• kingofras@lemmy.world
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    1 day ago

    It’s called Imaginary Economics.

    It tends to happen right before a capitalist system fails.

    • BreakerSwitch@lemmy.world
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      7 hours ago

      Is this a thing? Because what comes to mind for me is “the market can remain irrational longer than you can remain solvent,” which just happens sometimes

    • Victor@lemmy.world
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      1 day ago

      It tends to happen right before a capitalist system fails.

      How often does this happen that we can claim this correlation? 🤔

      • Venator@lemmy.nz
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        1 day ago

        About once every 350 years… With a sample size of 3… 😅

        • Cocodapuf@lemmy.world
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          10 hours ago

          So you’re saying which empires/systems exactly then?

          Spain perhaps? The Holy Roman empire?

          • Venator@lemmy.nz
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            3 hours ago

            I was averaging roman, British and Mongolian empires, based on Google AI summary, so take that with a pinch of salt 😅 🧂

      • kingofras@lemmy.world
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        1 day ago

        It’s about to. The very nature of it, means you can only have a sample size of one.

        • Victor@lemmy.world
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          1 day ago

          And when do you predict this will occur? When should I have built my nuclear shelter so I know when to start building it?

          • kingofras@lemmy.world
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            1 day ago

            Too late for that I’m afraid. It already happened. It just takes a while before the [citation needed] folks understand that past performance is not a guarantee for future success.

            • Valmond@lemmy.dbzer0.com
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              1 day ago

              Lol sure, any time now, just one more year bro, just one more year and it will collapse bro, promise.

              Maybe the usa will collapse a bit (because those people are often americans that don’t know there are other countries out there) but that’s another story.

              • kingofras@lemmy.world
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                1 day ago

                I highly recommend staying ignorant honestly. It’s a much lighter burden to carry than seeing all the datapoints and seeing the collapse as a certainty. Have a good life, seriously.

                • shneancy@lemmy.world
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                  1 day ago

                  if you want to be treated seriously maybe provide some proof instead of saying that you’re attuned to all datapoints and can therefore see the future lol

                  • kingofras@lemmy.world
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                    1 day ago

                    I don’t want to be treated seriously on this platform about that subject.

                    If you’re curious you can find it but it won’t be thrown in your lap, as people would simply stop working/paying taxes or have children or fight the elites wars for them if the collapse data becomes widespread knowledge.

                    But as I said, there is nothing serious about this, and the best advice I can give is to simply enjoy life and appreciate precious moments with loved ones.

      • daddycool@lemmy.world
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        9 hours ago

        It’s the biggest bubble seen to date. It has all the characteristics, and it will crash eventually.

      • vaultdweller013@sh.itjust.works
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        23 hours ago

        People can see the trends and see how it will probably break down in some way, the problem is that the market can stay irrational longer than we can stay solvent. It helps that these dipshits seem to have forgotten that money equals abstract resources and creating new resource issues that’ll certainly put pressure on them in a more direct way either through legislation or via sabotage of required infrastructure.