Post by
Snowballer on Jun 30, 2022 6:06pm
Chamath Palihapitiya
"Taking $30 trillion out of the world economy... almost half on one year's global GDP... It's gonna take 3 years probably of the slow meticulous running off of money... you know not reintroducing new money...
So it seems like were at the beginning of something that's going to be long and drawn out and that's separate from a recession or not... so you have to look at asset prices today as a microcosim of a much larger trend that has to be about fake money pushing asset prices up and then taking all that fake money out and then finding what the real price of something is... that's gotta take 24 to 36 months? that may mean the bottom doesn't happen for another 18 months..
Governments around the world introduced 30-35 trillion dollars of money into the economy that should have never been there"
Probably exactly what all these billionaires are warning about. Long lasting pain ahead. And most of us know that this is why IT'S NOT PUTIN's FAULT lolll
https://www.youtube.com/watch?v=eA5wWXYNMUg
Comment by
BayStreetWolfTO on Jun 30, 2022 9:41pm
Isn't he the guy that predicted a depression a few years back. Just like that guy who said Evergrande was going to collapse rhe world economy. But sure maybe he doesn't have an agenda. Like John Kerry surely good intentions helping the small guy right?