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NE SD | So I watched the video, and nowhere does Warren Buffet say anything about a 90% crash. The creator of the video briefly mentions it correlating it to 1929. It’s basically the video maker speculating. Goes into about the wealth gap, rich getting richer, societal collapse, etc. talking about how it can’t possibly go on like this, propping out the gold shill and resident kook Peter Schiff for good measure.
Now I’m not saying something like this won’t happen, but this was just pure clickbait.
It’s basically a guy saying the market will crash someday, here’s what it did in ‘29 but not drawing much for parallels.
We all know the market will crash, it always crashes, It will crash again. The only uncertain I will give it is how long it will take to recover. Also, we won’t be the reserve currency for a lot longer, I’ll concur with that.
“ Since 1450 there have been six major world reserve currency periods. Portugal (1450–1530), Spain (1530–1640), Netherlands (1640–1720), France (1720–1815), Great Britain (1815–1920), and the United States from 1921 to today. If you notice the average currency span is 94 years. The US dollar presently has been the world’s reserve currency for roughly 99 years.” | |
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Warren Buffett - The Incoming 90% Stock Market Collapse?!?
