Message from @Shurik
Discord ID: 472945547628511233
That's probably the o ly way we can speed it up
Unless the recession hits next year, and it's all blamed on Trumps tariffs
^
And it would make sense
Depression will come out of the chinese housing bubble collapse.
@Fredrickbismark There's a much bigger bubble, dude
I am not looking forward to that one.
Student loan bubble?
That'll fuck so many people over
US bonds
Assuming we don't balance the budget in the next few years
HA
Which we wont
A man can dream
A man can dream
Once it collapses all the rural an caps can come out and rule the world tho.
They are as bad as the socialists
Trying to justify there own Utopia
much sovreign citizen
VERY good run-down on the economy...
https://www.youtube.com/watch?v=jYbIXFBxHC0
Dang, that didn't have the full run-down in it
I'm sure this worldview is informed with many facts
They bread like cockroaches after all *eyes Japanese birthrates*
nah, this sounds about right
This rant was prompted by an all Asian esports team.
lol
what sub was it on? @radeon
@Fredrickbismark
@ 2:17:00 is where he explains the domino effect
https://youtu.be/3u7kDfEtKfs?t=8220
based
TL;DW Interest rates are too low to cover the costs of our own rate of debt, which is going to lower our International credit rating, leading to the US bonds being de-listed as a de-facto standard, exacerbating the problem
@Fitzydog Oh ok I agree that what Schiff says is on the horizon but that a bubble will cause it. Personally I'm not terribly concerned because I'm trained in a trade skill and stem degree. I also don't have too many financial investments. But yeah a lot of people are going to suffer and socialists are going to take advantage of it, further throwing fire onto the problem.
Was Schiff the same dude to predicted the 2008 crisis?
idk, but he did a video where he talked to occupy wall street people, which was pretty good iirc
yeah he said he predicted it @Fredrickbismark
His prediction is so frightening to me that i instinctually want to say he's wrong. But I can't find fault in his logic.
man, watching this video reminds me of a time when people weren't completely nuts
Yeah 2011-12 seems like a simpler time.