/biz/ - Business & Finance

[Anonymous No.12727110]

how fucked are we?

[Anonymous No.12727121]

>>/x/

[Anonymous No.12727130]

There, all better

[Anonymous No.12727139]

What if Trumpkistan just say " fuck off we wont pay", literally no country would be able to do shit

[Anonymous No.12727140]

>>12727121
>liability per taxpayer
>1,000,846
>literally off the chart

Every person literally has to pay 1 million in taxes over their lifetime right now. And you think this belongs in /x/?

[Anonymous No.12727154]

Don't worry, fed's gonna lower interest rate and we're good to go another year.

[Anonymous No.12727158]

Brainlet's first intro to economics

Protip: the "debt" (credit) market is worth 6x all of the actual physical wealth on the planet combined. This world runs on smoke and mirrors and this baby ass bullshit is the tip of the iceberg.

Don't cower from it, learn to leverage it.

[Anonymous No.12727160]

>>12727130
>>12727139
do you fucks understand the consequences of the US declaring bankruptcy?

[Anonymous No.12727178]

>>12727139
Not paying implies taking all the money from taxpayers savings first, then emptying bank accounts. Then it'll be illegal to keep gold under the mattress. And then ww3.

[Anonymous No.12727183]

>>12727158
oh really? tell me more about how ponzi schemes can last forever.

[Anonymous No.12727184]

>>12727160
>us declares bankruptcy
>us dollar becomes worthless
>btc and crypto moons
>move to another country rich

[Anonymous No.12727186]

>>12727160
What other countries that loaned us money would ever let us do that? If you loan money to someone and they can't pay you back do you get them fired from their job?

[Anonymous No.12727193]

>>12727160
>>12727178
>>/x/
this is the buisness thread, go back

[Anonymous No.12727217]

>>12727183

They can't. History is full of boom and bust cycles. There is no such thing as this autistic little smooth economy you envision that parallels some frugal couple's household finances. People cut deals and leverage debt all over the place.

You are only hamstringing yourself by being afraid of it and refusing to do the same. Play the game, take your piece, plan for the downside, that's it.

Or get left with the bag.

[Anonymous No.12727218]

>>12727193
then why is everyone shilling their shitcoins here. its biz and finance

[Anonymous No.12727242]

>>12727193
/biz/ is the name of the board, this thread is about the debt I think.
Vishnu called you have to go back, this is a non-public defecating area.

[Anonymous No.12727253]

It's simple

We make the minimum payment and ignore the problem

[Anonymous No.12727274]

>>12727110
You tell me OP

[Anonymous No.12727286]

>>12727274

pre-MAD status quo

We live in absurd, unprecedented times, and as any bettor can tell you past results aren't a great predictor of future performance

[Anonymous No.12727348]

>>12727140
And it's growing exponentially, kek. Somewhere between 1 million a head and 1 billion a head, this fucker has to implode.
>>12727217
>History is full of boom and bust cycles
ZIRP + QE is unprecedented financial repression. There is nothing to compare the clownworld we live in right now to historically speaking.
>>12727274
This is the right answer. The dollar will have to die, eventually. Let's hope the crypto-ark is ready before that day otherwise we are all cosmically fucked.
>>12727286
>This time it's different.
Yes it is, but not in the sense you're talking about.

[Anonymous No.12727699]

>>12727193
Gold was illegal to own from 1933 until the 1970s
It's going to be outlawed again in the next 10-20 years

[Anonymous No.12727721]

>>12727348
Don't worry bud the IMF has it figured out
Fork usd into cashusd and bankusd while implementing negative interest rates
https://blogs.imf.org/2019/02/05/cashing-in-how-to-make-negative-interest-rates-work/

[Anonymous No.12727770]

>>12727184

idiots, idiots everywhere

[Anonymous No.12727774]

>>12727721

How does one leverage negative interest rate?

[Anonymous No.12727791]

>>12727699

What about crypto?

[Anonymous No.12727849]

>>12727791
What's interesting is they want electronic money they control so if that means the grid says online bitcoin should still work but who knows

People need to homestead and make friends with their neighbors
Shit is going to get bad in the next 15 years
This is not sustainable, socialist politicians are being promoted in media, white male hate is accepted in the mainstream, kike manipulation is at an all time high
This is going to crack

[Anonymous No.12727900]

>>12727849

Agreed, srsly just trying to sit comfy while shit goes third world.

[Anonymous No.12727934]

>>12727721
>https://blogs.imf.org/2019/02/05/cashing-in-how-to-make-negative-interest-rates-work/
thank you for this anon

srsly

[Anonymous No.12727996]

>>12727900
Same here man glad to see other people see this too
I feel like Ted Kaczynski warning my family about this
Don't get jaded in thinking of currency is gold bitcoin or cash
Currency is also social, family, neighbors, connections, land, food, water, equipment, etc.

(((They're))) not going to win truth beats evil at an outstanding ratio
Be aware be smart have kids educate them yourself provide for yourself and we're going to make it

[Anonymous No.12728012]

Evil can't create this 3rd world model will only be temporary as long as we look out for each other and hold out

[Anonymous No.12728048]

>>12727184
lol thinking btc will moon if yuan/dollar collapsed. Yea everyone will buy 1 hour transaction BTC.

They’ll buy REM kid

[Anonymous No.12728062]

Australia and Canada going to shit. Where the fuck do I flee to now, anons.

[Anonymous No.12728069]

>>12727110
You didn't hear? Debt is an imaginary number made up by accountants so that they can invent a reason for people to hire them.
Our generation is going to say NO to the can't-do attitude and the fiscal conservatism that has propogated centurie of white male patriarchy that has enslaved the Africans, oppressing them from reaching their capacity for genius, and oppressed all women.
We/re going to buy the environement and save the world.

[Anonymous No.12728082]

>>12727996

[Anonymous No.12728086]

>>12727121
dennial

[Anonymous No.12728098]

>>12727721
just print the trillioncoin already

[Anonymous No.12728115]

>>12727186
You realize almost all of American debt is domestically owned? If the US said fuck off the only country holding the bag would be China and American kikes.

[Anonymous No.12728125]

>>12728115
not how it works, Tim

[Anonymous No.12728127]

>>12727110
Sheeeiiiiit

[Anonymous No.12728140]

>>12728125
It legit is. Most of the US debt is domestically owned.
The US is the largest energy producer.
The US is only growing in energy production.
If China and other countries want to keep the lights on and not starve to death they have to support uncle Sam.

[Anonymous No.12728165]

>>12728140
Is this what burgers unironically believe?

[Anonymous No.12728192]

>>12728165
No burgers are retarded and think like you or not at all. My opinion is based on fact something you lack.

[Anonymous No.12728261]

>>12728115
Then how would we pay for all of this shit? Printing press?

[Anonymous No.12728278]

>>12728261

There are multiple tools at the government's disposal. Haven't maxed all our cards out yet.

[Anonymous No.12728286]

>>12728261
>largest energy producer in the world and still growing while most of the world needs to purchase energy.
>what would serve after collateral for currency

[Anonymous No.12728348]

>>12728286
122 trillion in unfunded liabilities my man. There's not enough demand for energy in the whole world.

[Anonymous No.12728370]

>>12728348
Do you know what unfunded liabilities are?
If so please tell me what you think they are and why that would be a problem.

[Anonymous No.12728381]

>>12728370
pensions/social security/medicare mostly

[Anonymous No.12728383]

Someone posted this earlier

>negative interest
https://blogs.imf.org/2019/02/05/cashing-in-how-to-make-negative-interest-rates-work/

Idea is to make us all complete and utter slaves through inflation and heard the masses into debt and punish people for saving. Only way to keep this bubble inflated for now. If this actually does come into play we are all well and truly fucked.

[Anonymous No.12728404]

>>12728381
So which sounds more likely?

I cannot afford to pay your pensions, the dollar is now insolvent...
OR
I cannot afford to pay your pensions, tough luck famalam learn 2 code.

[Anonymous No.12728413]

>>12728404
no they'll just print the money and destroy the dollar via hyperinflation. it's the only way to pay all of this shit off.

[Anonymous No.12728423]

>>12727217

This guys right. The whole concept of QE is to curb boom/bust cycles because they happen more frequently otherwise. It's a shit deal to have this system forced on you but the fact is if you're financially illiterate you are being irresponsible. It's the world we live in, and debt is just a number.

Nobody's gonna call the US on it's debt, cause if they do, the ship goes down with them. Think about what that means to a country like China. Lets say they sell off all their US treasuries. As they're dumping they are eventually selling for pennies on the dollar. Then the rest of the worlds holdings of US treasuries dump in value as well. Will the rest of the world praise China for bankrupting themselves and everyone else? Or will they completely refuse to do business with them? How is their manufacturing economy going to function if the US can't keep buying their cheap trash? Is China prepared to deal with a starving population that can't afford to feed itself, or import the food to support it?

A country that has a significant stake in US treasuries can't dump them. It's like putting a gun to your head and threatening to shoot. The US is the world power, and its financiers are its most elite soldiers. Better off holding onto the treasuries and raking in the interest.

If you don't play the game, you're the one getting fucked.

[Anonymous No.12728426]

>>12727721
>Negative interest rates
Yep, that is the end and even if they manage to keep the ponzi afloat for a few more years, the reprieve will be brief at best.
>>12728383
Exactly it will only delay the end at best. The nightmare it will unleash will make current clown world look like nothing.

[Anonymous No.12728430]

>>12728413
So where is the hyper inflation from all of the QE's then?
Also if that is how it is paid off then it goes back to what I said, the US could just print funny money and pay back everything and then reset or just say fuck off to the debt holders.
US could easily use its production as collateral for currency like Nazi Germany

[Anonymous No.12728435]

>>12728404
You think they will let the pension system default? LOL

[Anonymous No.12728455]

>>12728430
>So where is the hyper inflation from all of the QE's then?
I don't spoonfeed rude babies

[Anonymous No.12728475]

>>12728455
You can't spoon feed me because you don't know.
>>12728435
In the long run they have no choice. Whatever they do those pensions will be unpaid or so hyperinflated it doesn't matter.

[Anonymous No.12728480]

Most world powers have debt so it becomes something like a common denominator.

[Anonymous No.12728485]

>>12727721
>rob your money trough taxes
>rob your money through inflation
>rob your money through negative interest

HOW THE FUCK DO WE STOP THIS

[Anonymous No.12728519]

>>12728485
Become amish. Emigrate. Or fight the Jews.

[Anonymous No.12728716]

>>12728519
Or crypto. NIRP in the US would unironically be good news for bitcoin

[Anonymous No.12728718]

>>12728519
Da jooos

[Anonymous No.12728734]

>>12728718
Da joorrroooooos

[Anonymous No.12728786]

DONT WORRY FRIEND, I AM FROM ARGENTINA, WE LITERALLY HAVE:
>INTEREST RATES OF 70%,
>THE WORST TAXES IN THE WORLD
> PUBLIC SERVICES COMPARABLES TO AFRICAN ONES
> PUBLIC SPENDING (AND THIS ONE IS PRETTY FUCKED, WE LITERALLY GIVE MONEY TO NORMAL PEOPLE, LIKE, WE PAY FROM OUR TAXES AND WE GIVE THEM A SALARY FOR NO SPECIAL REASON. YOU BROKE YOUR LEG? HERE YOU GO, YOU HAD A KID? HERE YOU GO, YOUR MOM DIED? HERE YOU GO.
> HALF OF THE SOCIETY LIKES SOCIALISM AND LEFTY IDEAS (FUCKED AF)
> CORRUPTION
> YOU CAN STEAL AND KILL SOMEBODY AND YOU WILL AT MAX, GO TO JAIL FOR 10 YEARS, BUT IF YOU KILL A DELINCUENT IN SELF-DEFENCE YOU WOULD GO TO JAIL FOR THE REST OF YOUR LIFE.
> im sure I forgotten more things, this country is literally a shithole.

Whatever, what I'm trying to say is that when my country collapses (that will happen for sure) you need to start to worry about the global economy, until then, you are safe. If we are good literally the whole world is good.

> Would you give me some crypto when I am starving to death, biz frens?

[Anonymous No.12728798]

>>12728062
Switzerland

[Anonymous No.12728865]

>>12728718
>>12728734
Google:
the Lavon affair
Uss Liberty
The Rothschild banking dynasty
Aipac
Holocaust denial
Holodomor

If it isn't the Jews... why do they run banks, the media, governments, central banks, entertainment and corporations?
You fucking kikes are all gonna die lmao.

[Anonymous No.12728918]

>>12728865
Oh fuck this schitzo faggot has immigrated over from /pol/.

[Anonymous No.12728931]

>>12728918
We can see through your tactics you sneaky rat. It's not us you need to worry about, it's when the rest of society slowly wakes up to how they've been manipulated their entire lives.

[Anonymous No.12728941]

>>12728918
>has 0 counterpoint only ad hominem
>expects to be taken seriously
Do your parents know you're on 4chan?

[Anonymous No.12729819]

>>12727110
Not that fucked. Will just invade someone when the time comes. It’s always been our style.

[Anonymous No.12729899]

>we

[Anonymous No.12730020]

>>12728865
Use pics of american anti-jew patriots, not a guy who was turned into a bad guy meme for the entire world to laugh at / hate.
Optics, retard.

[Anonymous No.12730219]

>>12728430
In the stock and bond markets, because QE was a firehose of money pointed at the already wealthy and powerful. When the printing press starts directly paying pensions and UBI, inflation will surge.

[Anonymous No.12730579]

>>12730020
Your nigger loving brethren? Nah ill pass on your <54% goblins.

[Anonymous No.12730634]

>>12727110
If one of you could convince me why this couldn't go on forever, I'd give a rat's ass.
Feeling extra comfy.

[Anonymous No.12730646]

>>12727110
>B-BUT DRUMPF SAID HE WAS GOING TO PAY OFF THE DEBT! M-MAGA!

[Anonymous No.12730796]

>>12728192
>fact
These guys are the PhDs which brainwashed you into thinking you learned anything about economics in college.

[Anonymous No.12730827]

>>12728383
No, anyone with a brain will be holding real money (Bitcoin, gold) and will become insanely rich naturally, as a matter of course.

[Anonymous No.12730885]

>>12730579
>Your
I wish. I am from an eastern european shithole where you can't even buy a gun.
We fought on the side of nazi germany in ww2. I don't think it was a mistake, but we lost and were fucked bad for it.
That doesn't mean we should give up, but certainly means we should try a different approach.
This time we need the memes on our side globally. That means winning the burgers' hearts and minds. If shit's going down in the next 10 years, we also need the retarded boomers god save us.
Not part of the world is willing to go to a meme war under a banner showing Hitler's face. He might be your hero and might have been a great man and might be completely innocent. Doesn't matter. Russia hates him, europe hates him, the US hates him. India thinks he's kinda cute.
Of all jewish lies this will be one of the last to fall, because it's neither important to the normies (unlike their savings having no value) nor something recent. "Mustache man bad" has been drilled so deep in the minds of 90% of white people you are likely to get them to completely stop listening to you if you so much as mumble about the death camps being concentration camps.
Pick your fucking battles. The meme war is just starting and it's going to be brutal.
Also, this is not the place. You have to go back.

[Anonymous No.12732072]

This thread pleases me

you filthy dogs won't get away with this forever you know

[Anonymous No.12732102]

>>12728423
High iq and redpilled post

[Anonymous No.12732181]

>>12727110
>I owe you $20, that's my problem
>I owe you $20 trillion, that's your problem

not fucked really as we're the most stable economy. we should probably reign in spending but democrats won't let the items that need to be cut be cut. taxing more will just send us into a recession, lower GDP growth and make it even more difficult to pay down the debt.

[Anonymous No.12732275]

>>12732072

[Anonymous [O1G] No.12732410]

>>12727130
why would you when you can print as much money as you want?

[Whalebro No.12732421]

>>12727110
Weimar fucked I’d say.

[Anonymous No.12733146]

What I find funny in a sad way is that most Americans have no idea what was truely done in the aftermath of 2008. QE was the largest transfer of wealth to the upper classes while simultaneously destroying the future purchasing power of the dollar due to real estate demand doomed to eventual stagnation along with birth rates and wages.

When the few intelligent bankers figured this out, the only choice was to flood the first world with "refugees" over the next decade to combat loan/money supply creation failure due to the median debt to income ratios of the general populace.

An immigrant with no skills and no language or assimilation capabilities is still at a net worth of zero, which is pretty decent these days statistically speaking.

We should perhaps thank them for the coming shitstorm. What /pol/ does not understand is that the replacement of native populations was sped up dramatically to prop up the global economy; now the frog knows he is boiling to death.

Prepare for massive currency changes in the coming decade; a credit reset will happen and modern people are not very well educated on how property functions in a flux of uncertain valuation and liquidity.

[Anonymous No.12733609]

>forking the USD

is this shit even possible ?

its a centralized piece of shit anyways, its just a bunch of integers on a piece of paper, is it possible to fork to a new version without the large amount of debt ?

[Anonymous No.12733704]

>>12732181
Sorry burger, the world is already decoupling from the dollar.

[Anonymous No.12734715]

>>12733609
It was a joke but their plan is to have cash usd value and bankusd value
This is so they can negative interest rate your bank while saying cash is less valuable if you try to use cash instead

[Anonymous No.12735068]

>>12727139
What happens to the dollar?