Global Depression 2022 - Time to do the Breadline Boogaloo!

[wopirish]

Consider this added nugget:
Nationalizing the massive amounts of farmland China and Gates have bought up?

Thing is, I have no doubt in my mind that the government will go "We cannot let the third world starve."
As they send millions of pounds of food as food aid during a world wide famine.

Look at places like Haiti who are entirely dependent upon american rice supplied for essentially free. To the point where farmers are leaving the farms for cities because there was no point in working land when food imported was cheaper.

 

[FAQnews Correspondent]

Consider this added nugget:

One of the best weapons the government will have in stopping or slowing this implosion will be using the media to reassure consumers and, with any luck, slowly finding a least-painful way out of the economic death spiral.

Except... They spent the past 6 years destroying the media's credibility to spite Trump.

I know, lol NPCs programmed by CNN and all that, but when the shit really hits the fan and people start panic buying food, for example, will they be able to use CNN / MSNPC / Fox News / etc to convince people to stop? When that fails, what options do they have left? Rationing? Price controls? Nationalizing the massive amounts of farmland China and Gates have bought up?

Destroying the international economy and kick off worldwide food shortages to own the Orange Man. We love our governments, don't we folks?

 

[Raoul_Duke]

Destroying the international economy and kick off worldwide food shortages to own the Orange Man. We love our governments, don't we folks?

I love the lesson it provides on what to do to a government this stupid: FEDPOST LIKE THERE'S NO TOMORROW

 

[Zbk3VmLfujjzjxBd43tL]

Thing is, I have no doubt in my mind that the government will go "We cannot let the third world starve."
As they send millions of pounds of food as food aid during a world wide famine.

Look at places like Haiti who are entirely dependent upon american rice supplied for essentially free. To the point where farmers are leaving the farms for cities because there was no point in working land when food imported was cheaper.

One reason they do this is because these countries export cotton and other cash crops (usually to the countries that run the sweatshops). In the process of exporting the cotton/whatever, it's passing through the hands of wealthy international corporations and other people making bank off of global trade. Obviously, we cannot allow these people to suffer losses.

The other reason is of course stability. They can't have their dictator buddies looking bad when they machine gun a square of protestors, and they definitely can't have things like dictators being overthrown or a civil war happening, because that means they lose money and all they get from it is another rapefugee crisis (which they like too), but it's a mere consolation prize compared to getting to exploit and rule a country on behalf of your own corporate elite.

 

[Rei is shit]

Yemen has attacked a big saudi oil depot. Its been burning for over 15hrs now. Yemen promises more attacks on Saudi oil infrastructure.

 

[Stasi]

Yemen has attacked a big saudi oil depot. Its been burning for over 15hrs now. Yemen promises more attacks on Saudi oil infrastructure.
View attachment 3110490

It's alright, Russia will plug the gap in supply...oh wait no, we've sanctioned them. Shit.

I've been reading up on some history and came across something interesting, might have some analogues to the current global situation.

Henry VIII of England had arranged a marriage for his sister to the prince of Castile. This fell through and enraged the English effectively banned sale of wool to Netherlands (one of Castile's domains) in retaliation. They quickly realised this did much more harm to the domestic wool trade and English economy and had to send a delegation to Flanders to smooth over relations.

Western nations have a history of cutting off their nose to spite their face it seems.

 

[FAQnews Correspondent]

It's alright, Russia will plug the gap in supply...oh wait no, we've sanctioned them. Shit.

I've been reading up on some history and came across something interesting, might have some analogues to the current global situation.

Henry VIII of England had arranged a marriage for his sister to the prince of Castile. This fell through and enraged the English effectively banned sale of wool to Netherlands (one of Castile's domains) in retaliation. They quickly realised this did much more harm to the domestic wool trade and English economy and had to send a delegation to Flanders to smooth over relations.

Western nations have a history of cutting off their nose to spite their face it seems.

The difference is that that was a case of unintended consequences. Here, they're actively doing their best to fuck over the people they (fingers-crossed) promised to represent.

 

[DJ Grelle]

This is a great time to live in Belgium.

All wages are tied to the national "wage index" which follows the general level of inflation. Every two percent of inflation, people's wages rise with two percent.

 

[Stasi]

This is a great time to live in Belgium.

All wages are tied to the national "wage index" which follows the general level of inflation. Every two percent of inflation, people's wages rise with two percent.

Whatever you do don't look up the economic concept of the price/wage spiral.

 

[wopirish]

Whatever you do don't look up the economic concept of the price/wage spiral.

Kinda reminds me of the "shrinking markets" economic theory.

 

[DJ Grelle]

Whatever you do don't look up the economic concept of the price/wage spiral.

Yeah but wages in neighbouring countries stagnate. And belgium isn't that large, so driving to Aachen, germany or Lille, France to buy some expensive bulk products (like hygiene products) is worth it.

 

[Grand Wizard Wakka]

Here, they're actively doing their best to fuck over the people they (fingers-crossed) promised to represent.

They're not doing their best to fuck over the Jews though.

 

[Brazen Wanker]

Bruh, why would they fuck over their masters?

 

[HTTP Error 404]

So I guess the GME / AMC stocks went completely skitzo yesterday? There were WSB guys who were seeing sell orders trigger one after another for $300, $500, $2000. Apparently they shut it down when an order almost went through for $214,748.36. (Yes, that's 7FFFFFFF shifted over 2 decimal places. Literally the highest value the computer could calculate with a signed 32 bit integer.)

r/Superstonk - Liquidity is so dry that the only shares for sale were those by apes with sell limit orders for the maximum amount in Computershare!!! They halted trading to prevent those orders from from processing!!! Buckle Up and HODL!!! 🦍💎🙌🚀

6,381 votes and 476 comments so far on Reddit

www.reddit.com

This is without the WSB guys actively fucking with anything nor any known funds trying to short shit.

Just one more warning sign that something majorly fucked is about to happen.

Edit:

r/Superstonk - GME 100% Utilization - Day 36 via Ortex⏳🧨

8,380 votes and 85 comments so far on Reddit

www.reddit.com

Actually, I'm wrong! Apparently GME is at 100% shorted. Literally every piece of GME stock has been borrowed to short (bet that the price will go down). They can "find" (counterfeit) more stock if they want to keep shorting, but this is the situation that caused the huge clusterfuck last year.

Who had "stock market crash equivalent to the Great Recession" on their Biden Bingo card?

 

[Kane Lives]

So I guess the GME / AMC stocks went completely skitzo yesterday? There were WSB guys who were seeing sell orders trigger one after another for $300, $500, $2000. Apparently they shut it down when an order almost went through for $214,748.36. (Yes, that's 7FFFFFFF shifted over 2 decimal places. Literally the highest value the computer could calculate with a signed 32 bit integer.)

r/Superstonk - Liquidity is so dry that the only shares for sale were those by apes with sell limit orders for the maximum amount in Computershare!!! They halted trading to prevent those orders from from processing!!! Buckle Up and HODL!!! 🦍💎🙌🚀

6,381 votes and 476 comments so far on Reddit

www.reddit.com

This is without the WSB guys actively fucking with anything nor any known funds trying to short shit.

Just one more warning sign that something majorly fucked is about to happen.

Edit:

r/Superstonk - GME 100% Utilization - Day 36 via Ortex⏳🧨

8,380 votes and 85 comments so far on Reddit

www.reddit.com

Actually, I'm wrong! Apparently GME is at 100% shorted. Literally every piece of GME stock has been borrowed to short (bet that the price will go down). They can "find" (counterfeit) more stock if they want to keep shorting, but this is the situation that caused the huge clusterfuck last year.

Who had "stock market crash equivalent to the Great Recession" on their Biden Bingo card?

I don't know man, after last year's fiasco and blue balls of both GME and AMC, I feel like the clown music can keep playing as long as the funny man in the suit decrees it so. Evergrande was another big blue ball but the CCP probably forced the C-suite to fix the problem before it crashed everything.

 

[Blasterman]

@Irrational Exuberance
Just a reminder about this masterpiece:
https://youtube.com/watch?v=UrEUzKTt7j0

The Global Depression, including the Economic Depression, reminds me very much of the Great Depression of the early 20th century. You can find here more useful information about the Great Depression and comparing it specifically with the 2008 economic crisis.

Good video.

 

[HTTP Error 404]

I don't know man, after last year's fiasco and blue balls of both GME and AMC, I feel like the clown music can keep playing as long as the funny man in the suit decrees it so. Evergrande was another big blue ball but the CCP probably forced the C-suite to fix the problem before it crashed everything.

Hah, that's nothing. Did you hear what they did to protect Chinese banks from getting their dick caught in the Nickel markets? They fucked up and cost themselves billions and when the market came to pay, the banks just said no. So the markets shut down for weeks while they tried to figure out how to let China zoidberg out without destroying the entire London exchange.

In 50 years after this all is said and done some of this shit is going to be in history books. The goddamned WSB diamond hands Sinfest knockoff avatar is gonna be in history textbooks. What a time to be alive.

 

[Brazen Wanker]

Hah, that's nothing. Did you hear what they did to protect Chinese banks from getting their dick caught in the Nickel markets? They fucked up and cost themselves billions and when the market came to pay, the banks just said no. So the markets shut down for weeks while they tried to figure out how to let China zoidberg out without destroying the entire London exchange.

Do you have a link or some more info on this? I'd love to know more.

 

[HTTP Error 404]

Do you have a link or some more info on this? I'd love to know more.

Chinese nickel giant in LME nickel market meltdown gets financial lifeline from banks to meet $8 billion losses

The metals industry, financial regulators and Chinese officials have rushed to resolve a crisis in London’s nickel market, which remained on ice after an...

www.marketwatch.com

LME resumes nickel trading after Tsingshan lines up banks for funds

The agreement bookends an unprecedented short squeeze in the world’s nickel market, where prices soared from US$30,000 per ton to top US$100,000 over two tumultuous days in early March.

www.scmp.com

r/Superstonk - Chinese nickel giant in LME nickel market meltdown gets financial lifeline from banks to meet $8 billion losses. So Nickel was the Catalyst all Along. Good thing Trading is Still Suspended 🙃

259 votes and 27 comments so far on Reddit

www.reddit.com

r/Superstonk - LME CEO places blame on banks for nickel squeeze “Banks lobbied against efforts to increase transparency in metals markets… Chinese nickel tycoon holds short position of over 150K tons with only 30K tons held directly with the exchange

10,285 votes and 299 comments so far on Reddit

www.reddit.com

r/Superstonk - They just made an agreement to kickthe can. Unbelievable. They sold Nickel they didnt own and now get away with it until the price is manipulated back down. Corruption!

7,351 votes and 334 comments so far on Reddit

www.reddit.com

r/Superstonk - This is How the (Financial) World Ends

12,426 votes and 989 comments so far on Reddit

www.reddit.com

Edit: This shit is sovcit-explaining-the-law tier madness to me -- i.e., I don't really get it -- but it sounds like some huge bank in China tried to short the Nickel market when the war started, and instead of everything collapsing the price of Nickel went through the roof. (No fucking shit, but you'll be completely unsurprised to discover these were Chinamen doing this marvel of investment engineering.) And when it came time for them to pay their dues, they just refused. And since the LME Exchange is owned by CCP (literally, from what I understand), they shut down the entire Exchange for a while to figure out (read: browbeat the other funds and big investors) how to get the Chinese bank out of the mess they got themselves in, since they owed $8,000,000,000 USD. And that included them literally just agreeing to completely suspend the rules and let China hold onto the stock -- the stock that they literally don't own and doesn't actually exist, since it's a short -- until the price goes down enough that the Chinese bank won't owe either anything (cause CCP) or at least not enough to destroy the bank (unreasonable but not CCP tier fuckery).

This would be the equivalent of the entire stock market in the US being shut down for 2 weeks and then everyone being forced to ignore the fact that the Hedgies had overshorted the fuck out of GME until the GME price went down enough that they'd survive it. (Granted, the bullshit they did to deal with the GME situation wasn't much better.)

I also heard that there was some talk about literally resetting the board on the LME market during this, like "oh ok, we're just going to ignore everything that happened on Thursday, on Friday we'll open just like it was on Wednesday night." Not sure about the deets on that.

 

[rdrr]

So I guess the GME / AMC stocks went completely skitzo yesterday? There were WSB guys who were seeing sell orders trigger one after another for $300, $500, $2000. Apparently they shut it down when an order almost went through for $214,748.36. ...........................

AMC is doing alright. They whined during shut down, they only had so much money to stay open. Little guys had similar issue, but their voice was not amplified as AMC's was.

Been looking at their acquisitions, AMC. This year, 2022, they've been buying up properties, some current theatres, "Smaller guys". Those that did not deal with the shut down as well as others. Some good information, they just bought the Bow Tie chain's Annapolis, MD location, due to get changed over on a weekend it seems, and reopen as an AMC Theatre on the 18th of April. No idea if they are buying out other of the, "Bow Tie" chain, the entire chain, maybe also the Virginia locations, etc, however, the deal is done, they got Annapolis, and in a few weeks, rebranding.