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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


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10233301 No.10233301 [Reply] [Original]

We passed the point of no return a very very long time ago. Nothing within Trump's tenure compares to:

1. The Federal Reserve Act
2. The creation of the FDIC as a temporary emergency measure (which became a permanent taxpayer funded put option on depositor liquidity for the private banking industry)
3. Temporary suspension of dollar convertibility to gold in 1973 (made permanent)
4. Implicit bailouts post 2008, and near zero rates for 10+ years, negative in some countries. US Government picking winners and losers. Essentially a blank check for the housing debt market, health insurance market, education market distorting prices.

I could go on. The point is, Trump has nothing to do with it. The majority of well-off adults who do not work in high finance still think the dollar is backed by gold, only know about 2 buildings falling on 9/11 and don't ask any questions, and blame everything on Trump because he isn't 100% scripted like every other politician before him during their lifetimes.

>> No.10233351

what coin is this and how can i profit off of it?

>> No.10234083

>>10233351
You can profit by holding bitcoin.

>> No.10234448

>>10233301
trump is controlled by the jews to give right wingers false hope into thinking that he can fix these our problems, when in reality he isn't going to do shit. he doesn't sound scripted in the same way past politicians have, but that's the point. jews are incredibly fucking smart(they control the west for a reason), they know you'll fall hook line and sinker if all he has to do is change the script a little. these problems you labeled will never be fixed until we have real politicians that go morals > money and aren't just puppets for corporations. it's not really the point of no return, but rather does anyone with power give enough of a shit to fix things before it corrects itself naturally?

>> No.10234968

>>10233301
Everyone knows US is the next soviet union to collapse.

The economy in US works in 10 year cycles, these 'seasons' are inherent to capitalism.

It's time for another recession, the retail debt is at its peak. It's just a matter of the mainstream realizing it.

It's going to be nearly the same shit as bush. There will be another recession worse then 2008 and it will happen under Trump.

The petro-dollar will eventually collapse. When that happens it's only crypto, gold and cockroaches that will be left standing.

>> No.10235415
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10235415

>>10234968
>crypto and gold
And you already know what the best tool to hold is when you need to cross borders to access jurisdictions in better standing than the US.

>> No.10235431

>>10234448
>it's not really the point of no return,
Oh it is, there's no way to pay back the debt. It's a matter of waiting until Bitcoin resets the clock now. Position yourself accordingly or pay for not doing so.

>> No.10235540
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10235540

>>10234968
dollar not backed by petrol anymore.
Dollar backing replaced by green energy, fracking on US mainland and technological superiority. in the next 10 years dollar will be backed by crypto as USA becomes first cashless nation who adopts crypto, trans-humanism and pioneer space colonization. Ofcourse that all will happen with doors closed for you 3rd world faggots - you will have to support your migrating jamal turbans who's going to enrich your culture with 2000 years archaic intellect and way of life.

russia and china getting fucked super hard with no lube in the next 10 years due to economic 180 from Trump who knows how to make a deal.

>the sooner you take red pill the faster you'll realize what future will bring for you.

>> No.10235897

>>10235540
It doesn't matter who becomes the #1 power, China most likely.

The point is, BTC will be world reserve currency, for reasons anyone would understand if they studied high finance and Nash Equilibrium.

>> No.10235918
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10235918

>>10233301

>> No.10236035

>>10235540
Some butthurt burger with no idea.

The world revolves around carbohydrates, green energy is pretty much a meme and will be for many decades to come.

Chinks make all the shit and also have all the know-how. Burgers are too retarded to even design circuit boards. It's the chinks that really know their shit and have the intellect.

>>10235415
>And you already know what the best tool to hold is when you need to cross borders to access jurisdictions in better standing than the US.

A gold chain in one's anus.

Remember that who controls the ISPs controls the crypto (government.) They can ban encryption for example and send anyone who uses it to a gulag.

>>10235897
>It doesn't matter who becomes the #1 power, China most likely.

Yes, I live in a gentrified place and it's being invaded by rich Chinese.

Chinks will have a real middle class society, become a 1st world country while US is a total hellhole with gangs running the streets.