Comment on What does everyone think of the economic outlook for the next year?
hark@lemmy.world 4 days ago
I have no idea what an economic crisis would look like anymore. Ever since 2008, it seems the playback for any sign of economic trouble has been printing ridiculous amounts of money and shoving it directly into the pockets of rich people while playing a shell game with bad debts. This seems to allow the terrible economy to keep limping along.
This time they can’t print oil so that bullshit stops working, which is why this one might do them in.
Japan and China have been selling US treasuries and buying gold or their own treasuries instead… It’s not looking good. You can only print money needlessly when you have the unique privilege to do it as the reserve currency.
They can’t print oil, but they can play games with the strategic reserve and maybe implement heavy (heavier) subsidies, but yeah, eventually reality should set in. I just have no idea how long that would take. So far the market seems to take trump at his word every time.
End of July is what I’m hearing. Right now Peter is being robbed to pay paul
Formfiller@lemmy.world 4 days ago
Yep and the working class continues to struggle more and more while they gaslight us while pocketing all the assets for themselves