Hard Reset,

[Anonymous No.18013252]

/pol/ tourist here. Bear with me.

Is the prospect of the current bloated Western economy (most notably USA) going into a hard recession, not something that could contribute towards the fall of the current global economic infrastructure? After the damage caused by this virus, relationships between China and the USA (possibly others) will be undoubtedly be strained. I've heard of investors flocking to China in the past week, but if USA's economy were to collapse, would this not have a knock on effect to China?

I've been quarantining myself for several days. I have been drinking a lot of alcohol, as well as, consuming much weed. So, maybe this is just schizo babble. Is it? I'm reading it back an it sounds stupid as fuck. Anyway, please enlighten me in these darkest of times.

Anyway

[Anonymous No.18013279]

>>18013252
you are this boards cancer.

[Anonymous No.18013296]

They'll give handouts/gibs to calm you down, anything to preserve the status quo and avoid such reset.

[Anonymous No.18013361]

>>18013279
I sorry.

[Anonymous No.18013449]

>>18013361
/pol/ is for edgelords and faggots. You're with real based men now

[Anonymous No.18013602]

>>18013449

That's a pretty gay thing to post

[Anonymous No.18013696]

>/pol/

Stopped reading there.

[Anonymous No.18013753]

>>18013252
>/pol/
give this guy a watch, hes a bit of /pol/ and a bit of /biz/
https://www.youtube.com/watch?v=8QdHg09PsN0

[Anonymous No.18013991]

>>18013252
>would this not have a knock on effect to China?
Yes, it will have knock on effects on the whole world. But especially China started heavily investing in domestic trade in the last decade.

[Anonymous No.18014078]

>>18013252
First, stop going to /pol/, they're mostly idiots.
Second, you're right that it will contribute but the world economy has survived worse, largely because interests are largely shared in a stable world economy.
You're never going to see a hard reset in your lifetime because the world financial system isn't that fragile. It has pain points that can be exploited, for sure, but it still distributes its assets in a way where not everything is lost, dominoes-style, if one thing falls.

[Anonymous No.18014133]

>>18013252
>>/biz/thread/S15329753

[Anonymous No.18014390]

>>18013252
Being from /pol/ you're probably used to a lot of doomer rhetoric
But a rational approach to this question needs that you keep a relatively level head

The goldbugs are saying this is the next great depression, the stock boomers are saying whiplash recovery as soon as people crawl back out from their rocks

The main question though, is how big is the Federal reserve's balance sheet going to get after this
Nobody really knows the answer to that question and if they say they do they're dunning-krugering to you

If the Fed can provide liquidity and be the lender (and now more recently the BUYER) of last resort for long enough that this virus and recession can blow over, then maybe they can indeed begin unwinding the balance sheet for real this time around and MMT [modern monetary theory] will be a tested success


If they can't, then they will certainly either run up the balance sheet so high as to devalue the dollar, or they'll have to stop and simply be helpless in the face of a depression

No one knows however what will play out
If a treatment is found tomorrow, for instance, all your prepper plans are cancelled, and the govt will likely be able to stimulate the economy back to a point where we can finally start worrying about decreasing debt to GDP again (not like we will though lol)

[Anonymous No.18014657]

>>18014078
how dare you! I kinda agree

[Anonymous No.18014675]

>>18014390
and when is this whole student debt/ repo crisis going to kick in?

[Anonymous No.18014706]

>>18014078
just wait for boomers retiring and their pensions bankrupt us all
this crisis is going to kick it off

[Anonymous No.18014776]

>>18014675
When zoomers and millennials just stop paying for it out of apathy
I suspect, at the current rate, you’re going to see a gigantic grey cash market spring up around untracked income

[Anonymous No.18014806]

Market will be back humming by the end of summer. This is fear driven, that’s it.

[Anonymous No.18014850]

>>18013252
someone tell me how war between the usa and china is not inevitable
tell how this hasn't been apparent for decades

[Anonymous No.18014938]

>>18014850
The war with China has already begun. The propoganda machine has been running for years now, once the public is riled up enough we'll send in the tanks

[Anonymous No.18014970]

>>18014390
Even if the cure was found I think it would take at least a couple weeks before they have it finalized and implemented.

[Anonymous No.18015036]

>>18013252
>Bear with me
Way ahead of you OP...

[Anonymous No.18015126]

>>18014706
Boomers are owed fiat for their retirement funds. If the global economy moves on from using fiat the problem is solved. They choose economic gain at the expense of younger generation's futures, they can live (briefly) with the same done to them.

[Anonymous No.18016094]

>>18013252
>I have been drinking a lot of alcohol, as well as, consuming much weed.
You know those things in combination cause neurological damage right

[Anonymous No.18016127]

>>18013602
Shut up, bitch.

[Anonymous No.18016457]

>>18013252
Yes, the west is collapsing on itself. China and Russia are the ones winning now.

[Anonymous No.18016475]

>>18013279
>board's cancer
And no, that would be you—you illiterate clown.