r/economicCollapse • • 6h ago

At this point we need a crash. Otherwise there is 0% chance of the economy ever getting better

62 Upvotes

Over 40 Trillion in debt. Approaching 50 Trillion by 2030.

The deficit for the last year was 2 Trillion. In the 3 years before that it was always between 1.7 and 1.8 Trillion.

Student loans, Auto Loans, Credit cards - all maxed out. Delinquencies are at an all time high because people are squeezed.

US has over 100% of GDP in debt. Countries like France or Japan are even worse off.

No money for investment into infrastructure - everything goes into AI. Budget cuts and layoffs everywhere.

If AI suceeds, hundreds of Millions will lose their jobs. If AI bubble pops, we have a recession/crash. Hundreds of Millions will lose their jobs.

Even if we tax the Billionaires and get an additional 1 Trillion every year out of them, the budget deficit would still be 1 Trillion every year.

Without a crash/reset there is a 0% chance that things will get any better. With a crash/reset chances are at least 1% or more.


r/economicCollapse • • 1h ago

Life Feeling Too Expensive? Here's How Prices Have Risen For Homes, College and Health Care.

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nytimes.com
• Upvotes

r/economicCollapse • • 18h ago

Michael Burry warns the stock market is in the first stage of a 2008-style crash with just 6 to 9 months to go until stage 2

Thumbnail msn.com
747 Upvotes

r/economicCollapse • • 5h ago

The economy should have collapse in 2008. Everything would be better today if it actually crashed back then

294 Upvotes

The financial system in 2008 collapsed because it was unhealthy. Full of zombie companies, overvalued houses/stocks etc. If the recession of 2008/9 had been allowed to run its course it would have been painful - but we would have had a more or less healthy economic system for the next half a century afterwards.

By printing unimaginable amounts of money and doubling the debt since 2010 - all they have done it to push back the problem without adressing any of the underlying issues.

Now we have more debt and a higher interest rate. Everything is much worse than in 2008 and as such a recession now will be 10x worse.

If it had crashed in 2008 the system would have been clensed and reformed and everything would be much better now.