Global Depression 2022 - Time to do the Breadline Boogaloo!

[Zbk3VmLfujjzjxBd43tL]

Yes, their debt is less than 5% of GDP and they have huge stockpiles of gold, silver, oil, and natural gas. All the brainlets saying Russia's economy is on the brink of collapse are overdosing on copium. They are much better prepared to weather a recession than western democracies.

What the West is counting on is taking away additional sources of income (hence cancelling the pipeline, embargoes on Russian exports) and trying to cut them off from all sorts of other stuff to decrease the quality of living and provoke either regime change or at the very least force Putin to make concessions in the direction they want. Fact of the matter is that it doesn't matter your country's living standards, a decline in the standard of living you are used to (as Russians have been used to for the past 20 years or so) always brings about widespread discontent--just look at what's happening in the West now.

Time will tell if this strategy is effective, but ultimately I think it's going to do just as much damage to us as it will to Russia.

 

[FAQnews Correspondent]

Fact of the matter is that it doesn't matter your country's living standards, a decline in the standard of living you are used to (as Russians have been used to for the past 20 years or so) always brings about widespread discontent--just look at what's happening in the West now.

The best part is that the play here seems to be lambasting and calling people selfish for complaining about the skyrocketing prices of necessities.

 

[Kramer on the phone]

And this is using there fuzzy math that leaves out things like the price of gas and food. It also does not factor for worse localized inflation in places like New York City.

The actual inflation rate is probably much higher if you add this stuff in. This I going to get ugly as the Social Security pay out is tied to inflation. Next year it's getting an almost 6% boost as consequence.

How record Social Security cost-of-living adjustment will be impacted by high inflation, Medicare premiums

Retirees who are already contending with higher prices for food and health care may not cheer when they receive their Social Security checks in January.

www.cnbc.com

The 2023 adjustment is going to be ugly if this trend continues. The amount of money the US government is spending on Gibs and Security is completely out of control and the Federal Reserve just dumping cash on the economy is not helping matters. Worse, wages are sticky. They are not keeping up.

It's a heading for a calamity. And this time there is no Paul Volker to rip the bandaid off before its too late. They can't stop it now, and must instead pray they can somehow deflate this asset bubble without popping it.

It's never been done successfully before.

i'm sure someones mentioned this before but this is actually why you saw so many old people with do nothing jobs in the 80s and 90s, like greeting people at wal-mart. the carter era double digit inflation fucked over most of those people who retired and got a pension before then, SSI didn't keep up.

Everything I have seen from the last couple years is that the elites have thrown in the towel on kicking the can any further. They are preparing for an imminent currency reset.

They can't. It is too far gone to fix.

Volker Era rates wouldn't cut it.

why would they? we've had the same elites since the 90s. they were perfectly fine kicking the can because they still had a lot of good years ahead of them, now they're all in their 80s and the actuary tables show they're lucky to be alive. Plus no one wants to leave a party when its still good. its why the jews waited until apartheid officially ended to fuck off. better to burn down the house before leaving the disco

 

[Kramer on the phone]

A controlled societal collapse. What arrogance.

its only arrogance if it doesn't work. the US will have every ablebodied man surrounding israel with knives in order to protect them.

They should have let the banks fail in 2008. It would have hurt. The very foundations of our society would have shaken.

But in 2008 we were still relatively united. We would have pulled through. Needed reforms would have been made, and those responsible would have been hung from trees. But we would have gotten through it.

Instead they unleashed a monster. Massive over leveraging of debt and fiat to paper over the disaster, combined with ruthless divide and conquer political strategies to misdirect the idiot masses rage. All this did was shatter social cohesion while also exponentially increasing the size of the economic bubble and its attached exposure.

The scale of the social and economic disaster we are now facing cannot be understated. Our fearless leaders made a bargain with the devil himself for more time in 2008. In their arrogance they assumed they were smart enough to outplay him. They were fools, and you can feel the fear dripping off of them as they realize time is running out.

The only problem is they are taking all of us down with them. God damn them.

15 years ago all these people had way more life and years left, now they're retired and have used as much money as possible to weather the societal collapse. as for the "hung from trees" part, that would have meant most of the upper parts of government and entertainment. i hate Kevin Bacon and Jon Stewart too, but i highly doubt them being executed in 2009 would have been a good bellwether for the direction of society. honestly kicking the can probably worked out for tons of them, beyond that you'd be surprised how heavily connected the DNC was to the bankers, just losing Madoff is what sort of led to them not having the cash to help people down ticket for all of the obama era. Obama's entire term was spent trying to nigger rig their way out of debt. its why hilary and biden's main goals once in office were stated to be getting their creditors more money.

The problem is they never want degrowth on themselves, us peasants are the ones who will eat bugs and live in a pod to make the degrowth happen. There's a lot of ways of sustainably halting growth that wouldn't really impact your life other than shit like not buying a new iPhone every year or taking 5 vacations. There are studies showing that material wealth indeed isn't happiness, and that once a country hits about 10,000 USD in GDP per capita, their happiness levels are unlikely to rise specifically from wealth alone. People in the 1950s were much poorer than today, but enjoyed the same happiness as now.

An actually good degrowth program could solve a lot of problems we don't have the money to solve today because we prioritize economic growth. I think it would essentially be an alternative to the Green New Deal since it would inevitably transition the economy to 100% green energy (could be nuclear power, could be something else, not the point of this discussion) because it needs such a huge capital influx but isn't going to make back much money for the banks. I would expect the rising costs of a lot of goods (since they'd be locally manufactured) would be offset by higher wages and subsidies on energy so material prosperity would not decrease by much, it would merely remain frozen. Imports and exports would slow and things would be more regional since we wouldn't have as much cross-country shipping. We'd probably see a lot of money invested in research and science, especially space if we're assuming degrowth for the sake of energy/resource independence and environmentalism.

The powers that be don't want this, since then they couldn't control countries by having them acquire massive levels of debt, they couldn't have their climate apocalypse (which they want so they can finish blending every race and culture into one ball of globohomo and kill billions of people to control the population), and they couldn't watch their lines go up while humiliating us peasants as we slave for them for extra bug rations. It defeats the purpose of banks as they are now to loan money like this, because banks rarely run on common morality like "give away money for the sake of the country and its people" or even actual green stuff instead of the faggy pseudo-environmentalism these banks do now.

you're right on just about everything, but i think the 10,000 USD in GDP per capita, is absurdly low, ,maybe thats what it was in 1960s era dollars but most middle east, eastern europe, and asian coutries have much higher than 10,000 USD in GDP per capita. call me crazy but i don't think Cuba, South Africa, and Indonesia have their happiness levels maxxed out

Don’t know how legit this is but food shortages going to be hitting if true

mind you that was pre-war between two major food and energy producers.

Your time horizon is too long. Other nations aren't going to play hot potato for a decade hoping they aren't the one's holding USD when it implodes. I give it 4 years max, nations have been buying up gold and silver, as well as signing agreements to trade between local currencies instead of USD(and this is only what they've said publicly). Everyone knows what's coming, only a fool would wait until the last minute to get his.

you're good but you probably gave too much of a runway. the US decided to sanction half the global population, a bit harder being the reserve currency when you only let a minority use it

Idk man, things look as bad here as in US, it's a never-ending economic crisis since 2014, and it's even worse since COVID has started. Workers shortages, inflation, prices rising constantly - it's all the same stuff that I've read in this thread.

I've recently learnt that I'm in top 10% of Russian wagies by income apparently, but the both present and future seem bleak nevertheless.

And now we have ethnic tensions that are pumped by the media and social networks, which makes me think that something bad is going to happen. Like, there always was some disdain for migrant workers from Central Asia (rightfully so), but I think they're being purposefully intensified now.

Maybe it's all a 4D chess by Putin to consolidate population and make some kind of economic jump during global crisis, but I'm done believing in fairy tales.

Spoiler: Btw

View attachment 2977760 https://www.reuters.com/markets/eur...y-95-does-not-rule-out-more-hikes-2022-02-11/

how's it going big guy?

If Putin's plan was to crash this gay global economy with no survivors, I think he's doing a pretty good job at it.

Sucks for everyone else though.

like what was established earlier, Putin has been fortifying his country against this for years. its literally like a guy with the largest gold reserves crashing the economy because it makes his gold stockpile worth more. for fucks sake i doubt russia is doing too bad with the price of oil surging as high as it is, unless the EU never buys from them again, he wins in the end just on that front.

Their interest rate is 20% too, versus our 0.25%.

Debasing the dollar only goes so far.

come on now.

also a nice reddit representation of Russia vs the West:

 

[AncientPhosphur]

This seems worrisome.

 

[Meat Target]

Another day, another "let them eat cake" take.

 

[Kramer on the phone]

This seems worrisome.View attachment 3050940

turned out the Wheatfields was the most absurd part of the fantasy.

 

[Blobby's Murder Knife]

Another day, another "let them eat cake" take.

View attachment 3051516

I didn't want to buy tires for one of my cars yet, but this sort of pushed my hand along with the tire plant closures. It took me about seven or eight weeks 5 months ago to get REGULAR PRODUCTION tires for one of my cars so I am once bitten twice shy here.

The price of meat, flour, and oil has skyrocketed. I can still get some lux items like pure vanilla extract at a much lower price than 2 years ago, but almost everything else is more expensive. I bought 50lbs of black beans in 2020 and they were 35% less than what they are selling for now. I could get organic (not that I cared) AP flour at Costco for $10 for 20lbs at the start of the 2020 coof. Now it is $15 for the same amount. Canned chicken was $8.49. Now $12.99. I used to get 2 gallons of canola oil from Costco for $6.49. Now it is $11.99. Wet cat food is now hard to find...just what? And now it is $3.79 a gallon for 87 unleaded here and $4.39 for diesel at the cheapest stations. I have seen some as high as $4.99 87 and $5.99 diesel.

I am trying to get my kid in college in the high school, but the community college has completely checked out due to my muh covid and no one is available to address problems for muh safety (STILL, DESPITE IT ALL BEING DROPPED NEXT WEEK!). It is fucking ridiculous and I hate this timeline.

 

[Dr. Geronimo]

The moment I'm finally in a position to get a house and the entire world goes to shit...

 

[Blobby's Murder Knife]

The moment I'm finally in a position to get a house and the entire world goes to shit...

As a person that owns a house, I have no idea if I am better off or not. Yes, my mortgage is the same, but my property taxes, insurance, and maintenance are definitely not. My house is appreciating at an insane rate and so go up the first two, and the third to a lesser extent.

 

[Dr. Geronimo]

As a person that owns a house, I have no idea if I am better off or not. Yes, my mortgage is the same, but my property taxes, insurance, and maintenance are definitely not. My house is appreciating at an insane rate and so go up the first two, and the third to a lesser extent.

While it may be a depreciating asset, at least it's an asset. Despite actually making 'decent' money in my area I'm being continuously forced to move to shittier areas and smaller apartments.

 

[Blobby's Murder Knife]

While it may be a depreciating asset, at least it's an asset. Despite actually making 'decent' money in my area I'm being continuously forced to move to shittier areas and smaller apartments.

I understand. I mean, I have an appreciating asset BUT everything I want to buy after selling my house is much more expensive. My options are to either stay put or move far the fuck away. TBH, I am considering the latter. I love this area, but hate the culture. The unquestioning NPC rate here is insane.

 

[Jump]

As a person that owns a house, I have no idea if I am better off or not. Yes, my mortgage is the same, but my property taxes, insurance, and maintenance are definitely not. My house is appreciating at an insane rate and so go up the first two, and the third to a lesser extent.

If your not flushing money down the drain by paying rent you are better off.
Also you get the stability of moving out on your own terms or not. Not some landlord's whim every time the lease is up.

 

[Blobby's Murder Knife]

If your not flushing money down the drain by paying rent you are better off.
Also you get the stability of moving out on your own terms or not. Not some landlord's whim every time the lease is up.

Yes, no. Again, I want to stay in my area, but I am being priced out just as much as someone in an apartment is in their market. If the market was sane, yeah, I would cash out and buy another house that would cost about the same or less as my current mortgage, but that's not possible in my market.

Edit: Bought my house a few years ago for 275k. Now it is worth 500k and I don't have a great house, just a decent blue collar one <2000sqf in a nice blue collar neighborhood, 50 years old. Apartment dwellers also have more freedom to move. I sort of miss that about living in a mtm rental. Now I have to think of resale value and fees and taxes and zz when I want to sell. The only real advantage so far to owning a house is having whatever pets I want. I mean, if I could rent a nice enough place that would allow me a small acreage, livestock, and 2 indoor cats, I would not care about remodeling it myself or whatever.

 

[ChefKiss]

The best part is that the play here seems to be lambasting and calling people selfish for complaining about the skyrocketing prices of necessities.

Celebrities, the rich and famous, lambasting the working class, saying a few extra dollars per gallon of gas doesn't effect them, so why should it effect you? It's actually insane, we all know they're out of touch with the common man but I thought they at least had enough PR and marketing knowledge to not go so blatant with this

 

[AncientPhosphur]

Just buy an electric vehicle is this generations “Let then eat cake”

 

[Honka Honka Burning Love]

I understand. I mean, I have an appreciating asset BUT everything I want to buy after selling my house is much more expensive. My options are to either stay put or move far the fuck away. TBH, I am considering the latter. I love this area, but hate the culture. The unquestioning NPC rate here is insane.

You don't just have an asset, you have a tool that you can use to stay out of the weather, protect you from animals and keep your shit in.

Remember the people who hate us and caused this shit do not want you to own anything, so own things if you can.

 

[T0oCoolFool]

I have to fill my tank up again later today. It was $4.09 yesterday while I was out traveling, I don't even want to know what it is today.

 

[Shadfan666xxx000]

I understand. I mean, I have an appreciating asset BUT everything I want to buy after selling my house is much more expensive. My options are to either stay put or move far the fuck away. TBH, I am considering the latter. I love this area, but hate the culture. The unquestioning NPC rate here is insane.

The fact that you have so much as a shack in the ghetto under your name puts you head and shoulders over most people you meet. Just keep the house and take the recluse pill.

 

[Reverend]

$85 in gas to fill up my car.

Fuck every single one of you people who voted for Biden, you are the ones that caused this nightmare and it is Biden's fault.

Shitlords blamed trump if a general stubbed his toe, I'm putting our economic downfall on Biden and his administration.

I look forward to $10/lb of ground chuck and $5/loaf of bread with $8/gallon of milk.

Time to turn my back yard into a garden so I can at least eat vegetables without bartering for it from mexicans.