Originally Posted by
Cuse0323
Obama was just calling for credit not too long ago when the market was at an all time high, and the economy booming. Whose fault is it now? I lose track of all this shit. My neighbor stopped me today when I was leaving the house to tell me all about how the bubble is finally bursting, and we’re screwed. Similar to ‘08, but no amount of bailouts will save us. Maybe for a short amount of time only.
I guess he knew someone in ‘08 that was a big shot, and sat at the table with world leaders discussing how to save the economy. We were 48 hours away from a worldwide credit freeze. Trucks stopping, stores closing, and it would be every man for themselves since no money was moving.
He seems to think that this is gonna be Great Depression type shit coming up. After we stopped the gold standard in ‘71, we had a 50 year max of holding the market together, and time is up. Half of us will lose our jobs, and we go the way of Venezuela. We will need to go back to gold, and silver behind us. Something backing the dollar. This is just the beginning of our demise, and the market is gonna go as low as 5K.
Or everything needs to go digital, and/or the way of crypto currency. The powers at be will have their finger on the pulse of everything, and we finally go away from cash completely. I don’t know. Guy sounds like a conspiracy nut who takes what he sees from some guy on YouTube as the gospel. I guess this guy called the market crashing a few weeks ago.
So, my neighbor is telling everyone how he called it, and saw it all coming. Guy was talking to me like I’m a moron, per the usual, like he always does. Explaining to me how buying stocks on the margin works like I have no clue. And that those who do so just learned that they owe now when the market dipped.
He’s been studying this shit for the past 5 years, and thinks I may have missed 2008 since I was only 20. I didn’t mention to him how I got involved in 2009 when I had a quarter mil thrown at me, which was mostly in stocks. Easier to just make the guy feel smart, and act dumb. He once told me that I reminded him of his autistic son because I’m antisocial, and weird. Until he saw me come home with some blonde dime. Which I have no recollection of, but then he changed his thoughts on me to just being a junkie. Guy needs attention, and to be smarter than everyone, but fck it I care. I just smile, nod, and act like a big ole dummy. Prepare for the worst, if you believe him. He says that if the market made you feel rich after it’s rise, that you’ll be in for a rude awakening soon.
I tend to think that a lot are thinking that way and selling off. It will bounce back.