This is the first thread of an on-going series where we discuss our personal reaction to historical events . In this case, let's talk about 2008.
There's one major event I wanna focus in on: the Great Recession. I personally feel it was the foreshock for a much greater economic catastrophe, though as time goes on, I'm not as sure as I once was. After all, we've been saying that the Collapse is definitely coming this year for almost as long as it's been since the Great Recession technically ended. You can even find threads on it on this very forum, about how the global economy was undoubtedly going to collapse by the end of the year and anyone who couldn't read the writing on the wall was simply deluded by needless optimism, that we should prepare for bank runs and 40% unemployment in first-world Western countries by Christmas...2011. Repeat the next year, for 2012.
I'm starting to wonder if it's possible the economy won't collapse, but instead, we've entered an entirely new phase in economic history unlike anything we've experienced in centuries— total economic stagnation. Stagnation that could last for decades.
And it all stems back to those strange days back in 2008, when the global economy actually did collapse.
I want to know people's memories and experiences about this event. What were you feeling at the time? What were your thoughts?
Naturally, this is a discussion that's going to have to exclude anyone who was as young or younger than I was at the time (14 years old by November 2008, but 13 for the majority of the year), as I can vouch for many when I say middle schoolers aren't exactly the most world-receptive creatures out there. I knew something was happening— news reports constantly started with the anchors screaming 'Breaking News: Dow Drops XXX Points' and bringing up how many banks had collapsed by that day— but I wasn't old enough to understand what was happening.
So I'm mainly asking those who were at least 16 years of age, or, in an exception to that, had parents who were so highly concerned by the on-going events as to react in ways that frightened them. You see, my mother is as apolitical as they come— one of those middle-aged Lifetime/A&E/Candy Crush Saga types who doesn't givva damn about current events or the latest in sci-tech or anything, so there was no concern in my household back then.
Yet I can imagine that, in other homes, there was a tangible fear that all of Western civilization was about to implode.