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/biz/ - Business & Finance


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15174722 No.15174722 [Reply] [Original]

Black swan for the Canadian dollar incoming folks, better start buying US currency before this shit tanks

https://www.cbc.ca/news/business/chase-bank-amazon-visa-marriott-credit-card-debt-1.5239411?

>> No.15174757
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15174757

this is how the debt buying narrative is going to get track, and trump is going to undebt america and make the dollar backed by bitcoin and litecoin and gold and silver. mark my words.

>> No.15174767

What the fuck

>> No.15174834

>>15174722
Precisely, this is an indication that JP Morgan sees that CAD is about to become worthless.
Also by exiting now they get to lock in their US tax write-offs while the CAD still has some value.

If you ever notice, leafs never actually post in-store prices after Trudeau banned it....Imagine paying $20 for a pack of chicken breast.

>> No.15174837

Explain yourself Canadians. Why didnt you max your Amazon Rewards Canadian card buying up graphics cards to mine cryptocurrency with??

>> No.15174865

>>15174834
I'm only one guy and I'm paying $400 monthly for groceries this year, WITH supplemental hunting + fishing. Five years ago I would pay about $230/mo and be eating steak every other night.

>> No.15174873

I hear my dumb friends talk about the American economy's inevitable collapse . They seem to think the storm will somehow miss Canada. Whatever hits the US will hit Canada 10 fold

>> No.15174894

Canada is a socialist shithole and Canadian peasants are owned body and soul by their government, thst they rely upon completely for survival in every aspect of their lives even down to basic food supply, which is subsidized. Housing healthcare food family education everything, all provided to the Canadian peasant. All they have to do, is do what they are told. So they do.

Fucking slime. Sellouts to Chinese and to their kike globalist slavemasters, who dare to gloat about their situation as if it is desirable to any free man.

>> No.15174895

>>15174722
Has nothing to do with currency, you fucking retard.

A US bank shut down two credit cards, the Amazon Rewards Visa, and the Marriott Rewards Visa. It made a business decision that it would be cheaper to just forgive the debt than continue to do business in Canada, or chase Canadians in court to get paid.

But you're too dumb to understand what's going on, and posted anyway.

>> No.15174898

>>15174834
So this just means they have to ship in many more Muslims to ensure continued prosperity?! They can do this.

>> No.15174902

>Amazon Rewards Visa
>Marriott Rewards Premier Visa
So not the chase credit card everyone has

>> No.15174931

>>15174834
Wait, Fagdreau banned what?

>> No.15174966

Canada is becoming the next Venezuela pretty fast I see.

>> No.15174983

>>15174894
This has nothing to do with governments, you fucking spastic. Chase decided to shut down TWO Visa cards issued in Canada attached to Amazon and Marriott, not ALL of their Visa business, you astounding waterbrain. Cards come and go in the hundreds. Chase has all kinds of "rewards" and "signature" cards, they're just lines of credit with some reward structure attached. OH NOES, TWO GOT ENDED, it's global financial armageddon!

The sheer ignorance in /biz is fucking frightening.

The ONLY thing notable about this is Chase did the math, and figured writing the debt off was worth more than selling the debt to third party collections.

>> No.15175037

>>15174894
shut up you dumb boomer

>> No.15175120

>>15174894
Ha ha ha. I love my communist shithole. I only have to work 450 hours a year to receive unemployment benefits. I haven’t worked more then 6 months a year in over 7 years. So what I have to do what I’m told for a few months a year to receive the benefits. At least their honest about it unlike your illusion of freedom. Free to do anything you want as long as you pay your taxes and wage slave your life away. Stay salty faggot

>> No.15175161
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15175161

>>15175120
jeez anon, you absolutely owned us... canada sounds like heaven, where do i sign up?

>> No.15175513

>>15174895
Thanks, Shekelstein.

>> No.15175562
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15175562

>>15174722
CAD is going to zero and so is USD after that. Theres a reason JPM has stacked 800m ounces of physical right in front of you goyims. They are the market makers and its time for a good old pendulum swing