Hold on to your butts.
I’ve been at Universal Studios Japan for the last 2 days. Based on the crowds and lines at every single merchant, it seems like all you have to do is expand USJ and you will print money
Comrade Donald Trump. No other communist has done so much damage to the American Capitalism® in such a short time. Bravo!
Head over to Reddit if you want to hear about how the Biden Depression is upon us
Head over to Reddit
yeah, no.
Biden Depression
I am in awe of the shear size of the stupid. trump has redirected the “soft landing” directly into the meat grinder.
Jerome Powell was never going to softly land anything. It was all a smoke screen while they sold stocks and shifted their assets so that the plebes and taxpayers end up holding the bag. As always.
Powell and Yellen should be in prison for the rest of their lives.
They likely banned or hid anyone who said otherwise.
I was banned for displaying, quote, “extreme indifference” about the fact that DJT nearly ate a bullet on live TV.
Lmao which sub is that? Conservative? Or conspiracy?
You know, r/politics. The “radical leftist echo chamber,” according to its most normal users.
When I left it was arguably a leftist echo chamber, but I wouldn’t be surprised if Democrats and liberals left en masse with the changes over the past year or two
You said “leftist.” What do Democrats and liberals have to do with anything?
Idk man. I have always lumped left / democrat / liberal together, and right / conservative together
Democrats in the US are centre-right. “Normal” Mitt Romney/GWB Republicans are far right. The current GOP is, without a drop of hyperbole, full-on fascist.
There is not any leftist political coalition to speak of in the US. Bernie Sanders is about as extreme as they come in the US- and he’s maybe center-left at his most extreme.
This crash has to be so bad that the next US President that even so much as hints at wanting to use tariffs for any purpose other than what they’re intended for, would be personally walked to the gallows.
This has happened once every 100 years or so. And each time it’s a complete disaster for the country.
Give it another 100 and history will just repeat itself again
I’d like to think we would have enough sense this time to setup a system to perpetually redistribe excess wealth
Say you don’t believe in extreme longevity without saying you don’t believe in extreme longevity 😁
“Next US president” is a hopeful prognostication. Trump seems intent on crashing the US economy into the side of a mountain
I heard a lot of conspiracy theories by now, that frankly portray mostly the same concepts in a pretty convincing manner, that say that this is exactly what they want to happen. And that’s pretty damn scary.
Basically a new world order where everyone is poor and the billionaires control the world as the new monarchs. They take the world not by violence but by systematically destroying the world economy and having enormous amounts of money themselves.
Pretty freaking scary if true, because all the steps are apparently working splendidly.
It’s for sure plausible.
Whenever a collapse happens, the rich get richer by buying up cheap assets, like houses and land.
And since corporations are immortal, these assets will forever be owned by them generations into the future.
It’s fiefdom, except that it’s much MUCH more stable over time given modern economies.
If and only if the corporations can maintain control of the government, which has the power to destroy them.
They’ve had total control for almost a century, so that’s fairly stable, but it still would only take a few motivated populists to wrest control.
So you mean the tariffs are hiked taxes on the poor?
/Well yes.
Lol, we are not even half a year in to his 4 year term, what do you mean “the next US President”?
Not even 3 months
Yup, that’s on Easter Sunday 1/4 of 1/4 the way through.
1/16th of the way done. My gawd. It feels like eight years already. This is gonna be a long wait, you guys. And it’s not gonna feel like it’s over when he’s gone, either.
I’m gonna celebrate on his death day, mark my words. It will be a party. Maybe a barbecue? Yeah.
What do you mean US? There’s a country left after this?
Yup. We implemented those after Black Monday in 1987, and other markets followed suit. We should absolutely expect the same thing in the US tomorrow morning.
I’ve never been rooting so hard for my own demise
Oh there’s a demise I’m rooting for, but it ain’t mine.
This isn’t necessarily going to affect the ultra rich who count on crashes like this to buy up real estate and assets in mass.
It’s practically a guaranteed win, a cheat code even .
If you’re ultra rich and wanna be ultra ultra rich, just setup a market collapse by acquiring power. And now you’re ultra-ultranrich, and the next one is even easier.
The undereducated masses are so easy to mislead they might as well not be a factor. It’s trivial to get the masses to fight amongst themselves by stirring the culture war pot with the near monopoly on media you and your buddies have bought. While you carry on class warfare unopposed
I wonder what a cage match between Trump and a locust from the Book of Revelation would look like.
Like an armored grasshopper humping a wet cheese puff?
Confident!
Yeah not dis guy ova hea 😟
This is going to be really interesting to watch unfold. I hope I keep my job until capitalism collapses
I lost mine on Thursday… I’m trying to think of it as a comedy of errors, but I admit, it stings a little.
Market go boom
Honestly, we’ve needed this crash since back when Obama was president, and we got a bunch of propped up corporations. They socialized the losses, so to speak.
Nobody I know in poverty is affected by stocks, so fuck them all.
Umm, that is very shortsighted.
Sure, a market crash means nothing to someone who doesn’t own stocks. But it means a lot to their workplace, food suppliers, electronics manufacturers, insurance company, healthcare provider, etc.
The poor always get screwed the most in economic collapses, they just get it second hand by prices going up, mass firing, rent going up, loans getting worse, and public services being cut.
It’s not very shortsighted, it’s quite long-sighted. Everything has been shit since the 2008 crash. Absolutely dog-shit garbage. Wages haven’t changed, everyone’s already in the hole.
I’d have loved a few more years of floating it, but the writing has been on the wall for some time now. It’s going to suck for everyone, I’m sure - but the market never corrected in 2008. It was going to happen some time or another - I’m just happy Republicans are going to be on the hook for it.
It’s going to take 10 years to come back from this - but I suspect in doing so, we’ll be in a better place in the long term. Last people who did this weren’t re-elected for damn near 20 years. We’ve all said this was the last gasp of a dying political party. It’s gonna suck, sure – but I’m hopeful for the future and the rebound it will cause.
On top of it all, I’ve been using it as leverage to fuck with every Trump voter I see in my shop.
This isn’t some bubble popping or realized losses, this is an entire political movement (Trump and Republicans) literally destroying the world economy. This isn’t just going to impact the US, but potentially hurt people in every country.
Its also in no way connected to 2008. What is going on here is independent of that and won’t be seen as a lesson to mistakes made in 2008.
So we need a crash today because, … checks notes …, the 2008 crash made everything to shit?
Wtf are you on? Is this some elaborate “it’s bidens/obamas fault” or something?
Sure sounds like wishful thinking.
I think the main reason we never fully recovered from 2008 was because of Mitch McConnell’s personal pet project, Citizens United, which handed full control of the government over to those who caused the problem in the first place.
I mean… I understand your point, but poor people will still suffer the most.
It’s true, the market is terrible, this collapse was obvious for so many reasons. Still, the poor will suffer the most from it, short and long term
If you know anyone over the age of 60 who has a retirement plan other than social security, you know someone who is affected by stocks. If the market stays down for a long time, many elderly people will not have enough money to live out their retirement. This will certainly impact millions of Americans. If you think it’s a small problem, you haven’t thought it through very well.
Also, the crash itself doesn’t make anyone’s life any better. We didn’t need the crash. We didn’t need the crash before. We needed to do things to make life better for the average American, and especially for poorer americans, and we still need that. Crashes don’t make that happen, and it’s wishful thinking to suggest that they will.
the crash itself doesn’t make anyone’s life any better
The monopoly guy has entered the chat
Nobody I know in poverty is affected by stocks, so fuck them all.
You probably know fewer than 20 people who live in poverty yet think you know everyone who’s poor?
I live in poverty but have a locked-in retirement fund from a former employer, invested in the stock market, that I cannot control.
It’s now down 12% since the Bloviator was elected.
You probably know fewer than 20 people who live in poverty yet think you know everyone who’s poor?
I’m surrounded by the dumb fucks in a deep red state in the country; nearly everyone I’ve ever interacted with my entire life lives in poverty. The fact that you have a RETIREMENT FUND AT ALL puts you well above that line.
You know what you can’t have when you’re in poverty? Retirement funds. Because it’s considered equity and you’re not allowed to have any in order to get government assistance. The only things exempt from that are your homesteaded house, and 2 cars (and only if both adults in the house are working!)
You know nothing. Stop thinking you do.
