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.
Screenshot_20220613-094905_Fritter.jpg

 
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Prinz Scheißenherz said:
My guess would be Today-Wednesday. The question is: How bad is it going to be? I roll for a crash that lies between 2008 and the 1930's in the worst-case scenario.
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It will be worst than both since we don't have a manufacturing base anymore that's America owned anymore and most of our farmland depends on fertilizer. The West including the USA is a service economy for luxuries. The USA itself is a service economy that transitioned to WFH, which depends on the tech sector completely. There is no bottom for luxury goods. At best China will keep our manufacturing base propped up as a low cost alternative to manufacturing on their mainland, the same with Mexico and Canada. The local/national government in the USA isn't going to invest in manufacturing despite large oil and natural gas reserves. The crash might as well happen by design because the opposite of the solution will be the policy of the national governments across the West.
 
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AbendCode12 said:
It will be worst than both since we don't have a manufacturing base anymore that's America owned anymore and most of our farmland depends on fertilizer. The West including the USA is a service economy for luxuries. The USA itself is a service economy that transitioned to WFH, which depends on the tech sector completely. There is no bottom for luxury goods. At best China will keep our manufacturing base propped up as a low cost alternative to manufacturing on their mainland, the same with Mexico and Canada. The local/national government in the USA isn't going to invest in manufacturing despite large oil and natural gas reserves. The crash might as well happen by design because the opposite of the solution will be the policy of the national governments across the West.
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So opportunity chance in making a manufacturing company? Who is joking congress will just OSHA you into oblivion.
 
Damn we’re headed for three straight -500 or more days on the dow. And my bloomer friends are wishing eachother luck on keeping their jobs in the economic crash. All kind of glossing over they called me a doomer schizo every time I’ve said it’s a time bomb the past few months.
Honestly though I don’t so much care that I’m “right”in this case.
 
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Socrates said:
It feels like somebody's plan is coming to it's crescendo soon. Who and why I could not tell you, but a streak of snake eyes for the west going on this long feels like we're playing with loaded dice.
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Nah. We've just been kicking the can for 40 years, and we're finally out of road. Can't print enough money or import enough Guatemalans to get out of this one.
 
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The Ugly One said:
Nah. We've just been kicking the can for 40 years, and we're finally out of road. Can't print enough money or import enough Guatemalans to get out of this one.
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If we manage to finesse our way out of this shit or at least keep it at the level of another 08 I will fully conclude economics isn’t just parlor tricks and tomfoolery it is communing and channeling the power of ancient dark gods.
 
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The Ugly One said:
Nah. We've just been kicking the can for 40 years, and we're finally out of road. Can't print enough money or import enough Guatemalans to get out of this one.
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It's beyond economics at this point. Suddenly all of our good friends in the middle east are real hard to get in touch with. The same OPEC that had production ramped up to the tits in a bid to destroy our domestic oil industry is suddenly shrugging, saying "sorry dude its just reallyyyy reallyyy hard to ramp up production, y'know?" China and Russia are suddenly making aggressive moves in our own backyard in SA. Iran decides to push Bidens buttons and shut off their nuke cams. It just feels like there's a concerted effort to put the squeeze on the American Empire now that they've seen it stumble. Somebody is calling in favors to make us hurt.
 
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Socrates said:
It's beyond economics at this point. Suddenly all of our good friends in the middle east are real hard to get in touch with. The same OPEC that had production ramped up to the tits in a bid to destroy our domestic oil industry is suddenly shrugging, saying "sorry dude its just reallyyyy reallyyy hard to ramp up production, y'know?" China and Russia are suddenly making aggressive moves in our own backyard in SA. Iran decides to push Bidens buttons and shut off their nuke cams. It just feels like there's a concerted effort to put the squeeze on the American Empire now that they've seen it stumble. Somebody is calling in favors to make us hurt.
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There is a limit to how much you can get from sterilizing the native population, putting them to work in offices tasks, driving home prices to the stratosphere, and shipping in barely-literate foreigners to do the menial work. Between that and turning the military into a women-led LGBTQ+ pride festival, seems like this is a rotten edifice just waiting for somebody to hit it just right.
 
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Socrates said:
It feels like somebody's plan is coming to it's crescendo soon. Who and why I could not tell you, but a streak of snake eyes for the west going on this long feels like we're playing with loaded dice.
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What is below economic depression? How about nation wide looting? Might as well read Confessions of an Economic Hit Man to found out what our future will be. I've only just read the wikipedia summary. We're being looted

en.wikipedia.org

Confessions of an Economic Hit Man - Wikipedia

en.wikipedia.org en.wikipedia.org

You know what this means. Time for DEREGULATION. Let's have the FREE MARKET save AMERICA.

The only rational way forward according to the CATO institute is further deprive american workers (as brown as they may be) to foreign market competition. Shipping, dredging, you name it.


Since 1920 the Jones Act has mandated that the sea transport of cargo between U.S. ports must be performed by vessels that are U.S.-built, U.S.-owned, U.S. flagged, and U.S.-crewed. Justified on national security grounds, the law was meant to ensure a strong maritime sector to bolster U.S. capabilities in times of war or national emergency. These envisioned benefits, however, have proved illusory while the Jones Act has imposed a very real and ongoing economic burden. Despite this, the law survives thanks to well‐connected supporters and ignorance of the Jones Act and its costs by the general public.

The Cato Institute aims to shake up this status quo by shining a spotlight on the Jones Act’s myriad negative impacts and exposing its alleged benefits as entirely hollow. By systematically laying bare the truth about this over 100 year old failed law, the Cato Institute Project on Jones Act Reform is meant to raise public awareness and lay the groundwork for its repeal or reform.
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The POTUS is a drooling, pants shitting, retard still thinks products stuck in ports are what is causing americans not to buy.


This problem is already old. The new problem is a sudden lack of demand by consumers (demand destruction) and overflowing warehouses with lawn chairs, "covid supplies" and smart tvs. Americans want fried chicken and eggs, they don't need another shitty chair or a TV that spies on them. That's what the market is saying.

Target expects squeezed profits from aggressive plan to get rid of unwanted inventory.
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CEO Brian Cornell said the big-box retailer wants to clear room for the merchandise including groceries and back-to-school supplies.
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Target shocked Wall Street on May 18 with a wide earnings miss for the fiscal first quarter, as it got hit by fuel and freight costs, higher levels of discounting, and a rotation away from items like TVs, small kitchen appliances and bicycles
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By taking swift action, Cornell said Target can fend off further pain and make room for merchandise that customers do want, such as groceries, beauty items, household essentials and seasonal categories like back-to-school supplies. He said the company’s stores and website are seeing strong traffic and “a very resilient customer,” but one who no longer shops popular Covid pandemic categories.
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another foot is about to fall on the neck of the american worker and that foot is brandon.
 
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I knew that the Fed would meet up on wednesday.
What I DIDN'T know was that the VIX options expire also this wednesday.
And the "triple witching hour" is this friday.

Remember March 2020 where the bear market "lasted for a month and went back up"?
Remember last year?

This is it. It's going to be so much worse.
 
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