Is humanity of the verge of economical collapse or is it just a shitty /pol//conservative/fat prepper propagated meme?

>literally every indicator not controlled by (((them))) shows the system of borrowing/spending is unsustainable
>massively overvalued stock market, showing symptoms of dot com crash now.
>homeowners in more debt now than 08
>fed raises interest rates despite weak data just so they can lower to zero again in future
>Yellen says we won't see another crash in our lifetimes
>EU explores account freezes to prevent runs at failing banks
>US has literally no chance of balancing the budget without default or massive money printing

the better question is why it hasnt collapsed already

>economist here
prove it

Economist are generally worthless and are horrible predictors of the future

Please don't call economics a science it's embarrassing it's political philosophy

It's pretty hilarious, /pol/ is such a great place for a news source and entertainment.

real economist here.

lol no.

The things people are worried about are
>stock market correction in the US of a magnitude of 10-20%
>growth staying stagnant around ~2% instead of ever returning to the glory days of 4%+
>long term entitlement spending, mostly medicare/medicaid/social security eating up massive parts of the budget when we have demographic problems and potentially causing the govt to borrow more putting upward pressure on interest rates. but this is like 30+ years away and still not the doomsday scenario pol makes it out to be
>labor force participation among prime aged men (24-55) in the US is a few percentage points too low

those are the real concerns of economics atm, none of them are the apocalypse shit you read on pol

Not an economist here. The rise of crypto is a side effect of our underlying economic system collapse. So long as the market cap of crypto increases, its indication of transition away from out current system.

Crypto may or may not be the way to do it. We're confused right now.

land isn't an issue. Water, housing, and the economic framework to support everything without freaking out the richies is the issue. In truth it seems like they've been running on unicorn farts for the entire economy of the world for quite awhile now. All they need to do is keep hiding the true cost of goods with government regulations and everything should be fine. It's price manipulation, but it's price manipulation to keep society alive.
Capitalism failed in the sense that we outpaced it. No one can handle what 'real' capitalism would look like. An economy that is unable to provide opportunity to poors to provide for themselves. Right now the opportunities still exist but the people willing to do those jobs don't exist, so the cost of skilled labor will likely rise even more.

This, the only reason "magic internet money" is gaining value is the invisible hand of the free market losing confidence in the current system. I am balls deep in crypto and even I find it all a bit silly but at the same time its silliness still makes more sense than all the QEs and monopoly money the central banks keep printing.

Economists aren't fucking suit clad unicorns that chill with milton friedman on the reg. dude.

Lots of people with Econ degrees out there that use them. Pretty normal. It's like saying "I'm a businessman" "Oh yeah? Prove it!"

I miss /k/ sometimes. It was simpler there.

Can you explain why everything isn't fucked then?
Sure looks pretty fucked to me.

You're probably a fucking Keynesian, too.

i didnt need an economist to tell me that people will default on their loans and chinks will ruin everything..

This, however I suspect crypto will just have the same issues. People who got in early have it all and late comers get nothing.

What I find most enticing about crypto is it's deflationary amount and fucking over the middleman.

All in all BTC would a be a great reserve cyptocurrency. (Which is already the case) And other crypto's like Monero... offer solutions for different markets.

It boils down to the fact that America is now a Consumer/debt/service economy that still lives like it used to in its Producer/savings/manufacturing past.

We're going to eat shit, but if that's what it takes for our society to unfuck itself and get clean, then so be it.

Most Economists want us to believe everything is fine. Or they are too stupid to see the manipulation keeping the system going.

I'm not an economist. But I'm a businessman and someone who sees through layers of bullshit

America is producing more than every before user, and with less people and higher profit margins. You bought someone's lie.
If you were correct there would be no way America could support this bullshit, but right now for every dollar sent abroad we get about four dollars back. Everyone wants a piece of America, and that's not going to change anytime soon.
The biggest asset we have is that it's a nice place to live. You look at these other nations and they are spiraling into extremely difficult healthcare situations, terrible neighborhoods and no-go zones, refugees out the ass. U.S may have some of those problems, but it also has extreme stability and most importantly, the military might.
Those are the reasons that things can't go south. If the U.S loses military supremacy then we might have a discussion.

The world's strongest military does not:

1. Pay the national debt.
2. Provide savings for investment.
3. Balance the trade deficit.
4. Pay the consumer debt.
5. Remove private sector regulations and taxes.

The world's strongest military does:

1. Enable creeping socialism.
2. Ensure that the dollar will remain the world's reserve currency.
3. Provide jobs and benefits (welfare) for a private sector that can not.

You just described one of the causes of this problem, not it's solution.

But, thanks for showing everyone just what an economics degree is really worth.

Hurrr we da strongest ARMY. So did Rome.

Neck yourself.

Depends.

Currently, the world economy is transitioning into a post-scarcity world.
In more simpler terms, a cashless society.

Given the powers-to-be hold unthreatened control over such a society, you will see a fine-tuning over the previous obsolete financial system.

The closest analogy I can think off is Star Trek.

Given that people are short utility-maximisers, the system will keep going unless there is a sudden drop in living standards (Say, a major disaster, man-made or natural).

The only weakness of the Global Economic System are its components and its susceptibility to Blunt-force Trauma.

Of course, if it ever fails in number two of what it does achieve, hyperinflation here we come.

You're incorrect. The military turns a profit for the U.S every year. They sell military services and used goods across the planet, everyone wants to play military like the U.S and it's benefiting the safety of everyone.
One of Trumps policies he's been a longtime fan of is charging countries for the use of our troops and aid. He doesn't understand the economic benefits that safety provides these countries, and it gives U.S corporations access to their resources, including cheap labor.
You're singling out the cost of doing business and not looking at the benefits here. All those negatives are a result of other policies in addition to massive defense spending, which includes the U.S governments titanic effort to control the healthcare industry forever. They've already convinced the American people that healthcare needs federal money, half the American people don't want the government intrusion that comes along with it but they'll get it.
The future of America is everyone is a part of the military. You may think a welfare state is bad thing, but you're underestimating the amount of resources and time it takes to keep everything in the U.S running. Something that we can't get to without social safety nets to support future armed service members.
As for regulations/taxes and trade deficit, you're also wrong on those points because of a misunderstanding of the nature of both those issues and why they exist but I won't bother going into it.

>When do you think collapses and what will be the cause?

Jews.

Okay....

So if this holds any water, then why are the military's duties being contracted out?

Why allow Blackwater types to cut into their market share? Or are they just another head of the same hyrdra?

i c what you did there, suldier

he said "my opinion is more important than yours because I'm an expert"

I want him to prove that he's an expert.

Contracting is vital to the industry. You want contracts with Lockheed, you don't want U.S soldiers involved in everything. When they do it, it's for good reason, to avoid messes. They can't do something like privatize the army specifically because the government needs direct control over the structure of the system, but they also can't "officially" go in when they need to or build things that are outside their budgets.
That's why they use the private sector for pie in the sky shit, like helping some fat rich russian bastard stay alive or trying to build air-carriers that could fly and launch aircraft in the sky.
I specifically saw the second example, it was a contest or something and I didn't keep up on.
The important part here is that 'market share' is a big issue when you're a monopoly, which is what the U.S government or any government is. For example, in Detroit they couldn't afford a new police force so they hired a private security company. Everyone can't do this however, because standards and regulation is vital to keeping these industries in check.
Right now if you look at ever the most highly regulated industries the government still doesn't have the pull they want to make the changes they want to make. When you're under the same political umbrella it's a lot easier to initiate a system of checks and balances through sheer bureaucracy rather than pass new laws.
This is also why the U.S government wants control the of healthcare industry, they can't pass laws fast enough to keep up with the speed of new procedures and products.
However, this also means that if the government bureaucracy fucks up, then everything is fucked.
From a pure monetary standpoint I would agree with you, but when you're the government your primary job is the use and value of money. Financial security of the system is a priority, and that why they need to raise taxes. Overspending ensures that they'll get to raise taxes whenever they want because it's a crisis.

good read user.

inflation is low and stable
growth might not be robust but atleast its steady at ~2%
stock market is overvalued by some metrics like p/e ratios, on the other hand it might not be because companies like amazon/google are experiencing unheard of levels of growth
debt might be a little too high in some western countries but its nowhere anywhere near what would cause crises levels
politics are relatively stable

what is it making 'everything fucked'?

im an econometrician

>the better question is why it hasnt collapsed already

the worst part is the longer we delay it the harder it's gonna hit us.

Fucking fiat currency and keynesian policies.

>the better question is why it hasnt collapsed already

lmao. you retards are too much

dubs of truth
I'm sincere when I say this, there will be blood

take some redpills and come back.

Whenever someone starts a post on Veeky Forums with 'Depends.', they're either from Reddit and they unironically read Sam Harris, or they're my fat ginger friend from highschool who pretended to be an intellectual because he read Camus's wikipedia page.

Why the fuck does cashless = post scarcity? Do you even know what you're saying?

>hurr durr why hasnt it collasped like the gold bug retards on /pol/ told me it would 5 years ago

Retards think if you have money (whether it's crypto or fiat), goods and services automatically appear.

Nah, its just that the conditions for a historic crash are all in place and its just waiting for a trigger. Does not mean a crash will happen. Its like smoking in a gunpowder factory, perfectly safe, maybe.

Neo feudalism

It's not a crash per se, it's just that the USD and the US empire are bleeding out. Ultimatly this is a good thing for the US and the rest of the world - like a correction is a good thing in crypto markets.

This has been a long time coming. At least since 2000. Check the stock market in Gold. We will see one more major leg down imo. Pic related

>Europe on the verge of economic collapse
Sensationalist to the extreme. Europe has some poor countries and some rich ones but it's nowhere near a collapse

>every indicator not controlled by (((them))) shows the system of borrowing/spending is unsustainable
Plenty of mainstream economists know that, dipshit.
As for the rest of your post, it's some misleading, some sensationalism, and some outright lies.

Fucking keynsians, overseeing the massive 50 year growth after wwii.
Keynsian economics is good, we just sometimes don't do it well

>Pay the national debt.
Increasing taxes on the wealthy back to 1960s levels might

senpai the force that the US has is an impetus for anyone to think twice about knocking for debts along with the massive profits to be made from sustaining the fist that goes up any second guesser's ass.

don't loan to a guy who is stronger than your loansharks.

>growth staying stagnant around ~2% instead of ever returning to the glory days of 4%+

If you would be a real "economist", you would know that this is quite normal for a first world country.

Actually the US growth rate hit 4% annually for several years in a row in the 60s and two other times. It is possible

Have you seen Britain?

>Complete political turmoil
>No stable government
>About to leave the EU
>Polarised grassroots politics
>Constant terror attacks
>£1.5 trillion national debt

Not to mention the strain on other western European States of letting in millions of lazy, illiterate, fighting age men. We might not be as unstable as Alex Jones and his ilk make out, but don't get it wrong we are fucked.

> I'm a businessman
you sell insurance, dude.

if you are not a troll you should read about Kondratiev's waves, that would be my number 1 suggestion.

>US depression cycle of ~8 years has always happened
>2008 was one of the biggest financial crashes in history
>Nothing was fixed. Instead peole simply doubled down on the bad practices and denial

We are on the edge of a very deep cliff and about to fall down.

Here's something for you guys to chew on. en.wikipedia.org/wiki/List_of_recessions_in_the_United_States

It has already been predicted. When the real cryptoboom starts, remember to pull out early and hedge your bets.

Question is what do we pull out into? My Veeky Forums tainted brain tells me cosplaying hookers and lambos, but it doesn't sound like a good idea.

>global debt hit 217 TRILLION dollars this year - 325% to world GDP
>central banks printing money like theres no tomorrow
>stocks, bonds, real estate all in heavy bubble due to mass money printing
>central banks now the biggest stockholders on the planet
>Swiss central bank holds more facebook stuck than zuckerberg
>Bank of Japan biggest shareholder in 90% of nikkei listed stocks
>ECB directly pumping billions of euros into bankrupt european companies (9% are now "zombie" corporations who will default as soon as the money supply dries up)
>1.2 QUADRILLION derivatives market
>italian banking system collapsing as we speak
>interest rates on 5.000 year record-low
>some big hedgefunds already liquidated their assets because they "dont want to be in the market right now"
>warren buffet sitting on billions of dolllars of cash because he cant find any stocks that arent insanely overvalued
>even yellen had to come out and admit that stock market is "a bit rich"

yes goyim
absolutely nothing to see here
just trust the bankers and politicians they will figure it all out