원문 보기
So, one of the things I've always admired about you as an investor is that you don't talk about what should happen, you figure out what will happen and you do it. So what will happen to the stock market? What will happen? I learned early in my investment career that it's better for me not to invest in what I want to see.
I was invested in what was happening in the world. Otherwise I would be bankrupt, completely penniless. So what will happen? Will this continue? Some stocks in America are turning into a " bubble." This " bubble" inflates and then bursts. And you should be very worried. But Henry, it's good for you, because someone has to tell about it.
So, you have a guarantee of employment. You are lucky. Well, TV ratings do go up during crashes, but they disappear when everyone goes bankrupt. So nobody wants that. But when will that happen? At the end of this year or next. At the end of this year or next. Write this down. And what will be the trigger?
It's interesting, because such things always start where we least expect it . In 2007, Iceland went bankrupt, and people said, “Iceland? Is this a country? Do they have a market? » And then Ireland went bankrupt, then Bear Stearns, and after that, you know, Lehman Brothers. Everything develops in a spiral.
It always happens where we are not looking. I don't know, maybe it will be an American pension fund, many of them, as you know, are bankrupt. This could be a country we are not monitoring. Anything can happen. This could be war. It's unlikely to be a war, but it will be something serious . When you watch Business Insider and see: " This is so interesting.
"I didn't know this company could go bankrupt." She's going bankrupt, send me an email. Okay, and then I'll start following . How large can a collapse be? This will be the worst thing in your life. There have been many major collapses in my life, and it is a long one. This will be the biggest of my life, and I'm older than you.
No, these will be serious things. It will be bad. We had financial problems in America. Let's take America. Every 4-7 years since the founding of the republic. Well, it's been over eight years since the last one. This is the longest or second longest period in history. So, it's coming. And the next time, you know, in 2008, we had a problem because of debt.
Henry, the debt that existed then is nothing compared to what is happening now. In 2008, the Chinese had a lot of money saved for a " rainy day." And this day has come. They started spending this money. Now even the Chinese have debts. And these debts are much larger. The Fed, America's central bank, has increased its balance sheet more than fivefold since 2008.
This will be the worst thing in your life, and in mine too. Be excited . I'm worried. Good. Good. Can the Fed save us? Can someone save us? They will try. They, they...What's going to happen is they're going to raise interest rates even more. And then, when things get really bad, people will call and say, “You have to save me.
This Western civilization is about to collapse." And the Fed, which is made up of bureaucrats and politicians, will say, "Well, we better do something." And they will try, but it won't work. This will cause some oscillation, but it won't work this time. And we find ourselves in a situation where Western civilization already seems to be collapsing, even though the market is constantly growing.
Often, when a financial disaster occurs, there is huge upheaval in the political system. What will happen politically if this happens? Well, that's why I moved to Asia. My children speak Mandarin because of what is coming. You will see governments collapse. This time you will see countries collapse.
Iceland collapsed last time. Other countries have also collapsed. You will see more of this . You will see political parties disappear. You will see institutions that have existed for a long time. Lehman Brothers existed for over 150 years. Disappeared. Most people won't even remember them. You'll see a lot more of this next time, whether it's museums, hospitals, universities, or financial firms.
Comments 0