Global Depression 2022 - Time to do the Breadline Boogaloo!

Who is going to get hit the hardest?

  • North America

  • South America

  • Asia

  • Europe

  • Australia

  • Africa

  • The Middle East

  • Everyone's fucked

  • Nothing will happen


Results are only viewable after voting.
Most of the people who golf aren't even remotely the 1%. They'reeither "independently wealthy" types who live just barely inside their means and golf for the status, people who golf for the networking, or retirees on a fixed income, who golf because they have the time and need to be out of the house. Chances are, the few customers left are those 1%ers, or people who just haven't realised how much their costs have risen yet.
This seems most logical. Our own grandparents are country club members that golf, and while they are well set thanks to my grandfather’s private attorney business of yesteryear, they certainly are not the 1% as most would describe it.

But yeah, it seems that the economy is probably impacting the average golfer as most live above normal means, but not enough to really justify it in the current state. The vast majority are probably there for business or because they used to have a bit of extra money. Now with supply shortages, worker shortages, and mass inflation, most of those who made more are left to tend to more important matters. I think my brother just has a skewed view as he gets lucky to get heads of businesses like RC cola, according to him, or politicians connected to Pence or something. In reality, most caddies just take on old people or those on business, so now there is way less to help.

IDK, he is hoping it picks back up, but I have my doubts. His friends are probably smart in saying that they should get a real job over the summer if they want pay.
 
This seems like an appropriate thread to post this, more doomer predictions.
What is most interesting to me is the participants, I'm not a super fan of either but Jimmy Dore is a left leaning, anti-corporate person and Peter Schiff is the other side of the spectrum - right leaning, free market investor type. Strange times we live in where polar opposites can come together and have a civil discussion. Or maybe reasonable people are still out there and I'm just too used to seeing screeching retards on MSM.
 
I really don't understand it, we've advanced in science to the point we can predict the nutrients in the soil and the harvest... Only to ignore it completely and go into preventable famine by raping the soil.
The majority of the issue lies with the distrbution (rewholesalers) and the consumer. Autism below because I do this type of consulting for a living.

Here are the major issues:
  • Aquifer depletion (Tragedy of the Commons)
  • Pesticide use*
  • Anything not grade A tier being worth shit due to USDA and consumer perception that everything needs to look good
  • Globalism and exchange introducing exotic diseases, ex: Thousand Cankers Disease (Walnuts), Citrus Greening/HLB (Citrus), Pierce's Disease (Grapes.), Olive Quick Decline (Olives, disease from USA), Chestnut blight (American Chestnut), Cotton root rot (Literally everything, native to South USA), White flies (Tomato), Southern Leaf Corn Blight (Native to USA)
  • Purchaser demand for high yield removing resistance genes (Corn is great example, grapes as well)
  • Food waste at restaurants/personal use. I never throw food out unless there's mold. My roommate tosses stuff daily because "Eh, it probably isn't so good anymore", see: Sell by/use by/ expiration dates versus actual usability of product
  • Some subsidies promoting certain crops (High fructose Corn syrup and soybean ethanol come to mind)
  • Nutrients leaching out of ground (nitrogen)/not being held inaccessible (Iron in TX/LA)
  • Planting shit where it probably doesn't do well (Citrus, peaches in TX great example)
  • Short planting seasons requiring constant pesticide use or no crop (Great plains states, I don't know enough to say this is 100% true)
  • REEE NO GMO retardation**
  • "Organic"***
  • Upstart costs for farms and the acreage required to break even.
*Pesticide use is an attempt to remedy disease issues, but not as "overused" but "immediately necessary" due to plant breeding knocking out resistance to diseases

**By that I mean opposing GMOs even when they are safe and efficient and is only adding genes from the same species or those that can already interbreed.

***Disease pressure to high to grow organically where I live. Fucking fungus gonna grab everything then.
 
The majority of the issue lies with the distrbution (rewholesalers) and the consumer. Autism below because I do this type of consulting for a living.
The one potential saving grace is, thanks to the green revolution, we're already growing far more food on the same or less land than was used a century ago, which means that there could be something of a buffer if the use of fertilisers and pesticides has to be curtailed. In an ideal world, the response would be to research pest-resistant crops that have similar yields to what we have now, but I am almost certain that the actual response will be some variation of "get in the pod and starve, peasant!"
 
The one potential saving grace is, thanks to the green revolution, we're already growing far more food on the same or less land than was used a century ago, which means that there could be something of a buffer if the use of fertilisers and pesticides has to be curtailed. In an ideal world, the response would be to research pest-resistant crops that have similar yields to what we have now, but I am almost certain that the actual response will be some variation of "get in the pod and starve, peasant!"
I heavily, heavily disagree with you. The green revolution relies on hybrids which were back crossed to gain tonnage over disease/weather resistance, or in some cases the disease evolves fast enough since it isn't single-gene resistance it is an ongoing issues (See: Pecan scab).

For example, older cultivars of high yielding corn was originally based off TMS (Texas, Male Sterile) line which had a cytoplasmic mutation which made it extremely weak to an otherwise rare strain of Cochliobolus heterostrophus.
Irrigation in the USA is about to get absolutely fucked when they run out of groundwater. CA and the great plains states especially. Also because apparently climatologists figured out the weather cycle of the west coast is 120 years of decreasing/increasing precipitation (we're right before the apex of the decreasing cycle).

As for the people pushing NO-GMO/organic,
In the words of Norman Borlaug:
Some of the environmental lobbyists of the Western nations are the salt of the earth, but many of them are elitists. They’ve never experienced the physical sensation of hunger. They do their lobbying from comfortable office suites in Washington or Brussels. If they lived just one month amid the misery of the developing world, as I have for fifty years, they’d be crying out for tractors and fertilizer and irrigation canals and be outraged that fashionable elitists back home were trying to deny them these things.
Some no-GMO people do have sound reasoning but paint it as a black and white issue. Who the fuck puts lettuce genes into corn to induce heat tolerance and not test it before releasing it is a fucking retard.

If the price of liberty is eternal vigilance, then the price of mechanized agriculture is as well. Part of the reason why USDA-APHIS is so strict on quarantine is that since we use only a few select cultivars for crops it only takes one virulent pathogen to fuck over the entire crop. Many crop diseases have no cure, only tolerance or delayed death (Pierces disease, Citrus greening, Coffee Rust come to mind).

Case in point of sleeping on the job, thousand cankers for walnuts is native to Arizona (Juglans macrocarpa), some dumb ass tried to plant black walnut in Colorado (J. nigra becomes disjunct in that case as its domain ends around I-35, replaced by J. microcarpa), and then some other ignorant person brought infected wood back to that native region of J. nigra and now it is spreading rapidly in Virginia, Ohio, Minnesota, and South Carolina(?).
Edit: Bird/insect tolerance doesn't really exist for fruit/nuts. Maybe for wheat, thank god US native locusts are almost extinct.
 
This seems like an appropriate thread to post this, more doomer predictions.
What is most interesting to me is the participants, I'm not a super fan of either but Jimmy Dore is a left leaning, anti-corporate person and Peter Schiff is the other side of the spectrum - right leaning, free market investor type. Strange times we live in where polar opposites can come together and have a civil discussion. Or maybe reasonable people are still out there and I'm just too used to seeing screeching retards on MSM.
I have to say, it was extremely refreshing for me too to see two people from somewhat opposite sides of the spectrum having a lively conversation without trying eat each other alive. Hats off to both of them for their decorum and I'd love to see more of this in the future.
 
Russia may be bringing about a far more serious situation than the war and its obvious problems. The rise in energy and food costs at this unique time rate the possibility of Stagflation to become a coin flip.

Stagflation back in the 70s was bad, but in todays global economy, this means China would experience a slow down of their goods being produced and shipped. This has serious consequences globally because of what could happen in China if such a slow down was to happen. Firstly the country has immense debt that is reliant on growth to counter the debt burden, and without it, we could see a financial situation explode in China that has very serious consequences.

I'd expect China to make a case for war to detract from the problems of the economy in China if Stagflation hits; and that brings Taiwan into play and the SCS. Also, we will see a great number of countries default on their debt which could plunge a significant portion of there globe into suppressed growth and reverse decades of gradual improvement.

I think 2022 through to 2025 are going to be some of the most significant and interesting years in world history as we see choices, consequences and "save our won skin" mentality creep in.
 
Food waste at restaurants/personal use. I never throw food out unless there's mold. My roommate tosses stuff daily because "Eh, it probably isn't so good anymore", see: Sell by/use by/ expiration dates versus actual usability of product
For personal use, I just use vegetable or fruit waste either for compost, mealworms, or occasionally my chickens might eat it depending on what it is. Mealworms is actually literally something apartment dwellers could do. Lots of animals love mealworms and after your startup costs, all they eat is fruit and veg trash and people will pay you for them to feed to their pets/livestock. Just need a three drawer setup, some substrate, worms, and let the games begin.

I've never understood people that just throw food away based on best by dates. Sell buy dates for seafood are fairly accurate, less so for other meats and produce. You just look at it, smell, and taste it. If it is inedible, you'll know real quick. Otherwise, chow down.

Restaurants are forced to waste an insane amount of food due to health regs and/or poor planning. I remember when I worked at Pizza Hut in high school and pizzas had to be tossed after 30 minutes. Like, bitch, there is literally nothing wrong with it, particularly if it was kept at temp, but in the trash it had to go.
 
[...]

I'd expect China to make a case for war to detract from the problems of the economy in China if Stagflation hits; and that brings Taiwan into play and the SCS. Also, we will see a great number of countries default on their debt which could plunge a significant portion of there globe into suppressed growth and reverse decades of gradual improvement.

I think 2022 through to 2025 are going to be some of the most significant and interesting years in world history as we see choices, consequences and "save our won skin" mentality creep in.

China has been gearing up for conflict by 2030, and I've shared with friends and family that I fully expect a war to break out in SEA by then, as China faces multiple problems: demographic, as Chinese are living to be older and richer, which drains resources, and an excess of men in their prime; internal corruption; party slowly loosing soft power; China becoming too reliant on raw imports to sustain it's economy; regional party offices running out of land and avenues for local economic growth, and more I'm sure. A war of expansion solves many of these problems: new labour in conquered territories, an enemy to distract from party corruption and power politics, securing shipping lanes for imports, etc.
 
I think 2022 through to 2025 are going to be some of the most significant and interesting years in world history as we see choices, consequences and "save our won skin" mentality creep in.
In world history no. In recent history for the major powers sure, for the first time since the Cold War ended the major nations are suffering severe consequences for their actions. The US got wholloped by 9/11 for sure but this was really a one off unicorn level event when it comes to terrorism, for the most part the US has been very much immune to larger events on the global stage. 2008's melt down was merely economic and those come from time to time. For the first time since maybe as far back as the 1970s or even the 1930s the US is going to be facing ecological and economic disasters simultaneously. The fertilizer crisis is one of the most dangerous things any country could deal with and it being paired with heavy inflation and runaway energy costs makes for a witches brew of factors that could lead to civil strife, I would state that the mass shootings are a byproduct of said factors, the covid lock downs have made a generation of youths largely unhinged due to minimal social interaction grounding them in reality.
 

The situation is totally FUBAR. This has got to be at least the 4th or 5th time inflation was supposed to peak and instead accelerated. I cannot see how GDP won't be negative for Q2 with inflation continuing to accelerate while the jobs market begins to sputter. The recession has already started.
 
FU2gSInWIBUrbrj.jpgScreenshot_20220610-092026_DuckDuckGo.jpg

ZeroHedge says "only a recession can save us now".

Don't even look at the stocks or your 401(k).
 
U.S. consumer sentiment plunges to record low in June, UMich survey
Last Updated: June 10, 2022 at 10:32 a.m. ET
First Published: June 10, 2022 at 10:07 a.m. ET
By Greg RobbFollow



The numbers: The University of Michigan’s gauge of consumer sentiment fell sharply to a record low reading of 50.2, down from a May reading of 58.4. Economists polled by the Wall Street Journal had expected an June reading of 59.

The level is comparable to the low point reached in the middle of the 1980 recession, U Mich said.

Americans’ expectations for overall inflation over the next year rose to 5.4% in June from 3.3% in May, while expectations for inflation over the next 5 years jumped to 3.3% from 3% in the prior month.

That’s the highest level since 2008, according to Kathy Jones, strategist at Charles Schwab.

Key details: According to the UMich report, a gauge of consumers’ views on current conditions tumbled to 55.4 in June from 63.3 in the prior month, while a barometer of their expectations fell to 46.8 from 55.2.

Big picture: Higher gasoline prices and overall inflation is weighing on sentiment. The share of consumers citing inflation as the biggest reason for their negative outlooks was the highest since 1981, said economists at Contingent Macro.

What are they saying: “Grim, but spending and sentiment have diverged,” said Ian Shepherdson, chief economist at Pantheon Macroeconomics. “Sentiment matters to politicians, but spending matters to the economy.”

Market reaction: U.S. stocks DJIA SPX were trading sharply lower on Friday after a sharp rise in consumer prices in May.

article

What are they saying: “Grim, but spending and sentiment have diverged,” said Ian Shepherdson, chief economist at Pantheon Macroeconomics. “Sentiment matters to politicians, but spending matters to the economy.”
I am absolutely incandescent right now. I swear to god I'm gonna grab one of these pencil necked motherfuckers and [PASSAGE REDACTED] and there won't be a single undecorated lamp post in all of New York City after I'm done. MUH SPENDING IS UP SENTIMENT DOESN'T MATTER BRO BUY THE DIP TRUST ME WE'RE BUILDING BACK BETTER. I hope all mainstream economists kill themselves.
 
In world history no. In recent history for the major powers sure, for the first time since the Cold War ended the major nations are suffering severe consequences for their actions. The US got wholloped by 9/11 for sure but this was really a one off unicorn level event when it comes to terrorism, for the most part the US has been very much immune to larger events on the global stage. 2008's melt down was merely economic and those come from time to time. For the first time since maybe as far back as the 1970s or even the 1930s the US is going to be facing ecological and economic disasters simultaneously. The fertilizer crisis is one of the most dangerous things any country could deal with and it being paired with heavy inflation and runaway energy costs makes for a witches brew of factors that could lead to civil strife, I would state that the mass shootings are a byproduct of said factors, the covid lock downs have made a generation of youths largely unhinged due to minimal social interaction grounding them in reality.
While some look at major events as the things to remember I am interested in the events that set in motion irreversible consequences that result in the major events. Example; ww2 was a major event but the events preceding it to me are more interesting because a war was assured as a consequence of earlier events.

So I see 2022 to 2025 cementing events that will happen in 2025-2035 that will at the time be seen as a consequence of what we are doing today.
 
This seems like an appropriate thread to post this, more doomer predictions.
What is most interesting to me is the participants, I'm not a super fan of either but Jimmy Dore is a left leaning, anti-corporate person and Peter Schiff is the other side of the spectrum - right leaning, free market investor type. Strange times we live in where polar opposites can come together and have a civil discussion. Or maybe reasonable people are still out there and I'm just too used to seeing screeching retards on MSM.

They are both truth and reality enjoyers, so in that way, they are not polar opposites at all.

That's the modern divide as I see it. Those who think they can live strictly by radical ideals, and those who know that reality exists and try to make decisions based on the hard truths of our existence.
 
SpongeBob_SquarePants_Theme_Song_(1999)_01.png

Are you ready, kids?
Aye, aye, Captain!
I can't hear you!
Aye, aye, Captain!
Oooooooooooh!

Who lives in a dreamland where inflation is still transitory?
JAY H POWELL!
Delusional and impotent and useless is he
JAY H POWELL!
If financial insolvency be something you wish
JAY H POWELL!
The hop on robinhood and buy up the dip!
JAY H POWELL!

JAY H POWELL!
JAY H POWELL!
JAY H POWELL!
JAY H POWELLLLLL!

*Flute riff followed by the sounds of Painty the Pirate laughing hysterically until it turns into uncontrollable sobbing*
 
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