There's a big recession coming - house prices as always. Mortgages being the vehicle.
Get out now before it's too late and buy gilts, the capital gains are tax free!
When the QE and a crash in the base rate everywhere comes to the rescue of hundreds of millions of homeowners around the world, gilts will boom by at least 50% as they suddenly become super valuable.
Gold will fall. And bitcoin. It's not clear by how much. All you can say about those losses is that they most come out of the gains in gilts in the end. Where else?
The original Bitcoin protocol will come to the fore in the rescue plan of every state but you won't see it, you won't need to. It will just work as an enormous labour saving device, carrying the line of productivity back above the line of rent - starting the recovery.
The economy will start to recover once again, as expected, as seen a hundred times, by those who care to look at what happened the last hundred times. These ones will be the easy winners by a very long way. You cannot knock them. They simply did their 'duty' for their household and descendants. Which is to look after both as a first duty. An act of honour for which they will be remembered.
Real estate will recover and continue its onward march, so prepare yourselves in advance of that and start planning to buy back in. Shorting real estate the right way. Do not forget, the tax liability on sale will easily be clawed back, for free, using the tax free government gilts which have boomed.
Everything else - capital, so called financial wealth, will have been decimated and most of it will not recover. Gone, forever. But land value in real estate is always a safe place to rest one's weary head.
This is how the biggest system wide transfers of wealth always happen. In all times. And in all places. Under tyranny and in our hallowed democracy.
This is not financial advice. It is looking to history, to learn how to remember the future. And telling you about it.
No, it's OK. You are welcome.
