For those who didn't see it over the weekend, I'm back:
https://twitter.com/TheBubbleBubble/status/1317605518723174406
In addition to my extreme frustration with the media world, which is overwhelmingly dominated by propaganda and disinformation, I became sick with coronavirus, which left me exhausted for several months. It's a very neurological disease, as I found out.
https://twitter.com/TheBubbleBubble/status/1317632795884257280
Earlier this year, I was in a very dark place.
As I've explained before, I'm a 2008 college graduate and I have a form of PTSD from the financial crisis that I graduated into.
When I saw how tens of millions of people lost their jobs in just a few months, it made me sick.
As I've explained before, I'm a 2008 college graduate and I have a form of PTSD from the financial crisis that I graduated into.
When I saw how tens of millions of people lost their jobs in just a few months, it made me sick.
For years, I had been warning in the media that our post-2009 economic recovery was bogus and unsustainable because it was driven by debt and monetary stimulus.
There was zero doubt in my mind that it would end in tears...in a depression.
There was zero doubt in my mind that it would end in tears...in a depression.
So, when I saw projections of -25% GDP growth, tens of millions of people out of work, and 100k businesses closed in just a few months (in the U.S. alone!), that was my worst nightmare coming true.
That put me into the deepest blackest place you can imagine.
That put me into the deepest blackest place you can imagine.
I felt completely betrayed by people - from the Fintwit trading community to economists to the media - who trivialized my warnings, treated them like a joke, acted as if it was free stock trading advice, etc.
I became extremely soured on sharing my ideas because of that.
I became extremely soured on sharing my ideas because of that.
Yes, I know that the pandemic acted as a trigger for this crisis. But why was it so severe?
Because of our incompetent "leaders" and government. I don't trust them and I never trusted them.
They're the ones who racked up so much debt, didn't foresee the '08 crisis, etc.
Because of our incompetent "leaders" and government. I don't trust them and I never trusted them.
They're the ones who racked up so much debt, didn't foresee the '08 crisis, etc.
I don't believe we're out of the woods.
Yes, central banks have staved off the market panic that we had earlier this year, but they did so with trillions of dollars worth of debt and newly-printed money.
They bought some time, but now fiat currencies themselves are at risk.
Yes, central banks have staved off the market panic that we had earlier this year, but they did so with trillions of dollars worth of debt and newly-printed money.
They bought some time, but now fiat currencies themselves are at risk.
To summarize, there is zero doubt in my mind that we are STILL heading for a global economic calamity.
My concern is not so much asset price deflation, but the destruction of fiat currencies themselves.
That will be the crisis that we can't print or borrow our way out of.
My concern is not so much asset price deflation, but the destruction of fiat currencies themselves.
That will be the crisis that we can't print or borrow our way out of.
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