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Crashing the stock market may be the plan here. Follow me on this ...
Crashing the market and removing 20 to 30 percent of value.
Then at the low point invest heavily into the DOW.
Now support the market and get it back to previous levels.
Fucking rich fucks just made 30% in 1 to 2 years on that investment.
Hey now you're forgetting that they're also going short on everything and making money on the fucking way down too!
I'm so glad that I got a surprise letter in January of 2024 stating that the Biden SAVE program had forgiven my entire $320,000 worth of student loans. I had originally borrowed $150k.
Wait, was that all fucking interest???
Also for 150k you better be a fucking doctor, mate.
Crashing the economy is the point, isn't it. Every crash the richest few scoop up the assets and the peasants (most of Americans) settle for working for whatever scraps they can manage.
What is the economy and the stock market except a perpetual bubble built on debt, as we lower rates and do QE to encourage people to borrow, in order to derive consumption via the wealth effect created by the cantillon effect?
The last crisis the housing bubble was created because housing was useful as a liquidity sponge, as we can gatekeep an inelastic good behind a wall of debt to create a wealth effect so people consumed more.
This all seems to me by design, inherent in the system, which project 2025 seemed to be fighting against. For instance they want a cap on money creation of something like 3%, which means a lot smaller bubble. Maybe they do want less froth before they flip that switch, assuming it is their plan.
I'd replace collecting food stamps for collecting heads.
this story is actually insane.
I am reminded again of how we need to organized. A few people here or there defaulting on loans or refusing to pay won't make a difference. A lot of people not paying, but not talking to each other, is kind of a wild card. But if you and fifty thousand of your closest friends went to DC together to tell your reps this is unacceptable, and if they want to sleep at night it will change, maybe we'd see change.
But organizing is really hard and I don't know how to go about it effectively.
Don't pay. Debt strike.
Quick numbers for those reading:
STUDENT DEBT:
Here’s the report: House Hold Debt and Credit: Q4 2024 (published 2025 by Federal Reserve Bank of New York)
An rendition of Trump's Greater Depression:
My only hope is that America slingshots back to Roosevelt era policies. Wild that this exact shit happened and what saved us? Oh social programs and high tax rates on the wealthy.
Just don't pay. Debt-strikes are far more damaging than a work-stoppage.
This works great up until the point where a collection agency comes for your property and/or credit rating. I'm not saying don't strike, but do it with full knowledge there may be repercussions.
Why was this blocked by an instance filter?
Am I getting censored here now too? This is getting really exhausting.