15 Jan “False dawns”
Is anything real in these markets anymore? Is there any way we won’t see a bad scenario play out post-omnibubble?
“Billionaire real estate tycoon and neighbor of former President Donald Trump, Jeff Greene got rich off the housing bubble collapse that sparked the 2008 financial crisis. Greene bought credit default swaps worth billions of dollars in which he profited directly off bonds backed by subprime mortgages. In July 2008, 21 percent of mortgages were underwater while Greene propelled his net worth, which now sits at $5.1 billion. All that aside, Greene today says the U.S. economy has been operating in an omnibubble. ‘We’ve been in an omnibubble, there’s no question about it,’ Greene told reporters at Forbes.” –https://marketrealist.com/p/what-does-omnibubble-mean/
In some cases, there’s not even a sense of reticence. These folks tell you who they are and what they do!
Hype the economy up ➡️ create inflation ➡️ overheat the markets ➡️ encourage more debt ➡️ tell the peons it’s all gonna be just fine ➡️ crash the damn thing and scoop up whatever you want on the cheap.
We’ve seen this movie before, folks.
“A giant recession is coming.
Can you feel it?
Corporatist governments are now predicting it will be the worst recession since the Great Depression.
Central banksters are practically gleeful in their interest-rate-raising announcements, framing themselves as the saviors of the economy in the fight against the very inflation they caused in the first place. …
But you and I will know the truth.
Just like 2008, 2023 will have been yet another round won by the parasite anti-economy at the cost of the real economy.
Millions will lose their life savings and declare bankruptcy.
Tens of thousands of businesses will close their doors, giving monopolies more power over suppliers, employees, and consumers.
Millions will lose their homes and become rent-trapped for life — paying so much to parasite land-lorders that they’ll never be able to save up enough of a down payment to ever own again.
And what will become of those poor, dear, sweet billionaires and their mega-corporations who engineered this whole ‘crisis’ from the start?” -Jared A. Brock, https://survivingtomorrow.org/hyper-elites-are-desperate-for-a-recession-because-they-want-to-buy-your-assets-for-cheap-1e8800f836
IMO, it’s wise to beware of anyone trying to convince you that whatever is coming will be mild and gentle. It’ll be a soft landing. It’ll be unremarkable. 😒
Uh, I’m not so sure about that. We received the same kind of hot air and bullsh*t during the Great Recession / Global Financial Crisis.
The goal is to keep the unwashed masses calm and zombified so they don’t make too much ruckus. Hell, this article blames The Great Depression on the commoners:
“The U.S. appeared to be poised for economic recovery following the stock market crash of 1929, until a series of bank panics in the fall of 1930 turned the recovery into the beginning of the Great Depression.” –https://www.federalreservehistory.org/essays/banking-panics-1930-31
Keep working. Keep living. Keep dying. No bank runs. No panic. No calls for change. No audits. No reforms.
Sit down, shut up, and do as you’re told.