…or is this just part of our financial system’s cycles, 1987 was the last time something like this happened, but first the Lehman brothers, now WaMu? Is this not one of the biggest market ‘struggles’ in our history?
Idk, this is the first time I’ve been conscious of something like this, and it kinda scares me. I like money.
so I just realized that that article is from February. Which makes it kinda eerie that the 5 levels of economic downfall that Beck derrived from that guys statements are so far 3 for 3.
Yes we are in for a ride. Here is the really scary part though:
Our market is based on a Free Market System, this system regulates supply/demand, basically our ability to run business with little to no govnt. intrusion.
And this is just speculation on my part but I see the FMS as being extremely vulnerable to change right now. Hopefully government does not use this window to take control of the way we run and operate business. You think we pay enough in taxes and that prices are high now? Wait till the day they take over business freedom. If that happens we are basically screwed. They can tell us how much we can make or at least put a cap on that amount, etc etc. Not good.
only good thing about the economy now is that people stand to make a lot of money. it wont be a lot of people, but stocks are absurdly low and its time to buy.
