It does not matter what rich folk think. It is easy to be incorrect when you are lied to. She is correct. We will pay for 30+ year of trickle down economics and rich people lying. Our cities are collapsing. Take a look at Detroit! All of California!
If the rich do not fix this by paying their taxes, then there will be a world wide crash and the rich are going to be the most affected. They are the ones who have foolishly followed the little white lie. It will not concern the crash if the rich are living off Turkey, Monaco, Brazil,... It does not matter. The rich will lose and the poor will gain from their loss. Again the only way this can be avoided is to pay your stupid taxes now! Support the MUNIs by funding them with taxes. You must take 1/2 of all your assets and put them into the Munis world wide. YOU HAVE DAYS TO LISTEN TO HER!!! You will lose everything if you do not do this before dec 31.
It is not relevant to me that you the rich lose all your money. You did not pay you taxes. You did not support the system. Your attitude of trickle down economics has created this. If you piss on people they would at least have sterile water to drink.
Guess what? You the rich missed and are covered in piss. Do you actually think the non-rich would buy your toxic assets? Do you actually think we would stand around to be pissed on. You clean it up by buying all state and local muni's and driving the yield up. Sorry. But you did it to yourselves.
It may be a month or two of disruptions for those of us who are not rich. But you the rich are going to feel this pain for the rest of your lives and all of your decedents lives. The important thing to remember is that it does not matter what you think. Good luck with your beliefs. Your rich delusions are not connected to reality.
You only have a couple of days to reduce the pain you the rich are going to feel. Support the bonds or feel the pain. If you think interest rates are painful, You should feel the pain of depression rates on the rich. Depression rates don't affect the poor for long. We are capable of feeling pain for long periods of time.
Oh, yeah.
1)It is about time that you rich figured out that goldman screwed you!!!
2)Market psychology will not have any effect on the direction and crash of munis.
3)If you do not drive the yields of muni 8%points by the end of the year. You lose!
4)Only the rich will lose everything.
Hope you are listening to the Goddess of Truth and Clear Seeing
Just a note.
ReplyDeleteOne of the Arab countries wealth families just bought large quanities of their local muni-bonds. They obviously understand how to protect their local infrastructure and assets. I think it was Bahrain.
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