The Fate of Crypto Portfolio Holders

Best line at 2:03: “apparently stocks down and business closures will be good for unskilled Magatards.”

3 Comments on The Fate of Crypto Portfolio Holders

  1. If you think disenfranchised youth give a **** about the stock market and crypto, think again. They have virtually no chance of success going forward in this economy that was wrecked long before Trump came along. This contingent is more than happy to watch it all burn down (do some crawling around the various youth internet hangouts and see for yourself). The thing about having nothing, is you have nothing to lose.

    As for the boomers and other asset holders having heart attacks about “muh stonk market”…they are all overweight, in their 70’s+, have high blood pressure and diabetes — their problem will “self-correct” over the next decade.

  2. “The Baby Boomers have gone especially psychotic. That’s why there are so many old folks waving those Soros-made placards in the astroturfed crowds of the “Hands-off” protests. After an eighty-year run of the most mind-blowing comfort and convenience enjoyed by any generation in world history, America’s Boomers stare into the abyss of their fading Fugazy fortunes as their stock portfolios tank. Kind of too bad. Maybe you shouldn’t have gone along for the ride. Maybe you should have cared for your country a bit more.”

    “That process starts with deploying real capital — as opposed to Fugazy capital — to re-start businesses and industries. That will take money away from hedge funds and other rackets that exist to play games with evermore abstract layers of things that only pretend to represent money. As that occurs, a lot of pretend money will vanish. Don’t be too shocked by this. That’s what happens when a society bends back toward reality: you start sorting out the real money from the fake money. That’s why the price of gold keeps marching up.”

    https://www.kunstler.com/p/farewell-fugazy

    • The price of gold keeps marching up because the artificial value of debt based monopoly money keeps marching down. Thats why everything, including cheap ass products made in China, have at a minimum risen 30%.

Post a Comment

Winter Watch

Discover more from Winter Watch

Subscribe now to keep reading and get access to the full archive.

Continue reading