Money Supply Drops, Last Time This Happened It Ended In A Disaster - Episode 1338a
IMF executive board decides to give Greece a conditional loan but wants more austerity and a plan to reduce debt. Sales are plunging for GM, they are closing plants, laying off workers and discontinuing cars. Pensions are in trouble, many corporate pensions are underfunded and it is only going to get worse.
The myth that there was cash on the side lines, is just that a myth, there is no more cash on the side lines. The money supply has dropped and we have seen this back in 2008, this is an indicator that the economy is entering a recession. The central banks are panicking, once they announced that stimulus is ending the market took a dive, the central bank then backtracked on everything.
history will repeat
Crash is coming. No one knows when, but we all know it's going to be brutal with old rotting, retards at the helm.
the bigger the manipulation, the bigger the crash
The key point here is the pension funds.
People who worked their whole lives and participated into a pension fund can lose everything.
They looked forward to retirement, and like happened to Detroit, now Illinois, lose what they were promised, what they worked for, people need to wake up and realize these are some dangerous times coming rapidly.
Social security is becoming the same way.
The people in charge of America want all of OUR money for themselves. They didn't earn it. They don't care how it'll end. Greed, stupidity, unregulated, out of control. There is a bottom, and we will hit it.
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https://steemit.com/politics/@jjyeshua/luciferian-jesuit-united-nations-one-world-government
Great video brother love your content!
hopefully well see it crack this year, bitcoin will go through the roof!
Hopefully the full-blown collapse finally does arrive this Fall (no later than end-of-year) so we can finally enjoy the promised uptick on silver & turn to focusing on picking up the pieces...Soon, of course, the debt ceiling will be mildly hyped, discussed...then quietly raised - just like always.
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This is why we need cryptocurrency! The best way to do well in the crisis that are coming is to save money! I was reading stuff here on Steemit and found this interesting article about it, I think you guys are going to like it!
https://steemit.com/life/@thomasmmaker/article-a-thought-about-savings-and-consumerism-02
Speaking of pension funds, In Australia a lot of people over the past 20 years have pooled money into the housing market in-place of their 'super' (Retirement funds) by buying up large and expensive properties extending themselves, with the idea to sell the house at retirement after the kids leave home.
People have watched there house investments grow into a huge amount of cash through the housing bubble here, and we are already seeing pullbacks in real estate, but if/when this economy crashes, there are going to be a lot of people left with a 'huge over expensive house' to sell with not much in there retirement fund.