all 17 comments

[–]send_nasty_stuffNational Socialist 6 insightful - 1 fun6 insightful - 0 fun7 insightful - 1 fun -  (1 child)

What do you guys think?

It's totally unsustainable. Our economy is like a jet plane that's out of fuel. It hasn't hit the ground yet but looks like it's flying as it crashes towards earth.

[–]EthnocratArcheofuturist 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (0 children)

It's not just the economy. It's everything. Modernity is like a train that's speeding towards the edge of a cliff. We can only slow down or speed up the train. We can't stop it, and we can't derail it. Within decades we're going to be living in a world where nanotech and biotech is going to give any person the ability to create weapons of mass destruction. The global intelligence community knows this, but they can't do anything about it because you can't stop or derail the train. Uncle Ted saw this coming.

[–]JuliusCaesar225Nationalist + Socialist 5 insightful - 2 fun5 insightful - 1 fun6 insightful - 2 fun -  (0 children)

I hope so

[–]EthnocratArcheofuturist 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (2 children)

Some heterodox economists think we're going back to the stagflation of the 1970s. If that's true, capitalism is in terminal decline. The difference with the 1970s is that the system can't expand in the same way. There's hardly any room left to grow. Africa isn't going to be the new China for obvious reasons. The stagflation, combined with the AI revolution and ecological destruction, means the system is facing its own demise. The question is: what comes next?

[–][deleted] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (1 child)

great reset book shows the plan for what's next

[–]Blackbrownfreestuff 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (0 children)

What does it say? What book?

[–]ActuallyNot 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (1 child)

There's 7.7 million unemployed in the US, so 4.3 million unemployable doesn't imply insufficient labour.

And insufficient labour in the US doesn't imply a global economic catastrophe. It just implies that employers in the US will have to compete with each other a bit, raising wages.

[–]TheJamesRocket 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (0 children)

There's 7.7 million unemployed in the US, so 4.3 million unemployable doesn't imply insufficient labour.

The official unemployment number in the U.S. is 8.4 million (or 4.8%). The true unemployment number is 14.3 million (or 8.1%).

Anyways, looking at numbers alone doesn't always tell you the whole story. All workers specialize in certain fields, and they can't be treated as interchangeable. For instance, there might be 1 million jobs available in the labour market, but only 200,000 labourers who are looking for work. You might also have the reverse situation, where there are 200,000 jobs available in the service sector, but 1 million workers who can't find employment.

And insufficient labour in the US doesn't imply a global economic catastrophe.

If there aren't enough workers to unload supplys off the ships at the ports, if there aren't enough truck drivers to move the supplys from the ports to the citys, then there will be a supply shortage. Plain and simple.

[–]NeoRail 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (3 children)

Depends on what you mean by "global economic catastrophe". I cannot image a scenario where the ultra rich allow their own wealth to be destroyed. A collapse in living standards, labour and industry, on the other hand, is a totally different matter.

[–]TheJamesRocket 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (1 child)

I cannot image a scenario where the ultra rich allow their own wealth to be destroyed.

Their wealth won't be destroyed in an dollar collapse, because their wealth isn't tied up in dollars. The Elites use foreign currencys, stocks, bonds, and precious metals. If the.collapse is limited mainly to the U.S., it won't hurt them at all. In fact, it will help them because they can leverage their access to foreign currencys and buy up assets for pennys on the pound. The Elites will end up owning everything. Thats the essence of NeoFeudalism.

[–]casparvoneverecBig tiddy respecter[S] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

Exactly. That's the plan. They have most of their wealth in stocks, real estate, or precious metals. They're not dependent on dollar savings. If the dollar crashes and millions go penniless, they can buy property with pennies on the dollar. All houses will be owned by Blackrock and co, and you'll have to rent from them. You'll basically have to rent everything and be fully dependent.

It's a controlled demolition meant to snuff out the middle class and render the whole population into penniless serfs who are dependent on day-to-day cheques and won't dare voice dissent with the system.

[–]EthnocratArcheofuturist 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

A collapse in living standards, labour and industry

Would be catastrophic for the system. They can't allow another 1930s to happen.

[–]TheJamesRocket 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

4.3 million workers quitting their jobs in 1 month is unbelievably bad. If the numbers for September are anywhere near what they were for August, thats a dire situation indeed.

All the ingredients for an economic crisis are there, but whether or not there will be a crisis is something no one can say. I was predicting an economic collapse in March 2020, and it didn't happen. I'm not going to be caught playing the role of chicken little again.

The Globalists have created an upside down world where nothing makes sense anymore. Things that should be unstable remain standing tall, and things that should be stable crumbles to pieces.

If it happens, it happens. Thats all I can say.

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

I don't see how they can just quit their job. They get unemployment money if they quit? And that's just like $400 a week. Why quit just to scrape by.

[–]MagicMike 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Who is John Galt?

[–]Brewdabier 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

And there's about that many illegal immigrants ready to take the jobs without complaint, and willing to work for less then the snowflakes demand.

[–]JuliusCaesar225Nationalist + Socialist 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

Not all those quitting are unskilled labour.