- Joined
- Aug 28, 2019
Global Depression 2022 - Time to do the Breadline Boogaloo!
- Thread starter contradiction of terns
- Start date
- Joined
- Nov 15, 2021
It's worth remembering that Chinese leaders bought into the idea that you don't need children to have a future 10x harder than the West did.
- Joined
- Nov 29, 2020
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- Joined
- Mar 4, 2019
There's a certain level of historical illiteracy involved in the breathless reporting about current interest rates. The last 15 years have been a massive outlier, compared to the historical norm. Interest reached nearly 15% in 1990 (14.88%, in fact, because clown world works backwards as well as forwards) and were stuck somewhere between 4% and 6% for most of the 90s and 2000s. UK interest rates spent most of their time north of 12% in the 80s, when the economy was booming. Near-zero interest rates over the last decade are an artificially maintained condition by governments and central banks, in an attempt to juice up the property market and simulate the appearance of economic growth. Much of the world has a similar interest rate progression over the same period, for the the same reasons.
Pointing to what is effectively a return to the norm and calling it strange is, to be frank, stupid.
Second Sun
kiwifarms.net
- Joined
- Jul 12, 2021
The rates themselves are lower, but the amount of leverage is significantly higher that it used to be. It's like boomers saying they put themselves through college - both the cost and amount earned don't equate to what's happening today.
Ultimately, it's immigration that has stolen our future. Everything stems from that.
- Joined
- Jul 18, 2017
China is reporting deflation. .3% in July, 4.4% on the year.
- Joined
- Jan 25, 2020
CNBC gets CCP bux, they shill for socialism, CCP and keep their watchers distract news from China with drumpf new cycle.
MSM in United States is owned partially by CCP just like sports like NBA, Hollywood and gaming sphere, you name it.
- Joined
- Jul 3, 2021
Who’s calling it strange? It’s not strange, it’s a disaster. Even if something is cyclical, it’s still bad and hurts people.
Keynesian economics is gay. 0% interest rates and high growth forever is way cooler and better for everyone.
- Joined
- Jul 1, 2017
The business cycle is cooked into all economic models, and there's no getting around it besides inventing something impossible like a perpetual motion machine or a functioning communist economy.
Honka Honka Burning Love
In Clown World, the only god is the one who Honks.
True & Honest Fan
kiwifarms.net
- Joined
- Aug 29, 2019
The Problem is that if you wanted to gather together a list of "More Corrupt Fuckers than the US" I think the BRICS might actually be the 5 best candidates you could pick. Do you really Trust Russia and China to REALLY keep enough Gold on Hand to be the World's Reserve Currency and not cook to books?
- Joined
- Jan 15, 2019
Well no, but we don't have that right now either.
- Joined
- Jun 2, 2020
Correct me if I'm wrong, but didn't France call our gold-backed bluff at one point by threatening to cash in all of their bonds at once back in the middle of last century? It came up in convo with a co-worker one night while he was trying to explain the utter circus of our economy to a retarded robot that can't get past the idea of "don't spend money you don't have".
- Joined
- Jul 1, 2017
The thing is we know both Russia and China are increasing their gold stockpiles because their gold imports are tracked and reflected on market prices for gold. Just search "Russia/China increases gold stockpile" and there's a ton of hits from the past two years.
Meanwhile, you have a few Western nations like Canada which have no government gold. Anyone who owns a single golden coin owns more gold than Canada.
- Joined
- Nov 29, 2020
Lol, totally worth it to own Putler though, right guys?
- Joined
- Jan 25, 2020
- Joined
- May 5, 2022
Evergrande just filed for Chapter 15 bankruptcy in the US.
Apparently the CPC is auditing all the transactions since the major bag holder aside from the Chinese were... US banks to the tune 20+ (~100?) billion.
Supposedly the US feds are fucking pissed and SDNY are involved.
Apparently the CPC is auditing all the transactions since the major bag holder aside from the Chinese were... US banks to the tune 20+ (~100?) billion.
Supposedly the US feds are fucking pissed and SDNY are involved.
- Joined
- Dec 23, 2022
Just wait until blackstone goes under due to cities hollowing out.
Evergrande will look like a popper firework.
Evergrande will look like a popper firework.
- Joined
- Jul 6, 2021
- Joined
- Feb 28, 2019
Same thing in the EU and UK as the US. All these leeches moving in for free shit.
What happens when the free shit dries up?
Are they going to go back to their shithole countries where the quality of life is way fucking worse?
Or are the wokies going to discover they imported 10,000 little warlords who have no qualms at all about violence or ethnic unity?
- Joined
- Dec 23, 2022
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Lol, totally worth it to own Putler though, right guys?
You have to produce real, tangible goods to have an economy.
To have national security, you have to produce the real, tangible goods required for war, which includes energy, common metals, rare earth metals, and manufactured goods.
Watching the Germans be forcibly de-industrialized by natural gas starvation, then vote green party into office is proof to me that negative IQ exists.
It's quite clear the incompetent leadership in the west will be riding the clown world express nose-first into a volcano.