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“Hold Your Cash And Be Prepared” – Elon Musk Warns What’s Coming Is More Than A Recession
An enormous economic storm is on the rampage, and it’s almost knocking at your door. Similarly, Elon Musk is aware and warns of this ravaging hurricane. With that in place, should we be nervous about this situation? Don’t worry; we have you covered, and we will make sure you have a clue of how you can propel your way out of this incoming problem. So hang tight!
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To begin, Elon Musk sees the similarity of the incoming situation to the recent subprime mortgage crisis in 2007. So what escalated in that period? So that we have an idea of what to expect.
In that duration, millions of customers had received low-interest mortgage loans thanks to the consecutive deductions in the prime rates since 2001. As the loans were user-friendly, more consumers wanted to acquire new homes, resulting in a hike in home prices. Things took a drastic turn in 2005 when the interest rates shot up, and all this affected the affordability of purchasing new houses.
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BREAKING: Recession News
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REVEALED: Best Investment During Inflation
HOW TO INVEST IN GOLD: Gold IRA Investing
Hold Your Cash And Be Prepared: Elon Musk Warns What’s Coming Is More Than A Recession
Elon Musk, the visionary entrepreneur behind companies like Tesla and SpaceX, is known for his astute observations on various subjects, whether it be technology, space exploration, or even the state of the economy. Recently, he took to Twitter with a warning that the current economic downturn caused by the COVID-19 pandemic might just be the tip of the iceberg.
In a series of tweets, Musk cautioned his followers to “hold your cash and be prepared” for what’s coming, indicating that he believes the situation is far more serious than just another recession. Although he didn’t elaborate further on the specifics, his words have sparked a wave of discussion and speculation.
Musk’s words carry weight, considering his track record for accurate predictions and his ability to navigate through challenging times. His confidence in the future of his own companies, despite numerous setbacks, shows his optimism and resilience in the face of adversity. With this in mind, it is essential to take his warning seriously and consider the implications for oneself and the broader economy.
The COVID-19 pandemic has wreaked havoc on the global economy, causing unprecedented shutdowns, disrupted supply chains, and mass layoffs. Governments around the world have responded by injecting trillions of dollars into their economies to prevent a complete collapse. However, this influx of money has raised concerns about the potential for hyperinflation and devaluing of currencies.
Many experts believe that the actions taken by governments and central banks to counter the economic impact of the pandemic may have long-term consequences. The massive debts accrued by countries, coupled with the ongoing uncertainty and potential for future waves of the virus, create a volatile environment alongside concerns about future inflation, economic bubbles, and even stagnation.
Musk’s warning serves as a reminder to individuals and businesses alike to reevaluate their financial strategies and ensure they are prepared for any potential outcomes. Holding onto cash is a prudent move during uncertain times, as having liquid assets can provide a safety net for unforeseen challenges or opportunities that may arise.
Apart from holding cash, diversifying investments, and reducing unnecessary expenses are additional steps individuals can take to protect their financial well-being. By spreading investments across different asset classes and sectors, one can potentially mitigate risks and capture opportunities in different markets. Cutting back on non-essential spending and building an emergency fund can also provide a cushion in times of crisis.
Furthermore, Musk’s warning highlights the need for governments and policymakers to focus on long-term sustainability and avoid short-sighted economic measures. As the world economy recovers, ensuring responsible fiscal and monetary policies becomes crucial to avoid potential pitfalls.
Ultimately, Elon Musk’s tweets serve as a wake-up call for all individuals – from ordinary citizens to policymakers and decision-makers. The pandemic has brought various economic challenges into play, raising questions about the long-term stability of the global economy. By heeding Musk’s warning, being financially prepared, and embracing sustainable economic practices, we can navigate these uncertain times and strive for a more secure future.
⚠NOTE⚠Brothers Invests will never ask for your information or promote any schemes in the comments. Please stay safe from scams and report suspicious accounts.
Brothers Invests are not financial advisors or brokers. All the information this channel share is for educational and informational purposes only.
I used to think every investor lose out during recession, meanwhile some make millions. I'm nonetheless considering whether to put $400k in my stock portfolio. What is the greatest approach to profit from the market?
During a recession, many stocks and assets may be undervalued. I believe now is an ideal time to capitalize on the market for long-term gains, but it wouldn't hurt to know how to make short-term profit. I've heard of investors making over $400k profit in this current sinking market, and I'm looking for ideas on how to earn similar profits.
I began my investment journey at the age of 33, primarily through hard work and dedication. Now at the age of 38, I am thrilled to share that my passive income exceeded $100k in a single month for the first time. This success reinforces the importance of the advice mentioned earlier. It is not about achieving quick wealth, but rather ensuring long-term financial prosperity.
Hold cash ? So biden can declare your cash is worthless when he forces WEF mandated CBDC on us
A perfect storm is brewing in the United States. Inflation, bank collapse, severe drought in the agricultural belt, recession, food shortages, diesel fuel and heating oil shortages, baby formula shortages, available automobile shortages and prices, the price of living place. It's all coming together and it could lead to a real disaster towards the end of this year (or sooner). With inflation currently at about 6%, my primary concern is how to maximize my savings/retirement fund of about $300k which has been sitting duck since forever with zero to no gains.
THEY WILL BE STUCK WITH PROPERTY AND LAND AND WON'T BE ABLE TO SELL SOON MABY THEY CAN GROW CROPS
It c ol ebaut Rece Sion. Al abot Sion
Some people can't make money on their disability because they will cut off their plans everything they have
Now with the recent economy ,To get financial FREEDOM you have to be making money while you’re asleep
Are you kidding, hold the dollars with enormous debts behind it, please don't give your false thinking other as stupid.
Cheap money is what got us here. Rates need to go up by at LEAST 300 basis points…
This is better than stand-up comedy!
I will forever be in-depted to you you've changed my life I'll continue to preach about your name for the world to hear, you've saved me from a huge financial debt with just little investment of $2,500 I got $7,000 in 3days, Thanks to Gianna Everett
I like investing in close-end funds that pay monthly dividends. The trick is to hold long term and reinvest the monthly dividends plus buy more shares on a monthly basis or when ever you can afford to. This can be easily done because close-end funds are bought and sold on the stock market just like regular stock. That’d be enough to create a portfolio that would pay you between $50k to $70k in dividend income
Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals. you have to contend with inflation, recession, decisions from the Feds and all. I was able to increase my portfolio by $289k in months. You have to seek for help in the right places.
Thanks ,Inseit Hope ,more creation (successfull ).
This is financial advice and I never give financial advice: DONT LEAVE DURING THE BEAR. If you don’t want to invest…learn. If you don’t want to learn…build. If you don’t want to build observe. DO SOMETHING…other than leave. There is so much opportunity here. Take advantage!
The fin-Market have underperformed the U.S. economy as fear of inflation hammers the prices of stock;s and bonds. My portfoliio of $250k is down to $192k any recommendation;s to scale up my return;s during this crash will be highly appreciated.
Of course they want people to hold the cash when they are trying to crash the system. Then they can bring in their digital slave currency.
The current system is completely unsustainable. The only reason it continues 'as if' is lending and debt. Lending for healthcare, for homes, for education, and plain old credit cards. trouble is, when the bottom falls out, the lenders get bailed out and consolidated, and everyone else loses their shirt.
Musk is likely shorting somewhere, although it is unclear where at the moment