Global Depression 2022 - Time to do the Breadline Boogaloo!

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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.
Yeah I got no cash to invest in hold or even a Jershcoin, but antifa or planet of the blm moments are highly unlikely in slavlands.

Besides, I fully expect the goverment to go full fash way before that happens, unless a war breaks out.

It could at least wait until we get all the modern stuff Trump daddy made us buy.
 
Astrological ages last an average of 2,000 years (mathematically is 2,160 years, but precession and other factors alter the calculations). Your mate is wrong, we have been in the Age of Pisces since Jesus was born and will enter the Age of Aquarius anytime now. Some say it began in May 2000 with the conjunction of planets. We enter the Age of Capricorn around 4000 AD.

Now astrology is mostly stupid, but consider that the concept of astrological age is actually rooted in ancient science (astrology is just the ancient version of astronomy) and is thus related to shit like how ancient Christians calculated the date of Easter year after year. The 2K year thing is probably coincidential. Interestingly, it's fairly close to the Mayan Long Count, where shifts in the calendar were marked by great wars although that was straight up political since if some dude staged a coup in his city based on the calendar he'd automatically legitimize his rule.

If it's tribalism, you really do need to know your neighbors. It's how it works in Africa, at least according to a few guys from Africa (professors and students) I knew in college. They don't want weirdos messing with you, because it means they might be next. Bubba down the road with the big ass dog he barely controls and barks all night might actually be your good friend in this time.

Well there's like one black dude in my neighborhood, he seems okay. I hope no one beats him up in these challenging times (:_(
Thank you friend, sorry for getting stuff mixed up.
 
Yeah I got no cash to invest in hold or even a Jershcoin, but antifa or planet of the blm moments are highly unlikely in slavlands.

Besides, I fully expect the goverment to go full fash way before that happens, unless a war breaks out.

It could at least wait until we get all the modern stuff Trump daddy made us buy.
I like paprika. Can I culturally enrich you?
 
I fully welcome the incoming crisis, the current economy created a huge amount of social, economic and environmental issues that only get worse as time goes on. We are quite literally selling out the future of our species for a mild increase in convenience (and even that's debatable). It's better to clean the slate and hope for a future society that knows what the word social even means.
So many good things to reply to in this. But before that an opinion on GDP. Opening post remarks that it's a widely accepted measure of a country's economic health. This is true - it is widely accepted. But is it a good measure? A lot of people don't understand what it actually means. It's simply a measure of purchases
@Overly Serious
A funny joke about GDP: Two economists walk in a field, one says to the other "I'll pay you 1M$ to eat this cow dung". The other one agrees and eats it. They continue walking and then the second one says to the first "I'll pay you 1M$ to eat this cow dung" and he agrees and eats it. They continue walking, then one says to the other: "Don't you think it was pointless when none of us got any money and both of us have the taste of shit into our mouths" and the other replies "But we just increases our country's GPD by 2M$!".
 
Smart money would be to wait until prices go down or collapse. But that really depends on how you intend to buy. If you buy cash up front it may be better to wait. If you intend to do financing on the other hand you may want to buy now before the music stops. With interest rates at their lowest level in a century you will never see rates like this in our life times.
I can't possibly agree with this enough.

I'm not quite as doompilled as the majority of this thread, so my interest in these events is purely bullish profit where possible. So for example, as I mentioned in the Evergrande thread, if any of you younger saps are planning an entry into the housing market any time in the next decade (or longer), then underlined are your two options if you want to come out of this an absolute winner.

(Holy shit, the interest rates. Had a family friend explain to me over dinner how they refinanced their mortgage last month, which together with some tax sleight-of-hand essentially has the bank paying them to live in their house for the next 20 years. "Green with envy" doesn't even begin to describe my jealousy.)
 
As someone in a lower economic position, this type of shit worries me.
What's the strategy for those of us who don't have a lot of money? Scary shit ahead.
Well, the good news is you probably don't have stonks that will become toilet paper.

The bad news is you may wish you could afford toilet paper.
 
Forget the bitshekels, its TP where it is at. Can be used in a shortage, doesn't require a total collapse, can be stored as long as no mouse gets in it....
ive said it before. find a way to make booze and im adding smokes. people with wipe with leaves, skip a meal whatever they gotta to get that sweet relief and they gotta go through you. want a shot, costs a bullet.
 
As someone in a lower economic position, this type of shit worries me.
What's the strategy for those of us who don't have a lot of money? Scary shit ahead.
Family. Consolidate to a more financially stable cohesive unit. This is how people did it for millenia. The late 20th century nuclear family of one bread winner and one child care manager is a massive historical aberration.
 
Family. Consolidate to a more financially stable cohesive unit. This is how people did it for millenia. The late 20th century nuclear family of one bread winner and one child care manager is a massive historical aberration.
That's actually pretty comforting to know. What we lack in money we have in family in the area, if/when shit hits the fan I think it'll be okay.
 
Family. Consolidate to a more financially stable cohesive unit. This is how people did it for millenia. The late 20th century nuclear family of one bread winner and one child care manager is a massive historical aberration.
My grandma lives on my land and all she does is watch ESPN all day.

Google: How to turn old people into cash
 
Having a decent supply of canned food and properly-stored starches isn't a major investment, and it could mean the difference between being broke and being just fine in a serious financial crisis at levels far below "end times." It's not a bad idea. Don't doom yourself out of being prepared.
Having a deeply stacked pantry and deep freeze let me ride out all the covid lockdowns and stay far away from the fist fights at stores over TP and canned beans.
It lets me wait for things to go on sale rather then having to buy things NOW at full price because I am out.
When shits all fucked up from snow or ice storms I can just stay in all week and troll on KWF and not have to worry about going out for food or supplies.
 
Having a deeply stacked pantry and deep freeze let me ride out all the covid lockdowns and stay far away from the fist fights at stores over TP and canned beans.
It lets me wait for things to go on sale rather then having to buy things NOW at full price because I am out.
When shits all fucked up from snow or ice storms I can just stay in all week and troll on KWF and not have to worry about going out for food or supplies.
My apartment looks like a warehouse atm but I'm finding space by giving away stuff I don't need or use, which also keeps me on good terms with my neighbors. I was also able to stay in during the lockdowns and shitpost but my neighbors also made it a point to feed me. I'm lucky in that I live in a building where most of the people have literally lived here for generations and they mostly come from the same county (Dominican Republic) so its comfy, The locals refused to let looters in to ransack us so it has that going for it. if they decide to move back then I'm screwed.
 
Great thread, very comfy, I can't wait for it to inevitably get derailed by your standard arguments like crypto vs precious metals, communism vs fascism vs capitalism as the solution and the doom posters insisting Mad Max is upon us so why bother and just kiss your ass goodbye.

Look on the bright side: if the currency collapses, there are food riots, and the government is trying to kill us, then at least the immigrants will go home.
No matter how bad it gets in Western nations, it will be far worse in the countries the immigrants came from. Waiting in breadlines in the US is far better than outright starving to death in Africa or the Middle East.

What's the alternative to crypto?
There are many asset classes, each with advantages and disadvantages. Land ownership, stocks, bonds, savings earning interest, precious metals, crypto currency, fine art, classic cars and memorabilia.

The problem is land ownership, fine art, classic cars and memorabilia are probably all beyond the reach of your average poster. Saving accounts earning interest and bonds are pretty much useless due to depressed interest rates, returns on these assets are often under the true rate of inflation meaning you'll actually lose money long term. Stocks and land ownership are also overheated due to all the smart money pouring into them due to other traditional asset classes being unwise investments in current year. Cryptocurrency is more speculative than an investment, it has only been around for just over a decade and who knows what the future holds for it. Precious metals like gold, silver, rhodium and platinum are only really good for a store of value, putting all your money into them is a fool's idea.

Traditionally diversifying across all the above mentioned asset classes would have made the most sense in a balanced portfolio, but we live in clown world now. The best thing to invest in these days is yourself, learn a trade or a skill that is always needed. Go to the gym, get fit, buy a firearm and learn how to shoot. Spend time reading about investing and speculation and try a few plays which won't destroy you financially and maybe look at getting a side gig for extra income.

This might be a controversial question, but seriously, who is going to give a shit about gold?

You can't eat it, what practical service does it have other than being rare and looking kind of pretty? Any value gold actually has has just been pretense and I don't think 21st century humans are going to give a shit.

Pussy, bullets, food, shelter, alcohol and drugs are going to be more valuable than gold in some shit hitting the fan scenario, it's hilarious to me that boomers think gold is some magical cure all to avoid economic trouble.
Gold has been a store of value for thousands of years and will continue to be for thousands more. Fiat currency and cryptocurrency are relatively new ideas, they don't have legacy of reliability that precious metals do. There are numerous tales online of gold being used to keep people from starving in Weimar Germany or Argentina. The main use of gold would be a store of value for after the crisis is over. I remember one such story of a family using their gold to buy a mill after an economic crisis was over and then produced flour.
 
I have no idea how doompilled people in this thread think I am, so I'll just throw out that I have no ability to sus out the financial aspect of this. I actually saw it from the agricultural angle and Slow Moving Average pointed out the glaring issues with the market, so I incorporated them.

I actually picked the mid-tier prediction. Bank of America is calling 20% correction, which would put us at exactly the level of the 2008 crash.

One analyst says 80%.
Someone else says 50%.
Even Motley Fool is saying 'it could happen'. I agree with them there is a difference between 'could' and 'will.' Outside of places where the economy is currently imploding (indisputable) and where there are currently famines (also indisputable), all I've been saying is 'It could happen.'

JPMorgan was being optimistic, which I found weird, but not as weird as not being able to find the article about it again.

Soybean futures held early warning for economic collapse is an interesting article about the connection between grain production and the stock market.

I'm beat, but I will come back with a meat packing sperg when I'm less out of it.
 
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Some channels I would recommend to keep an eye on, first being WallStForMainSt. He follows most asset classes including stocks and precious metals. Last month he spoke on the possibility of hyperinflation coming soon to the US after Jack Dorsey hinted at it occurring on twitter.


Another great channel is George Gammon, he talks a lot about the issues currently affecting the US and world. If you're unsure on things he has videos from a few years ago where he explains financial terms in an extremely easy way to understand if you are new to the subject.


The reason I recommend these two channels is because many Youtuber's are grifters who are trying to sell you on something, Mike Maloney and Peter Schiff for example. These two are more subdued and aren't trying to sell you a book or gold or silver from their websites.
 
As someone in a lower economic position, this type of shit worries me.
What's the strategy for those of us who don't have a lot of money? Scary shit ahead.
Consolidate resources if at all possible, meaning move back in with family or close friends. If it helps you sleep at night most currency collapses in western economies haven't lead to mass starvation, you might go hungry every once in a while, but you'll probably survive without much issue. Really the net negative impact for those in lower economic strata is that they all of the sudden have no money to spend on leisure activities or bettering themselves through school or investments.
 
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