Politics

Out of context: Reply #29420

  • Started 17 years ago
  • Last post 4 days ago
  • 33,683 Responses
  • monoboy3

    Late capitalism doing its thing.

    Obamas investments have resulted in lots of growth in the jobs market which in-turn has increased wages.

    The federal banks now see this as an opportunity to increase interests rates and put a stop to cheap money.

    The only problem being, all private banks are sitting on trillions of debt so they might be squeezed to the point of failure.

    Investors (rich people) shit themselves and start selling off on a ridiculously over inflated stock market prices. Despite being given one of the biggest tax windfalls in recent history.

    And big business are already sitting on tons of cash reserves.

    Meanwhile, lolgop are jostling for an out and a blame despite taking credit for the jobs and wage growth.

    They are truly stupid corporate shills and a danger to world order.

    • If this gets a lot worse. (Pray it doesn't). Beijing might be tempted to dump US bonds and cause a run on the dollar.monoboy
    • Which would be ironic, seeing as a lot of capitalists in the UK keep pointing at Venezuela as proof socialism doesn't work. (Which it doesn't in this case).monoboy
    • ...only to have our assesses handed to us by China. A Communist regime.monoboy
    • Fuck knows what's going on now.monoboy
    • (and all the while, Trump's tax plans are adding Trillions to your national debt).monoboy
    • I read an article that suggest trump is indeed a genius, and he's provoking catastrophe (disaster capitalism) to re-set the world. God knows.monoboy
    • https://i.guim.co.uk…monoboy
    • ^ Graph in this article...
      https://www.theguard…
      monoboy

View thread