About 10 years from now we will all be adjusting to a much smaller government, not because the people want it, but because it will be the cold reality of the traditional credit system reasserting itself. The people won’t like it one bit, and neither will the politicians. We currently have about $13 trillion in negative yielding bonds, worldwide. This is patently absurd, and these bonds will be the first to vaporize when the credit cycle adjusts. This whole era is an absurd, Alice in Wonderland rabbit hole. We tend to view the world through the prism of the present. In this case we have to step outside the false reality that the current global credit system has created.

This era of “woke” people and trannies running around will be seen as pure black comedy to future people. What we really have to worry about is that these politicians, worldwide, including the capitulating orange blob, start WW3 as a deflection from these realities and painful by necessary adjustments. Reality must be faced at some point."

(http://www.autoadmit.com/thread.php?thread_id=4317776&forum_id=2#38646501)

this is spot on IMHO

(http://www.autoadmit.com/thread.php?thread_id=4317776&forum_id=2#38646535)

https://thezman.com/wordpress/?p=18258#comments

(http://www.autoadmit.com/thread.php?thread_id=4317776&forum_id=2#38646541)

if things turn upside down and those on top suddenly lose a significant chunk of their wealth, my own status is elevated by comparison

put another way, when the tide goes out, many will be revealed to be swimming naked, but i will be in trunks

(http://www.autoadmit.com/thread.php?thread_id=4317776&forum_id=2#38646568)

i've also been miserable for the last several years blasting my student loans and deliberately avoiding lifestyle creep

psychologically, i'm inoculated against a yuge recession in a way that my free spending, east coast elite acquaintances are not

i could be wrong, but that's how i'm looking at this for now

(http://www.autoadmit.com/thread.php?thread_id=4317776&forum_id=2#38646593)

this doesn't require cash losing its value

it requires that the equity securities that comprise most 401k investments lose their value, which they ought to

(http://www.autoadmit.com/thread.php?thread_id=4317776&forum_id=2#38651442)

but on coinbase

what good does holding bitcoin on an exchange (like most crypto investors) do me if the dollar is debased?

(http://www.autoadmit.com/thread.php?thread_id=4317776&forum_id=2#38651445)

Hard wallet is the answer

(http://www.autoadmit.com/thread.php?thread_id=4317776&forum_id=2#38654886)

2008 was catastrophic and that was when china etc were in a much better shape. we will follow the same playbook next recession and this time Fed/USD will be even stronger

(http://www.autoadmit.com/thread.php?thread_id=4317776&forum_id=2#38646564)

Country Tax as % of GDP[1]

Algeria 64.07

Timor-Leste 61.5[13]

Norway 54.8 [4]

Finland 54.2 [4]

Denmark 50.8[6]

Sweden 49.8 [4]

Belgium 47.9[2]

France 47.9[8]

Cuba 44.8

Germany 44.5

Italy 43.5

Lesotho 42.9

Austria 42.7

Bosnia and Herzegovina 41.2

Iceland 40.4

Netherlands 39.8

Swaziland 39.8

Slovenia 39.3

Cyprus 39.2

Hungary 39.1

Greece 39.0[8]

Spain 37.3

Portugal 37.0

Israel 36.8

Croatia 36.7

Luxembourg 36.5

Czech Republic 36.3

Japan 35.9 [4]

European Union[7] 35.7

Botswana 35.2

Malta 35.2

OECD[10] 34.8

New Zealand 34.5

Brazil 34.4

United Kingdom 34.4

Serbia 34.1

Moldova 33.8

Mongolia 33.8

Poland 33.8

Korea, South 33.6 [4]

Barbados 32.6

Estonia 32.3

Seychelles 32.0

Guyana 31.9

Canada 31.7 [4]

Ireland 30.8

Latvia 30.4

Dominica 30.3

Albania 30.26

Slovakia 29.5

North Macedonia 29.3

Namibia 28.8

Ukraine 28.1

Montenegro 28.0

Trinidad and Tobago 28.0

Australia 27.8

Bulgaria 27.8[3]

Switzerland 27.8 [12]

Romania 27.7[6]

Jamaica 27.2

Zimbabwe 27.2

United States 27.1[15]

(http://www.autoadmit.com/thread.php?thread_id=4317776&forum_id=2#38646616)