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Forum » Who thinks the economy is going to implode?
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Thread: Who thinks the economy is going to implode?

post 1699276763 03-16-2024, 07:33 AM
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#1
  1. GreatReset1
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Who thinks the economy is going to implode?

Inflation is not cooling.

35Trillion in debt.. more like 100 trillion when you factor ponzi scheme SSI.

More people are living paycheck to paycheck and have increased credit card debts to never before seen amounts.

No one can afford to buy a house anymore.

More people are choosing not to work then anytime in history.

12+ million illegals have come over the border.


I think end of 2024 is going to massive layoffs in all sectors.. retail will be hit hard. Great Depression 2.0 is coming.

All thanks to Biden Supporters and Leftists ruining this great country.

Just go over to Reddit Lay-offs and read all the posts. They all voted for this. They deserve this.

Biden's America.
post 1699276803 03-16-2024, 07:34 AM
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ww3 about to begin
post 1699276883 03-16-2024, 07:36 AM
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The housing market is cooling down in a big way. They kept the economy running on fumes for a while, but the wheels finally seem to be falling off.
post 1699276963 03-16-2024, 07:39 AM
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I don't think like 80% of the population works anymore. I go out during the day every day and all the places are full and lines everywhere.
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post 1699277283 03-16-2024, 07:47 AM
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Try living in Australia. Housing market is ****d.
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post 1699277403 03-16-2024, 07:50 AM
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Nah.

The economy has been imploding since 9/11. It's been a gentle spiral downwards ever since then.

You just haven't noticed because tech is getting better, but your quality of life versus time spent working is steadily getting ground down.
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post 1699277743 03-16-2024, 07:57 AM
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Tempted to neg for spreading fud
Monster0ultra self proclaimed "Chad" face pic looks like vtech school shooter: https://i.imgur.com/z2m6Why.jpg
post 1699277963 03-16-2024, 08:01 AM
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said it before ill say it again: its gonna get way fukking worse & theres gonna be a huge divide between the have's & the have-not's which is gonna exponentially accelerate decay of the middle & lower-classes.
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post 1699278123 03-16-2024, 08:05 AM
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Originally Posted By TugOfPeace⏩
Tempted to neg for spreading fud
You are delusional if you think things are going well.
post 1699278233 03-16-2024, 08:07 AM
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Originally Posted By GreatReset1⏩
You are delusional if you think things are going well.
And you're not smart for spamming the same garbage for years on end hoping that one day you'll get it right.

I'm in a recession proof industry so I dont give a fuk
Monster0ultra self proclaimed "Chad" face pic looks like vtech school shooter: https://i.imgur.com/z2m6Why.jpg
post 1699278343 03-16-2024, 08:10 AM
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It's not gonna implode, it'll just get slowly worse on lower classes. We were living in good times right before COVID, still ok right now since wages have gone up and some of us have managed inflation. Anyone who got a house circa 2020 or before is sitting pretty right now, those who didn't are fooked.
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post 1699278413 03-16-2024, 08:11 AM
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Originally Posted By friesbruh⏩
said it before ill say it again: its gonna get way fukking worse & theres gonna be a huge divide between the have's & the have-not's which is gonna exponentially accelerate decay of the middle & lower-classes.
It seems like everyone made it. Everyone is rich now and living like a celeb from what I'm seeing. Just go out in your metro during the day and you'll see nobody is working yet spending like it's 1999

To be doing this you'd have to be very wealthy
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post 1699278443 03-16-2024, 08:11 AM
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Originally Posted By -JR⏩
It's not gonna implode, it'll just get slowly worse on lower classes. We were living in good times right before COVID, still ok right now since wages have gone up and some of us have managed inflation. Anyone who got a house circa 2020 or before is sitting pretty right now, those who didn't are fooked.
People who didnt buy in 2020 are not "fooked" unless they're poor and/or stupid with their money
Monster0ultra self proclaimed "Chad" face pic looks like vtech school shooter: https://i.imgur.com/z2m6Why.jpg
post 1699278843 03-16-2024, 08:21 AM
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Is gunna get us to this point:





"Boss not feel good please use sick day" - low IQ tranny.

"Send him to Phaggy_Cholo"
post 1699279283 03-16-2024, 08:33 AM
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once you
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post 1699280013 03-16-2024, 08:51 AM
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This is a unique point in history... we can't say how it's going to go.

-Humanity's population has NEVER declined for like a century straight. Not once in like 10,000 years. But that's the road we are on now.
-Humanity has NEVER had every nation on Earth use fiat currency simultaneously before.
-Humanity has NEVER had every nation on Earth be debt-trapped simultaneously before.

So who's debt trapped when everyone's debt trapped? How's the economy supposed to grow when humanity itself is shrinking?

I don't have the phucking answers. No one does.

On paper, the US is locked into an inflationary death spiral. It's just mathematical. They make $4.5T a year, they spend $7T, and they already owe $34T. Their economy has sub-3% real growth for the last 20 years, there are no prospects for materially higher future growth, no leaders have advanced plans to cut spending, and the treasury is very comfortable monetizing debt. Inflation is how they will have to keep making payments.

But when EVERY country is looking at inflating away their unpayable debt... then what happens.

I think it's either going to be a world debt jubilee in 20-50 years, which would be one of the most momentous events in history. Or all the weaker countries just collapse faster than America and we steal all their marbles. As the saying goes, you don't outrun the bear by being faster than the bear, you just need to be faster than your buddy.
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post 1699280423 03-16-2024, 09:00 AM
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its all an orchestrated collapse. Wont be sudden but gradual, been going on for years

Every Western nation is declining rapidly. Inflation is out of control and hiking interest rates has not done anything (stagflation). Massive immigration. Huge debt to GDP ratios


Its game over if you make less than 100k a year realistically
post 1699280513 03-16-2024, 09:02 AM
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post 1699280523 03-16-2024, 09:02 AM
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Originally Posted By TugOfPeace⏩
People who didnt buy in 2020 are not "fooked" unless they're poor and/or stupid with their money
Housing prices have increased 50% since then, add to the fact that interest rates have ballooned. I'm in a generally decent COL area in the Midwest, not some coastal area. Even if I had a down payment ready to go, the payments now vs just a few years ago are fukking nuts. I've increased my pay and could make it work, but have you run the math on median income vs housing lol? We're gonna have a generation that's probably going to forego the whole deal.
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post 1699281053 03-16-2024, 09:13 AM
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#20
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Originally Posted By -JR⏩
Housing prices have increased 50% since then, add to the fact that interest rates have ballooned. I'm in a generally decent COL area in the Midwest, not some coastal area. Even if I had a down payment ready to go, the payments now vs just a few years ago are fukking nuts. I've increased my pay and could make it work, but have you run the math on median income vs housing lol? We're gonna have a generation that's probably going to forego the whole deal.
Live cheap for a couple years, stack cash, and make a larger downpayment.

We've been living under 0% interest rates for years, rates going up isn't surprising.

I'm a hardcore Trump supporter too so I'm not saying this in defense of Biden or anything.

Globalists will get what they want. Regardless of whoever is in office, they have too much influence now. All you can do is maneuver around it. Sitting around crying about it on a forum isn't going to help.
Monster0ultra self proclaimed "Chad" face pic looks like vtech school shooter: https://i.imgur.com/z2m6Why.jpg
post 1699281263 03-16-2024, 09:18 AM
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Ain't shiit happening in an election year, keep dreaming doomers
post 1699281553 03-16-2024, 09:24 AM
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Only for people without a stable mortgage. Everyone else will be 5 people to a 3 br rental for 4500/mo
post 1699281833 03-16-2024, 09:31 AM
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8+ year car payments, dealers will drive "new" cars X amount of miles so they can be considered used, then mark them up $10-15k

Crippling student debt

Insane house prices because 2 corporations are flipping them

A fast food meal costs $20

Wage stagnation



...and the average (or median, can't remember) income is still $35k.
post 1699282033 03-16-2024, 09:35 AM
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BRB having nightmares of getting made redundant whilst having a 1 million dollar loan for a house in a ****ty suburb, that i barely paid off due to interest.
post 1699282123 03-16-2024, 09:38 AM
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do they want us to demand socialism for housing?
post 1699282213 03-16-2024, 09:40 AM
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Originally Posted By TugOfPeace⏩
Live cheap for a couple years, stack cash, and make a larger downpayment.

We've been living under 0% interest rates for years, rates going up isn't surprising.

I'm a hardcore Trump supporter too so I'm not saying this in defense of Biden or anything.

Globalists will get what they want. Whoever is in office, they have too much influence now. All you can do is maneuver around it. Sitting around crying about it on a forum isn't going to help.
Yeah interest rates weren't a huge surprise. I personally was in no position to get a house then unfortunately.

I ain't sitting around crying, just acknowledging the facts. Honestly whoever is in the oval office has almost zero bearing on day to day decisions, nor do they have as much power on our lives as we do ourselves. The fear rhetoric has worn thin for me, especially as I've personally increased my QOL. There's so much we can do ourselves, I'll agree to that.
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post 1699282613 03-16-2024, 09:48 AM
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Originally Posted By eod8989⏩
I don't think like 80% of the population works anymore. I go out during the day every day and all the places are full and lines everywhere.
I'm starting to agree with you

When I leave for work in the morning, there's almost no traffic at all
In the afternoon coming home, its bumper to bumper the whole way home

Takes 10 minutes in the morning, about 45 minutes in the afternoon
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post 1699282763 03-16-2024, 09:51 AM
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Originally Posted By TugOfPeace⏩
People who didnt buy in 2020 are not "fooked" unless they're poor and/or stupid with their money
They might not be "fooked" but they lost out on a free house
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post 1699282933 03-16-2024, 09:55 AM
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Originally Posted By orangetide⏩
8+ year car payments, dealers will drive "new" cars X amount of miles so they can be considered used, then mark them up $10-15k

Crippling student debt

Insane house prices because 2 corporations are flipping them

A fast food meal costs $20

Wage stagnation

...and the average (or median, can't remember) income is still $35k.
8 year car payments? You don't have to own an $80k truck.

if you aren't paying for a car in mostly cash anyways, no sympathy

people are fukking retarded. my sister had to buy a car a few months ago and she was happily about to pay 7-10% interest rates like an idiot

as long as consumers are stupid with their money, prices will continue to go up. good riddance
Monster0ultra self proclaimed "Chad" face pic looks like vtech school shooter: https://i.imgur.com/z2m6Why.jpg
post 1699283273 03-16-2024, 10:03 AM
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#30
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Originally Posted By LaCosaNostra90⏩
its all an orchestrated collapse. Wont be sudden but gradual, been going on for years

Every Western nation is declining rapidly. Inflation is out of control and hiking interest rates has not done anything (stagflation). Massive immigration. Huge debt to GDP ratios


Its game over if you make less than 100k a year realistically
Starting to feel like $200k is the new $100k. Just feels like $100K doesn't have the same prestige it used to.
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