Loading ...X22 Report is some good shit. Fascinating to say the least.
I hope everyone is getting the fuck out of debt. The people out there with out a single penny in the bank, with massive auto loan debt and student loans, etc. are walking zombies. Their situation is grim now, and about to be devastating when the down turn hits.
Corporate debt is going to get slammed so hard. The financial chicanery that’s taking place is so dishonest.
FWIW PE ratios are already high by historic standards, without even accounting for the [outstanding shares and buybacks] gimmickry.
They are trying to keep asset prices elevated as long as possible whilst hoping that significant (and sustainable) economic growth comes along. Alas, hoping for miracles ain’t much of a strategy… The real questions is who will have the G-U-T-S to try and tackle the debt problem. I have real doubts than anyone will until the bubble bursts. People in power generally don’t want deep federal spending cuts that impact their own constituents.
That’s my plan. I am keeping a straight face and not talking about this shit to anyone else, “oh yeah, everything is awesome. It’s great!”
But by night I am making plans – cash, gold, loading up on as much debt CAPACITY (not using it), getting my house in order cuz I am starting to have flashbacks to 2008….anyone else getting the same vibes?