you worked for all your life. If it does then there is no plan. If you believe in the plan don't panic. Panic is the plan of the enemy.
Back then you could withdraw wealth, real wealth, gold. Now, so what if they give you paper? it will be worthless anyway, there is no point in running to the bank, the vaults are empty. Tragic.
I'm not sure why you got downvoted, but I bumped you up again. I don't think people understand that the Reserve Requirement for banks is practically zero, so the vaults are as close to empty as you can get. Nevermind the speculating in derivatives they do too. While credit unions are "better" than a larger bank, the entire system is on life support + propped up on a fake financial system that was always intended to be crashed, in order to steal people's paper wealth.
I prefer the kind of wealth I can hold in my hand
I recently watched a homesteading type video where banks were mentioned. The person doing the video said that they tried to get just $200 from their bank (one of the ones in the news lately) and were told there was very little cash, so they couldn't get it all in twenties. What kind of problems did they have that it was hard to scrape up a few hundred dollars?
I'm no financial expert, but I would recommend drawing out a bit of cash to use as long as it can be, and use the rest to buy useful goods, food, tools, hardware, etc., and if you're well-supplied in that area, spend the excess on silver, or on gold if you have that kind of money.
If you need to keep cash in an institution for paying bills, etc., I would go with a credit union. I'm in NC and use one of the largest in the whole country, and it's owned by the depositors.
Do most credit unions still rely on large banks for clearing checks or card purchases?
I don't know. Mine is for state employees and everything clears almost instantly. I'm pretty sure there aren't more than a very few organizations that can clear payments.
Great advice, same way I live. I go with the rule of 3, 1/3 in the bank, 1/3 in cash, 1/3 in physical. Also prep up on food, fuel, and faith.
you can buy physical gold & silver
Personally, I am in the habit of buying gold but NOT from any dealers...Pawn shops and estate sales are valuable areas to mine....JUST sayin' and helping some out...TMYK...😊😊😊😊😊😊😊😊😊😊😊😊😊😊
the Great Depression of the 1930s was not a great reset - it was the "forcing function" for the Great Reset called the New Deal (and for which was are now forever enslaved)
FDR enters the chat (via wheelchair)
Look at real estate vales too. Unsustainable.
Everything is artificially inflated by cheap credit. As people’s rates roll over, many will be forced to sell. Theoretically result in a crash. It’s actually amazing this hasn’t happened yet.
Personally I think that they’re printing money to float the stock market. There’s no way it can hold its inflated value with so many people casing out. This desperate attempt to prevent a market crash before the 2024 election will come at the cost of a much greater problem… accelerated inflation and the collapse of the dollar. I think this is the big showdown between the white hats and the demons; whether they can hold the facade of a functioning currency for the next 18 months.
Not my house. It's valued less than it was a few years ago. But, thanks to Dave Ramsey, I'll have it paid off before long.
Is there a way to tell if someone shorted Budweiser?
Forgive me for not knowing much about finance and history, but this thread has given me a question.
If the Great Depression was fabricated and meant to further enslave us, why did things improve? What caused them to improve? Or were things actually not that good in the 50s?
Where could I look to learn more about this kind of thing? For the first time in my life, I'm actually interested.
The major factories and industries were bombed in WWII and America became the world's factory after the War since it was untouched. This is the reason life was good and prosperous in the 50's.
That situation has changed, however. It was only a temporary situation while the countries rebuilt themselves. America couldn't be that prosperous forever. That sort of prosperity wasn't sustainable. Nothing like that will happen again barring another world-wide calamity that forces the matter.
I would assume things were better in the 50's 60's & even 70's because back then, the father went to work & the mom stayed home. Now both parents need to work to raise a family.
Why did things get better? IDK exactly but I would guess it's only natural. Eventually, the cabal figured out more unnecessary everyone has to do to tie up people's time. IDK exactly but I'd guess that a big part of that is trust. You know, how safe is it for your child to walk home? How safe is to do business? (Will your customer rip you off?), How likely is your spouse going the cheat on you & leave? etc etc If things like these are not safe it costs us more of our time - or money in order to get by. So all the cabal needs to do is degrade the morality of the nation & people will have to spend their time just getting by. That means more power to them.
Where to look? Just think it out & remember what people used to say. I also like to talk to people & ask them things. For instance, if I meet someone from another country I ask them questions. Just the other day. for instance, someone told me that business has started picking up again (in a city which was going down hill for a while) I asked them was it about 5 years ago (Thinking it would be Trump related) & he said: "yeah, about that." (It just verified what I already know about Trump but that's what I mean, I just make conversation & ask questions like that. This board here is also a great place to look)
It’s a long term plan to capture everything. After the war, things improved in America (which was relatively unharmed and captured most of Europe’s gold), but Europe had gotten decisively worse. The contentment has basically been captured at this point. Most of the people there don’t realize it yet because they can still make ends meet (mostly due to cheap debt).
Now they’re after America, and this is pretty much the last stand against global tyranny.
The great depression preceeded the last attempted reset which failed and need a second world war to reboot things. We're currently living in WWIII, but it's a 5th gen warfare using primarily information and bio warfare, with a great depression mk 2 running in parallel to kill the old financial systems. It is an impressive, multifront battle that is going to truly going to be biblical.
Biblical https://rumble.com/v2oqhkq-fifth-generation-warfare-general-michael-flynn.html
If there’s one thing I’ve gotten pretty good at, it’s pattern recognition. The Great Depression was to kick off their global communism Great Reset almost 100 years ago, after WWI devastated Western nations and populations, AND the Spanish Flu! But Germany broke rank with their economic miracle that broke their propped up illusions of communism as the only solution. So WWII happened, and their whole plan was temporarily foiled, and had to be put on the back burner for another few generations, while they continued to consolidate their power and grip over the world, and now history is repeating itself!
Or “war” or “Ayyys” or “nukes”
No short sales?
I defy you to deliver a logical explanation why.
Short sales are the way the cabal's puppets get rich and force companies into the tank that don't follow orders. First they dump any stock they actually have in the company at premium prices, and they borrow more stock to sell knowing they intend to tank the stock with their massive sell off and/or legislation, or negative press. When the stock tanks they buy stock to cover their short at bargain bin dollars. Short sales are just a very good way to manipulate the market, and ruin companies that won't play their game. Who takes it up the ass for the money they stole. The little guy in his private accounts and in his retirement accounts. Short selling is just legalized theft.
I am a little surprised that you don't seem to understand the manipulation.
Then HOW do people lose their ass on short positions as well?
You haven’t made an argument that makes any sense whatsoever. It’s Reddit amateur gobbledygook. As a matter of FACT it’s MUCH easier to drive a stocks price up by just using unlimited margin and capital and just endlessly buying.
Every one of you arguing against shorting has no idea of the actual mechanics taking place.
Answer this question: GameStop has 1.5 billion in capital reserves and supposedly the play is waiting for a short squeeze, just buy some and to the MOOOOOOON they say.
Why wouldn’t GameStop just buy a bunch of GameStop and trigger the short squeeze themselves and make moon money?
Why haven’t they already?
Look at the whole GME fiasco. When massive amounts of buyers got in, it crushed the short hedge funds. So much so, they had to cover their shorts in thousands of other companies causing the market to spike big time to pay off their losses there. Penny stocks went up big time because they have been getting crushed by short hedge funds for years. This is what caused stocks to soar in early 2021. Then you had China supply issues, so all of the big corps raised their prices causing massive inflation. Then of course they increased interest rates and hedge funders readjusted their short positions and most of the penny and tech stocks lost every bit of value they gained from that, and more, which has now basically stalled the market and GDP growth. The market wants to explode but the hedge funds and their AI programs simply won't let it.
It allows certain people to profit by forcing the value of the stock to go down, which is much easier than forcing the value to go up. Just look at Bud, Fox, and perhaps Nike.
The same works for the upside. This isn’t an argument.
How can you reliably force the price of a stock to go up? It's a whole lot easier to make it go down. Just one stupid woman caused Bud to lose millions. Perhaps she shorted some stock.
Glad you asked. How can you reliably force it to go down?
Once you’ve answered that, assuming you’ve thought it through correctly, you will realize that you CANNOT “RELIABLY” either direction. You’re being sold a falsehood by morons.
How can they force it to go down?
Its called Cellar boxing.
I'm pretty sure that it was a certainty that the woke Bud Light campaign with Dylan would force the stock price to go down.
Yup! Good call. And being that sure you should be shorting.
But people on this site are all about banning shorting. They are all about taking away a tool that guarantees FREEDOM to go either way on the stock market.
Imagine that.
I think the reason to ban shorting has more to do with so many criminals who are in a position to make a stock go down.
Ok you definitely shorted GME. That explains a lot.
Just FYI the Dow was 18k when Trump took office, not 10k. But the high for the Dow was 36k so it did double.
I wasn't sure of the exact number. That was why the 'greater than' 10,000.
I remember when the Dow first cracked 800, and it was a big deal way back then in the 70s.
Speculation, speculation of futures, futures, hedge funds, currency manipulation, after hours trading, and any other predatory and questionable trading practices need to go, too. If it isn't tangible, it shouldn't be allowed...period. If it doesn't exist in the real world as a real, physical asset, it shouldn't be allowed. Especially when it comes to currency.
Then no stocks.
You haven’t the foggiest idea what you are talking about.
I’ve already lost everything I’ve worked for in my whole life so….. jokes on you op!/s
I hop on Twitter, and go full retard all day.
Freals.
Watch the price of XRP.
I'm busily converting most of my modest nestegg into gold. Not as an investment, but as asset retention. Ampex has a CC offer of 150 CB on a purchase of 1,500 and you get 4% cash back on top of that. Using 2K as spot price on ounce of gold, gives you 150+160 which puts you below spot on that first 1 oz bar. Top that off with 0% interest for a year, and Visa signature services....
My intention is to buy gold ongoing with cash (no CC surcharge) and keep the CC from Ampex as close to 74% until the 1 year passes. Note: Your credit score takes a hit if a card is over 50% and another @ 75%.
I'm done with credit cards. Debit card makes everything come directly from the checking account. And it works like a credit card at motels and online. BTW, after you pay off everything, your credit score disappears and is irrelevant. Unless there's a disaster, I'm not getting into any more debt of any kind. My current car is great, so I'll drive it a few more years and save up enough to buy a new one cash. I'm in my forever home, so I don't have to worry about getting a new mortgage ever.
Yeah, banks are not anyone's friend. I only get the CC to take advantage of the welcome bonuses and no interest for xxx months etc... I don't pay interest because I pay off the entire balance monthly or when the 0% time frame expires.
By the way you have less legal protection with a Debit Card, so you have to keep a close eye or you can lose out on scams. IE fraud has a time limit on Debit cards.
I've never been able to get one of those zero interest deals.
I keep my debit card far away from iffy stuff.
Exactly why I use a Capital One credit card to pay for stuff on the Internet. Not only do I get better protection, but I use their virtual card numbers on everything. Each place I buy something from gets a different credit card number, and I don't have to worry about my debit card being stolen and used. I've had that happen twice, once someone bought 2 iphones from T-Mobile and tried to charge up around $3k (T-Mobile refunded my debit card when I filed a police report) and once at some Chinese food restaurant a couple thousand miles from me. USAA stopped that one. I lost no money in either case, but I was without a debit card until USAA Fedexed me a new one - a hassle.
Using the virtual card numbers through Cap One (and other places have them too) works great, I get cash back, and I immediately transfer money to pay the card off so I don't pay interest.
If you can do this without running a credit balance I highly suggest it. ONLY if you pay it off each time though.
Wow! I learned something new re: Virtual CC numbers, and I have a Capital One Card...
I had Uber add two fraudulent charges to my bank account, but they fixed it before I contacted them.
Another time I was cycling and stopped at a sandwich shop I had had a sub from in 40 years, I used a CC that I hadn't used in a long time, but the CC caught it and notified me. They bought gas then bought 300 bucks in food. Apparently they skimmed my card number...
Be careful with that friend... I believe most states still somewhat base your car insurance rates partially off of your credit score. If your score is lower you get a higher rate. Here is a good article on that: https://www.experian.com/blogs/ask-experian/how-much-does-credit-score-affect-auto-insurance-rates/
I've always had rates that depended more on the age of my vehicle than anything else. Car insurance will be way down of the list of worries if everything collapses. And without any debt at all, paying the car insurance is easy, just a little over a hundred a month. Also, if you have enough money, you don't need car insurance. You can self-insure. Rush Limbaugh said that's what he did.
You ought to max out your CC and not worry about paying it back. During the Great Reset the court system will fail and need to be rebooted, thus no more adversarial actions can take place against people not repaying their CC debt. As long as you could afford the monthly payments until the start of the Reset, then you should be OK. ;)
Yeah, I keep my credit score above 800 and have made a lot off CC welcome bonuses. Also quite a bit moving my Direct Deposit... Banks offer these deals because they come out ahead with most people... I just use all my CC cards enough to keep the account open, and apply for new cards when I find one with perks I want.
Amex gives me 3% Cash back at Publix, an upscale grocery chain, but has BOGOs all the time, and you only need to buy one and it rings up at half price.
My Citi card has a Cashback bonus of 5% on your leading category. I let my wife use that card...
Should the unthinkable happen, I might have to use my CC's...
Social Security is protected from being garnished as long as you only have 1 checks amount in the bank ...
I have a score of 803 and rarely if ever used CC. Had a Kohl's card that was canceled because I never used it. Had a Penneys card years ago. Never had any others. Bought a house in the early 80s. Paid $40k @ 13%. Paid my ex his share when we divorced in the early 90s. Refinced it to by 14 acres of land in late 1999 but Bush was coming in so never built and moved. 2nd husband died but that land is paid for. I owe about $20k @ 4% on the original home. Bought a new vehicle every 10 years or so, took very few vacations and paid the bills. I dont have much in saving because I was the only breadwinner for many years, had two degrees to pay for and had a couple of layoffs that made me use savings to survive. if i can do it anyone can.
Yeah, I retired early and built a house abroad and we lived there for 3 years on savings. Between the house and living on savings my nest egg looked pretty dismal. I'm not trying to save anymore as I want to enjoy my remaining years, so I keep my nest egg at a certain level then spend the rest of my extra money. I had to return to work when we returned to the USA because SS isn't enough to live on.
Similar situation on buying a house in the early 80's, but I sold that house and leapfrogged from condo to condo paying cash each time. That's where my nest egg came from. Not sure if it has changed, but used to be no income tax on profits from a home you sold after living in it for at least 3 years.
Now I own nothing in the USA and prices are crazy high, at soon to be 65 I doubt if I would able to pay off another mortgage and have no one to leave a house to in the USA . My wife will retire and live in our house abroad.
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