/biz/ - Business & Finance

>>53403017
If things are going bleak then people will go to precious metals, not crypto lmao. Did you not see what happened during initial corona crash?

How does this benefit crypto?

>>53403046
>people will go to precious metals, not crypto lmao
Holy shit, you're an idiot

>>53403046
>during initial corona crash?
Did you, retard? 3800 to 69k
>>53403062
go back

>>53403017
The next step is cbdc which obviously cannot coexist with crypto so they will just make crypto illegal and you will lose everything PS no refunds

>>53403104
>t-they will make everything illegal!
Kys not how it works. Or maybe you think they will make gold illegal too and confiscate it. If they wanted to ban crypto, they wouldn't have gone to the trouble of just regulating it, fool

>>53403104
Also they'd lose out of its growth which the rest of the world would take advantage of i.e. I'd hide my shit to prevent shitmerica from costing me financial freedom and that's assuming the worst case scenario happened of them going full on totalitarianism

>>53403017
>allowing for unlimited borrowing
So nothing changes?

Is US government debt even real

>>53403046
>If things are going bleak then people will go to precious metals
sure thing boomer

>>53403184
Basically means dollar will nonstop shit. Sub 100 and new lows incoming

We are going way past $100k

>>53403104
>they will just make crypto illegal
That was literally the original reason behind cryptocurrency being created in the first place: circumventing corrupt centralized authorities.

Nowadays though, it's nearly impossible to get into crypto without going through some centralized gatekeeper. We lost

>>53403208
No, it's just jargon numbers in a passworded excel sheet

lmao they’re hardforking USD from PoW to PoS.

>>53403278
kek

>>53403278
that was already in 1971

>>53403078
>>53403098
>>53403216
>seething rockless shitcoinlets
You will never be real wealth

This makes sense since the debt ceiling is ignored when actually budgeting. It's only use is a rhetorical device when Republicans aren't in the executive branch.

>>53403104
they would never make it illegal because all of the governments would not join them. if the US bans crypto all the other economies will get the US's share of money spread amongst them.. why would they exit the market?

Why don't they just pay back the debt? Isn't America supposed to be rich af?

>>53403017
>t. literal retard

>>53403017
What's it called when you pay back investors with the money you borrowed from new investors?

Only doomers think the national debt means anything.

>>53403553
>>53403458
>t. midwits

>>53403208
it isreal

>>53403609
The existence of the debt ceiling only results in more government spending, dumbshit.

>>53403208
No it’s literally all fake lmao

>>53403017
They should give every black person a billion dollars

>>53403463
banking

>>53403635
Retard

>>53403707
The existence of the debt ceiling only results in more government borrowing, dumbshit.

>>53403619
saw what you did there

>>53403368
kek... imaging buying silver lmao.. stay poor faggot

>>53403734
Please elaborate

>>53403208
No, it's entirely fictional. Like your constitutional rights.

>>53403278
More like PoS to PoS (Proof of Stake to Piece of Shit)

>>53403810
When you buy something on credit, you are borrowing.

>>53403098
What is it at now?

>>53403017
What's the point of the ceiling if they just raise it constantly anyway?

>>53403046
Gold barely moved while crypto did a 20x lmao

>>53403208
Anon, money itself is barely real. You bet your ass debt isn't real. It's a fake accounting trick that (((banks))) use to convince you to work for free.

When does America get foreclosed on?

>>53403880
To trick people into thinking there are checks and balances when the balance is 0 and the checks always bounce.

>>53403609
>>53403707
You're so fucking stupid.

National debt means nothing.

>>53403104
Midwit, cbdc’s need crypto. Crypto is more then just payment solutions but blockchain infrastructure. The cbdc’s will require the infrastructure to run and no they won’t start from scratch and make their own, they will adapt solutions already available by competent projects such as Chainlink

This is literally your last chance to buy crypto of any kind at these price levels. Last year was institutions attempting everything they could to crash the price as low as possible. Now they are entering en masse. We're entering a new paradigm. Good luck.

>>53404002
>alexa how the roman empire ended?

>>53404475
Not because of debt.

its over for non-eggers
https://opensea.io/collection/eggs-regular-and-freerange/activity

>>53403707
You actually think the money goes to the people? LMFAO

Maybe Ukranian people, but not Americans.

>>53404701
It was the debasement of their money. How does the US plan on paying ever higher interest repayments?

Just wait till Japan starts selling all it's U.S Debt. You think the U.S is fucked now? You ain't seen nothing sunshine lol.

Government debt isn't a debt to someone. It's not something they need to pay back. They can't go bankrupt. Government debt is public spending minus tax revenue. If they print more money than they collect in taxes, that creates "debt". Also known as inflation. All this will do is cause the dollar to fall, which can afford to do since it's very fucking high right now.

>>53403017
3$ for 1 L of diesel incoming

>>53404803
Actually Dumb Dumb the USA is the only country in the world that can print money to pay for debts with new issued debts.
Every other country has to buy USD to print their own national currency.

The only reason Americans don't feel the inflation from their debt is because ALL other countries have to deal with America's debt.
It's why US can print 40% of it's USD in circulation and not get 40% inflation which would be fair.

If the reserve currency dies the United States becomes like every other country, only worse because it'll just be a giga shithole with inflation

>>53404769
You can slowly debase the currency without causing a crash.

>>53403017
Acceler8

>>53404903
NO MORON, ANY COUNTRY CAN DO THAT.

>>53403078
>Holy shit, you're an idiot
he's destroying your dream your 0.121 btc will make you rich, right?

faggot

>Trust me bro this telegram group told me so

>>53403046
I'm a europoor, but don't they need both houses for that?

>>53404903
Literally any country that has its own currency that isn't backed by anything can do that. My country prints a larger amount of money in relation to its GDP than yours does and we have far less inflation.

>>53404973
I've already made it with altcoins in 2021 your rocks didn't do shit

>>53403208
How can US debt be real? They can just print money to pay the debt.
And if any country objects they have the strongest army in the world.
You have to be retarded to borrow money to the US.

>>53405156
Yeah, im sure all the hedge funds, private equity firms, and mega-banks who hold U.S debt are all stupid. Sure. You're so much smarter than those 150IQ Quant financial capital allocators.

>>53403734
Ya, now reread what I said. Fucking hell, you're an idiot

>>53404002
Tell me you're a retarded zoomer without telling me you're a retarded zoomer >>53404761
dumb nigger. It means this will speed up the death of usd

Fake news

>>53405513
The USD will remain strong you dumbfuck

>>53404973
Retarded monkey. Your piece of shit down syndrome brain invested in boomer rocks which have done nothing but crab. You will NEVER get rich off of your retarded rock collection

>>53405519
Look at the DXY, you retarded fucking ape. That's not strong LMFAO. Christ, this board needs a better filter.

>>53403017
Ah, a new addition to the Shit Mumus Are Recklessly Frontrunning list.
>muh fed pivot
>Putin's total surrender
>the BTC bottom
>Congress abdicating one of its most important roles by eliminating the debt ceiling
Remember that for the bullish case to work, all of these are unironically priced in.

>>53403017
What? This doesn’t matter. They didn’t do this when they had the house, senate, and White House. They waited until they knew red house would never let this through; it’s just politics. They want the political points knowing it won’t ever happen

>tfw zoomers don't even know how to search up the DXY chart

>>53405588
You shorted the bottom, didn't you? LOL

>>53405559
It's been going up for three years you fucking MORON

Holy shit you're stupid as fuck

>>53403046
you pumped to 2k (LOL) and then dumped like a shitcoin to 1600 (LMAO)

>>53403368
nobody is buying your bags lol

>>53404002
>National debt means nothing.
not for your shitcoin (ticker: USD)
>>53405594
the DXY is meaningless because other fiat are just wrapped dollars, more specifically us treasury bonds (junk)

>>53405646
Holy FUUUUCK I HATE YOU ZOOMERS WITH A PASSION
1. Pic related, you god damn MORON
2. More money supply is BAD for the dollar you fucking IDIOT BITCH. Learn basic econ, you retarded fuck
3. Retarded spending by government basically means they'll borrow more from central banks will increase the money supply. Again, that is not a good thing you retarded stupid uneducated single digit IQ down syndrome faggot

Get the HELL out of my thread. You are lowering the collective IQ here. Fuck off and sniff your glue

>>53405829
>the DXY is meaningless because other fiat are just wrapped dollars, more specifically us treasury bonds (junk)
What the fuck is this cope? DXY compares usd to other national currencies. The fact that it's going down massively shows it's weakening against other currencies which in themselves are also weakening drastically. What kind of retard thinks it's not showing the times when the dollar is strong or weak? LMFAO

Fed printing more money = crypto go up


Yeah I think I’ll keep buying at these levels

>>53405872
*strong or weak comparatively

>>53405843
Why should I care? I want to see this antiwhite piece of shit burn down.

>>53405955
The board you're looking for is pol

>>53403017
fug :DDD

>>53403278
>>53403311
>>53403845
From Piece of Silver in 1964 to Piece of Shit in 1965.

>>53406020
Ah the good old days when we only had $16T in debt. Double it.

>>53403046
PAXG

>>53403438
Rich in debt.

The rest is just an illusion, a dream, an american dream.

>>53406085
>Rich in debt.
How do you think money is created?
(It's debt)

>>53406019
This is clearly financial as well.

>>53405872
other national currencies depend most on what's inside their central bank balance sheet, mr. newfag
guess what junk bond they shove inside their little garbage "asset sheet"
the dollar being strong or weak relative to other fiatshitcoins is irrelevant, they're all weaker than literal dog currency merged mined on LTC
LMAO

>>53406100
debt has two sides buddy, liability and asset, creditor and debtor
guess whose side is "rich"

>>53406109
>the dollar being strong or weak relative to other fiatshitcoins is irrelevant
Who's the newfag again? Clearly risk on assets rally when the dollar is weak, retard

>>53406122
You clearly don't understand this system then. The reserves don't exist at the banks. They lend infinitely, duplicating (printing) the money each time they lend it fractionally.

>>53405050
Even if there were no consequences to governments issuing as many so called, "IOUs," as they want, (which there certainly are), do you not at least see how it is morally wrong?

>>53405489
Are you drunk or clinically retarded? Eliminating the debt ceiling means less government borrowing hence smaller money supply.

>>53403655
3 billion dollars (cash)

>>53406256
It's not morally wrong at all. Those IOU's are money. That's what money always has been. The consequences are inflation. Did you discover money today for the first time or something?

>>53406309
>Eliminating the debt ceiling means less government borrowing
Were you dropped on your head as a baby? Pic rel

kek fuck it just do it at this point
I want to watch

>>53406431
You no longer agree, then? Because you are a drunken retard? Gotcha.

>>53406455
Are being fucking serious right now, you illiterate fuck? Get the fuck out of here. You're a waste of space

>>53406402
It is morally wrong. Educate yourself with: https://youtu.be/ah2tbJg9_MI and then come back

>>53406607
The government incurs debt whenever it deficit-spends -- you embarrassing mongoloid.

>>53405843
Holy fuck you don't understand basic economics.

The dollar is influenced by so many factors, money supply being ONE OF MANY.

LEARN BASIC ECONOMICS LOSER

I can't believe there's so much white trash on this board, literal white trash.

>>53406637
Dumb nigger. Read. The. Fucking. Pic. I even highlighted it for you. Fucking crackheads all over biz. FUCK

>>53406772
>The dollar is influenced by so many factors, money supply being ONE OF MANY.
Retarded Dickhead. The point is it's weak and will continue to weaken, dipshit. Weak dollar = good for risk on assets. I NEVER said it was the ONLY factor, but it is a significant factor nonetheless, smoothbrain inbred fuck.THATS the point, 3rd worlder jeet

>>53406773
Hate to break it to you windowlicker, but your twitter screencap is horseshit. I know you think of "Watcher Guru" as an unimpeachable source, but that's because you are literally retarded and don't understand how government finance works. The existence of the debt ceiling only results in more government borrowing.

>>53406788
It's strong dumbass.

It's because interest rates are rising, fostering more international demand for USD and propping it up.

It doesn't matter if they print more money, rising interest rates can appreciate the coin

>>53406818
>but your twitter screencap is horseshit
Nigger. Why the fuck do you think the dems even want this? THINK, bitch. You also seem to think they are CLEARING the debt. No, nigger. This is the equivalent to raising the debt ceiling, but worse because it shows they don't actually plan on reducing the debt indefinitely hence even more drastic borrowing you stupid ass retarded uneducated low IQ fuck

>>53406837
>More international demand for USD
Where is this happening?
In your dreams?

>>53406837
>It's strong dumbass.
No, it's not, nigger. Just because you SAY it's strong doesn't make it strong. LOL
Reality doesn't give a fuck about your feelings. Dxy is going to shit. Dollar is going to shit. Debt is going to skyrocket even more aka parabolically which is BAD for the dollar because it shows they are going to devalue it drastically. Look at history, retard. EVERY single national currency dies in the same exact fucking way. It gets hyper-inflated to death.

>>53406887
>Why the fuck do you think the dems even want this?
Because shutting down the government for a few weeks results in MORE government spending and borrowing, not less.

>You also seem to think they are CLEARING the debt.
Lol wut? Debt is incurred whenever spending exceeds revenue. Debt ceiling has zero reverence to quantity of debt incurred.

>worse because it shows they don't actually plan on reducing the debt indefinitely hence even more drastic borrowing you stupid ass retarded uneducated low IQ fuck
At this point you should just claim to be drunk (whether it's true or not).

>>53406966
>Debt ceiling has zero reverence to quantity of debt incurred.
You're a dumbass. Every time they raise the ceiling, we hit it and now they are basically saying "fuck it". For you: >>53406020

Also not ONE thing I said was inaccurate. You're just too much of a retarded dipshit to wrap your head around it

>>53407016
You are a fucking idiot who has no clue how any of this works. Deficit spending by itself raises the debt ceiling. The government doesn't get to spend more than it takes it by claiming the "debt ceiling" wasn't raised high enough. As soon as the money is spent, the debt is incurred.

>>53403046
why would anyone want to buy shiny rocks?

>>53407057
Retard midwit. Stupid ass retarded uneducated bitch. Debt raises debt ceiling (surprise, I know). No debt ceiling (what dems want to do now)/increasing debt ceiling = uptrend in accumulated debt. This policy shows they have 0 plans on reducing the national debt meaning the government will keep taking on loans they can't even afford to pay back. They will keep borrowing more money from the fed and the fed needs to print to be able to meet this government's demand (hence increase in monetary supply) which in turn means the dollar will just continue to grow even weaker.

It's not complicated, you stupid ass bitch

>>53407209
>Debt raises debt ceiling
*debt government takes on = increases national debt (and the fact that it has been going parabolic means they have no control over it and that they can't pay it back).

>>53407209
>Debt raises debt ceiling (surprise, I know).
False.

>No debt ceiling (what dems want to do now)/increasing debt ceiling = uptrend in accumulated debt.
False.

>This policy shows they have 0 plans on reducing the national debt meaning the government will keep taking on loans they can't even afford to pay back.
False.

>They will keep borrowing more money from the fed and the fed needs to print to be able to meet this government's demand (hence increase in monetary supply) which in turn means the dollar will just continue to grow even weaker.
Embarrassingly false. You are utterly clueless.

Might want to get a GED before chiming in again on macroeconomics, dumbfuck.

>>53407167
shinyfags be dabbing on the crystaldykes

>>53406918
>Look at history, retard. EVERY single national currency dies in the same exact fucking way. It gets hyper-inflated to death. By Jews.
FTFY

>>53407275
YOU AINT DABBIN ON SHIT METAL FAG

>>53407254
Nothing I said was false just because you don't understand it, dipshit. LOL

>>53403208
Nah it's a ruse like bi-weekly wagecuck payments

>>53407299
Government deficit-spending always incurs debt, you moron. When you buy a TV on credit, you can't satisfy the debt by refusing to pay your credit card bill. The debt exists from the moment of payment, and is only satisfied upon repayment.

>>53407254
Also this last post of yours specifically was so retarded and I mean to the point where it took me by surprise to the point where I will no longer be humoring your retardation. You clearly don't know anything and have no real arguments. You're probably a left winger retard too going by how in denial you are. All I'm going to say is read a fucking book kek

>>53403098
Post mortem FTX, didn't it come out that it was all cex's pumping the price and the demand was largely inorganic?

>>53407355
>Also this last post of yours specifically was so retarded and I mean to the point where it took me by surprise to the point where I will no longer be humoring your retardation. You clearly don't know anything and have no real arguments. You're probably a left winger retard too going by how in denial you are. All I'm going to say is read a fucking book kek

>>53407340
Nothing you said here means anything, dipshit. This guy's pic rel (again)-> >>53406020
It shows as a fact that this national debt has gone parabolically and the fact that the dems don't want a ceiling, but instead have no limit to the national debt means they want to continue to grow the debt indefinitely. Debt ceiling implies the government has plans to not have the ceiling be reached and that they plan on creating a downtrend with debt. It's a load of bullshit, but that's the narrative. The fact that they don't even give a fuck anymore and are just saying "fuck the debt ceiling" shows as a FACT that they have no plans on controlling the debt anymore hence unlimited borrowing. More borrowing = increase in monetary supply.

Again. It's not fucking complicated, retard. Well I guess to a left wing retard simple shit like this is complicated. What a fucking moron you turned out to be.

>>53407436
>It shows as a fact that this national debt has gone parabolically and the fact that the dems don't want a ceiling, but instead have no limit to the national debt means they want to continue to grow the debt indefinitely. Debt ceiling implies the government has plans to not have the ceiling be reached and that they plan on creating a downtrend with debt.
Lol, you have to be trolling at this point. Hard to tell these days.

>>53407375
Uh no? Regardless of any rumors, dollar good = risk on assets bad. Dollar bad = risk on assets good. People overcomplicate this shit

>>53405843
>that is not a good thing
I can assure you that my bags pumping is a good thing.

>>53407481
You're a retarded clown. Go sniff your glue and fuck off with your low IQ takes, retard

>>53403858
How is gold doing?

>>53407555
Not a good thing for the dollar. Obviously good for risk on assets

>>53407436
>downtrend with debt
*of* debt

>>53407299
Ignore him, he doesn't understand economics, he's a perfect example of literal trailer trash. The dumbfuck American voters who are fat piggys and can't read.

>>53407575
The problem I have with your type is that by pretending to be retarded, you attract actual retards. In fact, you may be one of the actual retards that some troll attracted with his retarded shitposting. Either way, people like you are degrading the board.

>>53403017
May I ask why is this a big deal? Debt ceiling has been raised a lot of times before, and the public spending will always go up.

It's a cruel world, /biz/, grow up.

>>53407436
>The fact that they don't even give a fuck anymore and are just saying "fuck the debt ceiling" shows as a FACT that they have no plans on controlling the debt anymore

Y'all listen to this lad, he's right.

>>53407831
It's obvious that's what you're doing, you're trolling. No one is this dumb in 2023

>>53407867
So all assets are just going to keep going up forever? When does it all end?

>>53406627
Yikes is this true? I tried to research more about the Kennedy exec order to create treasury backed currency instead of Fed-backed, but most of the articles just say it was a temp administrative move and that JFK always supported the Fed. Can you tell me moar about all this?

>>53407974
Maybe it vaXXed!

>>53403839
Underrated