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Once COVID Is Over, The Elites Will Go To War - Dr. Marc Faber
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2021 Sep 5, 9:29am 326 views 4 comments
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2
Shaman
2021 Sep 5, 10:09am
Shaman
2021 Sep 5, 10:09am
I concur that inflation will continue and perhaps accelerate until the oligarchy has devalued the dollar enough to ruin the middle class. Wages will also rise but not at a fast enough rate to keep the middle class middle class. You’ll need to make $200k just to have a decent standard of living.
The only good thing about this is that if you own real assets like a house, your asset will appreciate along with inflation, and your debt will depreciate and become less significant.
The only good thing about this is that if you own real assets like a house, your asset will appreciate along with inflation, and your debt will depreciate and become less significant.
3
Patrick
2021 Sep 5, 10:11am
Patrick
2021 Sep 5, 10:11am
That's true - deflation devalues debt.
This pisses off bond holders, who are a wealthy and powerful group.
https://finance.zacks.com/bond-market-size-vs-stock-market-size-5863.html
But on the other hand, inflation also devalues the US national debt, so that's another motive to pump up inflation with printing.
This pisses off bond holders, who are a wealthy and powerful group.
While the stock market might get more press, the U.S. stock market total capitalization is actually a bit smaller than the bond market, though neither is small. The stock market has just over $30 trillion in total market capitalization, meaning the value of all outstanding shares, while the total amount of debt owed through bonds is more than $40 trillion.
https://finance.zacks.com/bond-market-size-vs-stock-market-size-5863.html
But on the other hand, inflation also devalues the US national debt, so that's another motive to pump up inflation with printing.
4
mell
2021 Sep 5, 11:05am
Remember Faber was one of the earliest cancel culture victims though he could give less fucks since he's a billionaire. They never interviewed him in the retard leftoid marxist lamestream media again once he made the cogent arguments that blacks would be fucked without whites and rightly pointed at Africa's history where even the Chinese pulled out due to hopelessness.
https://www.zerohedge.com/markets/central-bankers-are-criminals-marc-faber-warns-once-covid-over-elites-will-go-war
“What is perceived to be safe, namely cash, isn’t safe anymore. It is unsafe. You ask me what is safe? I don’t know what is safe anymore when you have money printers who print money indefinitely. I don’t think they can stop. I actually think they have to accelerate their money printing. So, stocks may go up, but in real terms, it doesn’t mean your standard of living will go up. Maybe the standard of living of the 50 richest people in the world will go up, but not the standard of living of the typical American . . . or the average American. That standard of living will go down. . . . All the money printing is a desperate measure to keep the voters from rebellion.”