Considering 2021 and the next Great Depression is around the corner, is it time to pull everything out of the stock market while you can?

submitted by JasonCarswell from (self.AskSaidIt)

Thumbnail from The Great Depression: Archival Timeline.

This will be the great fleecing of the Boomer Generation. Their lives, investments, and entitlements will be stolen by vaxx, by force, by circumstance, and by any means necessary.

#GreatBoomerFleecing

Do you think the inevitable cyberwar will hit the financial centers, whether true or just claimed?

If you have an ounce of gold worth $2,000 today and it's expected to reach $50,000, how much will the inflation be on everything else?

See also: /s/economics/comments/6zze/rick_ackerman_second_great_depression_starts_in/

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newinsightfulfun

[–][deleted] 4 insightful - 3 fun4 insightful - 2 fun5 insightful - 3 fun -  (6 children)

If you have an ounce of gold worth $2,000 today and it's expected to reach $50,000, how much will the inflation be on everything else?

2k is a 10 year high, it dropped and currently it's at $1827.60. I can't imagine gold ever going near 50k in our lifetimes unless there's a hyperinflation event.

[–]JasonCarswell[S] 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (5 children)

Great. I guess I should have sold it. Tom said it will be $10k within a year or two. The video linked said $50k.

Handing all this money to the billionaires seems to me like they're preparing for a huge inflation. Imagine if they handed all that money out and just stayed the same, while everyone else fell, then defaulting to giving the rich even more. Great scam on top of the other scams, if that's what they're doing, and I think it is.

I can already see a dramatic COVID shrinkflation at the grocery store.

[–][deleted] 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (4 children)

Might still be good to sell it. It's a gamble, maybe it shoots up again, maybe it tumbles to under $1400 that it was at when Trump was elected, just depends on what happens in the world.

[–]JasonCarswell[S] 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (3 children)

The ruling class has never stopped. They won't stop now. We won't forgive them either. It's on. The US collapse has been planned. And it's going to get MUUUCH worse.

[–][deleted] 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (2 children)

If you think everything is about to fall apart, sell the gold now and buy guns/ammo/food/fuel while the economy is still functioning. Gold may grow or at least maintain its worth better than fiat currencies during periods of hyperinflation but when the SHTF essentials will be priceless. I believe that's a mistake though, I don't think it's worth planning for the worst just yet.

I can see gold hitting maybe $2,500 short of a total snafu if Biden does a shit job and Corona hits hard, making it a coinflip situation in my mind. I don't think total collapse is imminent at all.

[–]JasonCarswell[S] 1 insightful - 3 fun1 insightful - 2 fun2 insightful - 3 fun -  (1 child)

/s/cybersecurity/comments/701x/the_cyberpandemic_has_begun_solarwinds_fireeye/

[–][deleted] 2 insightful - 3 fun2 insightful - 2 fun3 insightful - 3 fun -  (0 children)

y2k has evolved into y20k 🧐

[–][deleted]  (1 child)

[deleted]

    [–]JasonCarswell[S] 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (0 children)

    Juggling?

    [–]Eight_Ace 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (1 child)

    I thought 2020 would bring a recession therefore I sold shares midway through the year. How wrong I was.

    [–]JasonCarswell[S] 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (0 children)

    Sorry to hear you jumped the gun a bit, but I think you still beat most people who will be hit harder next year. I hope you at least sold while up and can reinvest in gold, silver, or impure silver - or crypto.