/biz/ - Business & Finance

>1.5 trillion for a dead bounce
>1.6 trillion to cancel all student debt
"buT hOW aRe YoU gOiNG tO PAy foR iT"

>>17763411
fuck off commie

>>17763411
Students are poor. Money printing is only for rich people.

>>17763220
What's even the point? The inflation will cause all of this shit to be useless.

>>17763411
based

>>17763411
1.5 trillion to help people hold on to money they worked hard for to invest for a better financial situation, or 1.6 trillion to pay a debt lazy fucks willingly accumulated. Decisions decisions!

good on orange man in chief

>>17763411
>>17763480
i decide neither. end the fed

>>17763480
>worked hard
haha, no
fuck bankers, we should not pay for their (((schemes)))

>>17763411
fuck students, we should not pay for their genders

>>17763220
>socialism for the rich and massive companies
TOO BIG TO FAIL!!! DO IT!!!

>Socialism for the poor and middle class
Bootstraps! Not my money parasite!

Americans are fucking retarded.

>>17763220
>not giving the money for people to consooom

>>17763438
how much money did you lose today kek

>>17763480
>1.5 trillion to help people hold on to money they worked hard for to invest
Yes, for 15 minutes

repo is not money printing you idiots

>>17763585
no way, has this been injected into the market that quickly?? we'll see more tommorow and monday on this effect hopefully. 1.5 trillion for a dead cat bounce would be too depressing, even tho i have nothing in the stock market, thats big chunk of change.

>>17763641
>repo is not money printing you idiots
It is tho

who the fuck gets that money? like where does it ends? short positions? is everyone getting rich in here?

>>17763512
based

>>17763651
500 was injected today, 500 tomorrow and another 500 after tomorrow, yes that quickly

>>17763220
You guys are all fucking retarded...
>The NY Fed announced plans Thursday to inject vast amounts of money into the financial system, totaling at least $1.5 trillion. And the Fed promised to start purchasing a range of Treasuries -- a step that effectively marks a return to the 2008 crisis-era bond buying program known as quantitative easing, or QE.
https://www.msn.com/en-us/money/markets/ny-fed-vows-to-pump-in-dollar15-trillion-to-fight-coronavirus-linked-highly-unusual-disruptions-on-wall-street/ar-BB116ELH
It's just another Quantitative Easing program.
Same fucking shit different day.

>>17763411
They already paid their debts. They just took too long to pay it so they pay the consolation fee

>>17763738
The $1.5 trillion is closer to traditional monetary policy since its only targeting T-bills.

>>17763438
what mental gymnastics do you use to justify calling central bank intervention not communist by your own logic?

>>17763480
more like
>1.5 trillion to buy back bonds that the banks will use to line golden parachutes
or
>1.6 trillion to un-endebt a class and provide a semblance of financial security that might compel them to actually buy something

nope, we're going to fall into a nigh unrecoverable underconsumption trap, an entire generation is about to stop spending money because they literally have none after their jobs as baristas and waiters are axed

>>17763651
dude, not only was today worthless, but that dead cat bounce was the pricing in of the 1.5trillion, not just 500 bil

no one important is buying
>printer go burrr
anymore, the big money knows this was a huge bubble all along

>500 GORILLION AND STILL IN FREE FALL

The absolute state of the fed

>>17763659
People who hold physical precious boomer rocks when the paper becomes worthless.

>>17763512
This

>>17764198
Even as the lotus flower
resplendent and beautiful
blooms in a roadside trash heap,
so too among a sea of blinded mortals
the Enlightened One blooms
shining and beautiful

>>17763411
This just proves that throwing money at the problem doesnt do anything.

end the fed

>>17764449
based and zenpilled

#Tachyon Protocol will bring millions of users onto the V SYSTEMS network.

>>17764502
What if we throw even more money on it?

>>17763512
Upboat

>>17764502
what if you print the money instead of throwing it?

>>17764502
You’re right! Money is made up! It’s PEOPLE who matter! Access/ownership of technology, expertise etc. Each of these is rooted in mental health and social services. The US economy’s sudden jokerfication is far from complete...

BREAKING NEWS trump will hire helicopters to distribute money the old fashion way. POTUS commented "distribution of fiat currency is our manifest destiny"

>>17763220
>America
The power of Jews yes
They look out for each other regardless of its impact on anyone else

we are actually fucked this time. russia said they can sell oil at $25 a barrel for 6-10 years and $1.5t can't save our current market. wait till the oil companies go down. if they get a bailout, russia will out sustain us. on top of that, we'll have to keep feeding them money to keep them alive. meanwhile the repo market is totally fucked even on the bank side. banks are trading SUBPRIME CAR LOANS for treasuries with other banks to make their payments daily.
holy shit everything's going to come crashing down. generations of politicians being greedy and making money for themselves through deals with corporations instead of wanting to leave a legacy as making america actually the greatest country in the world again has all caught up and we're fuckin done.
that being said, i shorted the fuck outta everything i could find, and cashed out today, going back in tomorrow for more puts if the markets up.
sad to think about tho. we're not even a capitalist country anymore.
>"capitalism is great, free market is great"
>fed intervenes every chance they get and fucks the markets up

God I can't wait until the godforsaken shithole that is America finally fucking collapses. Then mankind will finally be free.

>>17764677
honestly i fucking hate kikes. i tried my whole life not to be the kind of person who's prejudice and actually feels any hate toward anyone and i did fine. but the fucking jews. fuck them all. they ruined this fuckin country.
they are actually the scum of this fuckin earth, a disgusting scourge.

>>17764710
you are aware that 'free trade' existed 6000 years before 'capitalism' was ever uttered. capitalism is the degenerate philosophy that led to
>generations of politicians being greedy and making money for themselves through deals with corporations instead of wanting to leave a legacy as making america actually the greatest country in the world again has all caught up and we're fuckin done

>>17764804
yep, you're absolutely right. no argument from me here. i wish there were no government. people tend to get along with each other well if given the chance.
of course that's crazy unrealistic in today's world, so a tiny government with full transparency would be great.

>>17764304
tomorrow the market will recoup all the losses and go up 20%. cap this right now for posterity

>>17763512
Based

>>17763651
500 billion today, I saw it happen on CNBC in real time. It went straight up, then right back down and lower.

>>17764725
This. America deserves far worse than it will ever receive

>>17763220
Can someone explain this to me like im 12, what does 1.5t into the stock market mean, they just bought random stocks or what?

>>17763411
>gibsmedat

it doesn't work like that you lazy nigger

>>17764960
it means they printed extra dollars and gave them to a jewish company with instructions to buy index funds but instead of doing that they shorted the whole market with 100x leverage

>>17764950
Based and redpilled.
>>17764973
So it doesn't work like that for the people but it does for the wealthy?

>>17764725

I'm a burger, but agree. Hopefully it becomes a bit like the wild west again.

>>17764973
>your wall street billionaire boss gets 1.5T in 'gibsmedat'
>you don't

>>17763512
based

>>17765018
whats a jew?

>>17764775
Imagine working yourself up this much over a fantasy as retarded as 'capitalists are jews actually'. Literally throwing an adult temper tantrum to avoid critical thinking. This is why reactionaries die from heart disease so readily.

>>17764864
>i wish there were no government. people tend to get along with each other well if given the chance.
No.
>of course that's crazy unrealistic in today's world, so a tiny government with full transparency would be great.
Yes.

>>17763220

>>17763220
Forget emperors and generals, he who controls the coin controls the world

>>17763411
That's not how repo work commie

>>17765242
Fuck /pol/

>>17763480
the latter are well-intentioned losers the former are sociopathic idiots that should be killed

>>17764198
It's communist. But also apples and oranges.

>>17765280
Glowies gonna glow

>>17765184
a kind of demon

>>17765298
Communism is when neoliberal porkies on CNN shreik about social democrats not gutting the economy faster, in order to keep capital afloat for longer.

Law of diminishing returns applies to monetary wizardry and deficit spending as much as everywhere else.

>>17765298
>it’s communist, but I’m a boot licking cunt.

>>17764502

Wrong. 1.5 Trillion is rookie numbers

I'm thinking 15 Trillion ought to fix the problem.

>>17763451
A brief window for the truly wealthy to sell their stocks at artificially inflated values and mitigate their losses a little.

>>17764864
>people tend to get along with each other well if given the chance
Libertarians are more retarded than Communists.

>>17765195
go to hell inbred kike. you and your kind are the scum of the earth. greed is built into your genetics. it's nothing you can help, but it's nothing we should be forced to live with.

>Keynes argues for elastic money supply
>central banks and their governments interpret that as perpetual inflation to whatever degree they feel like at any arbitrary point in time
IT CAN ONLY GO UP

>>17764864
> crazy unrealistic
Literally your whole post is unrealistic you faggot.

>>17763220
>So this is the power of America.
kekd

>>17763411
This is the most based shit I've read all year.
>>17764502
Retard. Completely different situations. Student debt isn't some gambling thing so btfo just like that. False equivocation.

>>17765279
It literally fucking is. They literally print free money to pump stocks, dumb fuck

>>17763512
Based

>>17763480
>hold on to money they worked hard for to invest for a better financial situation
Holy shit, baby boomers are sociopaths.

NO ONE OWES YOU ANYTHING, Entitled bitch snowflake.
Talk about double standards LOL.

I don't want healthcare anyway, i wanna die after these losses

https://www.youtube.com/watch?v=BDRyXfvKxWQ
https://www.youtube.com/watch?v=BDRyXfvKxWQ
https://www.youtube.com/watch?v=BDRyXfvKxWQ

>>17763480
>p-pweaase, fed. I am entitled to free money. Pweeease feed me. I'm a baby boomer so I deserve everything!!!
Get fucked.

>>17763512
um hello, based department

>>17763220
The bubble just needs to pop. It's been 12 years since the last recession and 91 years since a depression.

>>17765766
Communism was actually able to be attempted in order to fail at least. And libertarians assume there’s some infinite growth where everyone can potentially be rich. There isn’t even infinite energy in the universe. Communism is less fantastical/delusional in this sense. All the “libertarian paradises” that exist are island/tiny city states that just skim off of ports/trade, launder gambling/cocaine/securities fraud money, and exists as a tax dodge/haven for rich parasites from countries that have “traditional” governments, and the bottom 90% of those societies are disposable/deportable service workers.

>>17763411
Why should student loans be forgiven?

>>17766946
So actual people can spend money, take out loans confidently, and live their damn lives so we can have a proper functioning economy based on more than artificially inflated stock prices.

>>17766551
Well said, anon. A libertarian world would be a worse hellscape than Communism. You'd have the same crushing poverty at the bottom and concentrated wealth at the top, but at least Communists promise food, housing, and work.

>>17766983
But who would loan money if they could never collect on the loans? Are you suggesting the money should just be printed, perpetually? Do you know what inflation is?

>>17766195
When the Fed buys Securities from a Seller who AGREES TO REPURCHASE them, it is injecting Reserves into the System. Not like forgiving loans at all.

>>17766195
Calling others dumb but too ignorant to try to underunderstand repo

>>17766253
make a meme version with faster pics and the best snippets of the song

>>17763411
>desperately repair the entirety of a system with way too much money
>spend massive amounts of money on one cog
hmmmm.....processing this

>>17767441
How is it BETTER? The end result is just attempting to propped up the price.

>>17767441
Artificially btw. The fed shouldn't even be allowed to intervene with any market

>>17767558
I didn't say one or the other is better. I'm saying that you can't compare them because the securities have to be repurchased.

>>17766551
>>17767000
Get the fuck out of here you dirty /leftypol/ dipshits
Your bullshit aint working

I really hope boomers lose everything

>>17763512
Truly based

>>17763512
when the real SHTF due to coronachan and we get to experience true ANCAP society you can bet your faggot ass that you will end up ass someone's buttslave or be dead in a ditch after being someones target practice

>>17763438

>>17767898
Why? did your life not turn out the way you wanted?

The point wasn't to save the market, it was to give their buddies some cash to stock up for the end.

>>17764540
based
buy FRM

>>17768684
>implying useless printed paper backed by nothing will amount to anything in the end

dumb newfag

>>17767841
You don't have to be a leftist to hate capitalism you fucking dumb liberal.

>>17763512
impotent ancaps decide nothing

>>17763220
Should of printed 6 gorillion at least!

>>17768770
>going on the business forum while hating capitalism
You dont fool anyone leftypol faggot

>>17768754
Fiat is the best thing to hold in a recession, and they will use it to buy into whatever asset helps them when the all out collapse is on.

You are nothing. You are going to suffer and live in poverty, probably become homeless. You will kill yourself.

>>17763411
Boomers btfo!

>>17768799
>Stonks crash
>FED gives boombankers 1.5 tril
>boombankers buy 1.5 tril in gold bullion

>>17768799
you really showed me chosen heir of the NWO
Lmao dumb faggot keep your low iq speculations to your dumb coworker during the 15 min coffee break your jew boss gives you

>>17768856
Remember, use a shotgun. You don't want to wake up with half your face blown off.

>>17763527
>socialism for Jews
>slavery for the goys
as always

It's time to ends it frens

>>17767234
You're right. Let's spend trillions on the stock market. Rich people deserve welfare.
This is totally not communism

>>17763512
B A S E D

>>17763480
>putting money into stock market and watch it accumulate value all on it's own
>working hard
Why do boomers believe this?

>>17764804
>'free trade' existed 6000 years
stfu, retard

>>17763411
True

>>17766946
>boomers create a consumption-based economy
>make zoomers and millenials too poor to actually buy anything with massive debt traps
>????
>profit

>>17767441
Unless of course the banks default and then can't pay back anything

>>17765297
This

brrrrrrrr

>>17763512
B A S E D

>>17767000
Trips of Truth

>>17770280
Taking you out of a debt trap isnt going to prevent you from falling in to the next one.

>>17770503
Student loans are unique among all possible debt traps because they can't be forgiven upon insolvency, and unlike shit like cars or homes they can't help you accrue wealth in the future because the value of a degree is dropping every year and wages continue to stagnate.

>>17763512
BASED

>>17763220
STOP MESSING WITH THE ECONOMY GOVERNMENT HOLY FUCKKKKKKK WHAT THE FUCK

>>17770616
Holy shit, someone in smg with two brain cells to rub together

>>17770616
Dude, you have to pay your own bills. Nobody made you get a junk degree

>>17770616
>cars
>helping accrue wealth after purchase
????

>>17770616
how the FUCK do cars accrue wealth, they literally drop 40% in value the second you drive them out the dealer.
And unless you get a meaningless degree (ie not STEM) a degree absolutely accrues wealth.

>>17770686
>n-no it's just because you got a junk degree bro, muh stem
That CS degree won't help you pay off that $200k loan after MS outsources your job to India

>>17763641
this, jesus christ you /pol/niggers need to learn basic monetary theory before posting here or just fuck off back to /cvg/

>>17767841
Keep jumping at shadows kike

brrrrr

>>17767234
>Are you suggesting the money should just be printed, perpetually?
the fed is

>>17770616
Lol which is why people with even a bachelors degree have median weekly earnings 40% higher than those with just a diploma? College is unironically one of the best investments you can make for yourself as long as you don't pursue meme liberal arts degrees

>>17766178
equivalence, dumbfuck

Abolish the federal government

>>17770748
>how the FUCK do cars accrue wealth
he didn't say they accrue wealth, he said they can HELP you accrue wealth, which is true. In burgerland public transport is nonexistent in most places so having access to a car is essentially a prerequisite to employment. Cars themselves can grow in value too but it's highly dependent on model, outside of exceptional cases your Japanese economy shitbox will never be worth more than the original sticker price.
>they literally drop 40% in value the second you drive them out the dealer
nobody is forcing you to buy a brand new car, if all you want is a commuter then a used car is ideal.

>>17763411
based

>>17763512
Based and truthpilled

>>17763512
Based.

>>17763220
They didnt spend that 1.5 trillion yet you simpleton. The dead cat bounce was due to the announcement of $1.5 trillion in repo operations, repo operations dont usually occur in the middle of the day.

>>17763641
Where is the money coming from if they have loans to give out to banks?

>>17770616
>education can't help you accrue wealth but cars do

>>17770748
Car get me to wagecage
Degree get me better wagecage

>>17771065
>40%
If you average in retail and mcjobs, probably. Compared to trades workers, highly unlikely.

We are so fucking fucked.
We are so fucked that I’m not even losing sleep over it.
I used to think life was a tragedy. But now I realize it’s a comedy!

>>17763411
this

the absolute state of anyone defending this system

>>17771218
Honk honk

>>17763411
>why doesn't the Fed just print 1.6 trillion to pay off peoples debt??

retard

>>17763512
>>17763512
>>17763512
>>17763512
>>17763512
based

>>17765195
lmao it's only a fantasy in your head pseudo

>>17766983
>t. /ptg/

>>17770731
the car itself is collateral mongoloid

>>17768777
Anon, think about that sentence. Does should of make sense. Of what?
It's should've said out loud. Should have. Think back to every sentence you've ever said with 'should of' replace the 'of' with have and see that those sentences magically make sense