/biz/ - Business & Finance

The thing's fuckin plummeting
US Dollar holders are running for the exits
No one wants to be left holding the bag

what do i hold tho if not dollers or btc, are we just fucked?

>>24889338
what happens? can this just keep going down?

>>24889936
>what do i hold tho if not dollers or btc
Metals.
Gold, silver and lead.

>>24889970
yeah why not?

>>24889936
yuan

>>24889338
Honestly, poor Brent Johnson: another gold coin for Peter

starting to come back up before mkt open
be careful anons

>>24889338
Third world banana republic shitholes whose intelligence agencies blatabtly rig elections and whose central banks monetize the debt generally have to implement capital controls and emigration controls because rather than attracting smart people and investment, they begin to leak thise things like a punctured trashbag until there are commas involved in buying a netflix subscription.

>>24890089
i thought gold tanked before btc went above 14k

>>24890852
Indeed it did but there’s other factors involved in regards to that. Now if you were smart you would be holding all of the above, diversify as much as you can wouldn’t you agree?

>>24890852
Oh, and that includes other tangible hard assets such as land anon.

DJIA mooning despite DXY at a low
get out

>>24890852
It went from 2.1k to 1800 that's the tank. Buy now.

They are exit scamming

>>24889338
support at 85, risk assets should reverse there. Then we will have to see if it holds, if not things are going to get very bad, giving people unemployment benefits which dont buy much = rioting

>>24891538
Is this caused by new agreement for the 900B stimulus deal?

>>24891566
will be part of it yes, in addition to other stimulus. But its not the full picture, as almost all countries are stimulating. If you look at the long term chart, DXY has been in an uptrend since 2008 vs almost all currencies, eventually all markets change macro cycles. The stimulus money printer brrr is a nice narrative, so its easy to understand by most people.

>>24891762
and also, if you look at the MACRO DXY chart, since 1970s, it has actually been in a downtrend for its entire existence, so 2008-present can be seen as a correction from the actual long term trend

>>24889338
40 year downtrend confirmed

https://www.macrotrends.net/1329/us-dollar-index-historical-chart

F

>>24890443
>commas involved in buying a netflix subscription
My mortgage is about to get inflated into nonexistence, this is fantastic!

>>24891809
I see that. Basically this downtrend was inevitable.

>>24891447

DXY low is bullish for stocks.

>>24891905
read about the triffin dilemma if you interested in reasons behind it, too much to go into on here

>>24891970
Appreciate your time.

>>24891762
>>24891809

Dollar falls vs currencies whose governments are stimulating less than the dollar (in relative terms) in order to free-ride on a future American economic recovery a la 2008. Rises vs governments who stimulate more than the dollar in relative terms. Small wonder the dollar is falling right now if the US announced a new round of stimulus and other governments haven't yet.

>>24892450
>He doesn't know that since other currencies devaluate against the usd dxy going down signals a global wealth confiscation and this is why btc & real estate go up during dxy bear markets.

>>24892450
>dollar rises vs currencies that stimulate more

>>24889338
>>24889377

>>24892652
In a crisis, stimulus plans also matter for currency valuation.

>>24892684
>Posts chart that proves my point
>still thinks I'm wrong

Based retardbro

>>24891970
Excuse me kind anon, as someone who's not traditionally versed in economics, can you recommend some books to get started? The more I read, the more i come to the realization that everythings made up, and i want to be more informed. Thanks.

Fellas, how do you buy gold from Europe?

>>24893061
Economics in One Lesson
You sound like you're taking the Austrian redpill

Must...... buy..... more crypto!

>>24889377

I was sitting on 50k usd in September, dumped all of it into btc by October. Feeling comfy rn

>>24893124
Will give it a go.
Austrian redpill? Not familiar with this one. Please enlighten me

>>24893124
for economics:
Economics in One lesson ( Henry hazlitt)
Human Action ( ludwig von mises)
Free Market Economics ( Steven Kates) Now im going to get some flack for recommending the next two, and to be clear i personally disagree with large portions of them, and in the second one almost all of it. But i firmly believe you need to read the arguments of the other school of thought and refute them, rather than getting trapped in an echo chamber:
The General Theory of Employment, Interest, and Money (Keynes) and The Deficit Myth ( Kelton)
For investing, read the intelligent investor and security analysis ( brilliant book) for fundamental analysis.
For trading/technical analysis, read Technical Analysis of the Financial Markets ( John J Murphy) and Trading in the Zone (Mark Douglas)

Lol dems don’t want to end lockdowns.
Why would the want to be kings of a trash kingdom?

>>24891447
Imagine being this retard.

>>24889377
This chart is more impressive to doomsay with. Use it well...

>>24890089
fuck off. lead is the only one of those that is worth your time

>>24893506
Thanks anon, quite a list. Do you recommend in that order? Dont feel like i need more TA, it just clicked one day from all that staring at charts, S/R. I also think its important to read from every side, hence why im here.

>>24894316
These books are all about general economic theory, nothing really to do with TA. Hazlitt also has a specific writing on inflation if you want that.

https://files.catbox.moe/618s93.pdf

>>24889970
this, what is happening?
why?

What about game theory fellow anons, do you have recommendations on that? Or can it all be infered?