Are you prepared for recession? - AKA 2008 Electric boogaloo

  • 🏰 The Fediverse is up. If you know, you know.
  • Want to keep track of this thread?
    Accounts can bookmark posts, watch threads for updates, and jump back to where you stopped reading.
    Create account
Glowie

Glowie

Threatened a lolcow with narcoterror.
True & Honest Fan
kiwifarms.net
Joined
Jan 25, 2020
I'll make this brief US federal reserve gave 5,4 inflation instead of usual 4%
To make things different from 2008, China is in financial crisis after clamp down on big tech, education sector and factories closing down en masse for one reason or another, mostly moving to other countries, their real estate bubble and floods that happen every other Tuesday that cause hundreds of billions in damages and leaves thousands displaced and homeless, making the economic situation even worse.

It's only a matter of time until 2008 hits globally.

Are you guys prepared?
 
Sort by date Sort by votes
@OP I think you mean "China is in a recession from Chairman Ji literally shitting a brick after finding out his country is just as faggoty as the rest of Asia" Biden being a geriatric tard and fucking up the US economy has more bearing on the Western world than my Nikes not being made with the delicate little hands only Chyna can provide.
 
Upvote 0 Downvote
For as long as I can remember, I've wanted to be an old-timey hobo, riding the rails, carrying all my possessions in a bindle slung over my shoulder, toes poking out of my tattered boots, while I use my wits to outsmart black-hearted train conductors and local constabulary officials. Good economic fortune has conspired to deprive me of my dream time and again. I would love nothing more than for a real recession to finally free me from my chains of comfort and excess and allow me to realize my true destiny.
 
Upvote 2 Downvote
ToroidalBoat said:
The 2008 recession ended?

:thinking:
Click to expand...
You're quite correct,things went from very shit to worse for a brief time. Like every not so salvageable, rebound is imminent when our benevolent overlords are living hippie culture, not just in US commies with big dreams, no borders, taxation and printing more and more fiat money that was backed by absolutely nothing.

Reving up that money print always worked companies buying debts of other companies always worked.
 
Upvote 0 Downvote
Glowie said:
You're quite correct,things went from very shit to worse for a brief time. Like every not so salvageable, rebound is imminent when our benevolent overlords are living hippie culture, not just in US commies with big dreams, no borders, taxation and printing more and more fiat money that was backed by absolutely nothing.

Reving up that money print always worked companies buying debts of other companies always worked.
Click to expand...

Do you actually own anything?
 
Upvote 0 Downvote
Thomas Highway said:
Do you actually own anything?
Click to expand...
When your own government could liquidate your assets or make them state owned with some bullshit pretense, no.

Millions of zoomers will have to live in USSR era kolkosh esque housing in half a decade or so. Chinese however aren't allowed to even have the illusion that they own something, land or homes

Mad Max this shit already or drop nukes. This left right left right cycle is tiresome
 
Last edited:
Upvote 0 Downvote
You must log in or register to reply here.
Back
Top Bottom