To make matters worse, well, for my generation here in Denmark, 1983 is the smallest generation alive. That means we have the least voting power. Between us and larger voter pools, it's pretty clear who politicians will cater to.
Funny
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You start noticing this pattern after some decades.
Always accompanied by "we need to temporarily tighten the belt now to keep our properity for the following generations".
The period before is sold as a great economic time, despite that they called it a crisis back then and also 'needed' austerity measures to get back to the prosperity of the previous period.
The western standard of living has been destroyed bit by bit since the post WW2 period with this tactic, not for the multinationals, banks, stock folks OC, that's where the stolen money goes to.
The ones in power telling us in their paid press how great 'the econonomy' is doing bcs stock line go up and BS GDP up.
In reality that means more billions in the pockets of a few oligarchs while income equality is growing.
"we need to temporarily tighten the belt now to keep our properity for the following generations".
But followed by "you guys need to be expending" and also "we are going to fund a lot more things with public money"
Fuck Keynes.
Less once-in-a-generation and more continuously-for-a-generation
2002: We lost the house 2008: got evicted from apartment 2020: dad died from covid 2025: let's see how it goes this time
That's fucking rough dude, I hope the world throws you a bone this time and just leaves you alone for once.
I understand now.
How can a partially muscled skeleton scream
Like this
AAAAAAHHHHHH!!!!! I'M A BONEY BOI WITH SOME BUT NOT ALL OF MY MUSCLES!!!!!!!
He partially has lungs and a vocal chord ?
Though it reminds me of a conversation you can over hear in one of the Divine Divinity ~~Baldurs Gate~~ games between two skeletons, who talk themselves into how they shouldn't function, and then promptly fall to the floor in a pile.
Edit: corrected the game
It’s almost like granting a supreme veto to a single, wholly imaginary ideology, and positioning it as a monoculture for how society values activities and production, is problematic.
We apparently did away with it once before through the separation of church and state, maybe it’s time to force the separation of bank and state.
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I was going to say I live in a "50 year flood plain" and I’ve seen 3 floods in the last 16 years.
Don't worry tho, because although everyone's broke as shit, the houses you bought in the 90s when you were a young child are worth like 10 times as much now!
I bought houses as a child?
You didn't know to sell one of your beanie babies to pay for a house? That's like wu tangs #1 rule: diversify. Going all in on beanie babies is all fun and games until your divorce has you fighting over the most precious things in your life.
What, you didn't use your 1994 influencer money to buy houses?
Pffft, I used money from delivering the morning papers to buy my first house. When I was 11, ELEVEN!!
However it was the delivering of milk that really helped me afford my first yacht! Every morning for months I got at 4am to deliver it. That was a hard 3 and a half months I can tell you!
You guys should just pull yourselves up by the avocados, and stop eating so many bootstraps!!
It's what you get when pedophiles run the most powerful country: a new generation every 8-10 years.
Edit: /s
There’s only one thing to do. Kill John Lennon
And the wealthy manage to come out on top every single time.
When you're the ones manufacturing the crisis, it's easier to prepare and profit from it
Buy blue chip stocks during recessions and sell after recovery
Kinda hard to buy when you dont have any fuckin money
If you didn't buy so many pumpkin spice lattes and avocado toasts you would have been rich by now
Got it. I'm gonna have a nice hot avocado late and some cinnamon sticks on pumpkin toast
Instructions unclear, invested life savings in pumpkin spice latte and avocado toast stocks
You god dang gen z's are going to get my CFA designation revoked
I'm actually an elder millennial, but I guess I can hold off on any further investment until you get your Classified Fowl Arbitration cert reinstated 🤷
Instructions unclear, invested life savings in a company that produces blue corn tortilla chips.
Well tostitos is owned by pepsico which is a matured company of 126 years so I would consider that a blue chip blue corn chip stock
What happened in 2002? Was that from the war on terror?
End of the dot com bubble.
https://en.m.wikipedia.org/wiki/Stock_market_downturn_of_2002
But it happened mostly in 2000:
https://en.m.wikipedia.org/wiki/Dot-com_bubble
And coincidentally 9/11
The September 11 attacks also contributed heavily to the stock market downturn, as investors became unsure about the prospect of terrorism affecting the United States economy.
Was the 2002 a year of recession? Or is the stock market downturn considered a recession because rich people lost money?
Unlike wealth, losses usually trickle down. When companies go bankrupt their employees loose their jobs. Millionaires actually love recessions, Jack Welch said:
Never miss out on an opportunity like a good recession.
The 2002 recession was not as global and universal as later ones. The dot com bubble mostly affected tech companies, and the internet was not as common as nowadays. I asked my parents once how they felt that recession, when I first read about it later, I was in school in 2002. They said they didnt even know there was a recession that time, in eastern europe it wasnt noticably worse than the chaos of the 90s
There is a simpsons episode about the bubble, s13e18, aired in 2002:
See, I exchanged my 100% S&P500 401k to SPAXX in December, waiting for the crash. I've made 10%~ doing nothing! It took me a while to realize, but I'm finally going to buy the dip.
What a visionary. This guy fucks, am I rite?