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Started By
Message
Explain it like someone is 5, why the economy is going to crash.
Posted on 9/22/21 at 10:08 am
Posted on 9/22/21 at 10:08 am
(no message)
This post was edited on 9/22/21 at 11:47 am
23
Posted on 9/22/21 at 10:08 am to FlexDawg
Why would a 5 yr old need to know
Posted on 9/22/21 at 10:09 am to FlexDawg
Is this for Biden?
Posted on 9/22/21 at 10:09 am to FlexDawg
5 year olds should be working.
This is China after all baw
This is China after all baw
Posted on 9/22/21 at 10:09 am to FlexDawg
Same way I would explain it to Biden.
Posted on 9/22/21 at 10:09 am to FlexDawg
Because throughout the entire history of the US, it crashes at least once every ten years, even though some are worse than others...
Posted on 9/22/21 at 10:11 am to FlexDawg
I told my 6 year old son that Joe Biden is a “cheater cheater pumpkin eater” and only won because of election fraud.
Posted on 9/22/21 at 10:11 am to FlexDawg
An evil evil man is printing money we don't have and borrowing money from people that hate us. More money and the same number of goods to buy raises prices and people get scared and start hoarding. Then there is nothing for other people to buy. The enemy wants to be paid back now and we don't have the money so he starts taking things. We lose everything.
Posted on 9/22/21 at 10:12 am to FlexDawg
Weak Men Create Bad Times
Bad Times Create Strong Men
Strong Men Create Good Times
Good Times Create Weak Men
Bad Times Create Strong Men
Strong Men Create Good Times
Good Times Create Weak Men
Posted on 9/22/21 at 10:12 am to FlexDawg
Cause poor people can’t keep up.
Squeezing them slowly with stupid policies
All part of the great reset
More reliance on government equals bad times ahead
Squeezing them slowly with stupid policies
All part of the great reset
More reliance on government equals bad times ahead
Posted on 9/22/21 at 10:17 am to FlexDawg
quote:
How would you explain it to a 5 year old, why the economy is going to crash?
Remember the Titanic; well the economy is the Titanic and Biden is the iceberg.
Posted on 9/22/21 at 10:20 am to FlexDawg
Difficult to explain to a five year old but crashes and recessions are mass price adjustments and reallocations of resources to where they are economically viable. This ideally happens constantly, but this is hindered by economic policy that constantly expands the money supply, distorting the price system and thus allowing the movement of economic resources to where they never would have gone otherwise. Though money is in a sense unlimited, real resource restraints eventually reassert themselves, prices have to adjust and resources must become unemployed and be moved to where they are economically viable.
Posted on 9/22/21 at 10:22 am to Wtodd
Excellent analogy
Posted on 9/22/21 at 10:22 am to OMLandshark
quote:
Weak Men Create Bad Times
Bad Times Create Strong Men
Strong Men Create Good Times
Good Times Create Weak Men
We are here on the cycle, yet again.
Posted on 9/22/21 at 10:22 am to FlexDawg
Printer went brrrrrrrrrrr for too long.
If there is a ton of money out there, each individual dollar is worth less than before.
If there is a ton of money out there, each individual dollar is worth less than before.
Posted on 9/22/21 at 10:23 am to FlexDawg
Tell him Joe Biden killed Santa.
Posted on 9/22/21 at 10:28 am to FlexDawg
Can you buy a car with Monopoly money? When we print money at a faster rate than the economy expands, you dilute the value of money.
As the only stable economy post WW2, everything is traded in US dollars. If US dollars are diluted to nothing, then we cannot buy or trade on the international market.
We have massive deficits due to Covid-19 and increase spending budgets. As soon as interest rates start rising, the cost to manage debt will take up more of all tax dollars collected by the government. The only way to pay debt is to monetize the debt causing US dollars to become useless.
As the only stable economy post WW2, everything is traded in US dollars. If US dollars are diluted to nothing, then we cannot buy or trade on the international market.
We have massive deficits due to Covid-19 and increase spending budgets. As soon as interest rates start rising, the cost to manage debt will take up more of all tax dollars collected by the government. The only way to pay debt is to monetize the debt causing US dollars to become useless.
Posted on 9/22/21 at 10:32 am to The Goon
quote:
Explain it like someone is 5, and eats paint chips
TANSTAAFL
This post was edited on 9/22/21 at 12:06 pm
Posted on 9/22/21 at 10:55 am to cbtullis
quote:
More reliance on government equals bad times ahead
These are the people that are going to have it the worst. If anyone thinks they are all of the sudden going to get off their arses to take care of themselves, you are crazy.
They will either starve or try to steal from those that can provide for themselves and most will be shot when they attempt that.
Y’all keep saying it’s going to be a Great Reset. It’s 100% going to be the Great Purge.
Posted on 9/22/21 at 10:58 am to Sip_Tyga
quote:
Difficult to explain to a five year old but crashes and recessions are mass price adjustments and reallocations of resources to where they are economically viable. This ideally happens constantly, but this is hindered by economic policy that constantly expands the money supply, distorting the price system and thus allowing the movement of economic resources to where they never would have gone otherwise. Though money is in a sense unlimited, real resource restraints eventually reassert themselves, prices have to adjust and resources must become unemployed and be moved to where they are economically viable.
This is a good summary.
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