/biz/ - Business & Finance

I see a lot of threads here from people who just don't get it.

The financial illusion has popped. We are already in a global recession with no way to stop the coming depression. Get out of the markets now. This is a collapse of complex systems and civilizations. Nouriel Roubini chairman at RMA has been warning about the deadly combination of high personal debt and a global recession and credit crisis for sometime. We have seen worldwide panic buying for over a week and even murders in connection. Our systems are not set up for efficiency or sustainability they're made to be unstable to increase short term rewards. In most countries politicians engage in vote buying through unsustainable government programs, regulations, restrictions, taxation etc that needlessly increases the complexity and instibility within the economy and results in an economically illiterate population.

The stock markets have been overinflated by QEs and buy backs for many years and those bubbles have popped. There is no legitimate economy it's all smoke and mirrors. Most public pensions are invested in what are now junk bonds and they've already been written off. Every market is a house of cards built on a house of cards. Because of the worldwide debt this will quickly spiral into a depression. Due to exposure Banks will soon fold, the Airline and Oil industries will default and take them down, brent has fallen too low it will not bounce. The Fed announced "uncoventional" methods in other words they're going to buy the debt. Negative rates and QE will eventually result in hyperinflation. In the coming week-month you will see the down sizing of non essential employees basically everything that isn't a trade as companies prepare for this and that will cause crime to increase.

The US will lose its reserve currency status and massive consumer defaults will occur. Anyone with cash will put it in gold/silver. Billionaire investor Carl Icahn predicts the commercial realestate market will crumble.

$50 this year
Check them pls