This guy is looking at the wrong bubble.
There's no way for the stock market to tank completely, there's too much cash in the system. The 1% (who aren't in the know) don't know where to put it; when prices start to dump they'll put it in the market and prop up the prices. The banks don't have that much cash but the Fed will virtually print more virtual money.
This much cash being circulated will boost inflation. Steps will be taken to freeze cash withdrawals and limit personal spending.
Eventually, the government will seize brokerage accounts, including private retirement accounts, because the regular person "isn't smart or stable enough" and we need "more predictable markets". Meanwhile the 0.01% will keep their stock because they're "bastions of stability".
I think they’re already working towards seizing accounts through the guise of taxes.
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