Serious The state of the world and potential market crash

[Mr. Ponzi]

It's a common belief that the market will crash because of obvious reasons like inflation, debt and so on, like it happened in the past. The ones who ignore this fact are usually ignorant of how the system works and believe blindly in the status quo.

I don't want to sound like I believe in conspiracies, but it's reasonable to assume that there's a handful of people who control the banks. What if they will just force the game to keep going? What triggered the financial crash in 1929 was the fact that bankers started to pressure people to pay their loans back and when these people failed to do so, the bankers started selling their shares (please correct me if I'm wrong). I still have to learn more about 2008, but I assume it was the same thing. What if now the bankers will just decide not to do so and just keep the game going? They already know what will happen if they force their hand. What if they just settle for the slow, artificial, but effective game of inflation and lending?

 

[PersonalityChad]

Most of America's "economy" is a gigantic ponzi scheme. And all Ponzi schemes die eventually.
It's coming.

 

[shadowcel]

Low iq post. Shit will just keep going on as it is, until the majority of the people lose confidence in the Greenback for some reason (Most likely greed by the few in charge)

 

[Modus Coperandi]

you made a thread earlier about the ponzi scheme, I think you might be better of asking questions like this in a business forum

 

[Mr. Ponzi]

I think you might be better of asking questions like this in a business forum

They're too blue pilled.

 

[It's All Genetics]

Low iq post. Shit will just keep going on as it is, until the majority of the people lose confidence in the Greenback for some reason (Most likely greed by the few in charge)

Our system has breaking points and leakages that you are not comprehending that will break within time. The only difference is these failures in our system are less predictable when people keep their faith in the economy and government. 2008 is a good example, a major failure occurred, but only a small minority figured out it was a house of cards beforehand. More collapses will occur due to the foundational flaws in our system that will go unpredicted, and those who can't predict it think it will just keep going on as it is.

 

[Frottbott]

Ugh. First, conspiracies are obviously real. We're not blue pilled normies here, you can do some research and not worry about being called schizo. Truthstream Media (youtube) is a good starting point, but nothing too fancy. Just an easy first dose.

Secondly, the markets collapsed because... dude, this shit is too retarded to even be real - hedge betting. People would literally bet, and it was considered an official stock market venture, AGAINST companies! In other words, you would bet money that a company would fail, so you would try to sabotage the company. Then after that, the vastly less important reason the economy failed was predatory lending and not banks forcing anybody to do anything out of the norm, but just tons of people filing bankruptcy because these loans were literally impossible to pay off no matter what the person did (aside winning the lottery, which is a hoax). These loans were heavily surrounding housing, so tons of people lost their houses and the banks were just in it to fuck people over and not even to make a buck. So the people got fucked, the banks projected income was based on if the people were capable of paying back the loans (lol, so fucking stupid), and everything got totally fucked.

Nobody understands economics at all. If I had had money and invested in my life... my God... If you're going to invest these days, I would recommend pulling all money out of tech and investing in nature-oriented products (tents, REI, flashlights, literally marshmallows (campfires), etc), as this internet/phone/technology thing is a fucking bubble and in 2-3 years people will not be touching it at all. Our world is on the verge of collapse and people are so fucked up right now. Humanity is going to go back to its' roots and it's literally a psychological necessity/guarantee.

 

[VST]

It's a common belief that the market will crash because of obvious reasons like inflation, debt and so on, like it happened in the past. The ones who ignore this fact are usually ignorant of how the system works and believe blindly in the status quo.

I don't want to sound like I believe in conspiracies, but it's reasonable to assume that there's a handful of people who control the banks. What if they will just force the game to keep going? What triggered the financial crash in 1929 was the fact that bankers started to pressure people to pay their loans back and when these people failed to do so, the bankers started selling their shares (please correct me if I'm wrong). I still have to learn more about 2008, but I assume it was the same thing. What if now the bankers will just decide not to do so and just keep the game going? They already know what will happen if they force their hand. What if they just settle for the slow, artificial, but effective game of inflation and lending?

2008 was because banks have out mortgages to any stupid faggot on minimum wage.

 

[Henry de Montherlant]

High IQ. Trading made me realize how manipulated some markets are. I really don't know what the whales will decide, but a crisis in the coming years is to be expected according to me.

 

[Mr. Ponzi]

Trading made me realize how manipulated some markets are. I really don't know what the whales will decide, but a crisis in the coming years is to be expected according to me.

Same here. But is history actually repeating itself or is it repeating some complicated pattern? My theory is that we 'evolve' to manipulate better, this is probably the reason why old speeches, commercials, etc seem so goofy and naive. Because with every generation we outsmart (in a manipulative way) what happened before us. What if the bankers will now manage to keep the dirty game by not putting pressure on people? 'Oh, you can't pay your debt? We'll just give you more time.' or something like that. Not very efficient, but at least not catastrophic.

 

[Fontaine]

The "collapse" is the saddest wishful thinking ever contrived by loser communities on the internet.

ZeroHedge.com made me lose inordinate amounts of money in the 2008-2014 timespan by spouting bullshit about precious metals and the coming hyperinflation. Fuck all these delusional MFers.

 

[shadowcel]

Our system has breaking points and leakages that you are not comprehending that will break within time. The only difference is these failures in our system are less predictable when people keep their faith in the economy and government. 2008 is a good example, a major failure occurred, but only a small minority figured out it was a house of cards beforehand. More collapses will occur due to the foundational flaws in our system that will go unpredicted, and those who can't predict it think it will just keep going on as it is.

Its true that you need to keep the masses in the dark to operate the financial markets, but at the end of the day, the reality of scarcity still exists, the Earth has finite resources and this will cause the markets to crash eventually.

 

[Mr. Ponzi]

The "collapse" is the saddest wishful thinking ever contrived by loser communities on the internet.

I am afraid you might be right, but I am trying to figure out why it won't happen, because technically these people (ex. Taleb, Ron Paul) are right about how the system works. It's a rigged game, there's no doubt about it. But is this something that will actually break down or has the system become sneaky enough to keep it going this time?

 

[Fontaine]

I am afraid you might be right, but I am trying to figure out why it won't happen, because technically these people (ex. Taleb, Ron Paul) are right about how the system works. It's a rigged game, there's no doubt about it. But is this something that will actually break down or has the system become sneaky enough to keep it going this time?

I wager the "system" has become well-oiled and the year 2009 proved unequivocally that States will now always come to the rescue of banks to prevent panics.

Also, there's evidence technological progress is actually accelerating (contra Luddite/alt-right/peakoiler wish of a global return to the stone age), with continuing improvements in productivity and rate of return on invested capital.

Basically, all the "loser man narratives" are false. The world continues to progress. And assuming racist theories are right, the changing racial makeup of the West is not going to be a heavy enough dead weight to cause a collapse. The more mean IQ drops, the more technology will compensate for it.

 

[MullberryB]

The "collapse" is the saddest wishful thinking ever contrived by loser communities on the internet.

ZeroHedge.com made me lose inordinate amounts of money in the 2008-2014 timespan by spouting bullshit about precious metals and the coming hyperinflation. Fuck all these delusional MFers.

For sure ZH has been mostly wrong for the last 10 years .
Do you think the original Tyler has created the site since he really believes in the final crash or because selling doom porn to us poor copers is really profitable ?

We can give the system a few praise for it's resilience and us doomers never imagined that QE, ZIP, NIRP and other shenanigans would have propped the world economy so much .

Anyway on a long enough timeline we will know

 

[shadowcel]

Ugh. First, conspiracies are obviously real. We're not blue pilled normies here, you can do some research and not worry about being called schizo. Truthstream Media (youtube) is a good starting point, but nothing too fancy. Just an easy first dose.

Secondly, the markets collapsed because... dude, this shit is too retarded to even be real - hedge betting. People would literally bet, and it was considered an official stock market venture, AGAINST companies! In other words, you would bet money that a company would fail, so you would try to sabotage the company. Then after that, the vastly less important reason the economy failed was predatory lending and not banks forcing anybody to do anything out of the norm, but just tons of people filing bankruptcy because these loans were literally impossible to pay off no matter what the person did (aside winning the lottery, which is a hoax). These loans were heavily surrounding housing, so tons of people lost their houses and the banks were just in it to fuck people over and not even to make a buck. So the people got fucked, the banks projected income was based on if the people were capable of paying back the loans (lol, so fucking stupid), and everything got totally fucked.

Nobody understands economics at all. If I had had money and invested in my life... my God... If you're going to invest these days, I would recommend pulling all money out of tech and investing in nature-oriented products (tents, REI, flashlights, literally marshmallows (campfires), etc), as this internet/phone/technology thing is a fucking bubble and in 2-3 years people will not be touching it at all. Our world is on the verge of collapse and people are so fucked up right now. Humanity is going to go back to its' roots and it's literally a psychological necessity/guarantee.

Its true that no one really understand economics (its a crock like all other professions which are just modern medieval guilds and make you jump stupid hoops) and i agree, the phones are complete crap bubble. No real research behind this, but im estimating another 40 years tops of western standard of living.

 

[Mr. Ponzi]

I wager the "system" has become well-oiled and the year 2009 proved unequivocally that States will now always come to the rescue of banks to prevent panics.

Yes, I'm afraid you are right. Do you have any recommendations for further reading? It seems like the 'prophets' are divided between optimists that cheer for the system and optimists that cheer of the crash, with both of the sides having a high degree of delusion. I would really like to find a good source of pessimistic analysis on the topic of finance.

 

[Fontaine]

For sure ZH has been mostly wrong for the last 10 years .

They've been fully wrong. Wronger than a broken clock. Anyone who has followed ZH for investment advice since its existence has lost money, or did a meagre +100% on gold instead of lifechanging 2,000%+ gains in technology stocks or crypto. (the ZH retards have been crying "bubble" for everything, but strangely they didn't care to warn their readers of the 2011 gold bubble).

Do you think the original Tyler has created the site since he really believes in the final crash or because selling doom porn to us poor copers is really profitable ?

I think he believed in the crash in the beginning, and progressively lost faith himself. But after he saw that ZH had become a moneymaking machine (financial ads are pretty profitable), he kept it as a golden goose.

We can give the system a few praise for it's resilience and us doomers never imagined that QE, ZIP, NIRP and other shenanigans would have propped the world economy so much .

Definitely was a lesson in humility to all losers/copers who thought of themselves as smarter than the men in charge. Doesn't mean that the system is okay, but one shouldn't underestimate its IQ.

Anyway on a long enough timeline we will know

I wouldn't wait too long if I were you. If you want a new cope to replace doomer delusions, check out my signature.

Yes, I'm afraid you are right. Do you have any recommendations for further reading? It seems like the 'prophets' are divided between optimists that cheer for the system and optimists that cheer of the crash, with both of the sides having a high degree of delusion. I would really like to find a good source of pessimistic analysis on the topic of finance.

I would recommend to abstain from reading financial material entirely. No one can know where the market or the economy is truly going, so you're wasting time.

The books of Nassim Taleb might be an exception. I recommend Taleb, because he precisely demonstrates that no one can predict the future and all "financial modelers" are full of shit.

 

[Mr. Ponzi]

The books of Nassim Taleb might be an exception. I recommend Taleb, because he precisely demonstrates that no one can predict the future and all "financial modelers" are full of shit.

I've read most of his books and although I found him fascinating at first, I find him quite naive now. He's still under the illusion of hope and utopia which make him a victim of wishful thinking. Hell, maybe even I am under the illusion that a better understanding can make me money, but knowledge is still power to a certain extent and I need to cope somehow. I found Cioran's 'History and Utopia' to be absolutely brilliant, the guy predicted the fall of the west decades before it started with a mixture of Schopenhauerian pessimistic erudition, Machiavellian observations and street-smart attitude. I would love to mix that kind of knowledge with an economic view.

 

[Henry de Montherlant]

Same here. But is history actually repeating itself or is it repeating some complicated pattern? My theory is that we 'evolve' to manipulate better, this is probably the reason why old speeches, commercials, etc seem so goofy and naive. Because with every generation we outsmart (in a manipulative way) what happened before us. What if the bankers will now manage to keep the dirty game by not putting pressure on people? 'Oh, you can't pay your debt? We'll just give you more time.' or something like that. Not very efficient, but at least not catastrophic.

I think consumers believe they are part of the narrative nowadays. Earlier generations were not manipulated like us, they were just presented products in a "naive" simple direct way. Spectacle and reality were no mixed as they are today. I think we are more manipulated than them "thanks to" the progress of marketing and behavioral psychology.

 

[Fontaine]

I found Cioran's 'History and Utopia' to be absolutely brilliant, the guy predicted the fall of the west decades before it started with a mixture of Schopenhauerian pessimistic erudition, Machiavellian observations and street-smart attitude.

Interesting. I agree that Cioran is one of the most important XXth century thinkers. Have you read Oswald Spengler, too?

 

[Mr. Ponzi]

Oswald Spengler

Never heard of him. I just googled him now and I'm intrigued, thanks for the suggestion.

 

[jerrycan dan]

They're too blue pilled.

go to /biz/

 

[MullberryB]

They've been fully wrong. Wronger than a broken clock. Anyone who has followed ZH for investment advice since its existence has lost money, or did a meagre +100% on gold instead of lifechanging 2,000%+ gains in technology stocks or crypto. (the ZH retards have been crying "bubble" for everything, but strangely they didn't care to warn their readers of the 2011 gold bubble).

I agree following ZH to make money is not a good idea but they have nevertheless a pretty good coverage of what goes on in D.C and american politics ....

I wouldn't wait too long if I were you. If you want a new cope to replace doomer delusions, check out my signature.

As for replacing a cope by another I think the societal collapse provoked by a world wide market crash is the opposite face to singularity on the same coin.

Heads complete dystopia , tails possible utopia.
Both outcome are probably a few years/ month away from one another , first to happen shape our destiny as a species ....

But given our history of marvelous fuck up I'm betting on the collapse side.

Just coping for my LDAR way of life anyway

 

[turbocuckcel_7000]

Basically, all the "loser man narratives" are false. The world continues to progress. And assuming racist theories are right, the changing racial makeup of the West is not going to be a heavy enough dead weight to cause a collapse. The more mean IQ drops, the more technology will compensate for it.

It sure looks that way right now.
You can have a low iq somali immigrant that speaks incomprehensible pidgin dropped into the middle of an eastern european capital, and they can pull up a phone app and get by just fine, by pressing nice big glossy buttons that show easily understandable stylized art of a subway station, a fork and knife, a white woman's vagina, etc.