Michael Burry is back on Twitter after he received a visit by the SEC and he shut down his Twitter account. So far there is only one Tweet and there are clues as to what he is thinking with his new profile and the hashtags listed. Burry believes that the bubble of all bubbles is about to burst and this is caused by everything from Covid lockdowns, out of control money printing, and massive inflation. The housing market is back to 2008 levels with over priced mortgages being bought up by private corporations and foreign interest. Burry continues to sound the alarm knowing that he is being watched. The man who earned over 100 million from the 2008 housing bubble is now betting against Tesla and other companies that are viewed as safe. If I had to place my trust between Burry and the federal government I would side with Burry. One prints money to prove they are right, while the other puts their money where their beliefs are. It should be obvious to everyone at this point that the system is going to start crashing down, it already is, and just like 2008 we are in the phase where the crew of the titanic are telling us everything is fine and please stay away from the lifeboats, as their friends and family load up to row off into the ocean.
Over the past couple of months Michael J Burry, the one-eyed hedge fund manager that made $800 million dollars from the housing market bubble, has been warning of hyperinflation and an economic collapse in the near future. Through a series of tweets, Burry pointed out several comparisons between 1920s Germany and the current US (2010-current). Not only do I have to say that he isn’t wrong but yesterday he was paid a visit by the SEC because of his tweets. The final tweet that led to the visit stating “You know my position now, no need to hear more from me.” He had been warning about the bubble in the stock market and the bubble that is about to burst. The federal reserve continues to print more money while thinking they can simply print more money to pay their bills. Burry’s Twitter bio currently says “born to fight, to be cuffed when starting.”