/biz/ - Business & Finance

literally who

>>14311590
NEWFAGS GIT OUUT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

>>14311565
peter here. bitcoin is fool's gold, you don't own it, it is nothing and it has no uses! get out before the music stops and it goes to zero!

>>14311565
Was he part of the Prager-Shapiro axis of controlled opposition all along?

imagine being told about bitcoin and heavily shilled it when it was a dollar, 10 dollar, 100 dollar, 1000 dollar and never ever buying a single one just to see it hit 10k.

Everyone should understand this is most likely the man with the heaviest physical pain in the world of not buying bitcoin at a dollar.

>>14311565
I unironically like Peter Schiff, but he fundamentally doesn't understand the value proposition of Bitcoin. I just think he's too entrenched in the goldbug mindset that he can't get himself out

>>14311590
Leave

>>14311780
If he was smart, he'd create his own coin pegged to his gold. But boomers gonna boom I guess

>>14311780
Exhibit A of him not understanding it

Alex Jones has told stories on his show where he was offered thousands of free bitcoins and turned it down.

Boomers are so fucking stupid

>>14311565
confused boomer

>>14311785
>>14311596
>falling for a meme
>>14311780
the faggot , like all other faggot boomers is heavily invested in his meme, if it fails he dies in the most literal sense

>>14311780
Instead of btc he started a gold business.

He lost millions when he could have made tens of millions

He will always be eternally butthurt about crypto.

he could of put 500 dollars in and been set for life when he heard about it at 1 dollar kek

>>14311824
thats the same with gold and stocks

>>14311590
drown yourself in a vat of liquid gold newfag

>>14311861
And he’s lying.

>>14312040
That and the fact that Bitcoin is a hedge, or full-on bet against fiat and the current financial system. It's the same reason goldbugs hold gold.

>>14312040
Not stocks, the prices increase based on earnings.

>>14311565
Wonder how much this guy has lost his clients being invested in worthless gold miners

Does this sound familiar to anyone? kek

>>14311565
>when the banking cartels monkey hammers your boomer rocks another consecutive decade by opening 50 million bids in GLD daily and you could've simply HODL onto 500 BTC for $500 dollars a decade ago and now have been able to own all the above ground gold deposits by now with some leftover change on the side

lmao @ boomers

>>14312280
hahaha this guy never ceases to amaze me

bullish af

>>14312280
lol

>he's losing it
He never had it

>>14312280
he might even be CAPS LOCK ANON ;)

>>14312280
fucking kek

>>14311824

>Everyone cashed out exactly at the same time for the same price

>>14311565
If he wasn't Jewish would he be allowed on the jewish television?

>>14312280
>this is a suckers rally
classic buy signal

>>14312168
KEK
>business and finance

>>14312280
>This is a suckers rally

>>14311874
holy shit the JUST

>>14311824
little does he know im never fucking selling

>>14312345
>bullish af
^this
always do the opposite of what he says
>pic related
>filename related

>>14313962
He's right

Every word is true up until the last word
>down
Oldfags are ringing the cash register all the way UP

>>14313959
Kek based

>>14314000
>Oldfags are ringing the cash register all the way UP
>pepper ridge farm 'members

>>14313680
Kek except instead of going through greed, fear, anger denial etc schiff goes denial, denial, denial, denial

It's hilarious how butthurt he is over bitcoin, he's been trying to FUD constantly while watching it go up year after year. Typical boomer mentality refusing to adapt their analysis in the face of new information.

>>14311641
Has anyone got a JUST hair version of this or similar?

>>14311874

Why can boomers never *spell* when they grew up in America, speaking English? Did they just never read anything outside their school textbooks? Baffles me.

ITT: anons not understanding Schiff’s a bitcoin whale and this is just OPSEC

>>14312280
watching this boomer fiat cuck shill kike faggot be so incredibly wrong will be one of the pleasures of my life.

>>14311824
he's 100% right

This is how it will play out:
It will go up now, then trace back and everyone will be panicking as usual. Then in October when the recession hits it will go up even higher.

>>14316059
Crypto is going to collapse during a recession.
The entire crypto boom happened along with the lowest interest rates literally ever, and one of the longest continuous growth periods ever.

>>14316401
It might collapse in the long run but it will shoot up like gold before it does.

>>14316463
>shoot up like gold

>>14316401
I mean why would people stop wanting doing business during a recession? a recession is old people's bs.

gold might be safe but you can't do business with it, with crypto you can and it's not tied to old people's bs.

>>14316518
you're deluding yourself if you think crypto is anything but a super speculative investment at this point.
Maybe in 2030 when a double digit percentage of world's gdp relies on ethereum

>>14316493
>ignores 2012

>>14316588
there was no recession in 2012

>>14311824
And all the while Bitcoin steals actual worth from the dollar, maybe gold, and other currencies

>>14311824
Yep, he's right about that. People who HODLed their bitcoin from 20k all the way to 3k learned that lesson for sure lol.

>>14313959
baste

>>14316546
what are you saying? if fiat fail there is no reason to not use crypto to do business. if it doesn't, then who cares?

>>14316774
how is recession combined with fiat failing? recession means deflation

even though he is wrong about shiny rocks he is right about bitcorn. its a zero-sum game, for every dollar you make someone else must lose it. nobody actually uses bitcoin to buy stuff, 99.9% of all bitcoin trades are purely by speculators in hopes to sell it higher

>>14312280
the sad thing is he could be right about that, if it's a b wave bear market rally it's literally a suckers rally and we don't fucking know until it pops lol.

>>14316799
Miners mine bitcoin, so you're 100% wrong about everything in this post.

>>14316865
the only thing he's wrong about is that because of miners it's not a zero-sum game, it's a negative sum game.

>>14311824
He's pointing out that there is no liquidity in this market.

>>14311565
Fuck this kike
He’s been Jewing faggots for decades

>>14316784
I thought it was a lowering of economic growth? deflation is good

>>14317005
it's not good, it makes it impossible to pay debts

>>14314840

>>14313940
He was right about the danger of whales. He is forecasting shit like mtgox and the 90% retrace years in advance. No fucking boomer with financial sense is going to invest shit that can be Bognadoff'd with a cellphone call.

>>14317005
>deflation is good
the average /biz/let

>>14317022
I-is this why many *ahem* 'economists' that are linked to a certain spiritual group tend to see deflation as the best thing ever?
Have I been intellectually scammed this whole time?

>>14317022
>>14317088
ok brainlets. deflation is GOOD.
you are brainwhashed.
inflation means, that you're losing purchasing power. that means you're forced by the system to use your money. which creates waste and growth, hopefully. it is INEFFICIENT.

you think creating waste and losing the hard earned purchasing power is good?
BRAINLET. repeat

>>14315512
lol, jcho is such a faggot. He still is expecting triple digits BTC.

>>14317022
also
>pay debts
gtfo dying boomer

>>14317141
>durrr you must either like deflation or inflation durrrr
moron. neither deflation or high inflation is good. it should be at optimal levels around 2-4%

deflation is literally a recession, lack of economic growth, unemployment, lower wages. It doesn't matter if things are getting cheaper if your salary is also getting smaller dumbass

>>14317141
no deflation destroys productivity innovation and leads to all around poverty it only benefits those that hold large amount of cash. which is the idiots basically.

>>14317141
inflation is not very relevant, cash is not for storing wealth.
It only has to be small enough for money to still function as a unit of account and exchange.
Debts have interest, which means without inflation they can't really be paid. It's relatively easy to compensate for inflation by increasing the demanded interest rate, but it's almost impossible to compensate for deflation because it would require a negative interest rate.

>>14317222
this. morons like deflations because they can't invest. they think putting money under the mattress is an investment. inflation is a tax on retards that don't know how to invest

>>14317175
we should head toward slight currency deflation to avoid wasting everything and make money truly valuable. which is what bitcoin will allow if it succeeds. you're brainwhashed.

>>14311565
>Please to buy my shiny boomer rocks, sirs

>>14317222
brainwashed

>>14317230
your old boomer gibberish makes me sick

>>14317238
you can still invest and win even more on a deflating currency, if you hold it you're wasting opportunities to make more. brainwhashed

>>14311641
man jews are nervous as fuck..

>>14317175
>19th century blocks your path
what do?

>>14317238
>inflation is a tax on retards
indeed
the poor don't care their wage goes up as the prices go up cause nobody wants food riots, the rick don't care because their investments outperform inflation anyhow the middle class retards with no investments, keeping fat checking accounts while being knee deep in mortgage are the only ones hurt by inflation.

>>14317283

>>14311811
Someone tried that but the sec and DOJ came after them

>>14317252
>>14317283
deflating currency = earning value without doing anything

money are supposed to be spent and invested not hoarded. why should people take a risk to invest when they can just hoard their money under the mattress and get value?

if you want to beat inflation then just invest your money dumbass, retards don't know how to invest so putting their money under the mattress is the only thing their little brain is able to do

>>14317316
old boomers should not be allowed here, you're trying to brainwash the youth into believing that inflation is good for the future, when it's the biggest scam, gtfo

>>14317356
your whole mentality is that of a boomer. boomers are dumb and don't want to invest, boomers put their money under the mattress and expect them to grow in value magically. this is peak boomerist retardation

>>14317356
>when it's the biggest scam
no it's not you are just retarded

>>14317356

>>14317348
nothing prevents anyone to create an inflating currency as long as we have an upper base deflating asset/currency that allows the world to head into the right direction

>why should people take a risk to invest when they can just hoard their money under the mattress and get value?
to earn even more? get x2 by investing instead of +1%? you know you said something retarded

>>14317382
this! like my parents, the guy don't understand shit of the economy and think inflation is an evil conspiracy.

>>14317401
if things are getting cheaper that means profits of businesses become lower, if profits become lower it means your salary will become lower.

Retards think that if things are getting cheaper that increases your purchasing power, in reality your salary will also get slashed and you will lose purchasing power. Learn some basic economics pal

>>14316660
I hope you're being sarcastic, because anyone who's held through that right now has recovered most of their losses. The smart ones made money by buying on the way down or shorting

>>14317390
told you to gtfo brainwashing the innocent youth

>>14317381
if you think that deflation means no investment you're more brainwashed than I thought

>>14317446
it doesn't mean no investment, it means lower investments. not everything is absolute brainlet

>>14317446

>>14317431
yes and if the currency gains value isn't that NORMAL to have a lower salary just like you get a higher salary with inflation? think please

>>14317460
it means EFFICIENT and well thought out investments.

>>14317471
the difference is if deflation becomes bad enough your salary won't just become lower, you will LOSE your job all together. If you have 0 salary you have 0 purchasing power. At least during inflation you will still have a job

>>14311780

>>14312280
I bet 500 link he shitposts on biz

>>14312850
kek

>>14317495
your definition of deflation seems to be one that is tied to the old boomer system where everything is approximate. in that context bad things happen because of failure and mediocrity. if a crypto is a recognized upper base neutral worldwide asset and the deflation is tied to the amount of that crypto that is getting accidentally destroyed, then we're in the best possible scenario. the economy would be in a deflation, but an extremely low one, money will have high value, and people won't waste it.

>>14317471
yeah deflation leads to a reduced economy reduced gdp reduced overall employment and quality of life. it has been tried often enough that is why economists fear it like devil fears holy water. it's bad for everyone and hard to get out of it.

>>14317558
> money will have high value, and people won't waste it.
aka people won't invest and hoard their money and lower growth. congratz you just created a recession

I don't think you understand what deflation even is, there is a difference between low inflation and deflation. You might make some arguments to have low inflation but actual deflation is retarded

>>14312280

>>14317585
if money is getting value over time, then it will be even more desirable. people won't invest in the hope to lose less, they will invest to win more. more intelligently which will remove useless shit from our world, useless jobs, useless products, demand will control everything as it should, and waste would need to be avoided even more.

low deflation is simply the most efficient thing we can come up with. but you probably weren't taught this in school.

>>14317659
funny thing is if you remove useless jobs you cut gdp in half

>>14317681
getting tired of the level of brainwashing, can't even imagine what an efficient economy would look like

>>14317659
>if money is getting value over time, then it will be even more desirable
thats the point. money shouldn't be desirable, investing should be desirable. You really think 3% inflation is a lot? Just imagine, the only thing you have to do to is an investment to net you more than 3% profit a year. Only a moron couldn't manage that

>>14312280
>suckers rally
Bull market confirm. Thanks Peter.

>>14317699
i can 20% of the population works and lives well 80% is hobos living on welfare and thievery.

>>14317712
money desirable means investing will happen because we always want more. why rejecting an efficient economy. you know I'm right but you're too brainwashed to accept it.

>>14317736
living always on welfare off the work of others has no place in a respectable society.

>>14317826
it's peak efficiency on macro level
but you don't seem to want that after all. you are more socialist than i thought.

>>14317795
again you are using absolutes. doesn't matter if there will be growth, the point it will be less growth. deflation = lower growth. we know this because we had deflationary currency for decades aka gold and stagnation was the norm. Try learning some basic economics instead of parroting boomer conspiracies

>>14317852
no welfare is not peak efficiency because it creates pretty deep political issues and issues are not part of an efficient world/economy. stop trolling using the word socialism on a serious subject

>>14317910
a very slight deflation with today's technology would maybe lower the production of useless shit but technological progress would increase faster, economy would move faster, and people's happiness along with it.

>>14317915
welfare is the running cost of the system otherwise it will end in bloody riots and revolution. it keeps the lid on things.
20% employment is peak efficiency. if you discard the useless jobs you lose half the employment half the economy, normally in developed countries real employment is 50% that means you are down to 25% but some of the jobs are servicing that 25% you dropped so an other 5% at least gets cut with the decreased size of the economy and that was a conservative estimate.

you don't understand the first thing about economy employment and investment. but so sure of yourself... are you like 14?

>>14317952
no it wont. learn how to invest and you wont care about inflation. even my 90 year old grandma can buy a bond and beat inflation, why can't you?

>>14311824

I bought at 3k

now i'm not regretting it all lol

>>14317439
Are you retarded? You would've made so much more if you sold and bought back lower. You literally aren't making any money unless you sell.

>>14318009
yes it will. inflation creates more problem than deflation on the long run. beating inflation is not the main problem, it's all the waste and useless shit getting produced which complexify the world and prevent us to have an efficient economy focused on people's demand and technological progress.

>>14318215
useless shit get produced because people like useless shit and has nothing to do with inflation. unless you genetically change people you won't fix that

>>14311565
Lmao at this old fool

>>14318001
I agree it's needed to some extent nowadays but only because we live in an inefficient old boomer world currently. it shouldn't be needed. it shouldn't be a % to aim. the higher the % of people who want money from others the more it means we're failing as a society. it means the basic elements like food, water, shelter are too expensive meaning we're too far behing technologically, or it means that those people are stupid and have a failing education. in an efficient economy everyone should have a proper education, allowing them to decide whether or not they want to develop a skill or create a product or invest into something, or to decide to do nothing in their life without having to be depending on anyone. welfare has no place in an efficient economy.

>>14312280
>0 self awareness boomer strikes again
do they let this guy on TV just because it's funny to parade retards everywhere?

>>14318120
You said the hodlers retard, not me. We're using YOUR context here. Good job stating the obvious and proving my point again

>>14318276
I'm not talking about useless shit that enough people buy, those things are by definition not useless because there is a demand behind, but you're pointing one of the infinite problem behind an inflation based system.

>>14318362
then what are you talking about? what useless shit inflation produces?

>>14317175
>it should be at optimal levels around 2-4%
said every keynesian kike stealing people's life savings like a slowly boild frog
fuck off you disgusting brainwashed drone
0% inflation of deflation, both are ok in my book because they are both fair, everyone can keep cash
not everyone can park their money in inflation-proof assets that's why the rich love inflation so much so that they are safe from it but also know that the average joe will get buttfucked year after year

>>14318415
don't turn into a brainwashed brainlet again. there is many waste in our economy and just browse amazon or aliexpress to have an idea on how much of the world is cluttered with useless shit, and that's without mentioning the useless jobs that could have been replaced by a machine much faster if money was worth more and the efforts to increase efficiency worth even more.

>>14317348
>why should people take a risk to invest when they can just hoard their money under the mattress and get value?
and why should people risk just to preserve their hard earned purchasing power?
you fucking disgusting kike fuck off

>>14312280
Look at this dude, lmao

>>14318415
>what useless shit inflation produces?
BS jobs, fidget spinners and all kinds of self=help 'personal growth' BS scams
inflation is a cancer of societies

>>14317222
>people can't create and trade useful things without an inflationary monetary system
You kikes are unbelievable

>>14318499
>durr everything I don't like is because of inflation
thanks for proving you are a dumbass. Your plan to make everyone poorer so they are forced to buy only necessities is retarded. You want to punish smart people that invest their money because of the retards that waste them, in the end everyone is gonna become poorer

>>14318520
>omg investment is so hard!! why can't I just put my money under the mattress and be rich?
fuck off 40 IQ brainlet

>>14318543
yes retard, fidget spinners exist because of inflation. do retards with 40 IQ like you exist because of inflation too?

>>14318614
yes everyone working 8-12h a day should also become an investor watching their money fluctuating constantly just to lose even more at the end because something went wrong. You are fucking retarded if you don't see how much anxiety and stupid decisions this economy causes to the average peole you fucking brainwashed keynesian

>>14318632
you're probably some office drone cuck that wouldn't even have a job without this scam inflationary economy, keep sitting in your cubicle you retarded fuck I hope that your shitty existence gets automated and you end up on the street disgusting keynesian scammer

>>14318614
are you stupid? INFLATION makes the world poorer not deflation, regardless of the state the price will always be a result of the demand meeting the offer. your last sentence is just you trying to brainwash the youth, gtfo

>>14318679
no moron. deflation is the literal definition of a recession, which makes everyone poorer. inflation makes poorer only those that hold money instead of investments aka retards like you that don't know how to invest
>>14318670
>durr all investments are high risk just like stocks
moron. ever heard of bonds? ever heard of savings account? even 40 IQ retards like you can't fail that

>>14318719
>ever heard of savings account?
enjoy your sub 1% after taxes you fucking scammer

>bonds
how much % is that 2? 3? when the actual inflation is like 6% and enjoy when this whole ponzi collapses and you're left with worthless piece of paper.

all the keynesian leeches will burn in hell

>>14318762
>actual inflation is like 6%
lmao. found the retard. inflation in USA has been lower than 3% for the last decades. Stay poor and dumb and keep putting your money under the mattress like a retarded boomer

>>14318781
it's 3% only when keynesian scammer economists (((calculate))) it, look at prices of houses and land, I don't give a fuck about anything else, the rich love inflation because they park their wealth in real estate knowing that everyone else will get buttfucked, especially millenials who will never be able to afford housing, you are a disgusting boomer landlords' bitch right now

>>14318821
>durrrrr
housing isn't included in the inflation metrics moron

learn to invest brainlet

>>14318719
gtfo repeating yourself, you're so brainwash that you can't imagine a world where currency deflation is controlled successfully and low, such context won't make everyone poorer, it would make them barely wealthier over time, the main point being that if they want more they need to create or produce a service. instead of using their money at all cost into some investments which is inefficient and creates all sort of useless shit. don't worry with a deflating system there will still be enough useless shit to satisfy brainlet needs, it will just be a more well thought out useless shit.

Anyone listen to his podcast because of le doom and gloom? He couldn't be more off base with crypto though

>>14312280
Absolute classic boomer meme

>>14318833
I'm probably better off financially than you but that doesn't change the fact that inflation (of monetary supply) is the biggest scam in human history, if you support inflation you support all the wars in the world (paid for with printed money) and misery of younger generations.
You're literally supporting some jew boomer's fantasy of blowing up kids in palesting or Iran

Separation of money and state can't come soon enough

>>14318854
the only one repeating himself here is you. we already had deflationary currency for decades and we saw the results. Rich people hoarding gold and an economy in a constant state of stagnation. Fuck off with your retarded ancient boomer systems, we live in the modern world that has no place with your retarded outdated systems.

learn to invest brainlet

>>14318876
no you aren't. only dumb and poor people complain about inflation.

learn to invest brainlet

>>14318901
>we already had deflationary currency for decades and we saw the results.
of yeah I guess boomers buying housed in the 70s with a few years salary and no debt had such horrible lives right? right now we have the (((peak efficiency) right? its so better now when the fed prints money whenever they want pumping boomers' bags and fucking over the youth.

>>14318901
>no you aren't.
lmao at this COPE, I can tell you are some office drone cuck wageslave

>only dumb and poor people complain about inflation
sounds like something a keynesian leech would say

>learn to invest brainlet
you're as boring as the have sex incel posters
just because I can see through the inflation scam and can outperform it, doesn't mean everyone who can't should get fucked in the ass. You are a typical dishonest keynesian scammer, a fucking parasite

>>14312280

>>14318924
inflation is a tax on retards that hold money instead of investing

learn how to invest or stay poor. the choice is yours brainlet

>>14317681
(((Gdp)))

>>14318956
no you retard, it's a tax on the poor and middle class that can't afford to put their savings into real estate regularly, as opposed to the rich who don't give a fuck about inflation whether its 1 or 20% because they only hold their fiat bags for a split second.

>>14318987
>real estate is the only investment
learn to invest brainlet

>>14317065
Nice.

can anyone tint the eyes red and make them look more watery?

>>14311824
What a tard, the same goes for gold or for literally any other vehicle of investment

>>14319004
fuck off with your bs you retarded drone, I 7x'd my savings from 2 years ago, but that dosn't mean everyone can do it, if you think that every average joe can simply put their money in a meme bond or sevings account (with soon negative interest rates thanks to retarded socialists) and beat inflation then there would be no inflation because no one would hold fiat and the whole money printing would be pointless
someone will always be left holding the hot potatoe called FIAT and you are the parasite on society supporting that scam system.

there is absolutely nothing wrong with 0% inflation, or even deflation, that's a fair system in which no one is forced to do anything, no one gets their purchasing power taken away from them but you don't like that idea like every keynesian parasite

>>14319092
of course you did larper. you are a richfag that is angry for poor people. we believe you buddy

you are too dumb and uneducated to get this but deflation harms the poor more than the rich. deflation means lower wages and less purchasing power

just learn to invest brainlet

>>14319149
>of course you did larper. you are a richfag that is angry for poor people. we believe you budd
lmao your poor ass if that's something unbelievable to you

>uneducated
you probably meant unindoctrinated in keynesian economics, I actually have a stem degree you brainlet parasite, the keynsian scam doesn't require a finance degree to see riht through it

>deflation harms the poor more than the rich
>deflation means lower wages and less purchasing power
wages and prices always work themselves out on a free market basis you retard, inflationary economy actually distorts that, it also causes the boom and bust cycles, making people speculate on things like housing which shouldn't be a spculative purchase.
The rich can alwyas put their money in inflation-proof assets
the poor can't, period.
You are a dishonest fuck or an indoctrinated brainlet that doesn't want to admit that hes been fed horseshit into his little brain in his (((university)))

>>14311824

imagine being a gold bug but then using this analogy.

>>14319275
>cries about poor
>I am rich I swear!!
lmao

also, the free market itself tends to inflation. growth creates inflation, population increase creates inflation. Only stagnation and recession would create deflation

just how dumb someone must be to not be able to beat 3% inflation? if you are that dumb you deserve to lose your money. this is the free market brainlet, learn to invest or stay poor

>>14319336

This false.

The greatest Economic Growth of the United States occurred under Deflation during the late 1800s.

Even Stanley Druckenmiller has talked about this.

>>14319336
>also, the free market itself tends to inflation.
if by fed's monetary policy you mean free market then yeah I guess you must be right lol

>just how dumb someone must be to not be able to beat 3% inflation? if you are that dumb you deserve to lose your money.
then if it's so easy to beat it, why have it in the first place? it sure would be pointless right?

> if you are that dumb you deserve to lose your money.
that's like saying "if someone is too dumb to lock his door then I should be able to walk in and steal his stuff"
you are a typical indoctrinated keynesian parasite who thinks he's 'smart' after his shitty university course, life will teach you humility at some point of another I guarantee you that

>>14319436
to not lock his house door*

>>14319436
ever heard of 401k dumbass? middle class people invest part of their salary to index funds without tax and get returns much higher than inflation. that was literally designed for dumb people like you that dont know how to invest.

learn some basic economics instead of parroting dumb boomer conspiracies brainlet

>>14319517
>401k
have fun when all your government ponzi programs go tits up

>>14319661
>durrrr da apocalypse is cummin soon all gubmern gonna collapse!!

lmao. I see now that you don't have any actual argument to say you resort to dumb doomer scenarios

learn to invest brainlet

>>14312280
this cannot be real
he's larping 500%

>>14319517
>401k
HAHAHAAHAHAHAHAHAAHAHAHAHAHAAHAHAHAHAHAAHAHAHAHAHAAHAHAHAHAHAAHAHAHAHAHAAHAHAHAHAHAAHAHAHAHAHAAHAHAHAHAHAAHAHAHAHAHAAHAHAHAHAHAAHAHAHAHAHAAHAHAHAHAHAAHAHAHAHAHAAHAHAHAHAHAAHAHAHAHAHAAHAHAHAHAHAAHAHAHAHAHAAHAHAHA

Imagine fudding btc since it was $20 and shilling gold all the way down from $1900. He must be close to hanging himself..

>>14319421
based but let the retard keep going on

>>14312280
Schiff is pure boomer comedy gold

>>14320696
stay dumb and poor

>>14317323
yeah because there was no real gold

But someone would probably still come even if there was

>>14314895
yea why is this

>>14317141
>deflation is GOOD.
Holy kekkies
Tell this to the Japanese!

Petter is right tho. And why the hate on boomers? They were the last great generation when America was great. It was what came afterward that ruined it.

propped up by tether and only tether

I'm a tether girl in a tether world

>>14317230
>Proceeds to store wealth buying properties
>Properties become unaffordable for the youth
>Fertility collapses as young people don't start families
>Import millions from the third world to keep pension ponzi going
>They realize they only been brough to pay pensions
>Have to bribe them with gibs and more inflation
>Civilization collapses

Fuck Keynsians

>>14312280
>TFW Peter Schiff is the one posting Bobos

man he says some really fucking stupid shit

>>14319061
for some btc sure

>>14317175
AHAHAHAHAHAHAHAHA

>>14312280
>unironically saying "this is a sucker's rally"

>>14312280
fucking kek

>>14311565

Can someone help me into non-brainlet mode? After learning about QE and how the govt is set to pump even more into QE4 I’m certain that it’s time I learn more about what the fuck is going on.

How do I start to understand this shit?

>>14319661
I’m kind of with you until here

Betting on the US government collapsing has not been a winning bet. If it happens then I guess that’ll be a real happening.

>>14322758
despite what brainlets and conspiracists will tell you QE is not printing money. There is no increase of money in circulation just change of balance sheets, to be real money printing the circulating supply must increase

>>14311565

>>14312168
Explain tesla and the current meme market then. The potential future value of a company based on its market share and future market share while also its perceived perceived future value comes into pricing. Shit is no different.

>>14322801
That’s not exactly what they told me.

They told me QE was the FED pumping funds into financial instruments including the S&P/stock market.

>>14322888
the fed buys government bonds to pump their price and lower their yield rates. but there is no direct increase of money supply in the market, the increase of money supply results indirectly from the lowering of interest rates

>>14322758
quantitative easing: jew magic used to pull the wool over your eyes and make simple things more complex so they can fleece you of your cash.
to explain quantitive easing so it makes sense would involve you being taught how various parts of the current retarded system is so highly dependent on each other till you get bored/frustrated/angry/fall asleep.
but if you're really interested, read the bitcoin standard.

this faggot

>>14322801 is 29 posts deep and is probably thinking he fought a good fight this day.

the current monetary system - what a fucking hill to die on ey bud?

>>14322888
yes they pump out trillions in bank reserves

>>14322914
I like how you have 0 economic knowledge about everything and just explain things like "dude da joos steal da money n shiet n its like corrupt system bro from da evil elites"
learn some basic economics before embarrassing yourself brainlet

>>14322937
are you trying to convince me that this didn't all start because the banks (that were largely jewish owned) promised not to lend money they didn't have and then proceeded to lend money they didn't have.
history > economics gibberish that wouldn't exist if the criminals didn't need a way to justify their bullshit.

you aint fooling anybody.

>>14322970
yes the evil jew stole your hard earned white money to give it to minorities

>>14322937
It becomes easier to understand if you regard da jooz as just biz meme for people who have more money and power than me, and sometime government influence, but aren’t actually the gorvernment.

If you engage in /pol/shit your conversation will fully deteriorate into tribalistc shitslinging, and eventually people will post BLACKED porn and nazi propaganda.

>>14322914
I am interested. Does the bitcoin standard explain that or is it more the conspiracy stuff you posted about.

>>14322970
>economics gibberish
This is true of the jargon of all industries, partly because it is helpful to have barriers to entry if you don’t want to devalue your profession. And it’s not just medicine, economics, academia, or business. Heck, cryptocurrency has a fair amount of it.

The fields I would expect to be the most straightforward in their language, like engineers and other practical people, still have plenty of tricky and counterintuitive language.

>>14311565
Hes Fudding

Probably holds more btc than all of biz

Buy buy buy

>Gold being bull

Its called REAL savings......Gold is volatile short term but maintains wealth in longrun.

>>14323069
my point is half the techniques they use to manage the economy wouldn't be necessary with hard money. which we had on the gold standard, which we stopped having after the banks started lending money they didn't have.
conspiracy stuff? sadly, the history of the world. despite what >>14322986 would have you believe with his comments designed to ridicule facts and reality.

Is it time to worry about the yield curve yet?

>>14322907
Doesn’t lowering yield make bonds less attractive investments,m? If they want people to buy bonds, shouldn’t they not do that?

Fed funds rate I have some understanding of, but think it’s a little overhyped.

>>14323247
But would the us economy even been able to grow nearly as much as it has if the dollar were still anchored to gold?

Weaponized economies of EU, Japan, etc would have crushed us?

Also seems like it would have made exports especially hard as it would have kept the dollar even higher?

>>14323263
if bonds have less yield investors would prefer to invest in the stock market instead thus creating more growth/jobs and kickstarting the economy, during crisis people remove their money from stocks and buy bonds that are less risky and that creates the dump in stocks and eventually unemployment

>>14318496
Having 2% of our wages stolen every year until a shitty appartment becomes unaffordable unless you are rich is the price we pay to live in a decadent society.

LOOOOOOOOOOOOOOOOL!!!!!

>>14323377
you only lose 2% if you keep your money in currency. invest your money instead of putting them under the mattress and you wont lose

QE is just the Fed saying they'll buy all these wack assets so retail banks don't have to stop doing business with normies because they have too many wack assets and can't take the risk. All in all, an ok use of tax dollars given the alternative. The shitty part is that it is (correctly) seen as rewarding bad behavior, i.e banks generating too many wack assets in the first place.

>>14323377
Having 2% of money value stolen every year is what forces Schlomo Goldenburgerbecken to lend instead of hoarding money. He may pass that along to you in addition to his markup, but the alternative is that he doesn't lend.

QE was my entry point though. I’m saying I now want to learn how to into macroeconomics, monetary policy, and the interconnection of stocks, bonds, currencies, national economies, crypto vs. fiat, etc.

>>14323353
That makes sense
>>14323405
>invest your money, you can’t lose!
Kek that does not
I know what you mean though.

>>14323405
Properties becoming a hedge against inflation making unaffordable for the youth and triggering a fertility collapse that forces you to import massive quanities of migrant that hate you to keep the pension ponzi going is the price we have to pay to live in a Keynsian ponzi society.

The good thing is that with porn an youth uprising can be prevented and the keynsian ponzi can keep going until they get blackpilled and kill themselves.

>>14312280
Hello Peter

>>14323457
You have the causality backwards. Population increases predicate housing cost increases. Also, housing being unaffordable for the youth has never been an effective curb for births, but birth control is.

>>14323439
if you want very low risk investment to beat inflation just get bonds. unless there is a war and gov goes bankrupt you wont lose
>>14323457
blame boomers that kick their kids out of their home

>>14323495
>You have the causality backwards

No i don't a house in 1920 used to be 8 months of saving for the poorest of workers this was just when income tax and central banking apperead.

>Population increases predicate housing cost increases

And usually construction increases but with keynsian inflationary ponzi they become a hedge against inflation so richfags buy properties to protect themselves from inflation causing it to go up non stop.

>Also, housing being unaffordable for the youth has never been an effective curb for births, but birth control is.

It's the main cause in secular societies even in the late roman empire housing had become unaffordable and they suffered a fertility collapse as the cities became shitholes.

Here is the data about the housing

https://fraser.stlouisfed.org/title/3912/item/492986?start_page=68

http://www.thepeoplehistory.com/20s-homes.html

8 fucking months of wages in 1920 how many wages the poorest of workers need now to buy a shit appartment?

Decades or centuries?

>>14323547
>fertility collapse immediately after birth control made accessible
"iTs nOt tHE roOt cAuSE"

And instead u make an argument that fertility collapses occur when cities were shitholes, then ignore that in the 1920s the majority of city housing were tenements stacking 8 people to a room.

>>14317308
>inflation bad for mortgages
Check yo self before u wreck yoself nigger

>>14323286
you cant use the outcomes of the current system as a basis for any decisions on a system that hasn't been tried for as long.

who knows anon, who knows if they would need to have weaponized their economies.

>Also seems like it would have made exports especially hard as it would have kept the dollar even higher?
how did you manage to get to that conclusion?

>>14323405
>invest your money instead of putting them under the mattress
that's your fucking solution? i guess you're shit out of luck if you're literally any other country that uses the same system and cant invest.

>>14317238
>inflation is a tax on poor or uneducated people that can't invest due to the barrier of entry being too high or just can't be bothered.

well well well, you've finally shown your true colors Mr Bankerstein

>>14323781
>because you are either unable to invest or simply spend your time doing other things you deserve to lose 2% of your value on your wealth.
yall need Jesus

fun fact, schiff got exposed to hold btc, eth, and bch who he asked if he should get some xmr too.

>>14311985
You fucking idiot schiff is worth over 100 million dollars.

>>14324343
yes he got rich by other peoples money he put into gold while missing out on the biggest bullrun in history in the stock market and the launch of fastest growing asset class in history. genious.

investing to avoid inflation is great too bad the best classes of investments are locked behind having to prove you're a "sophisticated investor" i.e you need to have hundreds of thousands of dollars to risk but fuck poor people right

>>14324412
Nigger. you act like he had a chance to put 100k into btc at 1$ and then fucking would have held until 20k.

Even if he got in early he would have never realized astronimical gains just like 99% of people who got in early.

>>14324412
Also you think peter became worth 175 million JUST because of gold selling? You are fucking retarded. I'd bet that gold sales don't account for even 15% of his net worth.

>>14324464
Goy, I am just saying that even just hilding his clients money in usd would have given his bussines a better roi.

he bought into crypto in the late summer of 2018 btw.

>>14323547
>It's the main cause in secular societies even in the late roman empire housing had become unaffordable and they suffered a fertility collapse as the cities became shitholes.
What you describe is the cycle Spenglers describes. The only good thing about all this is, the summer children who the Boomers and GenX are will just die miserably, probably killed by their own children.

https://youtu.be/uha7WWgoeX4

>>14324471
yes he also sells shares of gild mining companies to earn money by selfinflating his own product.

funny how he accepts btc and bch on his schiffgold website. but goys cant be helped, for some to win others have to lose in this unproductive sector of the economy.

>>14324509
why wouldnt he accept bitcoin? Any business that accepts bitcoin instantly converts it to USD.....why the fuck wouldnt he offer an another option for payment you fucking retard. It isnt like hes holding bitcoin. And obviously he knows you can sell shit for btc.

>>14324644
Because nobody with a brain who is in crypto is gone buy Boomer rocks with an artificial price controlled by a handful of Boomer banks. Crypto destroys the Boomer Rock and FIAT bubble. If they bend the knee to crypto, they admit defeat and all comes crashing down

>>14324644
so you see no moral hazard in taking money to puclicly fud btc while at the same time adopting it?
what was your iq again?

>>14322986
This is exactly what happens.

>>14324682
Lots of people in crypto buy gold. How the fuck you think you protect your wealth and gains you retard? If the dollar implodes and you dont have gold your fucked.

What you stupid faggots dont comprehend is that the primary function of money is to MEASURE VALUE. Money is a barometer to measure value and nothing measures value better than gold for thousands of years and even today despite gold being de-monetized.

And bitcoin certainly doesnt measure value at all.

>>14324734
Why is there a moral hazard? Hes offering a real asset. He doesnt believe in btc but that doesnt mean he cant fucking accept it as payment. There are lots of people who convert their btc gains into real money - gold.