US Federal Reserve prepares for next crisis, bets it will begin like the last - Polidicks

The United States was at risk of falling to fascism after the Great Depression, like Germany and Italy, but Franklin Roosevelt was elected, same for Obama in 2008, when the economy sucks owning the libs takes a back seat.

So, is it going to be like a 1929 crash 2: electric boogaloo type of economic crash or is it going to be something like the 2008 crash?

A recession may be what the country needs to counter conservatives. Every crash is blamed on the ruling party, regardless of whether or not they actually played a part in it. In the 30's, the blame was on Hoover, and in 2008, it was on Bush. Both cases resulted in the election of the opposite party.

I'm wondering if it will come from the education debt bubble. I can't imagine it not bursting at this moment in time.

I'm scared, man. I'm fucking scared.

As things stand now, everything points to it being like the Great Depression, except much, much worse.

We will crash, but any recent estimate puts it years away however the damage beyond the 2008 collapse and closer to the Great Depression. However the biggest change will be the one our electorates ask for after the crash which will most likely see the rise of borderline fascist-like governments and a full retreat from globalism and international institutions.

Not only do you have absolutely no clue how the federal reserve works, the primary cause of every recession is always from fiscal policy, not monetary.

Will that even matter? I mean seriously, they will blame Democrats anyhow for any fault of their own and are basically anywhere anytime in 100% spin fake outrage mode. When the other party doesn't care about reality or facts anymore, what's stopping from playing the blame game forever. The GOP and their base have dug their heels in, in a Country where the shifting non-white demographic and the ever growing cities basically means fewer and fewer votes for the GOP, so they throw every rule, tradition, principle or ideal overboard just to stay in power. Just for losing this nebulous concept of "white privilege".

Oh God Dammit. My buddy and I wanted to start up a business.

Do you have any idea what "globalism" is? No? Oh that explains why your rants are so ill informed.

this isnt true. with the state of propaganda these days, McConnel could eat a live baby live on tv and plenty of people will still blame democrats

At this point, why should I say in the US? There's like zero economic incentive outside of being a wage slave and I'll probably never get a proper paycheck anyway. Can't open up a business because every time progress is made, fuckheads up stairs with all the money gamble and fuck everything over again.

Perfect time for a trade war :excited:

Honest mistake, Globalisation. I think even you could probably pick up that error. We will see everything that been built up in the last 30-40 years begin to diminish after such an event unless there is a debt write off.

I mean really, I don't care. In either case, globalism or globalization, you're just puling shit from your ass, showing it to the class and going "aren't I the smartest kid on the block?" with nothing to show for it but shitty hands.

Woah calm down there Canada, no reason to go flying off the rails. Without that debt write-off everything grounds to a halt, everything from non-essential or even essential trade to the benefits you can claim from your government.

Do you have, even one mildly trust worthy source that confirms that global econimics will grind to a halt because globalization is bad? Lets ignore the fact that you literally couldn't get on the internet without minerals from specific mines located in various different countries(none of which you belong to) showing that at the very least, globalization is mandatory for our current economy that is based on technology. Because if you don't ignore that, your whole view point collapses from the shaky house of cards it is, to the actual pile of shit it will be.

Without globalization his notion that Brexit will benefit New Zealand goes out the window, too. Whoops.

International trade will slow as a result, mostly because of private debt collapse not governmental, in a lot of cases it will change especially as countries push towards reducing external risk or independence with nationalisation being the key point moving forward. You can have the trade, but it certainly doesn't mean globalisation is mandatory with this amount of risk attached to it, thus we will see governments move to reduce that risk. If such an event does happen, watch as economic theory fails to save the day, because we can't buy our way out of this one.

Do you have even one source for these extraordinary claims?

Nothing extraordinary about our central banks not having ammunition to fight off another 2008. https://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=12126427 Being hooked on QE is another issue that has been in the news for a while as there has been overall concern about leaving QE and that the act of stopping QE may cause its own recession. It shouldn't be hard for even you to realise that if our biggest issue going forward is private debt and our pensions etc are on the line, then what will people have left? I mean apart from a massive pile of debt from the mortgage they took to buy their new house. 2008 was nasty, but our governments bought their way out of it, and now they've made it clear that there isn't anything left to do that again.

Tech, debt or housing, pick your poison cause they're all overvalued atm.

I don't think you even read the things you link mate.

That is the only link I could find since Chrome only has its own local history and not the others from across the other devices logged in. The theme and same message has come up across multiple articles in the last couple months, if I could find them, I would link them. Globalisation won't go away, never said it will, but we will see it reverse to a degree, the trade will still occur, never said it wouldn't, however it will be what the average consumer can afford after the next crash, which won't be a lot due to the private debt issues. If we see a crash, which causes the private debt to come about we will see businesses collapse, people lose their jobs and then only the governments that can afford to balloon their deficits to survive, all because we now hold more debt than ever before.

There's places in middle Tennessee that are gorgeous. Big ass yards, two stories, several bedrooms and bathrooms, going for as little as 75k The problem is, the closest store is a dollar store, and a non super center walmart 15-20 minutes away, and the internet is probably next to useless

I'm going to pick all 3 because they're all linked.

The bigger problem is that there's just no real economy in these places. Small towns all over the country and experiencing that problem. The Rustbelt is an example of the worst, thousands of dying towns with a shrinking tax base and no economy.

But this is Obama's economy.

Just because he built it up doesn't mean Trump isn't to blame when the current government knocks it down.