Recession - 2022 / 2023 / 2024

[BuildingConceptsllc]

And they will all blame Trump for the shitfuck "Economy" they pass on to him.

Thats true, they are still blaming Trump now but he can still make improvements immediately and the economy will come back quickly. The real key is getting legislation passed though to codify some changes so the next potus can't reverse it like biden did with so much stuff.

 

[Fig]

For that you have to control more than one house, and it has to be by more than a couple of vote margin, because the Republicans are now the diverse party with a wide range of views, and the Democrats are completely united under Marxism. They have gotten rid of any ledgeslator who is not 100% on board with their radical, leftist ideology. Where as we have libertarians, social conservatives, believing Christians (now called Evangelicals), fiscal conservatives who are socially liberal, etc. The Republicans are not unified on much, so they need a much larger majority than Democrats to get anything passed.

It used to be that the left was a coalition, but now they're entirely monothink, and for expanding Federal power massively beyond it's Constitutional bounds, not that it already isn't, but now they're for wiping their asses with the Constitution. I don't know about you, but that qualifies as a "Domestic Enemy" by my reading.

 

[NoDopes]

I don't know about you, but that qualifies as a "Domestic Enemy" by my reading.

I mean... stealing the 2020 election... kinda by definition.

 

[Gary/CO]

And they will all blame Trump for the shitfuck "Economy" they pass on to him.

They pray that the wheels fall off before Trump returns to office. I'd rather have the ship slip under Pedo Pedro than the Malevolent Sunkist Entity (Bad Orange Man) take the heat. I blame the Fed Res, the Congress of 1913, Woody Wilson, LBJ (guns 'n butter which drained our nation of the yaller metal) and then QE/TARP (both which fixed nothing and put us on today's downward trajectory)

 

[Fig]

True dat. Wilson and the "Progressives" of the turn of the century laid the seeds of our destruction. They're the ones who altered the Constitution and negated many of it's protections and restrictions on Federal power.

 

[Wizard1183]

They pray that the wheels fall off before Trump returns to office. I'd rather have the ship slip under Pedo Pedro than the Malevolent Sunkist Entity (Bad Orange Man) take the heat. I blame the Fed Res, the Congress of 1913, Woody Wilson, LBJ (guns 'n butter which drained our nation of the yaller metal) and then QE/TARP (both which fixed nothing and put us on today's downward trajectory)

I don’t crash happens until next yr. They’ll find a way to crash it under Trump. I invite it. We need one. When it happens, if you don’t at minimum triple your ROI? You’re doing something wrong

 

[SilentStalkr]

I don’t crash happens until next yr. They’ll find a way to crash it under Trump. I invite it. We need one. When it happens, if you don’t at minimum triple your ROI? You’re doing something wrong

In some ways I agree. I made a lot of money, well for a little peon like me, in 2020 because of the Covid crash. With that said, I think the boys earlier in this thread are talking a very different type of crash, one where nobody is going to be safe. There is a lot of people speculating a 1929 type crash or worse, which will be a worldwide crash. And we have a lot more people to feed and resources needed today than we did in 1929 so…and what really pulled us out of it last time? Think about that.

 

[Wizard1183]

In some ways I agree. I made a lot of money, well for a little peon like me, in 2020 because of the Covid crash. With that said, I think the boys earlier in this thread are talking a very different type of crash, one where nobody is going to be safe. There is a lot of people speculating a 1929 type crash or worse, which will be a worldwide crash. And we have a lot more people to feed and resources needed today than we did in 1929 so…and what really pulled us out of it last time? Think about that.

I think we’ll have a depression again when it crashes but I don’t think it’ll last a decade. There’s starving people today as there were back then. It won’t be good for many but I don’t think they’re going to allow civil wars to happen cause then? No one is safe. Even the ones that created this

 

[Emerson0311]

In some ways I agree. I made a lot of money, well for a little peon like me, in 2020 because of the Covid crash. With that said, I think the boys earlier in this thread are talking a very different type of crash, one where nobody is going to be safe. There is a lot of people speculating a 1929 type crash or worse, which will be a worldwide crash. And we have a lot more people to feed and resources needed today than we did in 1929 so…and what really pulled us out of it last time? Think about that.

I have. I told my boys if a draft comes they may have to make some tough choices. If they end up in uniform, incredible fitness is the best way to get into units that are a bit more professional and likely to keep a guy alive. Cannon fodder is cheap to politicians.

 

[Wizard1183]

I have. I told my boys if a draft comes they may have to make some tough choices. If they end up in uniform, incredible fitness is the best way to get into units that are a bit more professional and likely to keep a guy alive. Cannon fodder is cheap to politicians.

Wars are no longer really fought with foot soldiers so I don’t see a draft ever happening again

 

[SilentStalkr]

There is some semblance of all kinds of war going on right now, even for the US. And the US is hanging on by a thread. For how long, nobody knows but most are too blind to see it. Internal and external conflict, likely by design. Likely some serious backdoor coalitions that those that should know are either not noticing or turning a blind eye to. It’s kind of like I said about the VZ gangs of illegals taking over US territory. It’s happening and it could be stopped overnight, but it isn’t. Ask yourself why?

 

[Emerson0311]

Wars are no longer really fought with foot soldiers so I don’t see a draft ever happening again

The guys in Ukraine on both sides seem to be in pretty similar situations to grunts in wars past. Without it’s present overwhelming tech advantages, NATO is in the same spot.

 

[lariat]

In "Last Hurrah", Credit Card Debt Unexpectedly Soars Despite Record High APRs As Savings Rate Hits Record Low | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

"
Yet with consumers ever more strapped for actual cash and equity, as the personal savings rate in the US collapses from over 5% to 2.9% - the lowest since the Lehman bankruptcy - in just one year, as all the excess savings from covid are long gone...



... there is only so much more credit card maxing out that can take place before reality finally sets in, as can be seen in the next and perhaps most striking chart yet: total credit card debt is at an all-time high while the personal savings rate is record low!



Then again, with the election less than two months away - one which ensures that any credit-card fueled spending must be encouraged - don't be surprised if the White House directly orders banks to just ignore soaring delinquency and charge-off rates...

"

 

[NoDopes]

U.S. bankruptcy filings spiked in August after slowdown in July​

Filings for the year through August are highest since 2020 and second-highest since 2010, S&P Global Market Intelligence says​

https://www.marketwatch.com/story/u-s-bankruptcy-filings-spiked-in-august-after-slowdown-in-july-7cc117dd

 

[lariat]

Fed goes big with interest rate cut in a bid to head off an economic slowdown

The Federal Reserve uses its federal funds rate, which serves as a benchmark for interest rates in the rest of the economy, as its main tool for regulating inflation and unemployment.

www.nbcnews.com

 

[Lightning8]

Wars are no longer really fought with foot soldiers so I don’t see a draft ever happening again

Tell that to the Ukrainians and the Russians

 

[Gary/CO]

Fed goes big with interest rate cut in a bid to head off an economic slowdown

The Federal Reserve uses its federal funds rate, which serves as a benchmark for interest rates in the rest of the economy, as its main tool for regulating inflation and unemployment.

www.nbcnews.com

Hence the rise in equities creating an artficial sense of wealth. Those electronic digits to grow (and historically did in hyper-inflation). Precious metals are also up and that reflects inflation.

 

[NoDopes]

Are you freaking high?

His point was that 100's of thousands of foot solders are dying on both sides... Hard to say we don't have foot solders in wars any longer.
At this point, I think everybody is as high as Zelenskyy.

 

[Huskydriver]

His point was that 100's of thousands of foot solders are dying on both sides... Hard to say we don't have foot solders in wars any longer.
At this point, I think everybody is as high as Zelenskyy.

I quoted the wrong guy smh

 

[Huskydriver]

Wars are no longer really fought with foot soldiers so I don’t see a draft ever happening again

Are you high?

 

[Fig]

This is more of a qualitative observation, but I am involved with Hero's Care (only military and veterans) and another charity that operates food pantries, and the shelves are fucking EMPTY. Americans are literally going hungry, and that doesn't happen very often with how much chairitable activity normally goes on.

Biden/Harris has more than doubled the child poverty rate in their very short tenure:


You know its bad when even the commies are taking note.

 

[lariat]

This is more of a qualitative observation, but I am involved with Hero's Care (only military and veterans) and another charity that operates food pantries, and the shelves are fucking EMPTY. Americans are literally going hungry, and that doesn't happen very often with how much chairitable activity normally goes on.

Biden/Harris has more than doubled the child poverty rate in their very short tenure:


You know its bad when even the commies are taking note.

We are noticing the same thing here locally at the food bank. Talking to one of the board members of the bank they stated that it was all types of both lower and middle income. The poor are the usual customers, but it changed this year. Newer cars and much longer lines. They stated that people are finding out that through inflation, increased taxes and debt payments that they cannot make ends meet and the food bank is now running too lean. Their fear is that if something goes sideways it's going to be very bad.

 

[Fig]

Their fear is that if when something goes sideways it's going to be very bad.

FIFY

 

[SilentStalkr]

We are noticing the same thing here locally at the food bank. Talking to one of the board members of the bank they stated that it was all types of both lower and middle income. The poor are the usual customers, but it changed this year. Newer cars and much longer lines. They stated that people are finding out that through inflation, increased taxes and debt payments that they cannot make ends meet and the food bank is now running too lean. Their fear is that if something goes sideways it's going to be very bad.

If something goes sideways, 1929 will look like a walk in the park in comparison.

 

[lariat]

The U.S. is experiencing its first East Coast port strike since 1977. Here's what to know.

Thousands of East and Gulf Coast port workers launched a historic strike on October 1. Here's what's at stake.

www.cbsnews.com

 

[Newlongrange]

I have. I told my boys if a draft comes they may have to make some tough choices. If they end up in uniform, incredible fitness is the best way to get into units that are a bit more professional and likely to keep a guy alive. Cannon fodder is cheap to politicians.

This is my concern.

My oldest just turned 16, still a little early to be forced in but I definitely don’t want him enlisting. He wrestles so he’s in much better shape than a lot of kids his age.

My youngest is way off enlisting and with his CVI would be unable to fortunately.

 

[Newlongrange]

The U.S. is experiencing its first East Coast port strike since 1977. Here's what to know.

Thousands of East and Gulf Coast port workers launched a historic strike on October 1. Here's what's at stake.

www.cbsnews.com

October “ surprise “?

The real question is will it sink her chances?

 

[Emerson0311]

October “ surprise “?

The real question is will it sink her chances?

No, labour issues will not stop idiots from living their retarded dreams.

 

[babyguppy]

Greatest Economy ever.. gov tells me so and Kamala wouldn't lie

Walgreens to close 1,200 stores nationwide, says 1 in 4 locations are unprofitable​

https://nypost.com/2024/10/15/business/walgreens-to-close-1200-stores-nationwide-says-1-in-4-unprofitable/

must suck to watch that merchandise 'walkout' the door without getting paid for. Great Job California
who pays.??. the honest person with higher costs passed on to the consumer.

 

[Gary/CO]

In competition with CVS Pharmacy, Walgreens overexpanded to meet store for store. Every couple of blocks there was either a CVS or Waalgreens. California's raising of minimum wage to $15 hurt both chains as cost of labor/doing business shot up and made them less profitable. Then the legalization of theft in CA ($999 is petty theft instead of $399 so no cop shows up to take the report or make an arrest) meant a lot of CA stores aren't profitable. Mobs in NYC also make stores unprofitable.

The American consumer for large part has been tapped out. Less dining out and restaurant chains are folding. Even sales at McD and other fast food (if they can be dignified by calling it food) are down!

Remember, how you save determines whether you saved at all. Counter-party risk (reliance on another party to fufil their end of the contract/bargain) is very high. Hope y'all read David Rogers Webb The Great Taking or at least listened to the free audio book.

 

[Wizard1183]

In competition with CVS Pharmacy, Walgreens overexpanded to meet store for store. Every couple of blocks there was either a CVS or Waalgreens. California's raising of minimum wage to $15 hurt both chains as cost of labor/doing business shot up and made them less profitable. Then the legalization of theft in CA ($999 is petty theft instead of $399 so no cop shows up to take the report or make an arrest) meant a lot of CA stores aren't profitable. Mobs in NYC also make stores unprofitable.

The American consumer for large part has been tapped out. Less dining out and restaurant chains are folding. Even sales at McD and other fast food (if they can be dignified by calling it food) are down!

Remember, how you save determines whether you saved at all. Counter-party risk (reliance on another party to fufil their end of the contract/bargain) is very high. Hope y'all read David Rogers Webb The Great Taking or at least listened to the free audio book.

A collapse of economy is coming. However they’re geared for it. Robotics will replace jobs which they hope will be cheaper than human error, but with planned obsolescence, I don’t think so.

 

[babyguppy]

Economy is so GREAT, Greatest EVER; people have more $$ now than ever before.. a quote probably from every Dem running for office

https://www.breitbart.com/economy/2024/10/22/dennys-closing-150-restaurants-next-year-reducing-menu/

Denny’s Closing 150 Restaurants over Next Year, Reducing Menu​

with the company noting that adults were ordering off the kids menu to save money.

 

[NoDopes]

MSN

TGI Fridays Closes 50 Stores as It Prepares for Bankruptcy​

 

[91Eunozs]

MSN

TGI Fridays Closes 50 Stores as It Prepares for Bankruptcy​

Bummer… I can neither confirm nor deny that their ready-to-drink mudslide can be carried into and sipped throughout the entirety of a staff meeting when transferred to a Starbucks Frappuccino bottle!

 

[Gary/CO]

My brother would remove a triangular piece from a watermelon and infuse the melon with dreaded verboten alcohol. He'd then carry the melon into a concert.