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When the hopium that wall street is smoking runs out. Probably the end of November.
by Aloha 6y ago
When the hopium that wall street is smoking runs out. Probably the end of November.
- votepaunchy 6y agoIf half of small business are destroyed, who benefits? Wall Street will emerge from this with far greater control.
- joshspankit 6y agoHahaha no disrespect, but I’ve been seeing almost this exact conversation continually for at least 20 years (the number of years I’ve been curious about economics). At this stage, it doesn’t matter what runs out, who takes the fall, or anything else (save the democratic power of the people): the power structure will do whatever it takes to maintain that house of cards. Fractional reserve lending alone can prop up the system almost indefinitely. (Feel free to debate this if you feel strongly, but A. it’s only 1 tool in the garage, and B. Arguments about “they can’t” or “it’s not legal” are irrelevant because they will simply change or circumvent the law.)