DOW Crashing

Yeah sure, if we consider having a 0.000000001% share in Apple as making you bourgeois then you're right. Which is why stocks are a game for the rich to get richer.

...

At best it would make you petit-bourgeois.

wow, 100 USD what a great relation to the MoP

t. doesn't read books

...

How low does it need to go to provoke a depression?

For fun I calculated this and one share of Apple, which costs 160 dollars, is equal to 0.0000000191797217% of the company.

So we could say that a worker with $160 could effectively buy a high-valued stock and make some money off it - but wait! You'll need a minimum amount of money to open a trading account at any brokerage, a suggested amount would be $1000 for a discount firm. Let's say we found one that would accept our $160 though. So if we want to actually buy a position, we need to submit that order, but uh oh, we'll be charged fees to make the transaction. Fees are usually charged flatly, irrespective of the actual value of the trade, with a low amount being $10. So to invest our $160 we would actually need $170, and we've lost money before we even start. Now we'll need to hold the stock for two years to make a profit, to simplify things lets say our stock grows in value at the average of 7%. So, if we hold for two years, our stock will have grown in value to $182 which is more than we paid for it. To cash out, we'll need to pay more fees, so our stock is now worth $172 which is almost exactly what we paid for it, but hold on now, we have to subtract interest to get the actual value of our investment back, so minus 3% for the first year and minus 3% for the second year, our return is now worth 161.83. But hey, at least we don't have to worry about taxes since we didn't make a profit right? Truly the stock market is open to anyone regardless of their wealth.

You know, if I didn't know better I would say this game is rigged.

Why…. do you keep….. typing….. like… that…

Because he's probably twelve.

If he's 12, then he needs to be in school, instead of shitting up the board.

If you can't afford $1200 that's your own fault. Move somewhere cheaper.. Learn a marketable skill…

How exactly do you enter a stock exchange with $100? Aren't there minimum entry fees in the tens of thousands?

Well now I know for sure you're underage, because if you had been in the real world you'd know just how ungodly expensive even "cheap" rent can be even for people with marketable skills.

I've shared an efficiency with roommates, and there are efficiencies near me for under $700, a 30 minute drive from a major city. The problem with leftists is ur to lazy to try….

Peterson is a hack. Neck yourself.

Okay, I'll humor you. What city?

And furthermore, what job did you have? Did you have assistance paying rent at any point from family?

Also, it's spelled "too."

Not sharing my location or other personal details, but sub-$1k rents for 1BR apartments aren't unheard of in at least one or two cities that aren't shitholes. Millennials want to live in NY or CA. It's no wonder they can't afford rent with their liberal arts degrees. If I were going to spend my parents money, I'd do something nicer than sharing an efficiency.

t. anus

Motherfucker, I've got an information systems degree.

"sub-1k" can still be ungodly expensive if you're just starting out, even if you have a marketable skill and a good degree in a technical field. And that's not even taking into account gas, food, etc.

also

(snicker)

Nigger I was born here

People move to cities because that's where the jobs are. It has nothing to do with muh millennials you old faggot.

Also, I have to ask, what generation are you?

You realize that real wages today buy far less than they used to, yes?

Never doubt that Holla Forumscucks' admiration for "Western Civilization" is anything but sincere.

I guess there's plenty of space since your brain doesn't take up much room

Who let you on the internet, grandpa?

stock market crashes generally take 300x longer than crypto market crashes, so we'll probably know in 6 months if it's actually crashing vs. today

NOPE, a lot more proles are in the stock market than in the 20th century. There's no minimum that I know of. You are thinking of hedge funds.

There's a minimum to open a trading account, and if you try to trade low amounts you will just lose money as I demonstrated

No there's not. THere was no minimum for opening my Vanguard account that I remember. THere probably isn't for robinhood either. It depends on the broker, Interactive Trades DOES have a minimum for example.

you absolute autists, stop being tech analysts. The dow isn't crashing, its doing a 1-2% correction.

It's already down 3.7% in 5 days. But yea it's tbd whether we are going to crash or not

There certainly are and there are minimums for buying into mutual funds
Vanguard isn't what you'd consider stocks though nor is it a trading account

It's probably not, the real crash will either be end of this year or next year. At most we'll get a flash crash like in '15

You can buy almost any individual stocks or ETFs at Vanguard (with fees). If you don't like fees, there's Robinhood.

Literally the most Marxist thing you can be other than a labor organizer or revolutionary.

tbhq vanguard is pretty alright, almost all their trading is done via ai and their much more reliable than other investment banks.

what's the minimum for opening a Vanguard or Robinhood account? I don't know of any

EVERY

FUCKING

TIME

It costs money to move, and unless you have accreditation it doesn't matter what you learn because employers want PROOF that you've learned a marketable skill. That also costs money.

...

It was 26,616 on the 26th Jan. Shedding 1,5k in a week isn't good.

Porky will not let this happen… right?

This is some high-quality bait.

I dunno, does this look familiar?

...

I'm unironically hoping for it, I want this hateful world to go down in flames.

I want it to go down now, the tension is killing me.

wat de fug

I'd wait for 2 or 3 weeks before saying anything for sure though.
hopefully it's crashing for real but I won't get my hopes up

IT JUST SHED ANOTHER 300 POINTS

I WANT TO CUM INSIDE SUCY

hopefully somebody will get this

STOP IT
THE DIALECTIC IS ACCELERATING TOO FAST
ITS OUT OF CONTROL

It's now at -1137.55

Make that -1332.57

-1484.31

...

OH SHIT, THE AUTOCRASH IS COMING

How long do you think until domestic terrorism and civil war start to sweep, I give it a month

NO IT IS TOO SOON

At least I can say I was there when all went down.

You should start believing in posadist fantasies, user, you are in one.

I can't believe in Posadism until the sky flares up tbh, I'm not ready, I'm still in my Maoist long march phase.

Now it bounced back to -881.67

What the shit, some short-seller got their money's worth.

Two months ago I predicted we would have a crash within 18 months. Hardly anyone was listening. Now, after a week straight of sliding markets maybe some people will begin to look at what I've been saying. The market is not backed by anything solid anymore. It's running on pure speculation and the big players know this. I don't believe we've entered the real crash yet but considering how fragile everything really is all it takes is for the big players to exit their positions and it comes falling down. So this could be the beginning of the end. A cynical person might believe that Trump's tax cuts were actually a engineered by the financial elites to allow them to close their positions before crashing everything. My best bet is that we enter a short period of "consolidation" in which prices go up and down for a bit before finally crashing in the near future. Based on treasury yield curves and interest rates, we still have a bit longer to wait. But again, considering how the markets have only been expanding due to speculation, the big crash could easily come at any time now.

>>>/8pol/139
>>>/8pol/199
>>>/8pol/100
>>>/8pol/171
>>>/8pol/173
>>>/8pol/196

1917 WILL COMMENCE AGAIN

I think I can use this gif

Can't have a 1917 without a 1914

OH SHIT, THE AUTOCRASH IS COMING

oh thank god i was worried it was going to conveniently crash when the u.s. elects their next president

2008-10 2

So is Trump going to become the next Hoover? Or is this going to become full Tsar Nicholas II!

oh boy
I hope this is a proper happening

...

crisis are not to be celebrated, nothing good comes out of finding joy in the misery that is going to affect the workers and poor more than anyone else
put your own hurt ego to the side over people rejecting our ideas and learn how to agitate in favor of the cause

TUMBLING DOWN

Oh cool a Bernie version of the Ron Paul meme AND an anarchist version. Neat

2008 Holla Forums made good memes, what can I say.

Fucking hell I just realized how I was able to see the birth and death of Holla Forums…I feel kinda emotional…and depressed…(not for Holla Forums obviously but Jesus)

It took two World Wars to get rid of the monarchies. It will take no less than two to get rid of liberal democracies.

Meaningful change requires destruction, and people's core beliefs cannot be shaken without trauma.

What if those two world wars just turn everything succdem

For as long as the capitalists control everything, there will be world wars.

It's not good for the economy but it's not even big enough to be obvious, once it reaches that point then you can celebrate but until then you're literally just Holla Forums everytime a terrorist attack happens and they say "RACE WAR WHEN?!?!?!"

yeah it dipped similar amounts after the election. im not convinced

The market lost and regained 500 points in 20 minutes, and currently losing them again.

the revolution was ripening before and it was successful in the soviet union because Lenin was consisently proven to not only be right but to have fought for the interests of the workers the entire time
nobody will change their mind and follow you because you toot your horn and proclaim "i told you so!" after the fact,
without daily work in preoperation of the crisis a trauma will only strengthen the reactionary forces further
1914 for germany still lead to its 1933

im waiting for the big pop user

Yes, that's called the general economy, until it reaches the point of very clearly being THAT bad then it's no different from the status quo at all, there's a fine line that needs to be broken before you can ever so much as think you're near there, until then it's pointless.

Yeah well no shit, I'm sure Flumph caused a permanent spike in the economy.

The pop is called a pop because much like a pop it comes quick, and it can't be called a pop until it pops.

The reason the revolution succeeded is because the capitalists were busy fighting amongst themselves.

It really didn't: actually it surged at the election. That specific bum is the period 4th of Nov to 11th of Nov: the election was 8th nov.

so in your opinion it was the unity of capitalists in germany and the lack of it in the soviet union while Lenin did jack shit
ok, "tankie".

No socialist movement will succeed while the global capitalists are united and not distracted.

I'm gonna have to agree with the Stash here. Activism and education is going to be needed if 1917 is going to happen, you can't make something out of nothing after all.

...

actually what needs to happen is the creation of the correct social conditions which produce communist thought, namely horizontal worker to worker relationships where they live together ass opposed to the suburbs of the US where they are scattered to the wind and have to commute to get to their jobs, and most of their free time is spent with exclusively their family, rendering them like the French Peasantry of the mid 19th Century.

Ding, ding!

We're down 1,174.87 for the today.

Speak for yourself.

Ooooo that's gotta hurt

...

the biggest 1 day drop in history for DOW right?
CNBC said markets dropped for "no reason", no bad news or anything other than Fed rate increase

Somebody smart knows something, my god this IS 2008 all over again.

Right lads, required watching: The Big Short.

i just looked it up and 2008 crisis had drops of 6-7 percent while this was 5. EBIN

It is the largest drop in term of absolute points, although the largest in terms of % was ofc 1929.

Okay ngl I feel kinda sick in my stomach this is going to mean hell.

Everyone ready to see Deus Ex becoming reality?

is he right?

what would it be a false flag for lol. invading wall street?

A false flag for what? FUCK ME WHEN WILL THESE IDIOTS LEARN?!

Conspiracies aren't real.

well obvious they are commie jews that want to hurt Trumps image and economy
no?

If the economy crashes who will Trump blame. Never himself. Except when things go well, then it's entirely his doing.

I hope he calls out the D.S.A. and the IWW in public and starts a round of lynchings

TOUCHDOWN

AN ANSWERED PRAYER

What I'm more worried about are his retard supporters. I know one who literally a month before Trump fired him, was talking about BASED Bannon and then threw him under the bus daddy Trump wasn't agreeing with him.

Shut up

The entire market is nothing but speculation based on optimism. The smartest players have left on the 26th. Today we saw leaving of the slowest among the smartest. The panic selling and shorting en masse hasn't even started yet.

the FBI and Democrats

...

You know how Holla Forums was always saying that Alex Jones is controlled opposition back before Trump was a thing? They were right (but for the wrong reasons of course.)

I can't fucking wait

Wow the only vaguely leftist orgs in the United States. Unless you want the BASED TOTALLY NOT A DEMOCRAT PUPPET CPUSA to take charge

But he and his constituency have control over every branch of government. And he's been saying he's "done more than any president previous for him"

There's no way to twist this if everything comes falling down into his second yeara

remember to empty your accounts and heighten the contradictions :^)

Why are you obsessing over car stocks, again?

Shut up

...

cuck

Sociopath. Mentally ill. Dumbass.

You don't have the stomach for politics if you aren't willing be Machiavellian

Sorry my fault Sun Tzu Machiavelli

driggered muj???

...

You can't kill what's already dead.

Can't sharpen a katana that's already dull

This is going to be the great part. Trump looking for scapegoats for the next three years

can't tip a fedora that's already tipped

Same thing

They are subprime MK.II. TL;DR: after 2008 the automotive manufacturers shat out low interest high risk car loans to keep consumption up. Now all the same things that were going on with mortgages: securitisation, CDOs, heck even synthetic CDOs are going on here. The worst part is that this will directly impact one of the largest manufacturing sectors in the world. If someone clocks the game is up, we're fucked lad.

can't teleport whats already behind you
heh
sorry kid

official thread theme
youtube.com/watch?v=3GwjfUFyY6M

i just wanted to tell them to stop by replying to it with a stupid one but you ruined it with an actually good comeback
i want to be mad at you but i can't

Don't just stand there and shout it. Do something about it.

i'm feeling more like this
youtube.com/watch?v=-bHFXAtXzlY

wew I guess

bbc.com/news/business-42942921

WORST CRASH SINCE 2008

THIS IS NOT A DRILL

futures are down across the board for Nikkei

So any practical tip for intellectually challenged individuals?

The handshake
Seals the contract
From the contract
There's no turning back

Confidence
Taken in
Buy a sun tan
And a grin

idk man this is more fitting
youtube.com/watch?v=14mIFbhB0b8
or this even youtube.com/watch?v=Z0GFRcFm-aY

Oh boy

THE GRABBING HANDS, GRAB ALL THEY CAN

EVERYTHING COUNTS IN LARGE AMOUNTS

This fits with the automotive crash theory; Japan is massively dependent on the auto industry and a collapse in it would fuck the nation hard.

Pay off car loans, budget NOW and join an org. What country are you in, we have a list of acceptable ones.

I meant it more on how to avoid big losses in the crisis. Fortunately my family is debt free, so there's that, but my country is essentially a financial ticking bomb (Italy) which is less than ideal.

HERE WE GO BOYOS

So… memes aside, we're going to be alright, right?

IT'S FUCKED

I'd rather we be alleft hehe

another point of interest is to watch Spanish and Italian banks, if they get hurt so goes the EU

i enjoy the new meme of distorted, melting and brain-colored wojaks
it's a nice evolution

This is actually fucking scary.

Maybe it's just my runners high, but I'm actually kind of excited. Maybe this is really our chance to change our course towards total destruction

That and the Amerimutt meme are contenders for MOTY for 2017

itt post pictures of Americans 6 months from now

well you certainly raised my mood a little with that
akko is adorable

MODS MAKE THIS THREAD CICLYCAL WE HAVE A FUCKING HAPPENING RIGHT HERE

thank god I have government job

too soon to tell, but normally this shit leads to shake ups like 2008
enjoy the ride

...

Girl of sixteen
Whole life ahead of her
Slashed her wrists, bored with life
Didn't succeed
Thank the Lord
For small mercies

Girl of eighteen
Fell in love with everything
Found new life in Jesus Christ
Hit by a car
Ended up
On a life support machine

I don't want to start any blasphemous rumours
But I think that God's got a sick sense of humour
And when I die, I expect to find Him laughing

Given that futures are still trending harshly downwards it's not looking like just a simple market correction
a wild week awaits

Fucking kill yourself

Doing what? My dad worked for the NLRB and he got laid the fuck off during the 2008 crisis.

thank my maladjustment and autism i'm already unemployed and have little to lose

so what's going to happen? am I going to lose my job? will I still have to pay off my debt?

And when I die, I expect to find Him laughing

HAPPENING
HAPPENING
HAPPENING
HAPPENING
HAPPENING
HAPPENING
HAPPENING
HAPPENING
HAPPENING

YES

...

Don't overhype…don't overhype…please don't let this be overhyped

probably yes to the first one, definitely yes to the second (unless we overthrow capitalism)

I don't want to start any blasphemous rumours

But I think that God's got a sick sense of humour

And when I die, I expect to find Him laughing

man im scared

im not ready for revolution

SHUT UP DOLPHINHATER
ENJOY THE CHAOS

The big losses will come to those in debt. As for Italy: join PaP. The best thing to do is ORGANISE, be it in a party, in your community, heck even through your church. Create the soviets, get ready and tbh, I am not sure what arms laws are like in Italy but those too if you get what I am saying.

it is, for the moment
kinda

IT'S READY FOR YOU

oh, don't worry, there wont be a revolution
it'll be a reaction

DONALD TRUMP, JANUARY 7TH 2018

"The Stock Market has been creating tremendous benefits for our country in the form of not only Record Setting Stock Prices, but present and future Jobs, Jobs, Jobs. Seven TRILLION dollars of value created since our big election win!"

IM SAYING DONT LET THIS JUST BE A FLUKE AND LETS HAVE IT ACTUALLY BE HAPPENING

Well this iwll probably be overhyped, but still…
Here's the eternal conumdrum of the leftist… be happy of the failure of the current system or be fearful of the consequeces?

nice quote

this is why im scared. fascists are armed to the fucking teeth and looking for an excuse.

...

for now it is. The percent drop wasn't that great for a single day.
If it continues tomorrow or through the week, everyone will jump ship as fast as they can

yeah…
no

This better pull through or else we all look as retarded as Holla Forums was during US Election Day

not trying to disincourage you, mate but you're probably will just get shot by the military if you try to do that

i really wish i had anything backing me up to tell you not to be scared and prepare instead
but i feel like that comes too late and being scared is all left to do

this is a politics board on a spinoff of a chinese cartoon website, we already look retarded just by being here

worst case scenario is another 2008.

...

there'd be no need for fear if we had any real strength
i think the reaction will reflect everyones real assessment of our situation

well at least its poetic

ARE YOU READY KIDS

we'll share worms
and it's not a gay dick joke

both of these were a result of apparent technical errors in the system though.

This isn't the 60's and 70's anymore. The feds don't care, so long as you're not some creepy cult hoarding guns and child harems.

Trump deregulated what stopped the 2008 crisis in the first place last year

So

tfw you live in hell

...

aye aye captain

"Another 2008" means the threat of a complete collapse of the global economic system, and now without China to foot the planetary bill.

UNION BRITAIN LED BY CHARIMAN CORBYN INCOMING
DIRECT RULE FROM A FUCKING NUCLEAR WASTELAND

youtu.be/Vf5L6kwJJtA
SEE YOU IN HELL OR COMMUNISM

it's the Absolute Boy's best chance to take power from the tories tbh.

Well… time to dig up my grandpa partisan rifle! If this country will go through a crisis it will turn fascist faster than our communist party can split.

FTFY

ENHANCE THE COMMUNISING BEAMS LADS

...

ENHANCING

:^)

Thank God I live in Portland where there's still a semblance of class consciousness, a majority socdem population, and one of bigger AntiFa organizations in the country.

North Korea isn't stupid. A destroyed economy doesn't mean that the US nukes suddenly stop working. Far more likely scenario is that Trump attacks them or Iran (likely Iran given that they can't hit back) to distract his base from the economy.

happening faggotry will be the ultimate uniting force of all Holla Forumss

No it won't fuck you. We want entirely different things.

Honestly, can we have an amnesty for all leftists purged recently just so they can view the happening? This should reunite Leftypol and Leftpol.

But in all seriousness, I hope you lads are doing your reading. If this is the big one then we're going to have to be the ones to explain to people what's going on, because otherwise it'll be the Mainstream "Russians are behind 9/11" Media.

THE TAX CUT WILL PAY FOR ITSELF

b-but capitalism only goes bad when the government intervenes.

its what my ayn rand astro turf ideology taught me! the great depression happened because the government intervened in the affairs of companies too much! that's why we have crashes and that's why the economy sucks!!!

what you want and what you get are also entirely different things

that never would have happened

Not to mention the only happening threads I've ever seen on here are economic crises threads, North Korea threads, and based Corbyn's giant leap forward

I actually it would be best to just pool money and leave.
Our Left has only recently left square one and American Fascists (while retarded) managed to use SJWs as their "counter", so instead of them being as dead as us, they actually managed to outgrow us by having SJWs and Kaltural Marxism be their USSR.
Why does everything suck.

If it were up to me, yeah. I think this board split is pure COINTELPRO, but the BO does what he does.

Why do you want America to fail, Holla Forums? Are you some kind of pinko commie? #TuckFrump

If someone can give me some rundown texts that aren't Capital length I'll get right to it

Mate, we were the same 3 years ago: things can change and they can do so very quickly.

Holla Forums exposed

Tbh, get people to watch The Big Short: but replace mortgages with autoloans.

MUH TAX

reminder that Lenin did not believe that a revolution would happen in his lifetime and that the Bolsheviks while a small faction managed to win over the fascists.
So good luck I guess, here in Europe things will not go much better.

Is this the power of reactionary theory?

user, if you haven't noticed, things have kinda progressed beyond that discussion.

We are the vanguard. We are the ones we've been waiting for.

These might help.

deleonism.org/industrial-government.htm
DE LEONISM BASICS, FUCKING READ THEM

It's just a question of time
It's running out for you
It won't be long
Until you do
Exactly what we want you to

Does anyone else think the fascism spook on here is a bit overblown? The right, despite all appearances, is disorganized and split as fuck, and get smaller and more split after each rally. America is not Weimar germany, and should a fascist state even arrive under Trump, the bourgeoisie clearly aren't smart enough to actually improve the conditions of the working class to maintain any credibility as Hitler and Mussolini were able to.

Bourgeois parliamentary politics are a dead end that lead only to frustration.

Fascism offers only the promise of obscene enjoyment and the illusion that things can go "back to how they were" or "back to how they should be."

It's only Communism that offers not only a different world, but a better world. Part of our responsibility as Communists is to let them know this, that there is a world beyond the wasteland of Capitalism, and that they can be the ones to help build it–that we can build it together.

I would expect the US to get less of a Hitler or Mussolini and more of a Pinochet if it happened, not that I'm saying it will.

It depends on what you mean by "fascism." If you're talking about the meme loving fucks on Holla Forums, yes, absolutely it's overblown.

But they really aren't the ones you should be worried about.

Oh boy this is both scary and exciting as someone from Philly.

Who then? Even petit-b rednecks who amass guns like they're candy seem to be an overblown threat, at least around most cities.

Hey man, I'm happy the Eagles won, despite the riots. Fuck the Pats

Riots?

Yeah this is our first Super Bowl win and with Philly being Philly…riots are happening from the victory

oh no no no those aren't riots. that's just boys being boys!

it's only riots when they're protesting police brutality

There were major riots after the superbowl

You're forgetting the debt ceiling, man. Burgers still have to raise it before this month is over.

We obviously should investigate Goldman Sachs, JPMorgan, et al. but for the obvious massive fraud that sustains them and not for mu deep state gay frog conspiracy

The Eagles haven't won since 1960 or 1950 something and everyone in Philadelphia got a little excited.

my crystal ball tells me the dow hits bottom at 12000

This isn't the 20th century, and one of Holla Forums's blindspots I think is that they're expecting (maybe even desiring) a redress of what happened then–that there'll be fascism and reaction again like they've read about. I think the danger might be something altogether new, or at least sharply different from what we have been expecting. After the better part of a century of intense, relentless propaganda, I don't think fascism will be something most westerners would readily embrace.

But what have we seen instead? The veneration of the technologist and entrepreneur.

I don't think that I can accurately guess what form the reaction will take, only that Trump and the Alt-Right represent only an inept preamble.

When the Roman economy collapsed, it heralded a radical shift in European political, economic, military, and social organization. When the USSR fell, it meant starvation and drastic reorganization of society for countries like Cuba or North Korea.

If this is in fact the catastrophe that we've been told is building, then the most similar event is probably WW2, where just about every major industrial economy on the planet was flattened and resulted in the end of nearly 200 years of British domination of the global economy.

I'm really not sure what's going to happen, but I don't think that it'll be good.

so you mean like a parade? a riot is very different from a celebration.

Uh huh. And you call these sports riots despite the fact that they obviously have class character.

lol, yahoo finance is absolutely apoplectic.

In the long run that certainly looks possible, the most boring single liberal party led by clean-cut but "human" technocrats, etc. But how will that play out in the short term? I think a second Occupy movement is very likely. Unless they go full FDR, it's going to be hard to appease the increasingly powerful soft-socdems.

you don't even know how wrong you are

...

Europe's a whole different question. I think his statement is pretty true for most of America though. Taking away the appearances of radical individualism and upward mobility would kill your average neocon

MY FUCKING SIDES

LUBE THAT BIG BOY UP

please tell me that's fake

fake>>2381553

it's a fake

It is.

It's not like he didn't/doesn't believe anything dumber

...

That make me sad.

user why would you get my hopes up like this?

I'm tired of waiting, I want to hear about business closing and people living on the streets NAO

hehehehehe I know it's my liberal self that's going to enjoy the schadenfreude that the president is going to slip on to explain this, but god damn it if Trump can explain himself from "STOCK JOBS STOCK JOBS ALL MY DOING STOCK JOBS STOCK JOBS JOBS STOCK STOCK JOBS" to

"W-W-WAIT T-THIS ISN'T MY F-FAULT" when his party controls basically every branch of the government

This is going to be hilarious

Why didn't we listen???

hard times create strong men…

The white baby boomers never had "hard times", they had more opportunities to generate familial wealth than this generation ever had. "Strong men" my ass. As if it even means anything.

ALPHA WOLFF WAS RIGHT AGAIN

fascism doesn't have to be overtly collectivist and the "radical individualism" is too obvious of a farce, neocons don't believe in that shit

There are a lot of variables at play so it's difficult to prognosticate. Bernie Sanders is the most popular politician in America, and I think if shit were to fall out right this minute he'd be the one that, if not most, a very significant portion of the population would turn to for answers. No one trusts the government, they're going to hate the corporations that fucked them, and it's not like religion is in any shape to step in with a guiding hand.

If it's not a corporate answer that they turn to, I do worry what the military will do. They've been endlessly lionized, and Americans have been conditioned to worship them. For most people, they're the one "competent" branch of the government. In the movies, they're always the good guys, always willing to sacrifice FER FREEDOM, always have America's best interests at heart.

The thought of all those old piece of shit Cold Warriors with free reign over the government and a license to go after any of America's "enemies" is rather chilling imo.

youtu.be/kWLHpuLrpyk
Thread Theme.

Fuck off with your meme ideology. We need people to red Marx not De Leon.

Unironically De Leonism is one of the best things for the west atm. Also he was a journo so it is easy for people to digest.

Have you given any thought on what you're going to say once it's time to march down to your local "Trumpville'' and agitate the masses?

De Leon IS Marx
t. Lenin

XIV hit 80%
termination event is now in play
archive.is/69uY7
sixfigureinvesting.com/2011/06/ivo-and-xiv-termination-events/

ITS HAPPENING

Unions are no longer relevant.

what does this mean exactly?

Hey now I bet life in a Trumptown would be pretty great.

I was referencing the next few phrases lad.

striver poors are gonna get hosed, sorry bud

The butthurt is intense in (you)

youtu.be/kWLHpuLrpyk
Thread Theme.

Wait are you telling me that we are going to see mass cross-acceleration?

I'm a finance brainlet. Can somebody explain to me what's going on with all of this?

volatility short fund got liquidated after hours
a ton of people just lost a lot of money

Tbf, no one is quite sure why this is happening; but TL;DR: loads of bad car loans, people can't pay them, large debt cucks the auto industry causing people to call in their loans. This is a chain reaction that fucks the economy.
Legitimately, I recommend the film "The Big Short", it deals with a load of complex financial concepts and makes them understandable.

oh no

MEIN GOTT

It's hard to tell exactly, but I think that corporate investors want to dump their toxic low-yield bonds and put their money into "safe" treasury bonds, and so they're selling off all of their shit to unload these high risk assets–in preparation for this exact sort of thing.

I'm sure it's much more complex than just that though.

and it getting liquidated reduces market liquidity, which this fund is supposed to provide during volatility, so things might be fun tomorrow

god damnit I'm not ready for this shit yet

Isn't this whole thing occurring because certain stocks were overvalued in 2017? Doesn't that mean after people are finished pulling their money out and stocks reach a reasonable low that speculators will just buy them up again to hold them?

What do we do? This will almost certainly turn into fascism.

no it won't

...

youtube.com/watch?v=WKAPT7NTGlg

^the Wolffman's "Economic Update: The Economy, 2017 — 2018" I haven't had a chance to sit and listen yet but I'd be shocked if he didn't touch on elements of what's afoot.

kek

Mate he predicted this shit on a RT interview:
youtu.be/xJGtm7XWpRs

>turn into fascism
c'mon bro

good.
Fuck bitcoin

how about further into fascism

If it were only about the stocks, yeah, and if investors were reasonable, yeah, but unfortunately there are problems much deeper than what the DOW represents, and investors as a whole are anything but reasonable. The falling stock prices are going to effect other stocks and other indexes too, which in turn will pull the rug out of some corporations, some banks, some governments, and if enough of this things tumble they'll take all the rest of the dominoes with them.

If this is the big one, then this is anything but a simple market correction. This is the culmination of ten years of dumping over a trillion dollars into the finance sector, practically free loans that companies have been using to inflate their stock prices year over year for a decade.

If 2008 was a monster, they've been gorging it all this time, and now it's absolutely cyclopean.

hate myself for not selling sooner

He's been predicting it for a while now, everyone has. I mean he might explain some of the mechanisms causing what is currently happening.

that's better

He does it in the interview tbh.

SOON

What do you guys think?

debunkd.net/sealed-indictments-stock-market-crash/

holy shit you're not serious with this bollocks are you?

I don't expect a site called "debunk'd" to be anything but propaganda.

...

user, this interview has all the reasons:
youtu.be/xJGtm7XWpRs

was Mencius Moldbug right all along, lads?

of course

MADE BY NRX GANG

...

No both of you are retards

History repeats itself.

AVE SATANA

*darkly enlightened

Reminder

now I wanna see some amerimutt go out to wall street and start pouring holy water all over the buildings to prevent a crash

10/10 OC comrade

it's not oc, he took it from /biz/

why does /biz/ make GMIL OC?

If the neoliberal revolution arose from the crisis of profitability in the 1970s, what would come from a similar crisis today? My guess is a technocratic realignment with UBI for the first world proletariat and low intensity war over energy resources everywhere else.

because most of them are having mental breakdowns from the bitcoin crash I suppose

Its worse that that. Capitalism has succeeded in shaping humanity to its profit, "revolution" is impossible. The working class is nothing more than an aspect of capital, unable to supersede its situation. any future revolutionary movement will have to consist of a struggle between humanity and capital itself, rather than between classes. Capital has become totalitarian in structure, leaving nowhere and no-one outside its domesticating influence.

Maybe someone from /biz/ took it from here?

BS, /biz/ doesn't read GMIL

WE'RE HEIGHTENING THE CONTRADICTIONS!!! RAAAAAAAAAAAAAHHHH

Its too late. Capitalism is forever.

Shut up lol

my ex girlfriend is forever but i dont see that bitch anymore

Capitalism is fundamentally doomed to destroy itself, read Schumpeter.

should have bought her more things

boards.4chan.org/biz/thread/7340617

Its going to destroy us with it.

Lad, you are trapped in the ideology. "It is easier to conceptualise the end of the world than a world without capitalism".
t. Zizek.

Stop being an obnoxious sad sack

Someones been reading Camatte

that afghanistan part is pretty good too
wew

this level of class collaborationist talk sounds 1:1 like gorbachev

If the /biz/ thread on here indicated anything, its that we have anons on here that browse /biz/

No, its definitely Camatte. Class corroboration has makes no attempt to end class at all, opting instead that such class division is necessary. Camatte still argued against capitalism and therefore the class structure, he just happened to think capitalism had become all encompassing.

fug

Reading the tweets about the crash is like staring into the mind of a schizophrenic.

i call it class collaborationist because it effectively is, not because it itself would recognize this
guy is new to me but just at first glance i can see that gorbachev must've read his shit

Camatte was an anarcho primitivist.

so much i've read up but i remember some text by gorbachev that was very much along those lines, reading that made my skin crawl in disgust even worse than before

Be careful how you define class collaboration. Bourgeoisie class traitors working with proles to abolish the class system as a whole is not in of itself class collaboration, though it might become such when class is allowed to continue to exist under the guise that class antagonisms can be harmonized.

If you want you can think of "capital" as the law of value. What camette is saying is that the heart of capitalism isn't the bourgeois but the impersonal laws of the market.

...

reminds me of adornoists yelling "structural antisemitism" as soon as you mention a capitalists name or any corporation and not talking in abstracts

fresh off the press

Shit, i saw a video from him today by accident.
youtu.be/qOP2V_np2c0

HEARD IT FROM MY FRIENDS ABOUT THE THINGS YOU SAID

Read Kliman and Marx.

that's one sexy, slippery intro

hey if you have something better then post it

i'm in a conversion mood

that's objectively true, but not a value judgement of whether the circulation of commodities is a good thing or not. The enemy of marxists is production being confined to the commodity form itself, not how they circulate

...

Instead of going through someone who claims to understand Marx, just read it yourself.

If there are no commodities then there's no need for money to circulate them, so what exactly is he wrong about?

Read a fucking book nerd

SAID THE SAME THING ABOUT FUEDALISM LMAO

...

This is financial institution annihilation style happening
Wouldn't be surprised if Central Banks step in by the end of the week

Can someone TL;DR: XIV? It is something to do with volatility, yes?

SKRRRRT

...

Yes but what does this /mean/?

basically volatility shorts, which everyone was messing with and had considerable leverage in because this was "event that can't possibly happen if the market is going up"

Also
zerohedge.com/news/2018-02-05/vol-etf-terminations-begin-nomura-announces-early-redemption-vix-etn

It might correct itself in a day or so and this could all be nothing. Or.

It could keep falling, and the angels wouldn't help you, because they've all gone away

By everyone, I do mean everyone
Financial institutions, pensions, etc. tomorrow will be ugly

Credit Suisse is already down 7%. If they don't have a ton of liquidity we're taking financial crisis

sixfigureinvesting.com/2014/05/how-does-xiv-work/

Who the fuck would put a short on volatility? Like the stock market is inherently unstable why would you bet on its stability? Man capitalists are dumber than I imagined.

Are you saying they are going under?

Also some interesting economics stuff:
youtu.be/NdbbcO35arw

there's potential, they've had a lot of problems in the past so they're certainly a weak point

because the market is stable user and it's a bull market for the rest of time :^)

thoughtco.com/intro-to-the-dow-jones-industrial-average-1146323

So we take the average price of the stocks from
3M, American Express, Apple, Boeing, Caterpillar, Chevron, Cisco Systems, Coca-Cola, DuPont, ExxonMobil ,General Electric, ,Goldman Sachs, The Home Depot, Intel, IBM, Johnson & Johnson, JPMorgan Chase, McDonald's, Merck , Microsoft, Nike, Pfizer, Procter & Gamble, Travelers, United Health Group, United Technologies, Verizon, Visa, Wal-Mart, Walt Disney

And then divide them by the divisor, and that gives you an approximate dollar amount per point.

...

Nikkei down 1000+ points within about 45 minutes of opening sounds like a big deal, someone save all the anime quick

If I am right, and this IS related to the automotive industry: then it would be immensely expected that Japan gets it up the bunghole considering how much of their economy relies on automotive production. Anyone have anything on SK exchange? If my hunch is right we will see Germany take a major hit tomorrow.

24,345(.1496772734149)=$3644 a point?

3644(-1175.21)=-$4,282,465.24

...

Mein Gott.
I know I have said that a lot but honestly I can't even handle it anymore

This is already within the top 10 worst falls of Nikkei by points lost.

I tried to warn them

what were you even replying to?

it's already recovering!

Meant to be that one^

What a giant recovery, we're sure bouncing back after the Nikkei opened with 1,000 points down

lol

...

Dead cat bounce.

The wales are trying to keep it afloat, but if the DOW dips tomorrow they will be shorted hard.

Lads, will Amazon still be in business by Wednesday I've got Volume 3 of Capital ordered?

If things keep plummeting like this who knows who'll be in business by Wednesday.

Wtf i thought lefty/pol/ only had shit memes

Tbh download a PDF and read it quic, you're gonna need it.

Also who is ready for the Zizekian vanguard? I fucking am.

M8 I've already spent 4 weeks reading the first two volumes it's better fucking come.

Who wants to start a commune of electronic scrap prospectors in the sewers?
I can cook up a mean rat stew.

I hate reading pdfs though; not only does my retention drop, but the experience is far less enjoyable, due to eyestrain and the lack of a tactile experience.

This is the eternal dynamic between us.

Okay, so
24,345.75+1175.21=25520.96(starting price this morning[?])
marketwatch.com/story/why-the-dow-faces-an-important-change-to-how-its-calculated-2017-08-31
Current Dow divisor
25520.96(.145233969)=3706.51(1175.21)=
4,355,927.62

HOPE ALL THESE FUCKERS GET CURSED ON THE HALLOWED GROUND THEY MADE FOR THEMSELVES

GO DOWN ON YOUR FUCKING KNEES, THOSE OF THE DEVOUT

funny, I was thinking something similar about a picture of Sowell

If this is actually happening though, things will be biblical

Actually there's probably more math involved as the aggregate price of each point diminishes as it's sold but vOv

If you look closely, this is the same face George W Bush made when he was in the classroom during 9/11. Except now its filled with spite instead of fear. Maybe a mix of both. Plenty of anger. Palms sweaty, moms spaghetti, got my phone out need to tweet, palms sweaty

damnit, I keep trying to encode it with audio and fucking up

"So I will come to put you on trial. I will be quick to testify against sorcerers, adulterers and perjurers, against those who defraud laborers of their wages, who oppress the widows and the fatherless, and deprive the foreigners among you of justice, but do not fear me," says the LORD Almighty.
Malachi 3:5.
The thing is, I heard this at service last sunday and the prayer was for social justice. This is the kind of shit that would make someone into a firm theist.

also, funny that Trump should mention "made in the USA".

FUCKIN SKRRRRRRT

Hong Kong's Hang Seng Index opens 1200 points and 3.5% down

finviz.com/map.ashx
Its nice to watch all dat red :3

Yesssssss.

China's soon to get it.
How're things lookin' for them?

If the automotive theory is right, they should dip hard too.

all goo :)

please explain?

That spike followed by that leveling…hmm….looks like a big recovery….

auto industry is exposed to a fuck load of subprime loans they handed out like candy to boost sales

This:

oh shit.
i'm a bit out of the loop but is this bad for the germany? do they still do cars 'n shit?

youtu.be/8EMcUqCo6ho
Thread theme, it's title means "The Summer has Gone" in Portuguese. I think it is immensely fitting.

Germany is balls deep in the car industry; and one of the hardest hit thus far in terms of company stock is Volkswagen group.

It begins.

oh boy, panic here we go

user, IT HASN'T EVEN STARTED

But it's not the car industry that is worth paying attention when it comes to Germany. It's Deutsche Bank. :^)

HOORAY

Source?

I'm gonna need a source for this.

AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH

Global Markets rn

...

Right lads, red flag bloke who has been here most of the night. Signing off, will see you anons i the morning. Fuck me, I will never forget this night.

looks like it's just TradeStation right now

Comradely and optimistic reminder that a 2nd crash (2008 being the first) will cause a dramatic shift in consciousness (if it happens once it can be dismissed as an anomaly but if it happens twice…) and we will see an explosion in anti-capitalist sentiments the likes of which we have never seen in our lifetimes :)

I can't help but feel like this is a really low number

You'd think people would catch on after three centuries.

America will probably go full fash though.

en.wikipedia.org/wiki/Jacques_Camatte
good one faggot

The material basis for fascism basically no longer exists. The first will be last and the last will be first. Prepare yourself comrade.

"interesting"
how comes?

Oh wow its literally fucking nothing
Its just a bad Market day lads
It will probably rebound tomorrow
If it goes on longer then that then yes maybe it is what this thread thinks

money.cnn.com/2018/02/05/investing/stock-market-today-dow-jones/index.html

>The market started 2018 with a bang, but last week was the worst on Wall Street in two years. The selling gathered steam on Friday when the Dow plunged 666 points, or 2.5%, at the time its worst day since the Brexit mayhem of June 2016. Nearly $1 trillion of market value was erased from the S&P 500 last week.

There might be some areas, but a majority of the population is so sick of this shit of continuously getting fucked over by their boss that, this won't work anymore because it's just more of the same really.

You really underestimate that.

It will happen. It's only a matter of patience.

Let's see what happens tomorrow and to the Nikkei today. Beyond that we can speculate.

You aren't getting the picture. Even if it recovers, this is a herald of things to fucking come. You are witnessing a bullet headed from Mars straight to Earth, telling everyone in the observatory worried "The chances of anything coming to a million one", or so they said

...

American workforce is thoroughly proletarianized. There simply aren't enough petit-bourgeoisie to carry out the actual work of fascist suppression. Historically, the bourgeoisie had to lean on the petit-bourgeoisie (and lumpens to a lesser extent) because they were too small and weak to enforce fascism themselves. Now that layer of society is drastically smaller.

Anything but the US government's irresponsibility when daddy is in office

I'm seeing nothing but pink Wojacks.

...

The US military are still classcucks

...

This is true, but exhausted classcucks can change their minds quickly. Plus, 40% of the military supported Gary Johnson (at least before the actual election) in 2016 for his anti-intervention stance. It's mostly a matter of connecting the dots between "intervention" and capitalism for them.

I hear the Navy tend to prefer socdem policies is this basically true?

Dow Total Market cap
$6,873,564.29 in millions or
$6,873,564,290,000
x .046
=$316,183,957,340
loss today
Three-hundred-and-sixteen billion dollars lost is no big deal really :^)

AGITATE

I love it when a globe has so much red on it :D

Boomer genocide when

To be fair
If I polled this thread and asked them if they preferred
A) Getting fucked in the mouth
B) Getting fucked in the eye
C) Getting fucked in the urethra
I don't think the outcome would generally be representative of the thread's preferences.

Is this on Red Alert?

What site is this?

Joe Rogan in the building?

Everything is going to hell and I feel nothing.

It's beautiful. Porky is assblasted right now. The seeds are being planted.

Man Trump sure was retarded for taking all that credit for the "biggest DOW market ever"

finviz.com/map.ashx?t=geo
Pretty decent visualizations for the numbers.

His retarded followers I've met keep sucking his dick and refuse to admit anything wrong is his doing

A dip of 5% isn't really anything honestly. If anything this will eventually cause more growth as people will be buying assets.

Guarantee you they'll spin it this way

Most already are. Sean Hannity has already.

Canada still has too much green on it. suspicious. What are you hiding you maple drinking bastards!

Can someone tell me the dip for 2008?

...

The dow lost 316 billion on its own, and every other major market on the planet is taking a shellacking too.

So what about many trillions of dollars lost "isn't really anything," exactly?

This is a warning. A herald. A prophecy of things to come.

DOW dropped in 2008 by 778 points, or at the time 7%. Currently it is down 1000 ish points, or currently 4.60%. We aren't even close to the percentage losses back in 2008.

The dow is much larger than it was back in 2008. Does that not make this 4.6% proportionally greater?

well yes, that's what he said
778 points then
about 1000 now

I'm a brainlet who doesn't know shit about the stock market. If you're not a stockholder what direct impact will the market crashing have on the average person? I imagine probably something to do with interest rates and debt and such, rising prices?

Depends on if the company that goes down you work for

Literally you and everyone else in this thread needs to watch the best movie in recent years,
THE BIG SHORT

Well you wont have to be jealous of anyones large pensions anymore.

If you had 1000 in stock right now and it was based around the average you would have lost 46 right about now. If you had 1000 in stock in 2008, you would have lost 70.

Still, any good investor (especially when young) knows you're supposed to buy when it's low that way you grow with the assets.

It's the worst market fall since 2008

Rising interest rates are likely. Bankruptcy is more likely than increasing debt burdens (unless we're counting government debt which is fucked already) and falling prices are likely to fall unless the government tries to inflate its way out of the crisis like the 70s.

...

Unless you're retiring tomorrow you don't have anything to worry about. If you're young, buy some stock or invest in a company. Get some say in what they do. Then as you get older that shit ages.

Doesn't really help to "buy le dip" if you lose your job, retard.

But will it continue tomorrow?

Yes
XIV imploding means a bloodbath on US opening

Son, it has even started yet.

Right, the retirement accounts are tied into it

I've thought about watching it a while ago never got around to it.

Interesting. So there'll be more concerns with debt and companies going under? Student loans are probably about to be even more fucked, great.

I work part time at Burger King, I'm a philosophy major at uni atm. Probably not happening.

How can you buy stock and get worthwhile returns when you have little capital to begin with? I can't afford to take that risk when I'm on a min wage part time salary and paying rent/food/school.

I'm not even Dengist, but holy shit

Explain in layman's terms what XIV is?

...

volatility shorts that everyone was heavily invested in
They went poof today
Several financial firms are potentially at risk now, specifically Credit Suisse and Duestche Bank
Along with them a ton of mid range retail and institutional investors will take hits in the 10%+ range tomorrow due to it

Call me in a week. If it's still dropping, that's when things start getting exciting.

I've said it before and I'll say it again, one economic collapse is all it will take for the house of cards to blow. The people are pissed and they know who to blame. A revolution will occur, we just have to make sure the right side wins.

Explain?

But if I have 1000 stock in 2008 that is worth $10 each, then I have $10,000 in stock, a 7% loss means I've lost $700.

But if I have 1000 stock in 2018, after a decade of stock value increases and are now worth $50 each, that means I have $50000 in stock, and a %4.6 loss means I've lost $2,300.

So doesn't that make a 4.6% loss today an even bigger problem than a 7% loss in 2008, because more money is being lost over all?

My burgerclap brain arteries are clogged with beef fat, please forgive me.

People bet on how stable the market was going to be in a manner of speaking
It was a "safe" bet to make a ton of money as long as the numbers were green

as long as people still get their cheap food, porn, entertainment, etc keeping them placated i dont think many people will have the fire to actually do something.

cnbc.com/amp/2018/02/05/sell-off-continues-after-hours--sp-500-futures-now-down-6-percent-on-the-day.html?__twitter_impression=true

I thought I'd read that a bunch of Italian banks were teetering on the edge of bankruptcy before this happened, and their government forbidden from bailing them out. I wonder if we're going to see the Italian financial sector implode.

And how are they going to get those things without jobs? And after a decade of just about every government on the planet slashing benefits and eviscerating social safety nets?

The US market collapsing would lead to a global collapse. While we may not see something big in the US in the event of a legit depression, places like France and the UK would be very ripe. Don't forget how well the left did electorally in the last elections in those places.

If CS wobbles I wouldn't be surprised if Spain and Italy implode

Not to mention there are active Maoist insurgencies in India, SE Asia, and the Philippines.

True, didn't even take into consideration all the benefit cuts the GOP have planned. If people lost their food stamps and health care AND job and things were looking bleak, many might take action instead of "playing it safe" due to desperation. Of course things like the internet and TV, sports, etc are very powerful tools to keep the population distracted, and they won't go away.

Wait till the banks close and people can't buy food. The complacency of the west will vanish like smoke once there's food shortages.

Leftypol pride themselves on being smart. Yet they can't read a simple graph.

It's a FUCKING CORRECTION

Anyone recommend me some music?
I'm making the happening video as we speak

youtube.com/watch?v=Z0GFRcFm-aY

5% drop in a week is pretty bad though

yes correction to its true value, ___zero

I HURT MYSELF TODAY

youtube.com/watch?v=rjT8YpNUxY4