Jim wrote on Dec 7, 2022, 02:10:I'd agree the crypto dip/collapse/whatever is nothing like the economic crisis of 2008. However, there are some things building up which could be... if inflation isn't brought under control there will be some real problems. I read yesterday about large portions of US being months behind in utility payments due to rising prices, rents are going up so fast many metro areas are about to have real problems, and the corporatization of single family housing isn't helping anything.. I'm not predicting a recession or major economic event, yet... but we are sort of slowing moving towards several cliffs...
nothing like 2008.
Slick wrote on Dec 6, 2022, 22:33:
No Intel. I reject your marketing. You can't be 4nm-class anymore than you can be 72 degrees farenheit-class.
It's an observable measurement, not marketing.
In a world where basic facts are no longer valued, I'd love to see the press push back on this a bit harder, or... at all.
Kxmode wrote on Dec 7, 2022, 00:52:nothing like 2008. I thought the collapse had a high chance of taking down the US dollar completely and collapsing in the entire global economy. We did get in a freeze for a couple weeks but then recovered. The big issue in 2008 was the overleveraging that the banks did for the housing market to where governments had to guarantee the money, Instead of letting them fail. The crypto collapse on the other hand is relatively small. One government uses it for currency, sucks to be them, sucks for the investors, but everybody else is pretty fine.
It's like what happened in 2008. The financial industry created an unregulated investment property with CDSs, CDOs, and Synthetic CDOs and then collapsed the global financial system under the weight of their greed. This time, the currencies are entirely fake on international exchanges riddled with fraud and criminal behavior with zero oversight. Some of the worse aspects of humanity run amuck.
Slick wrote on Dec 6, 2022, 22:33:
No Intel. I reject your marketing. You can't be 4nm-class anymore than you can be 72 degrees farenheit-class.