My prediction is 2022 is gonna be a year of personal expenses pain for everyone
American Economics Thread
- Thread starter Bernard
- Start date
Seems like the US mischief and incompetence could lead to another financial crisis brought upon the world by Americans.
Well, there's like 'boom and bust' cycles in capitalist countries. In ways, every time a 'bust' happens, a number of of 'bad' companies will go down which will help the economy.
But that's not completely what happened in the 2008 lol. "Too big to fail" afterall lol.
As such, I think the next 'bust' is gonna be bigger than the 08 one, and it's gonna hit the US hard, especially hard (probably gonna end US dollar as world reserve currency).
Normally the "bust" or "recession" cycle happening once in a while is not a bad thing because it helps drive out unproductive companies and thus freeing capital and labour to flow to more productive companies.
Instead what is happening in recent years is that the US government interfering too much and thus breaking the normal cycle.
This doesn't help anyone but the unproductive companies who keep recieving subsidies and policy support. There are other "benefits" of recession but they would take a long post to explain properly
Would be nice to have back @Gatekeeper to explain this indepth
TLDR: Paradoxically, recession is good when it happens periodically and it is not distorted by crony governments
AssassinsMace
Lieutenant General
Doesn't matter so long I get my hands on good BBQ
AssassinsMace
Lieutenant General
Trucking is also part of shipping. Have you been to the supermarket lately? Simple stuff like soda is empty on the shelves. Your BBQ might be held hostage also.
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