And look, don't get me wrong.
Governments are not going to go bankrupt. This will not be the end of civilisation. There's no need for governments to go bankrupt when they can inflate their debt burdens away. I'm not predicting a happening,
it's going to be bad, though. Get out of cash, get out of bonds, and get in assets, hard assets, or productive assets. I can't predict the amount of inflation that will happen, but you will definitely feel it, and 2022 was only a little taste of what is to come. There will probably not be yper inflation in most countries, but that doesn't mean that it won't get bad.

It's almost a mathematical certainty that this is going to happen. The amount of economic growth it would take to grow out of the debt problem at this point is enormous,
so enormous, that it's almost not possible.

It is happening now,
but you will only see it in hindsight. It could peak in six months,
or take five years to peak. There is not 10 years left at this point. They'll call it something like the global sovereign debt crisis. It's coming. Imminently.

2/2

we need a global debt jubilee, a reset, a wiping away of past financial misdeeds and excess

>>544018379
if there's a global debt jubilee,
you will see interest rates for borrowers be 50%

it would be prohibitive to borrow, because the interest is immediately out of control.

>>544018379
The death of mammon

>>544018276
What productive assets would you suggest?

>>544018265
>France already has
They have
>4,88% interest on 10 year bonds (high, not yet catastrophic, but +1% in half a year)
>119% debt to GDP (up 5-6% in a year)
>shit populist politics, with little stomach for austerity
>niggers
>way too many pensioners that are also too young
>lackluster growth
So it’s not great what they have, but actually much of their debt is owed to the French public, meaning that inflation actually serves as hidden taxation, while mich of the money stays in France. They are too comfortable hiding behind the ECB, which is a real issue, if they manage to raise the pension age and reduce spending on welfare, they should actually be fine. But it’s beyond me to guess if there are still enough French people left with any Civic sense.

>>544018970
It's a tall order
to expect boomers to sacrifice their personal comfort for the well being of their nation.

Growing their way out of the debt problem is mo realistic.

>>544018634
You would be ok just buying VT
which is a global index fund

Or SP500 like SPY if you really just love America

During these sorts of events, most equities keep up with inflation.
In fact,
the stock market will be green all the time as life slowly goes to shit. The post covid inflation is a preview of what it's like,
you just got a taste of it.

The economy seems to be booming,
every day is green
but inflation creeps in,
a lot of people find out they can't afford the groceries they could afford a few years ago. They go to the grocery store, and spend a lot of money,
and walk out with one bag of groceries.

That's exactly what it's like.

Other than broad market equities,
commodities and basic materials
commodity producers
gold
companies with high pricing power (important)
industrials

>>544019357
>>544018634
Anyway,
it's going to be like a described for the first hase of the global debt crisis
it could continue on like this for five more years. Or it could last another six months

Next phase is the liquidity crisis event. Basically,
all assets, the value gets cut in half. But we could have a 500% stock market run up before this even happens,
so
I'm not telling you to stay out of the market.

After the liquidity crisis,
it's like a normal recession,
except bond rates aren't falling,
they're rising. If you understand how debt works. This is a serious problem during a crisis.

On the surface, the liquidity crisis event looks like a normal stock market crash that happens like every 7 years.

But internally, centrals banks will be panicking because of the rising bond rates. Central bank responses during market corrections are to lower rates to bring recovery to the economy, but the rates will be going up outside of their control, making borrowing more expensive. High borrowing costs during a market low is not a good combination.

There's much more, they'll kick up some financial repression policy,
and the market changes. For America this is sort of the point of, after you cross the event horizon. It's hard to say what happens after this point. There's a lot of historical examples though.

>>544019169
Growth is unrealistic for the EU because they are obsessed with regulations, green energy scams and rapefugee gibs.

The boomers won't have a choice.
Most of them have their heads up their asses anyway so if the TV tells them their lines are going up, they won't complain too much. And what would they actually do, anyway?

>>544019733
They've had a choice for the last 50 years
to cut spending a little bit and this crisis would have never happened. It would have only took a little bit of balancing budgets if they did it early enough. Even if they waited until the 90s it was easily avoidable.

by 2010, it would have take substantial cuts, but nothing impossible. It was still within possibility to resolve this issue.

Now, it's too late. There's nothing going to stop it now. Government debts are over 100% GDP,
interest rates are compounding the problem,
interest rates are rising out of control making the problem even worse.

It's too late now. If they were to slash 50% of the government budgets right now, maybe, maybe they can avoid it, but that's never going to happen. And even then it'll be hard.

>>544019733
>>544020043
And by the way,
when the crisis accelerates
every day being green in the stock market doesn't mean people in the broad market are going to be richer.

Their productive assets are just keeping up with inflation. They won't be any richer. Those green days will just be inflation lol

I imagine a lot of people will become millionaires
but not many people will be better off

Look, we could see the dollar lose 90% of its value by the end of this, ad someone with $100k in assets at today's value, will be a millionaire.

>>544020150
>>544020043
And if the dollar loses 90% of its value
the debt,
isn't a problem any more lol
They'd have inflated 90% of government debt away.

It might not be as bad as 90% though. That's an upper range of how bad it could get.

>>544018276
>Governments are not going to go bankrupt. This will not be the end of civilisation.
Governments going bankrupt is not the end of civilization. Which is fortunate, since while you seem dismissive of the possibility it's a very real one. If the state increases M2 by 10x the current amount in just a few years to inflate the debt away, that could very well cause a crack up boom.

>>544020043
You are now overstating the problem. In a country like France, government spending is 57% of GDP. If they cut that to 50%, there is a 2% budget surplus. 7% of GDP and 13% of government spending would be enough of an earthquake as is. Any government that proposes that would be teared a new asshole. But it’s quite possible nonetheless. If they raise the pension age to 67 (like their northern neighbours) it’s basically done.

>>544018276
This is going to be significantly worse than 1930s Germany. A German worker might have needed a wheelbarrow full of cash to pay for a loaf of bread but at least he didn't have to worry about getting stabbed by niggers on the way to the bakery.

>>544021671
Nominally,
the debts of France aren't the worst in the developed world. The US is moe indebted than France.
However, the problem for France, when comparing France to the US,
the US has growth,
France doesn't.

>>544018447
Idiot

If there was a debt jubilee we would immediately ban usury right after.

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>>544018276
>And look, don't get me wrong.
>Governments are not going to go bankrupt. This will not be the end of civilisation
Oh, ok, then "nothing ever happens" it is.

>>544022177
Companies will finds ways to borrow at usurious rates
and the sovereign debt problem,
in addition to a debt jubilee,
who is going to loan to governments that just reset all debts at a rate,
that's non usurious, like 1.50% or something, or lets be generous and say 2.5%

Nobody will. Nobody sane is going to loan to governments,
and they'll do anything in their power to make sure none of their money is used for credit.

>>544022133
True. Did you know that the NL has a debt to GDP ratio of fourtysomthing %, but that the state actually on paper has a delayed tax on pensions in store that amounts to more than the sovereign debt? Should you incorporate that, the sovereign debt is actually zero, without even accounting for several other big funds that are just kept off the balance sheet, and the pension reserve that’s about 150% of GDP. We are too neurotic about being solvent sometimes, and we still get increasing yields because there’s just so much demand (kek).

>>544022249
If you had control of monetary policy,
and you owed an enormous amount of debt,
to get out of debt,
you can inflate instead of default. And it's better to inflate rather than default. So there's no reason most governments will default on debt as long as they have control over the currency, or the medium of exchange for their debts.

>>544022317
increasing spending will not increase growth. increasing spending increased growth in america because america is already growing and for example invented AI. increasing spending in europe would just increase inflation and debt at the same time

giving niggers more money to buy nikes does nothing for growth

>>544022112
>This is going to be significantly worse than 1930s Germany
That's good. Means it'll be followed by 1940s Germany. Except this time it'll be worldwide at the same time so there won't be any allied nations to put a stop to it.

>>544018265
All countries in the world are in debt. Fiscal conservatives have been talking about le debt crisis for literally centuries and nothing happens, nothing has happened, nothing will happen. Its just slop at this point, the same buzzwords about muh bonds and muh gilts, muh ticking time bomb debt explosion credit rating global decline. Nothing ever happens, grow up.

>>544022929
>nothing has happened
lol

The UK in the 1970s

>>544022994
We got a loan from the IMF and it was paid back by the 1980s. We cut public services and raised taxes. Not exactly a doomsday event. New York was similar in the 1970s, it came back eventually

We need to cut taxes and spend another six trillion on middle east forever wars to fix this bros.

>>544018265
>The hope for governments here is to ride it
Could always just do TKD.

>>544023046
Never once did I say it was a doomsday event.

>>544023070
Everything you've predicted in your posts is doomsday event hysteria. Money printer go brrrrrrr end of story

>>544022929
It's literally an exponential timebomb. The US now must pay more to service interest in debt than any other single budgetary item.

>>544023294
Most countries are in this position. One-third of our entire national budget goes to healthcare too. So long as people are taxed to maintain it, it will be fine.

>>544020043
interest rates are compensation for risk
by which I mean "default lmao"

>>544023435
people dont pay most taxes. companies do. companies arent growing, and raising taxes on them will throw half of them into bankruptcy.

congrats

>>544018265
The lolbert perspective was disproven centuries ago when countries with a central bank were able to destroy the ones without through financial alchemy.
These walls of text you are posting are irrelevant.

>>544023526
If companies can only survive on wafer thin margins and are dependent on corporate welfare to remain viable, then its not worth the paper it was written on to begin with. Most tax receipt intake into the treasury comes from the millions of normal people who pay normal taxes. Boo hoo nigger your flower shop isnt growing because we asked for more tax, go under lmao

>>544023602
I never said these businesses deserve to exist. I said it will NOT be fine and there is no escape from this. you said it will be fine

>>544023145
There were literally fiscal repression events twice in the last century in advanced economies. It's not doomsday
but it's bad.

>>544023669
It will be fine because we tax millions of people, and for as long as people exist with a demand, there will always be a supply to serve them.

>>544018276
>civilization is when globalists enslave everyone to death
Maybe it should end

>>544023747
you know what brought us out of that? the invention of the computer and commercial aviation and medicine and basically every single technology that exists today

our debt burden compared to then is more than 20 times higher and the only new techn we have is AI, and niggers are killing us. to even begin to compare this to before is alughable

>>544023788
are you a pakistani nigger? can you count?

you think because demand EXISTS for money, that therefore the situation will be fine? are you a subhuman hanging from a treebranch jazz playing big lipped nigger? what the fuck are you saying

>>544023817
I agree,
that it's worse now,
and happening to many more countries at the same time than it happened to in the past.

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19 KB JPG

>waaaaa muh debt

just print more money, problems werent

>>544023860
You are a mentally ill ricenigger, lower your tone when you speak to me. Your little goyim trickle-down economics is literally an invention of jews. Get the cock out of your mouth chink boy and listen very carefully:

Businesses and companies including corporations, exist and operate in countries where they see a demand for their product and services. The demand comes from the whole population or sections of the population. If a company leaves because muh tax too high, the demand does not change and remains the same. The supply is simply taken up by a company that can withstand a tax rise. For as long as people have asses, toilet paper will always be in demand. Do you understand my ESL nigger friend? Or do you use your hand to wipe your ass in your thirdie shithole?

>>544023972
youre fucking retarded and I am not even a slant

you think economic collapse is impossible because demand exists? tell that to the 150 million chinks that died of starvation under mao. they had DEMAND for food, and they DIED

the companies in europe cannot pay taxes because they are strangled by regulations and ngigers. NONE OF THAT IS GOING TO CHANGE. there is only going to be a collapse of availability of products

you fucking pakistani nigger idiot

>>544024061
>you think economic collapse is impossible because demand exists? tell that to the 150 million chinks that died of starvation under mao. they had DEMAND for food, and they DIED
Nice goalpost shift spergboy, Maoist China wasn't a capitalist economy, next.
>the companies in europe cannot pay taxes because they are strangled by regulations and ngigers. NONE OF THAT IS GOING TO CHANGE. there is only going to be a collapse of availability of products
Its unreal how goyed you are. You can't even understand the basics of supply and demand you stupid ricenigger lmfao try again

obvious samefag is obvious

>>544018265
Problem is that to solve it, you must get rid of the stock market but that is where all the European union and other lobbyist make their money

>>544018265
Guess it's time to simply default on all debts everywhere in all forms?
Bonus points for previously hedging precious metals et cetera.
Hell, in fact: confiscate all previous metals and make private ownership illegal. Nobody needs that shit. Your watch will work when it's made from aluminium.

>>544025472
>confiscate all previous metals and make private ownership illegal
Gold confiscation would only hurt the top 1%. Peter schiff isn't entitled to any gold. I don't like him.

>>544019636
Hit me with some of those historic examples of how things went after policy changes, please oh damn decent morning effortposter.

>>544018265
/sdg/ is three doors to the left mate
Cool Lum

>>544018379
How deliciously antisemitic of you anon

>>544019636
There’s so much interconnectivity in the global financial system now, order of magnitude more than 2008, this liquidity event will likely bring down one or more Central Clearing houses. That’s not a patachable leak. Print or die is the only option for the monetary managers and then it will evolve into print and then die. You underestimate the probability of a hyperinflationary spiral, it is just as inevitable and will take down every single currency.

>>544018265
Riddle me this

Why print money at a debt?

If you already spent the resources to print the money why a sovereign country has to print it with a debt attached to it?

>>544018265
>>544018276
>>544018447
>>544028357
not reading that shit, not paying your shit.
we will simply kill each other when you chimp out.
that's all this global scam is leading to, I don't give a fuck.
come get some, nigger.

>>544023924
We already tried that in 2020. All that happened is now everything is even less affordable than before. Quality of life is measurably worse in almost every aspect of our lives.

>>544025472
> Guess it's time to simply default on all debts everywhere in all forms?
This is what will happen, a sovereign default cascade. The problem is that since our money is debt money, debt default is monetary deflation. All assets will fall in nominal terms whcih will continue the default cascade. This is why they will inflate to prevent the total seizure of the banking system. The effects of consumer prices from this inflation will be dramatic, and there comes a point where the human psychology shifts and people will begin dishoarding their money to try and hoard something, anything else. This is the crack up boom. It can’t be stopped but the government and banks will impose increasingly repressive capital controls to try and slow it, which will ultimately fail.

>>544028357
If you owe $100,
you can pay back $100. That leaves you net 0.

Imagine if you could borrow $100,
and then inflate the currency such that $100 is worth 90% less than what you borrowed it at
and then you only have to pay back $100.

You made 90% of your debt go away.

Lol just backspace the debt to $0.00

It's all numbers on a computer anyway

>>544028388
Why would I chimp out?

I live in Chile is what Brazil would be if they didn't became a sex tourist trap, we are argentina if they didn't larp as europeans, I have clean air, clean wáter and indigenous wild life, am surrounded by native americans the most noble savages you can imagine

I can live my whole life without working a day with nothing missing, the generosity of the people and the land know no bounds and living miserable is for literal retards

Maybe you chimp out and I have to deal with it