We're completely fucked

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We're completely fucked Anonymous 2022-05-24 (Tue) 18:42:15 No.455324

The FED just popped the biggest bubble in the history of man kind and we are about to experience one of the most dramatic down turns in history.

The question is what are YOU doing in order to take control of history and lead the prolotariate out of this endless market anarchy?

Look at this:
https://www.wsj.com/articles/more-subprime-borrowers-are-missing-loan-payments-11652952602

subprime loans are begging to default

This is the same kind of predetory borrowing that we saw in the 2008 financial crisis and these people, forced to choose between debt and good in the face of infaltion, obviously are choosing food.

Fanne Mae expects economic contraction in the housing market.

https://therealdeal.com/2021/04/20/fannie-freddie-say-housing-market-could-see-slight-hiccup/

Not only are subprime loans defaulting, but, the housing market bubble is finally about to crash; At historic highs the housing market bubble is about to crash and, of course, the poorest people are the only ones who are going to loose to this and massive monopolies like blackrock are going to get much richer.

Food Shortages are about to occur

Ukraine and Russia are just the tip of the ice burg. Ukraine and Russia are responsible for a not so insignificant portion of the worlds exports of grains and if you haven't noticed sanctions on Russia and war against Ukraine are making global wheat supplies dry up.

https://www.reuters.com/markets/commodities/indonesia-mps-seek-palm-oil-export-ban-review-industry-warns-storage-2022-05-19/

India has started Closing off to the global economy and egypt has as well and many other countries are about to follow as this becomes a cascading effect where each country is looking out for its own.

African nations are literally about to straight up starve. The sitution is extremely dire.

Economics say it could be 3 - 4 years before we bounce back, but, nowing the truth I think we are about to enter a straight up great depression the likes of which we have never seen and will not even remotely bounce back till 2030. As we all know this is because of the greater over arching system of capital and its mad dash for profits, but, the fed raising interest rates after lowering them in covid might have just done the trick.

Prepare for dark days ahead.

More reading:

https://www.bloombergquint.com/business/scorching-heat-in-india-to-deal-new-blow-to-global-wheat-supply

https://www.insider.com/world-has-10-weeks-of-wheat-supplies-left-in-storage-food-expert-warns-2022-5

https://www.reuters.com/business/finance/imf-says-governments-must-protect-vulnerable-when-things-fall-apart-avert-unrest-2022-04-20/

Anonymous 2022-05-26 (Thu) 01:47:23 No.455334

>>455324
Well good. I'm tired of living under capitalism. If it has to turn to fascism first, so be it, because at this point i don't want to have spent my entire life in waggie monotony. Let whatever happen happen, let conditions worsen for a bit and if a socialist sentiment doesn't overtake america then china overtake it in ww3

Niggerdick69 2022-05-26 (Thu) 01:58:38 No.455335

File: 1653530317346.jpg (30.5 KB, 453x604, bitch.jpg)

It's ok. I don't know what a subprime loan is or Fanne Mae.
Remember Mcdonalds got out of Russia so we got more of those now.

Anonymous 2022-05-26 (Thu) 02:47:12 No.455336

>>455334
I would give literally anything to have a Chinese governmental system in this country at this point, tbh.

Anonymous 2022-05-26 (Thu) 07:36:43 No.455337

I warned you bro, I told you dog

Anonymous 2022-08-09 (Tue) 22:53:26 No.456067

So the US had it's economy contract for two quarters in a row, by their own definitions they are in a recession. What does this mean for workers?

Also there are increasingly many protests in numerous countries, mostly european ones from what I've seen hints of. Completely not covered by the media. Should I be optimistic that western societies are approaching revolutionary conditions?

Anonymous 2022-08-10 (Wed) 01:31:59 No.456069

Corporations are sitting on trillions in cash. It's going to be a decade before we see this bubble pop.

Anonymous 2022-08-10 (Wed) 01:49:25 No.456070

>>456067
>What does this mean for workers?
I think it's actually a good sign because the unemployment continues to slowly fall.
I think we're at an inflection point where the efficiency gains from IT, and illegal immigration are tapped out.
Businesses will continue to shrink but this will not be accompanied by an erosion of worker political power because there is no way to squeeze more value out of them.
I predict we'll see more desperate attempts at deploying half baked technology like self-driving trucks and trains that will go hairwire or be hacked, or genetic engineering products that give you cancer.

Anonymous 2022-08-10 (Wed) 04:51:51 No.456073

>>456070
And I'll be sitting nice from my comfy factory job.

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