Closer to markets breaking

Day 1465 - Oct.3.22 - Closer to markets breaking
Oct 3, 2022
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Day 1465 - Oct.3.22 - Closer to markets breaking

Closer and closer to things breaking. Credit Suisse could go under as their credit default swaps have gone massively through the roof. Same with many other banks. Bank failures are coming in developed economies and if/when that happens, this will be worse than the 08 crisis. It’s scary to think about how you were writing about many of these concepts, years before anyone saw anything and yet sloly things are happening that make you look more and more right every day. If/when Gamestop explodes and the whole world wakes up to what Wall Street has been doing, it’s hopefully game over for them. If it isn’t, then revolutions are coming. The world can’t have more bailouts for those at the top taking on insane risks while everyone else is left at the bottom. Capitalism since Reagan has been hijacked and sadly I’ve been a beneficiary of it just as a function of where I was born. Capitalism and free markets are the best systems when those that don’t work and are criminal are allowed to fail. Till that happens, we don’t have capitalism. We have socialism for the rich and the free market for everyone else. Stay patient and watch everything as it unfolds while continuing to write your truth. People deserve to know where we are and what is happening. You’ve been there since the beginning watching everything unfold. Keep writing because it could make history one day.

'Keep Going You're Doing Great'

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