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    Today’s political meltdown looks a lot like the 2008 financial crisis

    Started by RE Jun 11, 2024, 10:15 PM

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    RE

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    Jun 11, 2024, 10:15 PM
    The author of this article makes an analogy between the political polarization of today with the financial crisis of 2008 which is at best very strained.  Despite that, it is true that the political system does appear to be unstable and as close to lockup as the financial system was back then.

    It's a far more complex problem though, because finance at its core is just about math, and in the end what Da Fed did was to just flood the system with enough excess money to stuff into leaky holes to keep the boats floating.  N problems in the system were really solved and the last 15 years has seen much the same sort of chicanery except now with exponentially larger numbers.  The same idea of Da Fed taking out a Bazooka and flooding funny money into the system isn't likely to fly, because bailouts would be an order of magnitude higher, $Trillions$ instead of 100s of $Billions$.  The debt in USTs is already past credibility levels.  So that system is likely to fail again anyhow.

    What could you possibly use to fix a political system as broken as it is now in the FSoA?  There aren't even any candidates from alternate parties to opt for.  Everyone in the Dem or Rep party machines is a Geriatric.  Thursday night, you can watch 2 Alzheimers gomers debate on policy issues they probably can't remember.  I don't think I'll be able to stand listening to it more than 10 minutes before I puke.  The newz media is worthless, there are no real journalists who ask hard questions, they just work as mouthpieces for one ideology or the other.

    Whoever wins, the outcome will be a mess.  Trump after pardoning himself will just go on a purge of Judges and ramp up hysteria for deportations.  Uncle Joe will throw more money and weapons at Ukraine and Israel.Both will escalate the trade war with China.  There's no exit strategy here anywhere.

    Not looking good for election day, and the Conventions will be insane.

    https://thehill.com/opinion/campaign/4713835-todays-political-meltdown-looks-a-lot-like-the-2008-financial-crisis/

    Today's political meltdown looks a lot like the 2008 financial crisis

    RE

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