/biz/ - Business & Finance

>>55041490
>create "problem"
>offer "solution"
>rape the lands and all the peasants who dwell there serve under you even more than you did before while intentionally creating this "problem"

how many times have we seen this episode? the writers are out of ideas. Plot is the same every season. Spoiler: there will be no default. A miraculous "last minute deal" will be forged. Debt ceiling will be raised. And next season when the writers trot out the same plotline again people will all tune in going "will they raise it or not?! oh, what's gonna happen?"

>>55041510
Ignore solution
Ignore Kabuki
Just buy, mine and trade btc

it's over

>>55041517
This.

>>55041517
This to be honest

>>55041517
I think the writers are on strike right now, which explains the reuse of prior episodes.

>>55041490
You know he's trying to crash the market so it recovers in time for 2024.

>>55041517
It's literally this every single time.

>>55041688
The writers joined the competition and are actively writing on the tragedy that is the history of the united states, its rise, it's compromisation by new liberal fascists and its fall

>>55041517
It's always this. Everything is scripted.
But just to entrain the idea, what would happen if we did default?

>>55041517
alot of people here aren't old enough to know this.

>>55041718
entertain*

>>55041718
Honestly hard to say exactly. Pensions are threatened, federal employees are let go, non-essential things are terminated, many things which have been given or provided for will not get paid so it would be a grid-lock cluster fuck. And yet, people would find a way. It would be cozy AF, wish a default would happen.

>>55041490
>>55041543
A TWITTER SCREENSHOT THREAD!
WOOOOOOOWZORS

>>55041718
Greece 2013. But without a Germany to bail them out. Which is effectively the bond market crashing, the dollar slightly rising in value to other currencies to then violently dying because the US would finally lose its monetary hegemony

>>55041718
boonders gets rugged

>>55041517

>>55041718
All stablecoins go to zero because they are backed by treasuries. Bitcoin may pump at first, but will then crash to 10k over lack of liquidity. From there on its up only and Bitcoin becomes the new world reserve currency

>>55041517
mods? delete this post please

>>55041779
Here is the discussion on this: >>55016648
It's really hard to say what will happen in the long term, but you're correct that crypto will experience a massive crash in the interim.

>>55041517
I think you underestimate the current political climate. It's more toxic than it's been in an extremely long time and politicians will be completely fine financially no matter what happens, so if they think they can make massive political gains they're probably going to do it.

>>55041517
almost as if everything, every goddamn thing in the news is just Theater.

>>55041490
What's the default play? International stocks and bonds?

>>55041517
But hopefully a big dip in assets across the board
I’ve been hoarding cash at a roughly ~4.5% interest rate for such an occasion

>>55042113
In bonds or mms? You get us doll haircut and go into indefinite hodl mode

>>55042113
It would happen. Markets operate mostly on emotion, and this is one time their fear would be completely valid. As to how the recover happens after one giant red dick plummeting down I can’t say. I can’t recall a time where a default ever happened and what the consequences would be, but if you’ve been hoarding cash (I have as well) you’re setting yourself up for the buying opportunity of a generation if you pick the right horses. Fuck, you could probably buy anything and make gains but definitely look towards getting positions in companies you know we’re unfairly just’d

>>55042073
retard

>>55041718
USA can't default, do you faggots even read the constitution. They'll have to cut spending.

>>55041525
Fuck you btc jew

>>55043562
hey gaslighter
go fuck yourself new liberal fascist

>>55043590
Cry sissy boy, your memecoins will go to the grave with you

>>55043619
The defensive cry of an incompetent sucker slave
gtfo loser and stop working for pennies for fascists

>>55043562
>Fuck you btc jew
btc clowns are desperately trying to prop up their ponzi scheme
>>55043590
>go fuck yourself new liberal fascist
Here comes the schizo meltdown!

well duh, they can't afford the interest payments anymore

>>55043627
Repeat what I say more you unoriginal kike

>>55041517
it's different his time, if the debt ceiling is raised they will still have a technical default, but if they don't raise it they'll have an outright default. The interest payments cannot be kept up with.

>>55043634
I really enjoy it too much to demotivate you faggots
I know you get paid one or another way
new liberal fascist incompetent slave
>>55043645
you make no sense are you sure you are not and automated language model?

>>55041718
What happens to eurofags?

>>55043663
Take your meds already, schizo fren

>>55041490
I would be hilarious if it actually happened. 2020s would truly be the decade of all human civ just collectively shooting selves in the head while screaming OH YEAH YOU THINK I'M NOT GONNA DO IT JUST WAT-

>>55043663
Yup, you're a kike or just a really useful golem. Shabbos goy oy vey! And don't forget to wash your thigh socks you trannie

>>55043680
What?
A kike cant be a shabbos goy my useful idiot friendo. You make no sense and should ask your boss to be deployed on another site
>>55043672
you need new scripts

I'll see it when I believe it.

>>55043687
Are you literate? Have you ever opened a book? This is the average btc fags brain

>>55043700
Shut up you spastic retard

>>55043706
why stop him
its funny

>>55043687
You threatened a US senator. You're in a lot of trouble, schizo

>>55043706
Eat my ass congoid lover

>US defaults
>Biden blames republicans
>D's get their majority back
>President Kamala puts gatorade on the crops

>>55043728
and bitcoin maxis leave for el slavador while eth maxis embrace the gatorrade farms

>>55041490
The senile old grandpa might actually suddenly forget all about the debt ceiling and the default and go on a month long coke and child prostitute spree letting the whole thing implode. Lawl!

>>55043728
>President Kamala puts gatorade on the crops
We're already half way there.

>>55043735
Kiyosaki is right, biden is the most incompetent corrupt senile leader the US has ever seen, and I would go so far to say the most incompetent senile corrupt human history has ever seen

the us is fucked without civil war removing the uni party and its corporate and civil society allies

>>55041490
And I will be shorting accordingly with blackswan

>>55041517
>>55041591
>>55041688
>>55041702
>>55041718
>>55041727
>>55041777
>>55041785
>>55042095
These are all midwits who don't realize how retarded Biden's advisors are (Biden is braindead)
They will think everything is fine until either the economic façade collapses or Dongfeng missiles land near their house.

They've let survivorship bias and normalcy bias ruin their threat processing, and none of them are going to make it.

>>55041779
if stablecoins collapse, bitcoin will be worth 100,00+ USDT. $100 billion of value held in stablecoins will have to move to bitcoin. how is that even bad for bitcoin?

Ew the Feds are here to convince us Bitcoin is somehow worthless in a time of fucking bank collapses and govt defaulting on debt while the rest of the world is shaking hands on deals to avoid using our currency
You'd have to be a real mental midget to fall for this

>>55043791
*100,000 USDT

How would US defaulting affect BTC?

>>55043793
Have you noticed how the same shills that shit on btc are also trying to promote eth, its amazing how incompetent the new batch is. I really wonder where they find such incompetency

>>55042073
>>55042210

>>55043791
>Bitcoin is now worth $100,000 USDT against USDT that's worth $0.28

why does Biden want the US to default, wouldn't it be easier to print more money so they can keep paying off the debt and let whoever is elected in 2024 to take care of the problem

>>55044023
>default
chance to blame Powell and the republicans through fascist media and win 2024
>print
US goes into Weimar mode