What this basically means is that the Oligarchy has gotten most of their affairs in order to profit off the collapse and are getting ready let er rip.
this post was submitted on 29 Sep 2023
49 points (90.2% liked)
US News
2032 readers
211 users here now
News from within the empire - From a leftist perspective
founded 5 years ago
MODERATORS
Note how they always profit from the crisis. Taking note of the degree they control the economy of the global hegemon it's only logical to assume that they can manage the crisis timeline somewhat to fire it off when they are more or less ready.
Vulture capitalism intensifies
Financial elites tend to work like that.
Nooo! I wanted them to go down with us!
Be the change you want to see in the world
It's easy to accurately say a crisis is coming; the impossible part is determining when exactly it will hit. No one can do that.
Last time they said something like this, it was a year before the housing bubble crashed and the world financial markets shit the bed.
Can’t wait to see the new crisis.
Wonder how bad would that one go
I'm expecting this one will be a lot worse because the last one was stabilized by China buying up a fuck ton of US bonds. Fat chance of China bailing US out this time around. Not only that, but around two thirds of US bonds are held by the Global South, and these countries are now dumping the bonds.
They used to call this the Boom/Bust Cycle of Capitalism. But then economists rebranded it as "the Business Cycle" to downplay how accurately Marx described the Boom / Bust Cycle of Capitalism.
you what
apparently it's just a nickname, literally 1983
So, like, what if we just cut the power to the stock market and never turned it back on?
I thought we were already in a recession 🥲
I’m trying so hard but I don’t understand what they’re talking about.
Basically, the stock market ran on AI hype because people thought that AI would transform the economy somehow. Now the hype is dying down, people are coming back to reality where economy isn't actually growing and tech stocks aren't gonna be enough to save it.