Sobek's Stock Forum

[Sobek]

Actually think it has to do with the shit show Obama did on us in 2009.

He not only allowed the banks to finance air but then let millions lose their homes and retirement funds while bailing out the billionaires when it all failed.

It took a toll on us and now the children from that time are of age and God forbid if they get screwed before they can even walk out of high school with the slightest glimmer of hope. Many of them feel as if their childhood was stripped from them because of that disaster.

Between them and the veterans, we're most definitely looking at mass chaos if our economy was to shut down again. Possibly the end of our nation as we know it, seriously.

I have a graduate this year and he is angry, frustrated, and very pissed off his graduation was ruined. Also my younger brother is a retired Army Ranger who did 3 tours in Afghanistan. You ever see a ranger clear out an entire bar of 25 ppl on his own? I have, it's not pretty at all and the messed up part is there's laws protecting him from acts of violence due to PTSD. He got 3 months probation and 6 months of AA meetings while 2 of the people he beat down were on life support.

Now imaging hundreds of thousands of people like them getting pissed because the economy shut down. It will not end well and our nation's leaders see that.

But as I was saying, Obama continued to allow big corps. to make cutbacks well after the fact it was over that escalated the unemployment issue Trump inherited. Also don't forget the Obama health care which is still devastating to millions of Americans was a big part of corp. cutbacks as well

But as soon as the housing market was turning around, they allowed William Erbey (Altisource) to acquire RentRange for $22m then he used it to pump and manipulate the residential rental market nationwide.

It caused a landslide of investors worldwide buying up the empty U.S. homes instead of giving the people that lost their homes a chance to buy them back first at rock bottom prices.

It was after almost 7 years Erbey did this which was right around the time everyone's credit was shaping up and they could get financing. Unfortunately it was then and under the Obama administration when Erbey told investors through the RentRange campaign to charge from 10%-15% of the home's value for rent.

Well those homes which sold for say $100k-$150k to investors all of a sudden were valued at $200k-300k over night because of the demand he created and once again, the people were screwed

The way I see it is Erbey saw that people's credit was destroyed and they could only rent. Plus with the punishment the people were handed by having to come up with 20% down for a new home screwed them even more.

With that he ended up trapping millions into the rental market and creating billions in revenues for his companies while ballooning not only the rental homes but the surrounding new homes as well.

Bottom line imo our last president screwed us all simply because he was clueless to how big corporate America works. Remember he walked into office worth only a few $100k and walked out with somewhere around $40m in his pocket.

Now understand I am not a big fan of Trump but he does know business. We can't deny that.

So fast forward to COVID and when eBay and Amazon started allowing price gouging of crises products on their websites while we are still paying out the rear for rent, new homes, and health insurance and being laid off from our jobs.

If we think for one minute Trump didn't pick up the phone and call Bezos and Iannone and personally tell them to stop the gouging or he'll shut them down, we're mistaken.

This would of been right around the time he had the CEO's of Walmart, Target, Walgreens, and a few others stand with him in a live address to the nation to assure us they will be fair and keep the shelves full. I'm sure it wasn't a pleasure for them to stand with our president, I'm 100% positive it was an order if they liked it or not to be there.

Another issue we had to face is Bitcoin. If there was ever a time for bitcoin to take on the dollar, now would of been it. But it didn't happen simply because we proved the American dollar is the strongest digital currency out there. All they did was type in the number and distribute the checks. It shut down all possibilities of the dollar being taken over by other currency including bitcoin.

Also remember when Trump asked auto manufactures to reopen closed factories to make respirators and they tried to negotiate? Well Trump's response was he sent his men in black to all the hospitals in the nation and seized all those respirators and hospital supplies they were hoarding and told the auto makers now they're on his shit list plus the hospital administrators where they seized these products are still facing charges.

The same deal with the health insurance companies. They wanted bailout money and Trump told them no. It's for the people, hospitals, and the front line medical teams, not to pay the insurance companies plus he told them do not charge the people for any COVID related expenses.

It was only after the health insurance companies agreed to waive premiums and copayments that he agreed to bail them out but only for those charges.

Oil. Trump saw that we would stop driving and he was dead on. Sure the oil tycoons scrambled and the ppb plummeted but the average American who is not an investor went from paying up to $60 to fill their tank to as low as maybe $25.

I can go on and on. Right down to Trump taking a huge hit on his net worth since taking office.

But it's not that we are immune imo, but imo it's because we have one of the most diligent investors in our history running the country. Shit, he might even tell Apple to get screwed here if he gets reelected. And if that happens watch how fast Google, Amazon, and all the other big companies that have been getting away with tax evasion start paying up. Even if Apple brings it home, the taxes these big companies owe us will have to pay and that money will definitely make a huge dent in our nation's deficit.

But like I said, I am not a big fan of Trump. But I am a fan to how he's not afraid to tell the most powerful people and companies in the world to get back on board and hold them accountable if they start screwing the people again like they did in the Obama administration.

And I know that Trump isn't doing it 100% for the people. You watch, if he gets reelected we will see the DOW hit and break $30k and he will have his money vested in the right companies. But he's not screwing the people to do it like our previous elect president. He's doing it by keeping the wealthy in their place and literally putting his foot up their asses if they try to screw the people.

As far as the small businesses. Yes it's rough. But I have the faith that we will not let them drown. Just sit tight and watch for buying opportunities in all the tickers that have plummeted.

I did it in 2009 with my 401k. I sold it all and reinvested in the staple companies. Microsoft, Walmart, Wendy's, BOA, Yahoo, even grabbed a nice handful of FB in 2013

Watch the stocks that serve the people... the cruise lines, airlines, theme parks, movie theaters, etc. and be ready to short the companies who's revenues have sored due to providing crises essentials.

It'll work out. The DOW went from like $7k to almost $30k since the crash of '09. Now the $24k mark is key. All the fund managers are working around the clock to make sure the, let's say 1%'ers, can't short us into oblivion.

We will bounce back, we always do.