Global Depression Incoming

[Anonymous No.13103502]

We’re seeing the largest credit bubble in human history.

Empty shacks with no tenants and a mortgage, what could go wrong?

China’s economy is built on unsustainable growth and when that falls it’s taking the rest of the world with it.

Think about this.

When the US housing bubble popped, it took the world economy with it. What do you think would happen if that debt was almost five times as large?

That’s the Chinese debt bubble. It’s not a theoretical, that’s actually happening. The bubble will pop when China stops building ghost cities. Given they’re already 85 trillion dollars in debt from this alone, that will happen soon.

https://www.youtube.com/watch?v=XopSDJq6w8E

https://youtu.be/xcIIi7gsqjQ

[Anonymous No.13103527]

>>13103502
awesome then btc and eth will prevail after the retard jews fiat scheme fails

[Anonymous No.13103538]

>>13103527
Awesome then food and lead will prevail after the retard /biz/ crypto scheme fails.

Fixed.

[Anonymous No.13103693]

there is no collapse coming faggot

if our economy collapses we make up bullshit to get out of it and if any country wants to invalidate our bullshit then they get nuked. why do you retards really think this "inevitable statistical guaranteed numerable collapse" is going to happen? it is fear porn.

[Anonymous No.13103716]

>>13103693
What goes up lad must come down. Start preparing now.

[Anonymous No.13103724]

>>13103693

[Anonymous No.13103743]

>>13103724
dont mean shit

[Anonymous No.13103774]

>>13103716
There won't be a 2008 style collapse because the fed will buy up debt and print money, FOREVER

This is nothing less than a guarantee that there is no better place to put your money than into equities.

[Anonymous No.13104232]

>>13103774
Excuse me, which fed is buying who’s debt?

[Anonymous No.13104296]

>>13103774
Then inflation makes the dollar less valuable thereby making BTC more valuable

[Anonymous No.13104299]

>>13103774
>The Fed will buy up the debt
Are you actually this retarded?
Kek it will be worse than 2008

[Anonymous No.13104331]

There won’t be a collapse; the fed will inflate the shit out of the dollar to keep the ball rolling another 10 years.

[Anonymous No.13104387]

>>13103693
ther is no shtf cataclycismic collapse agreed

but there is a major correction coming, and because 'times are fucked" or "capitalism is broken" but because cycles of boom and bust are part of the system.
It's been 11 years since the last bust, debt levels are way higher now than at the time, interest rates are so low there is no wiggle room left.
China was a buffer for the last crisis, but the next one comes from China, which is garanteed to take most of Asia down with it.
Based on the aftermath of the 1997 Asian markets crash and how much these markets have grown their share of the global economy, you can expect a pretty gruesome bloodbath when it comes, i.e solid buy opportunities for those who time it right

[Anonymous No.13104392]

>>13104387
*and not because 'times are fucked"

[Anonymous No.13104397]

>>13103502
>Incoming
If the Jews announce that the recession is coming, then it's already here. Stay woke

[Anonymous No.13104420]

>>13103774
This
Also all the pension plans are balls deep in stocks so the gov can't allow 2008 again

[Anonymous No.13104430]

>>13103743
>Thinking those overpaid analyst women will fight in the trenches of a corporate banking war

Err no

[Anonymous No.13104441]

1781
1861
1941
2021

[Anonymous No.13104451]

>>13104420
The invisible hand always wins, Weimar proved you can’t print money infinitely.

[Anonymous No.13104579]

>>13104441
What the fuck are these? I’m a supposed to have your Nostradamus predictions on my wall?

[Anonymous No.13104687]

>>13104430
you think that money is going toward employee wages lol?

we got the best jets, best missile defense systems, best navy.

we can plant a aircraft carrier anywhere in the world within days, no other country compares. PLUS we have multiple other first world countries that do as we say, there is no country as strong as the US and its allies.

[Anonymous No.13104706]

>>13104579
I think it's a reference to the theory that there is major society upheaval roughly every 80 years (the average lifespan of a person, and the average length of the collective memory of how fucking stupid it is to start a world war)

[Anonymous No.13104762]

>>13104706
i dont think those dates reference anyone except america getting involved in a major war

[Anonymous No.13104767]

>>13104706
there will never be another world war. nukes changed that.

there may be world destruction by our own hands tho

[Anonymous No.13104812]

>>13104767
yeah because there are no wars rn and every country has nukes
are you fucking retarded?

[Anonymous No.13104843]

>>13104767
Lol why do you think the UN and EU try to denuclearize everyone? To be nice?

[Anonymous No.13104844]

boomer here. I dont get how everything hasnt already collapsed. The cost of almost everything has way outstripped inflation and wages are flat at best. My mom recently retired from a job that paid 100k/yr in today's money when she started at the age of 34 with a few years of work experience and a master's degree. Now her job (for the next person) is temp part time contract BS no benefits at 60k/yr phd preferred. lmao. Her first house was 114k in 1991. Less than 2x her gross. Same place (30 years older) is now 270k while a similarly new place would be 4-500k. Easy 6x gross. So whats the plan? Dont have kids, dont own a car, dont buy anything?

[Anonymous No.13104878]

Zoomer here. I don't see what the big deal is. I just bought a house and it will give me a place to sleep, to come home after work, to live my life. It has value to me, and why would i have any reason to sell it? I'll always need a place to live. If I was gonna sell I would just end up buying another house anyway, probably uprgrading actually, so it would be nice if prices dropped across the board. I really don't get what all the fuss is about

[Anonymous No.13104908]

>>13104812
>Implying rn are wars
Are you fucking kidding? Everyone is playing with 1% of his army power in the middle east and just shows of aka testing
out his newest shit

[Anonymous No.13105674]

>>13103774
t. crisis of the 3rd century AD in the Roman Empire

[Anonymous No.13105679]

>>13104441
ww3 2021
black swan event will precipitate the cascade

[Anonymous No.13105710]

>>13103693
Because an economy in a constant state of collapse is actually good for the state from a control perspective

[Anonymous No.13106216]

I'm 28
I have a decent job ( 60k )
I can't afford a house or a condo
I don't drive
I don't spend money on anything I don't absolutely need to survive
I don't go out
I don't date
I can't have children given the economic circumstances

Even my well off friends and family is feeling the squeeze, something is very wrong, the cracks are starting to show

Enjoy the Ride.

[Anonymous No.13106303]

>>13106216
>Even my well off friends and family is feeling the squeeze

Probably not living within their means.

[Anonymous No.13106324]

>>13106216
What the fuck are you doing I make like 15k a year in a 1st world euro country and I live better than you

[Anonymous No.13106384]

>>13106216
> Makes 60K
> Doesn't have a car or insurance payments
> Can't afford a house
Either move out of California, or stop doing cocaine.

[Anonymous No.13106481]

>>13104844
well people have only been working your typical 40hr a week jobs relatively recently in the grand scheme of history. when these structured jobs came out employers were paying an honest amount, thats why in the 50s you could afford a family on one person working. sure inflation has something to do with the change but I doubt it, its mainly a slow progression of reducing employee amount and maximizing their efficiency, too many people going to college, and outsourcing tons of jobs.

companies are greedy as shit and thats the reason people dont work places their entire life and tend to look elsewhere after a couple years.

best advice would be to create your own business. thats the only place in this world you will get paid depending on how hard you work.

[Anonymous No.13106554]

>>13104451
People were starving during Weimer.

[Anonymous No.13106938]

Real wage growth uncoupled from economic gain step by step as the labor forces participation in workers unions dissolved. But you know, convoluted right wing tax reform will explain to you why it is the lefts fault and not union dissolution that makes you poor. Keep getting cucked wagies

[Anonymous No.13106965]

>>13106384
Could be MA, RI, CT, NJ, or Maryland or Delaware (dont know their abbreviation cause who cares). A lot more states have become unlovable for real people.

[Anonymous No.13106985]

>>13106938
fuck off retard, the left hasn't given a shit about workers for 30 years, and they haven't even pretended to give a shit for the last 10

[Anonymous No.13107003]

>>13106985

Trump Derangement Syndrome is all the left has now.

[Anonymous No.13107005]

>>13104844
Yup all prices have outstripped inflation due to QE, ZIRP, and globalism. The crash is coming as boomers retire. 10,000 boomers retire per day

[Anonymous No.13107010]

Ah yes the left. Go on peanut brain tell us more of this left / right world you speak of.

[Anonymous No.13107014]

>>13106554
Yields are about 3x per square foot what they were during Weimar and the USA is a giant food exporter. It will not be famine in the USA rather some kind of property/asset price collapse

[Anonymous No.13107029]

>>13106985
>fuck off retard, the left hasn't given a shit about workers for 30 years,
>1990, when liberalism won and communism lost
Really makes you think

[Anonymous No.13107037]

>>13106985
That's his best comic

[Anonymous No.13107044]

>>13106985
Did i say the left supported the reform needed to bring the benefits of widespread labor union participation back into the economy? No i didn't, all I said was that the right would rather blame the left then support labor reform, and you just proved me right.

[Anonymous No.13107104]

I've read about China's debt problems, so hopefully I can somewhat elucidate it for /biz/.
- Society puts enormous pressure on young men to become property owners; if you don't have a house, then you're nothing and no woman will marry you. Families pool resources to purchase them properties just so they have the slightest chance at securing a woman and thus having kids.
- People often fail to acknowledge that China is still a communist state. Central planning still exists, although it's more behind-the-scenes now, and effectively managed through targets, quotas, implied threats and, if that all fails, direct government intervention. There is no distinction between public and private; state and individual.
- Most large companies and basically all 'mission-critical' companies (as decided top-down by the state) are effectively guaranteed by the government. What this does is gives such companies blanket powers and incentivises rampant speculation. If they fail, the government bails them out. Simple!
- Chinese people have the highest marginal propensity to save in the world: 40%. The state, through its banks, has a monopoly on these savings through wealth management products, offering decent rates of return and effectively guaranteed by the government. An ingenious method for reharvesting its peoples capital.
- China, while quite centralised, does give provinces a large amount of autonomy in certain areas, but demands they hit targets, of which the two overriding ones are growth and stability. The easiest way to achieve them is for provinces to support crooked monopolies and squash dissent. Furthermore, they have a strange method of cycling money around by 'loaning' large tracts of land to property developers, who then convert it to these ghost cities you see everywhere.

[Anonymous No.13107160]

>>13107104
That sounds like an obvious disaster. Give me the bullish interpretation. Why can we say "this time, it's different?"

[Anonymous No.13107270]

>>13107160
Well I'm pretty sure all the major players (e.g. Soros, Buffet) have been saying China is about to collapse for two decades now and have obviously been proven wrong. China is making huge geopolitical gains in SEA, Asia (building pipelines from Beijing to Pakistan's coast) and, of course, Africa. The state is heavily investing in surveillance and control technology (e.g. social score, CCTV with facial recognition, big data) and, given another decade or two, will effectively have total control over their citizenry. Total control means total collapse is, if not impossible, highly improbable.
Given that stability over everything is China's doctrine, you're more likely to witness a slow regression rather than a sudden collapse.

[Anonymous No.13107871]

>>13107270
Good analysis. In the back of my mind, too, is Adams law of slow moving disasters

[Anonymous No.13108682]

>>13104878
>prices drop across the board
>you now owe a $100,000 loan on a property that will sell for $14 and a loaf of bread
>you no longer have the option of moving without paying 2 mortgages
I hope you got a nice starter home Zoomer, its the home you will die in.

[Anonymous No.13108728]

>>13108682
Oh I am laughing

[Anonymous No.13109176]

>>13103502

You forgot that the Central Banks this time have enough Power and knowledge to avoid those crisis's , as you can see the ECB in Europe Crisis 2012 -2015 with greece , they made a Huge money umbrella to save up broken states. On the other side a lot of german banks are still in great danger because they are very deeply envolved in southern european states loans... the next bubble burst should be somewhere started in the EU this time .

[Anonymous No.13109184]

>>13109176
Cringed and bluepilled. They have no power to stop what’s coming. Literally none.

[Anonymous No.13110323]

bump

[Anonymous No.13110791]

>>13105674
Didn't you hear this time is different :-D

[Anonymous No.13110812]

>>13103693
>we make up bullshit to get out of it and if any country wants to invalidate our bullshit then they get nuked
Fucking kek

[Anonymous No.13110863]

>>13106965
Prob California. I live there and my situation is almost exactly the same (similar age too). Something is very off. A lot of my friends have lost jobs and can't find work recently. Rent has skyrocketed even in the past couple of years. A few of my friends are now homeless. Also there are homeless people showing up everywhere and camps are cropping up. Things are falling apart.

[Anonymous No.13110909]

>>13103716
Nice argument there nigger.
This economy will continue to go up and up. The economy won't collapse on its own though. It will collapse when a global shift happens. We could be in a 100 year bull run before things really go bad civil unrest style

[Anonymous No.13110918]

>>13104687

Moron.

https://www.wearethemighty.com/articles/that-time-a-marine-general-led-a-fictional-iran-against-the-us-military-and-won

[Anonymous No.13110925]

>>13110863
Californian here to, it's all fucked. I don't why most of our people still think this is the best state. A lot of them don't even know the huge homeless problem we are having or the other huge problems like illegal immigration or the Chinese from China buying up all the houses with their corrupt business money from china only to rent them out at high prices. I get the issue why people in our state are for the illegal immigrants, we want to help out immigrants and such. But the problem is most don't understand the economics and that it wasn't a problem before because not many people were doing it but now a shit ton of people are doing it and it is affecting our economy along with rich people moving their money over from Asia.

[Anonymous No.13110960]

>>13107104
So why should I sell my BABA?

[Anonymous No.13110982]

>>13103774
>no chance of default ever we’ll just print more
you forgot,
>but we cannot guarantee the purchasing power of that money
https://youtu.be/HxSLtC62RG0
for every dollar the fed prints, it furthermore devalues all other dollars in existence

[Anonymous No.13111051]

>>13109176
central banks will keep fucking up until they get rid of the humans

[Anonymous No.13111059]

>>13107104
Based and chinapilled

[Anonymous No.13111150]

>>13109176
lmao all central banks have ground down all their tools to keep the financial pyramid scheme from collapsing. namely, low interest rates. they pretty much can't go any further south. they also can't go up or all banks go bankrupt with their disappearing spreads. no way out of this one. it's game over for this financial system once the spark hits.

[Anonymous No.13111153]

>>13103743
That’s the biggest bubble of all them (military) you fucking faggot
In 08’ the recession basically killed the middle class, we just threw 10 trillions at it to fix it and didn’t work, it made things worse
This recession will completely wipe anyone that’s not rich. Hope all you faggots prepared yourselves

[Anonymous No.13111207]

>>13111153
What will we end up with after this one? Communism or German style turbo Fascism?

[Anonymous No.13111236]

>>13111153
What is the best option? Stay in cash?

[Anonymous No.13111243]

>>13111207
>Communism or German style turbo Fascism?
Two sides of the same coin which is technology. The technological state, the technological dictatorship, the technocracy, call it what you will.

[Anonymous No.13111729]

So fucking ready for this collapse.
Everyone is going to be fucked while I'll be comfy with my 20k LINK stack.

[Anonymous No.13111764]

>>13111236
Bitcoin you dropkick

[Anonymous No.13111821]

>>13106303
>what do you mean a chicken in every pot isn't enough?!

[Anonymous No.13111823]

>>13107104
This is more like the US than most want to believe

[Anonymous No.13111841]

>>13104844
Federal Reserve.
Our country died in 1913.
Can it be revived? -Maybe.

[Anonymous No.13111878]

>>13111729
LOL how will you be comfy with your garbage funding token?

[Anonymous No.13112079]

>>13111823
Except Americans literally don't know how to save money and won't spend within their means, even you put a gun to their head.

[Anonymous No.13112108]

>>13112079

because dollar value losses 10% per year

it's literally throwing away money not being in debt

[Anonymous No.13112140]

>>13103502
>China in debt

How does that work, when the US is in debt to them?

[Anonymous No.13112148]

>>13112079
"Within their means" is a constantly shifting goalpost. Most people aren't terrible with their money. Not saying American's couldn't significantly improve their spending habits with some careful budgeting, but what really fucks most people is compounding interests on shit they need but couldn't afford otherwise. Things like reliable cars, clothes that don't look like shit for work, household repairs, emergencies, etc... The "within their means" assumption is only valid if someone manages to break into a good career without somehow accruing debt and lives like a monk otherwise. If they can't accomplish that, then what's the point of being hyper-responsible and thrifty when being in debt will almost always lead to a higher quality of life, like >>13112108 said.

[Anonymous No.13112157]

>>13111729
>literally starving normies will buy my virtual shitcoin when a financial collapse happens
the absolute state of minimum wage zoomers all-in on scaml1nk

[Anonymous No.13112161]

>>13104441
WW1 is actually what fucked Europe. WW2 was just a side effect of the first war

[Anonymous No.13112562]

>>13112148
>Most people aren't terrible with their money

This, except the exact opposite. There’s a reason why so many live pay-check to pay-check. It may have something to do with the fact that they come in to work every day with a $10 sugary drink from Starbucks, spend another $10-$20 on snacks and lunch while at work, and then talk about the car they’re looking to upgrade to when the one they have now works perfectly fine and 3 years old.

[Anonymous No.13112570]

>>13112562
You fucking nigger, the problem is the hyperinflation that made a sandwich $12 in the first place

[Anonymous No.13112572]

>>13103502
Not me baby precious metals gang up in this bitch. I'm gonna buy 10 houses for 1 ounce of my precious silver thank you very much.

[Anonymous No.13112599]

>>13111729
What exactly is backing your LINK and why would anyone buy into it when they can't even make a mortgage payment?

[Anonymous No.13112602]

>>13112562
There are way to many people that do live like this but its a blanket argument. Rents in my area are far higher than they should be, bills are higher than they should be and so so many people are picking up second jobs just to get by and they certainly aren't the types to buy Starbucks 3 times a day. It is becoming all to common and competitive. Even people with great qualifications are needing a second job. There is certainly a problem that ridiculous globalization is causing.

[Anonymous No.13112609]

>>13103693

but zerohedge said

[Anonymous No.13112614]

>>13103724

considering that graph is a fractal there are a number of dates you could pick and create the meme chart

[Anonymous No.13112619]

>>13104844

houses are still cheap except in multicultural hellholes and work can be done remotely

[Anonymous No.13112637]

>muh happening

stay poor

[Anonymous No.13112664]

>>13110960
Keep it and buy more when it hits 90

[Anonymous No.13112678]

>>13103502
Hey fucktard, you know the world economies are collapsing due to the US pulling out of the global trade security. The US will be fine, anywhere else not so much. Germany and china will be devastated the most. I'll be chilling on my recliner watching the shitshow.

[Anonymous No.13112679]

>>13112619
>work can be done remotely
as an independent contractor so you can get fired at any time with no notice for a fraction of the on site job. and if it can be done by a pajeet guess whos getting the job?

kys boomer.

[Anonymous No.13112721]

When 2y/10y inverts we are fcked.

[Anonymous No.13112735]

>>13103502
>Global
Nope
Not when America is not at risk for a major housing bubble
Why didn't you guys deleverage after 2008?
Haha suckers

[Anonymous No.13113061]

>>13112721
3y/10y already inverted... arround the world its imitating us treasuries market

[Anonymous No.13113067]

>>13112735
Most ppl refinanced with credit cards after 2008, that shock on savings had them support their deficits with debt

[Anonymous No.13113079]

>>13112678
Holy shit, where were u back in 2008?! Mustve made millions

[Anonymous No.13113095]

What should a NEET invest in before the collapse?

I’m thinking food and petrol. What else? Not to get rich, but to survive somewhat comfy

[Anonymous No.13113181]

>>13112108
10%? Where did you get that number from? I thought it was 2%

[Anonymous No.13113197]

>>13104844
>So whats the plan? Dont have kids, dont own a car, dont buy anything?

That's exactly the plan, goy!

[Anonymous No.13113492]

ive been waiting for the collapse for a couple of years now and I’m getting really impatient. The funny thing is that most people/NPCs just think this is how things are supposed to be they just take it up the ass so fuck everyone I hope this country goes to hell.

[Anonymous No.13113765]

>>13113492
(((Economic cicle)))

[Anonymous No.13113779]

>>13113095
Short index funds i guess, otherwise gold

[Anonymous No.13114898]

>>13103774
>it's simple, we just print more paper
genius
you're safe

[Anonymous No.13115000]

>>13114898
Tbh he is somehow correct. More debt means more money and more money means more eco. Only thing which ruins the party is inflation, which nobody cares about.