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.
Tsukasa Kayoda said:
Bruh in my area (not self doxing) some delusional woman is selling her double wide trailer and tiny strip of land for $200,000.
People are severely overestimating the value of their land, and that retardation is what Blackrock preys on. "Oh these selfish people aren't buying your land? Here, WE'LL buy it"
Click to expand...
There's a house near me for sale that is a mostly burned-out shack. It is something like 300 square feet on probably a 1/4 acre plot. The roof is collapsing. It looks like it has been used as a toilet by homeless men for centuries. $60,000.

Meanwhile, I can pay $10 for a 2 story 2000 sq ft. home in a nearby Black area. They're practically giving them away, for some reason. You could buy and fix it up, with hopes to rent. But then you're renting to Blacks, who will promptly destroy it, making all of your effort a waste. Unless you're planning a drug house or criminal hideout, there's no winning there.

Country living vs city living, take your choice.
 
Last edited:
  • Horrifying
  • Informative
Reactions: Autistic Joe, gayberouse, Prune Tracy and 6 others
Cloacan said:
There's a house near me for sale that is a mostly burned-out shack. It is something like 300 square feet on probably a 1/4 acre plot. The roof is collapsing. It looks like it has been used as a toilet by homeless men for centuries. $60,000.

Meanwhile, I can pay $10 for a 2 story 2000 sq ft. home in a nearby Black area. They're practically giving them away, for some reason. You could buy and fix it up, with hopes to rent. But then you're renting to Blacks, who will promptly destroy it, making all of your effort a waste. Unless you're planning a drug house or criminal hideout, there's no winning there.

Country living vs city living, take your choice.
Click to expand...
Can you even rent out property like that? I've always imagined homes like that have "someone" living there already. I mean even black people don't buy houses like that probably because they know the people "using" that building don't want them there.
 
  • Thunk-Provoking
  • Like
Reactions: Justa Grata Honoria, Vyse Inglebard and Cloacan
EU: SLAVA UKRAINI, WE DON'T NEED YOUR STINKIN GAS, REEEEEEEEE
Putin: LOL, you think I'm just gonna stop at the gas?
1675953469510.png
 
  • Like
  • Informative
  • Thunk-Provoking
Reactions: Autistic Joe, Candlelight Desolation, NoReturn and 4 others
-Warning- I am an Autist on kiwi farms anything I say should not be taken as investing advise.

Noticed something about recessions and fed funds rate. Every time the fed raises rates the Market crashes. this is since the Dot Com crash but check out this chart, red is the fed interest rate, blue is the S&P.

https://en.macromicro.me/charts/91/interest-rate-sp500

I say in the thread about the CHAT AI bullshit Dan is predicting a market crash on the 15th of February. Bitsheckles have not been around in a Dot Com, or great financial crises scenario, so interesting to see if they don't shit the bed as well.

I been following Finance bread tubers since 2011, the Silver bro's the Realty Bro's The Bit Bro's, The Miner bro's, the Bond Bro's, The Hodl Bro's, the Day trading, Scalper Bro's. No one is right yet every one is right on a long enuff time line, have never been able to profit off the information, but I have avoided loosing money when others chased tulips. I just trying to understand the future, and the rate hike signals suggest we about to get a massive correction.

I really want feed back because I want to learn what is going on instead of taking a bread tubers Financial word as investing advise.
 
  • Informative
  • Thunk-Provoking
  • Feels
Reactions: Fascist Kirk (YouRWinner), Fascist Kirk (CG Safe Sp), Tzeentch and 10 others
Fascist Kirk said:
Noticed something about recessions and fed funds rate. Every time the fed raises rates the Market crashes.
Click to expand...
This is because the Fed raises the rates way too fast. They just cannot help but run from 0.25% to 5.0% and wonder why the whole thing is melting down. They started rate hikes immediately when Trump got into office and in 2019 liquidity went dry. These people are absolute fucking retards whom are entirely incapable of acknowledging that the markets require periods of stability as it gets used to the "new normal" of 2% or 4% or finally 6%. The Fed needed to get to 3% and let it sit there for a year or more before making a new sprint to 4% and letting it sit for a quarter or two. Instead they blindly rush forward and cause a catastrophe, mandating an instant drop back to 0% to save the economy.
 
  • Informative
  • Like
  • Agree
Reactions: Autistic Joe, NoReturn, Hubelublub and 5 others
This_is_fine.jpg.png


TLDW: In this super strong post-covid economy, Americans are down 1 trillion in spending power, with basically no amount of wage growth post-recession. Modern companies are fragile, and the economy cannot have healthy growth because the public and private debt-to-GDP ratio is too high. All this while the government has to increase spending, which in turn, causes the economy to become even weaker.

TLDR; IT'S OVER (in the strongest economy ever-er)

Article in video about debt-to-GDP ratio
 
  • Feels
  • Thunk-Provoking
  • Like
Reactions: Autistic Joe, Fascist Kirk, NoReturn and 7 others
Super Nemesis 64 said:
This_is_fine.jpg.png


TLDW: In this super strong post-covid economy, Americans are down 1 trillion in spending power, with basically no amount of wage growth post-recession. Modern companies are fragile, and the economy cannot have healthy growth because the public and private debt-to-GDP ratio is too high. All this while the government has to increase spending, which in turn, causes the economy to become even weaker.

TLDR; IT'S OVER (in the strongest economy ever-er)

Article in video about debt-to-GDP ratio
Click to expand...
I'm not sure if this is the case. Doing the math, my current salary is about 10% higher than what it would've been if it kept pace with inflation. Without powerleveling too much, this seems broadly true throughout my field of work since I've been looking for another job lately.

Retail is even more dramatic. Earlier today I saw a sign advertising $16/hr for new employees at the same grocery store chain I worked part-time at back in college (I was making the same per hour as a full-time employee BTW), which by the same metric is almost 65% higher than the inflation rate. Based on other grocery stores which are doing similar pay hikes compared to what they were in the early/mid-10s, that amounts to millions of Americans receiving a substantial increase in wages.
 
  • Informative
  • Like
  • Thunk-Provoking
Reactions: Autistic Joe, FunPosting101, name68126988 and 7 others
Was just watching a local steel and wire producer who is being interviewed regarding lack of talent in the labor pool. They then cut to some stats and charts indicating a decrease in the number of working age males and speculate it is due to a decline in physical and mental health. OK, I can definitely buy that. But then, they bring in some academic who pivots the argument to ACE. What's that you say? Some sort of degenerative disease from physical labor? Nope. It's Adverse Childhood Events, which encompasses your basic nigger/white trash upbringing: divorce, witnessing violence, blah blah blah - muh generational trauma.

Has nothing to do with having to bust your balls for a pittance and have your body break down at 40. Nope. It's a problem with the menfolk and their awful, terrible, no-good upbringing. Never mind those men who dutifully went back to work after returning from fighting a goddamn WAR.
 
  • Feels
  • Like
  • Agree
Reactions: Marchesa of the Vast, Autistic Joe, Instant_Pot_User and 26 others
Rome's rightful successor said:
Click to expand...
Pampered Degenerate said:
TL;DW pls.
Click to expand...
Vyse Inglebard said:
View attachment 4451324
Begun, the worldwide internet blackouts have. And then, not even 24 hours later....
View attachment 4451392
Really makes you have the big thunk. :thinking:
Click to expand...
Fascist Kirk said:
-Warning- I am an Autist on kiwi farms anything I say should not be taken as investing advise.

Noticed something about recessions and fed funds rate. Every time the fed raises rates the Market crashes. this is since the Dot Com crash but check out this chart, red is the fed interest rate, blue is the S&P.

https://en.macromicro.me/charts/91/interest-rate-sp500

I say in the thread about the CHAT AI bullshit Dan is predicting a market crash on the 15th of February. Bitsheckles have not been around in a Dot Com, or great financial crises scenario, so interesting to see if they don't shit the bed as well.

I been following Finance bread tubers since 2011, the Silver bro's the Realty Bro's The Bit Bro's, The Miner bro's, the Bond Bro's, The Hodl Bro's, the Day trading, Scalper Bro's. No one is right yet every one is right on a long enuff time line, have never been able to profit off the information, but I have avoided loosing money when others chased tulips. I just trying to understand the future, and the rate hike signals suggest we about to get a massive correction.

I really want feed back because I want to learn what is going on instead of taking a bread tubers Financial word as investing advise.
Click to expand...
[DOOM soundtrack intensifies in the background]
 
  • Feels
Reactions: CheepMeds and Vyse Inglebard
attractive_pneumonia said:
This is because the Fed raises the rates way too fast. They just cannot help but run from 0.25% to 5.0% and wonder why the whole thing is melting down. They started rate hikes immediately when Trump got into office and in 2019 liquidity went dry. These people are absolute fucking retards whom are entirely incapable of acknowledging that the markets require periods of stability as it gets used to the "new normal" of 2% or 4% or finally 6%. The Fed needed to get to 3% and let it sit there for a year or more before making a new sprint to 4% and letting it sit for a quarter or two. Instead they blindly rush forward and cause a catastrophe, mandating an instant drop back to 0% to save the economy.
Click to expand...
The boom-bust cycle is deliberate. It benefits the banks, the ultra-rich, politicians, at the expense of the middle class. The poor remain poor, stagnant, and barely notice a difference, but the middle class gets shoved downward. A strong and mobile middle class is terrifying to the banker and politician, because if middle class people with middle class values become upwardly mobile in large numbers, they might be able to gain some power and enact actual change. Change which would deflate extreme wealth and market manipulation.
 
  • Like
  • Optimistic
  • Feels
Reactions: Autistic Joe, madethistocomment, NoReturn and 14 others
Vyse Inglebard said:
View attachment 4657474
Prepare your asses, Britbongs: Fedcoin might be coming soon to your country.
Click to expand...
Sounds like the Bank of England is "solving" a problem that has long had a solution. It's called gold and silver. There's some very nice coins with Her Majesty's face on them (Charles III doesn't get his face on them until 2024). Be smart, buy them.
 
  • Like
  • Agree
Reactions: Autistic Joe, Whoopsie Daisy, NoReturn and 4 others
You must log in or register to reply here.
Back