Ramping up this Russia thing is going to crash the global economy. Mind you, so will war with China. In fact the global economy is fucked anyway.
Comment on Biden full steamed potato mode
sj_zero@lotide.fbxl.net 3 years ago
My favorite part of that is it shows that America really doesn't need to get into any more wars -- It never works.
goldenballs@wolfballs.com 3 years ago
sj_zero@lotide.fbxl.net 3 years ago
There's also wars that need to be fought on inflation that'll destroy entire countries.
goldenballs@wolfballs.com 3 years ago
It seems too late. Inflation is after all a form of slow motion defaulting on debt. The deflationary forces of a collapsing China, Japan, Korea, and EU will help eventually. Given that interest rates can't be raised, the logical thing is to correct the wealth transfer through supertax on those who gained so much.
sj_zero@lotide.fbxl.net 3 years ago
It's sad when many people knew what was happening 15 years ago and sounded all kinds of alarm bells but retards with recency bias figured that because the obvious bad thing hadn't happened yet it will never happen.
Arguably it was happening, but the books were cooked to ignore serious inflation that was of course happening. Anyone who paid rent for the past 15 years or wanted to own a home knows it.
wigglehard@wolfballs.com 3 years ago
True