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I'm starting to see local businesses in my major cities close shop permanently, and I am seeing even some large businesses host going-out-of-business sales. Thi
by WealthVsSurvive 6y ago
I'm starting to see local businesses in my major cities close shop permanently, and I am seeing even some large businesses host going-out-of-business sales. This is merely the pre-stage. Its about to get much, much worse. The corporate news is currently reporting on the corruption surrounding the US relief funds, but I posit that the while corruption is there, the real reason that they aren't releasing the data is because it will show that a critical mass of the US economy is completely underwater and is being floated with zombie loans while the government shits itself, telling their good buddies when to sell and when the public will know, postulating how they're going to spin the complete and utter failure of conservative economic policy. Combine this with ~1/3 of the country unemployed with little sign of relief, state's budgets buckling, and states panicking to throw people off unemployment, so they're about to be literally starving and homeless.
The Hacker News crowd doesn't see it coming. Give them a few months; they'll start to be personally affected by it, which will trigger an inescapable realization. I see it coming: the next great depression. There are many creative ways to stop it, and they all involve re-distributions of wealth because that is essentially the root of the problem: the finance, make-believe funny-money & assets have no value, and we've starved the buyer, so no one has incentives to trade anymore. Great job! Hope your ideologies were worth it. And, when people are dying, instead of blaming some "natural" phenomenon that totally "naturally" occurs, blame yourselves!
- joejerryronnie 6y agoThis is fear mongering driven by obvious ideological bias. Sure, things may get worse than they are now, but you have no evidence of the scale of the problem, just as you have no evidence that socialism or “wealth re-distribution” will make anything better.
- WealthVsSurvive 6y agoThen time will prove me wrong. I would greet it with pleasure.
- joejerryronnie 6y agoFair enough.