It’s going to get bad:

It’s going to get bad.

If we thought Covid was bad for the world, wait till the next economic crisis.

My favourite American news team – Breaking Points talked about Jeremy Grantham’s recent annual letter. https://www.youtube.com/watch?v=d1QQsB5HhlY

You’ve probably heard of his name before if you’ve read some of my stuff.

He’s a legendary investor and has been in the market for many multiple generations.

He recently wrote his annual letter titled ‘Let the Wild Rumpus Begin’. 

Read it if you can, it’s incredible.

He’s been calling this a bubble for a year, similar to me.

I first wrote about the market crashing in February 2021 based on the thesis hedge funds and market makers took terrible bets naked shorting Gamestop and are about to implode the market to expose their fraud.

But Grantham was instrumental in me coming up with my thesis.

He’s seen bubbles before.

The books tell you about them.

Bubbles are a given.

When you print a lot of currency, bubbles are created that divide a population and lead to civil wars/revolutions when they pop.

We’re about to go through one right now that could rival 1929 and the Great Depression

Expect a lot of dictators to take power around the world in the next 5-10 years.

There will be many countries going through revolutions and civil wars.

Most people can’t afford to live anymore.

Especially as inflation gets out of control and the price of oil spikes.

If oil goes to all-time highs on the back of a market crash, the world is in for a massive wake-up call.

They’ll likely be a war.

Could be the Ukraine Russia situation or something happening in Taiwan after the Beijing Olympics.

But it’ll be so bad domestically in the US.

If Americans lose their wealth in the market, they’re going to be on the street.

The poor will suffer the most at the hands of the rich.

Remember, Wall Street and the US Fed caused this.

Don’t let the news or anyone else ever convince you otherwise.

Wall Street has naked shorted companies for generations and nothing has ever been done about it.

Why?

Because it’s so lucrative for the firms involved.

Everyone is making their buck so why change the rules?

It’s why Larry Summers and Alan Greenspan fought so hard to ban regulation of the derivatives market.

They know where their bread is buttered.

But Wall Street got caught in a bad bet.

The Internet exposed them for who they are.

People saw what they did in January 2021 around the world, and then they went to work.

Investigating the parties involved.

Doing real work.

Exposing the lies and criminality for all it is.

Atobitt started it with his god-level DD.

He deserves a Pulitzer Prize.

The best investigative journalism you will ever see.

All he did was look.

So for those who played the right side of this crash, they’ll be fine.

For so many others, they won’t.

The world that comes after is scary to imagine.

People filming revolutions in their backyards.

Exposure of violence in the streets.

Suppression of voices and communication out to the world.

Everyone around the world will be affected by this.

No one will get out.

But people still have to live.

Society still needs to function in some way.

The wartime will be different.

Even though the US was at war in Afghanistan, one with NATO and Russia or China in the Pacific is completely different.

Then what’ll happen in America?

I imagine tons of gun violence.

America is armed to the teeth.

Read a book recently from a Canadian author living in America called ‘The Next Civil War: Dispatches from the American Future.’

Fascinating to hear him talk to experts who believe a civil war is not out of the realm of possibility.

Dalio is basically telling the world there’s going to be a massive crisis, possibly war/revolution in America before it happens. Major respect for what Dalio’s done in his life and thankful he’s being so honest with humanity about the cycles of history and not being afraid to call out his own country.

He knows he and his family and his associates will be fine. They have money.

But the people who don’t have access to private jets and houses around the world, it will be hard.

Will the US elect a strong leader to get them out of this or will they re-elect Trump and have him turn America into a dictatorship?

Who knows.

All I do know is it’s going to get bad.