anticipated recession 
in history never came 
There is no recession 
https://www.cnbc.com/select/us-credit-card-debt-hits-all-time-high
https://www.cbsnews.com/news/homes-for-sale-affordable-housing-prices
Dont believe your lying eyes 
, its not a recession if we dont call it one
I see the poors are pretending to be big wallet niggas again est. 2016
Hello, welcome to 'I see the poors are pretending to be big wallet gangstas again'
This hole exists as a safe space for refugees from the Facebook(MetaTM groups of the same name. Of which there have been several iterations. We mostly exist to poke fun at the state of living in poverty. While it oftentimes is unavoidable, we do aspire to not be meanspirited. Over the years we have co-opted the term 'Peak Poor' to being someone who exudes poverty, regardless of their actual net worth. Trump and Elon both exhibit the peak poor ethos from time to time while still being the top 0.000001%. You can do something peak poor and still be a good person or a generally adjusted one. We all have a bit of poor in us.
We basically fill a niche similar to fatpeoplehate with a bit less actual malice.
PeakPoor is shotgunning mountain dews at 5 years old.
PeakPoor is not people dying of poverty. While technically the greatest heights of poverty is succumbing to it this is not funny, and is a failure
of capitalism. We do not make fun of poverty to be mean spirited such as that.
Read the room, if it's punching down too hard or really digging into someone whos a sympathetic character it doesn't belong here. (basically READ THE ROOM)
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Subscribe to this hole, it's important that we get our numbers up. Love numbers = peak poor
Bonus points for making your post title some variation of peak poor. (Pinnacle of Poverty, Prowess of the Penniless)
I am looking for a mod who will help me grow this place and encourage the facebook community where the majoryity of our members reside
to migrate. Contact me if interested.
I really do love you all so very much, i'm even spending drama coin to get some banners and marseys. thanks for being a part of the community.
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ahh yes the economic experts of rdrama!
it's like reading 2012 reddit with "MUH DEBT!"
you have no clue about what any of this means. Literally, using debt as leverage for a government is fricking smart. the alternative is to raise taxes like crazy.... it is NOT a "future problem" with having debt as a soverign.
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Maybe, maybe not. Butt what you just said makes me doubt you do.
until its not. Just ask cyprus, zimbabwe, or mylasia. You convey your thoughts like a dolt.
!slots111
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Okay how about countries that are super powers with hundreds of military bases in other countries and a currency that is used between nations and corporations all around the world?
You know like a currency that if it tanked would frick over everyone and not just the nation that issues it.
What's their track record with debt?
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the USSR had a lot going for it until it didnt
Huh, is that the system that's been inexistence for only fifty years? The fiat fiscal system that abandoned the gold standard and has no intrinsic value backing it? I guess we're also supposed to believe that that will not only remain stable, butt certainly wont be commandeered by multinational interests that want to enslave us all.
It also amazes me how you zeroed in on the debt thing and jot the other metrics I pointed too. I guess the national debt thing is only a huge deal in your mind when its about to shut down the government, and maybe not even then. Butt you cant look around and tell me that everything isnt more expensive and that average wages arent being outpaced by inflation. Groceries, housing, and gas all cost more and the average person is taking on more personald ddbt to pay for it as their wages arent rising at the same pace.
!slots111
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The debt ceiling just got 10ft higher!
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It's just kicking the can down the road. Also, they gotta tax more, reduce spending, or
borrow more to pay off the interest. They can also hose creditors by inflating the currency and paying off debt with less valuable money. 
None of these are good in the long-run, but voters and politicians don't care about that, so
.
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wjat the frick
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!slots111
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That is not how leverage works
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it is EXACTLY how fricking leverage works. 2023 has even brought the age of LEVERAGED BUY OUTS of fricking companies lmao
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The way the banking system works, much of the debt goes to bank reserves and increases the money supply (thus inflation). This is not really borrowing so much as just printing digital money except the gov still pays banks interest.
Leverage increases returns and risk for the equity holders by taking on debt which must be paid first, but at a lower rate.
What returns is the government achieving by handing everyone checks during covid?
If you're only arguing against the alternative of taxation, the point of not borrowing is it keeps the budget in check. The gov is not borrowing because "levering is efficient for returns".
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BANKS DO NOT INCREASE THE MONEY SUPPLY
not necessarily
US covid response is not based on debt
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how fricking r-slurred are you?
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I genuinely believe this isn't a troll, you're just actually r-slurred.
Read again and tell me about the central bank's reserve ratio, because this is the first time I've heard of it.
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a bank does double entry bookkeeping u slur, it does not increase money supply. Have it trades assets for their current value with assets for their future value. The leverage off of liabilities does not increase the money supply
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Think about how rslurred you are and then imagine less than that.
!slots100
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Kick the can! Kick the can!
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There was this great X post about how vast majority of economists last year thought odds of a soft landing were <10% and yet the Fed actually did it!
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This but unironically
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Factcheck: This claim hurts trans lives.
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But there is no recession, remember? We changed what it means to be in one so were no longer in one. Case closed chud.
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Ironically lying about there being a recession is an effective way of fighting the recession.
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Right, because whether or not we're in one is the belief that we are. Saying we're in one would cause us to take our money out of the market thus causing a recession. A self fulfilling prophecy.
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!slots100
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Normies yes
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Unironically true in quite a few cases.
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Factcheck: This claim is currently being debunked.
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No recession if inflation manages to hide every indicator under flooded dollars
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The past 5 years have been extraordinarily good to me financially. I have no debt, high income, appreciating property. I see none of the struggle people are talking about. I guess interest rates are super high, but that doesn't affect my day to day since I don't currently need to take out any loans -- it only increases my savings earnings.
If there's a recession it's extremely localized. Or more likely we've just never recovered from 2007/8 and whatever crack people were smoking in pretending we did is starting to wear off. Or, actually, it's entirely about consumer inflation.
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Inflation has reached insane heights. People are being tricked by "high income" and "my portfolio's doing great!" when in reality everything has lost 25 % of its value in 2 years.
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As a funeral director its been great for me too, butt my wagie staff has been complaing about raises and shit so I looked into it and things arent as great for everyone else on average.
!slots100
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If your money is in an savings account, its always losing money. Whatever amount the banks are giving you is well below the actual inflation
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Because they change the definition
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and the metrics too LOL
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Snapshots:
ghostarchive.org
archive.org
archive.ph (click to archive)
https://www.cnbc.com/select/us-credit-card-debt-hits-all-time-high:
ghostarchive.org
archive.org
archive.ph (click to archive)
https://www.cnbc.com/2023/04/27/us-personal-savings-rate-falls-near-record-low-as-consumers-spend.html:
ghostarchive.org
archive.org
archive.ph (click to archive)
https://www.cbsnews.com/news/homes-for-sale-affordable-housing-prices:
ghostarchive.org
archive.org
archive.ph (click to archive)
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That's right Snappy!
!slots200
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Any reddit links?
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No, you should make one and post it here in good faith
!slots100
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Oh whoops
!slotsmb 125
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fair. !slots125
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I got gigabanned years ago and literally can't be bothered to make a new account.
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SPY GIP 60
We are not in a recession lol
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weak comment,
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Market has rallied insane mode on literally every fomc/cpi/nfp print precisely because we arent in a recession
You have no clue what youre talking about but its whatever
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Outlets need to stop using jargon to umm actually starving people
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