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Not just the great depression but the greatest depression ever in history, I mean the biggest, noone ever caused a bigger depression
The Bigly Depression
However much pain we’re feeling and will be feeling, as a nation not individuals, we deserve oh so much more for our inhuman crimes in the name of capitalist private profit. We destabilized entire nations trying to become societies solely to maintain access to their resources for our capitalist’s exploitation.
Every American better hope nation state karma doesn’t exist.
Oh fuck off with this “deserves” bs. Everything listed on that infographic happened before I was 18. I don’t “deserve” any of this.
Yeah you do.
We’ve seen your browser history.
You’re screaming “fuck off, I don’t deserve any of this because those thefts were carried out before I was 18”, but you’re screaming that sitting on the stolen furniture in a stolen house. The crimes mentioned predating your eighteenth birthday doesn’t mean shit when you’re still benefiting from the results of those crimes.
If someone gets abducted and put in a stolen house with stolen furniture, are they to blame?
Like, I get it, we enjoy the privileges and share the responsibility to change shit. But responsibility and blame are two different things.
Agreed. The person I was replying to took the initial comment regarding nation karma for the US very personally and started ranting that he didn’t deserve this shit. No one blamed him, and I was trying to convey the same thing that you wrote: it doesn’t matter that we were not personally responsible for the historical crimes our nations committed, if the current society we live in still bases its wealth on what was stolen. We’d be indirectly benefitting from those crimes and therefore would have a responsibility to acknowledge that and try to do what we can to even things out if and when we can. Rejecting all links to those historical crimes and any responsibility for them can come across as arrogant to those on the other side of that equation, those who were robbed. But the person started hurling insults so I was obviously unable to communicate what I wanted to communicate.
Everyone is benefiting and being hurt by decisions made in the past or decisions that they cannot control. These are meaningless statements. They don’t cause action, they don’t make people feel like they should do something. They just annoy people. The statements are ignorant. You have no idea who I am, what I do, how I live, etc.
So you can also respectfully fuck off as well.
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I’m still waiting people understand that the way Trump treat Zelensky isn’t new in any way, most people are just aware of it now because it happened in Europe.
relax, dude
Let’s call it the Trump Effect, shall we?
Let’s call it the Trump Slump
Maybe Trump’s tiny Dow size?
To be fair, showing no historical correlation and just assuming the problem or separation started this year because it’s specifically indexed to the start of the year, is garbage math. Like, you got the correct answer, but you did the problem completely wrong.
Is there any chance for a future where the economy that matters, real people’s lives, production of useful goods and services, becomes decoupled from imaginary evaluations of billionaire’s gambling results? It really rustles my jimmies when I hear that a result of some banksters bet can get working families evicted and jobs dissapear.
Easy, do not have billionaires…
Um no? Have you been paying attention, at all?
So the boycott is working? Let it continue.
Honestly, I did not think it would work!
What are you boycotting?
Completely cut out all US food/drinks, other stuff it varies a bit but making an effort to avoid US stuff where practical.
is america great again yet? I think not.
Make America Great (Depression) Again?
They just need to try harder.
If they pulled themselves up by their bootstraps, they’d be set for life.
What ever could the problem be? Tariffs! No tariffs. Tariffs! No tariffs … well some, maybe. Tariffs! Delayed tariffs … delayed tariffs again.
This is why Warren buffet pivoted to cash liquid position.
That guy pours over countless documents and stats to make his moves. He probably knows what he’s doing more than most when it comes to predicting market turns.
I mean I feel like a recession is inevitable, but I’m just some random guy.
It absolutely is. I’ve sensed it coming for years now. Gen Y and Gen Z have been struggling under student loan debt. Car loans are getting years longer. People were micro-financing weddings and vacations. Now services like “Klarna” and Afterpay are just repackaged credit card debt.
The majority of people in America can not survive. College degrees aren’t enough to find a job, and raises/bonuses are non-existent. Most people are working for minimum wage, and that minimum wage is stagnant. If you had real estate or stocks, the boom in the housing and financial sector could offset this pressure, but with the majority of property getting swept up by large hedge funds, there’s no room for average Americans to get their foot in the door with a mortgage.
So what do people do? They stop buying. It’s the same market-stagnation effect that deflation has, only with all the micro-economic stress that inflation creates. It happened before in 1929. It’s happening again. Because America allowed itself to slip back into the capitalist trends that created the previous Gilded Age.
You know if you just use a sharpie to draw the line going up instead of down there isn’t a problem anymore.
USA is making itself weak and Canada + Europe strong.
Oh no, better double down on the cuntishness, fire all the workers and give ourselves an enormous bonus!
Maybe they should try more tariffs. More tariffs will fix it definitely.
We just need to hawk more $100k Teslas from the White House. …what a fucking embarrassment.
Yo dawg, I heard you like tar
riffs…Edit - Sorry… I’m usually better than that
Side note, why do people seem to struggle so much with the spelling of the word “tariff”? We’ve seen it so many times yet so many people get it wrong.
Hmm
Maybe easy to pronounce as “tear riff“ which would lend itself to the double R
Not really a side note, this is just the tip of the “American stupidity and overconfidence that got us here” iceberg.
Too much trade between the states. We need to rip up the Interstate Commerce Clause
Tbh Wall Street can fuckin off. They helped create this mess. If this ship is going down, let’s make sure none of the assholes find a seat on a life boat.
All of everyone’s retirement accounts are invested in the market. So it’s not just those assholes who get fucked by this.
In the USA, not everywhere, luckily. It’s as if the repercussions will hit you guys harder than the ones Trumpet is trying to blow at.
In fact, those assholes will be fine. WE won’t.
and the only way to turn it around is a lot of angry people with guillotines
Lucky me, I don’t have any retirement investments!
Maybe it will force Americans to do something against that? If no one has any retirement, there’s bound to be a lot of public outcry. There’s nothing to lose if you have nothing.
How much of retirement accounts represent in % for the overall stock market?
Not much, but the peecent of people who have their money in stocks for retirement is high.
Assuming that all of the equities held by the bottom 99% are invested in retirement accounts, it would be 50.1% of the market. [https://www.federalreserve.gov/releases/z1/dataviz/dfa/distribute/table/#quarter:140;series:Corporate equities and mutual fund shares;demographic:networth;population:all;units:shares]
I switched to cash last week.
All of everyone’s retirement accounts are invested in the market.
Americans not willing to recognize that Social Security exists is such a fucking capitalist vibe
Social security is not enough to live off of. Is projected to be unobtainable for future generations who are paying into it, and is currently on the chopping block
If the billionaires actually paid their share into it, it would be fine…
Yes.
Social security is not enough to live off of.
Nevertheless, it is 40% of retirement income. And none of it comes from the stock market.
projected to be unobtainable for future generations
Projected by advocacy groups trying to abolish social security.
You are being untruthful and dismissive: https://www.ssa.gov/oact/tr/2024/tr2024.pdf Page 9 is the jist.
They are going to have to change something either raise the retirement age or lower the payments both which make it more unobtainable then it already is. And that 40% is based what people make… in a time of rising inflation and stagnant wages…
The fact that social security is not tied to the market is super irrelevant, when the argument was that the 401k is in danger, when social security already is not enough to live on. so it’s important that people have a successful 401k to supplement it.
The real solution is making the average wage go up. Significantly. Which puts more money into the program overall.
With so much money having been shifted away from the average worker and Into the pockets of people who hit the FICA cap in their first paycheck of the year, over the last few decades, it was bound to have issues.
I agree with that, or a ubi, or taxing the rich. All that jazz
They are going to have to change something either raise the retirement age or lower the payments
Or just pay directly out of the general fund, which they can do with a simple vote in Congress and which they already do for Medicare/caid.
The fact that social security is not tied to the market is super irrelevant
It is the primary argument both for and against the program. Investors kick and scream about the benefits of compound interest, right up until a big market nosedive and bankruptcy spree. Meanwhile, it’s the benchmark for guaranteed basic income that progressives love to reference.
Decoupling income from economic growth isn’t irrelevant. It’s the program’s entire raison d’etre.
You would have the tax payers pay even more of the burden now, with out the benefit of even having it contribute to their social security… to pay the gap in social security, damning the tax payers twice. That’s not a permanent solution on top of that! I’m not saying social security should be attached to the market. I mean we are talking about the market fall after all! I am saying that being flippant that everyone Just needs to remember they have social security is dismissive and not relevant.
Oh you can be sure Congress will be working overtime to pass a bill with relief to those big businesses that cannot fail.
You think they aren’t already profiting off of the downturn?
half of them voted for this guy, so yeah I’m wondering whether they actually saw it coming or not
They’ll buy everything that collapses up at a great discount
yeah but will it actually rise again
What’s interesting to me is that the “shape” of the line still matches the global line pretty well so there are some “fundamental” aspects that still affect markets, but overall we’re in a nosedive for “some reason.”
Sometimes The USA line goes up when the world line does, but sometimes it’s totally inverse, as the world quickly dumps US stocks and invests elsewhere.
