So,

Let me tell you about something I read in 2006 when I sold everything and moved to Mexico. It was an interview with a Mutual Fund manager and he was asked about RISK in his portfolio.

He said.

There is no WISDOM in the Market. Only GREED.

He said that he knew the housing market was a bubble and that it was going to burst sometime. He advised individuals to get out of funds that were overly invested in it.

But, he couldn't do it himself. For his clients. If he did, they would fire him.

Because that's where the HIGHEST RETURNS were happening. If he wasn't in there making "hay while the Sun was shining" and getting the MAXIMUM RETURN for his fund he would be costing his clients money.

Because, he couldn't say when the bubble was going to pop, and everyone wanted him to stay as long as possible. To make as much money as possible before the well ran dry.

What this does, is create a situation where everyone is making money but everyone is watching for the FIRST SIGN that the bubble is going to pop. Everyone wants to 'get out' and sell at the peak to some poor sap who will lose his shirt.

Does this sound familiar?

What/s going on tells us that there is a LOT of FEAR in the financial community that the current situation is a house of cards. They are skittish that the BANKS, which which they demanded HUGE RETURNS from, have taken on HUGE amounts of RISK. And that they have been lying about it

That's why everyone is spooked. In 2008 the BANKS fucked everyone by buying too much property that lost value. This time they may have done it by buying to much crypto as an investment.

The Banks could literally have been doing the equivalent of taking your money to a Casino to chase "big payouts".