/biz/ - Business & Finance

>>17961724
I'm a Finn and my country went through a similar debt based bank recession that we're seeing now and it led to a 73% crash and while we saw up to 30% unemployment in some fields like construction, we didn't see any riots.
Then again we have a ton of unions and people can stay out of work for ages without getting absolutely fucked.
If we didn't have those union funds, things might have been quite different.
I don't exactly know how countries like the US handle unemployed people and how long they can stay out of work, but if things get even remotely fucky and they start running out of money, yeah I see it very possible that even normal people are going to take to the streets and start raiding stores.
Hell they were already nearly killing each other over toilet paper.
We might see martial law go into effect in the US for this very reason. I think they're already preparing for it.

Also the pension thing is one big factor in how people will react in the longer run even after the layoff based unrest has blown off.
We have seen riots in France over pensions already even before any drop.
You can only imagine how people will behave when they hear pensions will have to go through 60% cuts because the system is unsustainable after the market crash.

And I'm sure there's a lot of insider trading going on.
Any idiot that does it openly will get fucked in the future when the crisis has blown over and people start looking back for culprits.
It's fascinating to see if the government can pull a rabbit out of their hat to stop this fall, but I don't think there's any realistic way to stop this.
This isn't going to be a fast drop either. Will go on for a while just like our depression.