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lol. Recession? You sweet summer child.
We’re heading for a caps-lock DEPRESSION that’ll probably be worse than the 1930s, because the world is likely going to move away from the USD standard as a result of this, all of the trade alliances we’ve built for over a goddamn CENTURY are being shattered as we speak, and we have a whole hell of a lot further to fall than we did compared to the 1920s and 30s in terms of standard of living. I would not be surprised if this ends in the balkanization of the US. For fucks sake, countries are starting to reconsider buying shit from our military industrial complex - say what you will about the corruption and waste, but we do make a lot of the best military hardware in the world right now. And that has implications for our own military as well, because the economy of scale is probably going to completely evaporate sooner or later.
Yea thats the funny conversation on Bloomberg from last week. Do we hit the -10% contraction in GDP before we get 2 quarters of negative growth? We shall see. Hopefully people remove their politicians before the elections or inspire them to unfuck the global economy.
I think he's trying to crash the USD so he can claim it's more volatile than crypto, and miraculously be the owner of the solution where he will continue to bleed the rest of the world dry of capital.
That makes a depressing amount of sense, and it’s also why the rest of the world will probably shift away from the USD standard within the next six months.
Lol. Boeing is going to stop being a real airplane company because of this
We already can't economically build ships for the navy because we've so dramatically hollowed out our steel refining and commercial ship-building industries. We're looking at a future where the US military is primarily a client of the international arms industry for everything but guns.
Can’t happen fast enough imo