There's going to be a major financial crash within the next 12 months

submitted by jet199 from self.PredictTheFuture

The stock exchange is on a high even though many countries are officially in recession, major firms are closing and millions of people are being laid off.

It's all a mirage.

Stocks are artificially boosted by dodgy trade built on dodgy trade and it's only going to take one big fraud to be revealed for the whole house of cards to come down.

They didn't tighten the rules as they should of after the credit crunch so now the whole thing is going to happen all over again but at a time when most people are already struggling.

Please prepare for this, save and invest your money cautiously.

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newinsightfulfun

[–][deleted] 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (0 children)

Now inflation is on the rise again, too. This deducts from all kind of saving-plans non-rich people may have with lesser "risks" or those which are sold as such.

Since the https://en.wikipedia.org/wiki/PayPal_Mafia re-commercialized the internet most of these companies actually are only selling a hope on future profits. These then usually are postponed in some future again and again... You get the picture. Their explanation usually is that they need to increase their market-share to be more profitable or even reach break even and lacking other options institutional investors believe this again and again.

So i agree, the stock exchanges are running hot compared to a world economy that either is decreasing or speculating on possible growth in the future.

I even believe there is a real-estate bubble in china or most likely will be which will may have further consequences worldwide.

[–]twolanterns 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (0 children)

heh ... is NOW "submitted 12 months ago"

but give it time, the biden admin still has til the next mid-rerm elections