/biz/ - Business & Finance

yes

Fuck your puts faggot

>>21638357
nothing will happen until november, probably even eoy. then stocks either crash hard or we will see rampant inflation of 10%

>>21638659
Why tho? Why has this not already happened and what's to stop this fucking marry-go-round from continuing for another 10 years?

>>21638357
the US is entering Japanification territory. the FED can only do so much.

Yeah I remember this was discussed a lot in the pmg threads

Fed didnt denounce YCC, yields have been falling since end of 2019 and are still falling after all this economic destruction, so its pointless for them to cap them if they are never going to rise.

No one can really figure out why yields are so low and keep going lower, worse economy with more uncertainty and higher inflation expectations should in theory force bond yields to rise as the big money market participants (ie. primary dealer banks) would stop lending at such low rates, why would they accept greater risk at the same price? thats what the fed was afraid of they, like everyone else, they thought yields were going to rise but they havent

I'm guessing there is something going on in the shadows of the banking system (the real banking system outside of the fed), only explanation I can think of is that the banks, having suffered a freeze in the repo market in 2019 due to all the junk assets that were being used as collateral, are now worried about repo failure again and are desperate to hold liquid collateral, the most liquid being treasuries, fearing downgrades on corporate bonds and risky equities, with their balance sheets accumulating massive amounts of bad debts and non perorming loans thanks to the shutdown, interbank lending could freeze again with banks only accepting the safest most liquid collateral, hence the reason yields arent rising, institutions are desperate for collateral to secure future financing and are willing to pay the risk premium knowing that things are probably going to get a lot worse

>>21639286
Great reply thank you

>>21639286
>Safest, most liquid collateral
Hmm

>>21638357
you're seeing metals take a huge shit because COMEX just dumped 10x annual supply of silver (in paper contracts) onto the market in an attempt to manipulate the price and get better deals on physical before the cat's out of the bag. In sep COMEX has to cover this and we'll see true colors coming out as PMs moon. Until then, expect significant volatility.

Debt to GDP ratio is at levels not seen since WW2, and the fed is printing untold amounts of money. The cynic's reasoning for this is because they're between a rock and a hard place: either they blow the 2% inflation mandate with YCC, or blow the "no depression plz" mandate, which because of politics and elections won't happen. A lot of higher ups are jumping ship right now because they see the shitshow going south by EOY. Either way, the Fed is stuck printing money until the cows come home and the normie american will see their purchasing power dwindle probably by 10% a year.

Personally I don't think the cold war ever ended, it just went into economic territory, and this could be a long-term play against the US's enemies. The US tax payer is paying the prices of a full-blown world war right now, but there's no real major conflict, so obviously something is going on.

The institution of the digital dollar is interesting. I don't think the Fed are a bunch of short-sighted idiots, although their decisions go against what seems to be good sense. But if you look at what's been going on with gold since WW2, with america seizing all the gold of europe and SE asia and hiding it away (not in fort knox), it's not a far stretch from there to think that through massive devaluation of the petrodollar, thereby making our debt completely worthless and collapsing the global economy, the US is committing massive economic warfare on a scale we've never seen before, and through institution of, say, a gold-backed digital fedcoin or something, complete with (surprise!) war gold, we could see a resurgent US in a generation

>>21638357

We're only just getting started. The Fed minutes were sympathetic to YCC, and nobody expected something as significant as YCC to be announced in the Fed minutes. FOMC in September is where YCC will be announced if that announcement is going to take place. And even if the Fed doesn't announce YCC in September, it will continue to print in order to keep the yield under control, whether openly or secretly. The yield cannot be allowed to go up. It's that simple. If it goes to 1%, everything crashes. It can only go lower from now on, never higher. As time passes, the bond market will crash, and the debt will increasingly monetized, until the whole system collapses.

Metals have responded extremely well since the June thread was created. Gold used to be $1670, it recently got as high as $2080. Silver was $18, it recently pushed against $30. GDXJ is up 25%. Metals are manipulated in the paper markets, but the paper markets are apt to default at any delivery month, for want of physical metal; possibly as early as September. When that happens, metals will soar to levels we can hardly imagine.

The real economy is never going to heal. That's obvious. Q. E., as we know, only makes the real economy worse, because it redirects wealth into asset-bubbles and the hands of the top 1%. It does not allow mal-investment to be reallocated, and bad businesses to go out of business. Real unemployment is at 40%, and helicopter money will be needed to keep people's heads above water. That helicopter money will cause massive inflation in the real economy, thus crashing bond yields even lower, and making gold go higher.

It was speculated in the June thread that Warren Buffett was hoarding silver; this would seem to be confirmed by his dumping of banking stocks and buying of Barrick Gold. A banking crisis would seem to be imminent, a fact which is reflected in their share prices. If we did get a banking crisis, which might happen any day now, the bailout would trash the dollar.

Why are good threads like this so rare on this board. Its not fair

>>21639985
It can’t be worthless like XRP retard.

>>21640735
I blame chain link retards.

>>21640653
To add to this: we can chart this economic process happening whenever a society starts relying on debasing their currency to fuel economic spending. Fiat has been invented many times throughout history. The denarius was debased to fund roman nonsense and we can chart the economic impact of this through shipwrecks in the mediterranean. The athenians discovered electrum and started debased their currency to fund public works projects and suffered for it a couple generations later. Same with Spain, then Portugal. Every single reserve currency lasts about a hundred years and then flatlines, to be replaced by another one. These times of transition are where the next dynasties are born.

Every single time, throughout history, that the ruling class decides to start printing money willy nilly, it ends the same way. The same with pandemics and their influence on interest rates. After the spanish flu, there was a brief increase in interest rates, and then it went negative for like 10 years.

If anyone is looking to profit from this and thrive, or to keep their heads above water and survive, you need look no further than history as a guide.

>>21640653
>>21640402
>>21639286
>>21638357
any thoughts on the capital gains tax holiday Trump is set to announce soon?

won't this incentive the 1% to cash out of everything causing a temporary bull market for the dollar.

>>21638357
>Fed denounce
That didn't happen at all. They in fact called it mildly beneficial but not needed at this time.

Shameless bump, some excellent explanations in the last two posts. September can’t come soon enough

>>21641186
Where would you recommend to park your money?

>>21641506
Not op but the people memeing gold aren’t hoarding it like Smaug for no reason. We write them off as paranoid but if shit were to seriously hit the fan and the dollar collapsed, gold is what you would want.

>>21639286
Basic charting on the eurodollar (not EUR/USD) and the effective funds rate show wedges that put negative interest rates on the table for the dollar.

That would be cataclysmic. If oil can go deeply negative then so can interest on the dollar. This contractions will cause another dip in precious metals futures while the street and eBay price goes through the moon

>>21640653

COMEX manipulation is the only important thing which wasn't touched on in the June thread. People have to understand that today's crash in gold and silver is just as artificial as the vaccine selloff a few days ago, the selloff after the last FOMC meeting, etc. It isn't real people doing it.

>>21640402
This

>>21640735
You have to wait for fundamental events to happen then go through the shit.

The thread OP is probably referring to, for reference: >>/biz/thread/S19669109?__cf_chl_jschl_tk__=6517626a373cdd202d798f9e1f6d001e1d13c8dd-1596560261-0-AbEKITmbPjnJvp5tDN5BmkNxtSrJQ1k_SqmiwtDD2TICxDL6Cwq2NNo1ourcY2SV7hR_v0gtpvyLYxwOhiUKucKdTGHMtw7FxlP8LF1uWkQEPctfKpaiCwIclKoPF-4RwW-ulYeKxJOzySMNLoJOLcgdFtYE9ORxeNSfUzV8naJPFByb15mg7TdC8iBfhaSGxeX2m-t4rnMIAxKmKTRiNtAfHts2o4tYezCfOV7aOcmKEGO3HogGTvP5BRq6e7z1U_Ge6tQu0xbBDFuynFdYbAe8pHEhb82etrmmG1rEAKyH#p19674638

>>21638659
I'm betting on inflation. Makes it a lot easier to hide what they're doing if they boil the frog slowly and evaporate all the normies wealth without them realizing it. Inflation fucks over the middle/lower class who don't have much/any money in assets and whose wages will effectively be lowered because inflation won't be accounted for to readjust their salaries. Meanwhile the jews and their elite shabbos goyim have most of their wealth in assets and don't care about wagecucking, so they only benefit from brrrr

>>21641201
when I'm establishing a position that I believe will go up 10x, I don't bother about a few percent here or there, I just big dick buy. When a macro trend is leading a certain direction, it doesn't really matter what happens in the micro. When you're sailing, you sail with the tide, not with the waves.

Does this mean you ignore the little micro blips, the waves? No, but those are rather unpredictable. The USD is the safest port in the oncoming storm, there will probably be a flight to quality in the global marketplace before it all crashes down.

The capital gain tax holiday will probably spur more rampant speculation in the markets, further surging prices to untold levels, and further decoupling the markets from reality. I think it'll be like the hoover recovery, where just before the great depression, there was a period of like 6-12 months where things were looking pretty good in the markets, but the underlying issues hadn't actually gone anywhere.

>>21641201
That's might thought as well. I don't think he'd announce a capital gains holiday because there would be ZERO reason not to cash out (at least temporarily) so that you can reenter with a reset cost basis for the future. And of course everyone cashing out would trigger a colossal self-reinforcing dump

>>21638747
Debt. Debt to GDP is at a level we haven't seen since WWII and we can't service this debt. So either we default or we inflate it away. We've never been this far up shit creek.

I just want to add that a benefit of the inflationary strategy that you people didn't notice is that it inflates the value of the USD not only for US citizens, but states trying to hoard it as a reserve, like China.
Also, there are literally 3 points of interest on the brink of war in which the USA is interested in deeply, the Middle-East, the Postsoviet Area and Venezuela. At this point it might be more telling to keep an eye on these areas rather than the FED because just like Op said, the military advantage for the US is currently too big to simply lose in an economic war and just accept it.

>>21641506
I have just reallocated my portfolio to decouple my finances from the fiat system as much as possible while keeping exposure to allow me to take advantage of the sweet paper gains we're going to see for the next year. Obviously DYOR, this is just what I believe in.

50/50 stocks/crypto with no more than $15k fiat for expenses.
exited all stocks, bonds, t-bills, etc. positions except for INTC (massively undervalued in the 3-5 year timeframe), a biotech longshot, and some clean tech for shits. significant holdings in precious metals miners, particularly AUNFF, SILJ, GDXJ, PSLV, PHYS. MUX, GORO, AUNFF, AG will moon in the next year. Anything with physical, tangible tier 1 assets, or directly tied to the production of those assets. Also picked up some physical silver, because I like pretty shiny rocks. I believe silver will go from $30 now to $50-$100 in the next fiscal year.
In case things don't go down the way I think with the markets, no problem, PM retains its value. These miners are a great buy, even right now; they're valued at silver $18 spot, and those that have survived the last 7 year PM bear market with no debt and about to open up new mines are going to make it.
Foundational DeFi enablers like LINK, SWAP, RSR are attractive in held for 1, 2, and 3 year timeframes respectively. An elastic supply protocol coin will be a good way to dump profits from the coming bullrun. RLC and PNK have potential if you have iron hands.

long story short, away from fiat, away from pump and dump, and towards the pillars of the new world economy.

>>21642085
nice link there buddy

>>21641673
The republitards fucked us all....They could have contained the Trump virus in March but they chose to ignore it and pump the stock market again. Now we're fucked and I have to vote for an old man with dementia with fucking hollywood pedos backing him.

>>21642949
Seems sound. Thanks for pointing me in the right direction anon. I'm still skeptical of RLC and PNK, but I am unironically a nulinker since I bought in last year in July, at $3.12. I've been wanting to pull my money out of my boomer stocks for awhile now and move it into precious metals, so I'll look into what you posted, even if I might be buying the local top.

>>21643212

The virus is the cover for the collapse, not the cause. Everything was going to collapse in 2020 anyway. They needed their excuse for more Q. E. and the inevitably failing economy. When you investgate the facts you find that the virus is basically akin to the common cold.

>>21643302
Just don't go RSR and RLC way too many red flags.

>>21643302
see you on the other side fren. live well.

>>21640402
I think that's what's happening re:gold. This corona shut down shit is too absurd to be anything other than some kind of play.
I like to imagine if there wasn't another plan in place none of the bosses would be okay with killing the golden goose.

>>21638659
Stocks aren't going to crash because people will put their savings in them as a hedge against inflation.

>>21639286
>No one can really figure out why yields are so low and keep going lower, worse economy with more uncertainty and higher inflation expectations should in theory force bond yields to rise as the big money market participants (ie. primary dealer banks) would stop lending at such low rates, why would they accept greater risk at the same price? thats what the fed was afraid of they, like everyone else, they thought yields were going to rise but they havent
Huh, yields are low because there's buying demand on bonds. Banks and foreign buyers still want them, because they are actually rallying. The yield means opposite to what you think, if the yield goes down the bond is worth more money because the yield is fixed at the maturity date. The FED is still a lot of bond buying which is leaving little for people who need bonds on their balance sheet to meet their reserve requirements. The fed is driving bonds yields lower.

This is how QE is supposed to work, make bonds unattractive so they are forced to put their money to work in other markets.

QE is largely deflationary not inflationary.

>>21640735
We're in a bull market, that's why

>>21643212
>I'm going to actually support what I freely admit to be evil because his tweets are uncouth

>>21643788

The people in power tried a lot of other ways to excuse the inevitable economic collapse first. Green New Deal was the original plan to trash the economy and justify the unavoidable fall. But not enough people could be convinced to believe in the global warming hoax. Shutting everything down for fear of "terrorism," was another idea, but people questioned and resisted. They also tried to scare people with about a dozen other hoax pandemics before. I don't understand why this time they were so amazingly successful.

>>21639286
>Economy looks like it’s doing bad
Banks have 3 options;
>short the market
>buy negatively correlated assets (precious metals etc.)
>sell their securities and serial into the dollar or bonds

Obviously the third option is the most desirable since it entails the least risk. Then instead of holding dollars they buy treasury bonds, to hedge the inflation.

>>21644281
*buy not serial

>>21642371
this seems like the obvious most likely case. watch the capital gains tax holiday and its details closely. if its a one time executive order deal, then expect there to be a massive sell off as the greatest generation + 1% cash out.

>>21644176
I want quiet....I want to stay asleep. I'm not fucking batman...I dont care if he's evil.

>>21644332
There's no way it would happen though. Any retard can see that this is the logical conclusion to a temporary removal of the capital gains tax. Likewise no corporate lobbyist would ever push for such a thing either, as it means all their shit gets JUST'd. This wouldn't really help anyone out, so there's no incentive for it to happen.

>>21644229
Fake news on Facebook, tictok, and twitter really helps.

>>21642943
yep, war is the long term play, result of all this. maybe 5-15 years out. might have a nice proxy war with taiwan first.

>>21644229
Military grade social engineering tools.

>>21644483
>>21644229
Priming. Like training a dog. Sit. Bark. Enforce a quarantine. Provoke a riot. Just make sure you don't do the same with yourself. Love yourself, love other people, even if everyone else thinks the world is burning. People are rather innocent. Like dogs. Kinda stupid, but cute. But you don't hate a dog. That's where people get tripped up, I think. They become that which they profess to despise when they fight against the powers that be rather than loving and forgiving and being a shining light.

>>21643870
I know the inverse relation, price goes up which makes yield go down, thats the point, low yield represents high demand which means a risk off sentiment in the market, specifically the banking system. Yields were dropping long before the fed started QE5, the bond market was already signaling a weak economy before the covid farce.

QE ultimately doesnt work though as QE1,2,3,4 in 2008 has shown, all that happens is when real-yield becomes negative banks just get rid of their bonds which pushes price down and re-establishes positive yield, thats why QE had to be done 4 times in 08-09, it never worked in the long run because the problem is that the banks dont want to take risk. Its the same problem with excess reserves, the fed fails to reach its inflation target each year because the primary dealers are just depositing all the excess bank reserves the fed prints, it never enters the economy, they put a negative IOER to try to force the primary dealers to pump reserves into the economy and they, for whatever reason, either dont want to or cant, even after 12 years of negative rates they refuse to take risk.

Its a classic liquidity trap and its driving yields low regardless of what the fed does

>>21643347
The virus can be real, dangerous and unplanned while still serving as a convenient scapegoat for an economic meltdown long overdue. People looking at death rates and dismissing it as a cold are missing the very high frequency of long haulers persisting with neverending symptoms and permanent organ damage months after 'getting better'.

>>21645168
>the very high frequency of long haulers persisting with neverending symptoms and permanent organ damage months after 'getting better'.
This is simply completely false.

>>21645221
you're simply completely talking out of your ass and refuse to believe it's real because you haven't gotten sick with it yet or had relatives get sick with it yet. You have the luxury of ignorance for now.

>>21639286
Please help me understand this.

I thought if lenders were lending for too low, they would buy bonds, causing bond rates to go lower. This post makes it sound like yields are low because lenders are NOT buying bonds... To me it seems like low yields should be expected here.

>>21645325
I know several people that got sick with it. They're fine now.

>>21645355
he's saying banks shouldn't be buing treasuries because the yield is too low. instead banks should be holding something else (dollarsr?).

to me it seems like it makes sense. bonds are the least risky investment, less risky than dollars so banks derisk by selling other securities and buying treasurie.

>>21645355
>>21643870

>>Huh, yields are low because there's buying demand on bonds.

This idea is a critical mistake which some people are making in this thread. For the most part, yields are not low because people are buying bonds. That is only true in an unmanipulated market. Yields are low because of Q. E. If Volcker's allowing true price-discovery in the 80s caused yields to rise to 20%, and the economy was infinitely better then, what would they be at true price-discovery now? 30%? 40%? And bear in mind that even 1 or 2% yields would now crash the system, and you see how hopeless the bankers' situation is.

People need to understand exactly what Q. E. is. Q. E. means printing money to buy bonds. This buying of bonds artificially suppresses the price of yields, and so props up our financial ponzi-scheme a little longer, because it forces people to flee from bonds into assets. Now the way that Q. E. inevitably leads to a bond-market crash is, that, once you do too much of it, you cause real yields to become actually negative, as they are now. Once real yields are negative, your bonds are _very_ undesirable to foreign investors; and, eventually, _nobody_ wants to buy your bonds. For, the fewer the number of people that are buying your bonds, the more money you have to print to suppress yields; printing more money then drives up inflation, and causes real yields to go even lower, thus making your bonds even less desirable to foreign investors, ad infinitum, in a vicious circle, or process which we call a bond-market crash. The situation as a whole is also called a debt-trap. This situation of being in a debt-trap is precisely why the U. S. has only two choices at present: hyper-inflation or default.

>>21645355
>>21643870

>>Huh, yields are low because there's buying demand on bonds.

This idea is a critical mistake which some people are making in this thread. For the most part, yields are not low because people are buying bonds. That is only true in an unmanipulated market. Yields are low because of Q. E. If Volcker's allowing true price-discovery in the 80s caused yields to rise to 20%, and the economy was infinitely better then, what would they be at true price-discovery now? 30%? 40%? And bear in mind that even 1 or 2% yields would now crash the system, and you see how hopeless the bankers' situation is.

People need to understand exactly what Q. E. is. Q. E. means printing money to buy bonds. This buying of bonds artificially suppresses the price of yields, and so props up our financial ponzi-scheme a little longer, because it forces people to flee from bonds into assets. Now the way that Q. E. inevitably leads to the demise of our financial system is, that, once you do too much of it, you cause real yields to become really negative, as they are now. ("Really" negative means negative when adjusted for inflation.) Once real yields are negative, your bonds are _very_ undesirable to foreign investors; and, eventually, _nobody_ wants to buy your bonds. For, the fewer the number of people that are buying your bonds, the more money you have to print to suppress yields; printing more money then drives up inflation, and causes real yields to go even lower, thus making your bonds even less desirable to foreign investors, ad infinitum, in a vicious circle, or process which we call a bond-market crash. The situation as a whole is also called a debt-trap. This situation of being in a debt-trap is precisely why the U. S. has only two choices at present: hyper-inflation or default.

>>21645406
>there are no black swans

>>21645775
So if QE stops, nobody buys bonds, yields go up, deflation happens, economy contracts?

Why can’t they just slowly taper the QE off so as to not cause a huge crash but just dampen the blow?

>>21645775
>the U. S. has only two choices at present: hyper-inflation or default
this sounds like one solution... what happens when yields go to 20%

>>21644453
unless they know it's gonna happen anyways with or without them, so they might as well pull the trigger, cash out, and buy back latter when the dust is settled?

>>21646009

Even the slightest taper in liquidity would cause the whole system to crash. The bankers printed 7 trillion to get yields where they are now, and even so yields are still struggling to get up, constantly creeping, creeping, creeping ever higher to that inevitable point where the market falls apart, as it did in late 2018. It is going to require untold trillions to keep yields down. This is because virtually nobody is turning up to buy U. S. bonds any more. And why would they? Anybody with an ounce of sense can see that the U. S. will either default or hyperinflate in the near future. So who would be foolish enough to buy a 10-year treasury at this point? Or, God forbid, a 30-year?

If you want to see how quickly the system would crash without liquidity, see late 2018. At a 3% yield, and over the course of three months, the Dow Jones fell 16%, and the fall was averted solely by re-starting Q. E. Had the Fed not restarted Q. E., the stock market simply would have continued to fall, just as it did in 1929.

>>21645775
Yields are already negative right now. We're at like -1% right now roughly. YCC would take that even more negative.

>>21645775
That literally cannot happen. The Constitution of the United States says in so many words that the US cannot default on its sovereign debt. US Treasury bonds and interest coupons will always be redeemed on time and at full value for as long as the Constitution is the law of the land. That's not up for debate in any quarter.

>>21641201
The opposite. You will see ungodly gains in the stock market, crypto, etc.

>>21646009
The debt is just too great. We've given ourselves absolutely no wiggle room anymore like we had after the last crisis. We completely squandered it.

>>21646294
nigga words on parchment paper aren't going to pay it... are you? reality is a bitch.

>>21646009
because during the low yields fueled by QE, people take out even more debt to service higher yielding debt. On a whole, it adds even more leverage to the system. We tried tappering of QE and even equalizing the balance sheet. that didnt last a year until they had cracks in the system starting to form. ie REPO

>>21643212
Get a load of this faggot

>>21644229

>>21640735
Crypto! That's why!
I remember pre-bitcoin /biz/.
Dropshipping, T-shirt entrepreneurs...

>>21642085
Based goldfisher searching for knowledge in this shitcoinshilling infested rubble

>>21646154
You're not thinking of the implications in their entirety. On an individual basis, yes, they can just cash out and reenter.
Now what happens if all the major players decide to cash out and reenter? They can't all cash out at the current price before it tanks, and they can't all buy back in at the bottomed-out price. Point is it would cause a colossal amount of problems for just about everyone.

So you shouldn't be asking how he can do this in a way of causing the least amount of disaster possible. You have to ask what incentive would there be to do such a thing in the first place. And there really isn't any. Government doesn't benefit from not getting those tax dollars. Investors don't benefit from getting fucked over by a literal dump-and-pump cycle. It's a whole lot of chaos for no gain.

>>21646685
>I remember pre-bitcoin /biz/.
/biz/ was created as a containment board for crypto because it was flooding /g/ back in 2013-2014

>>21645827
A black swan wouldn’t be a new resurgence of covid. Pretty sure a death rate of <0.1% for healthy individuals under the age of 50 isn’t going to cut it for that

>>21646751
This, I'm not sure what's going on with all these newfags who think that /biz/ used to be a place to discuss actual business dealings or whatever the fuck. It's ALWAYS been the /g/'s crypto containment board

>>21644606
This guy has been posting the best wisdom I’ve seen on biz in a long time

>>21645775
Sounds like we're on the same page for most things, except that it's still in everyone's interest to buy bonds, because it will drive yields lower, and they know that the FED will buy them off them for more later. It's essentially risk free profit, which is why we are seeing so many banks and foreign investors buying up bonds still.

>>21646891
I remember the dogecoin threads were incessant at one point, I think that's really what caused /biz/ to be created
Simpler times

>>21646294
KEK
>THE CONSTITUTION SAIZ SOOO
it also says all money must be gold or silver, and also they won't "default" per se, but just pay all the debt off with worthless currency.

>I owe you 50,000,000,000,000 from 20 years ago??? here now go buy 5 loaves of bread with it

>>21646294
The Constitution says a lot of things that get ignored, anon.

>>21646739
>They can't all cash out at the current price before it tanks, and they can't all buy back in at the bottomed-out price. Point is it would cause a colossal amount of problems for just about everyone.

which is why the first one to cash out is in the best position to survive. The game theory says, if the ball starts rolling then you want to get out of the way first, fuck everyone else. The market isn't some collectivist coombya, lets all make sure we minimize the damage communist paradise.

people can make a lot of money and power out of chaos.

>>21646344
>>21647445
>>21647577

I think that some of you may be missing jSnfa8tx's point. I don't think that he's attacking anything I'm saying. What he's pointing out is that the U. S. won't default, which is the honest thing to do. It will simply default in everything but name by dishonestly hyper-inflating the debt away. Which, of the two options available, hyperinflation or default, is by far the worse option of the two.

>>21647765
is this an IQ test? If you get on the right side of hyperinflation you can win to some degree.. if there is anything left to win.

>>21640735
because crypto fags are a bunch of speculative cocksuckers who don't want to face reality

What can a brazilian mechanical engi undergrad do and study to protect himself from US economic instability? I'm pretty new to finances, mostly just riding the bull and making some cash to spend on my studies. My parents have decent income and therefore i'm not risking being homeless or anything like that, so it's just about protecting my paltry wealth and dealing with this shit in my 20s, which is the hardest part of life for a man.

That thread never existed.
You are larping outside /pol/ go back phone poster same fag

>>21641506
bitcoin

>>21640653
>Real unemployment is at 40%
Im sorry if I'm behind the curve here, but fucking what?

>>21641673
>admitting the truth
Yes, you fucking faggot you ALL want the good life. But you know what? You can't afford it. THE MUSIC HAS STOPPED.
IT'S OVER.
GET IT WHILE YOU STILL CAN.
The faster the (((COMEX))) defaults the easier it'll be for the rest of us.
finally, this country will stop producing shit but the fucking jews at the top might start a fucking hot war with china to stay at the table.
But guess what, we're going to yank their greedy fucking paws off the table and we're going to make the rules.
This is a symptom of the changing of the guard. We run this bitch now. Day of the pillow soon.

>>21647765
>you may be missing jSnfa8tx's point
>missing jSnfa8tx's point
>jSnfa8tx's point
>jSnfa8tx's
Leave never post again

>>21648209

If you can get it, hold physical gold and silver in your own hand. If you can't get that, hold gold and silver offshore on BullionVault, GoldMoney, GoldSwitzerland, or OneGold. If the vault fees there are too expensive for you, buy PSLV and PHYS on the stock market. And in addition to this, you can buy mining stocks on the stock market. The major indices are GDX, SIL; GDXJ, SILJ. If you can only invest in Brazilian companies, one major mining company which I know of is Vale. It's mostly a copper-mining company, but all commodities are going to boom after the reset.

>>21648300

See John Williams' ShadowStats.

>>21642085
HAHAHAH this hasn't aged well

>>21648381
I'm sorry if i could ask this elsewhere, but what are the risks of holding paper pmg in a crisis? Can they default or just rob me blind?
And should i cash in post-crash or is it safe enough to store money at vale or any mining company pre-crash and be done with it?

>>21645775
>only two choices at present: hyper-inflation or default.
God fucking damn my penis is so hard right now.
Fuck 'em. Let 'em print it all.
This shit show has gone on long enough.
Hey, Powell, you reading this?
FUCK YOU!

>>21638357
>I can't figure out why 2+2 continues to equal 5
solid 1984 reference, and the same concept from 1984 applies here

>>21648549

Not at all; I will answer any questions which you have.

I recommended PSLV and PHYS, because those are backed by Eric Sprott and endorsed by Rick Rule, people who command the highest trust and respect in the PM community. GLD and SLV, whose custodian is J. P. Morgan, are widely considered to be scams by virtually everybody. The only thing which you can trust entirely is metal in your own hand; but, if you can't get that, then PSLV and PHYS are the next-best thing. Also mining stocks.

When you buy a stock, you own that stock forever. Even if currencies get wiped out, you still possess it, just as you still possess your own house. You will still be able to cash it out in the new currency. The only danger is that political instability may cause miners to get nationalized.

>why isn’t the bond curve doing what it should do in my idealized conception of the economy?
>it must be an elaborate conspiracy, not that i am wrong. that’s the only logical explanation

>>21648328
Say that to the pajeet shills you cunt

>>21648667
no it is a soviet russia reference

The fed can print whatever it likes due to every country having to hold vast amounts of USD for oil. If a country decides to get off the dollar standard it’ll have the US military up its ass in a week. Iraq, Libya, Syria, Venezuela all tried and failed. The music continues.

>>21648922
>Muh military
Niggers are gonna swarm out of California and start killing, raping and looting.

Don't lecture us about "Muh military" you unstable Schizo Americfat

>>21648381
>See John Williams' ShadowStats.
Holy fuck. I think I've been looking at a lot of things wrong then. Moving all my money to crypto isnt enough is it? I suppose I'll start looking into gold now, before I thought I could get away with just digital assets

>>21649035
I’m a britfag

>>21648685
Thanks, i'll keep studying and making safer buys from now on, i'm thankful on my gains but from now on i plan on securing what i have. My ID might have changed since i changed browsers.

>>21647379
It was, I was there
>>21640735
nu-poltards sometimes shit this threads with miga'ing or with covidmeme orange man bad, but it's mostly because this kind of stuff moves slowly so there's no point to making threads within short timeframes, the YCC debacle won't move until the FOMC in september

>>21642949
Why do you think INTC is massively undervalued? They cooking some new kind of microchip innovation there?

Also where do you see bitcoin in 3 years and how do you compare it to other coins?

>>21649488
I think i can chip in on Intel. They've been blundering really hard these past years but better things are on the way from 2021-3 forwards. If you're tech inclined might wanna look "moore's law is dead" channel on youtube and Tiger Lake.

Fucking leaf here, no clue what the fuck is being discussed here, so maybe what I say will make some sense.

Rates goes up, in theory, people save, stock market collapses, and would be bad for the economy if debt rolled over to a higher interest rate.

From reading Op post, I assume they want to keep the 10 yr fed rate low to continue to promote economic growth somehow, one way to do it is, print more money, and buy up all the zero coupon bonds that mature at 10 years to keep the the 10 yr fed rate artificially low and continue to promote inflation in the stock market.

This will devalue the dollar and put a run on metals, but metals are being naked short sold via paper trading.

Overall, people will wake up and realize the USD is a scam and dump it bonds and USD, and this consequently would crash the US economy as this artificially increases the yield curve and further devalue the USD. Then enjoy hyperinflation and high debt servicing cost.

High debt servicing cost crushes a society and a country. Kills jobs, and higher taxes.

>>21648381
>
Do you have any other suggestions other PM and mining that could weather the storm in the medium to long term?

>>21649722
**Other than. Basically what industries could survive this?

>>21649765
two words: cryptocurrency

I just started looking for good gold etf's to get in on this but looks like NUGT has gone from a value of 80000 when it started in 2010 to a value of 80 today. Can someone explain why this doesn't see any type of similar movement to the actual price of gold?

>>21648922
>If a country decides to get off the dollar standard
Already happening and the us isn't doing shit.
https://www.axios.com/us-dollar-euro-value-reserve-currency-918a7a7c-b974-42e2-b1f0-dcbcdbb7b929.html

>>21649064
the changing nature of the world economy necessitates equally significant changes in how we traditionally view portfolio allocation and risk management. Crypto is an asset class. PM is an asset class. Fiat is an asset class, and technology, and so on. These ways of storing value each have their own risk/reward ratio relative to the others, and a properly diversified portfolio no longer needs to mean "stocks, bonds, REITs/real estate," because we are playing with a lot more options now that allow financial autonomy to an extent far in excess of what the human individual has had available at any moment in the past.

Rather than being pegged to a single asset class, like fiat and its derivatives, or crypto and the shitcoin/BTC DeFi economy (which is still in its infancy), true financial autonomy lies in being able to shift between these asset classes fluidly to accommodate the needs of the moment while accounting for every possible outcome in very simple ways that maximize freedom of choice. It's almost like going meta on finances altogether. Rather than being restricted to, say, forex arbitrage between different fiat currencies, now you can play at a different level. It's all rather exciting. The very ways in which our civilization perceive money and wealth, and the value that we put on individual sovereignty and effort, the very value we place on someone's time and how that is measured, is changing beneath our feet, and most people have absolutely no clue. Fun times to be in.

>>21649765
>>21650013
Pic related

>>21649722
>>21649765

The collapse of the dollar will liberate the rest of mankind. Second- and third-world countries, who were formerly oppressed by the dollar, and forced to sell commodities for worthless paper, will rise just as sharply as America falls. This is why Peter Schiff believes that stocks outside the U. S. will do well in future, and has a fund intended to profit from that notion. Although even he says that he believes gold stocks will vastly outperform everything else. He only has the foreign stocks as a way to diversify, in case he is wrong about gold and the economy, as he was from 2012-2017. I don't own his fund, nor do I know what the best foreign stocks are, so I'm sorry to say that I can't help with that. Houses and farmland will obviously survive a hyper-inflationary collapse; although houses are still overvalued, whereas gold and silver are vastly undervalued, and mining stocks even more so than the underlying metals. So above anything else, I prefer gold, silver, and mining stocks. The worst things which you can buy are bonds. Bonds are the last things which you want to hold during times of inflation.

Some people will tell you to buy cryptocurrencies. But, as Alasdair Macleod says, after the reset, they will serve little or no purpose. They exist only during the transition between fiat currencies and our inevitable return to the gold standard. Central banks are hoarding gold, after all, not crypto. Bitcoin, the largest cryptocurrency, and which is 5x larger than Ethereum, has a minuscule market-cap: 160 billion. That of gold is 10 trillion. Bitcoin is worthless as a currency, has no use-case, and is a laughing-stock even within the crypto community; gold is the oldest money in the history of civilization. As for the thousands of smaller cryptos, which of them, if any, will survive is blind conjecture. But I don't think that anybody will part with their gold for them in future.

Whats the argument for seeing deflation in a crash? From my basic understanding given the way fractional reserve lending works, if i have $100 in my bank I can send 90% of it creating $90+interest. In the case of default on debt this $90 of fake money in the economy gets scratched out and now there is only $100 again, creating a stronger dollar. Why would this not happen instead of hyperinflation?

>>21638357
Reserve requirements have been at ZERO fucking percent since march

Banks are literally originating their own money now

>>21638357
The Fed is in a bind.

- Increasing interest rates will usher a wave of corporate bond defaults, followed by asset price deflation
- Decreasing interest rates will keep corporate bonds intact, but this will also spur stock price deflation and real GDP contraction.

So this forces the Fed to buy bonds when interest rates rise too much, and it forces the Fed to sell bonds when interest rates fall too much. Yield curve control is really a last ditch effort.

The real US GDP is shrinking, it's just that government spending is increasing all while the real economy (private sector) is shrinking now. The mass purchase of US treasury debt is to keep US GDP from falling too hard, but as a consequence, this makes the US government 50% of the GDP.

I think this crisis is being used to eventually get America to accept something akin to socialism, or even hard communism. In communism, everything is reversed. The assets you hold turn into liabilities (or debts). Once a country becomes communist, everything you own is no longer yours. This includes your gold, silver, stocks, and land. The real winners are people who leave the country. This is the final exit scam.

>>21650364
I like your insight. Where is the nearest entrance to this specific rabbit hole anon?

>>21650364
Very well put. Years spent on this shithe site is made up for it by finding people like you. Im trying to balance my assets now to make sure I come up better (hopefully) on the other end. Ive been rather uninformed or just uninterested in diversifying to precious metals and ut seems like its time i change that.

>>21650391
>He doesn't know
XRP is backed by gold.

>>21648381
Are you Francis hunt? Based advice

>>21650391
thank you anon. any related reading material you recommend?

>>21650737
Holy shit, and here I thought a 10k stack was good enough.

>>21649488
They are pivoting away from direct competition in the semicon marketplace and disrupting a different market. Their lackluster results of the past few years have been because they're putting all their money in building capability elsewhere. The fruits of this will begin to be realized in 3Q2021. There is some seriously game-changing tech getting released, yes. There is a lot of publicly available information if you browse the right forums that will help the interested investor build a picture of the semicon industry and how INTC is going to stand out 2021-2025. I will say that it is worth a look, and that you have a little time to do some good research if you are interested in investing heavily in a blue chip for 3-5 years. At least read their 10-k when 3Q2020 gets released, and see if anything pings your radar.

BTC at $20k-$150k in 3 years, following a 70% drop of ATH and entering new consolidation zone. It's tough to say, because I expect BTC will no longer be the sole dominant coin. It's a store of value, and too heavily influenced by state actors (high political risk) via miners. Far more normie adoption, though, because first mover advantage. Other coins have more utility and use cases, and the market cap of crypto as such will dictate where BTC goes, as once crypto hits $1T marketcap you can actually start calling it DeFi and the fundamental pillars of the DeFi economy will be more clear. Right now, these pillars are not clear. It's anyone's guess what's going to be useful: polkadot? RLC? What connections and relationships will synthesize together to create a new financial system? We have no clue. It most likely will not be the 100% best technology and there will be surprises.

>>21650334
NUGT is a leveraged ETF. You aren't supposed to hold. It's designed specifically to be held for very short term. So day trading.

>>21650766

To understand the economy in a general sense, read Hazlitt's Economics in One Lesson, Ron Paul's End the Fed, along with anything written by Murray Rothbard. In terms of knowing what is going on right now, read ZeroHedge and follow the best Youtube channels. The following ten are the best: Maneco64, Uneducated Economist, George Gammon, Gregory Mannarino, Peter Schiff, Mike Maloney, Dominic Frisby; Markets and Money, Arcadia Economics, Palisade Radio, Quoth the Raven. TF Metals report is also excellent, but it is behind a paywall.

>>21650926

>>Palisade Radio

(Although I think I would rather have put Liberty and Finance here.)

>>21650737
>>21650841
stop shilling your unbacked scamcoin. grownups are talking.

>>21641673
How about tether gold?

Is Link gonna make it?

>>21650334
>>21650953

Also, Direxion shifted NUGT leverage to 2x after March 2020

https://www.marketwatch.com/story/direxion-is-accelerating-the-shifts-of-10-etfs-from-3x-leverage-to-2x-leverage-as-volatility-remains-high-2020-03-27?mod=investing

This thread is a diamond a dozen. Gotta pick through this tooth and nail.

>>21641506
Not cash
Gold, silver, crypto & maybe Treasury bonds

>>21651324
>Treasury bonds
What is this the 19th century?

Don't forget to stock up on ammunition, or purchase a firearm if you haven't already.

>>21651591
britbong here, can't wait to buy a uk spec pistol with my link gains

>>21651070

$1k is FUD. Look, it depends on if you have tin foil in your kitchen, or if you've already made it into a hat. George Gammon has a good introduction to the WEF's Great Reset on Youtube. Great list from >>21650926, by the way, and after watching gammon's video, you can ask questions like >>21646739 mentioned: what's the incentive for LINK to be successful? In what kind of world is LINK a winner? Do you believe in the technology? Does it excite you? Are you getting what you want out of the game? If so, LINK has already made it.

Or you can make some wild assumptions, and step outside of the purely technical factors into a more macro-politico outlook on an asset class where for most of us on this side of the curtain the only real valuation is nothing but assumption and hype piled on top of assumption and hype: what kind of person or group would desire something like LINK to exist, and can the existence of that group 1) be reasonably inferred, 2) have the ability and resources to pull it off, and perhaps most importantly, 3) what other assets are essential to doing so?

>>21648328
hes got u beat, son.

>>21648922
>>21649035
Petro dolla!!! And the beat goes on and the beat goes on.

archived link for this thread we can look back on this years from now and see who was correct

https://archive.vn/22AxT

>>21651591
I cant find ammo in stock anywhere

>>21647765
The interesting thing is that what goes up in both a default, inflation & overtaxation

>>21651919
OPEC made it clear they have the strings for oil when it went negative.

What War could Trump actually engage in that would be popular and gain America a significant economic advantage to offset the cost? Maybe if Biden wins, but money printing will accelerate by a magnitude of the Dems gain control.

This a terrible situation for America ATM, a situation I sure the Chinese and Russia have been planning for a long time.

>>21650468
It's always unsettling to see other people casually mention civil war or leaving the US.

It's even more unsettling when I can't come up with good counterpoints.

Trade buttcoin for physical silver or what bros?? I'm just trying to make it......

>>21648922
Russia is out of USD denominated debt

>>21652123
I have no intentions of raising a family in the states. To much baggage to poor of an roi

>>21645775
Do you own any crypto? if so which ones?

>>21652327
He's right tho except that we only do it with countries and leaders we can bully. Saddam and Ghadaffi both tried it and got fucked. We have no leverage on China, Russia and increasingly in the middle east. I like how this entire shitshow went public when Iran blew the shit out of our bases and we did nothing. That was a turning point... the US bully got punked in the middle of the playground... shit changed.

>>21652422
>Iran blew the shit out of our bases and we did nothing
That's not what happened though. They did no real damage. We killed one of their generals. You're deluded.

>>21640735
>WHICH COIN IS GOING TO 100X PLEASE SIR
>OMG BUY NIGG TODAY GOING TO MOON IN 5 MINUTES
>DR;NS LOL USELESS PEPE THREAD NUMBER 125

I honestly wish we’d ban crypto threads or at least keep them in a running general. Only 1 out of 100 threads are legitimate for any sort of discussion, and 99% of these faggots have no idea what they’re “investing” in at all.

>>21646925
schizo ramblings != wisdom

>>21643212
GET GHESE FUCKING R*DDIT FAGGOTS OFF OF MY BOARD GET THE FUCK OUT REEEEEEE

>>21652634
Better than 90% of all threads on this board. Literally no one can explain why crypto goes up and down at all yet it’s all that is posted.

>>21652634
You don't even know what schizo means. Fuck off retard

>>21651646
I've seen several European anons boast here that they can "surprisingly own more guns than you think," but never forget to check your self defense laws. Outside of a few countries there are few areas that actually let you use your weapons in self defense.

>>21652065
China has... the American market and the Asian market, both of which will fall apart completely if USD and American corporations/consumers shit the bed. Russia is a one trick pony and oil is easy to retrieve in large quantities these days.

If shit goes down it’s going to drag everyone into a black hole.

Bump, good thread, appreciate the critical thinking.

>>21653438
>If shit goes down it’s going to drag everyone into a black hole.
You think China isn’t willing to sacrifice a little to get away? Chinese investments in America are about gaining political leverage. Like a lizard with its tail caught, they are willing to remove their tail and get away than to stick around. China is in it for the long haul—the Han Chinese as the leading hegemony

>>21651811
Sometimes biz loses the forest from the trees when it comes to evaluating cryptos. How many people who own ETH really give a shit about the network and what it might possibly do? Compare that to the people who simply perceive it as a valuable asset to park wealth (whether or not that's true or not in the long term remains to be seen). But still, a guy in his 50s who knows fuck all about cryptos doesn't give a shit about ETH's mission. All he's thinking is, "Ha ha, crypto go brrrrrr."

>>21643498
Yeah fucking lol @ RSR still being shilled. $150m cap and no mainnet or actual use yet. And they want to become the world's reserve currency. Bitcoin would like a word.

>>21654795
What stands in the way of BTC being a real currency? Why is it not a threat to monetary policy? Has BTC overcome the technical hurdles that generated the $20k ceiling a few years ago in the first place, or has it simply adjusted the playing field a little bit?

There is no central store of value. Not in gold, not in crypto, not in fiat. What there is is relative value and risk. Reserve currency is a shorthand for the economically illiterate, which is basically everyone, including myself. A reserve currency is an anchor, a central peg from which we can assess relative value of an opportunity. Money hasn't changed since we minted the first coins and it got into the hands of the government. The financial system is still very newtonian in its thinking, and our models have not come to grips with relativity. With multiple options at hand, the dominance of a single reserve becomes less important. It stands to reason that there will be multiple stores of value in the future, just as there are now. Gold will be useful for keeping your savings safe. Fiat will be useful for liquid transactions and government sanctioned work, like if you have a job for a corporation. Crypto will have other use cases. The lines between these will most likely be blurred.

The whole 'single dominant currency' is a recent meme. Up until very recently--this last century--anyone who dealt with money dealt with several different denominations on a regular basis, and used different types of money for different types of transactions. How will this not be the case in a DeFi architecture?

>>21648587
Based Peter Schiff has always got our backs :)

>>21642949
I've got a somewhat similar plan and wouldn't mind your take. I'm thinking of completely exiting stocks, may try to do a few quick flips until September then cash out. My plan has been to take all of my crypto gains and turn them into physical, and have been able to do that with some success. With the crypto bull market all but confirmed for the foreseeable future, I've been thinking about a few alts. I've got some ALGO (1500, enough to stake for a while until it moons) and so far like what I've read up on about LIT. My concern with that is that I read there's only 3000 holders. Even with a low market cap, there's some huge risk that even at .14 per token, all it takes is one of them to dump and it's over. If someone missed the boat for LINK, what are your thoughts? I wouldn't be YOLOing into them, but probably a suicide stack of each. The dollar is about to go up in flames, and wall street is basically it's casino, so avoiding that headache best.

Basically, I'm going 70/30 metals/crypto and that's my plan of attack.

>>21654795
There's something you should know about RSR anon...

>>21654271
My only concern with ETH is to use it to get my hands on shitcoins that have a better chance of turning profits to stuff my safe with gold/silver. If everything about ALGO actually pans out in terms of transaction speed and security, that could be a huge game changer.

>>21648922
lmao , a shitton of countries keep putting capital controls against the dollar , the only way people can now get dollars is by bypassing capital controls through cryptocurrency and trump & mnuchin morons have done nothing to integrate the usd.

I am afraid that once the velocity of money returns the usd will get rekt if this is not fixed , the ammount of countries adding capital controls on the usd is increasing fast as fuck at the same time than russia & china are abandoning it.

bump

>>21641053
IF u belonged here you would also own link. You have to go back nigger

>>21638357
I was one of these anons.

Inflation is coming next....and lots of it.

>>21655453
Bro, crypto is even more of a gamble than casino street. What is the reason for your allocation? What are the sources of risk that you are trying to account for by doing so? Is it just a matter of inflation, or is it something more broad like preservation of capital, or is it something concrete like reducing political risk? What kind of trends do you want to take advantage of, and what are their timeframes? What is the upside that you expect: is it the formation of a new method of effective transactions, or is it a trusted, stable source of value? Do you see people wanting to offload their funds in some way, and what do you expect that to look like?

These are the tricky kinds of questions that dictate portfolio management strategies. Sounds like you've got a good plan. If you want me to validate your altcoin picks, I'm sure ALGO and LIT are as good as any. I don't know much about them other than seeing the logos once or twice, but I'll dig in over the next week or two and maybe they're worth a little bit. And you can't go wrong with a suicide stack in something that you believe in. Go with your gut bro. If you have a bad feeling, isolate the fear, eliminate it, and then if the bad feeling persists, trust it. It should be fuck yes or no. There's enough conflict in the world, no one should spend the life generating more for themselves and second-guessing.

>>21640402
So how are my 9/30 SLV $27.00 calls going to do? kek

>>21655323
Because the majority of people want a single unified currency, backed by the same standard everywhere, and useable everywhere. Dollars are like that right now, but there are obvious limitations with the USD. We are in an economic world war right now and we have to beat China to digital universal currency.

bump2

>>21655933
ALGO is a Proof of Stake that's headed by and MIT professor looking to make transactions that are much faster and secure, as opposed to trading with ETH. It's only .60 right now, and should it take off the potential is it's ability to actually battle ETH as a means to trade into other alts. That's the one I'm truly believing in. LIT is due to launch their mainnet end of Q3/early Q4. Supposedly solving scaling problems that ETH can't seem to hurdle. And with ETH 2.0 not being a thing, I'm branching out into their alternatives. That's the speculative side. From a political standpoint, gold/silver is what makes money what it is. The endless printing has reached beyond meme status and is going fuck everyone that's heavy into it, and I'm not trying to get caught up in that shit storm. Metal value is pretty static, and does increase over time save for all the paper pumping/dumping that can cause swings, which like the printing meme, has kicked into overdrive this year. It's the ultimate hedge (metals). Crypto is very much the wild west, and general sentiment seems to suggest that while a lot of normies just won't get out of their bubble, there is a general perception among people that it's time for a divorce from the way our monetary system has been for ages. Crypto is a new avenue of escape, and metals are a tried and true asset that's held up since...well, forever.

Thanks for giving me extra insight as to why I'm hedging. Making it is one thing (the upside), but the way the global economy is going up flames we all need to also be on guard, and this is my way of going about it.

can't let this good thread die

>>21656569
People don't want a single unified currency. Maybe some people think we do, and maybe we act like we do, but what we really want is to be able to interact with each other without being afraid of being ripped off or taken advantage of. No cryptodollar will bring that about. A single unified currency is not the solution. There are no solutions, there are only alternatives. By providing alternatives, you enable choice.

Money, or rather, the representation of personal value as perceived by the collective, is an open, complex adaptive system with fundamental natural nonlinear structures, subject to internal and external forces, inherently stochastic in nature. In other words, any economic and financial system results from the interactions of people. As a result, any single store of value is highly unlikely to provide accurate representations of reality and its only viable use is as a means of taxation and control by those who control it. This is chaos theory 101.

>>21645221
Just today I challenged my doctor friend on Covid he works directly with Covid patients.

He basically said same thing. Death rate is low but...it's a very enduring illness that still has too many unknowns to just consider complete bullshit. He compared it to herpes, aka, it won't kill or cause widespread chaos but it will fuck your life up to a degree above common cold.

Take that for what it's worth.

>>21657668
Also a MED fag here

It’s very much like herpes, except flair ups if you don’t take care of yourself can cause you not to breathe well or your heart to fail.

It’s most ya meme for the majority and honestly nothing you can do about it. We’ll all eventually get it. Sleep well, work out, take vitamin d (this is huge read up on it) and we’ll all make it.

>>21650364
This.

For a decade my entire focus was to hit 2.5 mil be and largely coast on cash

From two years ago though...I'm just consistently losing faith in the dollar

>>21657872
We must change with the world

This thread proves that 4chan are high IQ but broken people who would rather shit post and try to get rich quick rather than use their intellectual gifts in the real world

>>21641673
when gold makes a 10x bitcoin does a 1000x tho

>>21658703
This thread is a bunch of pseudointellectual jargon speak

It's the equivalent of listening to Eric weinstein yap about nothing but because he speaks in complex English he comes off as smart

>>21657811
what about aspirin? Covid mainly does damage via blood clots

>>21658703
I dont think anyone has asked what any of us are doing to move the needle. I'd be surprised if there weren't a few here who are devoting their lives to some higher purpose, but troll around for shits every so often. Making money, having fun, and being good are not mutually exclusive.

>>21658785
Name calling doesnt accomplish anything but outing yourself as an insecure little faggot who doesn't understand basic English when it comes packaged in more than one syllable. But srsly, this is all pretty coherent. Good insight into how people think when they're not bashing others all the time.

Why does the stock market crash when bond yields rise?

>>21659085

Bond yields offer a rate of risk-free return. Hence, when you artificially depress them with Q. E., you force people out of safety, and into other ways of spending their money. This is why we have had the largest housing bubble, and now the largest stock-market bubble, in history. It is the reason why all wealth is concentrated in a few hands, and nobody under the age of forty can afford a house. It is why young people feel trapped and hopeless. At any rate, when your asset-bubbles are as enormous as ours, and you ease liquidity, and allow that rate of risk-free return to come back, it doesn't take long before you cause the whole market to crash, as we saw in late 2018 (see >>21646159).

Low bond yields are also the reason why gold will rise. Gold rose 25x, from $30 to $850, in the 80s, because bond yields then, as they are now, were really negative. Treasuries were jokingly called "certificates of confiscation," because, after inflation, when buying a bond, you lost an enormous amount of your money. Gold subsequently crashed from $850 to $200 when Volcker allowed yields to reach true-price discovery, which was 20%. To allow yields to do this would be politically impossible now, because the asset-bubbles and balance-sheet are so colossal. In short, because the economy is so much sicker. A politician would have to be willing to cut all social programmes, most of the military, and allow house-prices and stock-prices to crash by 90%.

>>21659508
Back then when Volcker allowed the free market to set yields did it also cause bubbles to pop?

>>21659591

In the 70s and 80s, gold was actually the asset-bubble, which is why I mentioned its collapse from $850 to $200. The Dow was in the gutter. Adjusted for inflation, it reached an extreme low not reached since 1949; although, when we don't adjust for inflation, it falsely appears to have been going sideways. People were exiting the dollar and dollar-denominated stocks, and entering gold, in anticipation of a hyper-inflationary collapse. The same thing will happen this time; if yields stay low, we'll see a crash of the stock market in "real" terms, but not, as in the crash of 1929, in nominal terms. At any rate, Volcker was able to avert a dollar crisis by allowing yields to rise. At the present time, gold, silver, and mining-stocks, are vastly undervalued, and stocks and real-estate are vastly overvalued, so it is the latter things which have everything to lose, and the former things which have everything to gain.

>>21659591

In the 70s and 80s, gold was actually the asset-bubble, which is why I mentioned its collapse from $850 to $200. By the time Volcker allowed yields to rise, the Dow was in the gutter. Adjusted for inflation, it reached an extreme low not seen since 1949; although, when we don't adjust for inflation, it falsely appears to have been going sideways for a decade. People were exiting the dollar and dollar-denominated stocks, and entering gold, in anticipation of a hyper-inflationary collapse. The same thing will happen this time; if yields stay low, we'll see a crash of the stock market in "real" terms, but not, as in the crash of 1929, in nominal terms. At any rate, Volcker was able to avert that dollar crisis by allowing yields to rise. At the present time, gold, silver, and mining-stocks, are vastly undervalued, and stocks and real-estate are vastly overvalued, so it is the latter things which have everything to lose, and the former things which have everything to gain.

>>21659839

>>By the time Volcker allowed yields to rise, the Dow was in the gutter. Adjusted for inflation, it reached an extreme low not seen since 1949; although, when we don't adjust for inflation, it falsely appears to have been going sideways for a decade.

(See picture.)

Finally, a good fucking thread.

>>21660310
aaand its dead

>>21659872
Thanks for the replies very interesting, would you ever advise that somebody who has spare cash buy bonds? Are the yields just to low to justify holding

>>21638357
QE is essentially a soft form or an implicit form of YCC although FED does not want to admit. When FED is buying treasuries it is overriding the free market pricing mechanism and essentially pushing down yields. The only way this differs from formal yield curve control is that FED has not publicly capped the yields but instead they just buy some "random" amount of treasuries to keep the yields lower than they should be in the form of QE. It is possible that the FED never admits to doing YCC but if they at the same time buy tons of treasuries they are de facto doing it by artificially surpressing the yield curve. This year by far the largest part of treasuries have been bought by the FED and not private investors.

I mentioned here >>21660939 that, in times of a currency crisis and high inflation, a bond is the worst thing which a person could possibly buy. Because he guarantees that he will lose some, most, or all his money. Even mainstream stocks are dangerous, because most of these companies are kept afloat only by debt and the ponzi financial system. The safe-haven asset which must be bought in times of negative real yields is gold.

>>21638393
>>21638426
f2pb2p we ape market nigga

>>21660939

I mentioned here >>21650391 that, in times of a currency crisis and high inflation, a bond is the worst thing which a person could possibly buy. Because he guarantees that he will lose some, most, or all his money. Even mainstream stocks are dangerous, because most of these companies are kept afloat only by debt and the ponzi financial system. The safe-haven asset which must be bought in times of negative real yields is gold.

What about investing in alternative energy right now?

>>21660939
Yeah what this guy >>21661073 said.
Because of the enormous debt they are constantly devaluing the dollar and serving the debt in that way which makes dollars and treasuries the worst possible asset to hold. If you hold dollars or treasuries you are quaranteed to lose money over time. In the case of currency debasement the best assets to hold are hard assets, i.e. real estate and real money=gold. Stocks might also work but in general they are bid up so high that I would atleast stay away from the large indices.Specific sectors and specific companies might still be a good buy.

Thanks for the replies guys. I was wondering if anyone else really sees crypto playing any sort of large part in the world. Not sure what anything regarding the great reset is either if anyone wants to chime in and help me get up to date.

>>21640402
this.

WHICH SILVER MINERS (EURO OR CHF DENOMINATED SHOULD I BUY ?
>WHICH SILVER MINERS (EURO OR CHF DENOMINATED SHOULD I BUY ?
WHICH SILVER MINERS (EURO OR CHF DENOMINATED SHOULD I BUY ?
>WHICH SILVER MINERS (EURO OR CHF DENOMINATED SHOULD I BUY ?
WHICH SILVER MINERS (EURO OR CHF DENOMINATED SHOULD I BUY ?
>WHICH SILVER MINERS (EURO OR CHF DENOMINATED SHOULD I BUY ?
WHICH SILVER MINERS (EURO OR CHF DENOMINATED SHOULD I BUY ?
>WHICH SILVER MINERS (EURO OR CHF DENOMINATED SHOULD I BUY ?
WHICH SILVER MINERS (EURO OR CHF DENOMINATED SHOULD I BUY ?
>WHICH SILVER MINERS (EURO OR CHF DENOMINATED SHOULD I BUY ?
WHICH SILVER MINERS (EURO OR CHF DENOMINATED SHOULD I BUY ?
>WHICH SILVER MINERS (EURO OR CHF DENOMINATED SHOULD I BUY ?
WHICH SILVER MINERS (EURO OR CHF DENOMINATED SHOULD I BUY ?
>WHICH SILVER MINERS (EURO OR CHF DENOMINATED SHOULD I BUY ?

>>21661962

SIL and SILJ are the ETFs if you want to obviate risk. Small-caps offer far more leverage, but also far more risk. Only put between 1 and 3% of your net-worth into any one small-cap. The best silver small-caps are:

Discovery Metals, Callinex Mines, Dolly Varden, Fireweed Zinc, Tinka Resources, Bayhorse Silver, Impact Silver, GR Silver, Defiance Silver, Blackrock Gold, Aztec Minerals, Metallic Minerals, Vizsla Resources, Great Panther Mining, Aurcana Corporation, Silver Viper.

>>21661405
I'm wondering what anons think about xrp, seeing as the narrative behind it seems to have been about gold and this "great reset" for a good while now.

>>21662165
What will the great reset mean though, I get the feeling it will just be some global warming type nothing burger shit or something

>>21662278
Judy Shelton (Trump's economic advisor and fed nominee) wrote a paper "New International Monetary System" two years ago and described it. See:
>>21653169
>>21653208

>>21662165
as far as I can tell XRP is a useless stopgap coin used to 'crowdfund' a private company (Chainlink) until they switch to using some new crypto that the US government and banks create).

Lots of people seem convinced it's the next BTC, but I don't see how all the huge names involved with Chainlink wouldn't have snapped it up already if it had a future. I do have a small stack as a hedge though.

>>21662376

Thank you, this was interesting to read. In relation to Judy Shelton, I think it would not be out of place to point out that Howard Buffett, the father of Warren Buffett, predicted everything that is going on right now in 1948. He gave a speech in the U. S. congress called "Human Freedom Rests on Gold-Redeemable Money," and said that paper-currency would cause America to become a totalitarian welfare-warfare state. He speaks of the same "cheating by governments and central banks" which Judy Shelton alludes to.

*

"The subject of a Hitler or a Stalin is a serf by the mere fact that his money can be called in and depreciated at the whim of his rulers."

...

"The paper money disease has been a pleasant habit thus far and will not he dropped voluntarily any more than a dope user will without a struggle give up narcotics. But in each case the end of the road is not a desirable prospect

…

Unless you are willing to surrender your children and your country to galloping inflation, war and slavery, then this cause demands your support. For if human liberty is to survive in America, we must win the battle to restore honest money.

…

I can find no evidence to support a hope that our fiat paper money venture will fare better ultimately than such experiments in other lands. Because of our economic strength the paper money disease here may take many years to run its course. But we can be approaching the critical stage. When that day arrives, our political rulers will probably find that foreign war and ruthless regimentation is the cunning alternative to domestic strife. That was the way out for the paper money economy of Hitler and others.

(1/2)

>>21662566

With a restoration of the gold standard, Congress would have to again resist handouts. Congress would be forced to confront spending demands with firmness. The gold standard acted as a silent watchdog to prevent unlimited public spending.

...

Today Congress is constantly besieged by minority groups seeking benefits from the public treasury. Often these groups control enough votes in many Congressional districts to change the outcome of elections. And so Congressmen find it difficult to persuade themselves not to give in to pressure groups. With no bad immediate consequence it becomes expedient to accede to a spending demand. The Treasury is seemingly inexhaustible. Besides the unorganized taxpayers back home may not notice this particular expenditure -- and so it goes."

https://www.goldmoney.com/images/media/Files/Educational/Howard-Buffett-explains-money.pdf

(2/2)

>>21662566
>>21662600
That's very interesting anon. Thanks for sharing. I'm curious though, since Judy Shelton thinks bringing back the gold standard involves some cryptocurrency, do you think XRP would play a part in this? Or would it be some other coin? (also nice double double digits)

>>21662079
Best gold small caps? And what about alternative energy - good investment right now?

>>21644992
and what is coming next?

>>21662882

Gave my opinion about cryptocurrency here. >>21650391 As you can see, I am just as unfavourable towards it as Peter Schiff. I don't know much about XRP, but, from my point of view, I would rather buy a junior gold miner and know that it will go 100x than gamble on which cryptocurrency may or may not succeed in the future. But other people may be more informed about this matter than I am.

>>Best gold small caps

Surest choices: Wallbridge Mining, Novo Resources. More speculative choices: Bluestone Resources, Spanish Mountain Gold. Most speculative choices: Euro Sun Mining, Goldquest Mining, Gold Terra Resources.

>>21662943

>>And what about alternative energy - good investment right now

Doug Casey argues that our running out of oil is impossible. I tend to stay away from alternative energy, because there is so much lying and corruption in the industry. I simply stick to my mining stocks.

https://www.caseyresearch.com/daily-dispatch/doug-casey-we-will-never-run-out-of-oil/

https://www.lewrockwell.com/2020/02/doug-casey/doug-casey-oil-isnt-alternative-energys-enemy/

https://www.breitbart.com/europe/2017/01/06/delingpole-green-energy-charter-crooks-liars-scam-must-end-now/

>>21663160
With this enormous debt bubble the US is having it needs to be paid, too much debt and the bubble bursts and economy ceases to function entirely.
XRP being a tokenization token (It won't be backed with just gold but with other valuables).
The debt obviously cannot be paid with dollar, but what if they use a token of value that's backed by value?
You get the picture, but paying debt isn't the primary function the quantum financial system, they're planning to use it for international banking transfers as the dollar lost its purchasing power.

https://charleshughsmith.blogspot.com/2020/08/the-empire-will-strike-back-dollar.html?m=1

>the domestic economy (and the stock market) are sideshows compared to the primacy of the mandate to maintain USD supremacy as the one and only essential reserve currency.
>Now that this one-off emergency response (QE) has done its job, the Fed has to switch back to defending the dollar's value. The clueless punditry is absolutely certain that the Fed is going to drive bond yields to zero or even below. The reason why this is clueless is the punditry are only looking at the secondary mandates of the Fed and ignoring its Prime Directive: maintain USD supremacy.
>Pushing rates negative and flooding the global economy with USD is a sure way to reduce scarcity and demand, so those are not going to happen.
>Rather, U.S. yields will start rising--maybe in fits and starts, but they will start moving up longer term. And the Fed isn't going to over-supply the global economy with dollars; they're going to start limiting the excess issuance, not publicly but behind closed doors.

>>21663303

Can't stand people like this who make every sentence a paragraph, as if they presume their readers are too stupid to read a paragraph with more than one sentence in it. It's the true definition of Reddit spacing. At any rate, to go through some of his points,

>>what all those proclaiming the death of the USD are saying is the Imperial Project is consciously choosing suicide

No; what we say is that the U. S. has no choice at this point. The dichotomy is hyper-inflation or default, and hyper-inflation is the only politically expedient choice. The U. S. is not wilfully choosing suicide; it is forced to commit suicide.

>>The USD-is-dead crowd (and it is a crowd) present the demise as ordained by some mysterious force, as if the Empire has no will or power to resist the inevitable slide to zero.

How is the decline to be prevented then? Defaulting trashes the dollar, and causes all confidence in it to be lost. Hyper-inflation trashes the dollar, and causes all confidence in it to be lost. In either case, it loses its reserve-currency status. And apart from default or hyper-inflation, how is the U. S. to escape the debt-trap?

>>The USD-is-dead crowd also seems to overlook the inconvenient fact that all the other issuers of fiat currency are busy debauching their currencies

This only means that all currencies will fall against gold, as happened in the 70s and 80s.

>>U.S. yields will start rising--maybe in fits and starts, but they will start moving up longer term.

As has been pointed out in this thread, rising yields simply cannot be allowed. The debt is so large, and the stock-market is in such a bubble, that even a 1 or 2% nominal yield would crash the market and make the deficit too large to pay. it is that simple. Yields _cannot_ go up. That means wiping out everybody's pensions, medicare, investments, &c., along with causing all the banks to collapse, with everybody's savings inside them, and what politician is going to do that?

Quick reminder that hyperinflation also hyperinflate stocks. If you somehow can't get your money out of the country, because let's be realistic you won't be able to, bare crypto maybe, then just buy stocks.

>>21642949
I can't really afford to jump into precious metals. I did put my dad's inheritance money into crypto though and watched it grow from 18k up to now 45k. But i think I wanna start diversifying a bit more into precious metals. Is stacking silj and gdxj a good move for now? Will it do well if the market and dollar collapse? I fell for the "don't accumulate precious metals unless you have your student loans paid off and plenty of other assets" meme.

>>21663843
>I can't really afford to jump into precious metals
>I did put my dad's inheritance money into crypto though and watched it grow from 18k up to now 45k
ngmi

>>21657585
Actually I disagree with this. Some of the most prosperous periods of our time was when the world was on a unified currency... Which was gold. When more countries shifted to the gold standard, we were in a period of economic bliss. Meanwhile, countries that refused to (China for example on the silver standard) went to fucking shit. Really it's no wonder they went full blown retard with their economic policy. They got left behind hard.

I've long since been shit on this, but Bitcoin isn't solving a problem of being your own bank. I don't need to be my own bank because I can just get my money and lock it up somewhere. What crypto solves is being a currency that can't be tampered with, or inflated artificially. It is a fixed supply with fixed rules. Put simply, that's why BTC will never truly go away and why nobody will ever adopt bsv or bch fully. Bsv especially because it painfully underestimated why BTC has value in the first place.

So when the world moved to gold backed paper currency, it was simple. This much note is this much gold. Done. No fucking with forex. No financial planners. This was what our dollar is worth and everyone agreed. Now it's a fucking disaster where the feds sole goal is to undercut other countries doing the same shit. It isn't right. What makes fiat isn't being backed by shiny rocks. It is its inability to establish a strict set of rules and easily follow them. For that reason it is doomed to fail. And when you consider how successful the global economy was pre WWI and Keynes faggotry, it's hard to believe historians and economists alike sweep it under a rug.

>>21663879
I will make it or die trying.

>>21657585
>>21664193
Actually I reread your post and we are arguing for similar things I think. My bad.

>>21661133
I work in the field.

Imho and someone can chime in on it, this is a good macro bet as in the next 5-10 years countries will continue this uncoupling trend searching for energy independance. This is what the whole game is, this is what made Russia come back from the brink of the dead from the 90's until now. It's a geopolitics game for energy sources control.

I believe that the EU, Jp, SK, China etc will continue to throw copious amounts of money into hydrogen as storage + renewables as a way to curve their foreign dependency.

>>21664687
this makes sense. Stocks like $PLUG will probably do well but I don't keep tabs on those kinds of sectors. Any suggestions?

Somebody make a /pmg/ for crying out loud

>>21650425
That is going to happen. When interest rates increase most debts won't be serviceable and declare bankruptcy causing inflation. The federal reserve in response will print trillions of dollars in order to make all the financial institutions whole. That will cause hyperinflation.

>>21664193
>So when the world moved to gold backed paper currency, it was simple. This much note is this much gold.
fuck you i refuse to use your worthless paper

>>21664886
*causing deflation

>>21664893
Well so long as you can exchange the paper for gold ,there is no problem as all. The real problem is that around WWI, governments started cooking the books. But a gold backed paper became one of the best ways to transact between countries as countries understood the value of the gold reserves each had.

Solution -- an auditable cryptocurrency backed by gold. might be good.

>>21664965
>Solution -- an auditable cryptocurrency backed by gold. might be good.
fuck you

>>21640735
Because we know, dont want to explain it again, now its just a waiting game, its all so tiresome, retyping the same spoonfeeding topics sucks, just buy link and watch the world burn

>>21645168
I actually haven't heard of these.. Not do I believe it. I think many people caught the virus, my family included in December-March. It's a bunch of bullshit.

>>21665111
This and also this board is being filled and ruined with shitcoins. A large majority doesn't care about any fundamental analysis what they care about is in which exit scam coin they can potentially make 10x gains in given ridiculously short period of time.

"The inevitable outcome of direct Fed purchases and guarantees of long-term risk-free debt is, as we say, “flattening the curve” — full postmodern finance, with zero interest rates at every term. The US was the last to adopt postmodern finance, or “yield curve management” — an admission it is still rhetorically fighting. Europe and Japan were already there; Japan was first."

https://medium.com/@curtis.yarvin/the-feds-bailout-could-actually-fail-36b641f85458

>>21665201

"It is a mistake to think that a risk-asset market under the direct control of the central bank will go to the moon. The central bank entered the market as an anesthetic; animal spirits had driven Japanese assets (especially real estate) to the moon; “lending freely” is a strong drug, too; but no bureaucrat ever set out to get the world high — just to make everybody feel okay.
A deflating bubble wants to suck the money out of everything. Every bond needs to default, or be paid off. Even if the Fed buys it — the Fed does not forgive it. The US has 8 trillion dollars in corporate bonds — and 4 trillion actual dollars (M0, narrow money). That bond wants to suck all its dollars out of the world, and give them to the Fed — which does not need them.
As the everything bubble deflates, it becomes the everything run. Fiat rex! In a depression, cash is king. Everything wants to turn itself into cash, as fast as possible. "

>>21643870
>yields are low because there's buying demand on bonds.
When people say that about bonds, do they just mean treasury bonds? Because corporate bonds seem to be up...

Why would the Fed fire another bullet when they've just put risk assets back at ATH levels?
Lowering borrowing costs further isn't going to do anything but allow major entities to refi at lower rates, something they're already doing. Or sell bonds to buy stock, something they'll do at these levels anyway.
Everything the Fed does is to support risk markets.
The Fed cannot rebuild the economy after the left intentionally destroyed what they could.
The government has to do that, the Fed can only support markets until the country/govt is in a place to rebuild itself.

TLDR there's zero reason to do YCC now and in two weeks neither stocks nor PMs will care and both will be at ATHs.

>>21650468
>Decreasing interest rates will keep corporate bonds intact, but this will also spur stock price deflation and real GDP contraction.
Decreasing interest rates lead to GDP contraction? I don't think so. Cheap money increases GDP.

>>21665034
thanks for the riveting discussion lad. Glad you could really articulate your thoughts, you filthy kike

>mfw the music is about to stop

great thread, love it

>>21665263

Speaking for myself, when I say "bonds," I mean U. S. treasuries, and when I speak about "the yield" or "yields," I am almost always referring to the ten-year.

>>21665826
Same. Great thread.

>>21665034
lmao

>>21665826
>margin call
absolutely pure /biz/ kino, better than the big short which is reddit tier at best

>>21665741
there is pax gold if you want an audited gold "stable"coin.
https://www.paxos.com/paxgold/
(do your own research)

>>21665949
Thanks. I'm thinking of moving into corporate bonds and gold/silver, thoughts?

>>21661013
Yes. We obviously don't have a free market. Instead of market actors deciding these broad macroeconomic points for economic reasons, it is a matter of policy set by authority structures for political reasons. For all intents and purposes, capital markets are centrally planned.

>>21666843
yeah i love PAXG. I think it's one of the best examples of the power of crypto. I'm sure the fed will just make up some BS excuse to seize their gold though.

I bought SLV last week. Have i dun goofd??

>>21667825
If you don't hold it, you don't own it. If it must be paper, PSLV would be better, because if things get wild, JPM will fuck you.

>>21664965
So more fiat?

>>21668454
fiat and backed paper currency are different friend

what

>>21638357
the federal reserve is powered by treadmills operated by sprinting niggers

>>21663160
crypto is already the ideal form of global monetary trade
why do you think metals would override that?

>>21640653
remember when, in the aftermath of the Virus release, numerous important Senators outright stated the America will nullify the USA debt that China owns?

seems like that's in play

>>21658850
Won’t prevent/help you fight it off

Blood thinners are a late stage treatment of heavy infection you’re already at the end of the road if you’re on them.

Key is optimizing yourself before you even get it so it’s a non-issues if you do and your body slowly fights it off instead of a sudden shock.

I have no qualms about getting it. I work out, sleep well, take vitamin D, and I’ll be on HCQ and zinc if I do get it.

>>21665741
you want people to hand over their PMs for paper/bits on a blockchain but i'm the kike. ok faggot

>>21669294
I have never ever seen this end up going badly. It feels like a very sound plan and not at all prone to abuse and fraud. I mean, you can totally see that the gold is really there by verifying on the blockchain. It's immutable. So the gold would simply have to be there.

>>21669127
That's not enough to move the needle in terms of monetary and debt policy. Even if we defaulted on the Chinese trillion, we're still in a more fucked position than we were at the end of 2019, and things were already starting to unravel at that time. So the Chinese debt is a distraction and solves nothing. And I'm not saying we shouldn't void their debt. They've pilfered us for decades and it is really they who owe us. I'm just saying that such a move doesn't help us and might end up hurting us by accelerating abandonment of the dollar as it would be a very bad precedent to set.

>>21669294
Kikes have a vested interest in a monetary system that isn't easy to transact with. They love a currency they can manipulate more, but physical metals are frankly much more difficult to transact with at the scale we do today. You're free to deny that all you want, but history basically has already proven me right.

>>21669677
Oh I know it isn't enough, but think of cancelling the debt in context of what that will do to China. Straight up numbers of mass destruction.

this is incredibly interesting. monumental changes on the horizon

I've been working in IT for a wall st firm, and I've been learning about the various concepts like the yield curve etc. I must say this has been one of /biz/'s peak threads in recent months.

Bump epic thread

>all these pseudokeynesian faggot ITT
pathetic, embrace the clowning

>>21662383
>XRP
Ripple.
XRP is part of Ripple...not Chainlink.
And no, not the next BTC.
XRP should be viewed as a carrier and not a currency in and of itself.
In the simplest terms, imagine that somebody built a 200mph car when roads were still dirt.
Even though the car is capable, it would be limited by the road conditions it traveled on.
This is the issue Ripple ran in to with banking.
So they switched strategies.
They started building new roads for their fast car expecting that if the roads are better then everybody will want a faster car.
They're partially right, but the real problem is that they aren't the only fast car builder anymore (though they may arguably have the fastest car), and now everybody can use their roads for free.
The upside to this is the banking sector has been working with them long enough to trust them and have intimate knowledge of the fast car.
Newcomers to the space don't get that much attention because their product hasn't had as many track days, their cars usually don't even have the proper safety equipment and nobody can be sure of the reliability.

>>21640402

Where do you learn all that's necessary to make sense of this? I'd love to get more into it but not really sure where to begin.