Message from @VICTOR117

Discord ID: 659299640004313108


2019-12-25 07:33:10 UTC  

It's just fact

2019-12-25 07:33:20 UTC  

the "everything bubble"

2019-12-25 07:33:43 UTC  

The credit boom is hitting commercial real estate

2019-12-25 07:33:59 UTC  

for fucks sake, we have the gov preparing to deploy military against civvies for owning guns

2019-12-25 07:34:14 UTC  

shits just so, so fubar

2019-12-25 07:35:07 UTC  

I'm more concerned with the economy then Virginia tbh

2019-12-25 07:35:09 UTC  

cant even begin to describe it, except to say that societey has become so much more complex and delicate than anything anyone can control, and its just waiting for somebody to sneeze too loudly to all go to shit

2019-12-25 07:35:46 UTC  

>delicate
For some maybe, but no

2019-12-25 07:36:06 UTC  

shits getting increasingly wierd while we are in the biggest boom since the 80's, except this time nobody except for a few are actually making money

2019-12-25 07:36:21 UTC  

its the weakest "good" economy in history

2019-12-25 07:36:57 UTC  

Do you know what the credit boom is?

2019-12-25 07:37:34 UTC  

yeah

2019-12-25 07:37:36 UTC  

kinda

2019-12-25 07:37:56 UTC  

Like the whole thing pensions etc.

2019-12-25 07:38:16 UTC  

basically, if you subtract debt from profit you realize that shit isnt anywhere NEAR what its being sold at

2019-12-25 07:38:26 UTC  

Tax dollars used for pensions go into to credit funds and all that shit?

2019-12-25 07:38:31 UTC  

yeah

2019-12-25 07:39:49 UTC  

So you know how people's pension money is being used to artificially inflate stock prices with buyouts

2019-12-25 07:40:09 UTC  

Make them worth more than actual evaluation

2019-12-25 07:40:42 UTC  

im familiar with the concept

2019-12-25 07:41:23 UTC  

its similar to how companies are valued at high prices while not actually posting very high profits in relation to thier debts

2019-12-25 07:42:08 UTC  

if you subtract what a company owes from its actual profits you quickly realise that there is a huge discrepancy between stock market value and actual value

2019-12-25 07:42:42 UTC  

so, if you say i got $50, and am selling 50 shares at $1 a pop, vut I owe $40, and am actually only really worth $10

2019-12-25 07:43:25 UTC  

Basically, the trend has seen the people who manage these pensions decreasing the low yielding cash in favor of high risk credit investments

2019-12-25 07:43:40 UTC  

These has been going on for last ten

2019-12-25 07:43:42 UTC  

yeah, similar to the 2007 real estate crash

2019-12-25 07:43:44 UTC  

Especially 5

2019-12-25 07:43:46 UTC  

Years

2019-12-25 07:44:34 UTC  

I can claim I'm a fortune 500 company, but if 70% of my worth is loans given to people who have zero chance of ever paying, shits gonna fall apart

2019-12-25 07:45:20 UTC  

Well the companies usually don't go under (usually)

2019-12-25 07:45:29 UTC  

of COURSE not

2019-12-25 07:45:41 UTC  

profits are private, losses are public

2019-12-25 07:46:04 UTC  

they get a taxpayer funded bailout and keep going, they get richer and we get poorer

2019-12-25 07:46:54 UTC  

Yeah exactly

2019-12-25 07:47:29 UTC  

theres a REASON "they" are all buying up property in new zealand

2019-12-25 07:47:38 UTC  

and putting money in swiss accounts

2019-12-25 07:47:51 UTC  

they are preparing to suddenly not be american anymore

2019-12-25 07:48:14 UTC  

But I've noticed something that i never really paid attention to before when watching a discussion on the retirement crisis

2019-12-25 07:48:22 UTC  

"I'm not with them, I'm just a wacky eccentric millionaire expat in NZ! NOTHING TO SEE HERE!"

2019-12-25 07:48:49 UTC  

They like to zero in on particular industry

2019-12-25 07:50:06 UTC  

1990s- WorldCom and Enron
Then it was subprime housing
From 2009-2013 it was energy companies