What's this credit cycle referred to in the image?
edit: i found it. supposed to be total industrial credit and loans as a percentage of US GDP.
...is this chart suggesting we're about to hit another recession, when, in the opinion of most of my friends we never recovered from the last one? oh joy.
mind you, "we" basically means "me" in this case, as in the friend or friends in question were in a better place financially before the 2008 housing bubble and have yet to return to solid footing. heck, i sure was.
Overall, it looks quite bullish (see blue line):
Zoom out. There is a crash coming that goes well below the bottom of that chart.
The funny thing is, the corrupt elite banking establishment and Wall Street had fully planned to sell their overpriced corporate shares into the hands of Average Joes as the economy fully recovered and was running strong again. About this point in time. Leaving the retail public holding heavy bags once again. Just like they did in 1999, and again in 2007. Then they would raise interest rates, crash the market, lower rates, money print and buy up all the cheap shares at the bottom once again. That's the only way it works for them, a repeating zero sum game.
Problem is though, their gambit didn't work this time. The economy never recovered like they hoped. Average Joe is not buying those expensive stocks. He is now swimming in personal debt and barely able to service it, and now has his "eyes fully open" in terms of what Wall Street does, their lies and the games they play. Not only does Average Joe not want to buy those expensive shares this time around, he's hip to their game, and he's broke and has no money. Any extra money he might have would probably go to Bitcoin and PMs, not stock shares. Hell, I know guys that are now talking about completely liquidating their 401ks and never contributing to them again.
So now Wall Street is REALLY fucked. They've lost the mind share of the public that they needed to continue their fraud game. That's why they are trotting out people like Buffett, Gates, and Munger to "reassure" everyone that the stock market is still the best way to go, and is still safe.
"Fool me once, shame on you. Fool me twice, shame on me. Fool me three times, I'm a complete fucking idiot that deserves my fate."
