Does anyone else believe the impending financial crash will be bigger than 2008-2009?
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Anonymous
Immigrants bring billions to the US economy. That is now gone. Which means jobs will disappear millions of jobs . Thank you Republicans this is all your fault and I hope you suffer greatly yes I wrote that on social media. |
Anonymous
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I started this thread yesterday because I could see the writing on the wall. I am telling you to buy gold. You need to do it. The dollar is going to inflate itself like crazy.
TDS complainer guy doesn’t even respond. No one is buying your rosy bs. |
Anonymous
I didn't make it up - I've read it in numerous places; it's been widely discussed since 2022 when the U.S. took this step. For example, here's an article from 2024: https://www.forbes.com/sites/bobhaber/2024/08/21/americas-currency-crisis-declining-global-confidence-in-the-dollar/ "The U.S. response to Russia's invasion of Ukraine, particularly the freezing of Russian assets, has amplified global concerns about the risks of over-reliance on the U.S. dollar. For many nations, this action underscored the immense power the U.S. holds over the international financial system. In response, the BRICS+ group—comprising Brazil, Russia, India, China, South Africa, Iran, and others—has become a formidable force, rapidly accelerating efforts to reduce their dependency on the dollar." There are other reasons, as I mentioned -- including decades long U.S. deficit spending (under both Republicans and Democrats) that seemingly has no end, as well an nations aggrieved by tariffs (in particular, India, which we've just slapped tariffs on again due to the Ukraine-Russia conflict) -- but without a doubt the weaponization of the U.S. dollar makes it incompatible with being a world "reserve" currency in the eyes of many. For example, for years now we've been hearing from the U.S. military and government about the impending threat of China etc. If you were in China's shoes, would you want your "reserves" to be held in U.S. dollars, where they could be frozen if you did something (invade Tibet? invade Taiwan?) that the U.S. didn't like? We can't have it both ways -- and we won't be able to. |
Anonymous
| Unlike hyperinflation in a small country where IMF or WB can step in with big loans and programs, we are alone now. US economy is too big to be bailed out. We will not go hyper but major devalue and loss of asset value. 90% of us will lose. Doubt that it will be like 2008 or 2020. We are in much worse fiscal health and way too partisan and divided. |
Anonymous
Agree but cash will be devalued, making hard assets cost "more". Stay out of cash. |
Anonymous
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Tonight I heard on news that there are more people looking for jobs than there are jobs available. And the numbers haven’t been this bad since 2008.
I immediately thought of this thread, which I had dismissed as fear monger. It’s here. |
Anonymous
That made me laugh. 
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Anonymous
This was heard on the news: If you don’t want to be a doctor or a bartender, you won’t find a job. |
Anonymous
Far better shape than the current moron's economy we're currently living. |
Anonymous
Of course it made you laugh bc you’re a clueless idiot who thinks Trump is a savior. What a joke. You all deserve what you get. |
Anonymous
100% agree can not wait for MAGA to suffer greatly. |
Anonymous
Anonymous
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“Trump has imposed the highest tariffs since the 1930s in a bid to encourage domestic manufacturing. Yet factory employment has dropped by 41,000 since February. Other trade-related sectors, including mining, wholesalers and oil and gas extraction, also have seen payrolls shrink in recent months. And the boom in factory construction that began under President Joe Biden ended after Trump eliminated many of the government subsidies that encouraged such projects.” “We aren’t even seeing the beginnings of a tariff-related recovery in manufacturing. You don’t expect to see it overnight. But it’s going in the wrong direction,” said economist Dean Baker, co-founder of the Center for Economic Policy Research in Washington. Collectively, not a single one in this administration has an iota of economic intelligence. Trump has a childlike brain. He’s Veruca, “I want an Oompa Loompa now!" |
Anonymous
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The biggest problem we have now is that it is a monopoly economy. People tend to think of Big Tech as monopolies *which is true* but tech giants are only the tip of the iceberg of the monopoly problems. Unaffordable health care, income inequality and stagnant wages are the result of monopoly power. For example, two corporations, Fresenius Medical Care and DaVita, control a 92% market share in dialysis centers, a $24.4 billion industry. Other examples are baby formula, where three companies control 80% of the market, washer and dryer manufacturing, where three companies control 100% of the market, and airlines, where four companies control 76% of the market overall, with even higher concentrations on individual routes.
Chicken monopolies are extracting wealth from chicken farmers. Hospital mergers are depressing nurse’s wages. Small and big businesses, workers and creators are being squeezed by monopolists who use their market power to extract the fruits of everyone else’s labor. It’s no surprise we are experiencing economic inequality that amounts to a New Gilded Age, with the richest 0.1% of all American families owning as much wealth as the lower 90% of all American families combined. Market concentration causes wages to stagnate because it reduces competition for labor. Job growth slows because you only need so many people at the top. Innovation stops because everyone is doing the minimum to keep their job. And the risks soar. When there are so few companies controlling a market, they become less efficient. When they inevitably fail, the entire economy is going to come down like a house of cards. https://concentrationcrisis.openmarketsinstitute.org/ |
Anonymous
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In several food sectors, a limited number of companies include a dominant market share:
Meat: In the U.S., meatpacking is among the most monopolized. These companies also control the poultry and pork markets, challenging smaller farmers and processors to compete. Dairy: Milk prices are controlled by Dairy Farmers of America and several other large conglomerates, restricting the competitiveness of smaller dairy farms. Grains: Companies play a significant role in seed production and grain distribution, impacting farmers and worldwide food supply networks. Drinks: The soft drink, juice, and bottled water markets, limiting options for consumers. One way to measure concentration is the Herfindahl-Hirschman Index (HHI), a tool used to track monopoly risk. In rural areas, HHI scores jumped from 3,104 to 5,584 — more than twice the threshold where federal antitrust regulators start to worry about competition. According to a 2023 USDA report, the USDA considers anything above 2,500 is considered highly concentrated. |