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re: Peter Schiff says we are early in the biggest bond market crash in U.S. history

Posted on 10/4/23 at 5:53 am to
Posted by mwade91383
Washington DC
Member since Mar 2010
7271 posts
Posted on 10/4/23 at 5:53 am to
He’ll be right…….eventually….probably.

Burry made similar claims, more than once. Think the market is up an absurd among since his infamous “sell” and “sell everything” tweets.
Posted by BuckyCheese
Member since Jan 2015
57778 posts
Posted on 10/4/23 at 11:30 am to
quote:

Burry made similar claims, more than once. Think the market is up an absurd among since his infamous “sell” and “sell everything” tweets.



The Dow is down for the year and the equal weight S&P is as well I think.

The market up big narrative has been driven by essentially 7 tech companies. Gains have not been widespread by any means.

The interesting thing is those 7 companies almost seem to be considered "safe havens" as they are holding up as well or better than many of the traditional defensive sectors.
Posted by Stumpknocker
SWLA
Member since Mar 2021
790 posts
Posted on 10/4/23 at 11:59 am to
Economic laws, realities and cause & effect are as real as gravity.

It make take a pretty fierce economic cleansing for people to wake up. Do it! Hit us all in the pocketbook and see who flinches.

Or maybe “Smellin’ Yellen” will command the economy to behave. SMFH.
Posted by Westbank111
Armpit of America
Member since Sep 2013
4592 posts
Posted on 10/4/23 at 5:04 pm to
You are aware that the overall Globalist plan is to destroy the $USD, that “cash” you speak of will be worth pesos when the SHTF!

Previous posters got it right, Real Estate, Precious Metals and of course, a sustainable “off-grid location” with ample supplies, immediate food reserves and natural resources to survive this crash is the only way!

And make sure to have some lead to hunt and protect your family.

When the SHTF, the ability to barter and survive off the land will be better than USD’s in your pocket.
Posted by Diamondawg
Mississippi
Member since Oct 2006
37136 posts
Posted on 10/4/23 at 5:28 pm to
quote:

Previous posters got it right, Real Estate, Precious Metals and of course, a sustainable “off-grid location” with ample supplies, immediate food reserves and natural resources to survive this crash is the only way!

Got all of that except the precious metals. How do you eat a $16,000 gold bar? Do you use it to buy a gallon of diesel?
Posted by Marshhen
Port Eads
Member since Nov 2018
949 posts
Posted on 10/4/23 at 6:12 pm to
He’s right about this and it’s being driven by China dumping their treasuries.
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