The so-called 'Buffett Indicator' has hit an All-Time High. Global stocks now worth equal to 122.4% of global GDP. pic.twitter.com/8rp8C8eD0b
— Holger Zschaepitz (@Schuldensuehner) February 6, 2021
Over 40% of the Money US has EVER printed in its history was printed in 2020.
You may want to read that again.
More and more signs of a bubble being in the works.
Keep your eyes/ears open and Pay close attention to different trends.
Things could change VERY QUICKLY!
— Patrick Bet-David (@patrickbetdavid) February 6, 2021
-----------------------------------------------------
It is my sincere desire to provide readers of this site with the best unbiased information available, and a forum where it can be discussed openly, as our Founders intended. But it is not easy nor inexpensive to do so, especially when those who wish to prevent us from making the truth known, attack us without mercy on all fronts on a daily basis. So each time you visit the site, I would ask that you consider the value that you receive and have received from The Burning Platform and the community of which you are a vital part. I can't do it all alone, and I need your help and support to keep it alive. Please consider contributing an amount commensurate to the value that you receive from this site and community, or even by becoming a sustaining supporter through periodic contributions. [Burning Platform LLC - PO Box 1520 Kulpsville, PA 19443] or Paypal
-----------------------------------------------------
To donate via Stripe, click here.
-----------------------------------------------------
Use promo code ILMF2, and save up to 66% on all MyPillow purchases. (The Burning Platform benefits when you use this promo code.)
It is my sincere desire to provide readers of this site with the best unbiased information available, and a forum where it can be discussed openly, as our Founders intended. But it is not easy nor inexpensive to do so, especially when those who wish to prevent us from making the truth known, attack us without mercy on all fronts on a daily basis. So each time you visit the site, I would ask that you consider the value that you receive and have received from The Burning Platform and the community of which you are a vital part. I can't do it all alone, and I need your help and support to keep it alive. Please consider contributing an amount commensurate to the value that you receive from this site and community, or even by becoming a sustaining supporter through periodic contributions. [Burning Platform LLC - PO Box 1520 Kulpsville, PA 19443] or Paypal
-----------------------------------------------------
To donate via Stripe, click here.
-----------------------------------------------------
Use promo code ILMF2, and save up to 66% on all MyPillow purchases. (The Burning Platform benefits when you use this promo code.)
Click to visit the TBP Store for Great TBP Merchandise
People and business are holding incredible amounts of cash right now. If some event gets all of that off the sidelines you will then see prices take off parabolically. One might compare it to the scene where the Brian Doyle Murray character in Caddyshack fixates on the wobbling golf ball on the edge of the cup with explosions all around.
Some have trouble seeing this time as a lull. I would advise getting serious exposure to physical metals while the Dollar is trending higher on FOREX and Trillions sit idle on the sidelines. Trust me. These brain dead shitheads have been here before and they haven’t learned a fuqueing thing. They will print or digitally summon greenbacks. No one working for Biden has ever had a real job outside of government or government’s evil spawn, Academia.
What % of people and what % of businesses are holding all this cash? It was just before the Plandemic where people couldn’t come up with $400 for an emergency.
Percentages do not matter. If it is a small percentage it will hit harder and faster. Berkshire and Apple alone have hundreds of Billions in cash.
Actually corporate America is awash in debt.
Not all of it.
No one working for Biden has ever had a real job outside of government or government’s evil spawn, Academia.
The people ‘working’ for Biden are all Obama retreads. Back in 2016 Cankles was supposed to have won and the grifters, neomarxists and neocons were supposed to remain in power and continue the Globalist agenda. Trump upset that cart and now they’re working overtime to make up for lost time.
The same exact clones are now in power…
https://www.npr.org/2020/11/17/933848488/biden-administration-heres-who-has-been-nominated
and their theme song goes…
https://www.youtube.com/watch?v=7vYgayGYuCQ
I like to visit an antique mall in a town near where I live. My buddy works there part-time. I have watched the silver drain out of the coin dealer’s case fast this last week. The other day, I popped in and the case full of generic silver rounds was empty. Only a couple copper rounds remained. I was reminded of Gresham’s Law about bad money driving out good. I don’t think all that free Chinese Flu Cash went to the stock market. I am thinking a lot of the stimulus cash is going to drive valuable items out of the physical market, too.
For instance- I was at the hardware store looking at washing machines, dryers, and fridges. The clerk told me everything was gone. Only the demo models were left. This is supposed to be the time of year when they’re desperate to get rid of old stock. Not this year.
I went to Wally today, too. The canning aisle was almost totally empty. A lot of household items were gone. The ammo case was totally empty. Usually there’s something, maybe some 12 guage left. Nothing now. The camping section was very low, too. Valentines day crap was plentiful, but useful items were in low/no supply.
I told my family back home to start adding to their existing stocks anything they like or need, such as an alternate heating option, just in case. They’re old and crotchety, so I told them a buddy heater, or something similar, might be a useful item to hold onto. I’m thinking useful items will be in increased demand in the near future as a tidal wave of cash washes over the country.
A work buddy had a hard time buying a refrigerator this summer. He was very surprised he had to wait. He bought a used refrig just to get by
It’s said that there is a lot of ruin in a country. We can see that pretty clearly as in Japan where most of its companies’ stocks are owned by its central bank and its national debt is 250% of GDP. Supposedly, when debt gets above 90% or so according to one study things start to unravel what with economic growth beginning to decline. Now the U.S. has public debt over 125% itself. The study seems to be wrong and we go back to there being a lot of ruin in a country.
But what might in turn lead to the end game and supercede or exacerbate public debt is private debt. In that case we would not see hyperinflation but a deflationary depression. And yes, private debt in the U.S. is at the level where the last recession occurred in 2008: 170% of GDP. Private debt combined with public debt might result in ruin alright and send the country into a depression, which, if history is any guide, will be made far worse by gov’t action.
Public debt gets paid down with income, not with printing presses, and here right now we have a country full of jobless people, most of whom are also burdened by what is for them unpayable debt. People will lose their houses and no one will be offering mortgages, leading to a drastic decline in household net worth and poor people looking for food even as the vultures carrying sacks of gold buy up every kind of resource.
Got gold? Silver? BTC? People in poor countries of the world right now who have owned BTC have done very well compared to those who saved in the local currency. How odd is it that the “unbanked” have done better than even those with precious metals? But these saving graces are not mutually exclusive!
Digital currencies are on the way. They will be comprehensively administered by the government. Think of it as a pandemic lockdown for all financial transactions. All. Of. Them. Those who think they will escape because they hold metals are grasping at straws. What this fake pandemic has illustrated, is the ease with which a totalitarian regime can come down on our necks. I’m sorry. I used to believe there was going to be a way out. I no longer have that faith. At least not for this life. That doesn’t mean we all shouldn’t try.
The only metal that will make a difference will be lead.
The kind that is wrapped in brass is sweet. Also very difficult to come by these days.
Silver….. I like it very much! (Paraphrasing Pedro Cerrano – Major League)
Son sent me the link below. Financial stats remind me about baseball stats. Lots of people see things and compare and contrast. And lots of times they are right.
https://finance.yahoo.com/news/the-sp-500-is-currently-mirroring-20082009-to-a-creepy-degree-veteran-hedge-funder-192216209.html