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re: What tools are left to stave off a full-on crash and depression?
Posted on 3/13/23 at 9:45 am to SlowFlowPro
Posted on 3/13/23 at 9:45 am to SlowFlowPro
Not even remotely true, the US has the resources to sustain itself most of the World does not. This is a problem of our own making and will require some changes at the monetary policy level as well as the political level. Not some 400 year journey through the Dark Ages.
2
Posted on 3/13/23 at 9:45 am to SlowFlowPro
quote:SVB was not bailed out, it was allowed to fail. It's out of business.
Then why did "they" "bail out" SVB?
Posted on 3/13/23 at 9:46 am to Stealth Matrix
quote:
Imagine the 1700s, but with basic electronics (non-internet, non-GPS capable) and modern weapons. That's what a collapse of America would look like worldwide.
It might be worse. I've thought about this a lot over the weekend.
Lots of the stuff we used, even in the 1700s required technology that does not exist anymore. We can't just zap back and have things run smoothly while we try to figure out how to re-make tools and lifestyles, etc.
Those electronics would become worthless pretty quickly and modern weapons would be useless within a year or 2.
Not good
Posted on 3/13/23 at 9:46 am to LSURussian
quote:
SVB was not bailed out, it was allowed to fail. It's out of business.
Just FYI that's why I put bail out in quotations.
He's a conspiracy theorist so I had to use words his worldview understands
Posted on 3/13/23 at 9:47 am to RogerTheShrubber
quote:
et rid of dead weight and the world rebuilds quickly, and for the better.
We'll be rebuilt....by the year 3000
Posted on 3/13/23 at 9:49 am to Rip Torn
quote:
Not even remotely true, the US has the resources to sustain itself most of the World does not.
We cannot sustain our current level of QOL without pervasive and beneficial international trade.
If the US banking system collapses, the worldwide banking system collapses. Even in the most favorable version of these events, international trade will be halted.
How long do you think we can run the US without petro from the middle east and computer chips from Taiwan?
Posted on 3/13/23 at 9:51 am to POTUS2024
and return the presidency to its rightful winner
under an agreement that the marxist Democrat Party be prohibited from all political activity for 100 years
and another party created to serve as two party choice
under an agreement that the marxist Democrat Party be prohibited from all political activity for 100 years
and another party created to serve as two party choice
This post was edited on 3/13/23 at 9:54 am
Posted on 3/13/23 at 9:53 am to SlowFlowPro
quote:
It might be worse.
It'll be a mix; some areas will be able to maintain themselves as semi-functioning states, the collapse of America basically amounting to becoming a militarized society, cut off from the world, with major life inconveniences compared to "the old days."
Those places would be lucky, and more than likely will be the areas spawning future Empires.
Most other areas will be full-on Hells on Earth for a minimum of decades.
This post was edited on 3/13/23 at 9:57 am
Posted on 3/13/23 at 9:57 am to Rip Torn
Ireland produced enough food during the potato famine to feed itself 3 times over, yet more than 25% of the population either died of starvation or left to find opportunities elsewhere so they could feed themselves.
Just because you produce enough resources to feed yourself doesn’t mean that your government will allow its peasants to eat it.
Just because you produce enough resources to feed yourself doesn’t mean that your government will allow its peasants to eat it.
Posted on 3/13/23 at 9:58 am to SlowFlowPro
You factually don’t know what you are talking about. We have enough oil, natural gas, coal, iron ore, etc. to sustain ourselves for centuries. We choose to either not use them or export them. We have more arable land than virtually every nation on the planet. Our population is relatively small compared to our size with greater technology than the rest of the World
Posted on 3/13/23 at 10:00 am to Stealth Matrix
quote:
It'll be a mix; some areas will be able to maintain themselves as semi-functioning states, the collapse of America basically amounting to becoming a militarized society, cut off from the world, with major life inconveniences compared to "the old days."
Those places would be lucky, and more than likely will be the areas spawning future Empires.
Most other areas will be full-on Hells on Earth for a minimum of decades.
Yep. Responsible management re what's left of ours capital/credit should be focused on rebuilding a manufacturing infrastructure. ASAP. A real 'Infrastructure' Bill, paying people to produce real work, instead of laying on their butts and stagnating. "An idle mind is the devil's workshop"; that is so true.
Posted on 3/13/23 at 10:00 am to Rip Torn
quote:
We have enough oil, natural gas, coal, iron ore, etc. to sustain ourselves for centuries
Easily accessible? We do not.
We have tons of shale deposits that, in our modern society, can be converted into useful petro. That means very little if we can't get the right parts manufactured from abroad and chemicals, etc. necessary.
Also, you didn't mention anything about microchips.
We can't just start up a microchip industry in the face of societal collapse, especially since the knowledge base of how to make that work is abroad.
The US having working electricity after a month or so would be a miracle.
Posted on 3/13/23 at 10:01 am to kingbob
Incorrect, it was forced to give a large portion of its food production to England while cutting its subsidies to Ireland. It could have fed its people if allowed to keep its production by the British even with the potato crop failures
Posted on 3/13/23 at 10:08 am to stout
The only way out of this is for Putin to nuke the libs
Save us Putin you’re our only hope
Save us Putin you’re our only hope
Posted on 3/13/23 at 10:12 am to stout
Right now everything seems mostly flat. Oil recovered from early down to just shy of even. Dow and S&P minimally up.
It seems this board almost wishcasts for economic calamity.
It seems this board almost wishcasts for economic calamity.
This post was edited on 3/13/23 at 11:00 am
Posted on 3/13/23 at 10:12 am to SlowFlowPro
Incorrect, we have plenty of coal and natural gas to run electricity as well as accessible oil.
Posted on 3/13/23 at 10:13 am to Rip Torn
quote:
, it was forced to give a large portion of its food production to England while cutting
Has Biden ceded our access/% of to Covid type cures (vaccines, antibiotics, etc.) via EO to the WHO yet? I think I remember something related to that. Would food be any less morally shareable than meds, given the massive starvation in Third World areas?
The Progressives know what is coming. Therein, the Open Border Policy. They retain power via Muh Democracy...or the streets and cities burn.
Posted on 3/13/23 at 10:14 am to stout
quote:
What tools are left to stave off a full-on crash and depression?
Print more money.
If everyone is in debt then no one is in debt.
Posted on 3/13/23 at 10:15 am to NC_Tigah
quote:
SVB could end up as a minimal (or no loss) loss affair
People frothing at the mouth don't understand this apparently.
Posted on 3/13/23 at 10:19 am to stout
quote:
Bank stocks are tanking this morning. First Republic is down 60%+
If one doesn't sell in the panic, when it recovers was it really a loss?
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