How’s the stock market going to look in a Joe Biden presidency?
Remember 2008, the year Obama took power – remember the complete financial collapse that started just a few months in?
If you don’t, no problem – just wait a few months and you’ll see it again.
We’re facing one of the biggest economic collapses in history, with a government that’s completely incapable of doing anything to stop it.
Liberal economists want to pretend that everything’s going to keep going fine forever. It’s a fantasy!
In fact, a terrifying amount of the economy is based around fantasies like that. There’s nothing real underpinning most of the biggest companies in America – and the second the market wakes up to that fact, expect CHAOS.
Take liberal favorite Tesla for an example. The company is valued at about $30 Billion, several billion more than Ford.
You saw a Ford last time you went for a drive. When’s the last time you saw a Tesla? Probably never (unless you live in California). Media-driven investors have decided that Tesla is worth an absurd $600,000 per car they sell.
That’s not a value that reflects reality. The company’s valuation has been more or less on the verge of collapse for years now – and they’re far from alone.
Some of the biggest companies in America has never, and will never, turn a profit. Uber loses billions every quarter, telling investors that profit is just around the corner…
At first, they said they were going to build an anti-competition monopoly… then that they were going to invent self-driving cars to cut their costs… now the excuse is that we live in uncertain times.
Like I said, it’s almost exactly like in 2008. The financial crisis then was driven by an overvalued housing market, with investors ballooning housing debt to a ridiculous level.
This time round, it’s going to be even worse. Housing is critical, but businesses make up an even bigger slice of the economy – what do you think’s going to happen when that bubble bursts?
