Start Preparing for the Coming Debt Crisis

submitted by EthnocratArcheofuturist from self.debatealtright

Quote:

A full-fledged debt crisis would be devastating to the whole global economy—and to the prospects for human progress.

By human "progress" they of course mean more globohomo. Let's all hope this crisis comes soon and destroys neoliberalism.

Article:

https://foreignpolicy.com/2020/10/20/election-2020-global-debt-crisis/

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[–]casparvoneverecBig tiddy respecter 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (10 children)

The us is beyond debt crisis, it can print the reserve currency

[–]EthnocratArcheofuturist[S] 4 insightful - 1 fun4 insightful - 0 fun5 insightful - 1 fun -  (4 children)

Not when it comes to private debt.

[–]WaltzRoommate 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (1 child)

Can't it?

If the banks don't get their money, the fed can print some and give it to them.

[–]EthnocratArcheofuturist[S] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

They can't print that much money without destroying the currency.

[–]casparvoneverecBig tiddy respecter 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (1 child)

The FED will bailout the corporations. Individuals will go destitute and homeless. But they'll just import new debt slaves and consumers via immigration

[–]EthnocratArcheofuturist[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

The truth about these private banks and corporations isn't that they're too big to fail, they're too big to bail.

[–]send_nasty_stuffNational Socialist 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (4 children)

Even at the height of the great depression there was no political will to jigger with the FED controlled fiat system (which was still only a couple of decades old at the time). What makes you think the people in the US (who are significantly less white) will have the will power to push the government to get rid of the fed and create a stable currency? Sure the US government has the power to fix the problem but the 'cathedral' of academia, media and commerce will never allow it. Stable currency give the little guy a tool to fight big finance. They would never allow that.

This crisis is being used for the exact opposite: to crash the economy and buy up assets so that the population is even more impoverished and reliant on a techno slave state to survive.

[–]casparvoneverecBig tiddy respecter 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (3 children)

This doesn't really contradict anything i've said. I've been saying this for months now

[–]send_nasty_stuffNational Socialist 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (2 children)

I get it but it's a lost cause to just keep saying, 'the government has the legal power to fix all this'. That doesn't mean anything in our zombiefied NPC world.

[–]casparvoneverecBig tiddy respecter 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (1 child)

The point I was trying to make was that it might be wrong to think of the US going bankrupt or collapsing under debt. The US can print the global reserve currency. There's no reason why the FED can't keep creating and pumping money to inflate the stock market to infinity. There's no reason why they can't bailout the corporations an infinite time. There's no reason why the government can't just borrow money from the FED with no end.

The FED can simply forgive all the debt if they wish or lower interest rates to nothing as they already have. They don't owe money to anyone. The Dollar's privilege comes from the geopolitical power of the US and the Petrodollar. Russia, Iran and China have the potential to break the grip of the petrodollar.

As for geopolitics, its feasible that the anti-American axis will shift to a more reliable gold/crypto based trading system. China is already planning a digital Yuan, Russia is cutting out the dollar and trading gas for euros and rubles now. The EU is increasingly trying to make the EURO the medium of international trade.

Only this outside force can break the hegemony of the dollar and the financial cheat code of ZOG. There's no spontaneous economic process that's going to lead to US collapse. Economic collapse is almost always tied to geopolitical trends. Its just libertarian cope to assume that economics is some independent, self governing system like physics. Its not, the COVID-19 event has proved decisively that neoclassical economics is voodoo nonsense

[–]send_nasty_stuffNational Socialist 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

There's no reason why they can't bailout the corporations an infinite time. There's no reason why the government can't just borrow money from the FED with no end.

There absolutely is though. White people are the engine of all this printing. It's on our backs that the shit gets done in the economy. The printing never gets back in the pockets of whites. It just creates windfall profits for Jews and race traitors. Every round of printing creates less of a trickle down to the people actually doing the work. Another couple rounds of printing and the original inhabitants of this republic will literally own nothing and will be at the mercy of international financiers.

[–]Ethnosomniator 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (1 child)

Household debt is the easiest to resolve. They all know it but they don't want to do what has been done literally for thousands of years.

"by the divine mandate bequeathed onto me, let ye my children be without debt"

poof gone.

Every non billionaire is better off. Terrible.

[–]EthnocratArcheofuturist[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

I wish it was that simple.

[–]arainynightinskyrim 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

To grow our subs try to crosspost on

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