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Reykjavík Rising

“Only when the last tree is cut, the last fish is caught, and the last river polluted; when to breathe the air is sickening, you will realize that wealth is not in bank accounts and that you can not eat money.”

attributed to Alanis Obomsawin, 1972

To know what is happening now, it is important to remember the mechanisms that were used after the 2008 housing crash, and what effect they will have in the future.

It was back in February of last year that Micheal Burry first warned of high inflation as a consequence of the Fed’s (Federal Reserve Bank) unprecidented money printing. He was tweeting “prepare for inflation”, hashtagging “doomed to repeat”. And calling out the US government and the Federal Reserve over the trillions of dollars worth of stimulus they had done. […] Fast forward twelve months and we are now running at a red hot inflation rate of 8.6%. […] But what is very interesting is that in the past month or so Micheal Burry has not just been doing victory laps, instead he has been tweeting quite extensively explaining why he believes this economic crisis and subsequent market downturn has only just begun.

Michael Burry’s Warning for the 2022 Stock Market Crash

Four Horsemen“, 2011. Renegade Inc. Accessed Jan. 17, 2022.

97% Owned: How is Money Created“, 2012. Independent POV. Accessed Jan. 17, 2022.

Reykjavik Rising“, 2014. Conscious Collective. Accessed Jan. 17, 2022.

Perkins, John. “An Economic Hit Man Confesses and Calls to Action“, 24.06.2016. TEDxTraverseCity, online lecture. Accessed May 21, 2022.

Michael Burry’s Warning for the 2022 Stock Market Crash“, 15.06.2022. New Media, online video. Accessed June 22, 2022.