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Trump's war in Iran is going to sweep us all into the gutter.

Oil prices have started to come down for a worrisome reason. It's like the tide going out along the seashore, an ominous phenomenon heralding the approach of a tsunami that wipes out everything. The aftermath will be a global economic wasteland.

The largest oil shock in history caused prices to surge. Now they're so high that they have inducing "demand destruction." As a result of the acute energy commodity shortages stemming from the closure of the Strait of Hormuz, oil appears to have reached a point where it is now so expensive that overseas businesses and households have begun curbing investment and consumption. That means slower economic growth that is expected to bring about a depression far worse than the last one: The Great Depression in 1929.
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whowasthatmaskedman · 70-79, M
On the other hand, in countries that are forward looking this will spur the expansion of electric vehicles and the supporting infrastructure and allow a faster market penetration of the next generation of Chinese EVs, further eroding the US competition (such as it was) and leaving those late comers to the market to fall behind. I am looking at you America..😷
sree251 · 41-45, M
@swirlie
American-made cars and trucks are not selling in Canada AT ALL. The Dealerships are practically giving them away at 'cost'. The 2027s are about to start coming off the assembly line in about 5 months from now, yet the car lots are still full of new 2025s that never got sold, in addition to new 2026s that are stacked up like cord wood beside the `25s.

Cord wood. How come you know there is such a thing? Do you have a wood burning fireplace?
whowasthatmaskedman · 70-79, M
@swirlie Why would you buy an American designed car, when the Koreans and the Japananese can do it better, cheaper, the Germans can do it way better for the same price and the Chinese can do it as well for half the price. And all of them use less fuel...😷
swirlie · 31-35, F
@whowasthatmaskedman
Very good point. I shall contact my local Dodge Dealer and promptly cancel my order for the 2026 Ram pickup truck with 30 inch wheels, twin-turbocharged 5.2 liter engine I ordered, including 4 wheel drive (which I ordered just in case I get stuck in a sink-hole in downtown Toronto in a rainstorm), which includes the chrome-plated ladder which conveniently extends from the rocker panels to ease in the boarding process whilst wearing my ankle-length, very sparkly, Diana Ross evening dress which of course is worn with high heels, right?

...and which of course includes as part of the order, the standard American gun rack that fits into the back window but will ultimately remain empty in my case since less fearful heads prevail in Canada and open-carry of rifles and machine guns are therefore strictly forbidden here.

But the gun rack would make a good drying rack for swimsuits after a day spent down at the swimming hole with the girls I suppose, so maybe that wasn't such a bad idea to order the gun rack with the Hemi engine as an inclusive package which of course is marketed as "The American Identity Package" straight from the manufacturer.

From here on in, my money is on Korea and Japan. Thanks for the tip! 🛻
Gibbon · 70-79, M
You really need to read how the strait is being handled. Iran is being choked now. Shipping for the rest of the countries is going to open.
sree251 · 41-45, M
@Gibbon
I have legs that are angry with me for not using them enough. Does that satisfy you.

What about your joints at the knee and hip?

After working Quality assurance all my life and the effing bureaucracy in the government I've been tainted by the left to the extreme.

Quality of what?
Gibbon · 70-79, M
@sree251 nuclear fail safe systems faa and military communication systems and microwave miniature devices. Both electrical and mechanical inspection and functional tests .

I have no joint issues with my legs. I have screwed up three fingers on my left hand however
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sree251 · 41-45, M
@BizSuitStacy
So your rationale is because the economy is good, it's gonna be bad? 🙄

I am no economist. I am reporting what the economists are saying.

The primary cause of the crash of '29 was due to so many investors over extending themselves and were unable to cover margin calls.

Like I said, I am no economist. I am just hanging out here where losers gather to kill time.

The cause of the housing market crash of 2008 was caused by the government forcing banks to loosen their lending requirements to buyers who otherwise wouldn't qualify because of the risk of being unable to pay their mortgages. Look up the Community Reinvestment Act and redlining (thank you Jimmy Carter and Bill Clinton). Not only did many more investors qualify for loans, lenders increased the amounts people could borrow against their income. The demand for housing rose, in entity dropped, driving housing prices up. Loans were bundled together into MBSs, and then the foreclosures began. Crash!

Yeah, that is what we all learn from watching movies.

So, tell us about the market fundamentals now that are going to cause the next crash.

You will have to consult Professor Jeffery Sachs on this. I watch his podcasts. Do you?
whowasthatmaskedman · 70-79, M
@sree251 I know this is a matter of personal choice. But wouldnt it be safer to simply be elsewhere when it happened?😷
sree251 · 41-45, M
@whowasthatmaskedman
I know this is a matter of personal choice. But wouldnt it be safer to simply be elsewhere when it happened?😷

Where? The entire planet will be affected by the economic depression. No place is safe except off-grid on a vegetable farm.
whowasthatmaskedman · 70-79, M
@sree251 Up to a point thats true. Its complicated. But the crib notes version is that the $US has been artificially kept afloat by prinint money for over a decade now. since "Quantitative Easing"in fact. about 2011. Now thats all very well under Keysian economics, but the rules are it can only go on for so long, it should be aof r a constructive purpose. And the money has to be paid back eventually.
If all three of those conditions arent met, then the debt leaks into the system in the form of diluting the value of the currency. Thats inflation if it happens with the national economy.. Or devaluation of the currency if the nation spends up on imports. Those are just economic facts. And America has broken all three of those rules. The longer you keep printing, the less effective it is in saving the economy..And you reach the point where inflation becomes hyperinflation. America being the international reserve currency and gaming the international banking system allowed it to go on longer than most. But the grip in that title has slipped and the other nations are now buying from each other without paying America a commission. In a recession/depression the volume of trade drops. That hurts everyone.The nations that import more than they export get hurt more.. And the country whose currency fewer people want get hurt the most..America will soon have a drop in domestic comsumption in real terms. Get less revenue for the goods it expoerts and pay more for the goods it imports. Do I need to connect that to employment and conditions and from there to taxation revenue?
America is agoing to be hurt as badly as any other banana republic. Even the Tourism is stuffed..
Oil prices have started to come down for a worrisome reason.

You'd better be worried...the financial markets are responding positively to Trump's strategy. The TDS never saw it coming 🤣
MoveAlong · 70-79, M
@BizSuitStacy

controlling the distribution of oil

Well, I guess now that regime change, freedom for the Iranians and unconditional surrender is off the table you have to try something else.

I really want something to end this thing. t's costing Americans dearly.
sree251 · 41-45, M
@BizSuitStacy
Disrupting? As in putting mines in the strait? Thought you said Iran had the upper hand because they controlled the strait. Which is it?

The IRGC did not mine the Strait. Ships are passing through their tool booth. Two US Navy ships tried to sneak through but were warned to not try it. When they stayed on course, the IRGC locked their radar on them and gave a final warning. They turned around and scoot off.
sree251 · 41-45, M
@MoveAlong
I really want something to end this thing. t's costing Americans dearly.

Quite right. Something is keeping Trump in office. Ordinarily, he would be removed from office by Congress with support of the Pentagon. Being commander-in-chief, he would be relieved of his command and placed under arrest.

[media=https://www.youtube.com/watch?v=ohJ-DiV7Sak&t=89s]
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sree251 · 41-45, M
@MarkPaul
In Pedophile Cry-Baby-trump's delirium he is no longer happy enough to drive the USA into the ground, now he wants to claim the entire world. Apparently, only his dementia will stop him.

Yes, he certainly thinks that the world is his oyster because he has the ability to do anything he wants as US President. Trump is wearing the power of his office like Tony Stark donning his Iron Man suit.
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