Does any of this seem familiar? Pic related

Does any of this seem familiar? Pic related.

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They were still on a gold standard at that point. We full fiat retard now.

A lot has changed. If the markets look like they are failing the fed just goes into printing overdrive. They will literally not allow a great depression style crash to happen.

I am hedged with physical gold and silver along with all my other assets. Food stocks, water purification, guns and ammo included. You'd be a damned fool not to be.

Won't that just cause hyperinflation instead? I am retarded with economics so if I'm wrong please explain

It can still happen in the real economy as the poor get destroyed by inflation but I agree that the markets may not reflect this due to brrrrrrrrrr

Yep and the healthy correction in 1929 was on the exact same date as the current 3/9/2020

Yes, a great depression for the majority who don't have any money invested could happen.

the difference is that this new money isn't entering circulation, its merely being printed for government and bank debts. the virus has massively reduced public spending so we're holding up.

Guys you are scaring me

This is only FUD if you don't know the plan

If you know the plan you're holding XRP so you're actually ready for this

IYKYK

Yeah I get that a lot of it is just being held on balance sheets so to speak and there is insatiable demand for USD for international trade. To put it another way, domestic velocity is low but I’m not sure that anyone knows how long the US can keep exporting inflation before it hits some sort of critical mass and the shit hits the fan. I’m very grateful to live in a place like North America as at least we grow enough food to be self-sustaining. What a time!

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This but RSR

if you aren't scared you either have the skillset to survive off the grid and provide for yourself or you don't fully understand the situation

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How is it preventing the stock market from crashing then?
And if it is pumping the market, then it IS entering circulation to an extent, every time someone takes profits.

Based. I’ve tried to instil the fear in my normie friends but they just refuse to get it.

People were saying this same stuff during the last corona crash, even panic at the stores people emptying foods

That being said, I have few months worth of canned food still saved from that panic lmao

This, but both. They're working together.

Yes, and they were right. That was only a few months ago.

The crash is going to happen before the election. Probably will follow the exact timeline as the great depression.

>before the election

I don't live in America...

NORMIES ARE HEDGING INTO CRYPTO

ONLY CRYPTO AND PRECIOUS METALS WILL SURVIVE

STOCK MARKET IS THE BOOMER MARKET, WILL WITHER AND DIE LIKE THE BOOMERS WHO TRADE IT, ALONG WITH FIAT CASH.

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well of course some is entering, particularly stimulus checks (i should have clarified that) but the vast vast majority of printed money is being held close to the government. we're looking at some inflation but not the nightmare everyone expects.

Ok, but you live on Earth and America is the most significant country on that Planet still.

We got till october 29

the difference this time is that fed is going to print trillions to pump stocks.
Stocks can now only go down in real terms (after inflation), not nominal. That's the new reality

never even thought of it. but a lot of the same parallels definitely exist. However as others pointed out, lotta different mechanisms the fed and government can pull out of their ass unlike black tuesday.

thats not any of this works dude. you can't print money but not print money

The Fed sort of can though. Most of the money they “print” isn’t actual paper money, it’s digital accounting entries on bank balance sheets.

The big difference is this is all due to Corona-chan lockdowns.

Jews learned their lesson in the first great depression. They aren't going to allow that to happen again unfortunately.