/biz/ - Business & Finance

no worries stay positive :)

The amount of threads on /biz today about the coming crash is terrifying (I made one admittedly).

Zerohedge is far more panicky than usual.

IMF just suggested shit is about to hit the fan.

Strap in lads. Pms guns crypto ammo

>>11354484
the debt means literally nothing. trump has already told the world court amd wto to fuck off. we are about to become the only superpower left on the block. china is unironically finished and russia was never any threat.

>>11354549
>the debt means literally nothing
See you next year, drumpfag.

>>11354484

How will it work once space colonies are established and inevitably declare independence? They'll have a completely clean slate.

>>11354484
>>11354484
i dont get it
why cant we just wipe out all debt
they dont have the money anyway

>>11355845
Because the yids want your livelihood

Unironically, this shit is why Hitler rose to power. Told kikes to take a hike and Churchill being the good goy that he is attacked Germany only because they decoupled from international kikery. Look it up

>>11354484

>>11355957

>>11354549
>he doesn't understand economics and thinks that if the US says fuck off all problems will magically go away without affecting the global market that is all linked together.

Remember faggot, if you make a dollar that means somebody lost a dollar. The downfall of others might drag you down with them.

The national debt is meaningless, right guys? Liberals told me so

>>11354549
hahahaha good old muhmerican brainfart

>>11355957
>>11355964
question is how do we hedge ? I'm currently all in on crypto... should i sell and go into gold or hodl crypto ? what are the options ?

>>11355838
you have too much faith in humanity

>>11354484
strange, Global Debt is imaginary, just a number that only exists in Jewish records...but we base everything off of it. Just as the Jews want. We play right into their game and thats why we always lose.

>tfw literally have 1488oz of silver

>>11355971
To be fair, the US could literally tell the world to fuck off. We have literally everything we need as far as resources and arable land goes

>>11354508
The thing is - there was a TON of fear around the time Bitcoin was $2K, $3K - all the way up to $19K with much less panic about dumping at the top than the beginning of the bull run.

This makes me think we have a multiyear rally before the real dampening begins.

>>11354484
who would even collect in a global debt?

Ok no one cares about all your other shit, I'll ask the only question that matters. What does this mean for Chainlink?

>>11356096
No one. It's the sudden realization those who you loaned money to won't pay it back.
By design.

>>11356096
(((Them)))

>>11356115
That's what i thought, so realistically could the global debt just rise to infinity if no one cares?

>>11356137
Nah they'll start another global war to cull the herd and clear the sheets

>>11355845
>why cant we just wipe out all debt
You can, like in the 30s. Nice times, right?

>>11356068
Except most of our tech & manufacturing comes from Asia

>>11354508

Good luck, world. Its almost quitting time. Forever.

>>11354484
This is the best news for us. We all have a few thousand in crypto. If you are a filthy nocoiner your life is going to hell.

>>11356137
The problem is when somebody, or more specifically some country, all of a sudden says "Hey guys, I'm gonna need that money back sooner rather than later so I'm going to increase the interest on the debt I put out". This is what the american government is doing now, which forces a lot of people to cash out on investments including stocks, property, the metals, and possibly crypto. More importantly, there are entire countries who are in debt to the US by a fuck ton, which means they need to exchange more of their currency for USD, which makes their own currency worth less which means they need to print more which means its worth less etc. etc.. This is why so many currencies are failing.

>>11356166
So we'll be set back a few years. If we go total war mode it'll sprout up quick enough. Everything is designed here

>>11354508
Everyone is shilling a crash. There isn't going to be a crash. It's just an attempt to attack Trump.

>>11356068
If the US really told everyone to fuck off do you know how much of our population would have to pick up labor intensive blue-collar jobs? Do you realize how much we'd have to rip up the entire continent to keep even close to our standard of living? It would end the American city and country all at once because there would be no more city jobs to have and no land cheap enough because of their resources to own for yourself anymore. You'd be stuck in a small town mining your days away for pennies, as would every single other American not currently rich.

>>11356055
Weak stack tbqh familia.

>>11356068
No you literally can't. The US imports more than it exports meaning your society is dependent on foreign trade.

source:
https://www.constructconnect.com/blog/economy/reality-u-s-foreign-trade-6-graphs/

>>11356072
the next big short start with the dow at 30k, screencap, don't tell anybody

>>11356512
Tbf there's a big difference between living without Chinese plastic toys & cheap microwaves than food. I'd rather be on our side.

>>11356271
Boo hoo, people would have to work. Work or die

>>11356559
>he thinks the only imports products "stuff"

The US can't survive a week without importing oil alone you brainlet.

>>11356658
the us is on pace to become a net oil exporter within a few years kek

>>11356068
>arable land
all the good land in america either catchs on fire every year, is hit by a hurricane, or covered in corn.
good luck mutts

>>11356068
>>11354549
And here we see Amerifats showing off their amazing education system, with their understanding of their own country's economics.

>>11356658
https://money.cnn.com/2016/01/29/investing/us-oil-exports-begin/index.html
https://www.forbes.com/sites/simonlack/2018/06/04/americas-path-to-energy-independence-the-shale-revolution/#625875467554

Not to even mention a few hundred marines could literally walk into Canada ...

>>11354484
Really bad depression, worse than 30's, is inevitable and the emerging markets chaos will spread globally, that is just the first taste what is to come. So you need to now how to manage money to survive next 10 years

>>11356068
Of course. Get ready for $1000 Walmart tshirts.

>>11356738
WWI
> US gets involved at the end - makes bank on war production
WWII
> US comes in at the last minute after soaking up 2/3 of the world's gold producing war machines.
> Rest of the world agrees to use gold back US dollar.
> US gets rid of the gold standard -> sells debt
> US forgives all debt
US literally keeps fucking over the world. And the world has this "holier than tho" attitude while having 0 awareness of what's happening. Literal top kek

>>11354484
Let it burn

Expect unemployment to sky rocket in western world, housing go belly up, and the final stage is hyper inflation + civil unrest + wars + civil wars

>>11355769

> unironically believing muhBernie would have done anything to address debt with his "free shit for everyone, no borders, come on in" policy

Another thread full of geniuses who have no understanding of sovereign debt.

>>11356796
housing won't go belly up, landlords will just raise their rents

>>11354484
how can there be global debt?

who is the world in debt to? aliens?

>>11356831
Reptilians and illuminati.

>>11356738
kek, land of the (brain)free

>>11356831
the point is that it's a chain of ious.
and in this economy, whenever someone issues credit, they're essentially creating money out of air.
the problem is when people start to over extend themselves based on credit they don't have and won't ever get paid back.

are you really this dense?

>>11356831
Households, Corporations, Governments are in debt to central banks, commercial banks and other financial institutions.

>>11356821
you are spending around 50-60% on military, I doubt Bernie would have upped that

>>11355957
That would be ironic if it actually happens right after he tweeted it. hahaha. fuck!

>>11356024
gold

>>11356771
so 1 link?

>>11356024
inverse vix and triple bear etfs

Why doesnt everyone just agree to default on everything and start over?

>>11357309
when have we ever agreed on anything? we cant even agree in this thread.

>>11357309
that's called a jubilee

i can't even begin to explain why that would cause mass catastrophe and probably a war that would last for the following 25 years.

I mean it's not a bad idea.

Who are the creditors?

>>11354484
you know the debt can never been payed right? those numbers are meaningless

>>11356831
just the banks

>>11354549
Ri fucking Dick u lose!!!

>>11354484

I have an idea. How about we just don't pay it back.

Fuck'em

More debt than money discussion.

>the level of understanding of economics of ameriburgers in this thread

My god america is really about to fall from grace just because of the stupidity of its citizens

Fuck you dumb Euroshits. Nukes will fly before I pay a single fucking dime

>>11354484
debt is money OP. a dollar bill is literally nothing more than a physically hypothecated constantly maturing zero coupon treasury note. BUT YOU DON'T NEED TO BE SCARED. if debt is money, the more debt there is, the more money there is! we're all gonna be RICH!

>>11358972
damn those guys are rich as fuck huh?

>>11358984
yes, look how much money they have

>>11358993
yes, central banking is a real life miracle.

>>11359004
we're ALL going to make it

>>11358993
>>11358984
>>11358972
Kek

>>11358972
This. The government just has to print more money and give a universal basic income of 100k to everyone so we can all be rich

>>11359176
We all know that the deep state have the cold hard cash but would spend it on a quagmire military intent at world domination/stuffin' their pockets with tax-payers' money

>>11354484
>uncage the phoenix
anyone else have a bad feeling that the derivatives market is ready to explode? this is bad frens

>>11355989
>The US government can't default because it can just print more money, r-right?

>>11357096
Bernie's healthcare plan would have dwarfed military spending

>>11359332
>The US government can't default because it has the strongest military, r-right?

>>11359313
PLAY STUPID (((GAMES))), WIN STUPID PRIZES

>>11356174
https://www.youtube.com/watch?v=xGytDsqkQY8

>>11354484
is the ratio of debt to gdp the highest right now?

nomial figures to not matter much

>>11355989
>republicans gave the rich tax cuts this year

>>11359477
Debt to gdp is 60%
In japan its 220%

We are fine. Plus we got nukes

>>11356429
Your wrong. When compared to the population at large his stack is strong very strong.

>>11356729
>all the good land in america either catchs on fire every year, is hit by a hurricane, or covered in corn.

[Citation Needed]

>>11360074
>Florida
>California
>Mid-West

>>11354484
There is only one world leader with first hand experience wielding massive amounts of debt as negotiation leverage. US is going to come out of this on top.

>>11355838
that would work if it was still 1776 but 2018...mostly everybody is cancerous SJW. a new socieity in space would be the most cancerous thing ever witnessed. if FTL travel is figured out in my lifetime im getting in a spacecraft and just flying out somewhere and when my food and water stores run out im killing myself

>>11359810
sure buddy, we have the easter bunny too.

>>11354484
national debt doesn't matter, we don't even have to pay it if we don't feel like it.

What's that saying? "if you owe the bank a million dollars, you have a problem, but if you owe the bank a billion dollars, they have a problem"

the US can just tell everyone to eat shit. Might makes right, worse comes to worse we enter into some unnecessary war and make a few hundred trillion dollars.

>>11356068
Where will Trump get his hats made?

>>11358935
Based