Videos posted of the raid showed dozens of police vehicles, white school buses and heavily armed and masked agents descending on the consturction site.
  • ToastedRavioli@midwest.social
    8·
    9 days ago

    So far, the level of similarities between the current era and the depression era are truly insane.

    We have: Mexican Repatriation vs the current mass deportations

    Crony Capitalism

    A massive real estate bubble that no one is working to cool off

    Tariff policies fucking with the economy

    Massive speculation in a virtually unregulated crypto industry, fraught with the same schemes that the financial tools implemented after the depression were intended to prevent from happening again

    Literally the only saving graces we have at this point are the Fed and the FDIC, or people would have been starving in the street with wheelbarrows full of cash by now

    If you asked AI “how to cause the great depression a second time” it would probably tell you to do everything they are doing

    • Sineljora@sh.itjust.works
      3·
      9 days ago

      FDIC is limited and banks can still have 0% reserve. It could take you 10 years to get a fraction of your bank deposit back, assuming it isn’t used as a “bail in” to cover their losses.