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This Is The Second Great Depression

 
Anonymous Coward
User ID: 85892871
06/03/2023 07:06 AM
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Re: This Is The Second Great Depression
Or the first one never actually ended since we used debt to get out of it.
Anonymous Coward
User ID: 80628094
United States
06/03/2023 08:16 AM
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Re: This Is The Second Great Depression
You’re not supposed to say the D-word anymore, only the “R” word to keep the sheeple feeling safe and happy.
Anonymous Coward
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06/03/2023 08:48 AM
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Re: This Is The Second Great Depression
I like how he explained it so I'm sharing.
Anonymous Coward
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United States
06/03/2023 09:00 AM
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Re: This Is The Second Great Depression
No.

this is going to be much much worse
 Quoting: Anonymous Coward 72816159


A I is gonna put things like daily hororscop writers out of business A whole industry wipped out by A I.
Achduke7

User ID: 84047399
United States
06/03/2023 09:10 AM

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Re: This Is The Second Great Depression
Yes?
 Quoting: - Not Neo -


it will be the greater of the 2.
 Quoting: Anonymous Coward 83899610


The Greatest Depression?
Achduke
BrainGuy:Violated Posting Rule
White heteropatriarchal supremacist chemophob

User ID: 85919618
United States
06/03/2023 09:18 AM

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Re: This Is The Second Great Depression
Pastor Lindsey Williams said this would happen.

Oh my friends, get your pencils...




...
Oh, there's gonna be food, but you won't be able to afford it.

 Quoting: Swamprat


bullseye
---------------
Don't care.
Still voting Trump!
t5a
----------
Achduke7

User ID: 84047399
United States
06/03/2023 09:40 AM

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Re: This Is The Second Great Depression
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
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06/03/2023 10:24 AM
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Re: This Is The Second Great Depression
No.

this is going to be much much worse
 Quoting: Anonymous Coward 72816159


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
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06/03/2023 10:28 AM
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Re: This Is The Second Great Depression
No.

this is going to be much much worse
 Quoting: Anonymous Coward 72816159


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”.
 Quoting: Anonymous Coward 85922574


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.
Anonymous Coward
User ID: 85922607
06/03/2023 10:40 AM
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Re: This Is The Second Great Depression
What’s the matter?

Too many red pills for you dumb fuckers so now the thread ends?
Anonymous Coward
User ID: 85922652
06/03/2023 10:52 AM
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Re: This Is The Second Great Depression
No. We’re a long way off. Hyperinflation first. If we’re going to repeat history, won’t happen until 2029, 100th anniversary of The Great Depression.
 Quoting: Anonymous Coward 17639339


That number 29 seems to suck. I wonder what 1829 was like now.
Anonymous Coward
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06/03/2023 11:04 AM
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Re: This Is The Second Great Depression
People have argued that we've been in a depression since at least 2000. Wage and social mobility are mostly unheard of.

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.
 Quoting: Blenderizer


Those people are right. Slow slow collapse.
Anonymous Coward
User ID: 76062251
United States
06/03/2023 11:05 AM
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Re: This Is The Second Great Depression
Pastor Lindsey Williams said this would happen.

Oh my friends, get your pencils...




...
Oh, there's gonna be food, but you won't be able to afford it.

 Quoting: Swamprat


There will be flying cars.

There will be Cancer cures.

There will be Android houseSlaves.

BUT no one will own any money to buy it.
Anonymous Coward
User ID: 85922700
06/03/2023 11:06 AM
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Re: This Is The Second Great Depression
Yes?
 Quoting: - Not Neo -


With unemployment at 3.7%. Hardly
 Quoting: NDFarm


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.
 Quoting: Anonymous Coward 83899610


Ask that imbecile what the labor participation rate is.
Anonymous Coward
User ID: 85922700
06/03/2023 11:12 AM
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Re: This Is The Second Great Depression
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


:rere23:
Anonymous Coward
User ID: 85922761
06/03/2023 11:41 AM
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Re: This Is The Second Great Depression
Meanwhile....DJIA +700...Clown World is not amused with your injection of reality.

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.
 Quoting: pish


That stock market hasn’t reflected reality since Reagan was president.
Anonymous Coward
User ID: 84209669
United States
06/03/2023 11:47 AM
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Re: This Is The Second Great Depression
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)]
 Quoting: Ostria1


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.
Anonymous Coward
User ID: 79243061
United States
06/03/2023 11:49 AM
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Re: This Is The Second Great Depression
It's not even bad yet. But it will be.
 Quoting: Anonymous Coward 85903693


Many aren't even calling it a recession. But 'tards like OP do nothing but exaggerate and hype.
Anonymous Coward
User ID: 85922761
06/03/2023 11:50 AM
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Re: This Is The Second Great Depression
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)]
 Quoting: Ostria1


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
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Re: This Is The Second Great Depression
Absolutely, prices since 2019 are 300 percent on a lot of items. Wages are up about 6 percent from 2019.
Food stamps and other welfare is why it doesn't seem bad, but it's bad.
 Quoting: Anonymous Coward 84013109


:jay:
 Quoting: ^TrInItY^


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
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Re: This Is The Second Great Depression
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
 Quoting: Anonymous Coward 78988871


Look at the organized retail thefts. The thugs are needing money. They don't ask for work.
Anonymous Coward
User ID: 85755200
Belgium
06/03/2023 02:37 PM
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Re: This Is The Second Great Depression
No.

this is going to be much much worse
 Quoting: Anonymous Coward 72816159


Brought to you by heimdall, the pathological liar.

ahole
BRIEF

User ID: 79662918
United States
06/04/2023 04:05 AM

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Re: This Is The Second Great Depression
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?
 Quoting: Achduke7


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.

Briefcut4892
BRIEF

User ID: 79662918
United States
06/04/2023 04:08 AM

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Re: This Is The Second Great Depression
Absolutely, prices since 2019 are 300 percent on a lot of items. Wages are up about 6 percent from 2019.
Food stamps and other welfare is why it doesn't seem bad, but it's bad.
 Quoting: Anonymous Coward 84013109


jay
 Quoting: ^TrInItY^


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.
 Quoting: Anonymous Coward 85922834


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.

Briefcut4892
BRIEF

User ID: 79662918
United States
06/04/2023 04:09 AM

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Re: This Is The Second Great Depression
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
 Quoting: Anonymous Coward 78988871


Look at the organized retail thefts. The thugs are needing money. They don't ask for work.
 Quoting: Anonymous Coward 79243061


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.

Briefcut4892
InTheGLPHood

User ID: 85758933
United States
06/04/2023 12:24 PM

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Re: This Is The Second Great Depression
Closely followed by the Balkanization of America along ethnic lines just like every other multiethnic society ever.

Turns out this time IS NOT different and the Ruling Class is no more clever than previous ones.

pick
 Quoting: VegasRick


bump
- Not Neo -  (OP)

User ID: 78797943
United States
06/04/2023 12:26 PM
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Re: This Is The Second Great Depression
It's not even bad yet. But it will be.
 Quoting: Anonymous Coward 85903693


Many aren't even calling it a recession. But 'tards like OP do nothing but exaggerate and hype.
 Quoting: Anonymous Coward 79243061


What planet do you live on?

Richy rich and the xocksuckers are fine

The rest of us are fuxxxxed
BE FREE
Anonymous Coward
User ID: 85260781
United States
06/10/2023 01:06 PM
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Re: This Is The Second Great Depression
BbumpUbumpMbumpP





GLP