/biz/ - Business & Finance

>>53934013
>>53934045
this is why i laugh at videos of elderly abuse by 300lbs sheboons in nursing homes. you get what you deserve.

>>53918124
>People trading stocks do nothing for the actual economy
Right and the white collar managerial class does? LoL LMAO even. Once you reach the part of the argument where you have to invoke Neo-liberal/con satanic slave morality you have lost.
>YOU MUST BE A WAGE SLAVE OR THAT'S HECKIN IMMORAL
Kill yourself.

>>53646933
>>53647019
I literally do not know anyone thats redpilled that truly believes society can last another 10-20 years without some very catastrophic event.

the median US salary has eclipsed median real estate prices. making $40k now in the US you cannot afford the average $400k house at the current interest rates over 30 years. Almost every entry level normie job like a clerk or working at restaurants no longer pays enough to even be able to afford rent in certain cities.

Nobody knows their neighbors anymore, political tensions are rising, and the white population is declining as we approach a total demographic collapse.

Thanks, boomers.

https://youtu.be/Y4HVJvTGbkc

>>53289178

>>50785334
It wasn't sustainable, hence our present situation.
Man is college frat boy at heart, the party will never end until it unexpectedly does.

>>49757804
>Prove it
Suck my dick, boomer.

>>28337537
No, even normies are starting to awake

https://old.reddit.com/r/canada/comments/l1ba9c/bank_of_canada_will_hold_current_level_of_policy/

https://old.reddit.com/r/canada/comments/kevfts/inflation_accelerates_in_canada_to_fastest_since/

https://old.reddit.com/r/canada/comments/jwpwf3/food_prices_drive_canadas_inflation_rate_higher/

>>24242308
>>24242418
>>24242446
>>24242472
This was all fine to a certain point until one understand that the usd was convertible to gold and countries like france demanded the gold in exchange of the usd.

The game theory behind the bretton woods was simple nations WERE FORCED to balance budgets since they could not print usds and the usa WAS FORCED to balance budgets since it could not print gold.

But in 1971 this unbalance was so great that nixon broke the gold standard and the world entered into something that never happened since the dark ages.

A system based on nothing and no game theory , the usa could print whatever the hell it wanted and other countries could also print what they wanted since now all currencies were floating against each other.

This is all fine if there is demand for those inflated currencies thus globalism and opening china , if the velocity of money goes up it's irrelevant to some level how much you print since the demand for said currency also goes up.

https://fred.stlouisfed.org/series/M2V

>>24075751

>>23991698
this thread gets more based with every reply

Friendly reminder this is boomer's fault.

Why do people still support central banking?

We've had a deflationary free banking economy in the past(late 1800s) and it was much more successful and the economy grew more than our current economy?

I mean while would a young person support central banking when it does nothing but help boomers and increase the value of their houses?

GUYS WHAT EVEN IS "LINK" bruh idk what it even is?!? CAN SOMEONE PLEASE TELL ME W.W.W.W???? How do i buy and trade it, what even is it!

arghh jiebef hb hhwej

>>15036339
So bonds are kind of like stocks that people buy them and expect the price to go up. The thing is, no one says "omg my $1000 bond is now worth $1,100, to the moon!", they say "bond yields have declined .3% since I bought in, to the moon!". So when bonds moon, yield goes down, like 2%. But it's actually much worse than that. Central banks print money from nothing, and buy bonds with it. This drives the price up and yields down. This has happened so much, that 15% of the world's government debt has NEGATIVE INTEREST RATES. Yes, if you loan money to Switzerland (or a number of various countries), you will literally pay them for the privilege. This isn't an exaggeration, conspiracy or fake news. You give them $1000 and in 10 years they give you $990. Why would anyone do this? Because they expect that in a year or two, the yield will go down even further and you will be getting $950, meaning they profited of of the capital gain. The genius central bankers all over the world think this is normal and good. Thanks for reading my blog post.

I've been working at the same company my whole life. For 3 years during college I was an intern. Once I graduated, they gave me a crappy permanent position doing something I was over qualified for, as a stepping stone to hold me over for when a position opened up that suited my skills. This new position opened up much more quickly than anyone was expecting (was supposed to wait 6 months and I got it 3 weeks after starting the crappy job.) I will stay at this new job about 3-5 more years, by which time I will either move out of the state and have to apply for totally new jobs, or I will be eligible for another promotion at the same company. My question is do I put the crappy job on my resume even though I worked there for a less than a month?

tl;dr: if you worked at a job for a month would you put it on your resume?

I'd like all professional wagecuck's opinion on this.

I graduated with a Bachelor's in civil engineering. Now I have a choice between 2 jobs:
1)
>working easy chill job on computer emailing, but not really engineering related which will look bad if I try to apply to an engineering company
>45k for 6 months then a raise to 65k
>comfy cubicle in huge office building, super easy commute home in 15 min
>have several friends here from college

Or 2)
>work as a construction inspector, watching contractor work outside all day everyday in cold weather too
>72k but I drive my car quite a lot and don't get reimbursed
>outside all the time, 1:15 long commute time
>know no one

Which one would you guys prefer?

Inb4 go all in on link. Already am, need money to accumulate more

>>12520055
BTC is not backed by a commodity. It's backed solely by demand and faith.

Yes, the most desired fiat currency (backed by a GDP) is "more stable" than imaginary currency with nothing backing it. What is your point? Compared to gold, USD is about as stable as bitcoin.

>>12487130
You're going to be surprised when the US loses world reserve currency status and the honor goes to China who is hoarding gold right now so they can have a commodity backed yuan.

Keep embracing that fiat slavery system where a little bit of your wealth evaporates every day.

https://youtu.be/cmvlvKLhwfM

>>12479339
I would say that my point is that we are living under an unsustainable system where inflation persists indefinitely. This is not wholesome, it is the result of a vampiric banking system where a handful of wealthy elite skim the cream off of the top and the remaining 99.99999% continue to get poorer and poorer every single day.

Your analogy is that a commodity (housing) is increasing in value because of increase in demand (more people). I'm saying that the exact opposite is happening with USD fiat currency. Under the fractional reserve system a higher demand for dollars makes them LESS valuable. How the fuck is that possible? The banks literally pull the money out of thin air to infinity by legally loaning out money that they do not have.

The simple supply and demand explanation that you offer is true but it is exponentially compounded by the fractional reserve banking system.

>Why don't you get a summer job to pay for college? What's what I did
>I don't see why you don't own your own car yet, I bought my first car at 16
>I got it for $100 from a friend
>Just ask around for a job
>Look, if you want to go to college you have to just go apply for Pell Grants, the money is there waiting, if you're too lazy to apply you don't deserve to go to college