Economic Collapse Coming

Why are we not speaking about this shit. It's literally happened before bush got in. Before obama. Now it's gonna happen about 2 months before november's election. Most likely in september. We're talking about a massive scale shutdown. Making the 2008 happening a sip of tea. I'm talking about the great depression type happening. WHAT DO WE DO!

Other urls found in this thread:

occ.gov/topics/capital-markets/financial-markets/derivatives/dq116.pdf
youtube.com/watch?v=PHe0bXAIuk0
youtu.be/m4sBbuGHJXc
twitter.com/NSFWRedditGif

Sit back and enjoy the fireworks, as there's really not much else that can be done by the common man.

i thought it was goin to happen sooner, like in March, but it's surprising even with brexit it hasn't triggered the collapse...

question is how to best prepare?

What do you suppose is holding it up right now?

And, what will the repercussions be once the collapse finally happens?

grow your own food, unless the nwo has made it illegal.
economic collapses happen to every country that question the jews.

>Panic on Chink stock exchange
>Italy toppled
>Germany toppled
>Students in the USA toppled

And that's about it

This.
Nothing.

Keynsianism is like a workaholic constantly crashing after four weeks straight of coffee and amphetamine abuse.

The crash HAS to happen.

Hell, it's part of the fucking theory.

Yes, it out-performs Austrian economics by leaps and bounds.

That's the issue. It H U R T S whenever the toxic money injected straight to the aorta causes systematic organ failure.

Only thing you can do is take out all your money from your bank accounts. Cash will be much more valuable. This collapse will kill credit. Since we dont use the gold standard anymore. America literally uses the standard of confidence of the money than the value of gold or silver. Which is always constant. Bread will skyrocket in price. Talking about 10 bucks for a pack. Gas hitting 5 bucks again. Im terrified since my mom gets a disability check and Im managing a barely functional furniture store. If this goes down we're off to the streets.

It's happening faggots

Can't wait for houses to be cheap again. MAGA!

>What do you suppose is holding it up right now?

my view is many people are more aware of an impending collapse this time round. financial institutions aren't as careless as the used to be. mostly though, because of qe there is so much cash sloshing around the world, and with negative to 0% interest rates the only place with decent returns in the us stock markets.

dunno what the final trigger will be, maybe it's already started, but it'll be worse than the last one, since they've used all the cards (lower interest rates, print money) they can use. what else can they do? only good news is that 99% of us are in the same boat

The final trigger will be a cyber "attack" on the banks, causing them to have to close. Everything will be reset to 0, screencap this.

Keynesian economics is garbage.

I'm going to make a lot of money off the misfortune of others.

It happens every year there is an unpredictable canadate(aka trump, Obama) and has chosen the president every year except for in 1992. If the market crashes, trump will most likely win.

Maybe I'm just a fucking pleb, but whenever people talk economics I just feel like they're talking another language
I understand what happens in a collapse to ordinary civilians I generally understand how inflation works, but I just feel like I'm missing this understanding of how everything happens
Any anons able to help me here?

>Keynesian economics is garbage.
Well yeah, that's my point.

It works. It's just not worth it. Part of why I consider Neo-nazis so embarrassing. Hitler's shit basically ran on KeynesOS with some Austrian modifications, which would have ended in a total catastrophe even i they had won.

Pinochet best fascist, end of discussion.

people have been saying this for years. and yet my portfolio has never been better.

where is the evidence of the (((collapse)))?

It's supply and demand that changes the prices. You can buy stock, and make money when it goes up, or you can short(tell you broker to sell his stocks and buy them back when they're cheaper) stock, and make money when it goes down.

grab sks and go innawoods

We're not talking about it, because we've already gone through it many times in the happening stock market crash threads.
But due to the constant government interference, places like China aren't coming down just yet and they're being held up artificially.
People got bored and fucked off.
But eventually the money is going to run out all over the world and we're going to be looking at a massive drop all over the spectrum.

>WHAT DO WE DO!

Start acquiring wealth that won't go down in value when the drop happens and at the bottom of the drop, acquire insane amounts of property and wealth for pocket change.
Happened in Finland in the early 90s, I've seen this situation can play out.
Also this, fuck credit.
Banks are going to start going under and that's going to fuck over so many people it's not even funny.
Happened over here too in the 90s, lost one of out biggest banks. Almost like Germany losing the Deutche Reichsbank.


What's the most interesting thing about here is, that what's going to be the next thing to drive the growth?
Drop will always happen, but what about the growth after that.
From what I've heard, there are insane amounts of money floating around everywhere, the companies have hundreds of billions laying around and there's nowhere they can put it.
There's not a next massive growing market waiting out there quite yet, like the technology bubble, or the housing market or China.
Those are all used up for now.
Of course there's still growth left in the shitholes out there, but investing in China is risky as shit, as people have already seen.

Also robotics are going to be playing a massive part during the next growth cycle and this is going to change things around quite a bit.
Whole lower sector of society has to change radically in order to adapt to that looming change.

It seems like most people who are in a position to practice these types of economics are full aware of their results, they just have some biased view against free trade. Like Obama.

Supply and demand is when say the sellers(ask price) is 2.00, and the buyers(bid price) is 1.00. If you are an average person you would pay 1.50 for a stock in this senario. The thing is that there is a battle between sellers and buyers that changes the price.

Buy a swag, swag the nation looking for work.

Fed buying of everything.

Keynesian economics has been proven to be great for recessions. Our problem is with the banks lending like nothing and the fed printing money to constantly has stimulus. Keynesian economics was never meant to be used all the time.

buy ETC

kek wills it

hodl btc

Buy TVIX(market activity), or short(make money when the price goes negative)a shit load of stock

Deutsche Bank will fall unless they get bought or bailed out.

Italian banks have some 200 000 000 000 in NPL.

Future is looking awesome!

>Keynesian economics has been proven to be great for recessions. Our problem is with the banks lending like nothing and the fed printing money to constantly has stimulus. Keynesian economics was never meant to be used all the time.
Hence my drug comparison.

They have their place, but as a rule of thumb having them around means scumsuckers will spazz on the BRIND DOLLARS :DDDDD button like crazy and only make shit worse each election cycle.

Really, a transition to at least some form of monetarist approach would be the most sensible.

It's just not a tool a democracy can sensibly use because - quite understandably - people will always vote for more money NOW rather than sustainability.

You obviously have no experience with markets or trading. A crash is coming but not in a couple months. More like around 5 years. Do yourself a favor and kill yourself

>Start acquiring wealth that won't go down in value when the drop happens

like what?

>only able to get high education based on the number of available jobs once you get out
>anyone who isn't citizen or a tourist needs to fuck off
>remove child welfare for over 2 kids
>make job fairs for homeless people instead of throwing food at them
>in divorce both parents get shared custody always, all child payments including alimony will be as 35% of the husband salary
>insruance companies can no longer use their own professionals to determain damages,a third party source run by the city will manage it
>change common core, make a better shorter more efficient system
>no more money special populations, not a penny. instead use that money to bring jobs to problem areas
>have a limit to how much sugar a product can contain, a good limit
>tax the fuck out of alcohol, sorry lads

Buy bonds then sell them when people begin to panic; looking for protected investments. Or gold or silver, they are basically the same shit.

I made great money off the Brexit volatility. That's all it was, money just changed hands, wealth was not lost.

Schiff says gold, Dent says cash. Basically gold will surge at first, but then plummets as people realize it's useless and you can't buy all the for sales goods with it, making the dollar soar

What do you mean? There's no bubble.

China. The final trigger will be China's housing market bubble burst. It will dwarf the collapse that triggered the Great Depression.

...

The last tool they haven't used is helicopter money

Take savings, buy gold.

I take the moderate view. And I understand that. Most people would rather prolong the suffering for some ease rather than take their medicine. I think for the most part we are in agreement.

Why?

This
I expect all Aus posters to join into one big swagman train.
My grandfather was a swagman during the Great Depression, looks like history is repeating itself.

>Vice at more than $1B

Fuck, things are worse than I thought.

Wait, is this another fucking DotCom bubble?

It's too big and complex to predict what the repercussions will be. They could be anything from a new dark age where power grids go down and people starve to death to a global shakeup of who are the big swinging dicks with minimal disruption in supply chains, or anything inbetween.

As for what is holding it up, that is going to be central banks.

Want to see some bullshit?

occ.gov/topics/capital-markets/financial-markets/derivatives/dq116.pdf

Scroll down to page 36 for Table 1. You'll see shit like JPMorgan Chase Bank, NA, with $2 trillion in assets and just under $53 trillion (yes, trillion with a t) in derivatives. That shit is stuffed into an FDIC insured deposit taking subsidiary of JPM. That's right, the taxpayers are on the hook if that shit blows up. It is the same with Citi, Bank of America and several others.

The metals seemed to have kept their value very well during the drop.
Also Fiat money, at least in the beginning.
It depends heavily on what kind of society you live in and how the economy works.


The way we got out of that massive depression relatively quickly, was to devalue the shit out of the Finnish Mark to boost the export.
It worked well.
Now the Canadians have already devalued their currency to shit to try and lure in investors. So that currency is probably a bad call to keep your money in during the crash.
So is the American dollar going to hold up? Maybe, maybe not.
What about the Euro?
It's going to shit in my opinion and at some point, countries are going to start breaking away to try and save themselves.
We can't devalue the Euro ourselves, so the only thing we can do now is to devalue the workforce and that does nothing but pisses people off big time.
If the politicians want to stay alive, EU nations will have to get rid of the unified currency at some point.
Of course it's possible that the crash is so fast that everyone just gets insta fucked, but I doubt it.
These things always go on for a while, especially when talking about global economies.

>money just changed hands, wealth was not lost.
This is the thing that the higher ups don't seem to want people to realize, so they just fearmonger through the media.
Massive drop is going to be one of the few chances for the smaller and prepared players to snatch a piece of the bigger pie.
Even normal workers can turn few thousand into a insane profit through property alone.
Talked to a construction worker who did this via acquiring a lakefront property during the drop.
He put in 4 thousand during the drop, got the land from some desperate businessman and the value was over half a million when I spoke to him.
Idiot never sold the land though.
So yes, nothing is going to be lost during the crash.
It's just a huge redistribution of wealth, that's it.

I certainly hope you're not posting from a downtown coffee shop, OP.
But a person with your foresight would already be someplace else, right?

It's not so much a crash what I'd expect (except in the stock markets that are inflated), but low growth or stagnation for decades

I disagree about it being shit. Keynsianism is for having the economy be more constant rather than have high highs and low lows. it's more of a straight line of growth. However, certain political votes affect this negatively and make it lesser, ie tax cuts. Sure tax cuts could be good, let's say like in a period of growth, but then don't forget to put the tax back when the econ starts to go shit.

Fuckin chuckle anyway.
Live off land, remember what being a man is about, helps people understand the current system is an unmitigated failure.
Plus, fuckin camping, no tax for cash in hand work.

The US won't collapse before before Europe. And Europe is hanging on fine. Nothing happening this year.

>Why does there seem to be a recession every 7 or 8 years?

>Why is there a major recession every 70 or so years?

youtube.com/watch?v=PHe0bXAIuk0

We put it off in 2008, but its coming. The second great depression is almost here. The great deleveraging.

>Europe hanging on fine

Yeah just Greek on fire, millions and millions of "refugees" causing all kind of problems in Europe, France, Britain, Spain and Portugal doing bad, Italian banks about to implode.

All is good nothing to see. I mean shit, we're all on NIRP/ZIRP policy and massive QE for years now.

Anyone that says cash is a moron. Paper currency collapse makes cash worthless. The only true answer is property. It will kill value but it'll still be there no matter what. Also invest in the means to defend property. This is assuming we have an economic dark age. Otherwise, good luck finding the magic market.

cont.
>all foundations must reveal payment trees
>remove sexual harassment laws entirely, this will save alot of time and money. get schools to insert self defense programs.
>raise the cost of abortions to a 1500$ from three fiddy
>all building permit processes have a timeframe depending on how big the project is,is know to public
>can no longer use fake,meat cheese or veggies in anything
>can no longer give life over stupid shit like swating or smoking weed etc
>raise taxes on painkillers and sleeping pills
>pedo can be decriminalized by handing over pedo material and exposing sex rings
>can no longer jail parents that don't send their kids to school
>if a kid at school receives more than 5 complaints by teacher his parents are fined

Remember, the London Whale worked for an American bank. We're all interconnected, and while there may be a delay, if Europe goes down, so do our banks.

Vote Trump

Is this a good time to buy gold or silver? I'm looking at the indexes and it looks like it's just starting to trend upwards from a long downward run since a 2012 peak. I'm not looking to make it big or anything, but I live at home and put all of my PhD stipend money into the bank, and if the banks fold...

>I think for the most part we are in agreement.
We are. Going full Austrian is going to feel a neverending nightmare for everyone involved.

Cheap money is the black tar heroin of economics.

Getting off that sauce is going to require either a stellar leader who knows how to play their cards just right or just a flat-out dictator who toughs it out for 10-odd years until the poison's bleed out from the system.

That being said, vicious amounts gubmint spending DO have their place, but it should be primarily infrastructure and little else.

Infrastructure lasts while hitting the printing press and shelling out cash like crazy to anyone and everyone just sort of leads to the current mess of increasingly destabilizing implosions.
>Most people would rather prolong the suffering for some ease rather than take their medicine
Well said.

Yeah. I was being polemic, see above.

The main issue is that it's the sort of tool that doesn't work well with democracy because - again, very understandably - people will want that dank cheap cash all the time constantly and without end, and in a proper democracy it's your job as leader to give people what they voted for.


If government money were a drug the FDA would by all rights schedule it II or higher.

Let me direct you here m8, this channel might be of interest to you.

youtu.be/m4sBbuGHJXc

I bought an ounce of gold before bush got in, was about 500 USD for an ounce coin. At one point it got up to $2k. 1376.60 currently though

It was talked about a lot last year when everyone thought the shemitah was going to happen in september.

At this point, I just want it to fucking happen already.

>It's just not a tool a democracy can sensibly use because - quite understandably - people will always vote for more money NOW rather than sustainability.
Depends on how Democracy is implemented. All actors are perfectly rational, and as a socialist, I know that "rational self-interest" is a crock of shit that is neither rational nor in the individual's best interests.

Democracy typically changes leaders every 4-6 years, and for a limited amount of terms. So leaders rationally promise what they CAN get done in such a short span to get themselves elected, which is tax cuts. No long term planning, and limited terms encourage corruption. Both of those things have to go.

Proportional representation, and every president is president for life, or less than a year, depending when they lose a non-confidence vote.

No, much worse than that.

Snapchat with around 330 employees is valued at 20 Billion dollars, more than Sony. You tell me?

how far are we from a fully automated society?

>no data

can we see some more serious data backing up these claims? I have 100k or so in the bank and about 50k tied up in investments, not to mention a couple properties worth 350k. OP could be a gold-representative paid to shill on conspiracy sites for all I know

...

Dubs of truth. This is a bubble that spans a bunch of shit, of which stocks are only part. This is also a bond bubble.

let's short it

For comparison, sony has 125,000 employed.

we already have a liquidity trap. if things go bust, increasing money supply won't work

Who decided that Snapchat has 20 brazillion worth of assets?

Time it wrong and you'll get your face ripped off. The Fed could still go NIRP on us.

>not having a fully stocked apocalypse shelter filled with canned food, frozen food, fuel for generators and readily available water/weaponry.

You guys are kinda dumb

The same people who counted the jews in the "holocaust" i would imagine.

I thought fdic insurance only covers up to 250k, though I'd like to see the number of accounts vs the amount of total money.

You can predict how much the taxpayers are on the hook that way.

Living that way is far worse than anything imaginable above-surface.

Wow so F Society is real?

>Who decided that Snapchat has 20 brazillion worth of assets?
When you can get the nudes of family and friends of important people now or in the future to blackmail them later, can you put a price tag on that?

>I know that "rational self-interest" is a crock of shit that is neither rational nor in the individual's best interests.
As a moderate Libertarian I actually agree*. Our retarded ancap/objectivist/whatever they call themselves this week cousins have the sort optimistic approach that you otherwise only find among statist communists, which is - quite frankly - equal parts embarrassing and enraging.

>Democracy typically changes leaders every 4-6 years, and for a limited amount of terms. So leaders rationally promise what they CAN get done in such a short span to get themselves elected, which is tax cuts. No long term planning, and limited terms encourage corruption.

Exactly.

Really, I think we could work together well, Leaf.


*(Personally I think we need to switch from seeing Executive-Judicial-Legislative power as a triangle and acknowledge that Economy is the fourth part. I don't believe the state should RUN the economy - and while we'd probably fight over what that means I think in principle you'd agree - but that it's its role to keep the economy in check to the point it doesn't infringe on any of the other three. In other words, a free economy is only free if you tell monopolies to get fucked if they try to rewrite the rulebook)

To be fair, snapchat has the largest collection of amateur teen nudes in the universe saved on its servers. That has to be worth a few billion.

Hmm, good point.

Pretty much this. I already retire from all markets. I have no debt and full of liquid money to buy in the greatest sale of this decade. I pity the fool that isn't going to try to out kike the kikes.

You guys realize the fed is only buying assets and printing a whole shit ton of money because the federal government is completely unable to pass any sort of fiscal stimulus, the type of stimulus championed by Keynesianism, right?

What's this bubble going to be called? The mobile app bubble?

The US would have to default on their debt anyway, or challenge the rothschild ran federal reserve and get the global economy shut down anyway.

either way you're screwed and cannot be halted.

fdic does the 250k. if bank fails, they insure up to that per account, and they close on friday, escort the managers out, and reopen on monday with new management, which doesn't happen anymore really.

the guy is probably crazy and referring to the government bailouts of big banks "too big to fail" etc
we paid them bonuses for what they did. Just pisses me off, and if it happens again, they'll do it again.

Stock market at all time high but some poster on Sup Forums thinks he sees an incoming market crash that all the investors with trillions invested don't. Makes sense. SELL SELL SELL

Yessssssss! All these fuck yards who are calling for term limits for Congress need to go fuck themselves. Need to end term limits for the president, keep them for Congress, and add some sort of periodic reappointment of supreme Court justices. If the president is doing a shit job you can elect someone else after four years.

>because the federal government is completely unable to pass any sort of fiscal stimulus
Please tell me more leaf.

>(PRIVATE SYNDICATE)
>( )
hmmm

>Stock market at all time high
banks have been buying stocks.

>it happens immediately after trump becomes potus
>money is replaced with "freedom marks"
>one freedom mark is the equivalent of a day's work
>debt becomes eliminated over time due to US resorting to manufacturing and new material exports
>new reich successfully established
>secret service is officially abbreviated to S.S.

>The Federal Reserve System considers itself "an independent central bank because its monetary policy decisions do not have to be approved by the President or anyone else in the executive or legislative branches of government, it does not receive funding appropriated by the Congress, and the terms of the members of the Board of Governors span multiple presidential and congressional terms.

The federal reserve controls QE, not the federal government.

I got 20 ounces 4 months ago when they were 15 dollars/oz
so I've already made almost 100$ on those

Company valuation has been way off since the 1990s. Spotify doubled its value from 2013-2015, to around 8 and a half billion USD. It has revenue of around 2 billion USD.

Which is excellent, but it hasn't actually made any money.