The US stock market is in the biggest bubble in history. The entire economy is at risk.
The US stock market is in the biggest bubble in history. The entire economy is at risk.
54 comments
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Sometimes I wish the housing market would finally crash, then I remember it won’t make my rent go down, it’ll just destroy everyone’s retirement funds
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It'll also all just get bought up by private equity.
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“Become a landlord” is going to become the next “learn to code” isn’t it?
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It always was, and i mean even way before the capitalism and coding. Even in ancient Rome the richest man was actually a slumlord.
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Not my Capitalism. No Bust, only Boom.
- : “Oh no no no. It’s boom for me, but bust for you! I’m sure you poors don’t MIND being poorer, after all!”
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The original meaning of the word "proletariat" was "those who only have their offspring", oh but porky gonna take that too and squeeze their last drop of blood into the profitgrinder.
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Okay...you asked for it
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I really like Ben Norton. He's one of the few people I support on Patreon because he's just so damned informative.
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yeah, he does excellent analysis
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It needs to hurry up and pop already. Looking forward to more Mario brother action.
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Hell yeah, the last burst caused China to accelerate it's development
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Maybe I should invest in China sooner rather than later...
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I feel like people have been saying this since 2016
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The Fed keeps pumping money in to prevent a crash. In doing so, they have been priming the economy for a depression era type crash, but they don't know what else to do. You can thank Obama. He could have bailed every day Americans out, and reset the economy in the process. But no, he saved his banking friends.
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It's kind of a game of hot potato. Nobody wants to be stuck with the big crash, so they use whatever tools they have to kick it down the road so it becomes a problem for the next admin. Thing is that you can't keep doing that indefinitely because the fundamentals continue to deteriorate. All that accomplishes is to ensure that the crash will be bigger and more profound when it hits.
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and the bubble's been getting bigger the whole 9 years
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People have been saying this for your entire lifetime.
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this can keep going until people liquidate their assets, its exactly like how cryptocurrencies still go strong even after thousands of scams, people keep pumping money into it and with stocks it happens that retirement plans go directly into pumping stocks.
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The economy has been at risk the entire time that's why they've been averting crisis after crisis for the past 15 years
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I mean there was a crash when the pandemic started, it just wasn't as severe as 2008.
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Fair point
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The Fed prints money. The wealthy get tax cuts and skate on taxes through low interest stock collateral loans and scams like fully forgiven PPP loans.
Wages remain perpetually stagnant for decades while inflation runs rampant, leaving the plebeians to pick up the tab for the Plutocracy/Kleptocracy.
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I make less than I did 20 years ago. The economy is already fucked.
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And the banks are suing the feds for their stress tests. I WONDER WHY?
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lmao totally a thing you do when there's nothing to worry about
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Pop pop pop pop
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I don't pretend to be an expert but am I wrong in my understanding that when the crash happens, it'll ripple all across the world because of how tied to the dollar the entire world is? That's basically what happened in 08, no?
The real question I'm asking is: is there anywhere in the world to put money where it'll be safe or at least less affected, to mitigate the inevitable crash?
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That will definitely be happening, and countries that rely heavily on trade with US will end up being dragged down with them. In general, I expect that BRICS countries will be better off while G7 ones will be worse off.
Amusingly, Russia might be the one country that's best prepared for this because of the forced decoupling with the west. China has also been working on creating a dual circulation economy. The strategy focuses on domestic market, or internal circulation, to adapt to an unstable international trade environment. https://chinapower.csis.org/china-covid-dual-circulation-economic-strategy/
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Housing I’d guess.
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I found a YouTube link in your post. Here are links to the same video on alternative frontends that protect your privacy:
54 comments