Economic Fallout: Pandemic, Brandon, Money Printer Go Brr, Ukraine.

[Bacle]

The US sorta did that with wolves, coyotes, cougars, and bears (i.e.: every predator big enough and/or quick enough that's not a human or a large dog).

Only on the East Coast; west of the Mississippi there are still a lot of large predators around and they've learned how to survive around/avoid humans.

 

[bintananth]

Only on the East Coast; west of the Mississippi there are still a lot of large predators around and they've learned how to survive around/avoid humans.

Hence the "sorta" and not for lack of trying ...

 

[Lord Sovereign]

(Looks on twitter. Sees stuff about protesting and rioting already breaking out across multiple nations because of the cost of living crisis and inflation).

Sooooo...gentlemen...how bad do we think this one is going to be? Out of ten. Because I think we ought to settle in for a breathtakingly shit decade. Clown decade indeed.

Let's hope the 2030s might be better.

 

[Captain X]

This might be a false hope, but I'm hoping getting more Republicans in congress will turn things around for us.

 

[sillygoose]

This might be a false hope, but I'm hoping getting more Republicans in congress will turn things around for us.

Sorry to be the bearer of bad news, but the GOP is just a different side of the same coin. Trump ain't going to save us either.

 

[Captain X]

 

[Bacle]

This might be a false hope, but I'm hoping getting more Republicans in congress will turn things around for us.

We'll see in a few months.

All these predictions of a red wave feel premature, and seem like cope after what happened in 2020.

Frankly the Dems and their masters have spent decades infil'ing most US institutions to enact their agenda(s) with coordination on multiple levels, while the base of the Right just wants to grill or live a 'simple life' thinking that the Dems would be willing to 'live and let live'.

It'll be rather hard to reverse the trends that got us to this point, and societal issues are only accelerating, not slowing down, so trying to pull what the Dems pulled over decades in just a few years feels farcical. The GOP is controlled opposition for the most part, and the neocons have no problem fucking over their base to stay with the 'in-crowd' in DC.

Best hope for the US's future is a 'peaceful divorce' as Tim Pool puts it, because we are the 'United' States in name only, and the different parts of the country and US society are moving further from a common ground, not towards it.

I mean even if the 'divorce' is literally just ejecting Cali and New York, like amputating gangrenous limbs, the current US is unlikely to last as a cohesive entity in the not to distant future. The faith and trust in public institutions is gone for the most part, the red vs blue state divide is only getting more contentious, and the Dems have shown they can and will get away with rigging elections.

Deal with the suck, and learn to live with it to try to find a way to unfuck things for future gens, instead of complaining about 'negative waves'.

 

[Simonbob]

Sorry to be the bearer of bad news, but the GOP is just a different side of the same coin. Trump ain't going to save us either.

The GOP won't, but there's a number of serious shifts in primaries, that might have some actual effect. Might, there's still massive Deep State to starve.

 

[sillygoose]

The GOP won't, but there's a number of serious shifts in primaries, that might have some actual effect. Might, there's still massive Deep State to starve.

All politicians are bought and paid for or at least have some blackmail material on that them prevents them from acting out of pocket. So if you expect the starvation of the Deep State after what happened to Trump I'm sorry, it isn't going to happen. The only way that the current system gets overthrown is a national strike or violent revolution.

 

[strunkenwhite]

All these predictions of a red wave feel premature, and seem like cope after what happened in 2020.

Eh, it depends on how big a wave they're predicting. The party not in the White House usually gains seats in the House and almost any gain would give Republicans control. The catch is that this cycle is so damn weird and there are so many indicators pulling in different directions. I personally don't have enough confidence to predict either way, other than the potential Republican gains are bigger than the Democratic ones. That is, Republicans could gain a lot, or lose a little. But when I say "a lot", don't expect a House supermajority, let alone a Senate one.

 

[PsihoKekec]

The last time Republicunts had both houses, president and friendly Supreme court, they did jack shit undoing the damage Demonrats did.

 

[Cherico]

The last time Republicunts had both houses, president and friendly Supreme court, they did jack shit undoing the damage Demonrats did.

To be fair last time around all they had to do to earn approval was simply not make things worse for people.

This is why the republican esablishment is so prissy going from having to do nothing to having to do something isn't fun.

 

[strunkenwhite]

The last time Republicunts had both houses, president and friendly Supreme court, they did jack shit undoing the damage Demonrats did.

Well, there's trying to predict the results of the election, and there's trying to predict the result of those results. I'm not even interested in trying, there. Not before the middle step is passed.

 

[Agent23]

Well, it was a fun eurodollar hegemony while it lasted.

 

[strunkenwhite]

I can definitely trust the "Financial Repression Authority" to have a sober analysis free of motivated reasoning.

 

[Agent23]

I can definitely trust the "Financial Repression Authority" to have a sober analysis free of motivated reasoning.

In a note published earlier, Zoltan Pozsar, Global Head of Short-Term Interest Rate Strategy at Credit Suisse, wrote this crisis is not like anything we have seen since President Nixon took the U.S. dollar off gold in 1971 – the end of the era of commodity-based money. When this crisis is over, the U.S. dollar should be much weaker. He believes the global monetary system will never be the same post the crisis.

Zoltan Pozsar is a Visiting Scholar at the IMF. Prior to the IMF, Mr Pozsar was with the Federal Reserve Bank of New York’s Markets Desk where he led the Bank’s efforts to map and monitor the shadow banking system. Mr Pozsar consulted policymakers globally about shadow banking including the US Department of the Treasury, the White House, the BIS, the Bank of Canada and the Bank of England. During the financial crisis Mr Pozsar was part of the Markets Desks’ daily cross market monitoring efforts, informing FOMC members about market developments. Prior to the Fed, Mr. Pozsar was a US macroeconomist for six years at Moody’s Economy.com

Pozsar has rather impressive credentials and insider knowledge.
Recently, Ray Dalio, the founder of the world's biggest hedgefund, said that the dollar's days as a global reserve currency are numbered.

 

[strunkenwhite]

Pozsar has rather impressive credentials and insider knowledge.
Recently, Ray Dalio, the founder of the world's biggest hedgefund, said that the dollar's days as a global reserve currency are numbered.

Pozsar's letter is an interesting read, I'll admit. Dalio's been saying that for a while.

 

[Agent23]

Pozsar's letter is an interesting read, I'll admit. Dalio's been saying that for a while.

Dalio saw the subprime crisis coming, also, he has done a lot of research in the subject of nations and economies rising and falling and cites actual, tangible figures regarding the lifespan of reserve currencies.

Jack Burry also appears to be rather bearish and he was even advertising a book called Dying of money.

Buffett is bearish, so is jeremy Grantham.

So, yeah, if there are over a hundred years of combined, practical experience behind that analysis then I will side with that.

 

[Arch Dornan]

‘Firms will go bust’: Germany prepares for a future without Russian gas

Germany is bracing for supplies to be cut by Moscow in retaliation for sanctions or as part of an energy embargo

www.theguardian.com

 

[Carrot of Truth]

‘Firms will go bust’: Germany prepares for a future without Russian gas

Germany is bracing for supplies to be cut by Moscow in retaliation for sanctions or as part of an energy embargo

www.theguardian.com

I bet Germany backs off on all of its moronic green shit.