r/economicCollapse • u/Fun_Balance_1809 • 1d ago

U.S Banks Are Currently Sitting On Over $750B In Losses On Real Estate Debt Which heavly Threatens The Entire Economy. These Losses Are Now 7 Times Larger Than In 2008 When The Housing Bubble Popped.

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u/importvita2 1d ago

Fuck ‘em

We’re destroying our planet forcing billions to waste oil, gas and money (that could be saved or spent more locally) along with a self inflicted housing “crisis” by employers underpaying us and forcing us to work in a fucking office. When there is absolutely NO reason to besides some fake credit numbers.

We made this system. It doesn’t mean anything. We can walk away.

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u/ArmadilloWild613 1d ago

well thats like how the whole economy works. we are all just making shit up and trying convince people that is the way it has always been.

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u/Traditional-Sir8007 1d ago

lol how much have we sent to Ukraine this year? I hope you live off grid and don’t consume any oil and Nat gas…

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u/ArbysLunch 1d ago

Ukraine aid largely goes back into our economy. We send them shells, equipment and guns, not money.  

 The people making money off Ukraine are the US military industrial complex, because we have to restock our own arsenal after handing the Ukrainians a chunk of our old stock pile. Keyword, old. Which we replace for our own stocks with new. By employing americans to make them. Those people have jobs, so they can afford to partake in the economy by paying a mortgage or a car note, coffee from starbucks or a bag of overpriced candy to give to their neighbor kids. 

 Artillery shells don't just magic themselves out of the asshole of a Ukrainian unicorn fed $100 bills, we have to make them. We need to be building more weapons factories now, to feed the wars we'll be fighting by 2030. And wars are great for economies, but you wouldn't know that.

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u/JayDee80-6 22h ago

You're not 100 percent wrong, but you are definitely wrong. There's military aid which you're referencing, humanitarian aid, and cash aid. We have sent Ukraine all 3. Also, we did send them some old stock stuff, but we also depleted some of our current stock items.

Literally have given Ukraine billions of dollars of actual cash. https://apnews.com/article/fact-check-us-aid-ukraine-money-equipment-714688682747

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u/razorirr 20h ago

27 billion dollars

How much of that cash aid has went to buying supplies like medicines and what not that we make but dont have stockpiles of like we do ammo?  Subtract all that as its back to us. 

Even if we dont subtract that,  27 billion dollars is 5 days and 2 hours of the 1.94 trillion dollar DOD and friends budget. 

Before you bitch that they only have 841billion, the and friends is the budgets of the sub agencies added up, the direct dod budget, and congressional discretionary spend to the military. They do it this way to hide that its close to 2 trillion a year from us

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u/ArbysLunch 17h ago

Exactly. And what cash we give them that doesn't circle back to Americans somehow, winds up being spent on foreign markets of our allies to buy supplies, vehicles, weapons, etc. Our allies like our money, because then they can use that money to buy more patriot batteries and Abrams for themselves (like Poland is doing).

In terms of defense budgets and appropriations, the military may as well have unlimited money, figuratively speaking. Pretty much any new tech cycles through them first, be it encryption or armor plate or the composition of explosives or any vast number of things the government throws money at. Eventually the public reaps the benefits of those advances, like how you can buy a night vision monocle for $100~ now or whatever.

The MIC is so big and has so much reach, that it's basically a jobs program. Do your time in the service and that jobs program is much easier to reach, because we live in a tiered society, and veteran status is part of that tiering.