Doomsday Econ: mmt'lady

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Waffle House: Oct 27, 2004; You follow the path
fitting into an infinite pattern.

Yours to manipulate, to destroy and rebuild.

Now, in the quantum moment
before the closure
when all become one.

One moment left.
One point of space and time.

I know who you are.

You are Destiny.

Everyone out of the pool

# ? Feb 8, 2018 23:21

Adbot: ADBOT LOVES YOU

# ? May 20, 2024 07:19

ikanreed: Sep 25, 2009; I honestly I have no idea who cannibal[SIC] is and I do not know why I should know.

syq dude, just syq!

Josef bugman posted:

Okay, why are people so happy about this, surely this is nightmarish?

One. It's gonna happen sometime soon as a result of both the cyclical nature of the economy.

Two. The last market surge has corresponded with huge increases in the wealth gap. Wanting to see that unwind is good.

Three. Being right is rad and cool

# ? Feb 8, 2018 23:21

CodeJanitor: Mar 30, 2005; I still can't think of anything to say.

Zhulik posted:

I think you will find that killing bankers solves neither racism nor global warming.

Racism: Most bankers are rich white racists that vote republican. Less bankers = less votes for republicans = better chance at PoC being elected to office to improve the country.
Global Warming: More dead bankers = less humans = less carbon emissions (especially in the USA and other 1st world countries).

:colbert:

# ? Feb 8, 2018 23:24

Tiberius Christ: Mar 4, 2009

is there a word for schadenfreude but the one suffering is yourself

# ? Feb 8, 2018 23:25

Grouchio: Aug 31, 2014

Today in a nutshell:

https://www.youtube.com/watch?v=zkBqOmelX28

# ? Feb 8, 2018 23:25

crazy cloud: Nov 7, 2012; by Cyrano4747; Lipstick Apathy

Tiberius Christ posted:

is there a word for schadenfreude but the one suffering is yourself

trmup

# ? Feb 8, 2018 23:27

RIP Syndrome: Feb 24, 2016

trumpschmerz

# ? Feb 8, 2018 23:32

punk rebel ecks: Dec 11, 2010; A shitty post? This calls for a dance of deduction.

Great Depression 2 incoming. Can't wait for World War III: The Trumpining.

# ? Feb 8, 2018 23:33

Antifa Poltergeist: Jun 3, 2004; "We're not laughing with you, we're laughing at you"

Tiberius Christ posted:

is there a word for schadenfreude but the one suffering is yourself

Life

# ? Feb 8, 2018 23:33

Pick: Jul 19, 2009; Nap Ghost

hey dumbass the people who operate the bank, ie bankers, don�t own the loving banks either! they�re just employees

# ? Feb 8, 2018 23:35

SKULL.GIF: Jan 20, 2017

Pick posted:

hey dumbass the people who operate the bank, ie bankers, don�t own the loving banks either! they�re just employees

found the banker

# ? Feb 8, 2018 23:37

H.P. Hovercraft: Jan 12, 2004; one thing a computer can do that most humans can't is be sealed up in a cardboard box and sit in a warehouse; Slippery Tilde

no those are tellers

# ? Feb 8, 2018 23:37

readingatwork: Jan 8, 2009; Hello Fatty!; Fun Shoe

CodeJanitor posted:

Racism: Most bankers are rich white racists that vote republican. Less bankers = less votes for republicans = better chance at PoC being elected to office to improve the country.
Global Warming: More dead bankers = less humans = less carbon emissions (especially in the USA and other 1st world countries).

Honestly the individual votes don�t matter nearly as much as the money they put in Republican coffers and lovely regressive think tanks. .

# ? Feb 8, 2018 23:38

Gunshow Poophole: Sep 14, 2008; OMBUDSMAN
POSTERS LOCAL 42069; Clapping Larry

Pick posted:

hey dumbass the people who operate the bank, ie bankers, don�t own the loving banks either! they�re just employees

quislings get the wall too poick how long you plannin on sticking around in c-spam anyway

# ? Feb 8, 2018 23:38

Taintrunner: Apr 10, 2017; by Jeffrey of YOSPOS

Pick posted:

hey dumbass the people who operate the bank, ie bankers, don�t own the loving banks either! they�re just employees

ah you see it was just my orders i was following to foreclose on this poor family, i had no choice, cries the employee, as the guillotine falls on their head

gently caress off pickhead

# ? Feb 8, 2018 23:38

Pick: Jul 19, 2009; Nap Ghost

most banks are publicly traded and owned by investors like everything else

# ? Feb 8, 2018 23:39

Stairmaster: Jun 8, 2012

im bored they should open the markets again

wait when does asia open

# ? Feb 8, 2018 23:39

Pick: Jul 19, 2009; Nap Ghost

like god drat how are there so many people in this thread who are convinced they know anything about poo poo and yet don�t know that there are bank stocks

# ? Feb 8, 2018 23:40

Epic High Five: Jun 5, 2004

join a credit union

# ? Feb 8, 2018 23:40

H.P. Hovercraft: Jan 12, 2004; one thing a computer can do that most humans can't is be sealed up in a cardboard box and sit in a warehouse; Slippery Tilde

oh no not bank investors!!!1

# ? Feb 8, 2018 23:41

Gunshow Poophole: Sep 14, 2008; OMBUDSMAN
POSTERS LOCAL 42069; Clapping Larry

Pick posted:

like god drat how are there so many people in this thread who are convinced they know anything about poo poo and yet don�t know that there are bank stocks

10% of the US owns 84% of all stocks

# ? Feb 8, 2018 23:41

ikanreed: Sep 25, 2009; I honestly I have no idea who cannibal[SIC] is and I do not know why I should know.

syq dude, just syq!

Pick trying to troll leftists just doesn't work like pick trolling men

# ? Feb 8, 2018 23:42

SKULL.GIF: Jan 20, 2017

Epic High Five posted:

join a credit union

there's a billboard a mile or so from my house that is basically "You still bank? HAHAHAHAHAHAHAHAHAHA" then has the name of the credit union at bottom right

I'll get a picture of it tomorrow

# ? Feb 8, 2018 23:44

Pick: Jul 19, 2009; Nap Ghost

Ol Standard Retard posted:

10% of the US owns 84% of all stocks

BANKERS WORK AT THE BANK

INVESTORS DONT WORK

# ? Feb 8, 2018 23:44

PIZZA.BAT: Nov 12, 2016

SKULL.GIF posted:

https://twitter.com/damianpaletta/status/961709641171394561

ROCKET FUEL FOR THE ECONOMY

Ramrod Hotshot posted:

What does any of this actually, like, mean? All indications are that the economy is good, is it going to not be now?

I'm unemployed and job hunting

basically the recovery from the 2008 crash was all very shaky and tons of economists were warning that we weren�t recovering at all. the near zero interest rates allowed banks to float all sorts of loans to consumers to stimulate spending but the problem with that is it�s not sustainable- the only way to pay it off is for individual consumers to make more money. eventually the debt piles up and once the fed inevitably raises rates / declares the cheap capital party over the whole thing collapses.

so yeah the economy was �good� but a lot of it or even most of it was from consumers taking on cheap debt rather than them making more money they could then spend. now that interest is continuing to rise you�re going to see a lot of this dry up and the smart money knows this and is cashing out while they can.

and that�s just consumer spending. if you�ve been hanging out around here since 2008 you probably are familiar with how the wonks here have been tearing out our hair in frustration at how the government, namely the republicans, weren�t taking advantage of the insanely cheap credit to invest in the economy. at near zero or even negative bond rates it was THE time to spend as much as possible on things like infrastructure and education. instead they blew it on tax cuts and asian land wars.

now that opportunity is gone and the debt issue is actually going to need to be addressed because it will actually cost us considerable money to roll back the debt. in a sane world we would raise taxes on the wealthy to cover our shortcomings but unfortunately half the government is a death cult that can�t get off unless they�re drowning poor people in a burlap sack.

so yeah this has the potential to get ugly fast.

PIZZA.BAT fucked around with this message at 23:47 on Feb 8, 2018

# ? Feb 8, 2018 23:44

BrutalistMcDonalds: Oct 4, 2012; Lipstick Apathy

i want a list of all the bankers

# ? Feb 8, 2018 23:44

Epic High Five: Jun 5, 2004

SKULL.GIF posted:

there's a billboard a mile or so from my house that is basically "You still bank? HAHAHAHAHAHAHAHAHAHA" then has the name of the credit union at bottom right

I'll get a picture of it tomorrow

haha owns

# ? Feb 8, 2018 23:45

Epic High Five: Jun 5, 2004

bankers more like banksters amirite

# ? Feb 8, 2018 23:45

Pick: Jul 19, 2009; Nap Ghost

oh my god! leave it to goons to not know how money or jobs work

# ? Feb 8, 2018 23:45

Notorious R.I.M.: Jan 27, 2004; up to my ass in alligators

If I had to sort the guillotine line I would put energy industry execs in front of the bankers tbh.

# ? Feb 8, 2018 23:45

H.P. Hovercraft: Jan 12, 2004; one thing a computer can do that most humans can't is be sealed up in a cardboard box and sit in a warehouse; Slippery Tilde

SKULL.GIF posted:

there's a billboard a mile or so from my house that is basically "You still bank? HAHAHAHAHAHAHAHAHAHA" then has the name of the credit union at bottom right

I'll get a picture of it tomorrow

lol that owns

# ? Feb 8, 2018 23:45

Dreddout: Oct 1, 2015; You must stay drunk on writing so reality cannot destroy you.

We can kill both the bankers and the investors.

There's no conflict of interest here.

ikanreed posted:

Pick trying to troll leftists just doesn't work like pick trolling men

The Virgin Man

The Chad Brocialist

# ? Feb 8, 2018 23:47

H.P. Hovercraft: Jan 12, 2004; one thing a computer can do that most humans can't is be sealed up in a cardboard box and sit in a warehouse; Slippery Tilde

Notorious R.I.M. posted:

If I had to sort the guillotine line I would put energy industry execs in front of the bankers tbh.

same but i'm branding them as resource extractors

# ? Feb 8, 2018 23:47

Goon Danton: May 24, 2012; Don't forget to show my shitposts to the people. They're well worth seeing.

Dreddout posted:

We can kill both the bankers and the investors.

There's no conflict of interest here.

There would be much less confusion if we just said "the capitalist class."

# ? Feb 8, 2018 23:48

forkboy84: Jun 13, 2012; Corgis love bread. And Puro

Stairmaster posted:

im bored they should open the markets again

wait when does asia open

Australia opens at 11pm GMT, 6pm EST. I think Japan and S.Korea are an hour after that, and China, Hong Kong and Singapore are another hour after that.

# ? Feb 8, 2018 23:49

BrutalistMcDonalds: Oct 4, 2012; Lipstick Apathy

Rex-Goliath posted:

ROCKET FUEL FOR THE ECONOMY

basically the recovery from the 2008 crash was all very shaky and tons of economists were warning that we weren�t recovering at all. the near zero interest rates allowed banks to float all sorts of loans to consumers to stimulate spending but the problem with that is it�s not sustainable. eventually the debt piles up and once the fed inevitably raises rates / declares the cheap capital party over the whole thing collapses.

so yeah the economy was �good� but a lot of it or even most of it was from consumers taking on cheap debt rather than them making more money they could then spend. now that interest is continuing to rise you�re going to see a lot of this dry up and the smart money knows this and is cashing out while they can.

and that�s just consumer spending. if you�ve been hanging out around here since 2008 you probably are familiar with how the wonks here have been tearing out our hair in frustration at how the government, namely the republicans, weren�t taking advantage of the insanely cheap credit to invest in the economy. at near zero or even negative bond rates it was THE time to spend as much as possible on things like infrastructure and education. instead they blew it on tax cuts and asian land wars.

now that opportunity is gone and the debt issue is actually going to need to be addressed because it will actually cost us considerable money to roll back the debt. in a sane world we would raise taxes on the wealthy to cover our shortcomings but unfortunately half the government is a death cult that can�t get off unless they�re drowning poor people in a burlap sack.

so yeah this has the potential to get ugly fast.

isn't also wise to cut taxes during a recession as a form of stimulus? so the implication here is that the trump tax cut is the U.S. government effectively blowing its ability to manage the next recession in favor of benefiting the top 5 percent. everyone else, if they're lucky, gets a one-time $1,000 check which doesn't improve their situation at all in an structural sense, so they're still loading up on credit.

which means kablooey.

# ? Feb 8, 2018 23:50

Rated PG-34: Jul 1, 2004

death 2 the bourg, also pick, noted class traitor itt

# ? Feb 8, 2018 23:50

Tiberius Christ: Mar 4, 2009

Also china owns more american bonds then they did in 2008 even though theyve been wanting to get rid of them. Last time Putin almost convinced them to team up and cash them in to crash the american economy but were China's main importer. However China has been building the One Belt One Road to sell all the poo poo they make to their own people and the growing asian middle class so lets see if they make that deal now.

# ? Feb 8, 2018 23:51