- Joined
- Jan 9, 2020
The Economic Collapse of 2025 - Are you tired of winning yet?
- Thread starter John Badman
- Start date
- Joined
- Jul 18, 2017
Jokes on you. Only 30% of Americans have 401k's. Which means 70% of Americans either don't give a shit or are enjoying watching you suffer.
- Joined
- Jan 9, 2020
Not having a 401k I wouldn’t have thought was something to brag about. But here we are.
My my how sensitive you are.
Rootless Cosmopolitan
kiwifarms.net
- Joined
- Aug 2, 2024
I have a 401(k) and I’m glad about this crash. Here’s why:
1. I’m still young and so I’d rather buy assets cheap than expensive.
2. Boomers suck and I’m unsympathetic. They’re going to get social security and Medicare and stuff which we never will, so don’t pity them too much lmao
- Joined
- Jul 18, 2017
Who said I don't have one? I said 70% of Americans don't. My 401k is eating shit. But that is future me's problem. Honestly I never expected to be able to retire anyway and always viewed it as bullshit but something to do anyway just in case. So the 401k eating shit right now is not really relevant. So add me to the 10% of Americans with 401ks who don't care. Really only retired boomers on fixed income care at this point.
- Joined
- Jul 4, 2022
Even putting aside all that, why would a company invest the millions necessary to build manufacturing plants in the United States (most old factories, the ones that aren't derelict and blighted structures that is, have been either knocked down or converted into apartment blocks) when there's a good chance in a few years a new Administration comes in and reverses all of these tariffs? You'd need to counteract this mindset by, ideally, offering a massive blank-check-style industrial subsidies program, but that would run counter to their whole quest to bring government spending to heel. But that doesn't guarantee companies will actually make effort to put the factories up as they could just pocket subsidies like they usually do, or the whole thing gets bogged down in litigation like you said.
It's, in my opinion, an almost unfixable problem with the way our system is set up. I'm not really sure tariffs are the ultimate "final-solution" problem-solver that some people would like them to be.
- Joined
- Jul 18, 2017
- Joined
- Jul 4, 2022
Maybe, but the messaging is schizophrenic. Sometimes it's "it's just a negotiation tactic to get trade to be fair" (whatever that means, we are a nation based on service-economics and the fundamentals of the system necessitate us being consumers) but other times it's what you said "it's an opening salvo." If it's an opening salvo to reindustrialization, then there needs to be more concrete planning and proposals in the next few weeks that are about reshoring. It can't be something that gets put off and put off until it's too late. You'd probably even need Congress to sign off on a spending bill that would promote subsidies for industry.
If it's an opening salvo to dismantling the system, then I don't think that's going to happen.
- Joined
- Jul 18, 2017
The entire post war global system was predicated on American involvement and enforcement. If the USA withdraws from the system, the system ceases to exist.
I would argue the USA starting with tariffs is well thought out. It sends the signal that the era of the Pax Americana is over. Without actually removing the entire structure with immediate effect.
- Joined
- Jul 4, 2022
The Post-War system, as designed, outsources the industrial potential to the Third World while having the US exist as a service-based consumer economy, which bankrolls and enforces the whole system via dual economic control (as the Empire controls the dollar) and military power projection. Without massive re-industrialization, we would see ourselves put in a massive bind for decades, not to mention the ramifications if the dollar lost its place as the world's reserve currency.
For what it's worth, I want the Empire dismantled as well and is on a course for collapse in any event regardless of what happens, but if there isn't any attempts made to stabilize and shift things here while we still have leverage to make it happen, it will make crawling out of the wreckage harder.
Autistic Nonetheless
kiwifarms.net
- Joined
- May 26, 2024
The funniest, most lolcow and chief thing about this is that it would have been so much better if Trump just kept his mouth shut.
The stonx market going down is bad because it is a reflection of what investors expect from the American economy. And what they expect is chaos.
If it's permanent arrangement then dont talk about a deal. No one will bring manufacturing back into the US if they think the tariffs will be gone next week.
And if it's a play then don't talk about how beautiful that one deal is gonna be and maybe China would actually try and negotiate instead if raising its own tariffs immediately and giving themselves leverage .
And finally Trump is absolutely 100% too retarded to back down now that he fucked up.
This is the funniest of all possible worlds
The stonx market going down is bad because it is a reflection of what investors expect from the American economy. And what they expect is chaos.
If it's permanent arrangement then dont talk about a deal. No one will bring manufacturing back into the US if they think the tariffs will be gone next week.
And if it's a play then don't talk about how beautiful that one deal is gonna be and maybe China would actually try and negotiate instead if raising its own tariffs immediately and giving themselves leverage .
And finally Trump is absolutely 100% too retarded to back down now that he fucked up.
This is the funniest of all possible worlds
- Joined
- Feb 16, 2024
the messaging is always schizophrenic when you oscillate between multiple different copes
- Joined
- Jul 18, 2017
The system as it was designed was to put Herculese in Chains. To make him a beast of burden for a global system of economics set up for a multinational few. And with their pet ogre, these people would bully the rest of the world into compliance.
Hercules cannot be made a slave. And neither can the American people be made slaves. The past 30 years have been a desperate effort to heap chains on us. No more. What the multinationals and the stock market bros, along with their pet boomers do not understand is that everyone who supported Trump knew this would be outcome. We knew breaking the chains would mean breaking the system and bringing financial pain.
And although we may be poor, not a one of us shall be slaves. Shouting the battle cry of freedom.
- Joined
- Mar 29, 2014
Did the recession of 2008 ever really end?
Dagoth AMOGUS
kiwifarms.net
- Joined
- Feb 28, 2023
- Joined
- Jul 18, 2017
Nope.Did the recession of 2008 ever really end?
Ughubughughughughughghlug
kiwifarms.net
- Joined
- May 14, 2019
Crazy DEMAGOGUE.
Congratulations on maki g Trump sound awesome (demigod) you fucking retard
- Joined
- Aug 31, 2020
As much as I like the people in the US Politics 2 thread, I am disappointed in them with their Trump Adoration Syndrome. Now, I understand Trump is doing what he can, but ultimately it comes down to private business owners and investors to invest in American infrastructure, which is a dubious proposition. Maybe it'll work out, but if the hiring crisis (ghost jobs, entry level with 5 year experience, nepotism, etc.) is any indication, businesses are bracing for contraction, not expansion. It certainly is not getting people to maximize productivity as that requires permission. Businesses overseas might still decide that building in the US is still more expensive than the tariffs themselves and just not do it.
You can squeeze more by simply increasing tariff rates until the costs of overseas operations becomes prohibitive. For what it's worth, the Biden Admin not only kept the Trump tariffs from his first term, but expanded them. Anyone looking to wait out that storm will have sacrificed at least 12 years by the time Trump leaves power in 2029. I'd dare say there's a decent chance these tariffs survive as an extra tax alone.
- Joined
- Jul 3, 2021
Solo 401ks aren’t usually the best option for self-employed people. And government workers don’t get 401ks.