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There will come a time when all the contrarians in the financial sector stop warning about any impending economic disasters. They don’t understand that no markets of any kind will ever crash again. How stupid you stupid Boomer. Can’t you see that my App is worth more than the entire industry you worked your whole life in. You have no way of understanding how we geniuses work. Nothing will ever crash. Not housing, not crypto, not green energy stocks. We can even resurrect the dead like Game Stop and AMC stocks. We are the new Gods, Okay Boomer?
When all you’ve known in life, are bubble economies that haven’t popped when they were supposed to, you begin to think you’re a genius. Forget the fact that governments and central banks have been propping up your naiveté by throwing money into the economy at 7-10 times the normal money supply that make you think you’re infallible. The Bitcoin cult will gouge your eyes out if you speak of its highly speculative nature. After you’re blinded, they’ll send their digital henchmen to tell their investment community not to pay attention to the Boomer behind the curtain and to double down on their investment because it will be going up by at least another 30,000% in just a few short months.
That’s right. Keep thinking that none of it will crash, at least not in the traditional ways they continue to warm us about. We have been in this uncharted territory for years and the gaslighting by the new e-bulls of this non-economy is now global, systemic and complete. The wolf of Wall Street is now the hyena of Main Street. It hides behind benevolent names like Robin Hood while it seeks a multi-Billion-dollar IPO only to throw the naive millennial investor back to the wolves after it squeezes its last breath.
Welcome to the Digital economy driven by a very shallow expression of democratization of knowledge and resources. The sleazy salesmen, is now replaced by the coder and a hapless generation of speculators who have no basic understanding of economics, business cycles and stock valuations. They have liberated themselves from that stupidity and accountability that is often summed up in two words: Okay Boomer!
Well, this boomer is calling it! We are approaching a Black Swan event the likes of which we haven’t seen since the 1930’s. It won’t be one sector that crashes. It will be systemic reset of global monetary and financial systems triggered by the need to restore sanity. Yes, that! Sanity that ties the value of things to a measure, any measure that pierces the veil of unbridled speculation that has gaslighted the entire world