Michael Burry is calling for a worldwide financial collapse, saying it’s unavoidable
No one knows how or when.because every year there’s many reasons for a crash. Banks normally run the show. And decide the level of credit. The sudden drop in gold and silver prices might bankrupt some banks and instutions which were leveraged.^We're overdue for a major correction that could be much worse than the last one in 2008 or the dotcom crash in 2000, Burry and other doomers are right about that aspect, but no one knows how it will go down.
I hope not since I've said 2027 ... no whammies ...maybe 2026 is the year we will see a recession.
If you predict a crash every single year eventually you'll be right...
Maybe, whatever that means. We've been through this before and I'm sorry for your friends who lost their ass in 2008, but I don't remember anything remarkable about 2008. Why? Because I wasn't playing all these jew games, and so I didn't win (or lose) any jew prizes. I'm not bragging here, just saying that all this talk of "crashing" and "recessions" doesn't affect you if you are completely detached from The Matrix and financially divested from (((The System))).... maybe 2026 is the year we will see a recession.
Exactly. But "the date" of "big troubles" becomes mostly irrelevant if you're divested from The System, have no debt, and have all of your net worth in mattress cash and 3-dimensional objects that you have physical possession of (paid for house, land, vehicles, etc.). No way in hell I would keep my money on a computer, in a bank, or on a piece of paper (stocks/bonds) in this day and age. Remember, possession is 9/10ths of the law. Have you ever tried to pull 50K cash out of a bank? It takes days (if not a week or more). Now think what it would take to pull a million dollars plus in cash out of (((The System))) should a bunch of other 401K millionaires try to do it at the same time you do? Could take weeks, or in a worst case scenario it may never happen... "Oops, sorry, we don't have it."Looks like we need to edit the title again....
At least metal is as tangible as any other object.It's one of the strangest things here on CiK, all these guys think some kind of financial and/or societal collapse is at our front door (unlikely) but insist on continuing to keep all their financial holdings within The System (and yes, Bitcoin, and gold and silver to a lesser extent are all within The System).
It is strange that you don't understand what decentralized means.It's one of the strangest things here on CiK, all these guys think some kind of financial and/or societal collapse is at our front door (unlikely) but insist on continuing to keep all their financial holdings within The System (and yes, Bitcoin, and gold and silver to a lesser extent are all within The System).
I understand what it means, it means that anything done on a computer or the internet is by definition centralized. You do know what the terms "hacking" and "The Surveillance State" mean don't you?It is strange that you don't understand what decentralized means.
This is the logic that thinks that you on "your farm" using "cash" is all beyond the surveillance state.You do know what the terms "hacking" and "The Surveillance State" mean don't you?
Nobody, including (((The Surveillance State))), really knows anything about me (much less where I'm located or what I own), unlike yourself who is on the very public (((Bitcoin))) ledger. Hopefully one day you don't wake up to find that your Ukrainian girlfriend who is 30 years your junior has installed a keylogger on your laptop and stolen all your so-called "decentralized" assets.This is the logic that thinks that you on "your farm" using "cash" is all beyond the surveillance state.
They know nothing about you, you're a modern day Uncle Ted. I get it.Nobody, including (((The Surveillance State))), really knows anything about me (much less where I'm located or what I own), unlike yourself who is on the very public (((Bitcoin))) ledger.
Yup, hopefullly.Hopefully one day you don't wake up to find that your Ukrainian girlfriend
Mind you fiat doesn’t protect from that either. If your fiat cash is stashed in the attic or buried in the buried in the backyard your Ukrainian girlfriend could still run off with it. Nothing in this world is completely theft or confiscation proof.Yup, hopefullly.