I Want To Know......Please Read And Respond

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Morning everyone.....

I was going to do this as a series of posts, but decided to make it just one instead.

So obviously from the title you gather....

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But what exactly do I want to know????

While I’m not an old fart, I’m no spring chicken either. I’ve been through high inflation, market crashes, housing crashes, gas shortages, you name it I’ve been through it.

All except for a depression

I have read up plenty about “The Great Depression”, and have spoke to family members that had personally gone through it. I even did a college paper on it.

But.....

  1. Do you truthfully think we are headed into another “Great Depression”?

If so, why? If not, why not?

  1. What asset do you think will have the biggest benefit of getting you through the “Great Depression”?

If crypto, why?

If precious metals, why?

If something else, state what it is and why?

  1. What asset to you feel will be the most beneficial to hold for long term gains and wealth?

It can be more than one asset.

Which asset(s), why?

Obviously, I already have my own opinion on this topic. Since I’m posting it out and looking to see where not only I am compared to others, but to see IV there are people who have the same thoughts as I do.

One thing that I will say is that as a country we have evolved enormously since 1933 which is the year the “Great Depression” ended. While the one obvious thing that must happen for a “Great Depression” is the stock market must collapse. Meaning a drop of 10% or greater in one day.

I am also aware that there are safety measures in place now that could prevent this initially from happening. Meaning they can close the exchange. Once it opens again the market will dump even bigger.

Here is my last question of this post.

  1. What do you think will crash first?

The Dollar or the Stock Market and why?

I really hope to hear from many people on this, if you think this is a quality topic please reblog it.

Thank you

Posted Using LeoFinance Beta



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10 comments
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What do you think will crash first? The Dollar or the Stock Market and why ?

Make sure you don't crash

Posted Using LeoFinance Beta

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I’m not going to crash, thanks for the concern.👍

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I was thinking of a Fictional story version of this a while ago. It's Sort of on the Back burner. While things have been very fragile, teetering, listing over or barely afloat any form of economic disturbing wave could potentially a Black swan event.

Posted Using LeoFinance Beta

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It’s been hanging off a cliff for quite a while now. One swift breeze and SEE YA...

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Stock market will crash first and then be reflated.... There is still the ability to "create" dollar out of nothing to buy / support whatever bubble they blew up it will just keep going.

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I agree the stock market will crash first. But if it takes $100 to buy a loaf of bread what does more money matter?

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Well that is the problem of letting credit loose. At some point the bad debt has to be dealt with, but it is so political unpopular it is just going to be kicked down the road till it blows up in whoever's face.

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You know how I feel about this!
Anyway... I really feel bad about people, who are clueless!
We are heading towards a great hyperinflation!

Hyperinflation is a term to describe rapid, excessive, and out-of-control general price increases in an economy. While inflation is a measure of the pace of rising prices for goods and services, hyperinflation is rapidly rising inflation, typically measuring more than 50% per month.
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That’s about 95% of the population.....

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At one time I would have told you yes...Now with every market manipulated in one way or another, all bets are off!

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