Comments by "" (@jmitterii2) on "This Stock Market Crash is Right on Schedule" video.

  1. Yeah, if, by start of January 1st, you didn't buy a bunch of QQQ and SPY and even IWM either or puts, close all long positions besides XLP and perhaps some XLU and especially XLE positions... you don't know what you're doing. This train wreck was broadcast throughout Fall and early winter December 2021. And that was before Russian invasion. But even war was on the horizon as inflation turning to stagflation always, almost always leads to war as nations become frisky... Russia tensions were known... same with China's concerning Taiwan... But was Chinese debt collapse with their developers all of them essentially bankrupt... 2008 China said debt bubble in real-estate... hold my green tea. Empty ghost cities known about as early as 2012 and 2013 with tourists videoing and posting all over youtube and other places. Doesn't help the Fed was acting like nut jobs with their monetary policy. They've painted themselves into a corner, they've caused inflation in a deflationary structured robber baron turn everyone who actually has to work to make money (basically 99% of the population) into a serf economy aka race to the bottom. They've achieved inflation. And that isn't good. Because you will continue to get inflation while having declines in GDP over several quarters aka a recession. Inflation in recession is called stagflation. Believe it or not, wages were actually on the up even during the 1929 depression... it wasn't immediately deflationary... hence why the Fed cartel was reluctant at that time to lower interest rates much and at all. Because supply can zap quick, falling in line with the new lower demand... and in some cases fall below even the lower demand... prices don't go down. They go up. Counter intuitive if you're a dogma sucking economic moron of current stupidity thought that is modern economics. Economics is probably the worst philosophical study ever. At least meteorology is accurate to a statistical significant and quantifiable degree. Economists tend to never offer statistical predictions of any kind, and when they do, they're wrong more than right. Like fading a the collective stupidity of a group who is either overcome with Dunning Krueger Conviction or simply dumb about the subject... you tend to fade them on their decisions. Or suffer the stupidity of the stupids. Anyway, this was obvious in its coming. And I've only traded since 2001, was watching markets as a teen all through the 90's and studied. If you didn't understand what was about to happen... you need to learn technical and fundamentals of the market and how they all work together... this was obvious boom bust market... more obvious than the dot com bubble, and that one was pretty obvious. Real-estate induced bankrupt financial system, stocks weren't really that high up and nowhere near their 2000 dot com levels... that one a bit more subtle other than the only real jobs being created had to do with real-estate and serving those in real-estate... and banking. 2006 at a club/bar whatever you want to call it, I was working full time and going to school for finance, talking to a guy, I told him I was majoring in Finance, he quietly let me know he's a millionaire... and that derivatives was where to get your money... I thought calculus? Didn't understand... I researched and googled and other data... discovered the collateralized bond obligations CBO's... realized that's why banks were giving out loans not just for homes, but anything really... Wachovia (remember them, they're defunct since 2008), offered $60K in loans if I wanted to get my fast track commercial pilot license, I didn't take it... was a bit concerned of the price tag and decided to do other things. It all sort of came together... banks throwing money at everyone to borrow... CBO's... people taking out mortgages there was no way they could afford... I was their supervisor, I knew their paycheck... then the sobbing that their mortgage was re-adjusting... that collapse was subtle than the dot com but more pervasive... This one... was building up all decade long. With a top off with the pandemic, and the stupidity of the banking system... and stampede of people who couldn't visit a casino, to instead, go into the stock market. Bubble of everything just become beyond stupidity bubble of everything. And recessions usually end with commodities going full tilt to the moon. When people suddenly lose their jobs and can least afford higher prices.
    1