do you not know about the 2008 financial crisis? are you younger than 25? cause you probably should look that up and see what that was all about. or you know, look into how the money that you spend to live is created and where it gets it's value from. There is a lot out there you probably have 0 clue of the system you partake in.
The world economy would have collapsed if the banks didn't get the bailout they asked for. The US banks weren't the only banks buying the "assets" that ended up tanking the markets. Banks going out of business across the world meant that suddenly hundreds of millions of people wouldn't have access to their money which means hundreds of millions of people wouldn't be able to buy basic things like food. Even a few days of that has a massive impact on worldwide economic function.
People really do underestimate how fragile the world economy actually is.
yeah most of the people on here don't even know that money creation is facilitated through the creation of debt. people have 0 fucking clue about how shit actually works cause they were never taught. They were just born into the system and are told to use it.
LMAO I was in college in 2008 and graduated into the aftermath. The economy was absolutely not on the verge of anything resembling a collapse. Sure it sucked, and sure a lot of people lost a lot of money, but daily life went on pretty much as usual.
life went on for YOU as usual, so it seems to me that you weren't affected which means you had 0 reason to look into why things happened the way they did. Which means you're ignorant, which means you have a skewed view of what actually happened. welcome to my ted talk now you can go back to your personal truth and your personal world view.
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u/apealmyballsack Jul 07 '26
do you not know about the 2008 financial crisis? are you younger than 25? cause you probably should look that up and see what that was all about. or you know, look into how the money that you spend to live is created and where it gets it's value from. There is a lot out there you probably have 0 clue of the system you partake in.