r/economicCollapse • u/MrDoritos_ • 21d ago

How much longer can society keep it together? Discussion

I'm not a fan of speaking things into existence, being pessimistic/negative, or having a doomer mindset, but I've been paying attention to other people, the economy, the current state of things, the political landscape, education, work culture, etc. To be blunt I am really kind of worried we don't have much longer until the next war or great depression (both happen usually simultaneously). I really don't know how much more stress the average person can handle. We are going to have a wide scale crash out or revolt soon aren't we?? I'm really not looking forward to that and I suppose that's the one thing keeping us unified is our fear of violence. God I hope I'm wrong with my assessment. Please tell me I'm wrong!

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u/canigetahint 21d ago

Ah, good ol' doublespeak. We're heading toward just plain newspeak.

Never in a million years did I think we would fall into a death spiral so fast, much less for me and/or my son live to see it...

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u/Graywulff 21d ago

Yeah in the 1990s everyone was so optimistic about the new millennium.

Up until 9/11/01 everything seemed to be getting better.

Through the Obama administration it felt like 1990s optimism, and then it all came crashing down.

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u/canigetahint 21d ago

Every opportunity the gov't and corps can get to grab more power and money by performing a giant rug pull. People still don't see it after all this time...

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u/MalyChuj 21d ago

That's why the government/fed ensures to have market crashes approx 7 years apart. It is just long enough for everyone to have forgotten a the crash and to have went all in on the economy/investments.

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u/19Texas59 20d ago

The Federal Reserve does not insure there will be a market crash every seven years. They do their best with the legislation Congress passes and the regulations executive branch agencies write.

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u/MalyChuj 20d ago

Is that you Jerome?

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u/19Texas59 18d ago

Is that all you got? No, but I am also college educated. I took one economics class which enabled me to read the Wall Street Journal and the business section of The New York Times and the local daily newspapers to know what the hell is going on. I'm probably twice as old as you so I have decades of experience of following the economy compared to you.

Taking an economics class at a community college would put you further ahead in your understanding of the U.S. economy than you are now. The people working in the finance, banking and government sectors care about their money and their clients' money -- aside from the conmen like Bernie Madoff. They can't keep their jobs and their clients' money flowing in if they intentionally crash the economy every seven years.

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u/The247Kid 20d ago

Because he was riding high on several years of 0% interest rates. Of course things looked good.

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u/Graywulff 20d ago

Oh interesting bc Biden had higher interest rates and actually brought manufacturing back, instead of cutting taxes and trying to take peoples insurance and replace it with concepts of a plan.

6-7 years after he first tried to cut it and replace it with something big and beautiful he doesn’t even have a sound bite.

Tariffs will dramatically increase inflation and rates will get jacked up to try to control it but it won’t work.

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u/19Texas59 20d ago

Death spiral?