Economic Meltdown 2018 | Page 6 | INFJ Forum

Economic Meltdown 2018

Discussion in 'Science and Technology' started by Emanuel Goldstein, Dec 15, 2017.

Share This Page

Watchers:
This thread is being watched by 10 users.
More threads by Emanuel Goldstein
  1. jkxx

    jkxx Ъ

    Joined:
    Feb 20, 2018
    Threads:
    16
    Messages:
    1,114
    Featured Threads:
    2
    Likes Received:
    13,230
    Trophy Points:
    1,832
    Gender:
    Male
    Location:
    Colorado, US
    MBTI:
    INFJ
    Enneagram:
    1w2
    Yes the "meltdown" theme has been active this year in so many different ways (see my Intel thread too where it bit them pretty seriously early on in the year) but have not looked at the financial side yet - however shocks and disturbing developments there are to be expected, imo, for the next several years.
     
    Stop hovering to collapse... Click to collapse... Hover to expand... Click to expand...
    Emanuel Goldstein and Skarekrow like this.
  2. ruji

    ruji Well-known weirdo

    Joined:
    Dec 29, 2009
    Threads:
    23
    Messages:
    13,567
    Likes Received:
    33,060
    Trophy Points:
    2,427
    MBTI:
    xxxx
    Like @Skarekrow, I'll have to catch up as well.

    So maybe what I have to say without context might be obvious or out of context.
    Quite simply that because there is now a greater difference between the rich and poor (and getting worse), our economy suffers.
     
    Stop hovering to collapse... Click to collapse... Hover to expand... Click to expand...
  3. Skarekrow

    Skarekrow ~~DEVIL~~

    Joined:
    Jan 9, 2012
    Threads:
    104
    Messages:
    16,859
    Featured Threads:
    7
    Likes Received:
    25,222
    Trophy Points:
    1,921
    MBTI:
    Ni-INFJ-A
    Enneagram:
    Warlock
    Hmmmm....Yes for sure they do...and you may be right as it’s usually wall st fucking around that causes things to go tits up, however one on thing...
    I don’t quite agree....maybe it just shortens the length of time we are being fucked.
    The Trump tax scam bill....if what I speak.
    Yeah...look at all the taxes the middle class got...hahahaha....oh? It’s only good for two years for the middle class but permanent for the corporations and the wealthy?
    IDK....man.
    I wish they would just dissolve everyones’ student loans.
    Someone needs to pull a giant hack job like Mr. Robot or “Fight Club” and wipe that shit off the records for everyone.
    “Dude, I totally paid off my student loans like years before that ever happened, I don’t know what money you are talking about...can you show me some documentation that I didn’t?”
    Hahaha...
    Also...super job Congress blowing up the Frank-Dodd bill and regulations.
    That will help alright.
    Wages have stagnated since 1982.
    Healthcare is the number one cause of bankruptcies in the US.
    Sure...it will probably go down in flames...but we have before like you’ve said...I don’t doubt we will bounce back.
     
    Stop hovering to collapse... Click to collapse... Hover to expand... Click to expand...
    Emanuel Goldstein and Sandie33 like this.
  4. OP
    Emanuel Goldstein

    Emanuel Goldstein Community Member

    Joined:
    Nov 8, 2017
    Threads:
    1
    Messages:
    782
    Featured Threads:
    1
    Likes Received:
    1,192
    Trophy Points:
    708
    MBTI:
    INFJ
    Enneagram:
    No idea
    Some people think they are going to print money like its going outta style and there is gonna be a melt up in the stock market. These things are difficult to predict... but it seems like the smart money is getting out. Rumor says October or at least before the end of the year....
     
    ruji likes this.
  5. OP
    Emanuel Goldstein

    Emanuel Goldstein Community Member

    Joined:
    Nov 8, 2017
    Threads:
    1
    Messages:
    782
    Featured Threads:
    1
    Likes Received:
    1,192
    Trophy Points:
    708
    MBTI:
    INFJ
    Enneagram:
    No idea
    Normalcy bias, because they have created the perfect storm like you said... banks all systemic and connected and they blew their proverbial wad in 2008... I'm thinking new depression if we are not in one already....

    Either way we are in for a hell of a ride... rumors abound that the banks are going to try and cover it up saying they were attacked by a virus and they are going to have to shut down the system and have a bank holiday a la 1929.... but rumors ... am I right...
     
    dragulagu and Skarekrow like this.
  6. A Guy

    Donor

    Joined:
    May 11, 2019
    Threads:
    5
    Messages:
    84
    Featured Threads:
    3
    Likes Received:
    233
    Trophy Points:
    453
    Gender:
    Male
    MBTI:
    INTJ
  7. dragulagu

    dragulagu Truth does not change because it is, or is not. 42
    Donor

    Joined:
    Mar 8, 2019
    Threads:
    12
    Messages:
    452
    Featured Threads:
    1
    Likes Received:
    2,057
    Trophy Points:
    997
    Gender:
    Male
    Location:
    Waffleland
    MBTI:
    INTJ
    Enneagram:
    549
    Sandie33 and neko like this.
  8. Wyote

    Wyote Con Risa Absoluta
    Staff Member Administrator

    Joined:
    Sep 28, 2008
    Threads:
    224
    Messages:
    27,027
    Featured Threads:
    14
    Likes Received:
    116,953
    Trophy Points:
    4,271
    Gender:
    Male
    MBTI:
    Ni Space
    Enneagram:
    9 Seas
    Stop hovering to collapse... Click to collapse... Hover to expand... Click to expand...
    neko likes this.
  9. A Guy

    Donor

    Joined:
    May 11, 2019
    Threads:
    5
    Messages:
    84
    Featured Threads:
    3
    Likes Received:
    233
    Trophy Points:
    453
    Gender:
    Male
    MBTI:
    INTJ
    It's going to eat Fiat currency
     
    dragulagu likes this.
  10. A Guy

    Donor

    Joined:
    May 11, 2019
    Threads:
    5
    Messages:
    84
    Featured Threads:
    3
    Likes Received:
    233
    Trophy Points:
    453
    Gender:
    Male
    MBTI:
    INTJ
  11. dragulagu

    dragulagu Truth does not change because it is, or is not. 42
    Donor

    Joined:
    Mar 8, 2019
    Threads:
    12
    Messages:
    452
    Featured Threads:
    1
    Likes Received:
    2,057
    Trophy Points:
    997
    Gender:
    Male
    Location:
    Waffleland
    MBTI:
    INTJ
    Enneagram:
    549
    Honestly, not sure if it will. Bitcoin has the advantage of being the first cryptocurrency that was globally released, but the way the transactions are taking more time and cost + the difficulty of mining them now really doesn't make the currency future-proof. So it will eat some Fiat currency, sure, but it will never be sustainable in my eyes as a proper replacement of Fiat currency. Cryptocurrency is the future though.
     
    Wyote likes this.
  12. A Guy

    Donor

    Joined:
    May 11, 2019
    Threads:
    5
    Messages:
    84
    Featured Threads:
    3
    Likes Received:
    233
    Trophy Points:
    453
    Gender:
    Male
    MBTI:
    INTJ
    No one can tell but it's opened the way forward in terms of how we view finance.
     
    dragulagu likes this.
  13. Hostarius

    Hostarius Apostate INFJ

    Joined:
    Aug 5, 2018
    Threads:
    16
    Messages:
    3,647
    Featured Threads:
    11
    Likes Received:
    27,469
    Trophy Points:
    2,242
    Gender:
    Male
    Location:
    UK, a part of the EU
    MBTI:
    INTJ
    Enneagram:
    1w2
    What are you talking about? Bitcoin is a fiat currency - or are you simply referring to traditional government-minted currencies?

    In fact, you could argue that bitcoin is the most fiat currency, because it isn't backed by a large national government with all the (albeit now very limited) gold reserves/industrial capital that entails. Arguing that bitcoin is not a fiat currency is a ridiculous proposition because it simply has no inherent commodity value. Rice would be less fiat than bitcoin.
     
    Stop hovering to collapse... Click to collapse... Hover to expand... Click to expand...
    Wyote likes this.
  14. Wyote

    Wyote Con Risa Absoluta
    Staff Member Administrator

    Joined:
    Sep 28, 2008
    Threads:
    224
    Messages:
    27,027
    Featured Threads:
    14
    Likes Received:
    116,953
    Trophy Points:
    4,271
    Gender:
    Male
    MBTI:
    Ni Space
    Enneagram:
    9 Seas
    I have three boxes currently
     
    Stop hovering to collapse... Click to collapse... Hover to expand... Click to expand...
    Hostarius likes this.
  15. Hostarius

    Hostarius Apostate INFJ

    Joined:
    Aug 5, 2018
    Threads:
    16
    Messages:
    3,647
    Featured Threads:
    11
    Likes Received:
    27,469
    Trophy Points:
    2,242
    Gender:
    Male
    Location:
    UK, a part of the EU
    MBTI:
    INTJ
    Enneagram:
    1w2
    Wyote is future proof, EVERYBODY INVEST IN WYOTE IMMEDIATELY!!!
     
    Stop hovering to collapse... Click to collapse... Hover to expand... Click to expand...
    Wyote likes this.
  16. Wyote

    Wyote Con Risa Absoluta
    Staff Member Administrator

    Joined:
    Sep 28, 2008
    Threads:
    224
    Messages:
    27,027
    Featured Threads:
    14
    Likes Received:
    116,953
    Trophy Points:
    4,271
    Gender:
    Male
    MBTI:
    Ni Space
    Enneagram:
    9 Seas
    Lmao I just try to keep all my assets liquid
     
    Stop hovering to collapse... Click to collapse... Hover to expand... Click to expand...
    Hostarius likes this.
  17. Wyote

    Wyote Con Risa Absoluta
    Staff Member Administrator

    Joined:
    Sep 28, 2008
    Threads:
    224
    Messages:
    27,027
    Featured Threads:
    14
    Likes Received:
    116,953
    Trophy Points:
    4,271
    Gender:
    Male
    MBTI:
    Ni Space
    Enneagram:
    9 Seas
    Man that 2018 meltdown was a bitch.
    Glad we got through it with such little trouble.
     
    Stop hovering to collapse... Click to collapse... Hover to expand... Click to expand...
    Hostarius likes this.
  18. A Guy

    Donor

    Joined:
    May 11, 2019
    Threads:
    5
    Messages:
    84
    Featured Threads:
    3
    Likes Received:
    233
    Trophy Points:
    453
    Gender:
    Male
    MBTI:
    INTJ
    Suck the EU draft dodger
     
  19. A Guy

    Donor

    Joined:
    May 11, 2019
    Threads:
    5
    Messages:
    84
    Featured Threads:
    3
    Likes Received:
    233
    Trophy Points:
    453
    Gender:
    Male
    MBTI:
    INTJ
  20. dragulagu

    dragulagu Truth does not change because it is, or is not. 42
    Donor

    Joined:
    Mar 8, 2019
    Threads:
    12
    Messages:
    452
    Featured Threads:
    1
    Likes Received:
    2,057
    Trophy Points:
    997
    Gender:
    Male
    Location:
    Waffleland
    MBTI:
    INTJ
    Enneagram:
    549
     

Share This Page