/biz/ - Business & Finance

>>54217158
>takes twitter screenshot
>makes twitter screenshot thread
>says he doesn't understand
Many such cases.

>>54217158
It's laid out very clearly, what are you not understanding?

us, canada, uk, europ, swiss, and japan are now in a liquidity cartel to pool their reserves and backfill with loans. think about european countries sending old soviet tanks to ukraine and getting filled in with newer nato stuff

>>54217243
A financial UN is forming and will result in war with china. Do you really need to know more than that?

Any financial advice further would be speculation. Literally anything could happen.

>>54217222
checked, twatterfags btfo'd

>>54217158
> only developed countriies

haha the big central banks are too big to fail. meanwhile all the 3rd world countries will not be able to redeem treasuries at par value, they have to take the loss. lmao

you will see hyperinflation in all nations except for the ones that use USD, EUR, YAUN, and few other big currencies. The rest are fucked

>>54217326
"but won't this lead to those smaller countries adopting the dollar?"

No, they got fucked by using dollar backed bonds. They will move to bitcoin

>>54217326
internet money isn’t more real than fiat and you’re gonna learn that the hard way

SOCIETAL COLLAPSE INCOMING!!!

>>54217340
Dollarization has happened for decades. Internet currency will never be adopted widely when it fluctuates so wildly in value. Horrible for any kind of commerce

>>54217355
Okay then, forge a Bitcoin. Go ahead. I dare you.

So the Fed is simply paying out these Treasury bills in advance?

>>54217387
>forge a bitcoin
>you can’t
exactly. you can’t forge something that doesn’t exist

>>54217395
no, it doesn’t have that kind of money. it’s giving out loans using treasuries with ignored unrealized losses as collateral. those loans will be paid back and there will be no cost to the taxpayer. nothing to see here goyim.

>>54217403
No, you can't forge a Bitcoin because the discrete logarithm problem is NP-hard. If anything, Bitcoin is more real than the USD because of one-way functions.

>>54217431
you can’t forge something that isn’t real.

>>54217403
>bITcOiN dOEsNt eXSiSt, iTs jUSt A nuMBeR oN a sCREeN.

okay retard, all your fiat in your bank account is also a number on a screen, at least btc has proofs backing it up

>>54217437
Okay, what is your definition of "real"? Yes, it actually matters.

>>54217158
why does this guy and lyn alden always talk with big words. i just wanna know if crypto gon go up without feeling like the retard that i am

>>54217449
yes, that’s why there’s less than $100 in it.
>>54217450
internet money isn’t a real thing and after the economy collapses people who produce real things won’t accept imaginary things for payment

>>54217464
crypto will go up. the amount you can buy with it will not

>>54217472
>after the economy collapses people who produce real things won’t accept imaginary things for payment

Oh okay, I see, you are just a low IQ doomer who is obsessed with "happenings"

You keep your plans for food and ammo and guns that you will never use, and gold and silver that you lose money on after spot and dealer fees.

I will keep operating under the assumtion that this crash will be just like all the others in history, the world wont end, and I can buy assets cheap.

I will also of course keep some bullets and guns, but unlike you I dont expect to realistically ever use it.
Have fun being deluded fren, good luck with taking your meds, hope you dont end up too broke after inflation and dealer fees

>>54217158
Don't worry neither does he, nor anybody else on Twitter commenting about this. This is uncharted territory and mere speculation at this point. Simply listen to both sides of the inflationary and deflationary arguments, and keep both in mind for the future, because there is going to be a lot of volatility coming up soon as the markets process the effect this will have on the dollar, foreign currencies and the banks..

>>54217482
i will be able to pay off my debt faster. that's all i care about

>>54217449
Yeah but I can actually buy food and gas with those digits unlike bitcoin. Everyone accepts it

>>54217497
in other words, buy silver and gold

>>54217504
I am also able to buy food and gas with my bitcoin.

t. posted while smoking my vape I bought with bitcoin and eating some chips I also bought with bitcoin.

>>54217494
you don’t have anything but a little bit of crypto, which will soon be the same as nothing.

>>54217472
But anon, you're not defining what is "real" to you.
If by "real" you mean durable goods or commodities made of matter, then I can see where you're coming from, and I can understand why you think Bitcoin is imaginary.
The issue with that reasoning is, it doesn't jive with reality. Information is more valuable than durable goods, which is ancient knowledge; Ecclesiastes says that both wisdom and money are shelters but only wisdom keeps you alive.
Bitcoin and a USD bank note are just information, just as information about the relative value of metals or wheat is in a barter system. What happens when the person you're bartering with lies about a good's instrumental value?
Bitcoin provides consistent information about a specific store of energy, that is, value. A Bitcoin exists because of the information that shows it does.

>>54217522
I have 100oz of silver and 2 oz of gold sitting on my desk just because it sounded fun. (both purchased with crypto BTW)
Both have done nothing but lose me money over the course of 3 years.
Great investment.

>>54217519
No coinbase is converting it to dollars and visa is handling the payment processing. You aren’t purchasing anything with crypto directly, which makes it useless as a means of exchange

>>54217497
>This is uncharted territory
This is exactly what they did leading up to and in the aftermath of 2008, its very well charted

>>54217538
https://www.federalreserve.gov/monetarypolicy/bst_liquidityswaps.htm

note the familiar language

>>54217531
no one who owns gold and silver right now feels upset about owning gold and silver. post nose moshe

>>54217538
>This is exactly what they did leading up to and in the aftermath of 2008

Bailing out foreign central banks? This is nothing like 2008, retard.

>>54217554
what do you mean? 2008 happened because they gave a bunch of broke niggers massive loans they could never afford to pay back. how is this different in any way other than scale?

>>54217552
to be fair my gold and silver have lost less money than my crypto did lol, but acting like gold and silver are "real" while bitcoin is not is retarded.

I can right now swap 100$ of BTC into 100$ in cash instantly.
I can also right now, swap 100$ of gold into 70$ of cash within a few hours or days

>>54217554
https://www.cato.org/commentary/federal-reserves-covert-bailout-europe#

Think of it this way

European and other developed countries banks bough US bonds.

US bonds are now potentially worth less than what the banks bought them for due to rising interest rates.

The federal reserve has just refinanced all these bonds by letting them redeem them at face value.

They have in effect refinanced all the bad debt the banks hold and let them dump all this bad debt on the central banks balance sheet.

Banks get a bailout, clean balance sheet and Fed just continues to accumulate debt and kick the fan down the road

>>54217615
right now yes. but not forever.

>>54217670
>redeem
borrow against at a 1:1 face value

>>54217669
maybe, but spending your money planning for total economic apocolypse is retarded.
If the dollar and economy totally die, you are going to have alot bigger problems than how many shiny rocks you collected. Yeah they will most likelyhelp you, but guns, bullets, food, supplies and the knowledge on how to use them properly will be worth more.

It makes more sense to financially plan on things recovering eventually, with a back up plan just in case. Betting most of your money on some unlikeley "collapse" is a brainlet move.

>>54217696
cool. have fun being eaten.

>>54217326
Huh? If third world banks fail, that's deflationary not inflationary.

>>54217696
A Carrington Event will happen anytime from now to 2059!

>>54217533
Not useless if it goes up in value and you can instantly exchange it.