thanksforallthefish@thanksforallthefish@literature.cafe

Replying to @⁨popekingjoe@lemmy.world⁩

Be careful what you wish for.

I’m no fan of AI, but the combination of swingeing tariffs and the 1929 crash lead to the Great Depression. We didn’t have that happen in 2000 when the dotcom bubble burst because adults were in charge of the American finance system. that is no longer the case.

The orangutan has already pushed the American economy to the brink, the inevitable bursting of this bubble is going to decimate the US, and unfortunately the size of the US economy means that will flow onto the rest of the world. Unless you are in a country that close enough to no trade with the US and limited international financial dependencies you will be severely impacted. North Korea fits the bill but I don’t really want to move there.

jj4211@jj4211@lemmy.world

Replying to @⁨thanksforallthefish@literature.cafe⁩

I get it, but at the same time, do we always have to let key douchebags be “too big to fail” and endlessly support their choices no matter what?

This time around, I anticipate massive inflation as they just try to print their way out of it. That’s the sort of financial disaster that seems to be a bit more on-brand for our current leadership.

en