• “3rd world country” has lost all meaning for amerioids so many times its basically jibberish, but when i see people say

    “The US is becoming a 3rd world country!”

    what i believe they mean is

    “The evidence of institutional failure, widespread poverty, and instability is too overwhelming to ignore anymore in the parts of the US I engage with.”

    they say its dangerous to wake up someone walking in their sleep, so I don’t really know what to say to these people as they emerge from unconsciousness.

  • adultswim_antifa [he/him]@hexbear.net
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    4 days ago

    It looks like the world might be going to a defacto gold standard again. Gold prices have skyrocketed this year, and it is partially driven by central banks buying gold to avoid depending on the dollar. I think this is probably good for the workers of the world, even in the US. But imports could get a lot more expensive and that’s going to be bad in a deindustrialized country. So far, the dollar has weakened vs other currencies only a bit. The gold standard was dumb but the status quo is also dumb. The USA just a chain of potemkin asset bubbles pretending to be an economy.

  • ClathrateG [none/use name]@hexbear.net
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    4 days ago

    I wish I could explain how this guy is one of the BBEGs of the memestock universe but it would take hours

    fuck him anyway he’s a big hedge fund guy and conservative donor, but probably has more insight on this subject than most