Recession & You

[Anonymous No.14164038]

Deutsche Bank is about to implode
This will be Lehman Brothers times a gorillion.
The recession was just foreplay for the big dick that's about to go up the economy's ass by 2020.
Auto loans at an all time high
Stagnant wages
No real job growth
Pensions are wiped out

We're so fucked, lads. How do we escape this without memes?

[Anonymous No.14164068]

>we
Get fucked boomers. The man who has no pants can't have his pants stolen.

[Anonymous No.14164095]

>>14164068
this
Hard to lose anything when you have nothing my net worth is under 10k

[Anonymous No.14164098]

>>14164038
How do i short DAX? Is there something lit Bitmex but instead of paying in USD/EUR it pays in comodities like Bitcoin to avoid to much taxes?

[Anonymous No.14164108]

Deutsche bank been about to explode for 6 years now...

[Anonymous No.14164136]

>>14164108
Yeah except without the yield curve being inverted

This time isn’t a meme

[Anonymous No.14164148]

>>14164068
>>14164095
and what happens when the EBT and gibs run out? You think half this country can survive a depression? You numbnuts. This is going to fuck us so hard all you anons care about is irony and a comedic farce to cover up the fact you're scared.
America is not succeeding we're failing. This is going to be the largest wealth transfer in history.
We have people invading this country and sacking us.
I am asking for input and all I get are edgy zoomers living with their mums.

[Anonymous No.14164157]

>>14164038
What will happen to auto prices during recession?

[Anonymous No.14164178]

>>14164148
>https://palmettostatearmory.com/daily-deals-new.html

Get a tool.

[Anonymous No.14164187]

>>14164148
I might wear the same 3 pants since 10 years, but therefore have access to a network of criminals, and it is a short way from selling stolen phones to pay rent under the counter, going to robbing and kidnapping Boomers and their families. As said. get fucked. You stole our future, we steal your life

[Anonymous No.14164195]

As someone who went all in on Bitcoin in 2013, I'm glad you're finally all about to join me in facing reality for once... was getting pretty boring.

[Anonymous No.14164211]

>>14164187
>he thinks he won't immediately be shot to death for being a nigger

[Anonymous No.14164220]

>>14164187
>hurr durr u stolez our futurez
>we wuz entitled and sheeeit
This is why no one ever takes y'all seriously.

[Anonymous No.14164225]

Buy seeds, chickens, ammo, guns, gas, hardware tools, gold, and silver in the order for SHTF situation. Live in rural area.

[Anonymous No.14164230]

>>14164211
lmao. what will the state pay their mercenaries with? Potatoes? Toilet paper? If you import Niggers and spics to steal your childrens jobs, don't wonder if they adapt. You had good years, time to die

[Anonymous No.14164246]

>>14164230
No, I am saying your "people", and I do use that term lightly, have no training, no weaponry, and are easy to identify.

Goodluck!

[Anonymous No.14164255]

>>14164225
I actually like aquaponics. Very reliable but expensive upstart.

[Anonymous No.14164268]

>>14164246
>Ex Yugoslavian criminal thugs don't have access to weapons
I'm not in the US. Lucky me I guess

[Anonymous No.14164278]

>>14164038
>DB is collapsing
>print 10 trillion Euro, bring interest rates to -2.0%

[Anonymous No.14164305]

>>14164278
>negative interest rates
Yeah sure lmao

[Anonymous No.14164327]

>>14164038
>>14141857

[Anonymous No.14164339]

>>14164268
To be honest though even if you're in the US you don't actually have to worry about armed gangs running around terrorizing anyone, because they would have a colossal resource burn rate that would not be sustainable in an actual economic collapse scenario. They would have to choose between being mobile and run the constant risk of being trapped, or being barricaded into one area where they are secure and can reduce resource consumption, but have literally no influence outside of that area...

[Anonymous No.14164349]

>>14164148
youre just starting find out your pyramid scheme is running out of steam.
if America was worth saving you would seen the fundamental problem of your economy long ago.
how can you keep exporting jobs to other countries for lower wages and lower product prices, while still enabling your consumer base to buy the same products without providing them a consistent stream of income in order to buy those products?

when the gibs run out, americans will start to discover boomers actually taste alright, as long they're cooked medium rare, with a bit of horseradish sauce on the side.

[Anonymous No.14164355]

>>14164305
Germany already has negative interest rates

[Anonymous No.14164357]

>>14164148
I am a butcher and chef, studied computer science later working in a kitchen for 5 years. My Grandfather was killed by a sandnigger.

Accelerationism is the only thing i want. I want to butcher people, negros and sandniggeris mainly in civil war, and eat their meat. I am waiting for this for 10 years.

[Anonymous No.14164373]

The harbinger of doom btw

[Anonymous No.14164402]

>>14164357
I’m with you lad right up until the cannabilism part

Wtf lad

[Anonymous No.14164430]

>>14164357
There is no pride for country. All nationalism has been erased. We're morally bankrupt. How will the Jew pay for this? Our own government fucked us. Why do we continue to trust them?

[Anonymous No.14164439]

>>14164402
Some people just want to see the world burn i guess.

Civil war is the only thign that will save the white race and what is rightfull ours. A couple of nigger killings will sure stop mass migration to our countries. Thats why i like to work together with the antifa, even though im right wing.

[Anonymous No.14164442]

>>14164357
Hm, basically your only realistic option is to find a group of people that need your cooking/food prep skill set for survival and hope they never find out you have severe mental problems that would make you a liability. Sounds doable to me though cus most people will have some kooky shit about them too that they're trying to keep the lid on.

[Anonymous No.14164469]

>>14164339
Maybe not in the US, your good Christian civilians are armed to the teeth. In good old Europe, terror is an economically viable niche market. Mobility is not an issue, places to hide out are plenty. Security forces who had been disarmed over the last two decade to "save money" are also not an issue. Smuggle could also buy legitimacy in the population. During the first chaotic weeks robbery and plundering will be a good way to gather resources, afterwards being a mercenary will become a viable option for criminals. 100 year war reloaded will be fun

[Anonymous No.14164490]

>>14164430
Start reading the talmud, it helps a lot about understanding clownworld. Christians where basically created by jews to be cattle people that the jews are feeding from. By burning everything you can beat the jews.

[Anonymous No.14164576]

>>14164442
When shit hits the fan and civilization collapses being ruthless is a pro not a con.

Protip: You guys should get a Ferrorod. You can lit 10.000 Fires with that.

https://www.youtube.com/watch?v=1bU7COLWJE0

Also learn how to create a dynamo to turn water into power to load batteries.

[Anonymous No.14164861]

>>14164038
Hope it all fucking crumbles and the apocalypse starts. Can't wait to mass pilage and shoot every motherfucker in sight.

[Anonymous No.14164869]

>>14164038
Nah, man we gonna fix it

[Anonymous No.14164912]

>>14164038
Stop exaggerating, we survived 2008. This time we will be prepared.

[Anonymous No.14165140]

>>14164912
2008 was a mere recession with QE cushion
This one is going to be stagflation reloaded paired with state failures left and right.

[Anonymous No.14165145]

>>14164912
2008 crisis is just one domino falling down in a much larger series. You really think that the rest of the financial system isn't just as or more corrupted than what happened in '08? And it's about fucking time cause I'm really tired of life and could use some real action for a change. Can't wait to see all the normies squirm for survival.

[Anonymous No.14165699]

>>14164068
>has no pants
Current generation has dozens of thousands in student loan debt per person piled up with interest. They may not have anything physical to give up, but their time is their pants. Being broke, jobless, and allowing established debt to continue to compound is honestly a much scarier thought than just being some boomer with no real worries besides losing 20-30% on retirement payouts for the next couple of years. Its like watching some sick fuck put extra weight on your prison shackles.

[Anonymous No.14165720]

>>14165699
The funny thing is, that having debt is actually good when hyper inflation kicks in.

Also we will see Bitcoin at 1.000.000$ But that means nothing when a bread costs 1000$. Thats something a lot of people do not get.

[Anonymous No.14165748]

>>14165720
Anon life will get more expensive, haven't you listened to your mother repeating that mantra she heard on TV. It isn't about debt, just life becomes more expensive, deal with it. Or kill your parents

[Anonymous No.14165749]

>>14165720
>$1,000 bread
It'll be so fucking hilarious to see American politicians trying to come up with an answer out of their ass
They're all liars who raped this country economically and passed it off to their butt buddies.

[Anonymous No.14165764]

kill yourselves doomer faggots
>>/x/

[Anonymous No.14165770]

>>14164038
Bump to end this dystopian glow-in-the-dark Zionist Space Nigger Hell World

[Anonymous No.14165840]

>>14164038
Should i max my credit card

[Anonymous No.14165894]

>>14164490
Muhammad was right jews should all be killed.

[Anonymous No.14165925]

>>14164038
What about the 20 tons of Venezuelan gold they seized?

[Anonymous No.14165958]

>>14164148

[Anonymous No.14166010]

>>14165720
>yfw it wont kick in, the fed tells the businesses to figure it out, and BTC keeps moving sideways
You're out of your mind if you think Boomers are just going to hand over the keys to the economy that easily.

[Anonymous No.14166048]

>>14166010
idk why we hate boomers so much
I always see old ass people working at sam's club and as gas attendants
really fucking depressing.
It's not boomers it's der juden

[Anonymous No.14166097]

I pretty much already got it all figured out and am sitting comfy in ETH and will eventually look Inti getting loans and parking it somewhere where it earns me interest literally fool proof you can thank me now

[Anonymous No.14166106]

>>14164038
Been saying this for years now. The masses always ignore the warning signs for impending economic catastrophes. It will probably destroy crypto too, because they'll have to pump so much Tether into the system to keep it from crashing that nobody will be able to withdraw anything because all the real money, the kind you can withdraw to an actual bank, will already be drained out of the system as the last stage of the exitscam.

Gold won't help much either. The global supply of gold is small and easy to control the price of.

I know everyone wants a magical solution where they can feel comfy and superior to everyone else that hasn't gone for the same magic solution, but I don't think it exists.

[Anonymous No.14166160]

>>14166106
Btc price is not backed up by tether. You're the retarded one in your analysis for Btc.

[Anonymous No.14166221]

I CANNOT WAIT TO WATCH HOUSING CRASH. OUR GENERATION NEEDS A CHANCE AT REAL ESTATE. TO THE ANONS WAITING WITH MONEY AND BITCOINS ON THE SIDELINE, BE READY FOR 70% OFF HOME PRICES. BE READY TO HAVE AT LEAST 40/50K DOWN PAYMENT TO PULL TRIGGER WITH, AS LOANS WILL BE ALMOST NON EXISTENT WITHOUT LARGE DOWN PAYMENT. STAY TRUE LADS. THE WEALTH TRANSFER WILL BE IN OUR FAVOR THOSE WHO OWN THE SACRED SATOSHI.

[Anonymous No.14166225]

>>14166160
No, you're right, how silly of me, BTC's price is climbing and recovering from crashes all by itself. It must be all those Chinese whales.

[Anonymous No.14166255]

>>14166225
Anon, the price is simply an amount that two people are willing to exchange. Nothing else matters. Yes, tether crashing would make sentiment a bit more shaky but we are already pricing that in with the price discovery.

[Anonymous No.14166284]

>>14164038
>escape

[Anonymous No.14166311]

>>14164108

It has been exploding for the past 6 years if you haven't been paying attention. There is only so much the stock holders can take.

[Anonymous No.14166336]

>>14166255
>Anon, the price is simply an amount that two people are willing to exchange. Nothing else matters

You can mislead plenty of people on here, I'm sure. I'm not one of them. You would have to have ignored crypto news for the last two years to believe that.

[Anonymous No.14166355]

>>14164038

my NEET lads, is this where we make it and become the new boomers?

[Anonymous No.14166369]

>>14164098
prime-xbt.io

[Anonymous No.14166400]

>>14166336
>no argument
Thought so.

[Anonymous No.14166440]

>>14164576
>When shit hits the fan and civilization collapses being ruthless is a pro not a con.

That depends immensely on when you are ruthless and how. Just being ruthless for the sake of being ruthless will easily get you killed by any group due to you being a threat everyone.

[Anonymous No.14166442]

DB is already down 95% from ATH from 2008. If it collapsing would cause a global recession it would have already started. Going bankrupt now is just another 5% from ATH. Lehmon collapsed from ATH in one year, Deutsche has been bleeding for over a decade. Not really comparable.

[Anonymous No.14166461]

>>14166440
This. Being antisocial lone wolf is not a smart plan. Being in a cooperative and competitive group will produce best results.

[Anonymous No.14166492]

>>14166369
>prime-xbt.io
Wow cool this really exists. Thanks,

[Anonymous No.14166501]

>>14166400
You aren't worth one. If you're going to pretend Tether has nothing to do with the price of crypto, 'Nothing else matters' as you said, then I'm not going to waste my time.

[Anonymous No.14166534]

>>14164038
I hope this happens, I'm so bored and apathetic at this point.

[Anonymous No.14166567]

>>14166106

>Withdraw to a bank
>When the banks are wiped out

You can't be serious?

[Anonymous No.14166582]

>>14164148

He still have decades on this ride.

[Anonymous No.14166583]

>>14166442
there's a difference in collapsing and loosing value, a collapse is going to take other banks with it

[Anonymous No.14166584]

>>14164068
Boomer logic 101:

Respect your elders young man!
Of course you should be paying for my pension!
> Does not realize has been brought up in the most priviliged time ever (no global warming or geopolitical tension drama, only woodstock and hippies)
If the economy goes to shit, it's your fault young man!!

[Anonymous No.14166585]

>shit hits the fan
>can't trade shitcoins because no internet

[Anonymous No.14166594]

>>14166442
buy the dip

[Anonymous No.14166598]

>>14164068
>>14166584

Fuck boomers

[Anonymous No.14166603]

>>14166221

Wow, two years of wagie gains as a down payment! Looks like I'm fucked!

[Anonymous No.14166615]

>>14166501
K
>>14166585
Keep your wallet in an USB and wait until internet comes back to restart global commerce.

[Anonymous No.14166634]

>>14166615
or you could just buy gold and not have to worry about anything

[Anonymous No.14166640]

>>14166634
Gold is a nice hold yes, but it has poor qualities to be used as a means of exchange.

[Anonymous No.14166726]

>>14166583

exactly my point. Lehman collapsed from its peak in a year to bankruptcy. DB has been bleeding for a decade. The possibility of it going bust is already priced in and probably won't effect the economy at all.

[Anonymous No.14166791]

>>14166726

All of those derivatives that DB owns are telling quite the different story. Should DB collapse those derivatives worth of trillions of dollars are going to start a domino effect.

[Anonymous No.14166845]

>>14164349
Our government sold out the middle class for the upper class to maximize their profits. No one cared at first that we were displacing low wage factory job in the US. But now things have become more evident.

Also, what the hell is up with the US wanting to bring in more low skilled low IQ immigrants when we are going to enter into an era of automating these low skill jobs anyways in the next 10 years? Are they just adding more cannon fodder to eliminate more whites during the collapse?

[Anonymous No.14166878]

>>14166845

US needs more ditch diggers, its current citizens fell they're too good for manual labor.

[Anonymous No.14166885]

>>14165840
Might as well

[Anonymous No.14166889]

>>14166878
It's because you literally can't make a livable wage rn with manual labor

[Anonymous No.14166909]

>>14164038
Do you think they will confiscate half of your money like they did in Cyprus in 2013?

[Anonymous No.14166929]

>>14166878
Yeah, this >>14166889. It's simple supply and demand. The problem is that the US on the policy side of things has really spurred too much competition for these low wage jobs. Just look up the book "We needed Workers".

[Anonymous No.14166932]

>>14166889
This. It's upside down that people who work extremely hard to make society working gets paid the least.

[Anonymous No.14166934]

>>14164305
It's a real thing. Current deposit rates in EU is -0.4%. Google it.

[Anonymous No.14166940]

>>14166909
good luck, I only have like $1000. come pry it from my cold dead hands gay banko

[Anonymous No.14166956]

>>14166909
It's nice to have assets that would add value to you during some kind of collapse, in addition to money while things are good.
>Water filters
>farming equipment
>truck
That kind of stuff that isn't too expensive but can pay off.

[Anonymous No.14167002]

>>14166956
Or. Or.. you could just but dollars in cash (gold or bitcoins if you prefer) and stay with them during recession. Works every time.

[Anonymous No.14167022]

>>14167002
You lose value by holding dollars due to inflation. Gold/btc are violate but I think that it's a better hold in long term scope regardless.

[Anonymous No.14167032]

>>14166640
How the fuck do you figure that?

[Anonymous No.14167051]

>>14167002
Yeah, gold is a wealth preserver. True. But I was thinking if a collapse were to come, at least your assets would add value to you and what wealth you can make then. Since your couldn't rely on the modern logistics to provide for you.

[Anonymous No.14167067]

>>14167022
Your money may be confiscated if you won't. So it's better to lose 1% rather than 50%. Also, national currencies will be devaluated even harder.

[Anonymous No.14167088]

>>14167032
It's hard to split gold to smaller amounts for precise exchange. They are much heavier than digital numbers. I don't deny that gold has been a popular meme as a currency but to deny that there's more technologically advanced and convinent money is just stupidity.

[Anonymous No.14167129]

>>14164305
"whatever it takes"

[Anonymous No.14167282]

>>14167088
The worst part about gold is that it is infinite. They found that gold temple in india and if they would sell only 50% of that gold the whole gold market would be whiped. Its literally worse like Hal Finney being revived.

[Anonymous No.14167417]

>>14165699
desu I feel the whole student loan debt thing is overblown. Debt per person is significantly less than the debt people were taking on from mortgages in 2008.

[Anonymous No.14167460]

>>14167129
This

[Anonymous No.14167500]

>>14167417
it's not overblown because it's affecting young people who are the backbone of economy...

[Anonymous No.14168185]

>>14166160
>>14166255
>>14166400
>>14166461
>>14166615
>>14166640
>>14166932
>>14167022
>>14167088
>>14167500
Hey retard you do realize that tether is admittedly only 74% backed with cash and “cash equivalents” cash equivalents =BTC. BTC is tethers backing, but they also print tether to buy BTC. As a mean average with all these tethers poofing into existence, 3million tethers are created every hour JUST to keep the BTC/USDT ponzi alive, you cannot make this shit up.
theres almos 3.5 BILLION tethers now. At the BTC all time high at 20k there were only a little over 1bil tethers. You’re telling me bitfinex poofing 2.5 BILLION out of thin air in less than 2 years and using said 2.5 BILLION to keep buying up BTC is legal and there is no BTC manipulation and BTC is organically growing through legitimate S&D. What a fucking joke. Entire market is propped up by BTC and BTC is propped by 3m/hour tether poofs

[Anonymous No.14168234]

>>14168185
From what I gather, Tether isn't connected to Bitcoin other than just acting as a "stable" place to transfer your currency to. Of course Tether needs to create more Tether, but it's to keep up with USA inflation. That was my understanding of Tether at least. Thoughts, anon?

[Anonymous No.14168329]

>>14168234
The poof millions of tethers into existence out of nothing, say its backed by fiat USD (which is hilarious because tether is banned in the USA but they’re apparently primarily backed by USD) and people trade their BTC for it because they think tether is backed by USD. The point is tether isnt backed up by USD, its backed up by BTC. To get back to a 1:1 USD backing these criminals use all their tether poofs to buy up BTC, rising the price of BTC superficially so they can recoup losses and get back to 1:1. Without fake tether poof buys BTC drops off a cliff and so does tethers “cash equivalents” because their cash equivalents are BTC. Everyone will panic trades their tethers into fiat, but bitfinex doesnt have the USD to pay everyone out.
Explain to me how tether poofs 2.5 billion into existence in a fucking bear market after everyone lost 85%+ and we’re not even 50% of ATH.
The absolute state of /biz/

[Anonymous No.14168408]

>>14168234
Binance exit scam imminent, their the biggest tether bagholders on the planet

[Anonymous No.14168450]

>>14168329
>>14168408
Huh. Very reasonable explanation.I suppose I'll sell my BTC holdings just to play it safe. I did see that Binance isn't servicing US citizens. So I knew that it would effect the market in some way. I didn't realize that Tether actually claimed to be back by anything, per se.
Thanks for revealing this.

[Anonymous No.14168480]

>>14168450

Many people sold their BTC holdings before 2017 pump because of this same shit. You're going to miss this bullrun.

[Anonymous No.14168529]

>>14168480
What are your thoughts on Tether being "backed" by BTC?
And wouldn't it be good to wait and see what comes from the new US policy on new ICO of alts being considered non registered security?
I'm sure that's going to have a big effect as well, especially after looking at this image (>>14168329).

[Anonymous No.14168571]

>>14168529
Look, the whole point is that the value of Btc is indepedent from tether backing. If they are using crypto to back tether, then it's because of its usd value. So, essentially, you're exchanging 1 bitcoin for 1 bitcoin with tethers anyways. Tether fud is so overhyped and rather pointless in the grand scheme. Yes, tether imploding is bad for sentiment but that's all.

[Anonymous No.14168771]

>>14168480
>>14168571
If you >>14168529 listen to these hacks you’ll get rekt, they’re blatant newfags who have done zero research into the USDT ponzi.
>>14168571 has zero reading comprehension and no idea how tether works, no you’re not trading 1 bitcoin for 1 bitcoin, you’re trading 1 bitcoin for .74 bitcoins, and the entire bitcoin price is only because of one thing, tether being created out of nothing buying BTC Heres how it works in a nutshell its pretty ingenious actually, kudos to bitfinex but they’ll make building jumpers out of the lot of you when you lose everything and this shit comes crashing down (as every ponzi does)
>bitfinex “creates” tether out of nothing, literally a keystroke
>tether bots buy up BTC
>BTC price goes up
>bots slowly put the brakes buys
>bot buys completely stop/stay at 1% power
>btc price stops climbing because the tether buys have stopped
>tether sells the new pump top
>btc market price drops
>rinse and repeat
Also, be aware bitfinex employs paid shills to stop tether fud, and anyone telling you tether fud is nothing is a newfag or actual paid shill
Pic related, its not a coincidence

[Anonymous No.14168799]

>>14167282
You’re a retard. That temple only had 1 tonne of gold and most of it was stolen by Pajeets decades before it was “officially” unlocked.

[Anonymous No.14168888]

>>14168529
Picture this, bitfinex admits tether is only .74 backed, what if binance, (who colludes with bitfinex as do other exchanges to keep the usdt/btc ponzi afloat) came out tomorrow saying they only have 74% of the bitcoins they said they had. Binance would implode, exit scamming whatever they could, BNB would drop to zero, BTC would drop off a cliff and binance would die as an exchange. Its the same exact thing bitfinex is pulling off, only people have no idea about it.
>>14168799
This and yamashitas gold is used to fund black projects

[Anonymous No.14168984]

tether fud 2019
tether will fail if everyone wants to get out of tether, just like banks fail if everyone wants to get out of the bank.
both wont happen unless there is some very good reason to do so

[Anonymous No.14169012]

>>14168888
they could payout 74% of all tether until they have to admit they can't pay it out. this wont happen.
also they earn shittons of money, where do all the fees go to?

[Anonymous No.14169037]

>>14168771

Just like people got rekt during the 2017 bullrun when you (Bitfinexed) were extremely salty and spouted this same shit to scare people off? Those who stayed in BTC got rich and those who listened to you missed out on the gains.