Carl Foster8 said:I guess someone on this subforum actually needs to understand economics.
Consumer credit is basically suicide; it’s what led us into debt slavery. It isn't about evil banks or foreign corporations, but rather arrogance and living on credit.
Talking about self-employment under these conditions is pointless, especially since even
the biggest capitalists have pulled back—they aren't taking loans or investing their own money
into the businesses they previously started.
I'm talking about the Chinese way of manufacturing, which relies on high volume
with low unit prices. It's just pure math.
Qty of Goods Price Revenue
....1.......*....10...=10
...10......*......1...=10
You claim self-employment isn't worth discussing, yet you want the government (which mismanages resources) or private companies (who clearly see no profit in investing right now) to handle it.
What you described below is called economies of scale.
If you actually knew anything about economics, you wouldn't be wasting your breath trying to explain it to me.
The stuff we all know too well—or maybe we just pretend we don't.
The fundamental cause of a recession? It’s pretty simple: there just isn't enough cash circulating in the market.
Consumers are non-existent, unemployment is climbing, and more people are going unpaid by the day. Everything is just bone-dry.
More and more people are complaining. It looks like the capitalists have finally tightened their grip on everything sitting in their private accounts.
They aren't spending a dime, and they aren't investing either. Period.
That’s exactly why the shelves are empty and nobody's buying anything once we actually start heading into...
"Economic death spiral." Here we go again. Capitalists are just cranking out products to sit in warehouses instead of actually selling them to the market.
So, there's no collection coming in, which means there's zero capital left to buy raw materials and actually get things moving.
Another production cycle begins. Production shuts down, once again there are no paychecks, and once again we're just looking for more workers.
Back to square one. People are spending even less than before, and it’s obvious what's happening: yet another business gets shuttered for good.
The wave is hitting the banks now. Nobody is taking out new loans, and they can't even manage the old ones.
Banks are starting to feel the squeeze of illiquidity in the economy, which is becoming a real issue here.
It’s still not happening, which is a miracle in itself. Why? Because they're just remote concentrators, plain and simple.
Foreign banks.
The spiral is just getting wider, and now it’s starting to swallow the financial sector too. Same old story, same old nonsense.
It’s pretty obvious now: an entrepreneur is basically sawing off the branch they're sitting on if they stop paying their employees. And the banks? They’re doing the exact same thing when they cut off credit to business owners and everyday citizens alike. Everyone's just cutting themselves down.
That’s basically its entire reason for being.
The only thing keeping us from total disaster right now is a fresh injection of capital into the market.
I’ve got my fair share of gripes about how this country is being run, mostly because the government is supposed to actually be in charge of things.
The bedrock of all this political and economic chaos.
Thanks for clearing up the volume issue. I'm pretty sure that's what they're actually measuring.