Punter, I don't see any reason to wait to get short. Something very bad this way comes.
Two weeks before the horrible fires in northern CA I had a nightmare of driving on foothill roads and seeing the engulfing flames approaching with monstrous vigor.
One week before the recent large earthquakes near Fontana CA and the San Gabriel mountains while my wife and I were visiting family I said to her while driving that this is a perfect place for an earthquake.
I now feel that some type of financial panic may shortly ensue.
I have to allude to two recent negative financial experiences. I've used Coinbase with no negative events until recently. Imagine transferring funds ACH from your bank to Coinbase and then magically seeing daily unauthorized ACH transfers of the exact same amount. I had my bank reverse the unauthorized transfers. Coinbase froze my account and did one of their infamous "investigations" for a week where they never actually disclose what really happened. In fact they never actually disclose anything. I believe that their correspondent bank, Cross River Bank in NJ accidentally coded my account for recurrent transfers, but upon speaking with their ACH department of course vehemently denying this in their rude New York Italian-American demeanor (sorry, I'm from there and know what it's like, ha, ha.).
So once Coinbase sought fit to release my funds I could not transfer to my bank, only Paypal. And the fun begins again. Transfer denied. Transfer denied over and over. And those knowledgeable, judgmental Paypal Call Center supervisors know nothing and each and every one that one talks to tells a different story. You tried to take out too much money at once. Security shut down your account. Your bank denied reception of your funds. All stupid or mean people that find joy in spreading disinformation and instilling panic. I won't go into further details of their inaccuracies and sophomoric analysis, but truth be told, the real reason was a breakdown in their software transmittal network, without IT or upper management informing the call centers, leaving those bored and restless call center fiefdoms free to spread fear. Oh, but they credited my account $10 in the end as a "courtesy". LMFAO
Poloniex, which once dominated cryptocurrency trading in the "good ole days" now being responsible for just above 1% of the trading volume absconded with a small fortune of my funds by disallowing all but the smallest withdrawals while Bitcoin was crashing, due to liquidity concerns. They had to be bailed out once through usury. Subsequently being bought out by a company called Circle something (partly owned by the GS boyz). Just try to find an attorney willing to take on crytpocurrency fraud. The attorneys talk like big shots in the media about getting their clients even but it ain't so. And calling up the Attorney General's Office results in, well, what are you talkin about
To finally end this diatribe, of which I almost never post anything here or anywhere I say this: short the markets, buy gold, Bitcoin is good but use GBTC or the futures if you can afford to, NOT THE CRYPTO EXCHANGES EVER, and, for God's Sake , stay away from real estate.
