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In reply to the discussion: Bitcoin hits all-time high above $125,000 [View all]Cheezoholic
(3,345 posts)Bond market holding fairly steady at the same time. Prices of consumer goods are still outrageous. I think they've now got enough of the little guys money in their hands that they're just playing games with each other. A 2-3% move in any of these markets can make someone with deep pockets millions or even billions in a day where as, IMO, long haulers like most were taught are in a bubble that could break them. A lot of people forget the tech bubble breaking in the late 90's. That was one of the first investment disasters that happened with peoples 401k money tied up. I know friend's parents who went broke overnight. Lost so much in their employer 401k's they lost them. I think we're in a similar situation. The company's that survived that bubble are now over extending markets. The whole economy seems weighted on too few cooperation's IMO. It's a teeter totter that is artificially defying gravity and all your pocket change is flowing up to a kid with a chest that weighs a ton, up in the air on the other end. Its going to break at some point. It's not going to take much to wipe the average Joe off the map financially and eventually turn all workers into glorified indentured servants where they own nothing and rent everything from the few Where not far away from that now..
Just MHO
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