One of the major oopsies from the economic collapse will be the CMBS (commercial mortgage backed securities) that will default. MBS (mortgage backed securities) were the cause of the 2008 crash. This time, it’s bigger, more $$$$ is involved, investors and institutions are all over leveraged, add inflation, add unemployment, add millions of mortgage defaults from the mortgage moratorium ending yesterday, etc etc, and you get an economic apocalypse.
Maybe if these were all individual events we could mitigate the losses as time went on, however, these are all about to drop at the same time, and it’s not looking like the USGOV will bail out dozens of major banks and institutions like 2008.
2008, they applied a bandaid, fucked the working class over, and the guilty went unpunished. Could something like that happen again? Maybe, but the cost would be astronomical, and stupid. No point in kicking the can any further. The scapegoats are there, (Bidan, Powell, Yellen, banks, Hedgefunds) and I think it’s time we cut the losses and let a natural economy flourish from the ashes.
If that debt ceiling isn’t raised, which it’s looking like it’s not, then they can’t bail out anyone anyways.
And I would see Congress as hopelessly gridlocked during the coming crisis. Especially if certain audits come to fruition at exactly the right moment. They would have no legs to stand on as even their legitimacy to pass a bailout would come into question as the election was fraudulent and will be shown to be unequivocally so.
So if Congress can’t act, and others are constrained to act then house if cards comes down.
Oh and
Hedgies r fuk’d
Agreed. Congress doesn’t exactly have the knowledge to deal with shit like this unfortunately. This is a mess that’ll take decades to undo. Best solution in my opinion is to let the people do what people do, and rebuild naturally. Organic growth instead of mass-produced profits for the sake of profit.
Watching a Congressional hearing about a topic you have even rudimentary knowledge of is one of the most frustrating and eye-opening experiences possible to man.
This is why it’s been such a redpill for the GME apes. We want to hear about points A B and C. Instead they wanna talk about XYZ which barely pertains to the issue at hand
One of the major oopsies from the economic collapse will be the CMBS (commercial mortgage backed securities) that will default. MBS (mortgage backed securities) were the cause of the 2008 crash. This time, it’s bigger, more $$$$ is involved, investors and institutions are all over leveraged, add inflation, add unemployment, add millions of mortgage defaults from the mortgage moratorium ending yesterday, etc etc, and you get an economic apocalypse. Maybe if these were all individual events we could mitigate the losses as time went on, however, these are all about to drop at the same time, and it’s not looking like the USGOV will bail out dozens of major banks and institutions like 2008. 2008, they applied a bandaid, fucked the working class over, and the guilty went unpunished. Could something like that happen again? Maybe, but the cost would be astronomical, and stupid. No point in kicking the can any further. The scapegoats are there, (Bidan, Powell, Yellen, banks, Hedgefunds) and I think it’s time we cut the losses and let a natural economy flourish from the ashes. If that debt ceiling isn’t raised, which it’s looking like it’s not, then they can’t bail out anyone anyways.
House of cards...
And I would see Congress as hopelessly gridlocked during the coming crisis. Especially if certain audits come to fruition at exactly the right moment. They would have no legs to stand on as even their legitimacy to pass a bailout would come into question as the election was fraudulent and will be shown to be unequivocally so.
So if Congress can’t act, and others are constrained to act then house if cards comes down. Oh and Hedgies r fuk’d
Agreed. Congress doesn’t exactly have the knowledge to deal with shit like this unfortunately. This is a mess that’ll take decades to undo. Best solution in my opinion is to let the people do what people do, and rebuild naturally. Organic growth instead of mass-produced profits for the sake of profit.
Watching a Congressional hearing about a topic you have even rudimentary knowledge of is one of the most frustrating and eye-opening experiences possible to man.
This is why it’s been such a redpill for the GME apes. We want to hear about points A B and C. Instead they wanna talk about XYZ which barely pertains to the issue at hand
Yup yup auto it has it right
Atobitt is the man!!