See that last spike down in the S&P500 in March 2020? The Fed’s have created about $5 Trillion out of thin air since 2008, and the banks which had a Fed required reserve of 10% (which means the banks could create $10 of fake money for every $1 deposited) therefore created $50 Trillion in fake money. Now, guess what the total “capitalization” of all publicly traded stocks is. $55Trillion! March 15, 2020, a day which will live in infamy, the Fed’s removed all reserve requirements!!! When this sucker blows, all that fake money will just disappear like smoke and stocks will crash 90%.
‘Money can’t buy happiness, but it sure makes misery easier to live with.’ Steven Wright.