/biz/ - Business & Finance

>>25952965
Anyone shorting the market with daddy Biden getting ready to ramp up the printing of gibs for niggers and white trash is stupid.

>>25952965
Democrats will crash bitcoin and its beautiful.

>>25952965
Bitcoin has crashed with the stock market in the past rather than rising against it. One of the major criticisms of Bitcoin. It's less a hedge and more just another speculative investment.

>>25953367
Oh shut the fuck up you stupid faggot, go back to r_eddit

>>25952965
This and more importantly banks are now closing accounts of people they simply don’t like, if they didn’t vote right, if they support the orange man and if they have any ideas or beliefs that aren’t PC , kek
https://www.fnlondon.com/articles/hsbc-threatens-to-close-accounts-for-people-who-refuse-to-wear-masks-in-branches-20210113
I’ve unironically never been more bullish on btc ever and I’ve been in since late 2014

>>25953423
Sorry anon, just telling you facts here.

>>25953027
biden literally said his plan is gibs for everyone but whites
btc is gonna be 500k eoy with that shit

>>25953477
Fuckin racists

Is this genuinely turning into a fucking game for congress? See how many trillions of dollars we can print before crashing the USD into oblivion? And for what? So we can get money for like one month worth of rent? So fucking stupid. Fortunately I'm balls deep in stocks and crypto right now, but I feel bad for the people who don't have enough money to invest right now. The government is ironically fucking them hard while trying to help them.

>>25953423
>Oh shut the fuck up you stupid faggot, go back to r_eddit
They're correlated anon.

>>25952965
>thinking Biden will be president

>>25953477

Lmfao. Why the FUCK would people buy btc when they have to pay rent and buy food.

You fucking retards have no idea how the world actually works.

>>25953477
>>25953499
Checked we are

>>25953560
>USD will crash
How? By the way, one month of rent is another month to dig yourself out of a hole and avoid further loss and permanent catastrophe.

>>25953642
That's just it, the serfs and foreverpoors won't be cashing in. They'll spend their 2k stimulus on a new TV and shoes and continue having no savings account

>>25953642
>>25953708
hi i'm poor and will be dumping 90% of my stimmies into crypto. i'm also black. seethe

>>25953690
>23% of all USD ever printed was printed in 2020
>If you can just print your way out of a crisis with no problems, why bother taxing people?
>if you can just print anything you want with no problems, why not just give everyone 3k monthly UBI?"
the USD is headed for a terrible reckoning.

>>25953729
>poor
>black
kek
>dumping stimmies into crypto
nigga what happens to your crypto when you get blasted for some ass retard reason. move out the hood first and then worry about crypto

>>25952965
Manchin says he opposes checks and will stand with his fellow conservatives. The 2 trillion is for corporations, not for you.

>>25953560
>trying to help them.
the government is composed of politicians who want to be forever rich, and you and everyone else -- forever poor. they know exactly what they're doing.

>>25953560
>>25953690
>>25953738
Congress is run by 80 year olds who just frauded a 70 year old out of office because 30 year olds are retards and think the 80 year olds who fucked them their entire lives will help them THIS TIME. As long as millennials continue to cuck out for the elderly instead of just seizing power for themselves, they will be fucked. But of course if you see this as an opportunity, you could probably become a warlord or a magnate in the new revolution.

>>25953784
Rent is cheaper in the ghetto he just needs to make his house look too poor to rob and put barricades up on the inside so no one can make it to the second flood without his permission. Fortress Detroit.

>>25953813
>they know

They're 80 year old stroke patients who think we need to fight the russians. The reality is the USA could collapse any day, regardless of memes about glownigger competence. We are literally living in the last years of the USSR. Breadlines soon.

>>25953784
Why should i move out the hood? Housing is paid for by the government and food is paid for with EBT meaning all my income can be invested in crypto.

>>25953918
>implies the govt only pays for ghetto in the hood
>implies ebt is tied to ghetto housing
nice LARP fag

>>25952965
I kept waiting for that sub-30k dip. I am a fool.

>>25953784
>>25953858
Guys I am several miles away from Detroit, I will my fine.

>>25953738
I think it will be fine, money is fake, what actually matters is human activity

>>25953970
Ok I worded that poorly but I get SSI so yes the govt is paying for my rent.
Still I see no reason to move out of the hood. Yeah I can get EBT elsewhere but the stores in the suburbs charge more. Everything is cheap here. Drugs are cheap, clothes are cheap. I can get cars for cheap. I am hood rich and I love it.

>>25953560
the goal is to destroy the middle class. it is deliberate

>>25953642
he thinks btc and eth are for poor people, they can’t even afford a tx anon. It’s for the elites sadly

>>25953918
Based negro of ACAB. Fuck the government.

>>25953255
Sorry but Reddit already beat you fascists to this. You didn't sell the top chud

>>25953882
>Breadlines soon.
We have breadlines now that's why they're gonna stimmy

>>25954376
The stimulus is literally for corporations, manchin already said no money for non-corporations.

>>25953255
>it's a "democrats impoverish people while claiming to be the good guys" episode

I can't wait for the sequel to hitler.

>>25953499
Fucking spare me. After the last several years of the 24 hour corporate/Democrat/news cycle of “kill whitey”, if you aren’t racist, you’re fucking braindead.

>>25954503
Disregard snarky post. Friendly fire.

>>25953499
shut up you fucking dumb nigger

>>25953255
lmao Banks need to have around 10% of their actual deposits retard to be considered viable.

>>25954272
what the fuck is a chud?

>>25953560
most of the money is going to bail out big businesses. it’s not even about the gibs to poor people.

>>25953560
also bankers gotta feed their families

>>25953708
i know a guy who got an $80,000 PPP loan and dumped it all into Kusama

>>25953477
>Poojeet market takeover via stimulus checks
IT'S FUCKING OVER

>>25953804
corporations will pump the market though. why do you think United Airlines stock has been hitting record highs? because they use their stimulus checks to buy their own stocks (higher stock price means bonuses for the board of directors)

my point is this stimulus will pump the market whether there are checks or no checks

>>25955271
>literally making up cope-tier reasons the market goes up

So the market will be detached from society as people get angrier and we see increased rioting and decreased police presence due to defunding, gotcha.

>>25955459
Lmao no one is gonna do anything.
The media will keep the sheep distracted while the people who see through the smokescreen make off with generational wealth.

>>25955570
>no one will do anything

Things have been happening more and more as the years go by, if you aren't paying attention it's because you have no perspective. Harper's ferry was years before the civil war broke out. King James I was always fighting with parliament years before his son got beheaded by the parliamentarians. A violent war between two or more factions is the product of decades of rising tensions, not merely something that -happens-.

The biggest issue, probably, is that liberal/minority birthrates will probably decline by a million over the next 10 years while conservative birthrates are increasing. As conservatives radicalize this shifts the entire longterm outlook for society. Keep in mind that the Census is fake and we have no idea how many people are actually in the USA or the world at large.

>>25955459
cope? im just giving reasons im bullish rn. what do i care about normie society?

>>25955822
Because as someone who uses the reddit word "normie", you live among them.

>>25955739
a lot more than the census is fake kek. the riots are fake too. the real attack is on our finances, but biztards are in the best position to come out on top in the end.

>>25955891
im a teacher so yes i care about normies thenselves, but their retarded fake society collapsing is the best thing that could happen from my perspective. finally people irl are starting to listen to me weave my conspiracy theories. before they all thought i was crazy, but soon ill be rich and theyll be poor. WHO’S CRAZY NOW HAHAHAHAHA

>>25955891
Normie is a 4chan term newfag circa 2008 fuck off my lawn

>>25956229
Normalfag is a 4chan term, normie is some redditization that emerged when they began stealing memes.

>>25956027
>male teacher

Bet you have to be careful, big boi.

>>25956260
https://knowyourmeme com/memes/normie
>2008
>4chan
But you used based don't you? Kill yourself.

>>25952965
MORE FUCKING GIBS

>>25956341
Imagine citing knowyourmeme and proving you're a newfaggot. I know normie is a reddit thing because I remember when it started being spammed here by retards who use 'brigading' instead of 'raiding'. Fuck off nigger, I've been here long enough to remember everything.

>>25956469
Look, I know you've been here since 2012 and think you know everything but I've actually been here since 2008. https://en.m.wikipedia org/wiki/Know_Your_Meme
>2007

I keep providing hard fax and you keep providing the dick sucking

>>25953591
They're NOT correlated, you retard. They are both risk assets, though, and people flee from risk assets in general AND have to liquidate their hard assets to cover losses on risk assets when the entire economy is crashing around them.

All you have to do is look at how even fucking GOLD behaved in 2008. Market plunges, three days later gold drops as hedgies sell their gold to cover their margin calls so they don't lose ALL of their stocks. Market plunges some more, three days later gold drops to cover yet more margin calls. GOLD was doing that. Bitcoin will do the same in any major crash, because they're gonna have to cover their stock margin losses again this time too.

>>25956938
That would probably change if you could buy stuff with it.

It would be cool if companies started accepting gold too.