US US Politics General - Discussion of President Biden and other politicians

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I think part of it is the "When America sneezes the whole world catches a cold." Last week's job report was horrendous, and something like 10 of the last 14 job reports have been revised downward so everyone is freaking out at a possible recession here in the US. During the onset of the pandemic we had nearly 13 point drops twice in the same week, which dropped the market nearly 3,000 points, if it were to happen again it would be over 5,000 points.

Japan closed down -12.40% or down 4,400 points.
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northstar747 said:
if niggerfication was a glow op.....or the result of top down policies, that begs the question of why? What is gained by doing that?
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The government does not want people to be believing in and spreading conspiracy theories, but then the Holocaust became a permanent reminder that the government Fucking Will try to kill you. It has every characteristic of a conspiracy theory, except for being directly denied by the government, because Western governments have no way to directly cover up the most infamous crime of their shared enemy, which stands in everyone's mind as the sleeper codephrase that slowly turns any Westerner into a conspiracy theorist.
The government wants you to think of itself as ontologically innocent, but every key event of Western history shows otherwise, so it can not finish this goal except by replacing everyone with a more naive demographic.
 
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The Last Stand said:
Given Biden's declining health, that statement has more truth than it has any right to. America is basically the standard for the Western world, for better or worse.
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America is an empire in everything but name. It's culture has a strong influence on many nations and countries are required to perform trade in the US dollar otherwise their leadership would be forcefully removed. It has put a lot of work into making many countries bend the knee, and they will all buckle if America collapses. just because the nations themselves haven't pledged servitude to America it does not mean that the leaders haven't - and protesting america's pressure on them can be fatal.
 
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Financial analyst here. Seeing a lot of posts about the stock market. Just wanted to add some context.

1. Yes we are currently in a minor correction due to the recent unemployment numbers. This is a just a temporary downturn that will last for one or two weeks at the most.

2. Companies are restructuring as they pivot from a more conservative approach to full-on growth. This is a side-effect of Biden’s recovery and shows a strong economy.

3. Unemployment is high due to layoffs. Companies are already making new positions with a different focus (more growth-oriented, think closing up cost saving efforts while expanding sales). This means the unemployment increase is mainly structural and will resolve itself in one or two quarters.

Tl;dr there’s nothing to worry about. Hold on to your positions. The absolute worse thing that can happen is if we swing the pendulum and elect someone like Trump who will shock the market out of recovery. Vote blue to keep your gains going up!
 
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Cnidarian said:
The government wants you to think of itself as ontologically innocent, but every key event of Western history shows otherwise, so it can not finish this goal except by replacing everyone with a more naive demographic.
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They contradict themselves with their hubris. How can you be the leader of the free world, yet exonerate yourself from responsibility when shit hits the fan? They sure as hell like to point fingers regarding civil rights and warfare. I'm convinced it's out of touch, evil people wanting to watch the world burn because they can.
 
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>tfw no Asian gf said:
So fellas on a scale of "Nothing ever happens" to "Stock brokers jumping out of windows", how serious is this situation?
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They were supposed to start jumping out of windows in 2008. Instead we gave them an infinite amount of Government money to build bigger skyscrapers... and didn't ask them to make any changes in what caused the situation they were in. So now, the windows are higher than they have ever been AND the Government chained us to the Stock brokers, who are eyeballing the Government money printer like a crack whore hoping for just one last hit.

Every economy in the world that is actively trading right now is eating historic amounts of shit, up to and including Japan's falling almost as bad as the generation defining Blue Tuesday event of 1987 -- which was 15%. And we have 6 hours till ours opens and all hell breaks loose.

And Biden, who is a dementia patient, is asleep. Kamala, who is ostensibly supposed to be in charge when Biden is incapacitated, is refusing to do any work lest any of this shit splatter her. (Women never take responsibility, who thought it was a good idea to give them political power?)

I don't know who is in charge of the US Government at this time but they're going to have a very bad Monday.

Exterminatus said:
I think the 4.3% unemployment report was what sparked some of it, there are very likely other cascading factors but I'm not as savvy on the stock market.
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4.3% unemployment after they intentionally manipulate the shit out of those numbers. They massage and fondle and openly skullfuck those numbers and 4.3% is the best they can make them look.

IIRC, anything over 4% is some sort of "oh fuck, panic" number? Means that it's a recession if not depression? Someone mentioned that a few dozen pages back, or maybe in another thread. That's why a lot of the businesses got reaaal fucking cagey over the last week.
 
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Scale Smerch said:
Glad I took some time off with incremental crypto purchases, going to be a great time hoovering up firesale BIT and ETH in a day or two :story:
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I just bought a bit, to donate to here again, but bow you see those buys go -1% then -5%. II'm dealing low amounts but it still makes you realize how shitty crypto is for even short term.
 
KSachiko77 said:
Thank God I left the reserves last year. I never even deployed and honestly I got the impression it wasn't worth it. RIP to the boys.
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When you say you left the reserves are you talking IRR? If not and it was your first enlistment....guess what your getting called back first.
 
HTTP Error 404 said:
They were supposed to start jumping out of windows in 2008. Instead we gave them an infinite amount of Government money to build bigger skyscrapers... and didn't ask them to make any changes in what caused the situation they were in. So now, the windows are higher than they have ever been AND the Government chained us to the Stock brokers, who are eyeballing the Government money printer like a crack whore hoping for just one last hit.
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As an aside, IIRC one of the "M numbers" shows the amount of money in the system, i.e., it shows the money printer going brrrr over the past few years. But more importantly, one of the other M numbers shows how much money Wallstreet claims to have and I bet if you took a snapshot of that chart from 2005 to 2024 you'd see some "oh, shit" hilarity. Because there's nothing actually stopping Wallstreet from claiming to have more money than the entire GDP of the Earth 100 times over, other than the honor system.
 
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