Wednesday, July 22, 2020

30% Capital Loss

I keep working hard and saving, but the value of my savings is falling. In the six months of corona since January 2020, about a third of my savings in the bourse are gone. This in addition to my previous losses on TEVA stock. The corona epidemic has created a worldwide depression and disorder, and the perspectives are not encouraging. The current valuation of the shares is maintained by artificial injection of freshly printed paper (aka "money"), which may evaporate in any second.

The presidential election is driving America crazy. Trump is sending troops to occupy the burning cities. The West has realized that Chinese industrial success has destroyed its industries. It is Europe 1925 once more and the only solution is the physical destruction of Chinese infrastructure or waiting till it collapses spontaneously through aging.

In the West, the population replacement is proceeding fast. The British high aristocracy has legitimated it. The new generation in France is about 50% North African, what will the consequences of such a dilution of native population? Maybe none. Maybe we shall get used to it and notice nothing. Maybe the West will be like the Caribbean, and future generations will enjoy the marimba and the chachacha.  

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