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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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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https://en.wikipedia.org/wiki/Money_supply
I'm tired of explaining the most basic macroeconomic concepts to you.
Unrelated question: If you didn't eat breakfast this morning, how would you feel?
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Think about how rslurred you are and then imagine less than that.
!slots100
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