If you haven't already, check out the Peak Prosperity channel on Youtube or Rumble. He's been going over some pretty wild stuff over the past few weeks, digging through a bunch of regulation that was put in place with Dodd-Frank to "protect" the market.
The short version is that apparently any institution with any sort of financial interest in anything you own is treated as the "senior claimant" during a bankruptcy, so they get to come in and take everything before you or anyone else does. Also, any stock you think you own is actually owned by a company called Cede, and you're just renting it from them through a complicated series of IOUs.
So if everything explodes, you'll maybe own your house and the stuff in it if you're lucky. Kiss your 401k goodbye.
If you haven't already, check out the Peak Prosperity channel on Youtube or Rumble. He's been going over some pretty wild stuff over the past few weeks, digging through a bunch of regulation that was put in place with Dodd-Frank to "protect" the market.
The short version is that apparently any institution with any sort of financial interest in anything you own is treated as the "senior claimant" during a bankruptcy, so they get to come in and take everything before you or anyone else does. Also, any stock you think you own is actually owned by a company called Cede, and you're just renting it from them through a complicated series of IOUs.
So if everything explodes, you'll maybe own your house and the stuff in it if you're lucky. Kiss your 401k goodbye.