When do you think the bottom of the current market will be? Is it a good idea to wait to buy until after the Fed raises interest rates?

submitted by Ponderer from (self.cryptocurrency)

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[–][deleted] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (4 children)

To be honest, the current market is the iffiest I've ever seen. In a larger context, the current financial system is toast, all the central banks are getting ready to roll out CBDCs, which are a totalitarian nightmare. CBDCs mean no more banks.

While that might sound like an awesome development, it also means that your account will be DIRECTLY AT the central bank. This gives so much power to the banksters, it effectively makes them absolute rulers of the populace. How ready are the central banks for the rollout of CBDCs? Your guess is as good as anybody's. They know the current system is toast, and CBDCs are their answer.

So, depending on when they're ready to roll'em out, that's what determines when the market falls to the unbelievable lows that will make CBDCs seem like a good idea to the general public. Problem-reaction-solution. Always.

So if the Fed is ready to roll that out, they'll take the "inflation bad" route, and if not, they'll try to calm the markets until they're ready. But the fact that they've talked about this already means they are likely much closer to rollout than anybody might have guessed.

My bet is that this dip is the real deal, that the Fed will continue with their asset purchase taper, then raise rates, then even let some of their balance sheet assets expire or even sell some, further pushing rates higher.

In such a case, if you haven't renegotiated your mortgage for a long term locked rate, you will wish you had.

The alternative is that they aren't ready yet and this is a feint, they'll keep tapering some, and when the markets falter enough to get the banks to the brink of bankruptcy, they'll reverse course, indebt the taxpayer by another bunch of trillions and pave the malinvestment over with newly "printed" cash.

If you're going to buy something, I would say a gold & silver mines are the only assets worth purchasing at the moment. And even then, if the first scenario happens, then EVERYTHING will fall. Even stuff that grows in fundamental value can go down in price during a broad market correction.

So I'm in the camp of "hedge or wait".

[–]Ponderer[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (3 children)

I see where you're coming from about CBDCs. You may want to know the Fed recently (past few days) released a document detailing the potential for a US CBDC. They didn't commit to creating one, but they invited public commentary which they hope to wrap up by March.

Just curious, what is your long-term forecast for the future? Not just financially, but globally, within the next few decades or even the next few centuries.

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

That is what I was referring to when mentioning a US CBDC.

The future looks like this: the markets will crash, the economy will get completely wrecked, inflation will run out of control, interest rates are going to go sky high, which means most people will be completely unable to pay for their houses, the housing market will crater, Blackrock will buy up even more real estate so that "You will own nothing" as per the Great Reset shit plan.

People will get so poor they'll be housed in FEMA camps and their equivalent worldwide, the Banksters will control people directly, the Gill Bates patent number 666 will be used to monitor people INTERNALLY (yes, I mean from WITHIN their bodies) for an absolute totalitarian nightmare, but the sucker of bergs' metaverse will come to the rescue and offer some solace to the slaves that people have become.

This isn't the end however, because sometime before 2036 the Sun emits a very strong flare, which creates an EMP that utterly soaks the Earth in its effects, killing everything electrical or electronic. Of course the Black Budget researchers have secretly developed fully optical computing and power delivery systems, enabling the powers that shouldn't be to continue operating their technology while everybody else is back to the Bronze Age, more or less.

And then 11 years later the Sun goes Micro-Nova, destroys > 99% of life on Earth, while the best of the best humans are set aside by the cosmic government to reseed our planet after the 1,000mph tsunamis and hurricanes, as well as the crust heaving and extreme volcanic activity that comes with the micro-nova subside. The Earth will be a lifeless ball of rock for a couple centuries, starting around 2047 at the latest. Maybe as early as 2036.

I keep wondering if I should intervene. On the one hand, humans need to see the results of their actions so they grow a bit of mind and perspective, but on the other such suffering on a wide scale is a pure abomination. It is a dificult balancing act. So I wait and observe.

[–]Ponderer[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

What is your timeline for this, specifically the stuff that will happen before 2036?

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

The timing of things is particularly difficult. I feel that the economy is getting irremediably and permanently wrecked right away, but that could take a few years. And it's the same for everything in that sequence.

The flare that sends mankind back to the Bronze Age could come within 3-4 years (I hope it does) but it could take up to 15 years. Obviously TPTSNB know this.

[–]IkeConn 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (1 child)

I have found that if you wait long enough to buy the dip it dips further the next week.

[–]Ponderer[S] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

Better than waiting to buy the dip and it ends up spiking, I suppose.