Global Depression 2022 - Time to do the Breadline Boogaloo!

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Who is going to get hit the hardest?

  • North America

  • South America

  • Asia

  • Europe

  • Australia

  • Africa

  • The Middle East

  • Everyone's fucked

  • Nothing will happen

Results are only viewable after voting.
AncientPhosphur said:
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One of the things I don’t get is how China has massive food stores but it’s citizens are still almost starving. Granted they’re not allowing delivers due to covid lockdowns but it’s bizarre they didn’t at least plan ahead considering the mandates of testing of millions of residences twice a day.

And if China is still pulling covid lockdown shit in cities that’s going to make things worse down stream supply chain wise globally
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Historically China has liquidated tens of millions of their own people at least a hundred times in the last thousand years. The Chinese have absolutely zero regard for human life which is why it's so terrifying that western politicians seem really enamored with the CCP and their social credit system.
 
AncientPhosphur said:
View attachment 3160913

One of the things I don’t get is how China has massive food stores but it’s citizens are still almost starving. Granted they’re not allowing delivers due to covid lockdowns but it’s bizarre they didn’t at least plan ahead considering the mandates of testing of millions of residences twice a day.

And if China is still pulling covid lockdown shit in cities that’s going to make things worse down stream supply chain wise globally
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China's lockdown has very little to do with Covid. It's purpose is twofold:
1. Further destabilize the West by heightening the supply chain crunch by turning off major ports and production areas on a whim. Xi has been preparing for the shitstorm for some time while we're occupied with our own gay little cultural revolution presided over by a senile old man, his crew of incompetent sinecures and diversity hires at the behest of a bunch of perverted thieves.
2. Smash what's left of the Shanghai Clique of the CCP. While Xi has been successful in stifling internal dissent within the party, he fears the power of billionaire class of Shanghai and Shenzhen if they were to use their vast economic power as roadblocks to his long-term projects, some of which would mean a level of lowered economic growth and even possible contraction that is undesirable to the plutocrats.

What's interesting is how this is all a fairly long-term plan.
I'd like to point out someone very interesting, a low profile éminence grise by the name of Wang Huning, who has been a major influence on Chinese policy for the last 27 years, changing factions and allegiances like a chameleon, yet remaining an author of policy throughout. He's a former academic who went into politics, and his books are almost like a blueprint for the political trajectory of China since the late 90s. For this particular moment in history, I'd like to point out a book of his called "America Against America". Read it and you'll understand China's current policy towards its largest competitor.
 
Tsukasa Kayoda said:
Honest question: if the USD collapses and the power grid fails because, no money no work, what good will crypto do?
If the internet is inaccessible why would I want money I can't use?
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i said "and precious metal" in the very unlikely chance we're sent back to the middle ages like in revolution or some shit. if you're worried about the cyber pandemic just backup your stuff regularly and use oldschool backup tape if you're worried about tptb bugging your hardware like snowden leaked the nsa doing
 
Realistically if the USD collapsed, your crypto won't have much value since everyone will be selling it to pay for shit. It's also going to take hit after hit as the USD collapses, meaning that if you buy $50K of it now, it very likely won't be worth $50K then (and no, it won't be worth more either). But if you buy 50K worth of gold and silver, it would be very unlikely for it to be worth less than $40K (too much inherent value) and very possible it's worth even more than $50K (especially if you bought silver since that's undervalued).
 
Save the Loli said:
Realistically if the USD collapsed, your crypto won't have much value since everyone will be selling it to pay for shit. It's also going to take hit after hit as the USD collapses, meaning that if you buy $50K of it now, it very likely won't be worth $50K then (and no, it won't be worth more either).
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nah, people will buy crypto to protect their savings just like with precious metal
 
Tsukasa Kayoda said:
Honest question: if the USD collapses and the power grid fails because, no money no work, what good will crypto do?
If the internet is inaccessible why would I want money I can't use?
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You're talking to a cultist. Crypto's benefits reside in its neutral status, not beholden to any financial system or national laws and ability to simplify transactions. Absolutely none of this makes it a store of value, even if Bitcoin does have a finite amount of tokens it doesn't mean the value of these are fixed into an upward trend. As @Save the Loli points out, people will be cashing out into more immediate liquid assets when times get tough which will drive crypto into the dirt. Bitcoin and all of the shitcoins ate dirt back in Feb-March 2020 during the covid panic sell off, if anything it fell harder and faster than the regular stock market.

The only things of value is physical commodities because it can be converted into manufactured goods. Silver, Copper, Gold, and other metals store reasonably well if you take precautions, even if you don't plan on selling the bar of copper you could pound it with a hammer into a kettle or plate with some effort. In a collapse situation like Weimar Germany everything becomes localized, having the ability to buy shit in China with your internet tokens is useless because you cannot get it to you with any sort of guarantee.
 
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ddw said:
nah, people will buy crypto to protect their savings just like with precious metal
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The high price of crypto is because people hoard it and speculate on its value. Because it still has limited acceptance, its actual value is at best far less. If it isn't one of the more well-known assets like BTC or ETH, the value is entirely speculative. People will dump that shit to buy a better known cryptocurrency like BTC, and then dump BTC to buy whatever they can, be it a wallet full of trillion dollar bills or actual money (precious metal). Ergo, the price goes way down and you've totally wasted your investment.

That's the stage I'd expect the government to try making their own cryptocurrency i.e. Fedcoin to further enslave us. They will NEVER let a decentralized cryptocurrency be circulated freely at the expense of a national currency. They'll make it as hard as possible to live in society and only use cryptocurrency.
attractive_pneumonia said:
Bitcoin and all of the shitcoins ate dirt back in Feb-March 2020 during the covid panic sell off, if anything it fell harder and faster than the regular stock market.
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It also happened in February-March 2022 because Russians (and maybe Ukrainians?) were doing a major sell-off.
 
Save the Loli said:
(especially if you bought silver since that's undervalued).
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Silver, the metal with a 20% premium on generics and a 50+% premium on Eagles, is undervalued.

Quit reading Reddit and /pmg/ and realize you are pumping their bags. Even the most hardcore silver stackers have hit the brakes on buying since the prices have become so retarded.
 
attractive_pneumonia said:
As @Save the Loli points out, people will be cashing out into more immediate liquid assets when times get tough which will drive crypto into the dirt. Bitcoin and all of the shitcoins ate dirt back in Feb-March 2020 during the covid panic sell off, if anything it fell harder and faster than the regular stock market.
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crypto was a much smaller market back then. plus those were different conditions
The only things of value is physical commodities because it can be converted into manufactured goods. Silver, Copper, Gold, and other metals store reasonably well if you take precautions, even if you don't plan on selling the bar of copper you could pound it with a hammer into a kettle or plate with some effort.
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ok but that's really only relevant in an apocalyptic scenario
In a collapse situation like Weimar Germany everything becomes localized, having the ability to buy shit in China with your internet tokens is useless because you cannot get it to you with any sort of guarantee.
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and how is this a point against crypto
 
Save the Loli said:
Realistically if the USD collapsed, your crypto won't have much value since everyone will be selling it to pay for shit. It's also going to take hit after hit as the USD collapses, meaning that if you buy $50K of it now, it very likely won't be worth $50K then (and no, it won't be worth more either). But if you buy 50K worth of gold and silver, it would be very unlikely for it to be worth less than $40K (too much inherent value) and very possible it's worth even more than $50K (especially if you bought silver since that's undervalued).
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...

Oh god, Gold and Silver are analogue crypto, aren't they?
 
CreamyHerman’s said:
https://thehill.com/opinion/interna...witnessing-the-beginning-of-de-dollarization/

Is it over for us dollarbros?
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The US forgot about Russias ultimate weapon
steamuserimages-a.akamaihd.net.jpeg
 
HTTP Error 404 said:
Checked meat prices.

I was in the cheap store. NOTHING was under $6 a pound. Didn't think to look for Chicken Breasts.

A few months ago, the same $6 a pound meat was $2.50-$3 a pound.
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How are eggs looking? I've been using a lot of those mixed with some inexpensive sausage meat to compensate for not being able to eat as much protein as I otherwise would. But even those have been going up recent, from $2 to $3 or more per carton.
 
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