This may be the canary in the coal mine that will trigger a pension fund crisis. Seems like the irrational exuberance from 2008 is back, bigger and more monstrous than before. Take a listen...#2008 #GFC #fiatsystem
https://video.nostr.build/0bc11a9fc8d4206406b4e03137a3a1404b3aa378dbe262eeba16b6d6dc739acd.mp4
We are probably in the mid-2007 portion of the GFC timeline aka early warning signs phase. Got some #Bitcoin anon?
PE firms have been getting a free pass for a while now and it’s not surprising to see this looming reminiscent of the Savings and Loans crisis of the mid 90s.
If there is some quality assets wrapped in PE debt, doesn't that mean that PE will get unwound, and the assets will operate independently again? The main problem with GFC loans was that there wasn't quality to back them, hence toxic assets.
In a free market, yes but as it stands today I don’t think so. The debts being repackaged are of some of the companies that are going under, not a big problem today because that number is still small but maybe cataclysmic if it grows larger
Have you looked into 'the great taking'?
Feel like that will somehow also be involved in this. All of the people with brokerage accounts and secondary claims on their stocks will be swindled and there will inevitably be some sort of bailout for them
I most definitely have & it’s all connected to the same groups that are closest to the money printer
