Global Depression 2022 - Time to do the Breadline Boogaloo!

[Zbk3VmLfujjzjxBd43tL]

The problem is there is literally no alternative. The historic workers party have been mired in woke identity politics for years and have almost completely alienated the voter base. In terms of policies that matter though there aren't any meaningful differences to the ruling party - they are basically all corporate stooges offering nothing to the working class. Two cheeks of the same arse as they say. We're totally fucked.

There's always minor parties out there, but then you just get accused of vote-splitting and have a bunch of shills here on Kiwifarms telling you how dumb you are for voting for them because you're just letting [insert leftist party] win. Because OBVIOUSLY you shouldn't vote for them because they won't win meaning voting for them is pointless.

The global political class hates you, so if you're going to vote at all in their rigged system, then vote as a protest.

 

[The Ugly One]

$12/hr is ass when eggs are 4.99 a carton milk is the same and gas is $6 a gallon. And that's not even factoring in people's rent/mortgages.

Dropping fries into grease has always paid a shit wage. Just saying that it doesn't pay minimum wage, and hasn't for years. And it never will pay well, because McDonald's isn't a luxury food. Of course, at this rate, it will be by 2024.

Not going to last, Silicon Valley is going to heavily contract in the next few years now that the free money ride from the Fed is over. These business are going to lay off huge amounts of dead weight because they have to turn a profit now. Everything is going to contract, wages and perks first and foremost, which is ironic because in the face of inflation tech workers will want higher wages. The next few years are going to be shaking out all of these zombie corporations and their deadbeat "workers" who would never have had a job if the same rules that apply to blue collar workers were enforced for them.

Given that Big Tech salaries start at $200K and have a ceiling of $500K, I think what is more likely is salaries everywhere else are going to rise to be on par with the software industry, while being a code monkey for Facebook no longer means you get to drive a Model S.

 

[Meat Target]

The stock market lost $1 trillion this week, and is heading into its 7th or 8th consecutive down week.

ETA: Ruble is now at a 4-year high.

 

[Shrek]

Boomers desperately don’t want to see another sustained downturn in their lifetimes. What’s the over under on merica trying to print their way out of this shit again?

 

[Honka Honka Burning Love]

What’s the over under on merica trying to print their way out of this shit again?

Is it a fair over/under bet when the chances of it happening are 100%?

 

[Raoul_Duke]

Boomers desperately don’t want to see another sustained downturn in their lifetimes. What’s the over under on merica trying to print their way out of this shit again?

Negroid, the money printer is already on overdrive. They can't print much more without causing stagflation that would dwarf that of the 70s, cause at least an economic recession, and detonate the markets.

 

[Nopenopenope]

Well this can't be good.

https://www.bbc.com/news/uk-england-cornwall-61478106

https://archive.ph/dkhWn

Nah, this is either dumb people or ones who were already welfare state scroungers anyway. The ones with multicoloured dyed hair, cigarette in hand, out of control kids in the background with no dad in sight. About time there was some motivation for these people to get a job.

 

[Knight of the Rope]

The stock market lost $1 trillion this week, and is heading into its 7th or 8th consecutive down week.

Well that's not good news, damn. But are we at least owning Putler yet?

ETA: Ruble is now at a 4-year high.

Shucks...

 

[Tacitus Kilgore]

Doom-splainers always like to tell you the economy is going to collapse. Problem is it never does. Most doom-splainers are boomers or boomer tier types. I have heard all the chicken little shit before. The sky is always falling.

Things just get a little shittier. That's all that happens.

 

[Tsukasa Kadoya]

Doom-splainers always like to tell you the economy is going to collapse. Problem is it never does. Most doom-splainers are boomers or boomer tier types. I have heard all the chicken little shit before. The sky is always falling.

Things just get a little shittier. That's all that happens.

ANything can collapse if someone is deliberately trying to demolish it.
And the people running the economy are pulling out (almost) all the stops to ensure the system is completely and irreparably dead.

 

[Tacitus Kilgore]

ANything can collapse if someone is deliberately trying to demolish it.
And the people running the economy are pulling out (almost) all the stops to ensure the system is completely and irreparably dead.

It was supposed to collapse when gas went up to $2 a gallon. After that it was $3 a gallon. Some said when the debt reached 30 trillion the US economy would collapse. Yet it never did.

Don't take doom-splaining boomers and boomer tier types seriously. It's better for your health.

 

[Meat Target]

Doom-splainers always like to tell you the economy is going to collapse. Problem is it never does. Most doom-splainers are boomers or boomer tier types. I have heard all the chicken little shit before. The sky is always falling.

Things just get a little shittier. That's all that happens.

It's not gonna all come crashing down in a spectacular cataclysm. It's entropy. It's a disaster in slow motion.

Which I think makes it worse.

 

[Knight of the Rope]

Don't take doom-splaining boomers and boomer tier types seriously. It's better for your health.

Alternatively, join in on the doomposting. That's also a healthy outlet.

 

[Maurice Caine]

It was supposed to collapse when gas went up to $2 a gallon. After that it was $3 a gallon. Some said when the debt reached 30 trillion the US economy would collapse. Yet it never did.

Don't take doom-splaining boomers and boomer tier types seriously. It's better for your health.

The economy did collapse, 14 years ago. It's been a shuffling zombie ever since. Wonder why you can't buy affordable homes anywhere in the world? That's why...

 

[Tacitus Kilgore]

The economy did collapse, 14 years ago. It's been a shuffling zombie ever since. Wonder why you can't buy affordable homes anywhere in the world? That's why...

I generally base my idea of an economic collapse on something like Weimar or the Soviet collapse. I have heard people call the recession of the late 2000's a collapse. But it was more like a recession, or I guess a micro collapse. There have always been these recessions or micro-collapses. There was one in the early 2000's involving the tech bubble. There was one in the 90's. If you talk to any Boomer or Gen X'er that was around in the 80's to experience it the entire decade was like one long recession and the early 90's under George H.W. Bush weren't any better.

 

[Maurice Caine]

I generally base my idea of an economic collapse on something like Weimar or the Soviet collapse. I have heard people call the recession of the late 2000's a collapse. But it was more like a recession, or I guess a micro collapse. There have always been these recessions or micro-collapses. There was one in the early 2000's involving the tech bubble. There was one in the 90's. If you talk to any Gen X'er that was around in the 80's to experience it the entire decade was like one long recession and the early 90's under George H.W. Bush weren't any better.

Yeah I guess you're right, they're not comparable

 

[George Lucas]

I generally base my idea of an economic collapse on something like Weimar or the Soviet collapse. I have heard people call the recession of the late 2000's a collapse. But it was more like a recession, or I guess a micro collapse. There have always been these recessions or micro-collapses. There was one in the early 2000's involving the tech bubble. There was one in the 90's. If you talk to any Boomer or Gen X'er that was around in the 80's to experience it the entire decade was like one long recession and the early 90's under George H.W. Bush weren't any better.

The housing market before 2008 was completely different from what we have now. That market truly collapsed and never recovered.

You can make an argument that the car market fundamentally changed, too, but I don’t know enough about it to give an opinion.

US manufacturing collapsed in the 70s. Try buying something that’s the same or better quality as some random tool or ware in your grandma’s kitchen. You won’t find it.

 

[Tacitus Kilgore]

The housing market before 2008 was completely different from what we have now. That market truly collapsed and never recovered.

You can make an argument that the car market fundamentally changed, too, but I don’t know enough about it to give an opinion.

US manufacturing collapsed in the 70s. Try buying something that’s the same or better quality as some random tool or ware in your grandma’s kitchen. You won’t find it.

If it collapsed housing prices would go down. They did for a while but not much and not long. I don't think it ever collapsed enough. The housing bubble lost a little bit of air but that was it. Rent and housing prices are still extremely inflated. The US still has high numbers of unemployed and wages are stagnant and haven't kept up with the cost-of-living increases.

Everything being made overseas is part of the problem.

Yeah I guess you're right, they're not comparable

Things are bad. But not Weimar or Soviet collapse bad. Not yet at least. We are still at the point where we can still save it and keep that from happening. But getting rid of the people who caused the issues isn't easy and it won't happen overnight.

 

[Maurice Caine]

If it collapsed housing prices would go down. They did for a while but not much and not long. I don't think it ever collapsed enough. The housing bubble lost a little bit of air but that was it. Rent and housing prices are still extremely inflated. The US still has high numbers of unemployed and wages are stagnant and haven't kept up with the cost-of-living increases.

Everything being made overseas is part of the problem.

Wasn't that a thing because the US Govt bailed everyone out back in '08? And then we have the fucking Jews at Blackrock and their obscure schemes and suddenly you get the feeling it's the world out for you.

 

[Zbk3VmLfujjzjxBd43tL]

If it collapsed housing prices would go down. They did for a while but not much and not long. I don't think it ever collapsed enough. The housing bubble lost a little bit of air but that was it. Rent and housing prices are still extremely inflated. The US still has high numbers of unemployed and wages are stagnant and haven't kept up with the cost-of-living increases.

Everything being made overseas is part of the problem.

It's because of the QE the central bankers do. When interest rates are low, like they were in the 2010s, it makes property investments encouraging for everyone. Unfortunately, this means the big players like investment banks, firms like Blackrock, or Chinese billionaires will take the largest slice of that pie and drive the prices through the roof.

Right now, housing prices are going down because the interest rate rise and shit economy in general is making it harder to find buyers meaning it's less profitable for Blackrock to sit on houses. Interest rates are also making the bankers choose other assets to invest in so it's slowing down their purchase of land and homes which also drops the price. Unfortunately, it will take a while for things to really deflate and some markets like the West Coast and New York still have the Chinese investors parking their money there (hopefully Chairman Pooh makes them sell and donate the proceeds to the CCP).