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


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The debt ceiling is a purposefully engineered crisis that Congress wants so it can play chicken with the executive branch. Everyone knows it will be raised, and we have to listen to the same stupid story about the trillion dollar coin being deposited at the Fed every time this comes up. What is of interest is the course Congress will be taking, hard line to handle inflation or quick capitulation to it.
For all I rail against inflation and the money printer going BRRRR, the debt ceiling is the last thing I care about. It's now only a question of "billions or trillions?" It makes little difference.

I'm worried they won't make a deal by summer. Then the US defaulting would be squarely on the House GOPe, giving Dems the talking point of "they crashed the economy, not us!"

Which sounds like just the kind of thing the GOPe would do. They'd think intentionally blowing up the economy would somehow Own the Libs, or it would be sticking with Muh Principles (zombie Reaganism and being the Washington Generals to the Dems' Harlem Globetrotters).
 
For all I rail against inflation and the money printer going BRRRR, the debt ceiling is the last thing I care about. It's now only a question of "billions or trillions?" It makes little difference.

I'm worried they won't make a deal by summer. Then the US defaulting would be squarely on the House GOPe, giving Dems the talking point of "they crashed the economy, not us!"

Which sounds like just the kind of thing the GOPe would do. They'd think intentionally blowing up the economy would somehow Own the Libs, or it would be sticking with Muh Principles (zombie Reaganism and being the Washington Generals to the Dems' Harlem Globetrotters).
We're getting to the stage of having to choose between a deflationary depression and hyperinflation.

In a debt based monetary system, absent central bank intervention, deflation is baked in when malinvestment bubbles burst. Deflation means banking crisis, depositors losing their savings, share market collapses. It means a vast contraction in the money supply because money is debt.

In 2008 there was enough leeway to kick the can for another decade or so. Who could have figured? The problem seemed to vast, bad debt in the trillions, for central banks to blow even bigger bubbles to support the money supply. But turns out that almost all central banks and governments globally decided on the same policy framework, quantitative easing and zero interest rate policies. Likely the main motive behind the Covid response was to extend ZIRP and QE, given the signs of unravelling that were appearing in 2019.

Of course it can't and won't last forever and we've likely reached the end game. The usual response to monetary crisis, especially the size of this one, would be global war allowing for a debt re-set. This is impossible in the nuclear age. However things progress from here deflation, no matter how bad it gets, is infinitely preferable to hyperinflation, no contest. One means a really shitty decade the other risks societal collapse.

Anyway it is what it is. If you think deflation is coming hoard cash and buy into the stock market at pennies on the dollar. Hyperinflation buy canned goods, guns and gold, but especially guns.
 
If the price of gas spikes up, like it did last summer, it is going to get very bad. Energy costs are a major factor in the high inflation we are experiencing.

1.65 mill barrels a day gone.jpg
If more nations join in, we could easily have oil production cut by ~2 million barrels a day.
 

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MickyD's to close down their US offices briefly right before a layoff.
 
Honestly the way McD's and other fast food places let their quality* of food and service get horribly bad the past few years I'm glad to hear they're going to be firing people and maybe closing some locations.

*I know, it's fast food, but there should be some standards.
 
I'm lucky enough to be near a couple of McDonald's where the breakfast is still edible, but if push comes to shove, I'm all for a rattle.
 

MickyD's to close down their US offices briefly right before a layoff.
It's their own fault for forgetting what fast food should be; customer in, customer out, as quick as possible while offering food that is good quality but cheap to make.

Last year I went to Mcdonalds and went inside to order. There were touchscreens I had to use to fill my order out, to take a ticket to the counter to pay for the order, then stand and wait for that order. During the wait, i saw walk-ins (like me) drive-thru, park-and-order (on the app) online delivery orders through Ubereats and Deliveroo.

The 'order ready' screen was a mess, there were twice as many workers behind the counter as I have ever seen and yet the drive-thru queue was massive and the ubereats drivers were stood around in droves.

Mcdonalds allowed its customers to order in so many different ways that it has become a mess for them. There should be 3 and only 3 ways to buy food;

1) Walk-in. No touch screens or tech to slow things down, just normal wagies behind the counter.

2) Drive-thru. Drive up to the microphone, place your order, buy it, receive drive away

3) Online orders. Sit your arse at home and allow immigrants to somehow earn a decent living from delivering your food.

Lean the cook area, use data to predict who buys what when where (Most orders are repeat orders). Have a 'usual' button for the online orders. Ditch the tech, the QR codes, the app (except for online orders). Close down most stores to save on overheads like electricity (Who needs 3 mcdonalds in a square mile range?) and use the money saved to buy better quality ingredients.

On the ingredients front, Mcdonalds should structure their menu to be based around base ingredients. Have 10 or so ingredients and standardise that shit. A chicken strip wrap should not use a different strip to the chicken strip burger and stop all of this nonsense around 'world flavours of the month', or whatever it's called.

Mcdonalds have increased the number of staff while offering worse food at a higher price with a longer wait., all while driving customers away under the guise of better customer service.

Whoever is in charge needs sacking because a spergpost on an 'alt-right' (lol) forum has done more than they have.
 
Whoever is in charge needs sacking because a spergpost on an 'alt-right' (lol) forum has done more than they have.
This is the most american post imaginable. Complaining about the quality of fast food and telling a zillion dollar corporation how they can make even more money. Truly a sign of the times.
 
This is the most american post imaginable. Complaining about the quality of fast food and telling a zillion dollar corporation how they can make even more money. Truly a sign of the times.
I'm a Brit.

This isn't the first time that Mcdonalds have fallen on hard times in recent memory. Someone told them how to do it better.
 
Wait, isn't the UK surrounded by water? Is Rishi Sunak just trying to get everyone to start shitting on the street so he would feel like back at home?

 
Wait, isn't the UK surrounded by water? Is Rishi Sunak just trying to get everyone to start shitting on the street so he would feel like back at home?

Desalinating seawater on that scale would be very expensive and require a lot of energy. There's a reason California has to suck freshwater from the rest of the western states, despite being a coastal state.

Buy stock in Brawndo.
 
Wait, isn't the UK surrounded by water? Is Rishi Sunak just trying to get everyone to start shitting on the street so he would feel like back at home?

Weren´t dual flush toilets implemented to save water? Since you could do a small flush if you were pissing and big one only when you took a shit
 
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