ITT we try to understand how bad things really are.
So jewtube suggested me an interesting documentary on autoplay. I believe most of us is already aware that since USA abandoned gold standard, money is being created out of thin air. Documentary shows interesting aspect to it, in UK's Bank of England doesn't put notes in circulation by itself, it lets bank do it instead. It means that each time somebody takes a loan, bank creates amount of money (Respecting BoE's threshold ), gives it to people, and then collects it with certain percent to repeat the transfer. Documentary explains why debt fueled system is bad for pretty much everybody aside of banks. It points out connections between banks, namely Goldman Sachs and ministries of finances in numerous countries in Europe and US. It's worth checking out if somebody is lacking knowledge on the topic
We've got some economyfags here. I'm hoping you could share your knowledge on this system. Is it really true that the enemy has endless resources at his disposal ?
This current bear market is the second longest in history. 10 years from last recession that hit in 2008 is pretty long time, meaning that markets really needed long time to take that last blow in. Meaning they were really shakey to begin with.
Next recession is coming in a year or two. Suggestion is to liquidate your assets and pay off your debts. When recession hits a lot of people will be scrambling for money because of debt, wait a bit for prices to fall and with that liquidation buy things. Or if you want to be careful with your money, but crypto to hold it.
If you trust that there will government and corporations and insurance so not a total collapse but a standard economic correction, keep it in the bank, wait, buy things you desire or new assets in the fire sales. If you think it will be a purging back to the dark ages, invest in food, shelter and defense.
Ryder Mitchell
Wanted to post the same thing, it's a great summary.
Hunter Foster
Shill your shit elsewhere yid. Stop shitting up the catalog.
Mason Diaz
Hard The only reason 20s depression was that hard hitting is because of fear that normies (that didnt even read newspapers) created. They just hit the banks while the last recession in 2008 didn't push the masses to get their bucks out of banks and that recession was hardest hitting next to 20s depression.
Joshua Wright
video is obviously not mine jew, this thread has actual merit, it's supposed to show people that neither US nor any other country is capitalist since gold standard was abolished. I want people with certain wisdom to speak up how we can fix this system which seems fucked to the point where changing system is impossible without major fuck up.
But I'm sure we need 21 more threads on Trump, that always keeps people entertained
