This Is The Second Great Depression | |
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Achduke7
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White heteropatriarchal supremacist chemophob User ID: 85919618 United States 06/03/2023 09:18 AM Report Abusive Post Report Copyright Violation | |
Achduke7
User ID: 84047399 United States 06/03/2023 09:40 AM Report Abusive Post Report Copyright Violation | The longer you delay in investing and saving, the longer it will take you to achieve financial freedom...There is a huge need for labor, and you can't have a depression with a high demand for labor. Quoting: BRIEF They killed the savings with 0% loans. Now they will kill the markets and investments along with it. In the end the prices will rise for things you absolutely need like food and energy. Everything else can go down in price which will kill most businesses and investments. Do you have a garden? Achduke |
Anonymous Coward User ID: 85922574 06/03/2023 10:24 AM Report Abusive Post Report Copyright Violation | It’s going to be much worse because we ain’t never getting out of this one. Rapester Clinton started this ball rolling by permafucking the housing market and giving a country that should’ve been destroyed and broken up into twenty different nations “favored trading status”. |
Anonymous Coward User ID: 85922599 06/03/2023 10:28 AM Report Abusive Post Report Copyright Violation | It’s going to be much worse because we ain’t never getting out of this one. Rapester Clinton started this ball rolling by permafucking the housing market and giving a country that should’ve been destroyed and broken up into twenty different nations “favored trading status”. The people from that nation are buying up property all over America, and they are not nice people. They only want to be around their own kind and want Americans out. |
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Anonymous Coward User ID: 85922700 06/03/2023 11:04 AM Report Abusive Post Report Copyright Violation | People have argued that we've been in a depression since at least 2000. Wage and social mobility are mostly unheard of. Quoting: Blenderizer They keep it all alive with more and more debt. Just rolling debt. The real rate of inflation is around 8.5% a year, and a lot more inflation goes into asset prices as banks pyramid loans off of treasury bonds. That means if your job increases at maybe 2% a year, you're still losing 6.5% a year from inflation. Unless you got all your money in stocks, then you have to risk getting periodically wiped out and if you bought late you're gonna take a big hit. Maybe it comes back. Maybe not. Those people are right. Slow slow collapse. |
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Anonymous Coward User ID: 85922700 06/03/2023 11:06 AM Report Abusive Post Report Copyright Violation | HAHAHAAHHAAHAH! You really believe that? No chance at all that number is carefully to include only those: 1. who are getting unemployment benefits 2. Had an interview for a job in the last 4 weeks. So the more people who give up in despair, the lower the U3 unemployment rate which is what you just quoted. Try the U6 figure if you want the truth. You just showed which it works to lie with statistics. Ask that imbecile what the labor participation rate is. |
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Anonymous Coward User ID: 85922761 06/03/2023 11:41 AM Report Abusive Post Report Copyright Violation | Meanwhile....DJIA +700...Clown World is not amused with your injection of reality. Quoting: pish The beatings will continue until they decide to actually crash everything. And then we all get to eat bugs in 2min cities with electric toilets or something...not sure, but was described as amazing. Will make a TikTok dance as soon as my brain chip is implanted. That stock market hasn’t reflected reality since Reagan was president. |
Anonymous Coward User ID: 84209669 United States 06/03/2023 11:47 AM Report Abusive Post Report Copyright Violation | Reverse depression. Last time the rich lost tons of cash. Middle class wiped. Poor lived the same basically. Now tbe rich are so flush they can enslave everyone else. Food is control. They own everything. Quoting: Anonymous Coward 84209669 Actually the super rich have lost a lot of money in just 3 years. the billionaires are bleeding elon musk, jeff bezos and other top earners have lost nearly 200 billion in 2022 [link to www.marketwatch.com (secure)] Wealth is never lost just transferred. That 200 billion you speak of didn’t go to the middle class. It just went to different sectors since tech boomed and pulled back. Bezos could lose 99% of his fortune and still have more money then 99.999% of the world. He’s just one man. The hedge funds likely shorted tech at the top and made a killing. Then they lend more to Bezos types to start another business and round and round it goes. The elite will never have a depression. The upper middle class is doing great also. I make 500k+ and most of my friends do as well and we all own multiple houses cars etc. No loans on them as we would never pay 6-8% interest. |
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Anonymous Coward User ID: 85922761 06/03/2023 11:50 AM Report Abusive Post Report Copyright Violation | Reverse depression. Last time the rich lost tons of cash. Middle class wiped. Poor lived the same basically. Now tbe rich are so flush they can enslave everyone else. Food is control. They own everything. Quoting: Anonymous Coward 84209669 Actually the super rich have lost a lot of money in just 3 years. the billionaires are bleeding elon musk, jeff bezos and other top earners have lost nearly 200 billion in 2022 [link to www.marketwatch.com (secure)] Tell us what percentage that is of their bloated wealth? Ever hear of having to crack good eggs to make an omelette? It’s an investment so everyone else can eat bugs and live in shanties in 2029. |
Anonymous Coward User ID: 85922834 06/03/2023 11:54 AM Report Abusive Post Report Copyright Violation | Absolutely, prices since 2019 are 300 percent on a lot of items. Wages are up about 6 percent from 2019. Quoting: Anonymous Coward 84013109 Food stamps and other welfare is why it doesn't seem bad, but it's bad. :jay: You should give that moron Brief a one month vacation from this place. Or at least own him so bad in a thread he won’t want to return for a month. He thinks the stock market is the be all end all for everyone. Not everyone can win in a casino. |
Anonymous Coward User ID: 79243061 United States 06/03/2023 12:08 PM Report Abusive Post Report Copyright Violation | The longer you delay in investing and saving, the longer it will take you to achieve financial freedom...There is a huge need for labor, and you can't have a depression with a high demand for labor. Quoting: BRIEF exactly. I have had not a single person come to my house asking to work for food. That went on during the depression. OP is a karen Look at the organized retail thefts. The thugs are needing money. They don't ask for work. |
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BRIEF
User ID: 79662918 United States 06/04/2023 04:05 AM Report Abusive Post Report Copyright Violation | The longer you delay in investing and saving, the longer it will take you to achieve financial freedom...There is a huge need for labor, and you can't have a depression with a high demand for labor. Quoting: BRIEF They killed the savings with 0% loans. Now they will kill the markets and investments along with it. In the end the prices will rise for things you absolutely need like food and energy. Everything else can go down in price which will kill most businesses and investments. Do you have a garden? Veggies are still too cheap to bother with a garden...I have heirloom seeds in cold storage, but I also have money...Gardens are a lot of work and little savings, unless it's your hobby... I never forgive and I never forget I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked. |
BRIEF
User ID: 79662918 United States 06/04/2023 04:08 AM Report Abusive Post Report Copyright Violation | Absolutely, prices since 2019 are 300 percent on a lot of items. Wages are up about 6 percent from 2019. Quoting: Anonymous Coward 84013109 Food stamps and other welfare is why it doesn't seem bad, but it's bad. You should give that moron Brief a one month vacation from this place. Or at least own him so bad in a thread he won’t want to return for a month. He thinks the stock market is the be all end all for everyone. Not everyone can win in a casino. It's only gambling if you don't know what you're doing...I teach, but you don't listen... I never forgive and I never forget I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked. |
BRIEF
User ID: 79662918 United States 06/04/2023 04:09 AM Report Abusive Post Report Copyright Violation | The longer you delay in investing and saving, the longer it will take you to achieve financial freedom...There is a huge need for labor, and you can't have a depression with a high demand for labor. Quoting: BRIEF exactly. I have had not a single person come to my house asking to work for food. That went on during the depression. OP is a karen Look at the organized retail thefts. The thugs are needing money. They don't ask for work. Look at their age. They will not live to see mine. I never forgive and I never forget I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked. |
InTheGLPHood
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- Not Neo -
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