/biz/ - Business & Finance

[Anonymous No.19325501]

If you live in the US, just keep your dollars. If you're not in the US, find a way to get USD or USD denominated assets. There is likely going to be a short squeeze on the US dollar because so many countries own loads of dollar denominated debt and there are simply not enough dollars to go around.
>but muh brrrr
There is no other currency that has anywhere near as much global demand as USD and few people think we will have deflation because of the Fed's printer. Every brainlet sees what the Fed is doing and is prepping for hyperinflation. Hyperinflation will come, but after a short squeeze on the dollar. Only the US fed can print dollars. Other countries who need dollars to pay their debts to Uncle Sam don't have that luxury.
>but they will just default on them
If they do, those loans are gone and money is destroyed. That lowers dollar supply, which increases it's value versus other currencies.

If you're high IQ and still interested check this out https://youtu.be/TMSpbmg59UU

Credit to Brent Johnson and his dollar milkshake theory.

[Anonymous No.19325571]

>>19325501
Glow nigger its a holiday take a break

[Anonymous No.19325576]

>>19325501
Yeah inb4 dollar milkshake theory. This bullshit is repeated by retards who still don't get that biggest holder of US debt is China. Any dollar deflation would just nuke US. Btw your genius Brent Johnson runs some weird investment fund sitting mainly on shorts and USD. He shares his wisdom to sell it.

[Vermin Supreme for president No.19325624]

>>19325576
That last argument is the same bullshit people throw at Peter Schiff. They didn't inherit some fund and got tasked to market it, they run those funds because they believe in it.

[Anonymous No.19325663]

>>19325624
Ok, you also got any argument concerning the topic?

[Vermin Supreme for president No.19325750]

>>19325663
No

[Anonymous No.19325859]

Ok so now biz and reddit are bullish on.. the dollar? Lmao now I know we are headed for hyperinflation soon.

[Anonymous No.19325872]

>>19325501
Your absolutely fucking retarded faggot
it’s the US thats in debt =total debts and unfunded liabilities $180 TRILLION
That’s why the FED is monetizing it to try stop financial and economic collapse
That brings the inflation of consumer staples and essentials
It’s already happening
Take your faggotery and cuck worshipping of BJ Johnson to back reddit

[Anonymous No.19325920]

>>19325576
>This bullshit is repeated by retards who still don't get that biggest holder of US debt is China.

Biggest FOREIGN holder of US debt is China, at like 2.2 trillion. Domestic held debt totals something around 15 trillion, you retard.

[Anonymous No.19325930]

>>19325859
This. Dollar milkshake safe haven demand has persisted throughout corona, but it’s going to go down once other countries’ economies stabilize. Once we hit that point the increase in money supply will be felt and the dollar will lose a shitload of purchasing power. PMs are unironically a good buy right now

[Anonymous No.19325948]

>>19325501
USD is a bigger Ponzi scheme than bitconnect

[Anonymous No.19325958]

>>19325930
>the dollar will lose a shitload of purchasing power
Which means that manufacturing floods back into the US. The ONLY thing keeping the US de-industrialized is a strong dollar. Everything else is and has almost always been perfect conditions for a world-beating manufacturing base.

[Anonymous No.19325976]

>>19325501
So, buy AAVE then? ok.

[Anonymous No.19325981]

>>19325920
Aha, and what's the point? If course domestic total debt of all countries is higher. But the 2,2 of us of course are reason enough that something like strong usd deflation will never happen as it would be the end of USA. Also in this case, the last thing i'd like to be invested in is US assets

[Anonymous No.19325992]

>>19325872
Brent Johnson is right and peter schiff is a retard.

But it doesn't matter who you think is right or wrong at the end of the day they both have the same message.

BUY GOLD

[Anonymous No.19326008]

>>19325859
>>19325872
Hyperinflation will come, but after a short squeeze because of people like you saying it's not possible.

[Anonymous No.19326053]

>>19325501
So what, every milkshake is gonna cost a dollar now? Fat chance.

[Anonymous No.19326242]

>>19325981
My point is that China isn't functionally able to cause either strong deflation or inflation, it doesn't control enough dollars even taking the market chaos it could cause.

[Anonymous No.19326344]

>>19325976
>Unironically have a bag of this
Got some adai too

[Anonymous No.19326378]

>>19326008
>>19326008
https://www.boston.com/news/food/2020/05/12/april-saw-the-sharpest-increase-in-grocery-store-prices-in-nearly-50-years

Take my dollars faggot, I'll take real assets like precious metals.

[Anonymous No.19326393]

>>19325501
>If they do, those loans are gone and money is destroyed.
You are dumb.

[Anonymous No.19326417]

>>19326378
That price increase is driven by meat prices, which is driven by bottlenecks in production, not dollar weakness.

[Vermin Supreme for president No.19326945]

>>19326242
So? They aren't the only holder of dollars

[Anonymous No.19326993]

>>19326242
No one mentioned china causing inflation/deflation. It's just that the US with huge foreign debts and most of them in giant is fucked beyond anything if really a dollar shortage/deflation would happen. Johnson's implications investment to buy us assets and him mentioning china to have any problem in a deflationary case is just wrong. So even if his scenario proved right, his implications how to invest would be completely wrong.

[Anonymous No.19327289]

My understanding of gold as a "safe haven" investment is holding physical gold. Do gold mining stocks count too?

[Anonymous No.19327303]

>>19325958
Low wages and through it higher productivity would be the main drivers of reindustrialization. A lower dollar is just a pain for US debts and trade deficits.

[Anonymous No.19327340]

>>19325501
Isn't it better to store my money in BTC?

[Anonymous No.19327361]

>>19327340
Boomer rocks

>>19327289
No

[Anonymous No.19327369]

>>19327289
I don't really believe in johnson's thesis, but i own Newmont mining. Would be his perfect asset when i understand him correctly (US + gold). Reason why i own it is because gold stocks give you leveraged exposure to gold. The case when stocks are nothing worth anymore, than also gold won't help. You need a glock and some month's food.

[Anonymous No.19327505]

>>19326393
No u
In a debt based system, money is created when a loan is taken out and destroyed when the loan is paid back or defaulted upon.

[Anonymous No.19327531]

>>19327505
>In a debt based system
everything is so beyond the point of fuckery

[Anonymous No.19327726]

>>19325571
Kek