/biz/ - Business & Finance

>>18784033
Because most of are going to be exterminated and chemically castrated in a few years anyway.

They're just giving you a little bit of what they normally give to corporations. Feels weird, doesn't it?

>>18784033
They want you to put it back into the stock market so that everything looks good in November.

>>18784033
so you don't complain about the billions of tax dollars corporations are getting.

Enjoy your crumbs and go back to watching Netflix goy

>>18784033
turning everyone into neets for automation to take over

>>18784033

Because they need to fight deflation

>>18784033
Selling your children's future for a few grand

i'm not getting shit how did you get it anon

>>18784144
This right here. Millionaires got more of a bailout than you did, effectively stealing more of your money.

>>18784236

Good Lord, Commies are tiresome

>>18784341
He's not wrong faggot

>>18784033
Stop asking questions and stay in your house goy

>>18784341
>Socialism for thee but not for me
The rich are getting bailed out on your back again and your response is to slurp up the cum and thank them for it

>>18784382

Everyone's getting bailed out, you retard. We had a liquidity crisis, this time largely caused by a huge forex move into the USD by European/Third World investors fleeing their continent for the safety of the greenback,

There was a shortage of dollars in circulation, which if you don't fix RIGHT AWAY turns into a deflationary spiral, where it's more profitable to hold dollars in the bank rather than spend and invest them, aka the Great Depression. So liquidity had to be injected directly into the organizations that needed it most in the biggest quantities.

It's not "hur rich guy conspiracy," it's "yuros sucked all the money out of circulation, and big companies with tens of thousands of employees had nothing with which to conduct business, so either they got loaned money or half of the economy would evaporate almost overnight"

to make you dependent on them for money so they can control you.

>>18784545
Can they sell everything back into Euros whenever they want? Would the extra dollars stay in circulation afterwards? If I was trying to devalue a currency that's what I would do

>>18784033
so you have money...

>>18784767
Holy shit

>>18784033

Because they assumed you're a debt slave who probably didn't have any money saved.

Because otherwise some crazy schizos might just go and shoot a billionaire/politician and his family.

>giving

Check your paychecks bro see how much they take away.

>>18784683
>Can they sell everything back into Euros whenever they want? Would the extra dollars stay in circulation afterwards?

Yes to both. Right now the yuros are expecting an economic apocalyspe and their central banks don't really have anything to fight it with, Germany for example was already at negative interest before all this hit. Their central bank will literally pay you to take money away from them for a while.

So yuro and EM investors have been buying up USD wherever they can find them, in order to get their wealth out of those impending disasters and into something safe, mostly cash and T-Bills, and with short term Treasury yields of like 0.1% they are actually paying us to finance our deficit spending. It's wild.

But it caused a massive dollar crunch with supply far less than demand, so we've been printing money as fast as possible just to keep the dollar from appreciating out of control. Because there's nothing worse than having the dollar rising in value at say 3% when the economy's crashing. The prospect of a deflationary spiral keeps central bankers up at night.

So retards who say "hur big corporation get billion dollur u only get 1200 #impeach" didn't understand two things: a) big corporation needed a billion dollars to send out paychecks and there weren't dollars to be had, and b) 200+ million people got that 1,200, let's do the math there

Or, in the case of millionaire media types, they understood that fine but were banking on you not understanding so they could get you mad

>>18784341
You're the commie you dirty corporate-socialist.

They want you to be happy

>>18784545
>caused by a huge forex move
Have you ever even looked at a forex chart before or are you just repeating some horseshit from some financial blog?

>>18784033
to pacify you while they flagrantly trample your rights.

>>18784204
> He thinks he's going to be having offspring

>>18784841

kek this. My unemployment direct deposits are almost 3x what I spend. I had enough saved to live for the next 5 years without work.

>>18784908
I understand impeachment would solve nothing, and everything you wrote up until that.

Why can't we have the dollar appreciate in value? People who were saving dollars would be rewarded for being responsible. Why do companies need to be bailed out? Why can't we have a great depression? There are way too many people, way too many city assholes who don't know what real life is, way too many cities in general. None of this is necessary and it was all built with fake dollars from the fed, which caused inflation, and what goes up must come down, or they're going to enslave the entire populace to keep it where it is now, which is what they're doing through bailouts.

I want to see the entire system crash because I have no stake in it and rich people are doing their best to keep me out. Fuck their entire system, I can survive in the woods no problem, it's Jews that need cities to survive.

>>18785008
>hur price go down

Want to know how I know you don't know what you're talking about? Holy fuck you're stupid.

Hint: Money supply

>>18784153
I'm fine with this.

>>18785112
>Why can't we have the dollar appreciate in value?

Sure: Imagine the market's crashing, like say it was, and you have a billion dollars. The dollar's appreciating rapidly. Do you, billionaire, risk pumping your money into the carnage of the stock market, or do you keep it in the bank where you're getting a 5% return from deflation?

Now imagine every other person with money doing this at the same time, taking even more money out of circulation, meaning the demand for dollars goes up, meaning the value of those dollars in the bank has gone up EVEN MORE just by sitting there, and this continues forever until there isn't enough actual money to buy or sell anything with.

That's why central banks engineer constant inflation -- constant mild inflation forces the rich to spend or invest their money, which causes economic activity, because if they left it in the bank they'd lose 1-2% a year.

>Why can't we have a great depression?

Well, aside from all the dozens of millions of lives being ruined and the suicides and starvation and massive violence?

>>18785234
Are you trying to say that no rich person would EVER buy back in? That's fucking ridiculous. If someone had a billion dollars and they were able to buy half of McDonald's with it they would. There would be a buy back moment because the American public would still exist through it all. There would be a big dip and buy back instead of a currency debacle like we are now.

>all the dozens of millions of lives being ruined and the suicides and starvation and massive violence?
This is what American cities need right now. They're cesspools of awful people and their whimsical desires producing next to nothing of value.

>>18785112
>or they're going to enslave the entire populace to keep it where it is now, which is what they're doing through bailouts.

wat, they are literally giving money away for free

We're not even paying for it -- European investors are, through their desperate purchases of our government debt at functionally-less-than-zero rates of interest

>>18785319
>That's fucking ridiculous. If someone had a billion dollars and they were able to buy half of McDonald's with it they would. There would be a buy back moment because the American public would still exist through it all. There would be a big dip and buy back instead of a currency debacle like we are now.

Well, it was already tried your way, and the result was called the Great Depression. This is basic economics

dollar appreciates -> makes more financial sense to save dollars than spend/invest -> economy and stock mar

>>18785350

that was weird. continuing,

economy and stock market tank -> more people sell and stick their money in the bank -> fewer dollars in circulation -> dollar appreciates more -> businesses go out of business -> dollar appreciates more -> more people sell and stick their money in the bank

That's what happened. You end up with a completely locked up economy because all the money has been taken out of the supply, everyone out of work and hungry. All central bank policy since then has been to do everything to prevent that from ever happening again.

Inflation is good. It is a machine that forces money out of rich peoples' bank accounts and into the economy, where it does work and creates jobs.

>This is what American cities need right now. They're cesspools of awful people and their whimsical desires producing next to nothing of value.
>you must be 18 years of age or older to post here

If you're hoping for mass starvation, violence and death because you don't like people who live in a certain area, unfortunately you are awful.

>>18785146
Gotcha. You're just repeating horseshit from some popular financial blog run by goobers that don't trade.

>>18784033
>tfw still haven't got my check
>dying everyday slowly
>savings running out
>no job
>cant file for unemployment systems always down
everything is fine... everything is j-just fine...

>>18784545
Good jew points, you listed all the talking points.
Weird how they could fix "muh unstoppable deflationary cycle" in the thirties with Keynesian programs and proper timing for monetary stimulus.

You know what this stimulus is doing? Absolutely nothing, BECAUSE THERE IS NO ECONOMY. They're only creating unnecessary inflation, and using Corona as an excuse for a depression that was long coming.

You stupid fucking retard, probably you're so brainwashed that you don't even understand what I'm saying.

>>18785435
>That's what happened
Without the internet or digital currencies. The downward spiral would be caught by the people saving who would have an onramp into the economy this time around.

>Inflation is good
Not when rich people get handed enough money to completely undo any buying power they lost through inflation. They also pay less in taxes, furthering their advantages. It may have been good to get rid of seriously old money, but now it's making it impossible to save enough across a single generation. You're boot licking here.

>you don't like people who live in a certain area, unfortunately you are awful
You need to leave the city. Nobody likes you, what you do, what you like, or how you live your life other than the other city people around you. City people are awful, and the assholes you're giving power to willingly would probably agree with me.

>>18785486
>what did the scary man mean with his big words
>hh-h-h-h-h-horseshit

lmao kid

Here, this is why you're wrong, and why anybody who knows anything about forex is laughing their ass off at you. Do you need me to explain what you're looking at, and why it will cause even greater laughter if you overlay the EUR/USD chart over it?

>>18785435
Warren Buffet wouldn't be where he is today if his dad wasnt able to buy so much land and stocks during the great depression. Funny enough, his father hates the idea of the Federal reserve. Now Warren is one of the biggest promoters of it because he's trying to protect his wealth. The federal reserve uses practices to protect old American money, and inflation is one of the tools.

>>18785593
>Without the internet or digital currencies

That doesn't matter. Money is money, whether it's an entry in a digital ledger or a paper bill. It does the same thing.

>The downward spiral would be caught by the people saving who would have an onramp into the economy this time around.

It has been almost literally one month since this didn't happen. Can you remember last month? The Fed had to throw money out of helicopters to arrest the market crash and keep every cash-intensive business from going bust. It was a MONTH ago!

>a bloo bloo rich people are rich

Turn off Chapo Trap House and try to think for just a second. Who suffers more from 1.5% inflation, a guy with zero dollars in his bank account, or a guy with a billion dollars? The guy with a billion dollars loses $15,000,000 a year just to inflation. So, instead of keeping his money in the bank where it does fuck all, he has to spend it on stuff, and invest it in companies, because he needs at least a 1.5% return to offset inflation. That money thus generates economic activity. It pays salaries and funds startups. This is good.

>dem durn city folk ;_;

I live in a town with a population of about 35,000. I know lots of city people, they're all lovely. I'm sure there are lots of shitty people there too. I bet some of them even complain on the internet about people they've never met.

>>18785680

I'm going to say this as gently as possible -- you have no idea what you're talking about. You've been listening to either other people who have no idea what they're talking about, or people who DO know what they're talking about, and are lying to you because they want to keep you poor.

I used to be like you, by the way, up until only a decade or so ago, so I can say: Until you understand basic economics and monetary policy, which you do not, you are going to be poor. It's like if you insisted on playing baseball every day but refused to learn how to swing a bat, throw a ball, or run a base -- you are going to suck ass at baseball until you admit you don't know what's going on and learn the rules of the game.

I hope you do, bro, I want everyone here to make it. But you really have to let go of a lot of the Poor Person Religion first

>>18785750
You're missing my point really hard on purpose. The Fed gives and always will give more money to rich people, more than enough to not only set off the effects of inflation, but make them richer. Any positive effects MMT had on the economy have been wiped out by tax evasion and corruption in general. This is a yt channel, this is reality.

Be glad you don't have to deal with any major American metropolitan areas because they're all garbage and produce garbage. If you don't smell it you're part of it.

>>18785908
>You're missing my point really hard on purpose. The Fed gives and always will give more money to rich people, more than enough to not only set off the effects of inflation, but make them richer. Any positive effects MMT had on the economy have been wiped out by tax evasion and corruption in general. This is a yt channel, this is reality.

Man, I really recommend you at the very least buy a copy of Sowell's Basic Economics and give it a read. Monetary policy is a related but different discipline, but first you gotta get your head around the basic rules of Economy: The Game that we're all forced to play.

I wish you luck

>>18784341
Hows that boot taste, goy?

>>18786023
He likes it, look at him go

>>18785560

Oh man, I missed this stupid post!

>Weird how they could fix "muh unstoppable deflationary cycle" in the thirties with Keynesian programs and proper timing for monetary stimulus.

LOL

>weird how they eventually fixed the Great Depression, caused by deflation, by monetary stimulus!
>after years of 20% unemployment!
>wait a second
>Powell did that right as the market crashed, and somehow we're recovering WITHOUT 5 years of everyone being out of work!
>I'm not gonna think about this!

Lel

>They're only creating unnecessary inflation

Where is this inflation?

>and using Corona as an excuse for a depression that was long coming.

oh boy lol, one of you guys. Sure is going to be weird when next month we're back to normal and this INEVITABLE DEPRESSION lasted two whole months

>>18784236
>implying OP has ever had a job
Meanwhile I'm making less than half of what I would be making on benefits in Canada but have to keep working and don't get any free money because I'm doing the "essential" work of answering phones at a law office.

>>18785634
>>18785486

just realized I forgot my pic lmao

>M2 exploding
>EUR/USD spikes UP before settling down around 5-year average, even as literally historically unprecedented quantities of USD is being printed and dumped out the window

Kids are dumb.

>>18784033
You get crumbs while a handful of 2big2fails get trillions. The crumbs are to prevent riots

>>18786121
This. It's basically just "pls dont loot and riot" money.

>>18786023
>>18786049
>m-m-muh boot

JEJ

Rather it is you who are the bootlickers -- you refuse to learn the basic rules of the game, and so you will always be poor, always have a boss or a supervisor to obey for 40 hours a week, never have or do anything interesting or be anything interesting.

And you'll rage against your invisible oppressors and "luck" and "the rich" and maybe that'll make you feel a little bit better. Maybe you'll get a mortgage for a house and tell yourself that you're now the "owner" of an "investment" -- but now you'll REALLY have to kiss ass at work cuz you've gotta pay the bank. Hey, finance a car while you're at it!

I've already told you where to start, if you'd like to not be poor. We are all forced to play a game called Economy. You have no idea how to play or even what the rules are. Go look up the rules.

Know the Truth About NORTH KOREA NOW
https://www.youtube.com/watch?v=ANbYJ8ku3ec

>>18785112
>Why can't we have the dollar appreciate in value?
Its called [price] deflation and its incompatible with neoliberal capitalism. The wheels only keep turning if people keep spending and deflation promotes saving since your buying power innately grows during deflation, as you said. However some capitalists (those that own the capital) realized that they could make the wheels spin faster by leveraging their corporations up to their eyeballs with credit. Now they are saddled with mountains of debt and if spending drops their precipitous financials unravel. This is why when there's what should be a mild economic shock it spirals wildly out of control and toobigtofails immediately need bailouts and even more credit, to prop up the preexisting credit card house

>>18786231

Deflation is terrible for everyone but the rich.

>This is why when there's what should be a mild economic shock it spirals wildly out of control and toobigtofails immediately need bailouts and even more credit, to prop up the preexisting credit card house

We're actually in vastly better shape now than 2008. This particular round of bailouts was actually caused by a dollar crunch caused by panicked yuros snapping up literally every USD that was on the market, to get their money out of the impending European disaster and into a save haven.

Which is not a bad problem to have 2bh, since the solution is to print money like crazy until the dollar stops appreciating. It just let us finance a huge amount of deficit spending at functionally-zero interest, paid for by Eurozone investors who practically begged for the opportunity to do it.

>>18786162
>>18786121
Have you seen the average American? They couldn't walk a mile before having a heart attack or pulling over at a McDonald's

>>18784119
Based and electionpilled

>>18785539
>cant file for unemployment systems always down

Florida? Use the other site that they say is for "First-time filers." I had the usual waiting week and got my direct deposit on Friday of the next week.

>>18786391
This also testosterone levels for fighting age males is at like 80 year old man levels

kek there will be no revolution just slow decline into suicide

>>18786391

>Americans can't raise hell against the government by driving

>>18786053
>oh boy lol, one of you guys. Sure is going to be weird when next month we're back to normal and this INEVITABLE DEPRESSION lasted two whole months
You lost your credibility with this statement.

>>18786749

Fine, you're right, June. And three whole months. Probably have to bail out the auto and airline industries with more yuro money, but this'll be the fastest economic recovery on record.

>>18784119
Couldn’t people use it to short the market?

>>18786102
What happens when demand for dollar goes down again?
>>18785750
>The guy with a billion dollars loses $15,000,000
Who has a billion in cash?
The guy with less money loses more because is wage is most likely not inflation adjusted
If you want to look into it, real wages in europe went down massively over the last years because of mario draghi the son of a bitch
$/€ was 1,6 when i was still in school, now its 1,1
You dont really think people see a higher number on their paycheck do you?
>>18785336
>We're not even paying for it -- European investors are, through their desperate purchases of our government debt at functionally-less-than-zero rates of interest
Who purchases us goverment debth
I invest in USA stocks at nearly the same rate as you
I mean yes, higher capital gains tax i guess but i doubt those is mainly used to buy us debth
>>18785234
At some point people will buy back in tho, investing in fiat cant possibly go good for long as fiat itself neither creates nor holds inherent value

>>18786053
Okay look, you clearly did not even get the basic gist of my argument (as I predicted). That's okay, I'm here to help, because the more people understand this the better.

The keyword, that you missed, was PROPER TIMING.

The money being printed now is not aiding the economy BECAUSE THERE IS NO ECONOMY. It is causing ZERO actual production.

As you correctly point out, the only reason to print money is to kickstart production again out of a deflationary cycle. BUT THERE IS NO PRODUCTION. The real reason they're printing is to keep stocks artificially high, at least until Trump gets re-elected (that's why HE condones it).
The FED does it because it allows them to indebt more and more businesses (foreign and domestic now) in their game of freely printed debt. Right now they are printing TRILLIONS. They are buying up the world. If they were simply printing for the jobless to keep them afloat it might make sense. But they are not.

As for the inflation, that is just being delayed. Look into monetary theory and different types of monetary supply. But don't worry, it's coming.

>>18787113

oh god lol, didn't you get spanked enough last time?

>PROPER TIMING.

No, you stupid oaf, if things like the NIRA had gone into effect in 1929, the Great Depression wouldn't have happened. Deflation is what turned a stock market crash into total economic death, 20% unemployment, bread lines, etc. We just dodged one this month. Christ, you're stupid.

>muh fed
>muh conspiracies

The Fed is printing money IN RESPONSE to European/South American demand for USD. That's what started it. They had to print money, or we would've had a deflation spiral. You need to stop watching Infowars for investment advice.

>>18786994
>At some point people will buy back in tho

We tried this experiment in the 1920s and 1930s. No, they don't. Except for the super-super rich buying up bankrupt peoples' assets at fractions of pennies on the dollar, you get absolute economic lockup until money starts getting injected into the economy. This is called The Great Depression.

In fact, once they started infusing money, the recovery was so fast that they decided they'd done enough and started contracting the money supply AGAIN in 1936-7, causing ANOTHER crash and depression.

>Who purchases us goverment debth

All sorts of folks. Right now, there's an absolute flood of European money

>Who has a billion in cash?

Nobody, thanks to inflationary money policy. That's the point. Because anyone who did would be burning a dozen million dollars a year for absolutely nothing. Instead, people have to invest it and spend it to try to keep ahead of inflation, which creates startups and jobs.

>The guy with less money loses more because is wage is most likely not inflation adjusted

Trust me, losing 1.5% of 25,000 is a lot less than losing 1.5% of 1,000,000,000. The guy who makes $25,000 likely has that job BECAUSE the billionaire doesn't want to lose 1.5%

This is really really basic stuff.

>>18784033
So that you can use it to buy things like rent and consumables so that your landlord can buy things like mortgage and consumables so that the corporations can buy things like salaries for their employees and so the whole circle can go in a big circle and the only one who wins is the banks

>>18784033
It's a loan... now pay it back with interest...

Because when the real recession hits, you can't say "Oh, the Government did nothing for me".

>>18786194
So you choose to attack the person which you perceive these posters to be rather than engaging their ideas. Are you a woman by any chance?

>>18784033
It will be over in three months.

>>18788028

"ur a bootlicker" is not an idea. It can't be engaged with.

What can be engaged with is the idea of the poor as fuck retards who say things like that. Especially to people who aren't poor and are taking time to explain to them, FOR FREE, how not to be poor.

I'll refer again to the retard who wants to play baseball but refuses to learn how to swing a bat, throw or catch a ball, what order to run the bases, etc -- and then when some kindly stranger says "here bro, let me show you the basics," gets all mad at them and calls them a bootlicker.

That's us, we're all involuntarily playing the game of Economy and we always will be. If you don't understand the basics of the game, you will suck at it.

>>18785435
Why is inflation good? Ron Paul says no. Many Austrian economic says no

>>18787765
Wageslave money is leveraged by rent and essential stuff, after expenses the 25000$ are prohably more like 5000$, the 1,5% still count on the 25k tho, means 7,5% less free income each year, that is even usable to akkumulate any form of wealth to escape wageslavery
That is fucking batshit
The 1,5% hurt so much more on 25k
The billionare would even invest his money with 0% inf, or even low deflation as to not hold printed paper or digital numbers, pic related

>>18789028

It was literally the next sentence I wrote. Inflation forces the rich to spend and invest their money, which creates jobs and opportunity for everyone else. If you park a billion dollars in the bank, you lose $12,000,000 plus every year just to inflation. So you instead spend it on stuff, which creates sales and thus jobs, and invest in things, which finances startups, R&D, and expansion as well as creating jobs.

Austrians resent it because it's strongarming people and thus fucking with the free market, but that's a philosophical argument, not an economic one.

And the opposite, a deflationary spiral, is the Great Depression. It is very very bad when it is more profitable to keep money in the bank doing nothing, rather than spend and invest it. And the more money that comes out of circulation to sit in bank accounts, the worse the economy gets, causing more money to flee into safe profitable bank accounts, etc etc etc. And in the middle of all that interesting money phenomenon is millions of people who literally can't buy food because there's no money to do it with.

>>18784341
America is literally the most communist functional national on this Earth

>>18784033
Felluhs I have to do a call interview for snap benefits what do you say in order to maximize your chance at getting them?

>>18784545
>there's a shortage of dollars
This nigga

>>18784199
Isn't deflation good? $100 becomes $120.

>>18789173
>posts a picture of the results of hyperinflation
>this disproves deflation hur

Holy God. You don't live in America, do you?

>losing 1.5% less seems like more at 25k

If you think rich people go "lol whatevs" at losing ten million dollars, you don't understand why they're rich and you're poor.

>>18788213
Don't hate the playa, hate the game

>>18789253
see
>>18789216
>>18785234

>>18787765
>All sorts of folks. Right now, there's an absolute flood of European money
Some of those bonds are inflation adjusted
Any chance those are the ones getting brought?

>>18787765
>>At some point people will buy back in tho
>We tried this experiment in the 1920s and 1930s. No, they don't.
What about essential stuff tho
If you get essential utilities 90% off you can double your money in a few years by dividends

>>18789277
OK so then the feds will be printing money to counter deflation and we will stay at the 0% inflation 0% deflation. Sounds awesome if that works.

>>18789277
I'm poor but want to learn. What books do you recommend?

>>18789277
Why was the Gold standard good or bag?

Let's return to the gold standard for the whole world. What would happen. Teach us

>>18789292
>Some of those bonds are inflation adjusted
>Any chance those are the ones getting brought?

No, they're all short-term as fuck and it's cratered the yield for short-ter, notes -- aka, Europeans are taking them at literally any yield they can get, just to get their money out of the Eurozone and the "emerging markets" and into a safe asset

>What about essential stuff tho
>If you get essential utilities 90% off you can double your money in a few years by dividends

I don't think people really understand how scary deflation is, and why it keeps central bankers awake at night. The Great Depression happened because there was no money circulating. Like, imagine going to the ATM and there's no money in it. Nobody has any, not even electronic ones and zeroes, they are all sitting in bank accounts.

Except people who are super-wealthy, because they can indeed reach out and buy up bankrupt peoples' homes and companies and etc for pennies on the dollar -- but then those people immediately jam the cash into the bank, where it's safe, and the net effect on GDP (other than setting up super-wealthy people to be super-super-wealthy later) is zero.

This has already happened, and it's why we get QE and the like when the market crashes.

>>18789332

That's literally what's happening right now. M2 is skyrocketing at literally unprecedented levels, the Fed is throwing money out of helicopters, but the price of gold is declining. Cuz we're doing it all with European money

>>18789398
if M2 is growing, that means inflation not deflation?

>>18789351

First thing is to start with Sowell's Basic Economics. It is the best money you will ever spend. From there, a pretty good book on the right mindset (producer vs consumer) is the Millionaire Fastlane. Really understand those two books and you are better-prepared than 90% of people.

>>18789381
>What would happen. Teach us

Well, at a minimum a whole bunch of people would starve to death as the entire world economic system goes haywire, contracting massively in various areas and exploding in others. You have to ask the question of why you want to peg a currency to a metal, the supply of which is increasing. It'd still be inflationary, but there'd be no way to control it. And there'd be much more incentive for Country A to knock over Country B for its gold reserves.

>>18784033

TANSTAAFL

>>18789398
>imagine going to the ATM and there's no money in it.
do you mean money or cash?
whats so scary about that? we have credit/bank cards and checks.
>sitting in bank accounts.
yeah so whats the problem? you have an account, you have money right?

>>18784033
You have to pay taxes on it. So it's not actually all that much.

>>18789429
>if M2 is growing, that means inflation not deflation?

That's the thing! If the whole world was the United States, yes, absolutely. Look at the chart:
>>18786102

Look at that line! Powell is throwing money out the fucking windows. But gold is not $6000 an ounce, it's actually declining.

This is because he's exploding the money supply to respond to exploding DEMAND for the dollar, from overseas. It's actually being done to keep the dollar from massively appreciating. The effective result is a massive drain of wealth out of those territories and into our economy, because investors there see what's about to happen in Europe and are getting their money the fuck out of there and into a save haven.

And there's no safer haven than the United States Dollar, because we have a very big military that will come brutally kill anyone who even whispers about maybe not using it as the world's reserve currency.

The last guy got a Bowie knife stuck up his ass on live TV!

>>18789257
If you cant understand the difference between a week of holiday more each year for instance
And that stacking up over a few years until your a literall slave unable to accumulate wealth and sitting by your pool on your very own tropical Paradies island, feeling sad because of lower number, you dont even understand the concept of being poor
I dont say they dont care about 10 mil, but it doesnt make a single fucking difference in their quality of life except for
>lower number
The pic just should show you that it is incredibly stupid to all in something without inherent value, during the great Depression the dollar was a gold certificate, which was believed to hold inherent value in the form of the underlying gold
A billionaire would never all in fiat, and rich people didnt hold fiat in the us back then
>maybe read a bit into the abolishment of the gold standard and the german great inflation

>>18789475
>the best money you will ever spend
and he needs to hurry up about while still there is money!

>>18789556
>do you mean money or cash?

I mean both.

>whats so scary about that? we have credit/bank cards and checks.

I mean those wouldn't work

>>18789590
So of all the bad news the good news is at least we live in the us?

>>18786858
>implying the majority of amerifats even know what that means

>watching news outlets announce stimulus payment of $1,200 to eligible Americans
>news anchor states my full name and address before staring silently into the camera for the rest of the segment

It's all so tiresome.

>>18789590
>The last guy got a Bowie knife stuck up his ass on live TV!
what

>>18789596
>A billionaire would never all in fiat

Yes, that's because inflation would punish him quite badly if he did. Which is the whole idea of inflationary monetary policy, which I've now said about a billion times in this thread.

If, however, the dollar appreciated by 5% a year, there would be many many many people with a billion in fiat sitting in the bank, and many many many many millions of more people in breadlines. Which is also what I've been saying.

>ramblings about "quality of life" and vacations for some reason

You sound European. I sincerely hope you have some independent wealth and that it's not Euro-denominated, because you are about to go through a truly horrible 10 years.

>>18789683

Google Death of Muammar Qaddafi

I'll be back in an hour, guys, time to make some Mongolian beef

>>18789683
Gadaffi

>>18786196
Great video. How long does it take you to put something like that together? I've been thinking of making similar content. Any tricks to streamline production?

>>18789720
why is ameriball wheezing?

>>18789692
During the crash we had deflation and i doubt any billionaire going all in fiat
Most will at least have some immobiles
If you get the 5% gain in $ value each year you would prohably hold more cash than with inflation but all in is still incredibly stupid
Its printed fabric, or not even that in digital case
It could loose all value in an instant while that wont happen to a diversified Portfolio for all but the end of society as we know it

>>18789692
>You sound European
How could you guess with me ranting about monetary policies of the ecb and low euro wages
Vacation was just an example because thats not even such a bad thing to do with that ammount of income, also prohably because of our retarded retirement system
Quality of life is just the only way to truly measure quality of life
What use is all money in the world when you are old and didnt enjoy your good years?
> I sincerely hope you have some independent wealth
Thanks
Ive got International stocks, mostly utilities and semiconductors, and some etfs
Also im not employed in the Service industry, going to finish my bsc. and am not too afraid about finding a job yet, should start looking maybe

>>18789590
WHY And WHAT us causing "exploding DEMAND for the dollar, from overseas"

Why explain further, slowly with exampls thank you

>>18784096
This. They aren't even giving you an equivalent amount - if they did that, they'd be giving you about 10k instead.

>>18785000
kkkekkk

>>18786471
The main IRS site? I filed taxes for the first time in 2019 and I did it 2 weeks ago, still haven't got my stimmy

>>18784033
Because the money's about to become worthless. Otherwise, they wouldn't give it to you they would take it from you.

>essential business
>someone gets wuflu
>they have some of us spray the place down with bleach, you know rather than have a professional cleaning business do it
>they give everyone some candy bars for risking their health by coming in
t-thanks

Then later they actually gave us a $1k bonus so not bad.

>>18786194
>>18788213
Dude BASED
How can I learn more about the game of Economy you keep mentioning? I want to be rich and talk like you. Should I be all in on crypto? I really hope these SUTER bags moon a fuck ton.

>>18790142
I would like to know this too. Seen it mentioned in a couple of threads. What is happening to europoors over there that has investors so scared?

>>18787684
completely arguing beside any point I made
looks like this thread has given you some kind of hero complex lmao

>>18785000
My fucking sides

>>18791736

You don't have a point. Everything you say just highlights that you don't understand the subject at all.

>>18791347

KLEROS SIR

>>18790142
>>18791423

Er, to really simplify, the European model doesn't work. All their big fat generous pensions are insolvent, their productivity per worker per year is the worst in the developed world while their overhead per worker is also the worst in the world, their Daddy Provider governments are all functionally bankrupt and, since they've already destroyed their economies through VAT and their citizens' wealth-generating ability through onerous taxation and regulation, they have no way of raising any more money.

They've been living a dream for decades and the bill, which is inevitably coming due, looks to be unavoidable this time. So the smart money is getting the fuck out.

>>18790094
>quality of life blah blah

See above paragraph -- your quality of life is about to get violently adjusted to reality

I am going to invest all my monthly stimulus checks in bonds. Bonds seem safe during the recession. But I am not sure for how long they are going to pay us.

>>18791311
I would be more afraid of the bleach than coronachan
>>18791936
Im no consumerist whore, i just hope housing gets affordable

>>18792292
>i just hope housing gets affordable

It will, but I'm begging you, make sure your financial assets are denominated in USD or JPY because that will likely matter a great deal in the fall.

>>18792378
I dont hold much fiat, im mostly in stocks / etfs and have a small stack of physical silver
>I dont belive in fiat
as i already told fiat is not the us dollar of the great recession that was pm backed
Im in germany, i guess we are a bit less fucked than most of eu, will get massive problems with many more boomer pensioneers and less workers in the next years tho

>>18784033
did you read the fine print? you're conscripted now we're gonna liberate Iran

>>18784033
>1 post by this ID

Everybody stop being faggots please

sage