Global Depression 2022 - Time to do the Breadline Boogaloo!

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.
On the flipside, some are frolicking about and wasting money on trips and whatnot because there's a depression coming on and believe that this may be last call on that. I wouldn't worry about it too much in either case, if people are ignorant of the signs, that's on them at this point.
This I can't begrudge anyone, personally I've realized in recent months that if I want a book I should probably just buy it now. Now to clarify, I like a lot of weird books, stuff that I would never find at a chain bookstore, or at a used bookstore(because the only one in my town is mostly romance novels). So with that in mind I really only have the option of buying from online retailers; I don't know if I'll lose internet access, but I'm pretty damn sure that shipping costs would become cost prohibitive, and that's optimistic in the sense that supply chain's will most likely be transporting only the bare essentials. So I've pretty much been BookMaxxing for the past few months, under normal circumstances I'd be a little annoyed with myself if I had 60 books just chilling on my shelf that I have no intention on getting to for possibly years, but we are fast approaching an end to the normal circumstances.
 
On the flipside, some are frolicking about and wasting money on trips and whatnot because there's a depression coming on and believe that this may be last call on that. I wouldn't worry about it too much in either case, if people are ignorant of the signs, that's on them at this point.
I am lucky to have a stable job that can probably survive what's coming (as far as I know, and I have made sure). I'm going on my yearly Europe trip because I got the tickets for $800 round trip and got my flight upgrade ready. Paid a bit more than usual for hotels, but to be expected when you go in July instead of the winter.

The dollar losing value and getting basically 1 to 1 with the Euro is the perfect storm for Americans to travel to Europe. My money is losing value, but I can still exchange it for a better rate for the currency in the country I want to go to.
 
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They keep saying the quiet part out loud
 
I am lucky to have a stable job that can probably survive what's coming (as far as I know, and I have made sure). I'm going on my yearly Europe trip because I got the tickets for $800 round trip and got my flight upgrade ready. Paid a bit more than usual for hotels, but to be expected when you go in July instead of the winter.

The dollar losing value and getting basically 1 to 1 with the Euro is the perfect storm for Americans to travel to Europe. My money is losing value, but I can still exchange it for a better rate for the currency in the country I want to go to.

That's odd. In Hungary the Euro has around 125% value of 1 american dollar, or the dollar was worth 0.8 euro. So a very stable 4-5 ratio.

And it always kept that relation.
 
Liberal. World. Order.
Blame the liberals for ruining the economy. They're doing it on purpose and saying it.
Fucking hell.
The best part is you can take this guy's words and put them in a campaign ad or video then you'll just factchecked saying "AKSHUALLY HE MEANS IT LIKE THIS THEREFORE YOU'RE WRONG AND ARE POSTING MISINFORMATION" like they do every other time their goons say the quiet part out loud.
It's what it takes to beat Putler, but that's a sacrifice Joe Biden is willing for you to make.
And also the bulk of the Republican Party given the majority of them are in full support of continuing the proxy war with Russia. Things won't change in November no matter who wins.
So I hear we're officially in a full on depression?
The FED says GDP growth 2nd quarter was -1% so that's officially a recession and not a depression.

It's all downhill from here.
 
The best part is you can take this guy's words and put them in a campaign ad or video then you'll just factchecked saying "AKSHUALLY HE MEANS IT LIKE THIS THEREFORE YOU'RE WRONG AND ARE POSTING MISINFORMATION" like they do every other time their goons say the quiet part out loud.

And also the bulk of the Republican Party given the majority of them are in full support of continuing the proxy war with Russia. Things won't change in November no matter who wins.

The FED says GDP growth 2nd quarter was -1% so that's officially a recession and not a depression.

It's all downhill from here.
Makes me glad I'm fat and live in a rural farming community.

Maybe I'll survive this.
 
The best part is you can take this guy's words and put them in a campaign ad or video then you'll just factchecked saying "AKSHUALLY HE MEANS IT LIKE THIS THEREFORE YOU'RE WRONG AND ARE POSTING MISINFORMATION" like they do every other time their goons say the quiet part out loud.

And also the bulk of the Republican Party given the majority of them are in full support of continuing the proxy war with Russia. Things won't change in November no matter who wins.

The FED says GDP growth 2nd quarter was -1% so that's officially a recession and not a depression.

It's all downhill from here.
Biden said it's not a recession until the government declares it so get out you filthy, unwashed masses :left:
That's an estimate. I'm sure the Atlanta fed will changes its official numbers to be 0.1%+ and then quietly revise it later.
Cross posted from biz thread:

S&P down 21% YTD
Dow down 15.88% YTD
NASDAW down 30.34 % YTD
First half 2022 not looking bright fellas.
I just want to highlight this quote from Bloomberg:
US President Joe Biden said Americans will have to stomach high gas prices “as long as it takes” to beat back Russian President Vladimir Putin’s invasion of Ukraine.

“As long as it takes, so Russia cannot in fact defeat Ukraine and move beyond Ukraine,” Biden told reporters Thursday in Madrid, in response to a question about how long high gas prices might persist.
Overconfidence is a slow and insidious killer.
 
This is insanity. Pure fucking insanity and hubris. They think this system can last forever. I'm honestly shocked by this administration. Democrats used to be at the very least competent at lying their fucking asses off and saying what people want to hear. Now they're just telling them to literally get fucked.

The most Biden did in his term was this: Make Juneteenth a Holiday and get .29 cent discount on gas. That's it. Because these old faggots in congress want to blow up our economy over a proxy war rather than fucking do anything else to stop the rape and pillage of what little wealth remains in the hands of the people. Fuck Ukraine. Sorry, but there comes a point when you go, "Welp, we tried sanctions and it didn't work it just fucked us over, time to reverse course." And SOMETHING fucking happened. Early on they were close to a deal, but then all of a sudden Ukraine got told something and it was all "NOT ONE MORE INCH". Which then caused more misery and death for both sides and the entire world.

No, its "THIS WILL TOTALLY KILL THE RUSSIAN ECONOMY THIS TIME GUYZ". When India started buying cheap gas and oil from Russia and told us to get fucked, the writing was on the wall. We've pushed Russia and China together and the Russian economy is actually more powerful than it was when it started the war. I've been hearing 'the sanctions will fuck them up any day now....yup....any day now....' *looks at watch* 'FUCKING WORK'.

Now the world economy is getting fucked because its so interconnected it can't even withstand a minor traffic jam. And we've got a fucking major one. Neo-liberalism and globalism has always been a mistake. Systems decay and die, nothing is forever. Its how you prepare for the fall that matters. Right now, we're looking at the choice of either burn to death or jump off the highest building in the world. And Blackrock and other firms are looting all the valuables from the employee lockers because they've got a fucking parachute.

I remember stories in the 1960s we sent the national guard in to drag a CEO out of a company. But now we have this 'liberal world order' (neo-liberalism) and all of us except the filthy fucking rich have to sacrifice. "You're saving too much money. Employers are paying you too much." Fuck you, you printed 20 trillion dollars and gave it to billionaires and multi-millionaires, for what fucking purpose? Lockdowns drove us into a ditch and you did NOTHING to compensate. Pete assfuck took 'paternity leave' (fuck you cunt) on a supply chain crisis which turned into a fucking disaster of epic proportions when combined with inflation from printing money and high gas/oil prices.

But we shouldn't be surprised. We functionally do not have an executive branch, as Biden has dementia and his brain is melting. The only reason he hasn't been 25th'd out by the Dems is because Harris is so fucking terrible they'd rather risk Biden shitting and pissing himself on live TV than have that unlikable cunt take office. I mean, that's really why nothing is getting done. We've made the office of the president so incredibly powerful, that without an executive, we're effectively gridlocked. And there's some sort of fucking power struggle going on that we don't see because there's fifty different directions Biden is going in. And I am betting money part of the problem is Jill Biden.

End of Empire at a demented old faggot and his shrew of a wife screaming at people saying she knows best, with a state press saying how you should eat insects and your pets, and that its a good thing and helpful for the environment. Absolutely fucking insane. You want fascism? Because this is how you get it.
 
This is insanity. Pure fucking insanity and hubris. They think this system can last forever. I'm honestly shocked by this administration. Democrats used to be at the very least competent at lying their fucking asses off and saying what people want to hear. Now they're just telling them to literally get fucked.

The most Biden did in his term was this: Make Juneteenth a Holiday and get .29 cent discount on gas. That's it. Because these old faggots in congress want to blow up our economy over a proxy war rather than fucking do anything else to stop the rape and pillage of what little wealth remains in the hands of the people. Fuck Ukraine. Sorry, but there comes a point when you go, "Welp, we tried sanctions and it didn't work it just fucked us over, time to reverse course." And SOMETHING fucking happened. Early on they were close to a deal, but then all of a sudden Ukraine got told something and it was all "NOT ONE MORE INCH". Which then caused more misery and death for both sides and the entire world.

No, its "THIS WILL TOTALLY KILL THE RUSSIAN ECONOMY THIS TIME GUYZ". When India started buying cheap gas and oil from Russia and told us to get fucked, the writing was on the wall. We've pushed Russia and China together and the Russian economy is actually more powerful than it was when it started the war. I've been hearing 'the sanctions will fuck them up any day now....yup....any day now....' *looks at watch* 'FUCKING WORK'.

Now the world economy is getting fucked because its so interconnected it can't even withstand a minor traffic jam. And we've got a fucking major one. Neo-liberalism and globalism has always been a mistake. Systems decay and die, nothing is forever. Its how you prepare for the fall that matters. Right now, we're looking at the choice of either burn to death or jump off the highest building in the world. And Blackrock and other firms are looting all the valuables from the employee lockers because they've got a fucking parachute.

I remember stories in the 1960s we sent the national guard in to drag a CEO out of a company. But now we have this 'liberal world order' (neo-liberalism) and all of us except the filthy fucking rich have to sacrifice. "You're saving too much money. Employers are paying you too much." Fuck you, you printed 20 trillion dollars and gave it to billionaires and multi-millionaires, for what fucking purpose? Lockdowns drove us into a ditch and you did NOTHING to compensate. Pete assfuck took 'paternity leave' (fuck you cunt) on a supply chain crisis which turned into a fucking disaster of epic proportions when combined with inflation from printing money and high gas/oil prices.

But we shouldn't be surprised. We functionally do not have an executive branch, as Biden has dementia and his brain is melting. The only reason he hasn't been 25th'd out by the Dems is because Harris is so fucking terrible they'd rather risk Biden shitting and pissing himself on live TV than have that unlikable cunt take office. I mean, that's really why nothing is getting done. We've made the office of the president so incredibly powerful, that without an executive, we're effectively gridlocked. And there's some sort of fucking power struggle going on that we don't see because there's fifty different directions Biden is going in. And I am betting money part of the problem is Jill Biden.

End of Empire at a demented old faggot and his shrew of a wife screaming at people saying she knows best, with a state press saying how you should eat insects and your pets, and that its a good thing and helpful for the environment. Absolutely fucking insane. You want fascism? Because this is how you get it.
Just remember: all this is the expected outcome after democrats started socializing america in the 60's. It's so easy to look at the gazillionaires and go "FUCK YOU YOU ROBBED ME!". But they paid for these politics in your schools, because this is how socialism always works out. Every time.
 
Just remember: all this is the expected outcome after democrats started socializing america in the 60's. It's so easy to look at the gazillionaires and go "FUCK YOU YOU ROBBED ME!". But they paid for these politics in your schools, because this is how socialism always works out. Every time.
I mean, you can look at the 1960s, but the recent trend of globalism and neo-liberalism is very new and responsible for the destruction of the working class. It is the elites and moneyed class. From the 1980s onward, they've been deregulated and granted more power and control. Wealth is a finite resource, and they've siphoned up nearly all of it and still want more. You want to revert politics? Its not going to happen. These people put those policies in place and still benefit them. Its always been a matter of economics. Identity politics has been used to divide the lower classes to fight among themselves since feudal times. Its not some communist or socialist conspiracy. Its to pit us against each other so we don't notice we're being fucking robbed blind.
 
I mean, you can look at the 1960s, but the recent trend of globalism and neo-liberalism is very new and responsible for the destruction of the working class. It is the elites and moneyed class. From the 1980s onward, they've been deregulated and granted more power and control. Wealth is a finite resource, and they've siphoned up nearly all of it and still want more. You want to revert politics? Its not going to happen. These people put those policies in place and still benefit them. Its always been a matter of economics. Identity politics has been used to divide the lower classes to fight among themselves since feudal times. Its not some communist or socialist conspiracy. Its to pit us against each other so we don't notice we're being fucking robbed blind.
And this is why you'll fall for it again. Because while you're right that it is to divide the working class you still voted in what lead to this, aka the gradual socialistic creep. That's how it ended up with this moneyed class you so hate: that's how every fucking socialist country ends up.

I don't think political reform is possible but I do think people should fucking learn from this. "EAT THE RICH! DOWN WITH THE BOUG!" is what lead to this.
 
I hate the US job market. Not for the compensation, not for how rough its been lately, but how incredibly dishonest it is. Every second from the entirely online hiring process to combative multi person interviews is pure bullshit, and not in an old handshake kinda way. There's more eyes than ever to keep up the kabuki theater versus just bullshitting bosses above, and people will sacrifice their souls just to gain some foothold. The boomer mentality of that "wear the suite and give them firm handshakes and hand out copies of your resume" isn't only frustrating because its now a lie, but it should be true. LinkedIn only exaggerated the problem, basically giving out token salaried positions for making a pretty looking profile page. There's small places free from this, but they themselves can't help but get involved in the rate race as they've been squeezed harder than ever and truly lean family operations don't want strangers at this time.

There's still awesome networking nee nepotism opportunities around, but some people wish to use whatever leverage they have and shut the door behind them, and that';s in part of how alienating it is to talk to dozens of corporations before not even getting a dream job, but one that is worthy of bringing a friend along, you'll wish they suffered as much as you did.
Online, there's a terrible signal-to-noise ratio from programmers, and i don't blame them for anything not related to HRT, but its the always online nature of the profession that makes so much discussion about their field. Because of this, i know a lot of irrelevant information about their field, salaries, FAANG interviews without even choosing that path.
I don't want to see good people laid off from their work, as just happened to me two years back and countless others for a myriad of bullshit reasons, but there's got to be some squeeze to remove the bloat from the workplace, necessitate a reasonable collapse instead of setting new records on how tall his house of debt based financing house of cards can get. Real estate can't be a solid growth line for as long as it was, and i fear that i'm gonna live a good chunk of my career in the aftermath of the rarely examined 2020 Federal "telethon" for the Fortune 500 and billionaires, that many Republicans don't even take note of because it happened under Trump
 
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I mean, you can look at the 1960s, but the recent trend of globalism and neo-liberalism is very new and responsible for the destruction of the working class. It is the elites and moneyed class. From the 1980s onward, they've been deregulated and granted more power and control. Wealth is a finite resource, and they've siphoned up nearly all of it and still want more. You want to revert politics? Its not going to happen. These people put those policies in place and still benefit them. Its always been a matter of economics. Identity politics has been used to divide the lower classes to fight among themselves since feudal times. Its not some communist or socialist conspiracy. Its to pit us against each other so we don't notice we're being fucking robbed blind.
No, the destruction of the working class is caused both by the elites and the working class themselves. The kind of standard of living the working class wants cannot co-exist with them in it, because they will go out of their way to destroy it. If you posted something like this 5 years ago on here, you'd be called a communist faggot.
 
The nordstream gas pipes are scheduled for maintenance later this month. Any bets on whether Russia just happens to find some unforeseen issues requiring lengthy shutdown?

Sorry Hans, Ivan dropped a wrench into the turbine and now the whole thing is kaput. No gas for you this winter, enjoy heating your home with brushwood :story:
 
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