/biz/ - Business & Finance

If /biz/ lets this thread die I will eat my hat

>>21894661
have a pity bump

Non pity bump

meanwhile Bella Thorne collects millions and millions of dollars by posting sfw selfies

>>21894585
The US dollar is shit but guess what, so is every other fiat currency out there. There's a huge liquidity squeeze around the world right now and the demand for USD is through the roof, you're delusional if you think it's going anywhere in the next couple of years.

In fact, as things are looking right now, they could dump over 10 trillion dollars on the market tonight and the market would still gobble it up

>>21895651
>10 trillion dollars
kek you're retarded. https://fred.stlouisfed.org/series/M1
digital dollar incoming

dollar wont collapse

>>21895651
>>21895959
cope

>>21895651

All fiat currencies will collapse against gold, just as they did in the 70s and 80s. Anybody who isn't going all in on silver and gold right now is a fool. Also mining stocks. I recommend Impact Silver.

Can anyone explain to a zoomer why the DXY crashed so hard in 2002?

>>21895435
Will mean nothing if she does not buy gold or BTC before she hits The Wall.

Why are the brainlets on this fucking board bumping shitty P&D crypto shill threads instead of discussing shit here? /pmg/ is the only sane thread left on this god-forsaken board.

>>21895435
>Believing onlyfans fud

>>21897514
something tells me this time will be different

Fed will defend the dollar, and it's the least bad currency because there's still a lot of dollar denominated debt that creates demand. Plus there's nothing in the world that can do what the dollar currently does in trade. Long term it's in deep shit, but for now, I think the fed can keep the game going for a little longer.

>>21894585
Get some Goldbacks! Goldback.com check em' out. Any opinions on the UPMA?

>>21898164
Housing bubble?

>>21898164
9/11

>>21895651
Exactly this. Once people start to go bankrupt and they start forgiving loans, we'll actually see deflation

>>21894661
This is mostly in /pmg/. /smg/ usually seems preoccupied with shitcoins and horsey.

>>21899417
>Once people start to go bankrupt and they start forgiving loans, we'll actually see deflation
This is wrong. Debt forgiveness will be inflationary. The existing debt acts as a sponge for cash. The asset to the bank, more likely the fed balance sheet, will also disappear and likely free them up to expand more under the guise of "stability".

>>21894585
The dollar will die next summer
https://www.fnlondon.com/articles/the-davos-gathering-of-global-leaders-delayed-to-summer-2021-due-to-coronavirus-20200826?link=mktw

>>21898917
I bought some of those, they are awesome. The future is bright and shiney

>>21898396
/biz/ has always been about crypto. and i don’t even own crypto, i just like the memes and occasionally there are good threads on here

What will life in America be like when the dollar crashes?

>>21899331
This and The War on Terror starting

>>21900149
>crypto
Bitcoin's white paper states that it's a reactionary project against the federal reserves socialization of corporate losses. The whole fucking board should be able to discuss dollar collapse.

>>21894661

So the dollar currently maintains its value because there is a demand for it in the international economy. Its highly fungible, easily accessible, and relatively stable.

What is a better alternative to the USD? The closest thing would be the digital Yuan, well..because its digital. The Yuan itself is weak, volatile, and many of Chinas own elite don't want it. Not to mention China isn't very trustworthy on the world stage.

So the digital Dollar, if and when that's created, would solidify the USD as the world-reserve currency moreover for the foreseeable future.

Unless BTC somehow scales, drops in transaction fees, and the geopolitics behind money make a seismic shift (highly highly unlikely)

The only thing that keeps the Dollar valuable is people thinking it's valuable. As soon as people don't see it as valuable, it's over. That simple really.

>>21900352
Gold and silver buddy.

>>21900408

This is true but an oversimplification. I would revise this to say: As long as other countries and international megacorporations think the USD has value, then the USD has value

>>21900311
i agree but he’s asking why people only bump PnD threads. it’s the origin of this board, made for the sole purpose of containing crypto PnD threads that were flooding /g/

>>21894585
the dollar will never collapse, and my comfortable american life will never go away

>>21900500
That flew past me, got it -

>>21900465

Yes but Gold/Silver as its exchanged now is extremely inefficient in today's globalized economy.

The best method for transitioning to a Gold OR Silver (i dont believe Bimedallism has ever worked due to Gresham's law) would be to have an NGO owned holding facility with 1:1 backing of gold/silver tokens verified via blockchain.

Then you can create highly fungible gold/silver-backed stable digital currencies.

However this much concentrated wealth (the world's wealth essentially) could cause rampant corruption and you know the fucking Rothschild's, Cooks or Morgans 2.0 will come in and fuck it all up again with pyramiding (aka fractional reserve banking)

>>21898396

This is a real post which a crypto person made when I was arguing with him about gold. I'm not joking.

>>21900604

Also where would the reserves for this even come from? Youd have to take over the world and convince every country to give you their gold and give up their sovereign monetary systems

Seems like something the antichrist might be about

>>21900472
Yes that's more of what I mean, thanks.

>>21900352
>What is a better alternative to the USD?
Reserve RSV (Backed by Peter Thiel of Paypal)

All thanks to kikes and the FED which gets more power for the crashes they admit they caused.

>>21900811

>kikes

Keynesianism was invented by a gentile, and most advocates for Austrianism and gold have been Jews. (Mises, Rothbard, Irwin & Peter Schiff, Henry Hazlitt, Walter Block, etc.)

>>21900218
Depends on what the government does beforehand. They could do monetary reform before everything implodes and avoid the consequences by treating the disease ahead of time. Or they don't and we will probably see a depression unlike any other before.

>>21894585
Fiat currency's collapse gives me a lot of vindication to all the people who called me a nutjob 10 years ago when I said this shit would happen. But at the same time I could see cryptocurrency becoming heavily regulated and used as a means to further control us.

>>21899679
are you retarded? debt based money evaporating/being written off is deflationary.. UNLESS these shitbags print fed tickets and effectively bail the lenders out by paying them off. that is more fucked than I am willing to imagine tho.. and probably exactly what will happen.

>>21895435
Who tf is Bella Thorne and why does anyone give a shit about another roastie?

>>21894585
The true redpill is it's a race to the bottom for all currencies. At times the dollar will lead, other times the euro will lead, and other times the yen will lead. There is not going to be a massive dollar collapse anytime soon.
You have to ask yourself how can I profit off all this? The true chad move is to trade FX.

>>21900664
>where would the reserves for this even come from
You could easily measure things in milligram and denote it down to nano. It's just that there needs to be a sound currency.

>>21900847
ya.. they know how it REALLY WORKS.. and instead of using that knowledge to enrich humanity ((they))) use that knowledge to steal and hoard as many global resources as possible and to enslave you.

>>21901081
>t. boomer

>>21901126
Sorry son I can't hear you over the sounds of all my profits.

>>21900916
>UNLESS these shitbags print fed tickets and effectively bail the lenders
The fed or teasury is the most likely to hold the debt, especially at that point. It's also inflationary because it really does come down to MV, not M3. Increasing M3 creates potential.

>>21900916
Debt jubilees lead to increased velocity, since most of the consoooomers don't have to spend 40% of their income of debt obligations all of the sudden, and can waste it (not like it was getting invested anyway).

>>21901168
>forex profits
kek anon... kek

>>21900352
>>21898907
>>21895651
Dollar Milkshake fags need to re-evaluate. We are not having a stronger dollar.
The foreign central bank swap lines were barely used compared to 2008, and since June, 80% of those assets have already been swapped back off the Fed.

>Inflation
I know PCE index is a meme, but this is what the Fed uses for its target. In fact they use the memiest one that doesn't include food and gas prices. Core-PCE increased 0.37% in June 2020, and the "NowCast" for July is 0.48%. So we are on track for annualized core inflation of 5% (real inflation of +15%). This means at tomorrows Hole meeting they will announce 1. less QE, OR 2. that they want more than 2% inflation.
1 = the top sets in the equities market.
2 = weaker dollar.

>QE is deflationary
I've heard this argument too: "QE stops at the banks. QE leads to increased leverage and increased risks when default happens, ergo less lending happens; Heavy leverage (debt) will constrain fiscal policy."

I don't see how this plays out either. Deleveraging happened in March with corona. Private sector laid off all the useless labor and dumped their bags. Fiscal spending is for sure going to happen. Trump will dump it into the military (confirmed), and Biden will absolutely have plenty of shit to spend on.

Weaker dollar 100%, barring some yolo announcement tomorrow - like we going back on the Gold standard or blockchain or something.

ITT: Delusional kikes and niggers

The US dollar is entering into the strongest period we have ever seen. America is on the rise, and very soon we will solidify our position as the supreme earthly authority for the next 10,000 years. All non-americans should begin to integrate this idea into their minds, and be ready to accept the one and true apex society, the American people.

>>21901535
Cap it:

Silver revalued to the equivalent of 4,000 USD, gold revalued to the equivalent of 60,000 USD. The only way out is through.

>>21899778
they need a little more time.
https://www.weforum.org/great-reset

>>21901535
>>21901717
fight

>>21901717

Have a bumperino.
Niggers tongue my anus.

Oh no! The dollar has collapsed to lows not seen since...January! What ever shall we do? Better buy worthless boomer rocks!


>>21901860
Of all the words of tongue and pen,
The saddest are these,
/pol/ is right again

>>21894585
Largest stockpile of functional nukes. Next

>>21902014
Nobody here is trying to tell you that the US is due for collapse, just its current iteration of currency. The fact that you can't separate the state and the cash it uses in your head speaks volumes to your programming. The US was due to be the sole global power of the century due to demography and geography, but it will need real money that actually stores value and allows the engine to run. Until recently economists understood that money was economic engine grease. MMT retards believe that the money is the engine itself. They keep pouring gallons of synthetic blend into the hood of a car with a hole where the engine block should be, and wonder why it won't go.

Dollar will rise higher, then eventually collapse.
Dollar bears vastly overestimate the power of the Fed and overplayed the brrrrrrr meme.
We have no dollars hitting John and Suzy burger anytime soon, there is gridlock in Washington.
Even if we started cutting 1k monthly checks to everybody today, it wouldn't appear in the economy for some time. With 1/3 of homeowners missing payments it will be quite awhile pushing all the foreclosures back. If you're not in foreclosure you're paying off student loans or credit card debt with you neet bux. And if you're not doing that you're paying medical debt.
Very few of those neetbux make it back into the general economy to cause increased competition for resources.
The 93 DXY handle is the bottom for quite some time.

>>21902196
>completely wrong

>>21902092
Would you mind telling me what targets specifically that you'll invade or annihilate in order to retain consumer confidence in the USD? You mind telling me how many of your military personnel (to say nothing of the civilian contractors and manufacturers) are going to work for money that is worth less by the second? For fuck's sake the US Navy has been providing global shipping security for free since WW2, and you think they couldn't have forced all trade to be in their currency with that pressure already?

You must be at least 18 years old to post here.

>>21901535
Good post, thanks

>>21902319
I’m just trying to point out that op’s assertion that the US’s military clout is undermined by fags and trannies. Kindly remove the stick from your rectum

>>21901535
You don't think they'll announce less QE tomorrow?

>>21902160
>show the broad trade weighted dollar index
>autistic ranting about dah state and "iterations of currency"
nigger your entire thesis is that the USD as we know it will collapse, and I posted a chart showing it has "collapsed" to january levels, which is still historically high

I don't give a fuck about your wack job theories and crying about programming, I care about the objective fact the USD is doing fine and you're just a bitch

>>21900916

I don't think Lenders like inflation.

Inflation means the money theyre getting back for the money they lent out is worth less, right? Or am I a brainlet

>>21901860
No, /pol/ isn't anywhere near that bullish on America's future.

Economic history fags, what are the historical implications of the FED announcement tomorrow? Are we in an unprecedented environment or are there similar events in history to what we're experiencing now? It seems other crashes have been under different circumstances.

>>21902940

>he doesn't know

>>21902955
can we get some collapse kino going?
https://www.youtube.com/watch?v=c7nP9mJgMrI

>>21903360
is my messy baby stack kino?

>>21894585
Are rubles worth holding?

I feel like once America falls they'll be the default currency

They're always backed by resources

>>21903360
damn this is some intricate shit

>>21902014
This is what those dollar milkshake fags kind of get right, but they miss that every fucking currency is getting its shit fucking pushed. Even if the dollar comes out on top, it's on the top of a flaming pile of shit.

>>21899331
Holy shit I didn't even that. I was thinking maybe something to do with the NASDAQ bubble popping and the ensuing recession
>>21900240

>>21894585
>Pretending that market forces are an immutable law of nature
>Pretending even immutable laws of nature are immutable
The people that invented the airplane, the submarine and the spacecraft would like a word with you.

Quite simply, things won't collapse completely because man wants it that way, and nothing can stand up to the force of humans wanting things. Oh sure, we'll have another 20-year round of famine, economic tightening and probably a few civil wars, but we've done all of that before. Again, and again, and again.

>When does the world finally say enough?
This isn't how the world works, man. People aren't ever going to say 'enough' on an individual basis until their individual livelihoods are threatened, just like in every other collapse. Each person will watch as neighbors and friends are dragged away in the hopes that their bloodline will survive. The one thing people won't do is give up whatever stability they have left to do something so insipid and useless as 'make a stand'.

People are becoming rather keenly aware that governments don't really give a shit what you want. At worst they'll ignore you until you go away, at best you'll be given some token changes. Sticking your neck out will only get it chopped off.

Until a public figure (read: demagogue) comes along, promises to take matters into his own hands and put his own head and fortune on the line for the poor people of a nation, something that has happened so seldom in history that you can count it on your fingers, things will remain the same, caught in a 250-year economic cycle.

>>21904280
>At worst they'll ignore you until you go away
No, at worst they take everything from you and drag you out back to be dismembered by their thugs after killing your family.

>>21904280
You have to be 18 to post here.

>>21902014
>https://fred.stlouisfed.org/series/M1
what does this chart mean?

>>21905237
>M2 increased proportionally
Kek

>>21894585
bump

>>21894661
sometimes you have to bump your thread 2-3 times for anons to have a chance to see it

>>21901535
good post, ty

>>21900618
i hope he was just being ironic in that pic
but with all these goddamn zoomers it's hard to tell

>>21906033
It's a shame this thread isn't really supporting itself.

>>21903360
saved

>>21906252
yeah, fuck
i'll try and help but we need more good posts in here
if i could provide any insight i would

>>21906252
Just goes to show how little we actually know. I am still confused on the shadow banking credit shit thing
For fuck's sake, they leave it out in the open but we don't understand it completely. But I would wager it's so simple: they run the board and control us using literal digits on a screen and paper in our wallets.
The minute we pick up a job and chase the dollar, it's over.
Currency is a drug and there ain't enough for us little people to go around.

First hit's free, kid.

>>21906535
>Currency is a drug and there ain't enough for us little people to go around.
all i know is every fiat currency, eventually, fails
we probably will be no different

>>21906415
Well, not too many can really provide sound insight unless we are discussing something well documented like a dual currency system. This QE thing is brand new and we, academics included, cannot tell what the fallout will be. The material aspect seems to be that we've seen two sets of policy enacted, where there is socialized losses for those with the most resources while the poor get no such benefit. This divergence might be principally responsible for the global distrust in fiat. unless you want to start making a paper trail following money/debt, PM movements, btc addresses, or something similar, I don't know how much more there would be to add that isn't speculation.

>>21904280
>>21894585
>When does the world finally say enough?

The individual will say enough when the percived risk of not saying enough exceeds the risk of saying enough.

>>21901535
>I don't see how this plays out either.

The problem is debt allowed asset valuation to get out of control and we're stuck with a bubble. The solution is to revalue assets correctly sans debt, but doing so means upending deep (rotten) roots of our financial foundation.

We know WHAT we need to do: accurately price assets without fiat debt fucking things up...again...and...again...and....again. Enter based money. That's the easy part.

The hard part is HOW do we do this. There's no easy path and the risk/pain of kicking the can down the road has always been perceived less as addressing the problem now.

Sooner or later either it will not be possible to kick the can any further and/or the public, in general, will perceive the risk of kicking the can to be greater than addressing the problem in the here and now.

Curious to see what Powell says tomorrow.

>>21906535
>For fuck's sake, they leave it out in the open
They don't. Most of these reports obfuscate material changes. Even if the numbers are discussed honestly, they hardly provide good insight even when things are drawn from multiple statistics. Shadow stats is a great example of this issue. one of those alt right/Dave rubin types in biology discusses this kind of academic issue well. Don't kick yourself. there's also usually very little to infer from good results anyway, kek.

>>21906778
>Sooner or later either it will not be possible to kick the can any further and/or the public, in general, will perceive the risk of kicking the can to be greater than addressing the problem in the here and now.
They won't. They'll literally take it up to where all of Main Street only posts profits due to direct federal subsidy. It will more likely fall apart before the decision is made to hike interest.

>>21906859
i wonder if hiking interest rates will be what J Pow announces tomorrow

>>21900218
Lots of small businesses shutter because they have too many loans taken out and won't be seeing much profit.
Brick and mortar retails get final deathblow; probably only the most practical and cheapest clothing retailers will survive---in fact, perhaps only those who offer groceries and such on the side like Wal-Mart will make it (leaving aside how Wal-Mart was always going to make it).
Consequently there'll be fewer options to pick from for shopping, but they'll probably be generally cheaper.
Won't be many jobs around, so won't be much profit around. America will have to convert to full-on welfare state; this pandemic was only the tutorial.
Since the US produces little to nothing of value, there won't really be much hope of recovery. Anyone who finds work at the national big boys (Wal-Mart, McDonalds maybe) or the global big boys (Apple, Microsoft) will be the only hope for getting money circulated through the economy. Their tax revenue isn't going to be enough to fund much of anything, however, and the possibility that they create any new jobs with their earnings super slim.
Prostitution is going to skyrocket; again, this OnlyFans explosion was just a taste of what's to come; not every girl is gonna make it though.
Gigs and contract work will become the norm; regular employment will be scarce.

>>21906859
>Sooner or later either it will not be possible to kick the can any further and/or the public, in general, will perceive the risk of kicking the can to be greater than addressing the problem in the here and now.
>They won't. They'll literally take it up to where all of Main Street only posts profits due to direct federal subsidy. It will more likely fall apart before the decision is made to hike interest.

They could - but in this scenario the public awakening would occur when they realize items they were able to afford are no longer so, even though """profits""" are up.

If they juice profits up across the board (and not saying they couldn't) sooner or later more currency will be spent to procure the same or fewer amount of goods. There is a point somewhere for the individual where the financial redpill will occur and they think the thought, "wait...it's not my wealth going up, it's my currency going down." Don't know where it is but it does exist and when it's swallowed, confidence in the currency will be lost, velocity will moon as people dump their paper for whatever they can get, and then realize the thought of hyperinflation is scarier than not having guaranteed profits.

>>21906904
>i wonder if hiking interest rates will be what J Pow announces tomorrow

Who knows, but don't see how the FED could do this and not crash the economy. People/companies are tapped out for debt servicing and hiking rates up will kick start an avalanche of defaults as people on the margin are pushed to default which in turn push more to default, and so on.

>more and more markets dominated by fewer companies than they already are
>hyper inflation (see: price of gold)
>extreme racial tension
>mass unemployment

these are things happening already and all of them are pretty fucking scary desu. America is particularly fucked because there are too many moving cogs. personally in my small euro country all of this could be solved tomorrow if the government simply apologised for the covid panic and implored people to take their own risks whilst removing their own restrictions (which they should have done all along)

a lot of damage has already been done, but hopefully we can just do a Japan and just pretend we haven't got a comically high amount of debt. things will be horribly expensive but just buy any asset you can while your money's still good

bump

>>21895651
Don't reason with the retards.

>>21907469
i do wonder: how has japan been able to remain somewhat stable despite printing and printing and printing for all of those 30 years

>>21906159
No theyre legit that retarded. Watch the youtube video where they offer people on the street $20 or a gold eagle. Everyone wanted the toilet paper

I think Jerome Powell’s speech tomorrow is going to be a turning point for the markets and the dollar.

>>21908009
I've heard people say that this was made possible thanks to the fact that Japan does not issue the reserve currency at the moment and that such a lengthly stagflation scenario would not be possible in the U.S. at this time. I for one pray to God that we don't end up like Japan. Nothing sounds worse or more like an inescapable financial prison than what Japan is experiencing and I'd rather fight it out in the streets.

>>21897514
>Anybody who isn't going all in on silver and gold right now is a fool

>>21902521

Wouldn't stocks be tanking if the market had even a thought that JPOW might stop QE?

>>21908720
Good point

>>21895364
>>21894661
holy shit I saved your fucking thread OP

>>21909023
Thanks, fren. I am eternally grateful.

Have a free bump.

Crypto or gold/silver?

I feel like bitcoin would be easy to pump if people are trying to escape the dollar system given that its market is way smaller then golds, and it already has a built in payment system..

Too bad boomer BTC can't handle the load

bump

>>21908277
true, US being reserve currency is different
i just don't know how japan doesn't get insane inflation since the banks buy up just about everything

>>21909260
>Too bad boomer BTC can't handle the load
yeah having something like BCH working that could take more tps would have been nice, but the market decided to stick with old BTC

Thread should check commodities for decoupling to see tru usd price movements. gold/silver everyone knows but I also watch copper, softs and grains.

>>21909568
You could always go trade in your savings for a bag of XRP.

>>21909568
>>21909678
C'mon dummies, this is a smart person thread. XRP and BCH fags, go back to Africa

>>21909260

BTC is a joke. Unusable as a currency for more than 0.1% of the world population, unless you use second-layer solutions which track and trace everything you do, which is why Mike Hearn left the project in disgust.

https://blog.plan99.net/the-resolution-of-the-bitcoin-experiment-dabb30201f7

Satoshi is probably Adam Back, the head of Blockstream.

https://www.youtube.com/watch?v=XfcvX0P1b5g

We're going back to gold after the reset. Gold is the only thing you can rely on.

>>21909726
upvoted

>>21894585
Retard who doesn't understand the meaning behind of "the military backs it up". Fuck your thread, complete moron.

>>21909647
Good idea, but there are many supply and demand shocks due to memevirus and floods. Corn might be seeing a good bump right now due to orders from China, much like oil orders from..... March and onward. Lumber, iron, and silver have production cuts due to regulation, and China's flooding has shifted both supply and demand. I think AUS steel and coal has been hurt, but USA steel firms are being pushed up. Many moving parts!

>>21898396
I know biz is a crypto containment bord, but yeah, this is pretty significant. We are witnessing a paradigm shift. The next rung is tomorrow with Powell. We should be arguing whether dollar milkshake is the correct way to view this or if another theory is. We should be discussing how to trade this, and I’m not just talking about gold, silver, and miners stocks. How do we trade the decline of the fiat system? How do we get filthy rich from the collapse?

>>21898907
We’re in a debt trap. There’s no way to defend the dollar AND service the debt. We either let the dollar die or we default on the debt and allow all assets to crash. Powell is the anti-Volcker so I don’t think they can or will defend the dollar. Defending the dollar means a stock market, debt market, and housing market collapse that is unlike anything we’ve ever seen. They aren’t going to do that, not when they can take the easy way out and inflate the debt away and continue to pump assets.

>>21909647
Copper has been up. Lumber is through the roof.

>>21909882
There is no getting filthy rich from the collapse. Filthy rich in what exactly? There'll be no dollars that are worth a 1/10 of a silver dime.

For a modern comparison, I look to the Soviet Union collapse. There, the ones that became oligarchs were the ones that literally seized the means of production, or land - and were able to hold it. Everything was "publicly-owned" though. In the USA, assets will have private property deeds, whether there's someone to enforce them or not is another deal.

>>21894661

>>21910038
The best one can hope for is to hold safe-haven, alternative assets, like crypto or gold or cheap land. Those will go up in value.

>>21906926
Personally I don’t think you give the US enough credit for their resilience with regards to what they produce and their ingenuity but I’m a canuck so maybe it’s different from the outside looking in

Throwing another bump to a half-decent thread

>>21908009
A trade surplus and domestic industry still being existent in their economy. In the U.S. most stuff we buy is made in other places. (CHYNA!)

>>21900618
Getting those "boomer rocks: yikes" vibes from this bigtime

>>21911228
What is this implying - people who traded after hours made more money than regular traders? How can they possibly track this?

>>21900618
>>21911433

bumping this because I linked /pmg/ again and tomorrow's fed announcement is big, even if the kiddies who only understand crypto don't get it.

>>21911611
i'm anxious to hear what the announcement is

>>21895651
This man makes money.

>>21902827
If the alternative is mass defaulting, they can handle it.
Also, inflation tends to devalue labor relative to speculation, which helps most lenders. Inflation will inflate the value of all their other assets, even if it wipes out their interest gains.

>>21911611
Got a feeling if you even went out tonight and bought one ounce of silver your first born will have a easy path to wasting it on a lesbian dance therapy meme degree

>>21912084
Could the same be said with miners?

>>21912084
Nope, but I did start that stack this year.
>Mined btc when it was under $10. Computers stolen in 2015. Less than 1% recovered
>New trader leveraged to no end during 2008 crisis. Wiped out, $120k to nothing in a few days
>Grew up in silicon valley, knew a few kids who dads offed themselves during dot com bubble. Still had decent houses.


I'm not some old boomer, but I am a beat to fuck millenial who's seen his share of financial shitshows, and the numbers here are pretty fucked.

>>21912084
i misread your post. i dost disagree :-(
>>21912197

>>21912197
you sound like the perfect contrarian indicator

bump

>>21907469
This has all happened before anon read the forth turning great fucking book called all this to a T about 20 years ago. Nailed the year almost dead on and all the issues.

Talks about the seacum (Greek for lomg human life) and how each geration has its roll and each lomg life cycle we go through a hardship, we come out the other side better for it, but we have to embrace the suck.

US timing is dead on for every 80 years

1780 revolutionary war -taxes our own stable money
1860 civil war green back/debased currency
1940 ww2 Breton woods gold backed
2020 meme war BLM race wars going back to gold/digital gold?

>>21912943
>all this to a T
Can’t find a book by that title

>>21900981
Bella like ARPA BELLA?

>>21913260
Did (((they))) pull it off the shelves already? It’s on my book shelf

>>21911611
>yellow libright
go back

>>21912943
>seacum

So with gold dumping, does this mean the market figures the fed will announce they’re raising interest rates tomorrow?

>>21912172
Got a good feeling even with that. I'm all cash on my robinmeme account and may yolo into some miner calls tomorrow morning and see what they look like end of day

>>21913497
My dad has that book, lol. I read it when I was a teenager and don't remember shit from it now over 20 years later.

>>21911524
After hours OTC trading is a thing

>>21913794
It’s on libgen, not that I condone that sort of thing

Im so stupid. I dont understand what the inflation policy is going to mean for stonks that I only thought I was getting decent at understanding/trading. Should I cash my accidental LINK gains out and buy silver? I suddenly feel like I dont know shit. I just wanted to make it, but I truly think im too retarded and peasant-brained to ever really make it. I feel like the only time I make the right call is on accident, like tripping upward. Anyway, good luck frens

>>21913969
Start with the basics if you’re genuinely curious about learning. Basic Economics by Sowell is excellent. Also, don’t give up hope faggot, everyone has to start somewhere

>>21913938
I'll just borrow it from my dad on Labor Day, lol.

>>21913969

Just dont hold cash

>>21913969

In my opinion? Yes, sell your crypto entirely, and buy miners and physical silver with it. SILJ is the silver-miner ETF. Otherwise, buy Impact Silver and Discovery Metals.

To understand the economy in a philosophical sense, read Henry Hazlitt's Economics in One Lesson. To know what is going on today, read ZeroHedge.com and follow the following people on Youtube: Maneco64; Gregory Mannarino; Mike Maloney; Peter Schiff; Liberty and Finance; Dominic Frisby; Arcadia Economics; Quoth the Raven; Pallisade Radio.

>>21900873

>>21901535
>Weaker dollar 100%, barring some yolo announcement tomorrow - like we going back on the Gold standard or blockchain or something.


o oka

>>21914124
>>21914091
>>21914073

Thanks (no homo). Ill be looking into all the recommendations.

>>21904280
I thought we change currencies like every 80 years tho, zero point gravity would probably be more efficient rather than airpenesis

It will happen as I stated back in November (pic related)

There will be no announcement of less QE or raising rates. They will inflate and need more QE.

They will do ‘whatever it takes’ to keep interest rates behind inflation. But inflation is what they want and what they’ll get.

>>21914603
You know nothing of jewish kabbalah magic and ancient chinese secrets.

>>21897514
>MUH SHINY ROCKS

>>21914678
> Crypto rises and falls with money laundering banking activity.
The only coin that should ever be invested in is SILVER AND GOLD COIN. Come to /pmg/ if you want to learn the ways of king-like wealth and glory.

>>21908350
he's kinda right though, Warren buffet soving his portfolio into gold mining niggers and crypto currency applications doing other nigger shit things are getting some real shit my nigger

>>21898396
Because apocalypse conspiracies don't interest me

>>21909726

>BTC is a joke. Unusable as a currency for more than 0.1% of the world population, unless you use second-layer solutions which track and trace everything you do

Wrong, the whole purpose of BTC is country fried niggers.

>>21909726
that's why I use BSV it was reclaimed by satoshi himself..

>gold
Maybe a gold backed crypto

Actual physical gold would be too cumbersome to transact with in modern times.

+ the elite fucking hate gold standards.

What a lot of gold bugs overlook is the fact that the elite families own the majority of the abive ground gold supply, the dynastic families have been stacking for literally thousands of years, so they could dictate the price and movement.

Rothschilds own more then most countries, pretty sure they aren't even on the top of the pyramid because the public knows about them.

Silver is much more evenly distributed amongst the population, but it takes up much more space

>>21914649
Share your insights based schizo

>>21894585
USDont

>>21915210
They can do what they want. If crashing the dollar suits their agenda, they will do it, and if it doesn't, they won't.

>>21900149

>always

Also wether gold and silver will be good or not entirely depends on how bad the collapse would be, if it gets bad enough then they would be next to worthless in the short term, if people are rioting and starving in the streets then nobody is gonna put a high valuation on PMs because they are in need of the basic essentials, if chaos ensues then food water and guns will be the main priority,

If there is a big food shortage and I have a supply of food, I would probably not be willing to trade it to someone for gold/silver when I am so unsure about the future, I'm sure there would be some opportunistic Jews who will be trying to trade everyone's PMs dirt cheap.

But all this depends on how severe it will get..

This is getting into prepping territory, I would recommend covering your main necessities before buying metals.


Imagine having piles of gold and an empty pantry, while there's commies and military shooting each other in the streets.. And everything is chaotic

>>21915362
Ok, so where do the ancient Chinese secrets and Kabbalic mysticism fit in to your little truism?

>>21913969
Dude, leave your link alone. Silver, while potentially getting a chance to have its value accurately assessed due to the value it has created from its heavy use in the industry and its potential chance of backing a new US currency from the rumors, Link generates new wealth in a completely different manner. They're not the same nor do they compete with one another.