Northeast economist Fu Peng's latest bombshell: Stop fantasizing about stability; the next 12 months will be a watershed moment for everyone's wealth. Fu Peng reveals an extremely cold and cruel truth about the underprivileged: 1. Real estate liquidity is completely locked up: A nationwide 40%-50% drop in housing prices is just the beginning. In five years, the core problem won't be prices, but rather "they simply can't be sold, and no one will buy." 2. Global tech assets face a "falsification massacre": If AI hardware infrastructure fails to prove the profitability of enterprise-level productivity within the next 12-18 months, we are witnessing the bursting of the biggest bubble in human history. The upstream roads are built, but the downstream roads are deserted; what follows is a massive valuation collapse of global assets. 3. A warning for the underprivileged: Ordinary people are falling into the ultimate death triangle of "slowing income, asset deflation, and continued inflation despite debt." Previously, buying assets allowed people to climb the social ladder; in the future, blindly buying assets will lead to a return to poverty. Hold onto cash tightly and abandon the inertia of the low-interest-rate era—this is the only way to survive.