Re << Maybe this extension is why the market is getting a boost ? >>
You are way too cynical :0))))))
There is no conspiracy, and only coincidence, that individuals, small holders, most presumably leveraged, would be put through the wringer nearing the end of their run and at the peak of their asset under management …
- quickly bum-rushed into a forced-sale situation at hammer-down pricing,
- realizing a baked-in inflation as a phantom capital gains,
- resulting in a forced capital-gains tax trap they did not wish to trip,
- financing a government many did not vote for,
- holding leftover cash and be diluted at ~10% per annum at ~zero rate
- bum-rushed into the equity market furnace at the tippy high
- allowing the companies to financial-engineer more structural unemployment
- resulting in more renters to pay BlackRock and such same who had swooped in to buy buy buy the forced-sale housing
- resulting in more cash flow to feed the one dollar one vote governance system
I would have thought that any system that simultaneously charges a capital gains tax as well as operate the money dilution spigot is suspect. A crime on top of another crime, and enveloped in another crime, etc etc.
Reality requires no cynicism. The crimes are right out in the open, under bright lighting, and the people are happy until not.
One worry about gold is the same one as about crypto, that both can be tracked, taxed, seized, or just outlawed. Wait for it. We are watching history.
Am agnostic. Carlson Tucker says much I find faulty, but on private property he might just be correct as opposed to right. |
