The Largest Wealth Transfer? No, More Like the Biggest Rug Pull
People have noticed that the boomers have most of the wealth. Especially compared to other generations. And this leads economists to say things like, when the boomer generation dies off, that will be a lot of wealth transferred to the inheriting generation. Or they talk about people selling the things that boomers need to survive like healthcare and elderly homes (or scammers). However, there is a group that is calling first dibs. A group that was upset that the boomer got any assets to begin with. They want their money back. The banksters are going to take it all.
This will be the biggest rug pull ever
Boomer Assets
The Boomers who bought assets before, or near 1971 made out like bandits. As their assets got inflated by money printing. They got all the benefits, and missed most of the inflation that that would create, until recently.
The Boomers bought houses, bought vacation houses. Bought stocks and bonds. They bought cars and collectibles. They bought furniture and knick-knacks.
Most of what is in retirement accounts belong to the Boomers.
And, all those assets will be sold soon. Liquidated for medical needs, or for inheritance distribution.
Who Will Buy These Assets?
Beanie Babies where worth a lot, until there was too many of them made.
Houses are worth a lot, until there are more than is needed to house everyone.
Boomers (or their surviving family) are facing two BIG problems with selling their assets.
- There is no one who can afford their assets at the current price.
- There aren't enough people who want their assets.
Boomers have a lot of collections that no one wants. The youth have no nostalgia regarding these things. They just don't want them. And so, they may have been highly priced and prized last year, they will be almost impossible to sell next year.
The housing market has hit its forever peak. Now, there isn't enough buyers, and especially buyers who can afford the sky high prices. This is common when you dump 25% of the houses onto the market in a short time. For the first time since like, the great plague, or what you see in a ghost town, we will see empty houses, not people living on the street in tents.
And those stocks and bonds? Well, the news today is the bond market is imploding. And the stock market again has no young buyers with money to keep the prices high.
T.H.E.Y. are poised to take all the Boomer's wealth
Above is how things would play out, if the banksters and those mother WEFers didn't have a nefarious plan.
"Buy US Treasury Bonds, they are the safest asset." Except Moody's just downgraded that.
There are tons of nations who have The US debt that want to get rid of it. And so, even more downward pressure is being put on the bond market.
Add on top of that, that the banksters have a plan to crash the dollar and reissue it.
Add more on top of that, that the stock markets have fraudulently oversold.
Add more on top of that, that Black Rock intends to crash the housing market and buy up all the houses cheap. (except that they aren't counting on so many empty houses, or maybe they just plan to destroy the extra houses?)
So, basically, the Fed, and the banksters intend to yoink all of the financial assets right out from under the Boomers. They aren't going to fall in price, they are just going to disappear. And the banksters hope that they will never have to fess up to their theft.
The banksters love money, and they will do any evil to get more of it. And they see this huge pile of financial assets for the taking.
If you believe Catherine Austin Fitts, this theft of the boomer retirement wealth has already happened. The money is already gone. Gone to the break away civilization. And, so now all that is left is covering up the theft by figuratively, setting the whole thing ablaze, so no one will come looking for the missing money.
Those people who thought they would inherit, or profit from the Boomer wealth passing to them, are S.O.L.
Further, all those people who haven't kicked the bucket in time for this fiasco, will find their monetary lives destroyed. That house they thought they would sell to pay for elderly care, is now worth next to nothing. The brokerage account that used to pay them monthly is gone. And Social inSecurity may not be around for much longer.
Hold gold, silver and bitcoin. If you don't hold it, you don't own it.