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.
Things are gonna be fun in the near future. Much more funner than they are now.
Interrupted supply chains finally let the inflation through, after being kinda hidden underneath outsourcing everything to third world countries. China facing recession will really fuck things up.
Demographics are shot. High dependency ratio, low fertility. Immigration mostly coming from places that bring no benefit.
Impending energy crisis, and increasing Green influence making said energy crisis worse.
Uke-war disrupting food chains, lack of fertilizer, lack of Ukrainian grain.
Particularly Germany has simply been shutting its eyes the past decades and coasted on its wealth. That's over now, and we're gonna pay a hefty price for that this winter. The rest of the EU is likely going to be dragged down.

Can't say I'm happy with this situation.
I want to leave, but where to go? Shit will hit the fan pretty much globally, so really, the only choice for the coming austere life is the scenery.
Honestly Bulgaria it has flat income tax of 10% outside of Sofia and the coast there is cheap argiculture land they export food . You can easily set yourself up in the mountains with hydro and solar, you can build cheap hut from cob and natural materials plus rocket heater and enjoy your life with some animals and locals . They are used been through it before so there won't be chaos like in yhe west for the first time in generations they have to face austerity worse they don't have functional community and relationships that can help them to coast it outside of the immigrant communities the other option is converting to islam and switching from alcohol to weed and incorporating into the immigrant communities for survival .
 
The rest of the EU is likely going to be dragged down.
In terms of food, one of the great ironies of this whole situation is that the EU, as a whole, could easily produce far more food than it currently does, if not for the fact that the common agricultural policy has spent the last 30 years dialling back agricultural production across the union, ostensibly to reduce production surpluses, but unofficially in order to give French agriculture a captive food market. Subsidies for non-production have kept food prices at close to the level they would be if the EU was producing at its full capacity. The subsidised land isn't non-productive; it's used for industrial crops, things like flax and hemp, letting a bunch of huge agribusinesses double-dip by claiming subsidies and then profiting from the land anyway. Some of us saw this coming a long time ago, but the media dismissed the predictions as the words of racist, right-wing loonies, even though the criticism was about the conjoining of the interests of multinational corporations and supranational government against the common man, which isn't a particularly right-wing position.

The EU itself saw this coming a few years back, when it started quietly negotiating to switch the CAP from surplus management to productive subsidy. The negotiations stalled out pretty fast; the French don't want to lose their captive market, the agricorps don't want to lose their subsidies, nor do the smaller farmers who have benefited from the system. The whole thing is a shitshow, maintained largely by the fact that the EU is so hidebound by its structural requirement to solve every problem with enormously complicated, one-size-fits-all solutions that only ever cause more problems.
 
In terms of food, one of the great ironies of this whole situation is that the EU, as a whole, could easily produce far more food than it currently does, if not for the fact that the common agricultural policy has spent the last 30 years dialling back agricultural production across the union, ostensibly to reduce production surpluses, but unofficially in order to give French agriculture a captive food market. Subsidies for non-production have kept food prices at close to the level they would be if the EU was producing at its full capacity. The subsidised land isn't non-productive; it's used for industrial crops, things like flax and hemp, letting a bunch of huge agribusinesses double-dip by claiming subsidies and then profiting from the land anyway. Some of us saw this coming a long time ago, but the media dismissed the predictions as the words of racist, right-wing loonies, even though the criticism was about the conjoining of the interests of multinational corporations and supranational government against the common man, which isn't a particularly right-wing position.

The EU itself saw this coming a few years back, when it started quietly negotiating to switch the CAP from surplus management to productive subsidy. The negotiations stalled out pretty fast; the French don't want to lose their captive market, the agricorps don't want to lose their subsidies, nor do the smaller farmers who have benefited from the system. The whole thing is a shitshow, maintained largely by the fact that the EU is so hidebound by its structural requirement to solve every problem with enormously complicated, one-size-fits-all solutions that only ever cause more problems.
Oh yeah, the whole regulation thingy where certain fields need to be barren. It's gonna be fun when we run out of food during winter. Just in time when we're running out of natural gas. And electricity. Gonna be even better when the German grid becomes so unstable it either has to be decoupled from the european grid, or everyone else has to work extra hard to keep shit running, or, my preferred option, the entire european grid gets buggered for a few days.
 
A currency change won't fix anything because the government has a permanent, standing obligation to shift a precomputed share of economic resources to people over age 65 and people under a certain income level + interest on the debt. Those groups combined make up the majority of voters. This share is trending toward to exceed the amount of revenue the government is able to obtain via taxation. It turns out that when you tell women to sterilize themselves and head to the office so we can grow GDP, there aren't as many young people to tax so that the olds get paid. Nothing really works out economically when you don't have kids, which is why they're so obsessed with keeping immigration up now.

Legally, Social Security has to be reformed once the Ponzi math collapses. It's already in deficit, with revenues being less than payouts, and we're about 13 years away from insolvency, at which point there will be a legally mandated 22% benefit cut across the board. If you think olds, each cohort of which saves even less than the previous one (because our monetary policy is based on the premise that saving is bad) will allow that, lmao, just lmao.
the correct option is to tell both to die, but the humane option is to let them suffer.
Yeah, 4.65 for gas means I'm not going to go anywhere for memorial day. I'll just cook burgers at home. (Though lord help you at how high ground beef prices have shot up.)

The amazing thing is that the minimum wage is still 7.25 an hour. We're quickly approaching the point where 1 gallon of gas will be more expensive than an hours work in certain areas. (Yes, some states already have $15 on the books, but a LOT of people are still going to be fucked.)

Add in food/electricity shortages and we're going to see some serious shit pop off. Bets are off when people start starving and know security cameras aren't working due to no power.
the problem is any chance at raising it is squashed because boomers and kiwifarms and the ethan ralph brigade whines when you mention needing to raise it.

our economic problems needed to be addressed in the 1960s not now. say what you will about the 1964 gop candidate, he was right about it being too expensive to keep up the gimmies. our fate was sealed when the dems stole the 1960 election. most of gov spending is on medical or tugboat bullshit which you literally can't cut.
 
Petrol and diesel just hit their highest prices ever where i am. Kersone for home heating has been creeping up slowly despite it being the summer and is more than twice the price it was a couple of years ago.

Food prices on certain things have gone up a bit but more worryingly certain stuff is just missing from shelves and has been for months now.
 
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Here come the layoffs. Good thing the economy is the strongest it’s ever been.
 

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The price of an hour's work isn't set by minimum wage. That's a price floor; it doesn't mean you can actually hire anybody at that rate. All the fast food places near me start at $12.
the problem is the price floor also has been at about $12 throughout the nation for awhile, something like only 10% of jobs pay less than $12 an hour, or did back in 2011 when i first pulled that info.

thats the thing, businesses aren't raising wages. almost no one is offering more than 20% of minimum wage, even in journey trades bullshit or salesmen or warehouse work. even if they do thats factoring in a signing bonus and just over.
I delivered Pizza during COVID and bought a house
>This kiwifarmer made $400k delivering pizza, his friends hate him! find out why

you aren't living that down by the way. that boomer quote will follow you on here forever.
Tech yuppies aren't going to move to rural Virginia. I live in suburban Wisconsin which isn't even rural for fucks sake. We have micro pubs and coffee shops and the Cali transplants still act like it's Fallout New Vegas's Goodsprings or something.

They'd fucking starve and die in the country.
you'd be surprised, the silver line basically finished its extension and all those new homes in upper loudon are basically finished now. leesburg went from having a pop of less than 2k in the 1950s to having roughly a 100k population. you'd be surprised how built up the area's gotten, the tax burden is negligible but there are a few people biting the bullet and just living in WV rather than in loudon county.
That's right they're moving to Tennessee. They've built up the area a ton within the last few years.
that was the last stronghold for gop votes by numerical superiority in the 2016 election, makes sense for it to be inseminated next, most people in country music have been hardcore anti-white since the 90s, people love nashville and knoxville but they'll soon find out why those places were so comfortable to live in.
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.
just because we aren't living in mad max doesn't mean shit isn't much worse than it was in 2007. we all remember the bush years, you could fill up your gas tank or buy a months worth of groceries with $20, college was still cheap enough that if you really bothered to you could afford it while working a full time job, you could afford a 1 bedroom apartment as long as you worked full time fucking anywhere. i know you're retarded enough to believe all of that is true as of 2022 but most people with brains knows none of that is possible now.
There is plenty of oil right now, and there will continue to be plenty of oil in the future; but what happens when plenty of oil just wont cut it? I don't agree with everything he says in the interview, but his broad points I find interesting, and believe they hold some truth. As oil production continues to diminish demand for oil is staying relatively steady( if not increasing) this can continue for an indeterminate amount of time, essentially as long as reserves can be funneled into supplies to keep up the illusion of a strong energy base; once this illusion is dispelled all bets are off.

Our society is built upon cheap plentiful energy, and for it to continue to grow this cheap energy needs to flow. Political and social factors undoubtedly have contributed to the recent decline in energy production (covid policies etc), however there is no paucity of evidence to point towards a decline in energy production pre pandemic. Dismissing this issue out of hand purely as a result of pandemic policies and nations banning oil production in oil rich areas is in part how we've come to this point; what I mean by this is that the prediction of "peak oil" has been bandied about for decades, and the consistent, and thus far dubiously correct retort of "we will find oil/energy elsewhere" has perhaps lulled us into a state of complacency. The ROI for energy will only continue to decline as long as we are dependent on fossil fuels, green energy is superfluous at best if not out right a net negative, and nuclear needs to clear the hurdle of public opinion(something tells me the AC going off in mid August might change some peoples minds) before plants that will take years to complete can even start producing energy.

Peak oil like many gradual phenomena is often thought of as occurring at some set point, and perhaps we will look back once it has finally occured and fix a date, but in reality it will be a slow grind that will see prices climb until they simply become unsustainable. The rise in gas prices over the years is not simply a result of monetary inflation but a severe spike in the amount of energy required to generate even more energy.

Perhaps we have another decade of relatively cheap energy ahead of us, perhaps not, either way the problem of diminishing energy production stands naked for all who chose to see it.

Things will always just work out, right?
i agree with what you're saying but as we've seen political fuckery will cause an "imaginary" peak oil a lot sooner than a real peak oil could ever be reached. 2 years ago gas was on average $2, if biden and the feds didn't fuck things but did the right moves it could still be $2, even a decade from now when $2=2 cents they could still get it that low. its just that they'd have to let some of that red tape go, the regulations there to make sure a jew gets to bath in child blood before we get to install more oil pumps might have to go.

but peak oil was never real because once we run out of oil we can profit from at a $2 price point, we'd have more we can profit from at the $3 and $4 and $5 point. peak oil is as real as a beautiful woman reaching peak fuckability, its more about their own personal choices than having an inability to find someone willing to fuck. if it weren't for politics we'd have til the 2090s before $200 a barrel gas would happen. instead it will be our christmas present.
Hmmm, if only we had an energy source that is near infinite, is extremely safe and one that we only scratched the surface of what it can do before shutting it down because of propoganda based on shoddy Russian engineering.
this is a great point, they're doing to gas what they did with nuclear power during the cold war era.
Bear market rally.

Everyone bought insurance for the crash (put options) so when it didn't instantly materialize, a short squeeze commenced. Many such cases.



Shouldn't you be coloring right now?
its a casey at the bat situation, the most logical outcome that all the money is on fails and the dog wins because the universe can't let too many people win easy money.
That's the gimmick, but all those "dollar stores" have tons of stuff priced higher anyway. It's always been a pet peeve of mine. But generally speaking they sell garbage-tier, shitty versions of an assortment of grocery and pantry-related goods, along with common household stuff like facial and toilet paper, paper towels and plates, shampoos, soaps, trash bags, usually school supplies, etc. Yes, there are some legitimately good deals here and there, but most of it is (ironically) overpriced trash. Even so-called "store brands" are generally higher quality.

And practically none of it is actually priced at $1 anymore. Even back when the concept was fairly new and there were stores literally named "Everything's a Dollar!" or had giant signs in their windows advertising that claim, you could still easily find random crap in any of them priced well over a dollar.

If our fucking government had any competence whatsoever (then or now) the FTC would have cracked down on that kind of misleading advertising and nipped it in the bud. But nobody goes after retail stores anymore for their lying ads.
that wouldn't have worked anyway, we'd just get 5 below type companies much quicker, its like how we went from 5 and dime to dollar stores. FTC crackdown would have just meant we'd be seeing "10 and under" stores in ghettos now, owned by the same mega corps that own dollar store and in the same location with the same employees.
I guess with inflation more stores might become like Five Below, which sets their cheap threshold at $5... so slightly nicer trash?
its not just nicer trash but because of the increase in threshold they bundle a lot of crap you usually see at the dollar store, its like an orgasm for poor kids seeing that instead of one dollar tree candy bar they can get a box of them, or if we're being more honest a pound of various candy.

i've always wanted to do a pop-up irony bro-esque parody of the concept using stuff priced at $100 instead, imagine buying a box of truffles or a pair of lower quality shoes/headphones or a high quality t shirt, pants, or hoodie. of course we'd have to have huge security willing to kill any shoplifter but still.
All this will do is make a bunch of middle man shippers a lot of money and drive the overall price up, they will still buy the oil because they need it.

I honestly struggle to get my head around this. Are the euros maliciously trying to destroy their own continent or are they just that stupid? If you look at their education none of them have economic, engineering etc degree or any technical education. I think one of the German ministers has a degree in literature or something. Explains why they don't seem to grasp the most basic of economic concepts. Maybe they are just that incompetent and stupid. God help us all.
like women they won't ever face consequences for their actions so it doesn't matter, its like playing sim city. who cares if you destroy your city, you can just make a new one.
And the USA got overtaken by juden.

I like looking into historical anecdotes and catastrophes. How much stronger communities were, how better behaved nigs were, and how more moral a society it was.

The immigration and judes destroyed Lovecraft's America.

Not saying the rest of the world haven't gone downhill in that regard, but in the west and US it is most notable.
both groups were only allowed in because the GOP needed to free the niggers. there's a lot of odd anti-jew talk that gets shut the fuck down in the later 1800s because of their actions during the war. the fact that a sitting us president shittalking confederate-aiding citizens years after the war and being forced to apologize doesn't get talked about is weird.

a fuck load of people also noted how the chosen people always managed to avoid even getting their number pulled in the draft, really made people think until the GOP always forced them to shut it down.
 
It's telling that so many work places are now starting hiring freezes and even layoffs. Most places have figured out we are already in a recession and that the July numbers are just going to report the obvious.

The tech industry is about to get fucked hard. Tons of people making 100-200k+ are going to find themselves out of a job when their zombie company has to clamp down on costs. Look for even more outsourcing to India. The era of tech bros making 6 figures may be finally over.

I'm so fucking thankful my job has godtier security thanks to so much being dependent on me and what I know. So many people are looking at a hurricane brewing and don't even know it.
 
Interesting thing to note in here from a personal story. So, my brother works as a caddy at a golf club over the summer to make money (he’s in high school), and apparently the job isn’t going so well. There seems to be more caddies than customers, to the point where his boss is emailing people to not come in. This is unheard of according to him. There seems to be no reason as to why this is occurring, especially on weekends when the numbers should be high.

I suggested the poor economy, but got told no by my family as rich people don’t struggle especially with gas. I personally feel this sentiment is wrong, with all the supply and workers shortages, plus rising prices, some of those “1%” probably are not in a place to be leisurely golfing in my area roughly an hour away from Chicago. I cannot say for sure though, so I thought I would ask here if it is a likely reason, or if it is some weird coincidence and people on vacation like theorized at the dinner table.
i'd say you're right, your family doesn't understand that rich might not mean successful, something like a majority of people under 50 making over 250k are living paycheck to paycheck, so something like driving to the golf club to spend at least $100 on beer with the bros isn't going to happen, most people will think "but how" but unlike the coon, the rich factor their savings into their budget, so their cashflow might be less overall. obviously they could feast like kings by not maxing out their 401k but they plan to retire at 70 with 90m goddamit and they'd rather sit at home with their IPAs now than risk affecting that.

i'll admit the job listings for summer jobs was surprisingly big in april/may around here, i bet a fuck load of places such as your club really went all in on this being the first "real" summer since covid so people would be hanging out all over. they probably overhired.
@Kramer on the phone I had to stay employed at something to stay eligible for a mortgage. It's not like the pizza gig was my primary job. But at the height of COVID that was all that was hiring. It was for the W2, but think what you will. It did pay big money though with everyone cooped up.
so you're not going to argue me saying you made 400k a year delivering pizza? fuck any women too?
 
i'd say you're right, your family doesn't understand that rich might not mean successful, something like a majority of people under 50 making over 250k are living paycheck to paycheck, so something like driving to the golf club to spend at least $100 on beer with the bros isn't going to happen, most people will think "but how" but unlike the coon, the rich factor their savings into their budget, so their cashflow might be less overall. obviously they could feast like kings by not maxing out their 401k but they plan to retire at 70 with 90m goddamit and they'd rather sit at home with their IPAs now than risk affecting that.

i'll admit the job listings for summer jobs was surprisingly big in april/may around here, i bet a fuck load of places such as your club really went all in on this being the first "real" summer since covid so people would be hanging out all over. they probably overhired.

so you're not going to argue me saying you made 400k a year delivering pizza? fuck any women too?
Of course I didn't make 400k a year delivering pizza lol
 
thats the thing, businesses aren't raising wages. almost no one is offering more than 20% of minimum wage, even in journey trades bullshit or salesmen or warehouse work. even if they do thats factoring in a signing bonus and just over


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Helps make your argument when you get the facts right. $12/hr for fast food here is up from $10 a couple years ago. That said, working fast food isn't something you will ever be able to do to save up for your first house, because grease-soaked potatoes just aren't that valuable.

The reason that worker gains haven't overall risen with productivity is that the Fed has been pumping wealth into the pockets of the investor class as fast as it can to keep nominal macroeconomic numbers going up. You can't fix that with minimum wage law. You fix the problems caused by printing money and handing it to Goldman Sachs by not doing that anymore.
 
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One more anecdotal story of "shits getting real bad" to add to the pile

A friend works in a major European retail chain and they are having to change sticker prices on almost all products every day because of runaway inflation. This has never happened before for them. We are getting towards Zimbabwe levels of fucked up prices lol
 
One more anecdotal story of "shits getting real bad" to add to the pile

A friend works in a major European retail chain and they are having to change sticker prices on almost all products every day because of runaway inflation. This has never happened before for them. We are getting towards Zimbabwe levels of fucked up prices lol
It hasn't gotten that bad in the US yet, but it is interesting watch prices rise. I bought a 50lb bag of chicken feed. Usually this lasts me about two or so months. Last time I bought it, it was 18.99. This time 24.99. Neither were sales prices, just what it cost.
 
One more anecdotal story of "shits getting real bad" to add to the pile

A friend works in a major European retail chain and they are having to change sticker prices on almost all products every day because of runaway inflation. This has never happened before for them. We are getting towards Zimbabwe levels of fucked up prices lol
He's not fucking around about the prices. It changes every day. Shit I need for work like fittings and fasteners are costing anywhere from 3-6x more than normal. I had to start shopping at the dollar store for food. Gas is $7/Gal (USD, converted). Haven't been able to afford meat more than once or twice a week. Skipping lunch to save money every day. Still come out at the end of the month empty handed.

We had a few months where jobs exploded and you could get a position doing pretty much anything you wanted because everyone was desperate. Now companies are hemorrhaging money and can't support it anymore. Local small businesses are pretty much wiped out here, leaving only the specialty small businesses running.

The cost of housing has risen to the point that even the suburbs and bedroom communities aren't affordable to someone with a healthy wage. Emergency services are becoming less available, petty crime is often ignored, there is visibly more poverty and more people begging for money on the streets. New products based on starches and rice are appearing on shelves to help cover up how many products are missing. I watch more and more people turn to substance abuse and escapism in an attempt for some relief.

Sorry for making the thread my diary but I just wanted to get it out.
 
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