The American Empire has fallen.
Updated
Printing money, bailouts, crooked politicians (all of them), corporate greed, have caused The American Empire to fall. We have been in a bubble, you just needed to be looking at it from a different perspective.
I compare the daily chart of Bitcoin to the monthly chart of the Dow Jones Industrial Average and the similarities are striking.
The Dow is in you typical wall street cheat sheet bubble. The Bubble has burst. Because the bubble is seen on a monthly chart, this will happen over a long period of time.
A massive stimulus package will be passed, money will be printed, people will get checks, entire industries will be bailed out, and everything will seem like business as usual as we all get complacent. There will be a relief rally over the next couple years but the high is in. Once the bounce is over, America will plunge into a depression in much more violent times.
Democracy and Capitalism work if people are reasonable but human nature eventually takes over as people take the system for granted. From the CEO's to the politicians, to the scammer and even the citizens. Greed and corruption leaves you with nothing in the end.
The coronavirus is already showing the inefficient nature of democracy and the benefits of a system like China. Building hospitals and bridges in the same time you can get a zoning permit in the U.S. China has showed the world they stopped the virus (if you believe them), while democracies all around the world will not be able to take the extreme and draconian measures that may be required. Even if you believe China is lying, the fact that they can keep the citizens and media in line shows their strength.
WW2 marked the end of The Great Depression
WW3 will Make The Depression Great Again.
I expect a bounce (making a lower high but) causing everyone to think the coast is clear. Trump will say he singlehandedly saved us from the virus and saved our economy and he will get reelected. A major event will happen that causes us to crash again and the government and fed will have no more ammo to shoot at the next crisis. We will get into an escalating militarty conflict with China, Russia, N Korea, Iran (fill in the adversary) and plunge into WW3 that will bring us not far from the stone age.
Good luck everyone and plan accordingly.
I compare the daily chart of Bitcoin to the monthly chart of the Dow Jones Industrial Average and the similarities are striking.
The Dow is in you typical wall street cheat sheet bubble. The Bubble has burst. Because the bubble is seen on a monthly chart, this will happen over a long period of time.
A massive stimulus package will be passed, money will be printed, people will get checks, entire industries will be bailed out, and everything will seem like business as usual as we all get complacent. There will be a relief rally over the next couple years but the high is in. Once the bounce is over, America will plunge into a depression in much more violent times.
Democracy and Capitalism work if people are reasonable but human nature eventually takes over as people take the system for granted. From the CEO's to the politicians, to the scammer and even the citizens. Greed and corruption leaves you with nothing in the end.
The coronavirus is already showing the inefficient nature of democracy and the benefits of a system like China. Building hospitals and bridges in the same time you can get a zoning permit in the U.S. China has showed the world they stopped the virus (if you believe them), while democracies all around the world will not be able to take the extreme and draconian measures that may be required. Even if you believe China is lying, the fact that they can keep the citizens and media in line shows their strength.
WW2 marked the end of The Great Depression
WW3 will Make The Depression Great Again.
I expect a bounce (making a lower high but) causing everyone to think the coast is clear. Trump will say he singlehandedly saved us from the virus and saved our economy and he will get reelected. A major event will happen that causes us to crash again and the government and fed will have no more ammo to shoot at the next crisis. We will get into an escalating militarty conflict with China, Russia, N Korea, Iran (fill in the adversary) and plunge into WW3 that will bring us not far from the stone age.
Good luck everyone and plan accordingly.
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