Will the U.S. have a second Great Depression soon? The middle class is dead, Biden says he will double the minimum wage, Covid is showing no signs of going away.
What do you guys think?
What do you guys think?
Upcoming Economic Depression -
- Thread starter REMEMBERMKULTRA
- Start date
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Sustained Denial of Service attacks. Paid for botnet. Service will continue to be disrupted until I can contact other providers and arrange a fix.
but will we have a war?
Wage stagnation isn't helping anyone but the elites.
Conscription is how America will beat its obesity epidemic.
Financial depressions and wars tend to go hand in hand.
Recession, depression, deep deep shithole. Whatever it is, I know in my area inflation is picking up speed. I first noticed it back in October when meat prices started to jump, but when I went to Walmart today it was everything. Advil has nearly doubled in price.
I'm so fucking glad to be back in 2009.
I'm so fucking glad to be back in 2009.
It was worth destroying our economy to stop Covid...
I actually had a mobile app save my order from the last time I got food to get the same thing again, and it went up around 20 cents when it reloaded. Probably not a good sign to start noticing prices going up in real time like that.
It's possible that it goes both up and down. I see shit like that on Amazon all the time. When you can adjust prices in real time, it makes sense to make them as up to date as possible.
Things are definitely going to get a lot worse and probably more violent.
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- #12
It's not going to be a Depression in the way you're used to.
Both parties are completely on board with trillion dollar "bailouts", sending checks directly to people. This erodes the economy while simultaneously keeping it afloat. So you'll get all the usual sob stories about people losing their houses and jobs, but relatively few people actually will, compared to how a depression is supposed to go.
Both parties are completely on board with trillion dollar "bailouts", sending checks directly to people. This erodes the economy while simultaneously keeping it afloat. So you'll get all the usual sob stories about people losing their houses and jobs, but relatively few people actually will, compared to how a depression is supposed to go.
Small businesses are toast. If you work at one, start living like your next paycheck is your last. If you're ambitious, don't start anything brick-and-mortar for the foreseeable future. Either way: find a job that leverages your portable skills, where you can work without needing specific equipment tied down to a single place. Hone your skills to the point where you can conceivably work for yourself, if you get laid off. If you don't have those kinds of skills, start learning one.
The food inflation has been a real thing for years. Stock up on food now, 30 day supply at least, 60 if you can afford it. You don't need to go all prepper level, because stupid people at the top will step in and do stupid things to make sure you can still buy food. Keep 1 spare bottle of every medicine you use.
Don't buy crypto. It's too late, and it's next on the regulatory hit list. Use it only for short term payment transfers, like tipping some tokens to the Errverlerd.
Buy land. Take out a long term mortgage, if you think you have a job whose wages will scale with inflation. If you're booging out and getting a rural hideaway, make sure you aren't in a flood zone before paying for that "great deal on acreage".
Opt out of consumerism. Status symbols are dead, tech gadgets have stagnated, and the culture has nothing for you any more. Every dollar you spend on collectibles or plastic crap is a dollar you won't be able to leverage in the near future. Impulse buys are the death of your financial resources. Pick a streaming service or online game that gets you maximum entertainment for a flat fee, or just read a damn book.
Finally: remember that every depression represents an opportunity. Position yourself to make money out of the downturn. Hold cash to buy things that will be cheap, buy things now that will become scarce or expensive in the future. Guess what the rich will buy up (real estate), assume they will be earning and spending boatloads of money on that thing, and front-run that industry.
The food inflation has been a real thing for years. Stock up on food now, 30 day supply at least, 60 if you can afford it. You don't need to go all prepper level, because stupid people at the top will step in and do stupid things to make sure you can still buy food. Keep 1 spare bottle of every medicine you use.
Don't buy crypto. It's too late, and it's next on the regulatory hit list. Use it only for short term payment transfers, like tipping some tokens to the Errverlerd.
Buy land. Take out a long term mortgage, if you think you have a job whose wages will scale with inflation. If you're booging out and getting a rural hideaway, make sure you aren't in a flood zone before paying for that "great deal on acreage".
Opt out of consumerism. Status symbols are dead, tech gadgets have stagnated, and the culture has nothing for you any more. Every dollar you spend on collectibles or plastic crap is a dollar you won't be able to leverage in the near future. Impulse buys are the death of your financial resources. Pick a streaming service or online game that gets you maximum entertainment for a flat fee, or just read a damn book.
Finally: remember that every depression represents an opportunity. Position yourself to make money out of the downturn. Hold cash to buy things that will be cheap, buy things now that will become scarce or expensive in the future. Guess what the rich will buy up (real estate), assume they will be earning and spending boatloads of money on that thing, and front-run that industry.
NeroRisotto
kiwifarms.net
Now with added wokeness!
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- #14
Remember non-muricans, if our economy tanks, yours will soon follow.
These are in general great advices. A couple of things though,
1. Regarding crypto, what about Crypto that we get from clicking on advertisements? We're not paying cash out to get those, however small they are, and as you said, it is still a way to help the site out (at least until the inevitable repeal).
2. People who are angry at how the culture has abandoned them, especially the right, need to look very closely at all of the entertainment (including subscription services), fast food, restaurants, and food delivery services companies that have supported #BlackLivesMatter or #BLM. If they have, do not give them money. All entertainment from these companies must be solely used physical games, movies, TV shows, comics, etc. Never buy new, digital, or subscription services . Especially not subscription services like Netflix as that is where the worst wokeism efforts takes place (they allow Cuties of all things on there). In fact, piracy in that situation is morally acceptable because let's face it, companies like Nintendo, Disney, and Sony have millions, if not tens of millions of consumers that will buy their products in droves anyway. A few years wait won't kill you if you aren't an old fart.
Don't buy online subscription services from Nintendo, Microsoft, or Sony either. If you are still subscribed, make sure you are not renewed for the next cycle. Heck, cancel it all together. Steam and GOG have not yet to my knowledge virtue signaled for #BLM and are free online anyway, but still keep a blacklist of companies of those who virtue signaled as if it hasn't happened yet, it will foreshadow the company going full woke. Only buy from companies that do not support #BLM. Whenever or not you continue to support companies that do general virtue signaling is up to you.
Here's a list if people need help finding them. Keep in mind there are multiple lists like this around and it is not exhaustive,
Link / Archive
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Everyone out of work, businesses closing en masse, money printer go brrrrrr, $15 minimum wage, illegals pouring in through the border...
What could possibly go wrong?
What could possibly go wrong?
As a UK business owner, I'm ramping up efforts to appeal to UK customers now that Trump lost (I have customers across the globe). There won't be any customers of mine left once Biden's new taxes and changes have been put in place.
Lol Im so fucked!
If you want to protect your cash from inflation, what's better? Savings bonds? Gold? Putting more in your IRA?
Those things are whats called "systematic value goods"
They only hold value as long the system which gives them value is intact.
What matters in times of severe crisis is how many people you got on your side (political power), your skills, how good you are with dealing with people, your health and how prepared you are.
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