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Date: August 6th, 2019 1:36 PM Author: obsidian piazza "We’ll see who has the power when this asset bubble implodes. A lot of funny money ended up in Silicon Valley. Most of these companies aren’t worth a fraction of current valuations. The future will be a government that has to live within its means. That means, taxation roughly equalling outlays. If that happens, governments will have to contract, minimally by 50%. This will happen after the next 2008 style recession, after the deficit hits 3-4 trillion+ per year, after the bond market adjusts to this reality, and after a period of high inflation. Tax receipts roughly top out at 17% of GDP, regardless of tax rates. Suddenly, “woke” tier three college professors will have to get real jobs, and millions of others currently grifting off the current credit system.
About 10 years from now we will all be adjusting to a much smaller government, not because the people want it, but because it will be the cold reality of the traditional credit system reasserting itself. The people won’t like it one bit, and neither will the politicians. We currently have about $13 trillion in negative yielding bonds, worldwide. This is patently absurd, and these bonds will be the first to vaporize when the credit cycle adjusts. This whole era is an absurd, Alice in Wonderland rabbit hole. We tend to view the world through the prism of the present. In this case we have to step outside the false reality that the current global credit system has created.
This era of “woke” people and trannies running around will be seen as pure black comedy to future people. What we really have to worry about is that these politicians, worldwide, including the capitulating orange blob, start WW3 as a deflection from these realities and painful by necessary adjustments. Reality must be faced at some point." |
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Date: August 6th, 2019 1:40 PM Author: Purple orchestra pit circlehead source?
this is spot on IMHO |
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Date: August 6th, 2019 1:40 PM Author: obsidian piazza one of the comments here
https://thezman.com/wordpress/?p=18258#comments |
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Date: August 6th, 2019 1:44 PM Author: Purple orchestra pit circlehead i'll confess (as I have in other threads) that i definitely want this to be true
if things turn upside down and those on top suddenly lose a significant chunk of their wealth, my own status is elevated by comparison
put another way, when the tide goes out, many will be revealed to be swimming naked, but i will be in trunks |
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Date: August 6th, 2019 1:45 PM Author: obsidian piazza why do you assume you wouldn't be affected? (https://xoxohth.com/thread.php?thread_id=4317776&forum_id=2#38646572) |
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Date: August 6th, 2019 1:49 PM Author: Purple orchestra pit circlehead i'm not levered up, and my (limited) net worth is tied up in cash
i've also been miserable for the last several years blasting my student loans and deliberately avoiding lifestyle creep
psychologically, i'm inoculated against a yuge recession in a way that my free spending, east coast elite acquaintances are not
i could be wrong, but that's how i'm looking at this for now |
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Date: August 6th, 2019 1:59 PM Author: obsidian piazza (https://xoxohth.com/thread.php?thread_id=4317776&forum_id=2#38646669) |
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Date: August 7th, 2019 10:56 AM Author: 180 stage skinny woman Lol @ your cash being worth anything in this scenario (https://xoxohth.com/thread.php?thread_id=4317776&forum_id=2#38651035) |
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Date: August 7th, 2019 12:18 PM Author: Purple orchestra pit circlehead i mean if we can't rely on cash or any other hard currency that can immediately settle a transaction, then we're all truly fucked (https://xoxohth.com/thread.php?thread_id=4317776&forum_id=2#38651394) |
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Date: August 7th, 2019 12:22 PM Author: Provocative irate idea he suggested The point being your station doesn’t improve on a relative basis unless a haha we’re truly fucked scenario occurs bro (https://xoxohth.com/thread.php?thread_id=4317776&forum_id=2#38651417) |
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Date: August 7th, 2019 12:29 PM Author: Purple orchestra pit circlehead it improves if people, like the majority of my big law peers, who decided to dump their salary into the stock market instead of aggressively repaying their loans all get their portfolios wiped out
this doesn't require cash losing its value
it requires that the equity securities that comprise most 401k investments lose their value, which they ought to |
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Date: August 7th, 2019 12:24 PM Author: azure step-uncle's house (only guy in 2019 who hasn't heard of Bitcoin) (https://xoxohth.com/thread.php?thread_id=4317776&forum_id=2#38651427) |
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Date: August 7th, 2019 12:30 PM Author: Purple orchestra pit circlehead i hold bitcoin
but on coinbase
what good does holding bitcoin on an exchange (like most crypto investors) do me if the dollar is debased? |
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Date: August 7th, 2019 1:17 PM Author: carnelian narrow-minded athletic conference university Huh? (https://xoxohth.com/thread.php?thread_id=4317776&forum_id=2#38651640) |
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Date: August 7th, 2019 9:14 PM Author: Bateful rose church building Get a hard wallet ffs (https://xoxohth.com/thread.php?thread_id=4317776&forum_id=2#38653887) |
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Date: August 7th, 2019 11:49 PM Author: carnelian narrow-minded athletic conference university his post makes no sense (https://xoxohth.com/thread.php?thread_id=4317776&forum_id=2#38654714) |
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Date: August 8th, 2019 12:32 AM Author: Purple orchestra pit circlehead Which part
Hard wallet is the answer |
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Date: August 7th, 2019 1:52 PM Author: chest-beating jade faggotry mother How will ur cash fare in the period of high inflation mentioned in op (https://xoxohth.com/thread.php?thread_id=4317776&forum_id=2#38651884) |
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Date: August 7th, 2019 4:16 PM Author: Purple orchestra pit circlehead that's what the bitcoin is for (https://xoxohth.com/thread.php?thread_id=4317776&forum_id=2#38652676) |
Date: August 6th, 2019 1:39 PM Author: obsidian piazza (https://xoxohth.com/thread.php?thread_id=4317776&forum_id=2#38646527) |
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Date: August 6th, 2019 1:41 PM Author: Insanely creepy police squad property Sounds politically motivated (https://xoxohth.com/thread.php?thread_id=4317776&forum_id=2#38646542) |
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Date: August 6th, 2019 1:42 PM Author: topaz cerebral associate business firm Yep. Sounds about right. This is why I think America will do relatively well during the upcoming recession/depression. Loads up on guns and food anyway though. (https://xoxohth.com/thread.php?thread_id=4317776&forum_id=2#38646556) |
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Date: August 6th, 2019 1:44 PM Author: Copper sticky nowag flame. will not happen for the simple fact that a major US recession == global economy 10x worse == money pouring into dollar (domestic & external) == Fed prints money
2008 was catastrophic and that was when china etc were in a much better shape. we will follow the same playbook next recession and this time Fed/USD will be even stronger |
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Date: August 6th, 2019 1:45 PM Author: Avocado pisswyrm cuckold nigger (https://xoxohth.com/thread.php?thread_id=4317776&forum_id=2#38646570) |
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Date: August 6th, 2019 1:52 PM Author: bat-shit-crazy field fuking retarded and paranoid and stupid
Country Tax as % of GDP[1] Algeria 64.07 Timor-Leste 61.5[13] Norway 54.8 [4] Finland 54.2 [4] Denmark 50.8[6] Sweden 49.8 [4] Belgium 47.9[2] France 47.9[8] Cuba 44.8 Germany 44.5 Italy 43.5 Lesotho 42.9 Austria 42.7 Bosnia and Herzegovina 41.2 Iceland 40.4 Netherlands 39.8 Swaziland 39.8 Slovenia 39.3 Cyprus 39.2 Hungary 39.1 Greece 39.0[8] Spain 37.3 Portugal 37.0 Israel 36.8 Croatia 36.7 Luxembourg 36.5 Czech Republic 36.3 Japan 35.9 [4] European Union[7] 35.7 Botswana 35.2 Malta 35.2 OECD[10] 34.8 New Zealand 34.5 Brazil 34.4 United Kingdom 34.4 Serbia 34.1 Moldova 33.8 Mongolia 33.8 Poland 33.8 Korea, South 33.6 [4] Barbados 32.6 Estonia 32.3 Seychelles 32.0 Guyana 31.9 Canada 31.7 [4] Ireland 30.8 Latvia 30.4 Dominica 30.3 Albania 30.26 Slovakia 29.5 North Macedonia 29.3 Namibia 28.8 Ukraine 28.1 Montenegro 28.0 Trinidad and Tobago 28.0 Australia 27.8 Bulgaria 27.8[3] Switzerland 27.8 [12] Romania 27.7[6] Jamaica 27.2 Zimbabwe 27.2 United States 27.1[15] |
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Date: August 7th, 2019 10:27 AM Author: obsidian piazza (https://xoxohth.com/thread.php?thread_id=4317776&forum_id=2#38650856) |
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Date: August 7th, 2019 10:31 AM Author: duck-like mexican range Fire 75% of all government workers and add/subtract from there (https://xoxohth.com/thread.php?thread_id=4317776&forum_id=2#38650885) |
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Date: August 7th, 2019 11:58 AM Author: obsidian piazza (https://xoxohth.com/thread.php?thread_id=4317776&forum_id=2#38651304) |
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Date: August 7th, 2019 1:46 PM Author: obsidian piazza (https://xoxohth.com/thread.php?thread_id=4317776&forum_id=2#38651827) |
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Date: August 7th, 2019 9:05 PM Author: obsidian piazza (https://xoxohth.com/thread.php?thread_id=4317776&forum_id=2#38653844) |
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Date: August 8th, 2019 1:31 PM Author: obsidian piazza (https://xoxohth.com/thread.php?thread_id=4317776&forum_id=2#38656718) |