/biz/ - Business & Finance

This world deserves it. It’s not like any of the crimes or intentions of the elite are even hidden. Nobody cares.

>>11086330
Thanks OP I love reading this shit.

I'm trying to find the video but it's a conference of this guy speaking and talking about how the crash won't make the world a wasteland. Everything is going to be the same more or less but everything will be on sale

>>11086480
I hope you find it.
2008 didn't, 2000 didn't, 1987 didn't but 1929 did, so I'd say that odds are the world won't become a wasteland.

Africa and China did well during the last recession.

We should have let the markets correct, even if it created a smoking crater. Who knows what we are in for this time...

>>11086532
China was different back then. Today's Chinese spend more, save less, and take on more debt. They want to be a first world capitalist economy, and so they will experience a downturn like one.

>>11086532
Going back to the great depression, what seemed to end it in America was precisely government intervention.

https://www.thebalance.com/the-great-depression-of-1929-3306033

Which is probably the reason that the Government is so eager to intervene today.

>>11086567
heh. The Great Depression lasted until the mid 50's boy-o. 30 years of government intervention did jack shit.

>>11086330

> Venezuela
> Argentina
> Brazil
> Turkey
> Mexico
> South Africa

Emerging markets are all bathing in blood at the moment. It is coming, but at which pace? Not sure. There seems to be a correlation where the markets collapse and then also Bitcoin volume spikes in those countries:

> https://coin.dance/volume/localbitcoins

The times that are coming won't be nice for anyone holding onto fiat.

>>11086577
it sure seemed to make a difference

>>11086672
What a fucking joke. You think that war that happened in the 40's didn't have any effect?

>>11086735
I do think it had effect, I just don't get what your claim that it "lasted until the mid 50's" is based on.

Fiat is your best best INITIALLY.

People need accepted currency when they lose jobs and see asset prices tumble. They sell everything, crypto, gold, real estate, etc. Fiat is you best investment until prices tank. Then gold, bitcoin, Chainlink, etc.

>>11086755
Because it did. It wasn't until the housing boom well into Eisenhower's presidency that the economy started to get back into gear.

>>11086824
what do you mean with
> the economy
house prices specifically?

>>11086777
>l*nk
what a waste of good trips

>>11086777
Trips of chainlink relevance

>>11086891
Housing construction and prices are indicators, as usual. I am talking about the general reinvestment of profit. That's what the 50's were all about. The 60's got too comfortable. The 70's was a collapse. The 80's was a rejection of the collapse in the 70's. The 90's were comfortable again. 00's collapse. Etc.

>>11086777
throw out chainlink and this advice is spot on

>>11086330
Too much corporate debt out their. They will all collapse and be absorbed by Jeff Bezos. Jeff will use economic control to elect himself world leader and use warehouse robots to enslave humanity.

>>11086330
A full economic collapse will never happen because there will always be optimists that buy at the bottom and forge a new future. It may not be better, and things will likely crash again, but the point is that the cycle wont ever stop.
/thread

The bubble is brick & morter retail debt. Malls & box stores are getting killed by the internet and won't be able to pay their debts.

>>11086908
>Doesn't know it only got trips of 7s no less, cause link was mentioned!

>>11086954
okay, so how does the $INDU increase without reinvestment of profit in the late 30's? yes, yes, war investments, but is not war part of the economy?

>>11087075
War didn't help out in Europe. Do you think that the millions of men who died in the 1910's didn't have any impact on the economy of the 1930's?

This recession is going to hit hard, but don't worry because it will be short. Our AI overlords will create the biggest bubble ever seen. Growth will not stop for 1,000's of years.

We are living in a slow motion apocalypse. We are in the midst of the sixth mass extinction in the four billion year history of life on earth. Last week we officially emitted enough carbon to permanently pass the 1.5C warming threshold. There are more slaves now than at any time in human history. Rich nations use debt as a weapon to force poor ones into indefinite servitude and extraction of resources. The earth is losing forest at a rate of 40 football fields every. Single. Minute. Within ten years we'll have run out of the fertilizers needed to prop up our unsustainable agriculture which btw is permanently ruining the world's topsoil and causing total ecosystem collapse all over the globe. The air we breathe, the food we eat, and the water we drink are all toxic. Water tables are drying up, and the water wars already started years ago. The infrastructure critical to our way of life is literally crumbling and there's no public money to pay for it, much less to replace the parts that will be fucked by warming. Pensions are totally fucked. Healthcare is fucked and costs will only rise further as people get sicker. Most jobs are fucked due to automation. Ubiquitous surveillance and social control are on the rise the world over. We're running out of room on earth to externalize the externalities of our extraction and consumption, and the chickens are coming home to roost.

The powers that be can probably reanimate this corpse of an economy one more time. But hard ecological limits are looming from every possible direction, and no amount of money can overcome them.

For those old enough to remember, did the crash in 2008 lead to a dramatic decrease in the price of everyday goods? Things like groceries, gas; restaurants, etc?

>>11087047
True for most things other than grocery stores and building supplies (lumber, sheet goods etc). I needed to buy some soldering supplies recently to meet a work deadline and was shocked at how hard it was to find a brick n' mortar store that had more than basic stuff within a 45 minute drive. Radio Shak would have been perfect but sadly the Shak is kill.

>>11087171
Where I lived gas prices went down to the price they were in the early 1990s.

>>11087169
I never liked the neo-malthusian hellscape. I prefer the god complex dystopia.

>>11087171
Reminder, oil crashed in July of 2008. The housing market didn't crash until Fall of 2008.

>>11087171
No, increases were minimal. The larger issue was people who lived paycheck to paycheck getting laid off and no longer having the means to do something as simple as buy a gallon of milk or put gas in their car.
People with liquid savings made out alright.

I wonder if preppers and silver stackers are mid life crisis cope.

>>11086567
We were still depressed by 1940 despite all the government intervention (gold confiscation, income taxes, new deal welfare programs) of the 1930s.

The US economy came back after we became involved in the war and it grew substantially after it ended as an export economy because Europe and Asia were in shambles.

>>11086777

Checked based and redpilled.

>>11086988
yup

Economic crashes don't happen for no reason, they don't happen just because "stock market is in the green for too long". They happen when there is a HUGE fuckup somehow.

>>11087300

Yes moreover you stole nearly 100 % of our technological knowledge after the war while we were leading in most fields

This gave you a market superiority but instead of investing it wisely you invented the most retarded financial system on earth and burnt the money within

After the next crisis you will have to sort that out by yourself...nothing to take of the other countries because everyone has already been dried out by you...

Nothing is safe if there is a total economic collapse

if you do plan on a crash and losing your job, stock up on your vices now. you can always get food from church or library charities, but you wont be as able to get a gallon of gutrot rum.

>>11086549
It’ll be even better. The bug people have a long history of splintering their empires into factions and murdering each other on masse when shit goes south. I’ve got popcorn on standby.

for the recession long MCD and WMT

>>11088306
>wmt, not amzn
Never going to make it

>>11087169

>muh global warming

and for your information, we need mass genocide of non-Aryans.

>>11087904

salty german dected. have you seen your economy's reliance on exports? have you seen your demographics? youre gonna get annexed by Poland. USA will be fine after a short but efficient racewar.

>>11086330
Nice thread, meme magic can make it so

>>11087122
How did you come to this conclusion?

>>11087169
>global warming
FUCK YOU SHAREBLUE ITS THE SUN

ITS SNOWING IN CANADA AND AFRICA FUCK YOUR C02 BULLSHIT

>>11089861
average temp rise =/= always hot

brainlet.jpg

>>11087171
Basic good stayed the same price, you only really noticed in stock and housing prices (house that are now 500k went for 375,k) and in the services industry (like someone fixing your porch )

Kill yourself you Manchildren commies
This is pathetic

>>11090179
>spot the bagholder fully leveraged into the stock market

>>11087904
As to why you went towards Russia instead of doubling down your efforts on the UK is beyond me. Thanks for doing that. I know I would never have existed if you didn't.

>>11086330
Collapses happen for one reason and one reason alone. Overproduction! Start looking for goods and services that are overhauling, pricey and dont have inherit value in them. Soon the working class wont be able to buy this shit up animoreand the capitalistic world will go down the drain once more. There is no escaping it.

I think the next financial domino will start and end with CDOs again, but this time based on corporate debt/bonds. If not CDOs then waning emerging market interest starting with China slowdown (maybe even book cookery in the mix).

Those are my guesses but as always you can't predict what will cause it, only that it will happen.

>>11090348
>Collapses happen for one reason and one reason alone
>what is shortage

okay

>>11090024
Good thing sea ice is increasing and the fucking monthly average temps are dropping you braindead Gov shill

>>11092059
Imagine being this retarded

>>11092673
Climate change is real goy. I'm gonna need all your scheckles and to estabish a world government. Then we'll really get to work on the issue. Scientists say we can drop emissions by 0.2% in 10 years. Now be a good slave and don't look at the numbers

>>11086532