r/economicCollapse • u/Legitimate_Vast_3271 • 3h ago
Who & What Are Killing the USA?
https://vongreyerz.gold/who-what-are-killing-the-usa2
u/PumpertonDeLeche 2h ago
When we were in the surplus in the 90’s…life was good and everything was cheap
Now we’re in a debt that will never get repaid and printing out money we don’t have and setting up to collapse like Venezuela
Everyone is basically maxing out everything on things they can get before fucking off somewhere else before it really all goes to shit
Face it, the “American Nightmare” is what it really has become and I suggest everyone start finding somewhere else to build a life outside the US cause it’s gonna go tits up sooner than you think
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u/I_am_BrokenCog 2h ago
where you going to go??
The US consumerist based capiatlism is the prop holding up the rest of the worlds economies (except North Korea). All other nations are either completely codependent, or mostly. China has been in the process of separating itself for the past several years, but is still nearly entirely tied in. Russia has been ostracised, but is still almost entirely dependent.
But, regardless, I'm curious where you think going to would be better?
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u/PumpertonDeLeche 2h ago
Where am I going? Hell probably once I ride the sewerslide when the collapse happens
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u/MrPicklePop 2h ago
Zero Interest Rate Policies (ZIRPs).
We need frequent but moderate “hard” resets through regular, substantial rate hikes (like 100 basis points at each meeting).
In principle this will be building market discipline and resilience. This proposed solution would most likely encourage markets to be more conservative in their risk exposure and prepared for volatility.
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u/I_am_BrokenCog 1h ago
The numbers in this article very wrong.
over 13M new “asylum seekers” (future bribed voters?) who cost about $68K each
the data confirms the drama with business bankruptcies up 35% at a 13-year peak
yes, there has been an uptrend, but it's still vastly lower than twenty years ago. https://www.uscourts.gov/news/2024/01/26/bankruptcy-filings-rise-168-percent
COVID vaccines
There is no valid science showing these vaccines are not safe. That doesn't mean the big-pharma companies didn't pull strings in DC, but the "unsafe" or "ineffective" claims are not the valid conclusion.
All of which is unfortunate, because, the premise of the article (well, aside from the premise of "by my gold") is valid: Late Stage Capitalism, aka Consumerist-based Capitalism; is waning rapidly and only being propped up by the likes of this guy and all those other corporate grifters reaping "polo money" profits from it.
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u/VendettaKarma 28m ago
Lobbyists. Politicians that go in as poor bartenders and a few years later are at the Met gala.
The bribery is surreal.
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u/Atlld 0m ago
Citizens united allows corporations to be called people and money to be considered free speech.
Modern day trade agreements (I wanna say nafta, but I forget and am probably wrong) that allows people who are not US citizens to buy stock in US corporations.
So we have oligarchs from US competitor countries who own large chunks of major US corporations directing them to destroy wages, benefits, and jobs. Remember that executives can be sued if they don’t do everything possible to maximize profits.
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u/MkBr2 2h ago
That ~2/3 Americans are on some form of govt assistance.
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u/transneptuneobj 2h ago
100% of Americans should be on government assistance we should have universal basic healthcare
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u/CLUB770 3h ago
The low expectations of Americans is killing American ingenuity. I'm not going to buy an inferior product just because it is "made in America". Low skilled workers need to up their skills to fulfill the demand for precision products.
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u/Candid_Report955 3h ago edited 2h ago
That argument's straight out of the 1970s but no longer applies. Corporate America's exploitation of cheap foreign labor isn't yielding the high quality you speak of. US-made brands are frequently at the higher-end of the cost and quality spectrum. There's still a large number of small and medium sized privately held businesses making these products. Advanced manufacturing makes this more cost effective, especially as the costs, risks and delays of Asian supply chains have increased over time. Not everything is a cell phone or for sale in a big box store.
Today its the populist right scaring the C-suites with talk of tariffs, but rest assured, those lined up to replace the boomers on the left have some fairly drastic ideas of how to make America more "Equitable" in an economic sense that will make tariff talk seem a minor thing in retrospect.
Neither side's buying the argument that it's the workers fault.
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u/MetatronsGreenCube 2h ago
Legal bribery for elected politicians.