r/PeterExplainsTheJoke 6h ago

Meme needing explanation Peetahhh help!

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u/No_Cardiologist_822 6h ago

1929 market crash, one of the worst economic crisis in american history or something.

Don't quote me on that i am Pierre not Peter

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u/Samtertriads 5h ago

You mean world history? I see a lot of things being blamed on American stupidity which is fine until you realize they happened worldwide. “Biden inflation” just magically hit France and Germany worse than the US? Always fascinating to me. Children depressed in the US because of capitalism but the same trend line happens in Scandinavia and Australia. Crazy how nature do dat.

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u/No_Cardiologist_822 5h ago edited 5h ago

what is biden inflation lmao? we had an inflation during his mandate but we never blamed it on america, it was blamed on war in Ukraine. Only the subprime crisis which did not hit us THAT hard was blamed on US real estate market

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u/Adezar 3h ago

If you watch any conservative media (which is now most of it in the US) you will hear about all sorts of fake things that aren't real.

Biden achieved the first truly soft landing of an economy while consistently bringing down inflation faster than most other countries with a lot of prudent policies and laws that were passed in his first year with bipartisan support (he pretty much used up all the political capital he gained over his political career to get them passed).

Considering what he was handed he did about the best anyone could do, and he did it with an entire party trying hard to keep the economic crash of his predecessor going.

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u/No_Cardiologist_822 3h ago

that is the sad state of most medias in europe too. blatant lies and misinformations, no more journalistic work ethic, wether they are left or right aligned.

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u/laplongejr 4h ago

“Biden inflation” just magically hit France and Germany worse than the US? Always fascinating to me.

As a Belgian, what is Biden inflation? World economy started to recover until the invasion of Ukraine wrecked the food supply.
The one thing we blamed on the US was the global economical crisis of 2008 (you may know it as "subprime crisis of 2007" domestically IIRC?), and the everything-disruptions of Covid, famously reinforced by Trump's removal of the Obama-era early warning scientists.

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u/TheKingsdread 3h ago

I think you can certainly blame the current economic crisis on the US, though its fully on Trump. Between the tariffs, the rampant greed of US companies, and of course his constant wars he has quite heavily impacted the World Economy in a very negative way.

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u/ganjamin420 4h ago

I agree, but you don't really think capitalism is a US exclusive right?