11-05-2021, 05:27 AM
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Too lazy to set a custom title
Industry Role:
Join Date: Oct 2006
Location: Vancouver
Posts: 30,984
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Quote:
Originally Posted by Scrapper
People don't understand and think it will be like a trainwreck. It is collapsing right now. When the 1929 stock market crashed, everyone nowadays thought people were in the streets waiting in breadlines the next day.
No, as a matter of fact, within a year, the market gained back its losses as the people years later (early '30s) then ran out of money/savings not invested in the market. Then, businesses closed, and unemployment skyrocketed because people didn't have any money to buy anything. The point, nobody really views the 1929 collapse in its correct historical timeline.
When you are sick, your body gives you symptoms. So do countries, and with all this neo-Marxist rhetoric or what I call bolshevism 2.0 is just a symptom of a much bigger problem. The reasoning for this is many, but what you truly need to worry about now is people getting violent over the meaning of actual words. This is and always has been the leading indicator of a collapsing country, not just an economy.
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came across this month ago:
https://www.pewresearch.org/fact-tan...ian-americans/
https://www.theguardian.com/business...mployment-rate
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