Global Depression 2022 - Time to do the Breadline Boogaloo!

[Male Idiot]

If the economy stays in such condition for a full 4 years and Biden somehow beats Trump in a sketchy election again, I think you would actually get some sort of violent spergout with fatalities, not civil war like the doomers hope for, but random people mass shooting shit up. Nobody would believe the election after going through 4 years of this stagflation, somehow the confused boomer that mismanages literally everything because he is mentally in the next dimension won? Half the population would realize that yes, the system is well and truly fake and gay and the people benefiting from it had to go by any means possible. Not that I believe Biden is actually going to run, the fucking media is already openly talking succession and who would be the democrat runner in 2024, he was basically a fucking lameduck President in his first hundred days onward, this is going to be a fucking unbearable 3 more years because this decrepit old man just wont die and give us the benefit of having a younger person, even if she is a sociopath, as President.

I doubt Kamala would be any improvement at all.

Same policy, just not even funny.

 

[Ancient Pioneer]

I doubt Kamala would be any improvement at all.

Same policy, just not even funny.

But she isn't a dementia riddled fuck. She is still mentally acute and can evaluate events. Biden barely works 4-5 hours a day before calling a lid and going back to Delaware every other week. The Afghanistan pullout was a perfect example of why I think he needs to go, when shit was falling apart and it was becoming a repeat of Saigon he couldn't stay at work for more than 4-5 hours a day and had to go home to Delaware to hide. At minimum I think everyone would agree Kamala is young enough that she could pull a full 8 hour work day and maybe 16 with the relatively light demands the Presidential office has on the body. When the US was in a crisis he fucking hid away, and the country looked rudderless, it was astounding and I've never seen such incompetence before and I lived through the Bush Jr era.

 

[tehpope]

 

[Only A Retard Sometimes]

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here we go boys

 

[Raoul_Duke]

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We're just months away from Great Depression 2: Electronic Boogaloo, aren't we?

 

[tehpope]

@Only A Retard Sometimes @Traincake not sure. This could just be a nothing burger. idk.

 

[Lorne Armstrong]

Given that the fuckups are piling higher and faster, I'm not sure they can hold out that long.

They can try

 

[Only A Retard Sometimes]

We're just months away from Great Depression 2: Electronic Boogaloo, aren't we?

predictions for a deflationary or a inflationary depression?

 

[Hippopatumus]

predictions for a deflationary or a inflationary depression?

Initially deflationary, as higher rates grind the housing market and thus the economy to a halt. However, commodity prices will continue their upward trend and we will break out back into severe inflation within a year. The 1-2ish percent rates the Fed is signaling are just enough to disrupt things without actually solving the root problem.

 

[Non-breath oblige]

 

[George Lucas]

We’re in a K-shaped recovery Goddammit!

 

[contradiction of terns]

We’re in a K-shaped recovery Goddammit!

This made me think of the Eichenwald J-Curve and then I had to go check up on him. Still retarded on Twitter, the poor guy.

I suspect I'm the only person who cares about the non-US countries, but Turkey has breadlines... for now.

In Turkey, bread lines grow longer as inflation soars

Many Turks Can’t Afford Bread, and Bakers Can’t Afford to Make It

 

[Male Idiot]

But she isn't a dementia riddled fuck. She is still mentally acute and can evaluate events. Biden barely works 4-5 hours a day before calling a lid and going back to Delaware every other week. The Afghanistan pullout was a perfect example of why I think he needs to go, when shit was falling apart and it was becoming a repeat of Saigon he couldn't stay at work for more than 4-5 hours a day and had to go home to Delaware to hide. At minimum I think everyone would agree Kamala is young enough that she could pull a full 8 hour work day and maybe 16 with the relatively light demands the Presidential office has on the body. When the US was in a crisis he fucking hid away, and the country looked rudderless, it was astounding and I've never seen such incompetence before and I lived through the Bush Jr era.

I do not think Biden is the decision maker, nor would be Kamala.

The choice would be between a funny old dotard puppet and slutty insufferable cat lady pajeet edition puppet.

 

[Kujo Jotaro]

Kremlin reveals new independent Russian-Chinese financial systems

Russia and China will develop shared financial structures to enable them to deepen economic ties in a way that foreign states will be unable to influence, the Kremlin has announced following talks between the countries’ leaders.

www.rt.com

Reserve currency status revoked

 

[Billy Beer]

View attachment 2805197

Kremlin reveals new independent Russian-Chinese financial systems

Russia and China will develop shared financial structures to enable them to deepen economic ties in a way that foreign states will be unable to influence, the Kremlin has announced following talks between the countries’ leaders.

www.rt.com

Reserve currency status revoked

>release virus that shuts down western economy
>West prints money for fun to try and save economy
>West calls in debts from Russia and China
>Russia and China no longer need the Western economy
>Whoopsie Daisy

 

[Kujo Jotaro]

>release virus that shuts down western economy
>West prints money for fun to try and save economy
>West calls in debts from Russia and China
>Russia and China no longer need the Western economy
>Whoopsie Daisy

That was going to be their solution to any major crisis that cropped up, even if it was simply an economic down turn with no outside contributing forces.

 

[Billy Beer]

That was going to be their solution to any major crisis that cropped up, even if it was simply an economic down turn with no outside contributing forces.

It still happened right after the western economies got bummed by the chinkflu and Europe goes green, relying on gas from Russia.

Memba what happened the last time the leader of a super power told the west to stick their debts up their arse?

 

[Billy Beer]

Double posting

Bank of England raises interest rates from 0.1% to 0.25%. This is the first rise in 3 years and they did it to combat rising inflation (which doesn't exist unless you're a conspiracy theorist)

Interest rates rise for first time in three years

Policymakers increase rates from their historic low despite fears that Omicron could slow the economy.

www.bbc.co.uk

 

[Hippopatumus]

Oooh 15 basis points. That's sure to fix things.

 

[contradiction of terns]

I almost filed this into the supply chain thread, but the guy's a farmer and it's technically more about the urea shortage and the impact it will have on farming, so... have some agri-news to go with your economics.

‘No meat, no beer’: Aussie farmer reveals urea crisis at boiling point in viral TikTok video

In recent days, the urea shortage plaguing Australia and the world has made headline after headline as it threatens to pull tens of thousands of trucks and private vehicles off the road and cause countless everyday items to disappear from supermarket shelves.

Not only is urea used in fertiliser, it is also a key ingredient in diesel exhaust fluid (DEF) – also known as AdBlue – which is injected into the exhaust systems of modern diesel vehicles in order to reduce emissions, which is a mandatory requirement for trucks, private vehicles and tractors.

The shortage is expected to peak by February, and could devastate our agriculture and transport industries, along with countless other sectors.
But while the problem is a complex one, an Aussie farmer has explained exactly why we should all be concerned.

Under the popular TikTok account FNQBeersBullsBoars, Queensland cattle farmer Matt Ferguson-Tait began by explaining that urea was essential in his industry, as it was used as a protein for cattle.

But he said urea was also used in the production of almost every grocery item.

“Go have a look in your cupboard, go have a look in your fridge, and just about every single item there, at some point, urea has been used to produce that product, whether it be a steak, or a salad, or a can of baked beans,” he said.

“I can guarantee that at some point, urea has been used to produce that.”

But he also shared a fact that was “even more terrifying”.

“I’m going to get your attention real quick with this – urea is also used to grow the barley to make your beer,” he said.

“So without urea, we have no beer – that there is scary … but here’s another fact. Urea is one of the main ingredients to make AdBlue … a large number of the trucks and diesel engines on the road nowadays all use AdBlue as pollution control, and as of February, Australia runs out of AdBlue.

“If we run out of AdBlue, not only will we not be able to grow cattle, we will not be able to grow food, we will not be able to grow grain or anything like that, but even if we could, we can’t move it, because we can’t turn a wheel in a truck, because we have no AdBlue.”

He described the unfolding situation as “terrifying” and accused the government of failing to act.

“As of February we might not have a truck on the road in Australia, we might not have a train on the track in Australia – quite literally, the whole country comes to a standstill as of February,” he said.''

“So how’s that for a news headline? It’s more terrifying than any Covid headline, I can tell you.”

Before you decide he's just being melodramatic, he's got back up:

News.com.au previously spoke with a string of industry experts including the Victorian Farmers Federation, the Australian Steel Association, the National Road Transport Association and the Australian Trucking Association as well as farmers and agricultural market analysts, who all agreed Australia was facing a serious shortage with far-reaching consequences.