tiny lemmy 

A global recession is coming, economists warn

c/world · u/RandAlThor@lemmy.ca · 175 points

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Comments

u/superniceperson@sh.itjust.works · 2 points

You're on reddit.world, you can't suggest things like dragging the rich and their families out into the streets and beating them, nor suggest things like actively plotting to kill government officials, whom are serving the rich and not the people.

That's tankie nonsense. We should just vote harder.

u/TheBat@lemmy.world · 2 points

Bro thinks those people want to be allies lmao.

Those are not rational people. If they were they would've held their noses and voted for Kamala Harris.

u/piefood@piefed.social · 0 points

I think most protest voters *did* consider Trump a threat. But they also saw how the Democratic party was doing nothing to fix the problems that Trump utilized to gain power.

Maybe if the Democrats started fighting for the people, instead of their rich doners, the people would fight for them.

u/obvs@lemmy.world · 11 points

Jesus fucking Christ. I swear that there are bots to repost the exact same thing you post.

This is NOT the time to harp on that particular thing.

Those people are going to be some of the easiest potential allies to make, and this is an all hands on deck situation. We NEED them.

Posting this shit benefits the people opposing the idea that the comment is supposedly trying to support.

u/NoneOfUrBusiness@fedia.io · 20 points

No Italian plumber will save America from itself unless the American people collectively decide to become Italian plumbers.

u/ChicoSuave@lemmy.world · 11 points

Private enclaves? Looks like building shaped pinatas full of everything my community needs to survive all stuck behind the decisions of one person.

u/WhatAmLemmy@lemmy.world · 14 points

The world will be lucky if America escapes a fascist dictatorship via civil war. If not, it means the fascists have won and the rest of the century is gonna be so much darker than the 3-4c that's already inevitable.

u/WatDabney@sopuli.xyz · 79 points

By design.

And the 1% are going to ride it out in their purpose-built private enclaves, then buy the world at disaster auction prices and make themslves into feudal lords.

u/CountVon@sh.itjust.works · 53 points

Be lucky if we get out of this with only a recession. The slogan might as well have been Make America Great Depression Again.

u/avidamoeba@lemmy.ca · 22 points

Recession if we're lucky. Otherwise depression, with an American administration incompetent to handle it.

u/SoftestSapphic@lemmy.world · 20 points

Nothing will meaningfully improve until the rich fear for their lives

Maybe when the depression hits and the labor unions force the pendulum to swing back in our favor we can disallow the excess accumulation of wealth and give any rich unwilling to part with their ill gotten gains the death penalty

To beat Capitalism we need to perpetually redistribe all excess wealth

u/Litebit@lemmy.world · 6 points

only america, the rest of us will be saved by cheap stuff from Vietnam, Cambodia and china

u/Paragone@lemmy.world · 3 points

What is coming is the 2nd Depression, not a mere recession.

I don't know *when* it is hitting, with Trump being fueled by destructive-chaos itself, but the economic-bubble we've been living-in HAS to pop, & when it does, it'll take 3y to bottom-out, & when that happens, Trump is going to use that economic-hardship to finish eradicating the Constitution from the US of A's real law.

the plummet begins sometime this-year, I've been expecting it for months & months..

but which Trum possessing the US it simply can't be delayed much longer..

so the 3y bottom-out of the global economy happens in 2028, when Trump needs it to happen, for his finishing his highjacking of the US.

https://www.depledgeswm.com/depledge/the-us-printed-more-than-3-trillion-in-2020-alone-heres-why-it-matters-today/

seems to give the right gist of it..

Essentially, IF you have an economy in-which there are 1M people & 1B dollars, & 1-day's food costs $2,

BUT you then double the amount of money in the economy,

THEN suddenly 1-day's food costs *the same fraction of the total-amount-of-money-in-the-economy, but the number-of-dollars changes,* because the relative-value of each dollar has been diluted,

so what *had* cost $2 / day for food, NOW it costs $4 / day for food.

Inflation.

I've read that the total quantitative-easing done during the Biden years amounts to multiplying the amount of US-dollars by 10x.

Which means that each $ *should* now be worth only 1/10th of what it did at the beginning.

but it has been "held back" by many many many players..

Market-correction *has* to happen, sooner or later.

All the bogosity in our economy *cannot* self-sustain perpetually.

Unfortunately, the longer that actuality is fought-off, the greater the hardship when it bites.

So, .. probably famines, for many populations, in poorer areas..

Humankind's choice, obviously..

As was pointed-out in the original Depression:

you can't start any business because there's no credit available.

You can't get credit existing, because there's no businesses being started.

Catch-22.

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