Market failure- When people do not pay for the consequences of their actions, we have market failure.
The world will soon see the greatest market failure in history. Worse is that government planned it. The United States is on the low end 160 trillion and the high end 200 trillion in debt. Around 20 Trillion of that is current debt and the rest is future debt obligations(example SS). What happened in January 2021 was that the interest on the debt surpassed what the US could pay. So to not default they printed money. When you print more money, it doesn’t make the government poorer, it makes everyone that is owed that debt poorer. When they were printing stimulus checks and handing them out that money wasn’t coming from the government, it was coming from your fellow citizens, whoever had savings. That’s where the worth comes from, for the newly printed dollars. This is caused by the inflation from it. Stimus checks weren’t making people richer but the opposite. It is accomplishing what they want and that is time to setup their new system. They were given a solution but using it would mean that most of the elected would not be re-elected. They had to cut 20% of their spending every year for 5 years with no new programs added. That would have only gotten it under control, debt payments would have to be restructured and followed exactly after that. Their choice was to collapse it just as long as it didn’t affect them.
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W Chiang : USD still the dominant currency and just print more
W Chiang : Any thoughts for CNTX? I averaged down to 2.6 already but seems lot of our friends are nervous about it.
Mcsnacks H TupackOP W Chiang: The debt is too much too overcome. They can’t print 200 trillion dollars. Countries are already pulling back from accepting it. Russia won’t accept any of it. And China will only accept a small amount and that’s for trading. The dollar will die soon. The filing of taxes for IRS is going to be too much for the system to handle. Filing starts on the 20th. With refunds starting the first week of February
Mcsnacks H TupackOP W Chiang: It’s the only stock holding it’s ground. I’ve averaged down to 2.41 now. All the other stocks go up one day but then lose it the next plus some. They should be glad they are invested in a reliable stock.
Mcsnacks H TupackOP W Chiang: There’s no other stock that you can be this safe in. The more people that invest in it the safer everyone is.
W Chiang Mcsnacks H TupackOP: Just hit another oil producer country and wait the covid to end. Once the oil consumption hiking started, the USD will be stable again. Hundred year fundamental things hardly change in days although it may follow ur prediction in long term
W Chiang Mcsnacks H TupackOP: I feel quite safe to buy banks and oils. Follow the trends and policy, it won't be wrong.
W Chiang Mcsnacks H TupackOP: Isn't that an opportunity for day traders haha. Pump to 40% and dump. The traders will be blessed if they only do profit taking at 25%. Greedy make ppl lose the money.
Mcsnacks H TupackOP W Chiang: Plus CNTX has investor conferences starting Monday. That will bring in large buy orders.
W Chiang Mcsnacks H TupackOP:
I just worried about they will do offering like syta that's all. The only concern here for any investor conference.
20-40% expected if they poured another 1M shares in the pool. Investors will sue them definitely.
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