logoalt Hacker News

AznHisokayesterday at 5:44 PM3 repliesview on HN

Someone gets bailed out and the cycle starts again. Isnt this how it works?


Replies

timaclesyesterday at 7:48 PM

We are basically dealing with the fallout of the 2008 GFC bailout to this day.

The fiat economic system is irreparably broken, and we are circling the drain. Another bailout is _probably_ inevitable. But the cycle sure as hell isnt resetting and we are speeding towards something... what it is is unclear though, and when is also unclear.

The part people cant wrap around is the scale of it and the time it takes to go through the super cycle. Theoretically, it all started with the Dot com bubble, which indirectly cause the housing bubble, which caused the GFC. Which caused whatever happened in 2019, which caused QE in 2022 under the guise of COVID, which is causing whatever the hell is happening now.

Capitalism has become uncorked, and money is irreversibly flowing to the top at an increasing rate. The logical next stage is that like 75% of the world's population is literally not even part of any economy. And that doesnt really make any sense

show 3 replies
shmelyesterday at 8:03 PM

or, hear me out, we can try the Irish way? Just let them fail ffs

show 1 reply
downrightmikeyesterday at 6:12 PM

Hyperinflation to make the needed bailout money

show 1 reply