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  • PaX [comrade/them, they/them]
    ·
    edit-2
    4 months ago

    There's been like 10 different "impending economic collapses" since 2008

    It's not like there weren't plenty of opportunities, most recently when COVID got started and the feds had to give enormous amounts of free money away to keep the econony from imploding or the recent bank collapses

    Idk, maybe it amounts to nothing or is averted somehow, we see but it's not nothing either, an enormous amount of fictitious capital just got wiped

    • Diuretic_Materialism [he/him]
      ·
      4 months ago

      And the US still has dollar hegemony so more fictitious capital can me made.

      Nothing ever happens.

    • Biggay [he/him, comrade/them]
      ·
      3 months ago

      Economy was already very shaky before COVID hit, seemed like the market was teetering when it was rapidly jumping +/-2% day to day when COVID finally took control of the narrative that everything was blamable on it. COVID made me pretty conspiratorial about that, it was a really convenient shock to allow the economy tumble and for the government to fully subsidize it.