Gee, what could possibly go wrong?
politics
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No way this can backfire
The 2020's are looking to end like the 1920's.
Not a recession, but a massive depression.
Except, considering how globalized the world economy is today, it would cause a complete total economic collapse on a global scale. You thought the great depression in the 1920s was bad? You have no idea how bad it can really get.
a complete total economic collapse on a global scale.
Of course it will all be peaceful, right, RIGHT?
Trump (2 weeks after everything all the experts said would happen happens): Noun one knew how complicated banking is... my uncle, the MIT professor; huege brain was surprised this happened. An MIT professor didn't think this could happen; speaking of things that happen, Batron... where is Batron? Where is, possibly, my "favorite" son? The crypto visionary. Let me tell you about the importance of crypto. Did you know this stuff is mined? Like from the earth? More valuable than water it is. Looking to back the usd by crypto and then by water. It's free it just drops from the sky like "Bing, Bing Bing bing" might as well as be kaching!!
I fucking hate that what you wrote could be credibly said by him. I mean except how eloquently you put it lol
Wasn't lack of regulation what caused the 2008 recession?
Yes, because the bankers made dumb deals for greedy profits. and then committed a lot of fraud.
I recommend the movie The Big Short (or the book its based on)
Of what I've read, regulation in the direction opposite from sane too.
And supply-side-God willing, we can get back to there.
Can't you just smell the freedumb?
They don't care if they tank the dollar, it will make the assets in the Strategic Dogecoin Reserve that much more valuable.
Pretty sure the plan is to actively tank the dollar
The question is, how do you bet against the US Economy and for whatever selfish fuckhead of a plan they have.
Probably crypto, unfortunately.
Buy Euros. Keep them in a European Bank.
Didn't a whole silicon valley bank just wipe out its customers savings by not being fdic insured
That's not a recession. That's a depression
Should I start stuffing my money under my mattress right now?
Yes. However you save it, don't leave it with a third party. There will be no FDIC to protect us.
I wonder if the NCUA will fly under the radar though. It may be obscure enough to escape scrutiny from Trump goons.
I've been seriously considered converting money into gold. I keep thinking about how my money is just being depreciated every year while it sits in savings.
Depends upon the amount of interest you're earning.