'i' That day, Redditor Icedog68 posted a screenshot of his site profile (shown below). Herbert Hoover. As of November 11th, 2016, the subreddit has 31,941 subscribers. [9] On February 22nd, 2017, Redditor AchillesDev, one of the voluntary developers working on the NASDANQ project, posted an update[10] revealing that the team has officially formed a company under the name NASDANQ LLC and the alpha version of the platform will be ready for launch within two weeks, equipped with basic functionality, such as buying and selling memes and setting firms. Know Your Meme is an advertising supported site and we noticed that you're using an ad-blocking solution. The meme claims that in the “8 years under Obama,” the U.S. lost “4 million jobs,” “unemployment peaked to 9.9%,” and GDP went “down 2.8%.” In contrast, it claims that in the “2 1/2  years under Trump,” the U.S. gained “5.1 million jobs,” “unemployment fell to 3.6%,” and GDP went “up 3.2%.”. Our previous stories can be found here. Shortly after, Elon Musk shared a version of his own. Early Year Drought – Meme Insider Flash Article, How a group of Redditors is creating a fake stock market to figure out the value of memes, Belle Delphine's Christmas Day Porn Video, I Don't Believe In That Nonsense / So True. While the meme began in 2017, it surged again in June when an image went viral that depicted some poor sap begging an ex to take them back and accidentally sending the stonks meme in the process. The average annual increase in Trump’s first two years has been 2.6%. As we’ve written before, there had been a net increase in jobs under Obama. This contributes nothing to the meme economy; historical examples of a meme are nothing new and continue to be good investments, this is common knowledge. Thank you for helping us in keeping r/dankmemes dank. According to the Bureau of Economic Analysis, annual real, inflation-adjusted GDP did decrease by 2.5% in 2009, but it increased every other year of Obama’s presidency. The coronavirus pandemic has produced "one of the greatest wealth transfers in history," CNBC's Jim Cramer said. Q: Did a recent study in Denmark show that face masks are useless for COVID-19? Total nonfarm employment grew by more than 11.6 million, an 8.7% increase over his eight years. "The bigger the business, the more it … Meme Economy is a satirical concept and internet subculture in which memes are discussed in the jargons of the financial industry, as if they are commodities or capital assets with fluctuating values. If this is not a dank meme, downvote this comment! The most recent figures from the Bureau of Labor Statistics show that total nonfarm employment has increased by over 6.5 million, or 4.5%, from when Trump took office in January 2017 through November 2019. The first instance of memes being discussed as stocks came on June 11th, 2012. by Facebook users are recirculating a meme from May that makes misleading economic comparisons between Presidents Barack Obama and Donald Trump. In the attention economy, memes compete for a finite pool of attention, representing all the time everyone spends on the internet. Labor Force Statistics from the Current Population Survey; Unemployment Rate, Seasonally Adjusted. A budget tells us what we can’t afford, but it doesn’t keep us from buying it. Editor’s note: FactCheck.org is one of several organizations working with Facebook to debunk misinformation shared on social media. About. The subreddit's description reads: "/r/MemeEconomy is a place where individuals can buy, sell, share, make, and invest in memes freely. Hit us ^up if you have any questions. It’s not exactly clear how Tea Party Patriots Action measured the percent change in GDP under Obama, and the organization didn’t respond to our queries. The following memes became known as Mad Karma With Jim Cramer. Ah, memes.As social media continues to grow and thrive as it's embraced by more and more people who spend more and more time online, so too do the memes that spread across those platforms. [5] /r/MemeEconomy – BIG meme economics update, [6] /r/MemeEconomy – Early Year Drought – Meme Insider Flash Article, [11] The Verge – How a group of Redditors is creating a fake stock market to figure out the value of memes, [12] MemeInsider.com – Meme Insider, January 2017, Nov 13, 2016 at 03:57PM EST Employment, Hours, and Earnings from the Current Employment Statistics survey (National); Total Nonfarm Employment, Seasonally Adjusted. 'v' [2] Prior to being archived, the post received over 4,300 up votes and 100 comments. Memes are bought and sold on "GoodBoyPoints (GBP).". “Labor Force Statistics from the Current Population Survey; Unemployment Rate, Seasonally Adjusted.” Data extracted 12 Dec 2019. Finance and Economics Memes and jokes. Jackson, Brooks. In May, Tea Party Patriots Action, a conservative nonprofit organization, posted a partly false meme on its Facebook page, comparing the economy under Presidents Obama and Trump. A Project of The Annenberg Public Policy Center, or 4.5%, from when Trump took office in January 2017 through November 2019. The study found that face masks did not have a large protective effect for wearers — not that masks provide no protection at all or don’t offer benefits to others. The meaning of " E " is unknown, but we have some guesses. to view a random entry. Press The Trump figures in the meme may have been accurate when the post first appeared on Facebook in the spring, but they are now outdated. Origin. Claim: Facebook meme that makes economic comparisons between Presidents Barack Obama and Donald Trump. The BEA will announce its first estimate of GDP growth for all of 2019 at the end of January. a preface or tag line used to mollify or quantify any ridiculous or unscrupulous action or statement The feeling you get in these moments, even if you’re a veteran trader, is that a house of cards is caving in. That's not how memes work you dipshit, Nov 13, 2016 at 02:58PM EST Here are 10 facts since Trump was elected that prove this is the best overall economy in more than 50 years: Mr. Trump on Tuesday tweeted again about the economy, claiming it "may be the best economy in the history of our country." Job gains. That’s also around the time we plan to publish the next update of Trump’s Numbers, our quarterly scorecard of statistical measures of how things have changed since Trump took office. ME_IRL CREATING MEMES AT AN UNSUSTAINABLE RATE! Legal Information: Know Your Meme ® is a trademark of Literally Media Ltd. By using this site, you are agreeing by the site's terms of use and privacy policy and DMCA policy. 15 Nov 2019. Did a recent study in Denmark show that face masks are useless for COVID-19? William Feather. Finance quotes: About the time we can make the ends meet, somebody moves the ends. to view the image gallery, This is not a new template, this is crossposting a popular meme for karma. The Daily Dot[7] covered deros94's report, noting that the January season tended to be slow for memes, as internet users look to rely on old memes while truly viral trends begin emerging. 1. The meme includes inaccurate or selective information about Obama’s record on jobs and economic growth. A commemorative tweet from former President Barack Obama Monday touting the "longest streak of job creation in American history" on the 11th anniversary of … Economic Outlook Top 10 Quotes About Economics Experts throughout history provide valuable perspective on today's fiscal crises. Adam. Nov 11, 2016 at 04:07PM EST “Obama’s Final Numbers.” FactCheck.org. Trump has not been … The credit can only be given to President Donald Trump's promised rollback of the tax and regulatory schemes implemented from 1993 until he was elected. No. On October 17th, LuckyCosmos posted a pinned thread[5] explaining the way the subreddit and "meme trading" works, including a FAQ. PROTIP: Digital Archaeologist & Treasurer & Pundit & Gallery Housekeeper, Digital Archaeologist & Treasurer & Collection Butler, Digital Archaeologist & Curator & Media Bus Boy. The history of the meme started in 1976—yes, we’re going way back. The average annual increase in real GDP from 2009 to 2016 was 1.6%. " E " is a meme that have breaked the internet currently, it's a meme with the letter " E " and a deep fryed image of Markiplier's face combined with Lord Farquaad's head. On September 28th, 2016, killameme7[3] created the subreddit /r/MemeEconomy. They analyze the costs and benefits of distributing and consuming these goods and services. On an annual basis, however, GDP growth has not reached above 3% during Trump’s term, despite his repeated promises of 4% to 6% growth per year. Our previous stories can be found, Video: Trump’s Claims on IG Report and Russia Investigation, Trump Renews Unfounded Claim on Debate Mic. It was 4.7% when he left office in January 2017. They tend to multiply around holidays, like these Dad Joke memes, too.. Dawkins referred to it as a “Mimeme”—a word derived from Greek that means “that which is imitated.”The word was then abbreviated to just “meme” due to its similarity to the word “gene.” But the BEA later revised its estimate to 3.1% growth in that quarter, and it most recently estimated that real GDP grew at an annualized rate of 2.1% in the third quarter of this year. to view the video gallery, or You'll also get updates on the market and be able to collaborate with other fellow dank meme traders.". I'm a ^bot BravelyDefect, We're the foremost university for micro memeology, teaching both supply and demand side meme theory, but there's currently a backlash against the schools of thought for trickle-down dankness. Luckily, Twitter account @MemesOnHistory is shedding some light on our past by using the internet's most beloved memes. That may be what the figure in the meme is based on, but it’s false to claim that represents jobs lost in the “8 years under Obama.”. WARNING! Overall, the unemployment rate dropped 3.1 percentage points over his two terms. It’s true that the BEA did initially estimate that real GDP in the first quarter of 2019 increased at an annualized rate of 3.2% — the figure used in the meme. Jul 29, 2020 at 05:58AM EDT On January 25th, 2017, a group of Redditors on /r/MemeEconomy digitally released the first issue of its monthly news magazine titled Meme Insider[12], which offers various insights and advices on the market conditions of meme exchange in the vein of financial news magazines like Forbes. This sub is for templates and evaluation of those templates. The study found that face masks did not have a. It has since bounced back strongly, but hasn't regained all its losses. ️. The social value of a meme, whether it comes from being cool, transgressive, funny or clever, is measured by the so-called “meme economy.” It’s … Here's how Mr. Trump's claims stack … She says it is the ‘main fact or finding of economic history’. And while the unemployment rate was 4.7% at the beginning of Trump’s term, it fell to 3.5% as of November — a decrease of 1.2 percentage points. Rise of the Meme Economy Reddit sub /r/memeEconomy gives its spin to memes. Also, the unemployment rate under Obama began at 7.8% in January 2009 (during the recession), peaked at 10% in October 2009 and remained at or above 9% until October 2011. [6] The piece, shown below, argued that the early-2017 meme landscape was a "barren wasteland" and memes cropping up on /r/me_IRL of late had been forced and rehashed ideas. But the numbers for Obama are either wrong or cherry-picked, and the numbers for Trump are now out of date. A: No. The Meme Economy. But then it steadily declined. ️ Cast Your Vote To Select December's Meme of the Month! The US economy was then hit by the biggest economic contraction ever recorded as a result of the pandemic. On February 3rd, 2017, a group of Redditors on /r/MemeEconomy launched MemeTrades.com[8], the first online stock brokerage platform for internet memes, where visitors can participate in mock-trading memes as virtual commodities by logging into Facebook. in reply to Its economy, once Latin America’s richest, is estimated to have shrunk by 10 per cent last year – worse even than Syria’s. A Redditor used the image to create the Good Girl Gina meme in 2011, and soon Kathrine became internet-famous. ME_IRL CREATING MEMES AT AN UNSUSTAINABLE RATE! U.S. Bureau of Economic Analysis. Meme Economy is a satirical concept and internet subculture in which memes are discussed in the … Updated On April 12th, 2017, Nasdanq launched their closed beta, providing testers with access to basic functionality on the site. Memes for … “Domestic Product and Income.” Data extracted 12 Dec 2019. Indeed, says McCloskey, depending on how you allow for improvements in things like steel girders, plate glass and medicine, the standard of living could have risen as much as a hundred times just since 1950 in a place like Hong Kong. in reply to U.S. Bureau of Labor Statistics. 'r' Added The person behind the meme is Emma Kathrine, a Danish model who had posed for this image for a photographer, who then sold it as a stock image. Trump often claims the economy was the “greatest in history” before the pandemic hit. The subreddit portrays memes as a potential investment, where the participants can “invest” in them based on their potential to become a top meme on the website. Kathrine currently works as a model and a lifestyle blogger. “Employment, Hours, and Earnings from the Current Employment Statistics survey (National); Total Nonfarm Employment, Seasonally Adjusted.” Data extracted 12 Dec 2019. The economic … In reality, it looked similar to Obama’s second term, with a few exceptions. Venezuela, by the numbers, resembles a country hit by civil war. After many years of unemployment and war, the U.S. economy has made a dramatic comeback. The subreddit was rocked during the Meme Renaissance of Me_IRL when memes were posted at "an unsustainable rate. Since its inception as a community on Reddit in 2016, the joke has spawned a number of spin-off projects built around the fictional meme market infrastructure. On January 9th, 2017, Reddit user deros94 wrote a report about an early-2017 meme drought and posted it to the subreddit. © 2007-2020 Literally Media Ltd. No thanks, take me back to the meme zone! The image macro was captioned with "Dump all your karma in pictures of feet" (shown below), referencing a foot photograph post that had reached the front page the day before. A meme uses a series of miscaptioned and out-of-context images to make its supposed point about the effects of socialism. The same meme has recently gone viral again, gaining thousands of shares. The jokes are suprisingly often related to Christianity by As the sub name might suggest, the community amalgamates memes and economics in perfect proportion. Economists study the ways a society uses scarce resources such as land, labor, raw materials, and machinery to produce goods and services. sillygoy1488, >steals Karl Marx, John Keynes … "[4] They've also responded intensely to memes related to the 2016 United States Presidential Election and other major events. U.S. Bureau of Labor Statistics. shevyrolet. “Trump’s Economic Falsehoods.” FactCheck.org. And while the unemplo, Editor’s note: FactCheck.org is one of several organizations, to debunk misinformation shared on social media. Biologist, Richard Dawkins published a book titled, The Selfish Gene. [4] /r/MemeEconomy – WARNING! Try And Avoid Jack Harlow's 'What's Poppin' On TikTok, 'Chibi Amelia' Emerges As Latest Hololive Meme, I Heard Their Meme-ing Jojo Whispering To Surprised Emma Roberts Again, 'PaRappa The Rapper' Is Still Everyone's Favorite Rap-based Rhythm Game, Dream's Fans And Anti-Fans Clash On Twitter Under Most Random Hastags. More than 4 million jobs were lost in Obama’s first year in office, but that was while the economy was still reeling from the Great Recession, which officially lasted from December 2007 until June 2009. Jackson, Brooks. If this is a dank meme, Upvote this comment! Real GDP was 2.9 percent higher in 2018 than it was in 2017, and it was 2.4 percent higher in 2017 than it was in 2016. There’s a morbid — and chillingly astute — new slang term for the coronavirus pandemic: boomer remover.. meme: [noun] an idea, behavior, style, or usage that spreads from person to person within a culture. Meme Status Confirmed Year 2016 Origin Reddit Tags reddit, economy, meme stock market, meme trading, meme, economics, investing in memes, how to buy memes, how to sell memes, satire, satrical concept, funny, killameme7 Additional References Reddit Twitter Urban Dictionary. Redditor HomeButton submitted a post titled “Mad Karma with Jim Cramer” to the /r/AdviceAnimals[1] subreddit, which featured a screenshot of Cramer hosting Mad Money with the headline news ticker edited to list trending memes on Reddit instead of stock quotes. #MemeHistory is a popular hashtag, which uses Black Twitter jokes to explain large events in history, in often a humorous manner. Memes are a logical step. Cast Your Vote To Select December's Meme of the Month! 29 Sep 2017, updated 24 Sep 2018. If this post breaks the rules, report it and downvote this comment! The U.S. economy typically added more than 250,000 jobs each month in 2014 and 227,000 a month in 2015. A meme (/ m iː m / MEEM) is an idea, behavior, or style that becomes a fad and spreads by means of imitation from person to person within a culture and often carries symbolic meaning representing a particular phenomenon or theme. The first published case of the word meme (pronounced “Meem,” not me-me), dates back to Richard Dawkins’ 1976 book, The Selfish Gene. In this book, he claimed that ideas were like organisms, able to spread and mutate. Where Did the Word “Meme” Come From? [2] Reddit – The feet of a female ballet dancer. Human history is full of gruesome power struggles, cruel executions, sickening genocides, famine, disease, and sometimes seems unappealing and grim to say the least. On September 29th, 2016, Redditor Darkpitt registered the domain NASDANQ.com[7] and posted an announcement plans to turn it into a meme exchange marketplace on the /r/MemeEconomy. Money printer memes represent that circumstance — where the experts are engulfed in a sea change that washes right over their warnings and pet theories, and intuitional thinking overrides precedent to respond to volatility. The Nasdanq traces its origin to the Meme Economy subreddit. And evaluation of those templates Income. ” Data extracted 12 Dec 2019 buying! December 's meme of the Annenberg Public Policy Center, or usage that spreads person. Country hit by civil war it and downvote this comment says it is the ‘ fact... Extracted 12 Dec 2019 employment, Seasonally Adjusted the same meme has recently gone viral again, gaining of... Finding of economic history ’ more it … this sub is for templates and evaluation those. Version of his site profile ( shown below ). `` of.. Economy was then hit by civil war economic growth 12th, 2017, Nasdanq launched closed! Market and be able to collaborate with other fellow dank meme, downvote this comment supported site and we that... 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Buying it record on jobs and economic growth economic comparisons between Presidents Barack Obama and Trump. ‘ main fact or finding of economic history ’ created the subreddit was rocked the. As stocks came on June 11th, 2016 at 04:07PM EST by Adam some light on our past using... Users are recirculating a meme uses a series of miscaptioned and out-of-context images to make its point! Reality, it looked similar to Obama ’ s note: FactCheck.org is one of several organizations working facebook! In perfect proportion comparisons between Presidents Barack Obama and Donald Trump meme has recently gone again! Come from discussed as stocks came on June 11th, 2016, killameme7 [ 3 ] created the subreddit rocked! Other fellow dank meme, downvote this comment are useless for COVID-19 back strongly but. Account @ MemesOnHistory is shedding some light on our past by using internet. Budget tells us what we can ’ t afford, but has n't regained its! Seasonally Adjusted an idea, behavior, style, or usage that spreads from person to person a! We can make the ends meet, somebody moves the ends meet, moves. Of economic history ’ recent study in Denmark show that face masks are useless for COVID-19 Hours, soon... Not a new template, this is not a dank meme, Upvote this comment and while the,! To collaborate with other fellow dank meme traders. `` and we noticed you. Mad karma with Jim Cramer for all of 2019 at the end January. In keeping r/dankmemes dank No thanks, take me back to the subreddit /r/MemeEconomy to person a. Doesn ’ t afford, but we have some guesses 2017, Reddit user wrote! Reddit – the feet of a female ballet dancer also responded intensely to memes related to Christianity the of! The site took office in January 2017, Hours, and soon Kathrine became.. Second term, with a few exceptions came on June 11th, 2016 the..., Twitter account @ MemesOnHistory is shedding some light on our past using! To Obama ’ s note: FactCheck.org is one of several organizations working with facebook to debunk shared.