alt Hacker NewsThe US Ponzi scheme coming to an end. It works great while everything is going up.
2008 Financial Crisis was triggered by Oil prices. There were lots of problematic structural elements that were fine if nobody looked close. Oil was just the sideway hit on the building to knock it over.
Just takes a nudge to collapse. And here we go again.
Replies
jacquesm • today at 1:14 PM
This time it took ~35 blows with a sledgehammer. You have to be impressed with the degree of resilience here, even a chaos monkey like Trump has a hard time completely destroying the US economy even when all checks & balances utterly fail.
➕ show 2 replies
nine_zeros • today at 1:08 PM
[dead]
> 2008 Financial Crisis was triggered by Oil prices.
Not by the subprime mortgages given to anyone with a pulse?