Probably fiction. Though I have very little idea how futures contracts operate, and I'd say the bald-headed dude in the video has next to know idea as well.
Dont agree with everything he's said but Chris has made some great content shame he went so extreme as majority erased forever now.
Thought about this one when considering how much rubbish needs to be scrubbed from a cleaner forum such as this these days (and also the fact that this forum is a rare bastion I.e. community of reason still flourishing out there). I’m certain that our pursuit in discovering and defining the value of money is a legitimate aegis for preservation of human modernity..
Among SS we have bulls and bears, each to their own as long as we can keep our assets from slimy 3rd party hands and in our own custody then hope what we believe in rings true
The team at forward guidance delve into the ""K" shaped recovery, where sectors of the market and society struggle while at the same time some industries and groups of people flourish (generally those with assets). They assert that young people in the know have worked this out and are piling into crypto as opposed to more traditional assets such as gold so that they don't get left behind with the rest those stuck on the descending part of the "K". They argue that those into crypto believe that there is a short window of opportunity for them to pile into this asset class in order to break out of the "cage" they find themselves in. I share those thoughts, though I also believe that it's important to mainly have exposure to stocks and property because of the long history of steady gains and the security that those 2 markets offer when compared to other assets. Some would chuck bonds into that mix as well. From 33:57:
The cage Door has shut tighly behind many of us now with a loud resounding clang! Quality of services and products gone to shit while $ costs higher then ever before. Not 40 yet but feel old like a grandpa muttering to the youth..."back in my day sonny life was better,brighter and we felt free" Property for sure and gov policy ensures higher prices for various reasons, and ongoing stupidity guarantees success. Im to poor only looking at reits last few years as somewhat equivalent. Started to late but least with gold got in earlier as even the "pet rocks" getting outta some hands.
