Next Recession to Destroy Millennials

BmoreGorilla

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:mjlol: That's not how national debt works at all. What you fail to realize is that America is isolated with no rivals at either of our borders, we have every necessary natural resource needed to sustain our population, and our military has the ability to literally wipe a country off the map without mobilizing a single tank or plane. We're good.
People don’t realize our money been basically worthless for a while. Our country is funded by oil and drug money. America will invade a country for its resources before it lets itself go down the tubes
 

KillerB88

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People don’t realize our money been basically worthless for a while. Our country is funded by oil and drug money. America will invade a country for its resources before it lets itself go down the tubes
:gucci: Oil and drug money? nikka don’t quote me like I agree with this nonsense. You all just like saying things to sound edgy. Did you not read what I wrote? Our money is plenty valuable.
 

BmoreGorilla

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:gucci: Oil and drug money? nikka don’t quote me like I agree with this nonsense. You all just like saying things to sound edgy. Did you not read what I wrote? Our money is plenty valuable.
Not trying to sound edgy at all. What are US dollars backed by? Credit. And America is how much in debt? If America wasn’t funded by drugs and oil explain Vietnam, Iran-Contra, Desert Storm, and the invasion of Iraq and Afghanistan after 9/11
 

KillerB88

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Not trying to sound edgy at all. What are US dollars backed by? Credit. And America is how much in debt? If America wasn’t funded by drugs and oil explain Vietnam, Iran-Contra, Desert Storm, and the invasion of Iraq and Afghanistan after 9/11
:skip: I don’t need to explain friend. You just need to pick up a few books. US dollars are backed by our military power.
 

Blessings

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This article is bullshyt and basically boils down to "the Great Recession was terrible and look at all these things that happened immediately afterwards." There are no indications that the upcoming recession will wipe anyone out or be as bad as the Great Recession. The people eating off these types of stories never tell you that the US economy has a recession every ten years. It's an expected event. The issue is that the last one was LITERALLY the worst economic downturn since the Great Depression.

We don't see the indicators to suggest this is going to be nearly that bad. More than likely we are going to experience something most millennials don't remember...a normal ass recession. Similar to the downturn that greeted W Bush shortly after he became president (before 911).

It won't be pretty, jobs will be lost, GDP growth will stagnate...but it won't be the end of the world. Millenials love consuming existential crisis/threat stories (see: global warming) and loathing over them but...this ain't that.


/thread
 

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Not trying to sound edgy at all. What are US dollars backed by? Credit. And America is how much in debt? If America wasn’t funded by drugs and oil explain Vietnam, Iran-Contra, Desert Storm, and the invasion of Iraq and Afghanistan after 9/11
At first I was like :stopitslime: but after reading this post you are correct though. Since we don't have the gold standard anymore the U.S. dollar is in fact backed by credit, there is no denying this. A lot of people also don't know that you can only purchase oil with the U.S. dollar this is also a fact. Now although I do believe it's also backed by drug money I can't prove it right now so I leave that one alone.
 

TRY GOD

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:skip: I don’t need to explain friend. You just need to pick up a few books. US dollars are backed by our military power.
You and @Deacon Frye are both right. Our dollar is backed by the resources we have, and the ability to retain and attain resources through the military. We are credited for our capabilities.
 

BmoreGorilla

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:skip: I don’t need to explain friend. You just need to pick up a few books. US dollars are backed by our military power.
Breh that’s exactly my point which is why I brought up military power moves. Almost every single example I gave you was followed by a drug epidemic. Except for the Iraq examples which was all about oil
 
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