Circuit breaker triggered in Japan for stock futures trading
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Head over to Reddit if you want to hear about how the Biden Depression is upon us
They likely banned or hid anyone who said otherwise.
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Lol, we are not even 6 months in to his 4 year term, what do you mean "the next US President"?
What do you mean US? There's a country left after this?
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It's not very shortsighted, it's quite long-sighted. Everything has been shit since the 2008 crash. Absolutely dog-shit garbage. Wages haven't changed, everyone's already in the hole.
I'd have loved a few more years of floating it, but the writing has been on the wall for some time now. It's going to suck for everyone, I'm sure - but the market never corrected in 2008. It was going to happen some time or another - I'm just happy Republicans are going to be on the hook for it.
This isn't some bubble popping or realized losses, this is an entire political movement (Trump and Republicans) literally destroying the world economy. This isn't just going to impact the US, but potentially hurt people in every country.
Its also in no way connected to 2008. What is going on here is independent of that and won't be seen as a lesson to mistakes made in 2008.
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This crash has to be so bad that the next US President that even so much as hints at wanting to use tariffs for any purpose other than what they're intended for, would be personally walked to the gallows.
This has happened once every 100 years or so. And each time it's a complete disaster for the country.
Give it another 100 and history will just repeat itself again
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I heard a lot of conspiracy theories by now, that frankly portray mostly the same concepts in a pretty convincing manner, that say that this is exactly what they want to happen. And that's pretty damn scary.
Basically a new world order where everyone is poor and the billionaires control the world as the new monarchs. They take the world not by violence but by systematically destroying the world economy and having enormous amounts of money themselves.
Pretty freaking scary if true, because all the steps are apparently working splendidly.
It's for sure plausible.
Whenever a collapse happens, the rich get richer by buying up cheap assets, like houses and land.
And since corporations are immortal, these assets will forever be owned by them generations into the future.
It's fiefdom, except that it's much MUCH more stable over time given modern economies.
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Oh there’s a demise I’m rooting for, but it ain’t mine.
This isn't necessarily going to affect the ultra rich who count on crashes like this to buy up real estate and assets in mass.
It's practically a guaranteed win, a cheat code even
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You know, r/politics. The “radical leftist echo chamber,” according to its most normal users.
When I left it was arguably a leftist echo chamber, but I wouldn't be surprised if Democrats and liberals left en masse with the changes over the past year or two
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This has happened once every 100 years or so. And each time it's a complete disaster for the country.
Give it another 100 and history will just repeat itself again
Say you don't believe in extreme longevity without saying you don't believe in extreme longevity
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I heard a lot of conspiracy theories by now, that frankly portray mostly the same concepts in a pretty convincing manner, that say that this is exactly what they want to happen. And that's pretty damn scary.
Basically a new world order where everyone is poor and the billionaires control the world as the new monarchs. They take the world not by violence but by systematically destroying the world economy and having enormous amounts of money themselves.
Pretty freaking scary if true, because all the steps are apparently working splendidly.
So you mean the tariffs are hiked taxes on the poor?
/Well yes.
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It's not very shortsighted, it's quite long-sighted. Everything has been shit since the 2008 crash. Absolutely dog-shit garbage. Wages haven't changed, everyone's already in the hole.
I'd have loved a few more years of floating it, but the writing has been on the wall for some time now. It's going to suck for everyone, I'm sure - but the market never corrected in 2008. It was going to happen some time or another - I'm just happy Republicans are going to be on the hook for it.
So we need a crash today because, ... checks notes ..., the 2008 crash made everything to shit?
Wtf are you on? Is this some elaborate "it's bidens/obamas fault" or something?
Sure sounds like wishful thinking.
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When I left it was arguably a leftist echo chamber, but I wouldn't be surprised if Democrats and liberals left en masse with the changes over the past year or two
You said “leftist.” What do Democrats and liberals have to do with anything?
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This has happened once every 100 years or so. And each time it's a complete disaster for the country.
Give it another 100 and history will just repeat itself again
I'd like to think we would have enough sense this time to setup a system to perpetually redistribe excess wealth
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They likely banned or hid anyone who said otherwise.
I was banned for displaying, quote, “extreme indifference” about the fact that DJT nearly ate a bullet on live TV.
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Honestly, we've needed this crash since back when Obama was president, and we got a bunch of propped up corporations. They socialized the losses, so to speak.
Nobody I know in poverty is affected by stocks, so fuck them all.
If you know anyone over the age of 60 who has a retirement plan other than social security, you know someone who is affected by stocks. If the market stays down for a long time, many elderly people will not have enough money to live out their retirement. This will certainly impact millions of Americans. If you think it's a small problem, you haven't thought it through very well.
Also, the crash itself doesn't make anyone's life any better. We didn't need the crash. We didn't need the crash before. We needed to do things to make life better for the average American, and especially for poorer americans, and we still need that. Crashes don't make that happen, and it's wishful thinking to suggest that they will.
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It's for sure plausible.
Whenever a collapse happens, the rich get richer by buying up cheap assets, like houses and land.
And since corporations are immortal, these assets will forever be owned by them generations into the future.
It's fiefdom, except that it's much MUCH more stable over time given modern economies.
If and only if the corporations can maintain control of the government, which has the power to destroy them.
They've had total control for almost a century, so that's fairly stable, but it still would only take a few motivated populists to wrest control.
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Head over to Reddit if you want to hear about how the Biden Depression is upon us
Head over to Reddit
yeah, no.
Biden Depression
I am in awe of the shear size of the stupid. trump has redirected the "soft landing" directly into the meat grinder.
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You said “leftist.” What do Democrats and liberals have to do with anything?
Idk man. I have always lumped left / democrat / liberal together, and right / conservative together
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Idk man. I have always lumped left / democrat / liberal together, and right / conservative together
Democrats in the US are center-right. “Normal” Mitt Romney/GWB Republicans are far right. The current GOP is, without a drop of hyperbole, full-on fascist.
There is not any leftist political coalition to speak of in the US.
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I was banned for displaying, quote, “extreme indifference” about the fact that DJT nearly ate a bullet on live TV.
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Democrats in the US are center-right. “Normal” Mitt Romney/GWB Republicans are far right. The current GOP is, without a drop of hyperbole, full-on fascist.
There is not any leftist political coalition to speak of in the US.
Bernie Sanders is about as extreme as they come in the US- and he’s maybe center-left at his most extreme.
This is based on policies he pushes for, right? I always got the impression he would push as far left as possible, which with today's democrats means "center left at best".
