/biz/ - Business & Finance

>>24485825
And the commie has been exposed, you fucking retards don't even understand what's going on.

1971 minimum wage is paying income tax adjusted for inflation.

Ask a boomer their first job and update the wage they tell you for real estate inflation.

Keynsian economics are the biggest creators of poverty in the western world.

>>24279714
Yes but bitcoin will survive this shit due to geographic immunity.

But they want to cuck "first world exchanges" to ban cash and enslave everyone.
Fuck this keynsian bastards.

>>24242308
>>24242418
>>24242446
But it also gave the whole of europe a golden age as a stable and abundant currency was introduced.

Eventually in the 19th 20th century gold was used as the reserve of fiat currencies.

This meant that governments WERE FORCED to balance budgets since they could not print more gold.

So from 19th century to 1939 the world prospered in some way constantly even if with massive wars.
But at the end of the war the powers united at bretton woods to create a new world trade system but there were a few problems.

1_The soviets did not attend.
2_They had insane ammount of armies relative to western powers in europe.
3_All western powers minus the usa were destroyed.

The idea was to avoid the problems that gold had by creating a global currency called the bancor so central banks could trade with each other and devaluate against that currency if needed.
But the usa smartly opposed this since in the case of the soviets marching west they were the only ones capable of financing the defense of europe.
So at the end on bretton woods instead of the bancor something differnet happened the us dollar was adopted as the reserve currency backed in gold and all other currencies were going to be backed in us dollars.

So in the case of a war with the soviets the usa could inflate the usd and break the parity to finance the defense of europe.
But that did not happened directly what happened was that after the korean war and eventually the vietnam war and LBJ programs i may add the usa broke the parity with gold.

>>23991669
Stay strong i know how bad inflation is.

>share your knowledge I am so fucking proud of this post

I always do we are on a spiritual & moral war here ,it's not about money , it's not about religion , it's not about race, it's not about nation.
It's about those that want to enslave us having sold most of society a slave morality so they like their chains.

ENOUGH IS ENOUGH time to cut those chains and retake our future , they may have bribed the boomers by leting them buy assets in the gold era standard then inflating (thus making those assets more worthy) , but they sure as hell are not bribing us this time.

WE ARE RETAKING THE WORLD THE KEYNSIANS TOOK FROM US.
AND THE BOOMERS THAT SOLD TO THIS SYSTEM OR KEYNSIAN MERCENARIES WON'T CHANGE MY FUCKING MIND.

KEEP SENDING SHILLS TO FUD I WON'T SELL AND I KNOW WE ARE MILLIONS OF THE SAME OPINION.

>>23958239

>You think US inflation and monetary fuckery is bad? It gets worse.

Tell me about it here in Argentina lmao, but the thing is that when the usd devaluates so does the rest of the world to keep the paritiy to the usd.
Ever since the world left bretton woods and went due to it to a unique in history total fiat standard all currencies are devaluating to 0.

The usd eur rate can be the same for a decade but relative to things with low supply like real estate both went down in price(and now that bitcoin has lower inflation than fiat relative to bitcoin).
Hence why davos glohobomo want to ban house ownership & crypto , both make a great thermometer of the plebian enslavement by fiat currency.

>Venezuela should be worse

Venezuela is hell and will become worse , here in Argentina we are full of venezuelan refugees and they keep coming despite or minimum wage moving below haiti levels due to foro of sao paulo keynsian retardation.

>but we've been hearing that China is going to eat up the world for a while now and it's completely ridiculous and borderline insulting.

it's propaganda , something the usa should had never stoped doing at the end of the cold war.
The eu is doing hell even the germans are investing a lot in dw expanding now to do propaganda.
The chinese meme is a meme yes but they invested hard in infrastructure while the west used 49 years of fiat currency to expand gibs and create an age of decadency.

>I'm not some flag waving xenophobe - I only care about the facts.

I know anon never said that.

>>23693660
Sure it does not cares but there are literally fabian COMMUNISTS supporting biden.

Just look at the first debate

Trump:Do you support the new green deal?
Biden: No
5 minutes later
Biden: The new grean deal will pay for itself.

The democrats are fully onboard of the great reset, the abolition of cash , crypto & gold and taxing guns to the point nobody will be allowed to own one.

>>23599723
Well someone won me this time and posted it first.

>>23599487
The end of gold standard ended the capital accumulation process as politicians were allowed to finance deficits non stop with printing , meaning that inflation destroyed from the poor to the higher middle class in a period of 49 years.

The problem is not inequality , the problem is that as cost of living increase since 1971, higher and higher classes can accumulate less wealth and thus invest less and become more dependent of already existing players.

First the poor were not able to buy houses , then it was 15 year mortgages for the middle classes , then 30 years mortgages to buy a house , then after 2008 not even that , now everyone is renting and not able to save shit at the end of the day so those with already existing investments get richer while the rest can't even save due to lack of capital accumulation.

This is literally inequality by socialism destroying capitalism which as it's name say is about capital.
A large percentage of the population is now banned from accumulating capital and central bank response to this revolutionary effect is researching into CBDCs to push behavorial economics and programmable money where if you don't spend it after x ammount of time you lost it , literally returning to feudalism.

People seem to forget that capitalism destroyed feudalism, now that after 1971 capitalism was destroyed , feudalism is making a comeback and socialism or state intervention will only accelerate the trend.

Only strong money like bitcoin, gold or monero making a comeback can revert the trend.

>>23586516
They will be taxed to hell , they are pushing for fabian communism after 49 years of fabian socialism.

https://wtfhappenedin1971.com/

Buy bitcoin, ethereum and monero, the soviet union fell on itself , and so will this shit.

Klaus Schwab thinks he can somehow push the globohomo agenda to reduce the entropy of the world systems when in reality historically new systems were born while old entropic systems collapsed through war.

But this time war is not possible due to nukes, so the old systems instead of dying to entropy will tax the shit out of everyone and turn them into serfs Diocletian reforms style, until there is nothing left to steal and the system collapses on itself.

Basically based people will regroup in a new crypto based system while normies will get to die as the slaves they are in the old dying system.

So you better accumulate as much btc as you can so you can be part of the group of people regrouping at a certain geographical area.

Don't worry about government repercussions or tax shit the collapse that is starting is worse than the roman third century governments won't even have the power to remove illegal african street sellers as they will be focused on enslaving by tax everyone to barely survive.

>>23136017
There was a game theory behind the system designed in the post war , and before the post war countries used gold as backing anyway.

The bretton woods system was easy

The usd was backed in gold and the rest of the western world and japan used the usd as reserve.

So the usd could not print money and politicians finance gibsmedat with inflation since the usd was exchangeable for gold.
At the same time japan , france or any other country could not inflate their currency since their currencies were backed in usd (which was fixed to gold).

So the game theory forced politicians to balance budgets to mantain the parity to the usd and the usa politicians were forced to maintain a budget to maintan a parity with gold.

And gold HAS A NATURAL INFLATION BELLOW 2% PER YEAR, and i mean a real inflation rate , not the bullshit indexes that are altered.

So what happened after August 15, 1971?

Nixon opened the pandora box , a few years later inflation got out of control , then they removed real estate from inflation indexes to hide it , and outsourcing to china with slave wages to hide the lost purchasing power.

https://wtfhappenedin1971home.files.wordpress.com/2020/06/7dc2e053-b6dc-471e-a41b-1aac52be41f5.jpg

Not to mention that at the same time since nixon broke bretton woods , since now currencies had a parity to an inflated usd , started to inflate too.

So basically since 1971 every currency is devaluating constantly relative to fixed assets like real estate.

1 euro is 1,18 usd but relative to real estate both are going down since both are inflating.

>>18855835
California vs new york death rate begs to differ.

California founded under libertarian ideals with an anti mass transit housing system is doing way way better than all the welfare states(even tough both are controlled by leftists).

Non government intervention is saving lifes.

The governments fucked up the usa is losing 450 jobs for every death.

Whether the virus is real or overstated doesn't fucking matter. The economy was blowing up before it happened. Think Repos. Either way we will be eating our pets soon just so the Fed bankers and a few politicians can be a little richer. We need some 60's shit where everyone just "dropped out" and quit participating in the dying corrupt USD based economic system. No one should ever pay taxes to these retards again because they literally print that shit for free out of thin air. America is fucking OVER

Let me get this straight. Last night, put options against the stock market got maxed out to the legal limit.

Today, as soon as the stock market opened it crashed to the point where a "circuit breaker" was activated, which stopped all trading.

And this is the third "circuit breaker" activated in a week? And we're already at 2008 crash levels, and still going down? And there's nothing to stop this freefall because our economy is frozen because of corona quarantine?

>>17630523
>t middleman that get's a fee for processing the theft.

>>17555169
I waged for about 5 years after college, but it was in a field of my choosing and I found the work to be interesting.

But I'm not really built like that, seeing my parents start and operate a eventually successful small business from the very start of my life gave me a different attitude. I went to a great private high school that prepped me for college, I got into a great school, and got job offers my senior year, like most people i knew. I took one, worked, crypto happened, reinvestments were made, and then it's now.

I've begun to realize that certain stressors don't make you stronger, but that they act like poisons and weaken you. I think "losing your true self" is an example of that... I don't think it actually reminds you to find it, I think it just hurts you the longer you do it.

I used to think the way you do, but I don't anymore, and my new way of thinking has caused me to really value myself and my time. Though perhaps we're arriving at the same conclusion through different avenues.

pic related

>>17139932
it's happening everywere ,countries with full employment like the us or chile are imploding socially because even those that did everything right are forced out of the housing market , can't buy shit due to taxes.

So far they supressed this shit with social media and telling everyone born after 1985 to travel and spend money because muh happines, now you have 30 years old that don't have anything to live for.

And all this shit is happening on a growing economy mind you, we are in the calm before a massive disaster.

>>17139921
>EU has crazy youth unemployment rates, it definitely needs more public spending and lower taxes (and a weaker euro)

But the reason of the crazy youth unemployment is crazy taxes and regulations.
Look at spain boomer pensions are higher than milenials minimum wages.

And the boomers keep voting keynsian socialist to tax the youth, and this is happening with most boomers still working.

It's going to be a cathastrophe the us is the only western nation attempting to change this.

Canada , Australia , the eu , latin america , everyone else fell for the keynsian meme of high spending high taxes and their economies are slowing down hard.

>>16594042
should bitcoin fail i would go all in into Monero or whatever follows it and improves on it.

Without crypto we are doomed to live in a neofeudal cashless society with negative interest rates.

If they want -1% negative interest rates to pump the economy what's to stop the central banks after the economy stops and they go to -3% negative rates or -7%? until they go to -100% and people are no longer paid with cash but with coupons that expire if they don't consume that month.

A society divided by asset owning classes and non asset owning serfs.

Fuck that shit , crypto is mankind last hope for a free world , it's 3 choices.

1_The one mentioned above of keynsian enslavement with social credit system and state eugenics to breed a slave population(china, the eu, canada and unexpectedly with trump the usa is going there).

2_Marxist decay venezuela style with nationalisations and confiscation, eventually leading to hyperinflation(argentina, egypt, iran , pakistan ,india and turkey are now entering this path hard)

3_The third path is very hard correction with crypto to fix the post bretton woods system i mean correction because it will be recessive at first when the govs can't pump the economy , but eventually the politicians when they are out of tools will have to finally fix the harsh problems such as massive state deficits or regulations.

This path can be a little anarchical at first but anyone with 3 digits iq can see it's the last and best hope for mankind to survive this century.

What we are seeing now is the digital technology that gave us freedom for the last 20 years being turn into a tool to supress freedom(automatic taxation in sites like ebay, phonefags being monitored 100%, kyc in everything).

Crypto is the last hope i choose the third path , i don't give a shit what a boomer says , they got us into the problem.

>>16464806
>i make good money for my age of 27 doing manual labour as well, close to 30 an hour sounds great, but retard boomers cant fathom that price of rent in someone's basement goes for 1.6k-2k. i highly doubt they had to pay as much of a rent than we ever had to, and yet they try to make comparison, truely delusional

They could buy a house for the cost of 2 years of their income in an unskilled job.

>>16404614
Just finish college, fag. Then you can do whatever you want. Having a degree means that it's less likely for you to end up in the streets, that other people will see you as smart enough to finish college and thus your opinion will be regarded with enough autority to be taken half seriously by the normies, also learning how to pass the tests unlocks a hidden perk that is that of optimizing time to be more productive and be able to do more shit in less time. Of course this last thing can be learned outside of college but always remind yourself that most people DON'T LEARN HOW TO DO IT, so don't dare to think that just because you read in 4chan that the college is a meme you know everything about college. The ONLY universally good thing that every owner of a college degree learns is to optimize time, and this skill is extremelly difficult to learn outside of college because outside nobody fucking expects nothing from you, and nobody will tell you that you have failed, or that you have passed, so without this OBVIOUS and TRANSPARENT information about this "profit and loss" you can't really know if you are improving on time optimization or not.

Time is the only resource that cannot be bought or made, so to learn how to optimize it is of utmost importance for every human being with some regard of himself. The ability optimize time and low vs high time preference is the main difference between rich and poor people, and those two characteristics are extremely correlated.

Most succesful people that have dropped college have adquired these characteristics and thus they didn't felt the need to continue further into their degree, for they had the vision to start a business and for that you don't need a degree. HOWEVER this is not to say that college was a waste of time for them, because as college FORCES you to learn how to optimize time and to cast certain things aside to study(aka to have a low time preference).

TLDR if you leave now you'll have learnt nothing

>>15919883
No , never been.

>>15919854
We will make it.

>>15919833
I changed my lifestyle and dedicated 100% to freelancing in 2017 because i could see the writing on the wall.

That said i could have not expected the population of being so retarded to vote literal commies with 15%+ advantage.

Good thing my autism was right again and i am ready but that said i am terrible angry this is the era of our civilization i have to endure.

I could be having kids in my own home and enjoying weekends and a vacation then and then.
But no i have to freelance 24/7 to escape the boomer inflation and retardation , then i need to use crypto to get my income because the boomer retards made it hard to literally bring foreign currency to the country because who knows , and then i have to get raped by fees.

Even then it's better than a local job where i am taxed to death and inflation destroy my wages.
But still , things are going to get a lot worse before they improve.

>>15797140
See the yellow vests?That's comming all over the world in the next two years , you fucking boomers don't understand how bad things are for the youth worldwide.

10 years of quantitative easing pumped boomer assets and raped an entire generation worldwide for every time the usd or euro inflated other governments did even more which is why the usd remains the strongest currency.

An entire generation is sadly blackpilled as fuck for how bad things truly are , incels , crazies , roasty travelling non stop without life goals , investing in shitcoins , sharing economy , and now finally deflation are caused by what your generation did to ours.

We can't save anymore , we lack goals because we been fucked by the state , every milenial that did what they been told ended up equally fucked without a home of their own , worse than their parents and waiting for the start of their lifes in a world that only sees them as tax batteries.

We're already in the middle of it.

>>15599393
>the future of the western civilization
Probably nothing too extravagant and violent. People are too sedated for things like that now.

>>15544424
>>15544201
Kek the worse crap it's that it was shitty quality not that i am fat fuck this shit.

>>15544243
Even if you could somehow ship it things are so fucked up that your chair would be detained at customs until i show my tax info and pay a importation fee , then i have to pay for the national post again(even if you already paid) , things are so fucked up here , the people been domesticated into literal slavery.

>>15544189
I will simply fix it , this entire post was myself sperging about how things go to shit when they seem to be going perfectly.

It's always the same fucking shit the quality of everything is decreasing fast nothing is stable.

>>15544483
This is unironically a good idea.

>>15504890
We are living on borrowed time on every western country.