Erenincel
the body gives up but the soul wants to fight
★★★★★
- Joined
- Nov 16, 2025
- Posts
- 1,453
- Online time
- 3m 42s
The mistakes of previous generations will affect us and this is a opportunity to change.
We live in economic times very similar to the times before the Great Depression. Here are the similarities:
1.Stock market bubble – Equity valuations, especially in tech and AI, are heavily inflated — just like industrial stocks in the 1920s.
2.High interest rates – The Fed raised rates to 6.25% before 1929. Today they are at a similar level, yet markets keep climbing.
3.Wealth inequality – Wealth is concentrating among the few while the middle class loses purchasing power — exactly as before 1929.
4.Easy credit and debt – Before the crash, stocks were massively bought on margin. Today, global debt of governments, corporations and households is at record highs.
5.Protectionism – Tariffs and trade wars strangled the economy in the 1930s. Today we are again seeing the return of trade barriers and deglobalization.
6.Global contagion – Back then, the crisis spread across the world almost instantly. Today's interconnections are even stronger, making contagion risk greater.
Rise of radicalism – Inequality and economic uncertainty fuel populism and nationalist movements — just as in the 1930s
It is clear that this will not be the same crisis, but it will eventually happen, even though governments try to postpone it indefinitely.
The government and the people have completely different actions options.
Additionally, there are many issues that can cause a snowball effect.
things like rising costs of living, lack of trust in the government, demographics, the emigration crisis in the EU, the amount of private loans in the US, ecological crises, global warming, high polarization of society, etc. These things will cause mutually reinforcing problems.
Is that why he writes about it in this site?
Because I think we have a chance to change society. The current society will not survive in its present form. And we can force changes that will reverse our fate and that of other men.
I know this is probably just a cope because it could end up with us ordinary people living worse and worse and the Elite solidifying their position and introducing a repeat of feudalism (elements of it are already there), but if I'm right, we have a once-in-a-generation opportunity.
We live in economic times very similar to the times before the Great Depression. Here are the similarities:
1.Stock market bubble – Equity valuations, especially in tech and AI, are heavily inflated — just like industrial stocks in the 1920s.
2.High interest rates – The Fed raised rates to 6.25% before 1929. Today they are at a similar level, yet markets keep climbing.
3.Wealth inequality – Wealth is concentrating among the few while the middle class loses purchasing power — exactly as before 1929.
4.Easy credit and debt – Before the crash, stocks were massively bought on margin. Today, global debt of governments, corporations and households is at record highs.
5.Protectionism – Tariffs and trade wars strangled the economy in the 1930s. Today we are again seeing the return of trade barriers and deglobalization.
6.Global contagion – Back then, the crisis spread across the world almost instantly. Today's interconnections are even stronger, making contagion risk greater.
Rise of radicalism – Inequality and economic uncertainty fuel populism and nationalist movements — just as in the 1930s
It is clear that this will not be the same crisis, but it will eventually happen, even though governments try to postpone it indefinitely.
The government and the people have completely different actions options.
Additionally, there are many issues that can cause a snowball effect.
things like rising costs of living, lack of trust in the government, demographics, the emigration crisis in the EU, the amount of private loans in the US, ecological crises, global warming, high polarization of society, etc. These things will cause mutually reinforcing problems.
Is that why he writes about it in this site?
Because I think we have a chance to change society. The current society will not survive in its present form. And we can force changes that will reverse our fate and that of other men.
I know this is probably just a cope because it could end up with us ordinary people living worse and worse and the Elite solidifying their position and introducing a repeat of feudalism (elements of it are already there), but if I'm right, we have a once-in-a-generation opportunity.





