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Michael Burry will close his hedge fund at the end of the year after admitting that he does not understand the current market. This is normal, as he refuses to accept the new reality that has been built since 1971: markets are driven by liquidity, and liquidity is created by a monkey who presides over the Federal Reserve under the command of the Rothschilds. The strange thing is that Burry does not understand this when he himself took advantage of it during the subprime mortgage crisis. I know he has Asperger's, but he may have something more serious. image View quoted note →

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Idiot. Intelligence can only get you so far. A little curiosity can help get you the perspective you need. An openness to rethink the aggressive institution of the state takes you the rest of the way. He should have studied how the Fed works from Austrians.