I have never seen anyone more complacent
I thought cryptocurrency investors in 2017-2018 were the peak. Nope.
Stock bulls make "hodlers" look humble and reasonable.
Even the media that keep fearmonger for views are saying about stocks "everything will be alright it always goes up".
$140,000. The american household average personal debt.
$40,000. The average personal debt held by each american citizen.
$105,000. Approximate us personal debt per taxpayer.
$75,000. The average American household's income.
$10,500. How much the average American spends each year on income taxes.
$195,420. National debt per taxpayer (20 years to pay it with 100% going towards it and not counting interest).
Millenials are whining about "evil capitalism". What capitalism? No one uses capital to do anything. No one has capital (in the US that is, because China oh China has capital and lots of it, China has 3 trillion of foreign reserves).
Buahahahahaha the USA unironically have less foreign reserves than Iran, Thailand, and the Czech Republic (separately).
The USA are not a capitalist nation. The USA are a debtitalist one.
Americans are living paycheck to paycheck and have no emergeny fund. They all have huge debts.
The interest rates are the lowest in history. Not in recent history, not in US history, not in the last 1000 years, in history since the dinosaurs and everything.
When FDR came up with a program to come out of the great depression, he worked with a debt to gdp of 20%. The US is now at 110% and it will grow before the consequences of stopping the economy are felt. To put things in perspective, Argentina in 2002 (peak of their great depression when unemployment got to 25%) had a debt to gdp peaked at 166%, & Germany when Hitler got elected had run its debt to gdp all the way to 180% (from 20% in 1914) and germans were getting squeezed by bankers just like US citizens have let themselves get turned into debt slaves by credit card companies & bankers & "useful education" student loans.
According to www.usdebtclock.org/ which is close to real time, debt to gdp (including state) is now 127%. Wow. And Federal debt to gdp is 112%.
Shiller price to earnings peaked at their highest level ever apart from 2000 (with all the dot com start ups that had no earnings), higher than 1929.
Money printer is going brrrr, the US population is angry & pro communism (they're too stupid to figure out what the problem really is grrr grrr hit smash), new generations took huge debt to get a useless piece of paper so they can earn less than their parents and grandparents that didn't even go to college and they also have to live like minimum wage workers anyway since they got to pay up and if they don't interest just compounds and they can never get out of it.
Indexes price to gdp also got to record levels.
And with all this bulls, in particular financial advisors with a diploma & boomers, are going "it went up last time" and "if you invested last time when bears said end of the world you would have made big returns" "last time last time last time" "average returns last time" "calculator thingy here compound rationalising something idiotic yep makes perfect sense" "I am delusional and all my decisions are based on what I saw in my days and the attached feelings rather than common sense" "I am unable to look at the past if the past is before I was involved".
BLA BLA BLA last time average returns. BLA BLA BLA back in my days. BLA BLA BLA you're just lazy. Oki doki boomer.
To these clowns it's not even open to debate. At least Bitcoin investors would get angry at bears or something.
Those frikking delusional bagholders are absolutely persuaded without the shadow of a doubt it can only go up.
Because "hhhuu back in my days I got scared and it went up".
Listen up grandpa, back in your days americans weren't eager to have a communist as president.
Back in your days you could leave money in the bank and get huge interest.
What are the US going to do? Sell the WHOLE country to China? XD They won't even have enough left to buy a bag of chips.
I would not buy the USA for 1 euro, their assets don't cover their liabilities. Their earnings don't cover their operating costs. They're not worth anything.
Just looking at it like any business, like a set of numbers ("noooo it's not numbers its full of real people with tender feelings" HAHAHA those people).
And all I see is a money wasting machine on its path to collapse.
China has 45% national debt to GDP and are taking the problem very seriously, slowed their growth to make sure debt does not grow, and are thinking long term.
US has "let's vote for Hitler" national debt to GDP and going "pfff last time they said. DW bro every thing will be alright we can print all our problems away money printer go brrrr", printing money and growing the debt to save boomers retirement in the short term, and the irony of it all is boomers are SAYING "ignore noise long term go up".
China is communist but it's a façade, they make all their money in special economic zones where the rich are taxed like 8%.
I wonder what happens when China grows and the USA collapse and China knocks at the door to collect the 1-2 trillion they own in US debt.
Bulls are so complacent I can't hold my laugh. They are so not ready. It's almost sad, their "innocence". Boomers faces are going to get ripped off.
TEXTBOOK COMPLACENCY. Watch and learn.
Stock bulls make "hodlers" look humble and reasonable.
Even the media that keep fearmonger for views are saying about stocks "everything will be alright it always goes up".
$140,000. The american household average personal debt.
$40,000. The average personal debt held by each american citizen.
$105,000. Approximate us personal debt per taxpayer.
$75,000. The average American household's income.
$10,500. How much the average American spends each year on income taxes.
$195,420. National debt per taxpayer (20 years to pay it with 100% going towards it and not counting interest).
Millenials are whining about "evil capitalism". What capitalism? No one uses capital to do anything. No one has capital (in the US that is, because China oh China has capital and lots of it, China has 3 trillion of foreign reserves).
Buahahahahaha the USA unironically have less foreign reserves than Iran, Thailand, and the Czech Republic (separately).
The USA are not a capitalist nation. The USA are a debtitalist one.
Americans are living paycheck to paycheck and have no emergeny fund. They all have huge debts.
The interest rates are the lowest in history. Not in recent history, not in US history, not in the last 1000 years, in history since the dinosaurs and everything.
When FDR came up with a program to come out of the great depression, he worked with a debt to gdp of 20%. The US is now at 110% and it will grow before the consequences of stopping the economy are felt. To put things in perspective, Argentina in 2002 (peak of their great depression when unemployment got to 25%) had a debt to gdp peaked at 166%, & Germany when Hitler got elected had run its debt to gdp all the way to 180% (from 20% in 1914) and germans were getting squeezed by bankers just like US citizens have let themselves get turned into debt slaves by credit card companies & bankers & "useful education" student loans.
According to www.usdebtclock.org/ which is close to real time, debt to gdp (including state) is now 127%. Wow. And Federal debt to gdp is 112%.
Shiller price to earnings peaked at their highest level ever apart from 2000 (with all the dot com start ups that had no earnings), higher than 1929.
Money printer is going brrrr, the US population is angry & pro communism (they're too stupid to figure out what the problem really is grrr grrr hit smash), new generations took huge debt to get a useless piece of paper so they can earn less than their parents and grandparents that didn't even go to college and they also have to live like minimum wage workers anyway since they got to pay up and if they don't interest just compounds and they can never get out of it.
Indexes price to gdp also got to record levels.
And with all this bulls, in particular financial advisors with a diploma & boomers, are going "it went up last time" and "if you invested last time when bears said end of the world you would have made big returns" "last time last time last time" "average returns last time" "calculator thingy here compound rationalising something idiotic yep makes perfect sense" "I am delusional and all my decisions are based on what I saw in my days and the attached feelings rather than common sense" "I am unable to look at the past if the past is before I was involved".
BLA BLA BLA last time average returns. BLA BLA BLA back in my days. BLA BLA BLA you're just lazy. Oki doki boomer.
To these clowns it's not even open to debate. At least Bitcoin investors would get angry at bears or something.
Those frikking delusional bagholders are absolutely persuaded without the shadow of a doubt it can only go up.
Because "hhhuu back in my days I got scared and it went up".
Listen up grandpa, back in your days americans weren't eager to have a communist as president.
Back in your days you could leave money in the bank and get huge interest.
What are the US going to do? Sell the WHOLE country to China? XD They won't even have enough left to buy a bag of chips.
I would not buy the USA for 1 euro, their assets don't cover their liabilities. Their earnings don't cover their operating costs. They're not worth anything.
Just looking at it like any business, like a set of numbers ("noooo it's not numbers its full of real people with tender feelings" HAHAHA those people).
And all I see is a money wasting machine on its path to collapse.
China has 45% national debt to GDP and are taking the problem very seriously, slowed their growth to make sure debt does not grow, and are thinking long term.
US has "let's vote for Hitler" national debt to GDP and going "pfff last time they said. DW bro every thing will be alright we can print all our problems away money printer go brrrr", printing money and growing the debt to save boomers retirement in the short term, and the irony of it all is boomers are SAYING "ignore noise long term go up".
China is communist but it's a façade, they make all their money in special economic zones where the rich are taxed like 8%.
I wonder what happens when China grows and the USA collapse and China knocks at the door to collect the 1-2 trillion they own in US debt.
Bulls are so complacent I can't hold my laugh. They are so not ready. It's almost sad, their "innocence". Boomers faces are going to get ripped off.
TEXTBOOK COMPLACENCY. Watch and learn.
Comment:
Binance CEO tweeted this 2 days ago:
Comment:
Unemployement in the US went in 1 month from 5.7M (3.5%) to 22M (13.6%) and crashed the unemployment sites, people are wondering what secret europe has used to not see a sharp raise in their numbers...
... Europe hasn't given free stuff to the unemployed...
In other news, on CNBC on the same screen you can read:
"More than 16M Americans have lost jobs in 3 weeks
The dow's best week since 1938"
<3
In a german area, they have conducted global tests & came up with a death rate of 0.37% for the wuhan bat flu for the people they tested (so it can only be equal or below there), quite smaller than the WHO predicted.
Evidence that wuhanflu just happened to originated near a laboratory that was experimenting bat coronavirus in human tissue, is going mainstream.
"...it thus looks like a horrible coincidence that China’s Institute of Virology, a high-security laboratory where human cells were being experimentally infected with bat viruses, happens to be in Wuhan..."
www.wsj.com/articles...pandemic-11586440959
Domestic violence reports have gone up by 25% if I am correct, and we are hearing the first reports of literal deaths from violence, from stress, and so on, as I predicted.
The USA are still that country that owes the most external debt, and Japan (biggest debt to gdp in the world) one of the countries with the smallest external debt and the country with the biggest holdings of US treasury.
"Better safe than sorry" has already aged badly as I predicted and got heat for. New York received too many ventilators which are being wasted now, while other states including California don't have enough and are letting people die. New York is "better safe than sorry".
Casualties are for now far lower than "the models predictions". Reminds me of a certain "97% agree, and models predict dramatic change if nothing is done, and if you disagree you are an idiot and flat earther that does not believe in science" ;)
Just like Bitcoin bulls get excited and buy after Tether printer go brrr, stock bagholders are getting excited and jumping on the discount after money printer go brrr.
There's going with the trend, going against the trend, and this whatever it is.
It's ok thought, money printer will go brrr and brrr and brrr. And maybe the indice will go to new highs! To 250,000! 250,000 what? 250,000 nothing-at-all.
Let's hold some magical numbers that have no meaning and no value.
After the whole world has went on lockdown including unaffected countries (Australia for the whole thing had 58 dead out of a population of 25,000,000 BRILLIANT! GENIUS! MASTERMIND LOCKDOWN!), now we are reading stuff like this:
"Unemployed, physically disabled and with a child on the way, Hammadi Chalbi's desperation had become too much to bear, leading the 32-year-old to self-immolate outside the local government offices in Maktar, some 160 kilometres (99 miles) southwest of Tunis."
I don't understand why every one went on complete lockdown. The globalists just shooting themselves in the leg here, complete cretins out of touch, only explanation.
South Africa with 25% of the population living with aids goes on lockdown, uh well they are at risk so in that way it makes sense I guess? They didn't go on lockdown to slow aids spread.
The herd just doing what the herd does best: being dumb. Wall street as a whole is dumb and underperforms everyone, politicians same story.
Boomers who think they will be a quick recovery (lol) need to read this: "It takes minutes to cut a tree down, but years to regrow it".
Sick people (other diseases) have been forgotten and often are staying home while all focus is given to this season cold. Brilliant.
Congo (RDC) just had a new Ebola case. Ah wonderful. Is every one too busy with covid & lockdown to deal with this?
... Europe hasn't given free stuff to the unemployed...
In other news, on CNBC on the same screen you can read:
"More than 16M Americans have lost jobs in 3 weeks
The dow's best week since 1938"
<3
In a german area, they have conducted global tests & came up with a death rate of 0.37% for the wuhan bat flu for the people they tested (so it can only be equal or below there), quite smaller than the WHO predicted.
Evidence that wuhanflu just happened to originated near a laboratory that was experimenting bat coronavirus in human tissue, is going mainstream.
"...it thus looks like a horrible coincidence that China’s Institute of Virology, a high-security laboratory where human cells were being experimentally infected with bat viruses, happens to be in Wuhan..."
www.wsj.com/articles...pandemic-11586440959
Domestic violence reports have gone up by 25% if I am correct, and we are hearing the first reports of literal deaths from violence, from stress, and so on, as I predicted.
The USA are still that country that owes the most external debt, and Japan (biggest debt to gdp in the world) one of the countries with the smallest external debt and the country with the biggest holdings of US treasury.
"Better safe than sorry" has already aged badly as I predicted and got heat for. New York received too many ventilators which are being wasted now, while other states including California don't have enough and are letting people die. New York is "better safe than sorry".
Casualties are for now far lower than "the models predictions". Reminds me of a certain "97% agree, and models predict dramatic change if nothing is done, and if you disagree you are an idiot and flat earther that does not believe in science" ;)
Just like Bitcoin bulls get excited and buy after Tether printer go brrr, stock bagholders are getting excited and jumping on the discount after money printer go brrr.
There's going with the trend, going against the trend, and this whatever it is.
It's ok thought, money printer will go brrr and brrr and brrr. And maybe the indice will go to new highs! To 250,000! 250,000 what? 250,000 nothing-at-all.
Let's hold some magical numbers that have no meaning and no value.
After the whole world has went on lockdown including unaffected countries (Australia for the whole thing had 58 dead out of a population of 25,000,000 BRILLIANT! GENIUS! MASTERMIND LOCKDOWN!), now we are reading stuff like this:
"Unemployed, physically disabled and with a child on the way, Hammadi Chalbi's desperation had become too much to bear, leading the 32-year-old to self-immolate outside the local government offices in Maktar, some 160 kilometres (99 miles) southwest of Tunis."
I don't understand why every one went on complete lockdown. The globalists just shooting themselves in the leg here, complete cretins out of touch, only explanation.
South Africa with 25% of the population living with aids goes on lockdown, uh well they are at risk so in that way it makes sense I guess? They didn't go on lockdown to slow aids spread.
The herd just doing what the herd does best: being dumb. Wall street as a whole is dumb and underperforms everyone, politicians same story.
Boomers who think they will be a quick recovery (lol) need to read this: "It takes minutes to cut a tree down, but years to regrow it".
Sick people (other diseases) have been forgotten and often are staying home while all focus is given to this season cold. Brilliant.
Congo (RDC) just had a new Ebola case. Ah wonderful. Is every one too busy with covid & lockdown to deal with this?