you can maintain make-believe “all good nothing to see here” for only so long until the reality becomes undeniable. given that cost of living crisis is already running roughshod through the economy - it’s not a good sign and it will get worse.
That’s what I’m saying, it’s probably not going to be a crash, just the cost of living crisis on steroids. My moneys still on mass hunger riots next year
Even last year I would’ve said “hold ya horses, pardner” but these days I think you’re onto something. The way big tech keeps on screwing everybody while other parts of the economy actively sink is concerning.
This is the “planned economy” also known as a dreaded “communism”(1950-1989). We all know how it works. Some unqualified persons make choices on how to use the nations resources and all the sudden food and energy stop showing up.
my country went through it - i don’t remember energy shortages but the food shortages were real. That systemic mismanagement over decades with fudged performance figures up and down piled up so high it’s a miracle things weren’t worse. Took a solid decade just to clean this mess
Many such cases!! It’s pretty well studied ant this point. We designed the world economy around food security for the last 80 years. It was a tragically flawed system and was slowly perverted, but the rapid destruction of these supply chains is certainly not going to end well for some.
The crash is going to be spectacular.
How will we crash if the White House controls the Fed? This is gonna be a different kind of financial catastrophe.
you can maintain make-believe “all good nothing to see here” for only so long until the reality becomes undeniable. given that cost of living crisis is already running roughshod through the economy - it’s not a good sign and it will get worse.
That’s what I’m saying, it’s probably not going to be a crash, just the cost of living crisis on steroids. My moneys still on mass hunger riots next year
Even last year I would’ve said “hold ya horses, pardner” but these days I think you’re onto something. The way big tech keeps on screwing everybody while other parts of the economy actively sink is concerning.
This is the “planned economy” also known as a dreaded “communism”(1950-1989). We all know how it works. Some unqualified persons make choices on how to use the nations resources and all the sudden food and energy stop showing up.
my country went through it - i don’t remember energy shortages but the food shortages were real. That systemic mismanagement over decades with fudged performance figures up and down piled up so high it’s a miracle things weren’t worse. Took a solid decade just to clean this mess
Many such cases!! It’s pretty well studied ant this point. We designed the world economy around food security for the last 80 years. It was a tragically flawed system and was slowly perverted, but the rapid destruction of these supply chains is certainly not going to end well for some.
there is also an issue with the scope of the whole system. it is way too big and too tangled to function smoothly.