adonis wrote:I dont believe there will be a financial meltdown anytime soon the powers that be have announced to the governments the arrival of the great reset which now looks like it will come to fruition house prices will continue their upward tragectory along with gold and silver cryptos will probably get banned in the longrun the stockmarket will be propped up by infinite QE think 35000 is high wait till it hits 100000.
Possibly... But you have to factor in profit taking, not the kind the average punter with his life savings invested in the market thinks of, but the type when Bill Gates and Buffet sold large portions of their stocks at the very top back before the GFC and rolled the profits into the Gates foundation, Tax Free. That's right, they avoided all the capital gains tax you and I would have to pay and in the end the foundation, and it's wealth, was under their direct control.
After that the market collapsed, Coincidence? How many other big players had inside knowledge that markets were about to be allowed to fall? Yes, they are propped up by the Fed and confidence "media preaching"
Now we see...
"Warren Buffett on Wednesday reached the halfway mark in giving away all of his Berkshire Hathaway stock, more than 99% of his net worth, to charity and resigned from the Bill and Melinda Gates Foundation’s board. Charity?
Foundations receiving the money include the Bill & Melinda Gates Foundation, Susan Thompson Buffett Foundation, Sherwood Foundation, Howard G. Buffett Foundation and NoVo Foundation.Wherever the money goes you won't see but a fraction of it spent on the needy I can assure you. And will the market have a nasty reset back under 20,000 in the months ahead? Probably. There is nothing to stop it and this isn't 1933 where a relatively small group of investors bought directly into the markets. Now the vast majority of people are invested in them through their pension accounts and every month untold billions flows from working wages into the stock market.
Since this money
MUST go there it creates a distortion in prices, that is why the market is going so high even though the underlying companies are mired in debt. At the top, those that engineered this system simply milk it at regular intervals, knowing that in a few years the pension accounts of the workers will have pushed it back up again. It's as fine a racket as I could imagine.
Private pension funds were introduced in the 1980's, and surprise surprise, the DOW took off like a sky rocket from that point on. By 2000 it was bloated, well worth milking.