Just finished watching the big short. So when is the next economic crash gonna happen and from what...

just finished watching the big short. So when is the next economic crash gonna happen and from what? tryna make hella money to start a commune and take over wall street BAYBEE

Other urls found in this thread:

forbes.com/sites/kenrapoza/2016/01/14/brazils-economy-hasnt-been-this-bad-since-1930/#b99412b7dbac
theguardian.com/world/2015/dec/02/brazil-dilma-rousseff-impeachment-proceedings
vantrumpreport.com/brazils-economic-crisis-the-worst-since-the-great-depression/
money.cnn.com/2016/06/01/news/economy/brazil-recession-economy/index.html
washingtonpost.com/world/europe/germany-springs-to-action-over-hate-speech-against-migrants/2016/01/06/6031218e-b315-11e5-8abc-d09392edc612_story.html
breitbart.com/london/2016/04/19/head-anti-islam-pegida-germany-due-court-hate-speech/
twitter.com/SFWRedditGifs

After US elections.
Give it a year, top.

Mass suicides.

Defenestration.

Crucifixion.

Student loans most likely. After that, possibly car loans.

Before 2020 probably.
And the cause may be something we don't really expect. If we would know what it is, others would do so too and A: they'd prevent it or B: it'll happen earlier.

The economic crash is already happening. Brazil for example is experiencing the worst economic circumstances its faced since the Great Depression. In the past twelve months there have been multiple, massive market shocks that wiped out trillions of dollars from the global economy and very nearly collapsed the entire system. Last August I believe, when the Chinese stock market nearly toppled over, the only thing that saved it was the expenditure of hundreds of billions of dollars of reserve currency in order to prop it up, and then the same thing happened only a few months later.

Even the US is being affected, most famously in Detroit and Flynt, but cities around the US are struggling with solvency. That's to say nothing of the literal enslavement of the population of Puerto Rico.

The only thing that has kept the economy running has been cheap, practically free credit. It's become a bizarre, mirror-Keynesianism. During the original New Deal, the government printed money and created jobs in order to kickstart the economy. Now the government is printing money but not creating any jobs and just giving the money away to the people that crashed the economy to begin with. We're currently facing the prospect of nearly a decade's worth of interest-free lending to the tune of trillions of dollars that, should the interest rates increase even one or two percentage points, would mean many hundreds of billions more in interest, which no one will be able to pay.

My theory currently is that the US government is completely aware of this eventuality which is why they're so eager to install and encourage hard-right/literally fascist governments around the world, particularly among their strongest allies, Germany and Japan. The bourgeoisie can read the writing on the wall, and they know that people are poor, and pissed, and that they're starting to figure out why, and that the only thing between the ravenous hordes ready to tear them apart will be the brownshirts they've spent billions to install and equip in order to keep the proles under control.

Capitalism is incapable of preventing its own collapse because the systemic causes which brought those events to pass in the first place are inherent to capitalism.

That is assuming capitalism is the only system in place of doing things.
Meanwhile, you have banks, governments and whatever the fuck has an interest in stopping crises who will just make sure that "rescue plans" are set up to postpone it all.

Banks and government are all a part of the capitalist apparatus. These institutions have historically been unable to predict and prevent collapses.

They have money. They have power. They have been artificially trying to keep inflation rates up. They were able to do that. Recently, EU has made a rescue plan for some Italian bank that loaned money that couldn't be paid back.

This is the sort of shit that won't prevent a collapse, but it will postpone it.
But if conditions worsen while the final crash won't happen, that will only mean that when it does happen, the collapse will be harder.

wasn't the """""rescue plan""""" just to appropriate the deposits of the working class, give them bonds, and call it a "bail in?"

We are going to see facist regimes in our lifetime aren't we?

False. Stop pretending, we had various crisis which were way worse in the 70s, the 80s and the 90s.

You know nothing.

Oh, well since you say so

forbes.com/sites/kenrapoza/2016/01/14/brazils-economy-hasnt-been-this-bad-since-1930/#b99412b7dbac

theguardian.com/world/2015/dec/02/brazil-dilma-rousseff-impeachment-proceedings


vantrumpreport.com/brazils-economic-crisis-the-worst-since-the-great-depression/


money.cnn.com/2016/06/01/news/economy/brazil-recession-economy/index.html

And how does the German government arresting people for criticising "refugees" work into all that?

In Cyprus (the testing grounds for the bail-ins) they were only appropriating any deposits above $100,000 for the "bail-ins" I think

taking up arms against fascists is the only way i can give meaning to my life tbh smh fam

The same in Italy it seems, but it seems to me that it would be foolish to believe that they would stop there when push comes to shove.

proof?

washingtonpost.com/world/europe/germany-springs-to-action-over-hate-speech-against-migrants/2016/01/06/6031218e-b315-11e5-8abc-d09392edc612_story.html

breitbart.com/london/2016/04/19/head-anti-islam-pegida-germany-due-court-hate-speech/

If anything the German government is cracking down on "hard-right" supporters for fears that they'll end the grand experiment of diversifying Germany


Good point. I think "only deposits over $100,000" is just a sop to prevent potential bank-runs before its fully implemented