So as I understand it among communist circles it has become to be considered absolute certainty that the US stock market will crash and it will be the worst in human history. Here are some differing predictions on the severity of the coming crisis from commies:
>Among worst case scenarios, it means the evaporation of multiple of trillions of dollars of liquidity that the global marketplace requires to function. The consumer economy as we currently understand it would cease to exist as mass unemployment ensues, with companies unable to get either the credit they need to continue to function, and all the conspicuous consumption made impossible not only because of mass unemployment, but because the trillions of dollars of debt that have subsidized the economy for the past decade becomes recognized as essentially worthless. All the companies that have been sponging off of this source of revenue wither, and pretty much the economic engine of the entire planet grinds to a screeching halt because there's no money to make or buy anything.
>The only reason this didn't happen in 08 is because of numerous bailouts and cash injections since then, but that nickel's been spent a few times over now. The Student Loan debt crisis, Auto Loan debt crisis, and various other consumer debt crises are all looming, and all are likely to hit the market simultaneously when employment takes a nose dive.
>If that scenario becomes reality it would take 5-6 years for the elite IMO to recognize that implementing a full blown keynesian economics is tantamount to their survival. They will try the bailouts again, they will try sucking out the last drops of water from an already dry well. If what user says becomes reality all eyes will be on American comrades, because an OWS simply will not be a sufficient response to the absolute devastation the population will experience. If the fucking liberals start a kumbaya session again, or people divert mass energies into smashie shit instead of building a militant movement with mass appeal, the fascists and various ethnic-nationalist factions will divert the energies of the masses and make a revolution impossible.
Logan Harris
They have been saying since 2008, that every year is the year it's going to crash Next year they will say 2019 is the year it's going to crash
Landon Turner
(and here's the most pessimistic one:)
>I think the elite have been anticipating this for a while now, and like hell they'll pay. Corporate scum have been brought up all their lives to view working people as maggots and leeches, and they've invested billions of the workers' money into equipping every substantial police force with the means to keep their boot on people's collective throat. The second they get a whiff of even the most benign OWS fuckery, it's going to be jackboots on street corners and indefinite detention and plenty of indiscriminate violence to go around. OWS was an embarrassment that the elite are not willing to suffer again.
>tldr, I think we have Authoritarian Capitalism to look forward to. It's going to be Capitalism with Chinese Characteristics from hell to breakfast, with the US being reduced finally to tiny first world islands in endless seas of economic misery, the elite safe within their glittering walled cities and everyone else left to starve or otherwise suffer the predations of nature, from plague, pestilence, or some other "natural" disaster.
thoughts?
Ryan Gonzalez
>t. communist intellectual Funny joke
David James
The commies have been wrong about everything. Why take them seriously now? In fact, if they say it's going to happen, it probably won't happen. I do admit that the "current system" is going to explode when the global debt bubble pops. But that's probably at least a decade or so out at this point.
Ryan Rodriguez
They've been scaring the shit out of me with this article. Basically thirty something communist economists say that the crisis is inevitable and it will be much, much worse than 2008. AND THEY SAID IT JUST BEFORE THE FEBRUARY DOW CRASH
I don't know what to think because r/t_d hasn't told me yet
Owen Reyes
There is no such thing as economic crash because money is not really real.. the printing more of it to solve the 'economic crash' is not the solution though
Owen Cook
>The commies have been wrong about everything. They were right about Sup Forums being a bunch of kissless virgin teenagers
Robert Watson
>communist economists And I thought that "Mexican Intellectuals" was worth a good laugh.
Also, >February DOW crash WTF are you talking about? The DOW didn't "crash" in February, it just had a brief correction. Do you have any idea how the stock market works, or what the various terms actually mean?
Chase White
If there's one thing we know about commies, its that they perfectly understand economics and can accurately predict such things.
Caleb Wood
who gives a fuck? marx thought capitalism would collapse in the 19th fucking century. Literally the exact opposite of everything he ever predicted happened.
Grabred Marx was wrong about his original idea of the form DOP would take and that revolution (during his time period) would take place in the first world (which it did in some cases) but other than that I can't think of what exactly we've been "wrong" about.
Though near the end of it he knew it wouldn't; That's why he wrote Das Kapital.
This doesn't discredit his theories.
Michael Thompson
The first person to publicly predict the 2008 crisis was a Marxist economist. Adorno and DeBord also more or less perfectly described the state of media in politics. Communism hasn't worked, but you don't have to be a commie to follow Marxist economic theory
Each is necessary in the step. Each step is transitioned with a revolution.
USSR tried to jump from feudalism to socialism. Not only was it wrong, but they were targeted by capitalist states.
China correctly went from Feudalism to Capitalsm. The capitalists states aren't trying to bomb China, but giving it trillions in cash. Cash used to build infrastructure and machinery. Yes, they are slaves. But they will be able to transition smoothly to Socialism because they have all the money and economy to do so. A free people with an economy to sustain it.
US will never transition. To large and rich a country. They can sustain feudalism or capitalism for a hundred years. And if they absorb mexico for labour and canada for resources, they will last another hundred years.
Jonathan Allen
You are a faggot
Wyatt Robinson
You're right, his theories do a good enough job of discrediting themselves.
Gabriel Walker
Crashes are 100% orchestrated. So (((they))) can pick up the pieces.
Cameron Bell
>TFW you're so economically illiterate you can't even tell that we're in an economic bubble.
Disregarding that commie shit, whoever the fuck was talking at least had the crash part down. We're still recovering from the 2000's housing market crash, and Trump's cabinet are re-instituting the same policies that caused it in the first place. So, yeah... I'm not going to put an exact year on it, but expect another crash in the next few years, and also expect corporations to be begging for gibsmedats because they're 'too big to fail'.
I've been seeing this kind of prophetical talk since the 90s lol
Jason Ross
My body is ready for the normies' world to come crashing down.
Gabriel King
>Communist >Economist Literal oxymoron. However there will be a crash that will rival the 1980's recession. It wont be another housing bubble as there is actually a housing shortage, or a student loan bubble, as you can just defer those until you are dead. No the bubble is in every company listed on every exchange in the world. These fucking companies are so goddamned overvalued that if they ever miss earnings, by even by a margin, that will kick the table from every company on the NYSE and they will get strangled by a massive dump of shares from institutions, and picked clean by short sellers. >tl;dr: Tell me why the fuck why the market cap of Apple rivals that of small nations, Tesla who literally misses every earnings and has NEVER posted a profit is worth more than Ford, who survived the 2008 crisis unscathed , or why Faceberg, who only survives by (((ads))) is worth half a trillion dollars. >Still tl;dr Stocks are trading at nearly 100x their theoretic value. Thats like buying a fucking pizza for $2000
Charles Hall
>thoughts? This what you get for succumbing to the false song of globalism
Robert Taylor
Since when do communists understand economics?
David Lee
>re-instituting the same policies that caused it in the first place What are you talking about? "Re-instituting" implies that said policies were ever undone. The fact is that a lot of the "loose credit" policies just remained in place up to the current day. In fact, if interest rates are raised at some point, that would mean that a lot of these policies would finally be undone, or at least altered. Which should have been done decades ago. Granted, Trump would have very little to do with that; the Federal Reserve has a lot of "discretion" in these matters after all.
Still, I'm less worried about the next Housing Bubble than I am about the entire Debt fueled house of cards coming down. That's when shit gets real. But they'll be able to push that off for a while. And they'll have every reason to do so as long as they can.
Xavier Taylor
>So as I understand it among communist circles scram fag. Why are you ashamed to admit you're Canadian?
They at least _pretended_ they weren't just going to let this shit happen again with all of that Dodd-Frank business. Of course it wasn't actually enough to stop much of anything, but Trump and his cabinet are kind of saying 'fuck that' to even the slightest hint of pretending to give a fuck anymore.
Blake Turner
either you're a shill or you're ignorant bud those people are going to see what they want to see, their entire ideology is based on complete delusion, don't expect them to make sensible forecasts they are literally brain parasites
We'll be fine. Up until space colonization intensifies, it's gonna be a comfy slide into mediocrity.
Jackson Wood
>implying people stupid enough to come out to IRL meetings aren't a non representative sample of pol t. former air force pilot
Hunter Thompson
To be fair, I don't think anyone is actually fooled by any of that stuff anymore. A more apathetic approach in response to a more cynical populace. After so many non-solutions and fake solutions, nobody actually expects Washington to do jack squat. And no one believes them anymore when they pretend. The level of civic dysfunction in this country has become absolutely depressing.
I hear the sarcasm, but this is what (((economists))) actually believe. They were talking about it on CNBC when shit hit the fan a few weeks ago. It only takes a 2 or 3 shots of heroin to become an addict, and it will never be as pleasing as the first.
>>The only reason this didn't happen in 08 is because of numerous bailouts and cash injections since then
Just like the 1907 crash compared to the 1929 crash. The one in 1907 didn't receive any government meddling and sorted itself out in a year, the 1929 crash had government hands all over it and lasted until the start of WW2.
Lincoln Morris
>USSR tried to jump from feudalism to socialism. Not only was it wrong, but they were targeted by capitalist states.
And now Russia is fully capitalist and they are still targeted by other capitalist states, namely the US and co. So your theory is shit.
Liam Morales
Buy the Dip. Dow $30,000 by the end of the year.
Jose Adams
I thought you would have something of actual value to say.
Right wingers don't know much about value, though.
A bit high, but the market's been on a tear since Trump got elected and now corporation profits are catching up, especially with the new tax bill.
Charles Cooper
I've given up all hope that the debt will ever be paid off or even competently managed. We're just going to have to ride this train into monetary oblivion. Who knows what horrors lurk in our final destination? But most people in this country have become delusional, greedy, and unwilling to delay gratification so economic doom is all that awaits us.
Mason Allen
>the level of civic dysfunction... has become absolutely depressing
On this, user, we can agree. Still, the only cure for the apathy of these faggots is to keep trying to convince them it's worth pushing for. After all, the only way (((they))) truly win is if we give up and just accept that they're in charge and that's how it is.
Jace Brooks
Just a reminder that ALL the economic problems that currently exist in the world today are the result of greedy capitalists trying to extract more and more profit from all the working people. In other words, all economic problems today are the result of the lazy and greedy trying to steal from the working and poor. This is against human nature, so capitalism is against human nature.
Cooper Cruz
The debt isn’t ever meant to be paid off, that’s how The Fed creates new “money”.
Go away Satan. I know how P/E works and yet here is Amazon trading at not 100x but 300 times its earnings. Even 20x is too goddamn much. 5-10 is cool, we knowit means that they are speculating growth, but how do you grow out of 300x of your value.
for example here you can see that they are completely unable to be witty, which is evidence of poor creativity and lack of critical thinking i'd call commies sheep, but sheep aren't parasitic beings
Kayden Russell
That's scary I live in jewyork (Manhattan) and everyone here is shitting themselves. Except for me. Because I have a real job
Noah Reyes
Nope, hes talking about you. Should be simple enough to see for yourself but you need help, because you are a communist.
Jose Stewart
Gott strafe Amerika to be honest
Jackson Wood
what was craigslist "personals" ? does FOSTA affect Sup Forums ?
Cameron Parker
Good on you user, producing something of actual value.
Adam Rogers
>in communist circles it has become to be considered absolute certainty
So considering the collective IQ of commutards is beaten handily by the SF gorilla enclosure this is the same level of credibility as South African voodoo.
wont happen. banksters care more about money than dead niggers
Josiah White
>because I have a real job My nigga. If our economy does crash and stagnate like the 80's and you Sup Forumstards have a degree in Engineering or can rough it out in construction you'll be set as the government will strip and re-pave every stretch of road, and highway to be smooth as glass, and other infrastructure jobs they've been putting of for the past 60 or so years, all in the name of stimulating the economy.
>Trump's cabinet are re-instituting the same policies that caused it in the first place >implying the government did it what did it was shady debt rating and selling
Andrew Roberts
Capitalism in its current states runs on this principle >banks create new money by issuing loans with interest >but the loan doesn't create enough money to pay itself back with interest >so the interest to pay back the loan must come from issuing more loans, which also can only be paid back by issuing more loans This is how the massive debt piles up, and it is guaranteed that some debtors will default eventually, and when that happens to a massive debt pile, you get recession and liquidity freezes up. This is why Capitalism turns into Imperialism, because capitalists are able to avoid default by conquering foreign lands, setting up a central bank, and monetizing all the assets there to flush the system with new cash without issuing more loans. >This is what the west tried to do to the Middle East but failed in Iraq. >When it became apparent that the war effort had failed as Obama ascended, we got the 2008 2009 crash >The Central Banks in the West responded by issuing trillions of new cash with ZERO PERCENT INTEREST, basically printing money for free to pay off all the bad debt >This "saved" the market from total default, since it was massively overleveraged expecting the Iraq war to be a cakewalk. But doubling the money supply for free made the markets irrational. >Asset prices no longer include historical information like past rates, and have no correlation with expected future return >The core of the economy for the past decade has been a big ponzi scheme where you buy hoping you can convince a sucker to pay more than you in the future. Very few corporations today will last the decade, but practically every stock has a price to earnings ratio of well over 20+, meaning you will never earn back what you paid by just holding the stock into perpetuity and collecting dividends. You will have to find a buyer who will pay more than you paid. US will make one more push to spread capitalism, fail, then collapse.
>dating HAHAHA!!! Please, nobody actually used Craigslist for "dating." It's where creepy people with no actual friends hooked up with each other for sex. Because really, you have to be pretty desperate to hook up with someone looking for sex on Craigslist. The whole thing was skeezy as fuck, everybody lied about their weight/used ten year old pictures. Hookers and bots were everywhere. And when things did work out somewhat reasonably, it tended to still be somewhat unsatisfying. Or so I've heard.
Colton Brooks
replace every "capitalist" in your post with "jew"
Rather than arguing for communism all the time while sitting on your fat ass in a chair like your idol with a drink or pot in your hand, how about all you retarded leftists argue for something tangible like protected bike lanes? Just think, you could have a tangible artifact of success you could point to instead of everyone making fun of you for all the famine and death in every country that's implemented gommunism.
It would cut down emissions in your city, raise property values as the nice shrubbery blocks cars from street view increasing privacy, and raise overall fitness level. Most mid to large cities have a useless paint lane/shoulder that gets cyclists killed that could be converted into a beautiful bike lane that everyone could get behind both left and right.
I now declare another useless thread about gommunism about useful and tangible bike lane conversion.
>Communist economics >Communist >Economics Wut. You can't be both
Juan Green
dissolving the Federal Reserve
Kayden Nelson
Yet Trump fucking pornstars while his wife is pregnant is fine.
Jordan Allen
I'm in
Daniel Johnson
After which the same Capitalists will finance Bolshevism/Communism in order to retain control of their real assets, like Factorys, Land. And you useful idiots will go right along with it.
Lucas Gutierrez
Develop an actual social circle, start taking care of yourself and your looks, and don't be afraid to romantically/sexually pursue someone? Honestly, Craigslist personals were one of the worst things that ever happened. They kept people from improving themselves and encouraged really low expectations and a willingness to compromise on quality even further. Maybe now that people will be forced to leave their basements, hit the gym, and start interacting with their fellow humans if they want any action, things will improve on the "human condition" front. Craigslist was an obnoxious enabler of asocial, toxic behavior.
Landon Nelson
its a self fulfilling prophecy. jewery breeds communism, then capitalism fails
Luis Brown
if only
Landon Lopez
how do you think other, legitimate, dating sites will be impacted?
That would be pretty funny. As soon as banks stop giving credit to large firearm dealers guys with mills will bring about the gunsmithing renaissance in private sales.
Evan Walker
If they understood absolutely anything about the economy, about wealth creation or price theory, they would cease to be communists. The idea that communists could predict the outcome of something that they do not understand at its most basic level, let alone the level of sophisticated level of seasoned traders, who are still incapable of predicting the market consistently, is absurd.
These nutters have been predicting the fall of capitalism since Marx, they'll die awaiting their predictions while the market continues to trend up by virtue of it being based not on imagined value as they claim but real gains in efficiency and productivity.
Jeremiah Miller
>among communist circles Threadly reminder that the left, and communists, are actually retarded
Both countries went from shithole feudalism to mass death to industrialization.
Charles Mitchell
They'll get a traffic bump. Especially the "real" alternatives like backpage. I mean, I'm not the kind to really play the "degeneracy" card. But anonymous online hookups are degenerate. Especially the low quality stuff that Craigslist traded in.
Jace Lewis
Communism has nothing to do with what's wrong with capitalism. You can't argue that the idea of crony capitalism and intentionally harmful regulation is a communist concept in good faith. Just because two bad things correlate to the same period doesn't mean that they cause each other.
Isaiah Sullivan
DOW doesn't mean shit at this point, NYSE overall trend is bullish, a few major blue chip stocks suffering isn't a reflection of the whole market.
Isaiah Anderson
Well i will see your prediction with another prediction. It will rain. Someday.
See how fucking stupid you sound
Bentley Long
I have been living out of hotels and a car since 2016 I'm prepared for this crash I never really had any shekels to begin with all I need is food, weed and technology.
Q: What if Zuckerberg isn't the evil boogyman the media paints him out to be and in actuality he is the savior we need against the zionists. He is the real 42D chess master, this is why he is being so heavily attacked everywhere, why The Social Network was made (to paint him in a certain light) and why the famous quote of him calling his lemmings "dumb fucks" has been so heavily circulated, it could even be fake.
TL;DLR should I vote Zuckerjew?
Julian Cook
>What you have gathered talking to delusional retards Jesus Christ op
Josiah Davis
thx for that writeup
Daniel Garcia
"Just like ww3 the stock market crash is happening soon"
-Multiple Nervous Anons from 2010-2018
Matthew Jackson
Someone needs a helicopter ride
Ethan Torres
>whats the alternative? National Socialism. where money is simply printed in correlation with work performed. However, this is incompatible with liberal ideals that want a class of unemployed dependents to vote for them. Widespread acceptance of cryptocurrencies will also be an alternative. or people giving up this weird notion that you need to give someone a certain amount of numbers to have them do something for you.
Dominic Collins
We create the majority of it, we understand capital creation quite well, hence the term "capitalist".
