2008

Was purchasing food more problematic than it used to be? Did you lose your home? How much money did you borrow? Did you eat less to save money?

This, i started working in 2009 after graduating technical school.

I was back in Portugal at the time very tough, first job was a 500 euro per month where i had to work 16h days sometimes, arrive home at 4am and be expected to be back to work at 9am.

Second job was slightly better paid (650 euro) 9-5job but 2011 was hell in terms of the economy, many of my customers literally couldn't pay in full because they didn't have money (people owed them money) so i had several months of being paid 25% of my wage.

My luck was that during 2011 i had the privilege to live with my parents so i didn't depend on my income to feed myself or put a roof over my head.

This

We never really left the 08 recession as governments had to step in to bankroll everything.
Now that inflation is ramping up they're stuck with two equally shitty options, let inflation run rampant while they continue to subsidize Wallstreet, or raise rates and crash the entire economy with no survivors.

I bought a house and some land at the beach for cheap. Now it's worth a couple million.

Haha I'm 20 right now and a crash is staring us dead in the face. Market cycles amirite

yeah everyone was working their asses off and getting nothing. i worked 4 part time jobs and went to school. i said fuck it and dropped out and got a low wage office job.

THERE WILL BE TANKS IN THE STREETS!!!!

My parents helped me open an IRA when I was a teen and it nearly halved in value at the bottom of the recession. Didn't really affect most people I know beyond hurting their investment portfolios. The biggest thing I remember was people being pissed they bought a house at the top. Funny looking back because they still made a return in less than 5 years lol. That's why I always keep a bunch of cash on hand. You don't want to miss an opportunity like the recession.

have good credit and buy land

>I was 6-7 and don’t recall that hardships

you weren’t even old enough to tug your own rope yet. Herbs herbs herbs.

Me experience mirrors this. I was 21. Mainly mad I didn't have any cash to invest.

I was a real estate investor at the time. You couldn't give away a vacant lot that would have sold for $35,000 three years earlier. Banks tightened up so much that borrowers had to be almost perfect to get a mortgage (Unlike today when you can get a HUD home mortgage with a credit score of 580). The value of homes dropped so much, that many people owed more on their house than it was worth! Homes were actually worth much less than the property tax assessments. There were so many foreclosures in the Phoenix area that the list was over 100 pages long! You could buy a 3 year old 3BR 2Bath 1800 Sq. Ft. with attached 2 car garage in okay shape for under $50,000. Add a swimming pool for $7,000. And there were 40 pages of foreclosed homes like these, and no one was buying them! (Today they are worth $250,000+)

The Fed dropped the Fed Funds rate to ZERO at that time, so the "prime" lending rate was also near zero. But actual commercial loan rates went UP from where they'd been before the crash. And commercial banks who kissed your ass in 2005 wouldn't return your call in 2009.

Countless banks went under, and were absorbed by bigger banks who got billions in bailout from the bank-owned Federal Reserve.

All this destruction is created by the bank-controlled money system. Banks create all money when they issue loans AFTER the borrower signs the promissory note. When banks are lending freely, the money supply surges and we get an economic boom. When banks stop lending, we get a terrible crash and a bust. This pattern will continue until we abolish bank-created money and transition to a debt-free, interest free money system.

bankLIES.org

Attached: 2 DREW 2 T Ltr. Yetter Interest from another loan-page-001.jpg (3548x3820, 1.6M)

China didn't pay for shit, almost all of the accrued US debt was borrowed from our social security program. Occasionally we hear about how in the future the program will financially collapse due to demographics but the Jews hid the info really well about the $6 trillion they pulled from there.

> 10K feet view
I was (and kind of still am) a macrofag...
Food choices as well as quality plummeted in a span of 3 years following the GFC.
I did not have a home back then and I had not borrowed money.
I almost always cooked my own food (that makes me guilty as I just finished eating synthetic food from a takeout).
> Did you eat less to save money?
No

Banks create all money when they issue loans. Banks cause economic booms and terrible economic crashes.

bankLIES.org

Attached: Bank of England money creation in modern economy JPG.jpg (2481x3509, 1.64M)

nobody was hiring, it felt like there was going to be a great depression like the 1930s. it got papered over to set up a far worse fate in the next few years

I graduated college that year. I lucked out in that I was preparing to do a gap year when shtf. I jetted off to Hong Kong and ended up staying for 3 years instead of just one.
Friends back home were fucked. Almost no one graduated with me could land job for well over 18 months. Also knew at least 6 people who lost their houses. Felt bad for them because none of them were shitskins or charlatans who got a subprime mortgage. They just had the misfortune of buying real estate during a horrible time.

I watch the sp500 go down to 666 in real time then bounce and never go below that.
there's a video of cramer going nuts, that's a good idea of what it was like.
then congress passed a bunch of bills that bailed everyone out and changed our financial system forever. Now the fed is always bailing everyone out.

Banks create the money they lend AFTER you sign the promissory note.

Over 95% of the money supply is created by bank lending. When the banks are issuing lots of loans, the money supply surges and the economy booms. When banks stop lending, we get horrible economic crashes that ruin live and destroy families.

proofs available at:
bankLIES.org

Attached: Library of Congress money creation admission 1983.jpg (1700x2200, 434.83K)

based.

Attached: e238f4d4bd4081f60669775accedc53eafe59c96.jpg (975x775, 350.65K)

They do this with insurance as well from what I understand

I entered the job market that year. It was super neat…

>What happened to you specifically as a result of the crash?

The CIA began a massive propaganda campaign to divide the country and increase immigration to dilute the populations will to resist because at that point they knew the financial system would fail and a rebellion was inevitable. Everything that's happening now started in 2008.

This.
If you had cash you could get houses for stupid cheap. I bought a 2,800sqft 4 bedroom house in the ghetto for $3,000. Then rented it to section 8 for $750 a month. I bought 8 houses including the one I live in now, and some empty lots at the beach. I'm pretty much retired at 40 now, and all my money came from the 08 crash.

hmm i can't imagine how many things in the world got bought up by jews for free.

How can I be ready, user?

It never actually got as bad as described because they just printed and stole money out of the hole they created.
Everything was just dull and stagnant with very little noticeable change for a while.

Hopefully this next big crash won't have brakes or a safety net and clown world will end.

Have a 750 fica and a good debt to income ratio, or a nice stack of cash.

we were told no one could have seen it coming.

Peter Schiff 2006
youtube.com/watch?v=jj8rMwdQf6k
He is not a genius but simply not blind. He wasn't alone.

Lol idk I was 22 at the time and living all over Europe. I was also broke as shit and had no investments, so I wasn't affected by it at all.

learn to be sharp in mind and look for opportunities to make money and improve your life. make social connections, have good credit, and buy land. be ruthless so you can give later.

Do what I did in 2010 and burrow up the ass of the banking sector, I work fintech for banking core processor so my employment risk is spread out across dozens of different banks all across the country.

Good for you! But the vast majority of people have a lot of debt. It isn't their fault: the system is designed to keep them in unpayable debt from cradle to grave.

Yes, if you had cash and the balls to buy real estate in 2009 through 2012, you would have made out very well.

Attached: Byron Dale letter from US Treasury.gif (1206x1473, 535.79K)

>We never really left the 08 recession

Well duh, it's literally called The Great Recession

On the upside of all of this, a ton of people got redpilled about the heebs through all of this

My parents lost 40 percent of their retirement and had to work about 10 years longer than they wanted to. My dad died of a massive heart attack last year right before he was going to retire for good (he also had his second phizer shot the week before…). Point being the crisis probably contributed to my dad dying young.

I was 8, didnt affect my life in the slightest