Message from @VICTOR117
Discord ID: 659299640004313108
It's just fact
the "everything bubble"
The credit boom is hitting commercial real estate
for fucks sake, we have the gov preparing to deploy military against civvies for owning guns
shits just so, so fubar
I'm more concerned with the economy then Virginia tbh
cant even begin to describe it, except to say that societey has become so much more complex and delicate than anything anyone can control, and its just waiting for somebody to sneeze too loudly to all go to shit
>delicate
For some maybe, but no
shits getting increasingly wierd while we are in the biggest boom since the 80's, except this time nobody except for a few are actually making money
its the weakest "good" economy in history
Do you know what the credit boom is?
yeah
kinda
Like the whole thing pensions etc.
basically, if you subtract debt from profit you realize that shit isnt anywhere NEAR what its being sold at
Tax dollars used for pensions go into to credit funds and all that shit?
yeah
So you know how people's pension money is being used to artificially inflate stock prices with buyouts
Make them worth more than actual evaluation
im familiar with the concept
its similar to how companies are valued at high prices while not actually posting very high profits in relation to thier debts
if you subtract what a company owes from its actual profits you quickly realise that there is a huge discrepancy between stock market value and actual value
so, if you say i got $50, and am selling 50 shares at $1 a pop, vut I owe $40, and am actually only really worth $10
Basically, the trend has seen the people who manage these pensions decreasing the low yielding cash in favor of high risk credit investments
These has been going on for last ten
yeah, similar to the 2007 real estate crash
Especially 5
Years
I can claim I'm a fortune 500 company, but if 70% of my worth is loans given to people who have zero chance of ever paying, shits gonna fall apart
Well the companies usually don't go under (usually)
of COURSE not
profits are private, losses are public
they get a taxpayer funded bailout and keep going, they get richer and we get poorer
Yeah exactly
theres a REASON "they" are all buying up property in new zealand
and putting money in swiss accounts
they are preparing to suddenly not be american anymore
But I've noticed something that i never really paid attention to before when watching a discussion on the retirement crisis
"I'm not with them, I'm just a wacky eccentric millionaire expat in NZ! NOTHING TO SEE HERE!"
They like to zero in on particular industry
1990s- WorldCom and Enron
Then it was subprime housing
From 2009-2013 it was energy companies