So most of the major cities in the United States are ablaze. The hate in the air is palpable. There are people seeking vengeance, justice and well, big screen televisions.
People are still stuck in their homes, most are confused about the rules and regulations regarding the reopening of the economy. Masks? No masks? Have I already had the Rona? Can I get it again? Will there ever be a vaccine? Even if there is a vaccine, do I really trust my life in the hands of Bill fucking Gates?
On top of that, the Southwest is experiencing an unprecedented heatwave. Here in Phoenix, we have had multiple days of 112 degree weather, we had our first Haboob WAY earlier than normal, and the area just north of Phoenix caught on fire today.
Just two years ago, as late as March, this area was getting snow. I was there. It was glorious. This year, in May, it is 112 and on fire.
If I didn't know any better I would say we are trapped in a sort of hellscape.
But, it can only go up from here right?
I hate to be the bearer of bad news, but this is just the beginning.
So ya know how everything has been going downhill since the Coronavirus got here a few months ago? And remember how, for like a week in March, the stock market briefly crashed but then shot right back up again as if nothing ever happened?
Yeah, me too, that was a ride.
However, it was a ride that was incongruent with the nature of the economy. People have been filing for unemployment in numbers never seen before. Corporations are closing up shop permanently, a lot of these jobs aren't going to be returning, and yet, the stock market climbs.
And climbs.
And climbs.
And ya know why? Because the Fed has been pumping trillions of dollars a week into the stock market. What choice do they have when faced with this kind of decimation?
However, unlike 2008, they are just delaying the inevitable at this point. The stock market flirted with a bottom, but it did not bottom out. It isn't going to for some time.
However, I predict that starting mid-June, there will be a heavy drop after the Feds convene. Then, the market will rebound, but continue to slowly decline in the months ahead.
If that weren't bad enough, the housing market is going to feel a pinch as well. Right now, millions of Americans have put their homes into a forbearance plan. They honestly believe that their mortgage institutions are giving them a break, and likely have been convinced that they will be able to tack their debts onto the end of their loan. Upon further investigation however, I discovered that less than 5% of forbearance plans qualify for this option, leaving 95% of home owners looking at a MASSIVE repayment due in about 4 months. So around September, they will start receiving intent to collect notices, and will likely get a couple of months to try to string together 6 months worth of mortgage payments, which they inevitably won't be able to pay all at once.
This means come December/January, there will be an incredible slew of short sales, which will flood the market with homes, leading to a massive drop in price. When the homes are not sold, they will be taken into foreclosure and we will have repeated 2008/9/10 all over again.
What's worse is this time it wasn't even intrinsically anyone's fault. It has just been one unfortunate event after another. It is going to take a while to recover from this.
Luckily, it looks as though Bitcoin will be on the rise. Hopefully, people will migrate to sites like Hive, rather than continuing to waste their lives away on Facebook, and my hope is that within the next few years, we can figure out health care for our citizens and potentially institute a UBI which would take care of the worry over automation and sickness related job loss.
I really honestly have hope that sites like Brave will take off as Google/Twitter/Facebook continue to implement their authoritarian, CCP cock sucking bullshit. The world will be a better place with the blockchain, and sites that pay you for your data, and don't mine your soul for a buck.
Most of all, I believe our faith in bitcoin will come to fruition and we will very seriously see an increase to 100k within the next 2 years, conservatively.
With all of this insanity going on, I am considering moving out of the city, into a town more remote, with access to my own water well, garden, animals and solar power.
I feel more anxious every day living in the middle of such a big city. People are fucking nuts man.
Anyway, I hope you are all staying safe, and not suffering too badly at the hands of the Rona, or the rioters, or just life being a little bitch in general.
I haven't been on in a while and miss ya'll. I need to catch up on your posts.
Godspeed friends.
