And there it was, a glorious head and shoulders end to a nation...Rome is on the decline.
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didn't realize the emotion I would get as a response to this....at any rate, this is a very long-terms, general statement about how we have reached our climax as a nation and perhaps a human race...nothing more, nothing less...not a prediction of market prices or a foretelling of upcoming events, just a venting of pessimism, not intended to offend anyone or evoke anger...apologies if it did
Great chart mate! I think however we will have another and final ATH before a big fall..But still not to your level as now! I believe 1800 area is the target then huge bull run and then around 2030 (8/11 years time) 1500 and less to come...
FibonacciDiPisa
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@GreenCandleTrading-GCT yes agreed on you ath and 1500 and down. Exactly my thoughts as well. This is a very long term notion. If you look at any charting of life like bacterial growth in dish, it all follows a type of bell curve. That was my only thought.
@Perma_Pig, I watched it. Neat video. It doesn't parse out as neatly as he portrays it (Rome vs USA, that is). But food for thought.
One thing that confused me as he jumped around Roman history was what is it we're trying to avoid? Is it a dictatorship? He also doesn't even mention the debasement of human capital that went on after the punic wars in the days of the Gracchi. There was free labor (conquered and imported slaves) and no jobs, so people congregated in Rome to be cared for by the state.
UnknownUnicorn5511258
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@PreferredStonk, oh nice! so its a ten part series and I believe he covered most, if not all these points in prior video(s). Definitely worth watching the series (this particular video is the least insightful, especially without context lol).
What we are trying to avoid is a central-bank-induced hyperinflation that inevitably leads to a full-blown currency crisis. Basically, the point of the video is to show that currency creation away from gold is actually the root cause of the demise of many great civilizations, so why not the US as well?
Its a frightening thought, which is why Ive been buying metals to offset some of the pain if the day ever comes.
trillmjd
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This is the opposite of what you just posted?
louistran_016
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A little far fetched isn’t it? Can you justify the price level?
csavage17
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Or we could go down to 3500 and the fed make us go on another bull run. But one day we do have to pay for all of this. Japan I believe went to 70 or 80 times earnings in the 80s. We have a long way to go before that happens. Have to keep all options open.