• 0 Posts
  • 4 Comments
Joined 1 year ago
cake
Cake day: May 29th, 2023

help-circle

  • Funny thing is, these tech startups and VCs also have these shady junk loans from regional banks. Who then gain significant investment from big banks, and the money these big banks are investing into aren’t even theirs, its the governments. As they have no generated any money since 2020 these big banks rely on government aid to continue their greedy, self-indulgent money schemes. That’s why there’s alarms that a super bubble has formed in the US, as its not relegated into one market/sector, buts its all encompassing in every market. Add to the fact that the general populace is far poorer than they were pre-2008 (Due to the selfish capitalist self-plundering of its own citizens) so even if a recession happens, the general populace cannot be relied on to spend their way out of it. This goes back to ellens visit to china, to encourage them to buy bonds (and probably begged them not to sell it, amazing tactic since they’ll talk about human rights abuses in china next).

    And the war in ukraine wasting billions which could’ve been spent on the recovery for the pandemic, and the knock-off effect of de-dollarisation, it’ll harm government profits to properly mitigate the effects if a recession does happen. Again this is probably just my opinion, but the next recession won’t be a recession, it’ll be an economic collapse.


  • All I can see is a straight road to an economic collapse. Companies across the board (especially the banking corps) have witnessed unrealized losses since 2020 (losses which don’t count as losses since subsidies and debt allocation mitigate it). A super bubble which has formed in the stock market, the housing market, and the commodities market (this one is an important one). And a clear unrecovery since the start of pandemic, which has facilitated the little growth generated into pockets of oligarchs. And a impoverishment of the general populace, which even the older generation cannot spend their way out of.

    The only reason why the american economy is growing is due to the huge bloated deficit spending, which numbered around 3 trillion so far. The biden administration is only prolonging the recession due to this.