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/biz/ - Business & Finance


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19903788 No.19903788 [Reply] [Original]

MARKET GONNA CRASH LIKE NEVER EVER SEEN BEFORE

BIGGEST RECESSION TO COME

BIGGEST DEPRESSION TO COME

WHAT A GREAT TIME TO BE ALIVE

>> No.19903800
File: 68 KB, 960x506, 2020-06-18 (1).jpg [View same] [iqdb] [saucenao] [google]
19903800

>> No.19903802

>>19903788
Checked baby.

Waiting to buy back bitcoin at 2k.

>> No.19903812
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19903812

>> No.19903819
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19903819

you were warned >>19800287

>> No.19903828

wake up to crab market, meh

>> No.19903832

>>19903819
How long till we see the collapse?

>> No.19903868

>>19903832
Of civilisation? That will take some months (early-mid next year) but now is the right time to absolutely short everything and buy back in 1-2 years.
Check first picture how long it takes... the media simply picks up at pretty much the bottom. As for example 2008 media picked up at Lehman Brothers collapse which was pretty much the bottom of the whole crash.
However, as this one is bigger it is also possible that they will cover it for quite more time as it is the biggest bubble we've ever had

>> No.19903917

>>19903868
What good will your money be if civilization collapses?

>> No.19903992

>>19903917
USD? During a depression everyone wants Cash... not Gold or anything that doesnt work like Bitcoin.
Afterwards (if) Inflation starts to hit is when you look for other commodities

>> No.19904268

>>19903992
Depression =/= collapse of civilization.

>> No.19904316

>>19904268
With this sort of NPC's we have nowadays it absolutely is.

>> No.19904337
File: 1.24 MB, 2048x1536, 1591995708334.jpg [View same] [iqdb] [saucenao] [google]
19904337

>>19904316
Forgot relevant picture

>> No.19904384

>>19904316
You're saying a depression will lead to the collapse of civilization?
Again, what use will cash be when the collapse happens?

>> No.19904397

>and my autistic ass went all in on SQQQ

>> No.19904435

>>19904384
Do you understand what a depression means?
Because it seems that you think everyone will continue to have their jobs, earn the same and everything will be exactly the same...
2 months of lockdown have been enough to cause a massive disruption that even if everything was ok again would need to paid back during the next 10-20 years... for 2 months.

>> No.19904456

>>19904435
No, anon. I am not implying "everyone will continue to have their jobs" in a fucking depression.

You're an idiot.

>> No.19904462

>>19904268
>>19903992
>>19904384

Holy shit, the absolute state of /biz/, you fuckers are brain dead, go back to your anime cartoons and collecting your neet bux.

>> No.19904470

>>19904456
So tell us, what happens during a depression?

>> No.19904473

>>19904268
>>19904316
Usually it's connected with finding back to some more traditional values..

>> No.19904475

>>19904470
Why would you ask me that?

>> No.19904480

>>19904470
is it okay to short bitcoin you think? It is correlated with the traditional markets so I figure it will collapse to like 1 or 2k.

>> No.19904543
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19904543

>this thread

the absolute state of leftists
>corrupt system won't last we need to go back to traditional values like nature

based orange man is gonna make sure this epic crash never happens, stay mad

>> No.19904544

>>19904475
Because I literally already answered it to you.
here >>19903992 and here >>19904435 and you still ask the same question...
During a depression production goes down, jobs become less... what does that mean? Simple, YOU NEED FUCKING CASH.
No, Gold doesn't go up because rich people are not making their millions they were making as before. It's a time of simply waiting if you're wealthy... Have you not read it yet that rich people are fleeing the cities? Why do you think so many CEO's left at the end/start of the year?

Depression:
Less jobs, less production, less consuming (short Apple to hell)
USD gets more valuable as it isn't a fucking currency collapse.
I do agree that USD could actually collapse if it really goes that high, however, that would be 2-3 years into the depression.

>> No.19904558

>>19904544
>During a depression production goes down, jobs become less... what does that mean? Simple, YOU NEED FUCKING CASH.
Yes.

But you talked about the collapse of civilization, and I asked you what good your cash will do you then.
You absolute dumbass.

>> No.19904561

>>19904543
its hilarious that the people who will get fucked over the most by 'based orange man' are those that vote for him XD

>> No.19904563

>>19904435
Lmao, what a god damn idiot.

>> No.19904568

>>19904558
You do understand that we're overpopulated and many won't have the money to buy food?
Do I really need to explain every little detail?
Have you seen the food banks ALL AROUND THE WORLD INCLUDING FUCKING SWITZERLAND?

>> No.19904576
File: 377 KB, 889x1207, doctor epidemiologist says blm protests outweigh corona covid.png [View same] [iqdb] [saucenao] [google]
19904576

>>19904561
Yeah, it's the bad orange man fucking everyone over.

>> No.19904589

>>19904568
You are a legit schizo.

In a depression, cash is excellent.
In a civilization collapse, what good is your cash/gold/bitcoin/... then?

>> No.19904592

>>19904568
>12 posts by this id
take your meds schizo

>> No.19904603
File: 260 KB, 1200x1194, jennifer lawrence trump.jpg [View same] [iqdb] [saucenao] [google]
19904603

>>19904561
>XD
Ok reddit, can you name what Trump was fucked his voting base over with ?

>> No.19904617

>>19904589
Fuck you are retarded
You really think the only form of a collapse is anarchism? Are you fucking retarded you commie?

>> No.19904625

>>19904617
>You really think the only form of a collapse is anarchism?
No.
I'm saying a depression is not a "collapse of civilization".

>> No.19904655

>>19904561
>on the other hand i never get fucked over by my own comrades
Oh boy, the absolute state of humanity itself.

>> No.19904691

>>19904625
And I didn't say it is. But if you for once would analyze for 10 seconds the world you would understand it.
2 months of lockdown resulted in massive disruptions, even in the richest countries with food banks that were longer than everything we've seen before. Imagine a depression for 1 year... you would still need cash... It's fucking natural selection. You either have money, are self sustaining or have some of the rare jobs. The rest becomes Venezuela where they eat rats to survive.
And those with USD will still use USD.

>> No.19904708

>>19904691
>And I didn't say it is.
So when you talked about the collapse of civilization, what use for cash do you see then?

>> No.19904711

>>19904691
stop shitting up the board retarded schizo. kill your ugly self. you're worthless and everyone in your life hates you. DO IT.

>> No.19904719

>>19904568
>we're overpopulated
Literally no one makes babies nowdays except africans.

>> No.19904732

>>19904708
Fuck you are retarded...
Can't help fixing your lack of reading comprehension skills

>> No.19904781

>>19904732
This whole exchange with you has been mind-blowingly retarded.

>> No.19904793
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19904793

>>19904732

>> No.19904887

>>19904473
And a lot of people dying through famine, violence or illness.
Wow I can't wait, sounds awesome !

>> No.19905218

no collapse
FED pumps inflations pumps stocks up.. and bear missing on gains
There is no bubble going on ''ready to pop''...everything is priced in fair (crypto, gold, stocks)
This is not like in 2007 when banks were giving loans to homless people
There's no bubble around
Only events like Covid can crash the market cause simply THERE'S no bubble ONGOING
WHY DON'T CHA UNDERstand?

>> No.19905436

>>19905218
basically, this. The only reason stocks aren't much higher or f.e. ethereum isn't $300,- min is because of the corona shit. US and SOuth America are hit hard right now, but in most of Europe and many Asian countries it's already much better so we could be back at normal levels of economic activity worldwide in one or two months

>> No.19906693

>>19904470
people kill themselves because they loose money

>> No.19906751

>>19904568
>We are overpopulated
what a meme.
Stop having babies for the enviroment white man

>> No.19906794

>>19906751
>what a meme.
It's not... in the 60's one job could feed 5 people without problems... nowadays the same kind of job would not be able to feed 1 person

you MIGA tards seriously have some problems with your love for communism

>> No.19906796

>>19905436
>economic activity worldwide in one or two months
and then always go up and upper... nothing can stop the stock market beside physical events
Because there's no fucking bubble going on.. it's in the naturale sphere of the things that SP 500 goes up and upper


IN FACT SP500 IN 1990 WAS LOWER THAN NOW AND IN 1929 WAS LOWER THEN IN 1990

IT'S THE NATURE OF THINGS: STONKS GO UP IT'S NOT A MEME

NOW... YOU CAN HAVE SOME RECESIONS HERE AND THERE BUT THEY RECOVER FAST UNLESS IT'S NOT A WAR OR A PHYSICAL CALAMITY LIKE CORONAVIRUS

>> No.19906829

>>19906794
This is not because of overpopulation but the diverge from the gold standard

>> No.19906844

>>19903788
lol today not even that bad.

>> No.19906853

>>19906829
No it's not.
Literally by accepting women as workforce the available jobs halved... and then you could add the immigration (legal or illegal doesn't even matter)

>> No.19906917

>>19906794
>nowadays the same kind of job would not be able to feed 1 person
WTF are ya' talking about tard that in 1960 an T guy was paid 20k per year while now 100k per year
it's only that people make less children and they focus on growing up better a few babys than having 11 babys but growing them up like shit

ahaha retard

>> No.19906939

>>19906917
>an T guy
an IT guy*

>> No.19906960

>>19906917
>WTF are ya' talking about tard that in 1960 an T guy was paid 20k per year while now 100k per year
how about inflation you absolute state of subhuman homoid retard?

>> No.19907038

>>19906853
Women joined the workforce because of overpopulation? what are you on about

>> No.19907051

It's a V shaped recovery and you fucking missed it

>> No.19907053

>>19906829
>>19906917
also
Population USA 1960: 180 Million
Population USA today: 330 Million
while several jobs have been transfered to other countries thanks to your loving globalism you absolute commie cucks

>>19907038
fuck you are retarded, are you MOjhnop+?

>> No.19907064

>>19904603
The celebs literally fucked and sucked the dick of an obese and ugly elderly man with actual DICK GANGRENE, just for a shot at fame, lmao. And now they are lecturing us.

>> No.19907077

>>19907053
You are the commie here, wtf are you on about bugchaser

>> No.19907154

>>19903802
Bitcoin won't go down because the monetary base is increasing

https://fred.stlouisfed.org/series/BOGMBASE

https://fred.stlouisfed.org/graph/?g=gI4A

https://fred.stlouisfed.org/series/UNRATE

https://fred.stlouisfed.org/series/ICSA


All exchange data is also correlating to the monetary base increase , all data shows increase in fiat value while a decrease in the ammount of bitcoins in the transactions.

>> No.19907211
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19907211

>>19906794
In 1966 Alan Greenspan wrote "Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard."

https://wtfhappenedin1971.com/

>> No.19907394
File: 852 KB, 1920x1080, WTF Happened in 1971?.png [View same] [iqdb] [saucenao] [google]
19907394

>>19906853
Yes, it is

>> No.19907447

>>19906960
>how about inflation you absolute state of subhuman homoid retard?
inflation meme?
lol
2% per year you compute that and you arrive to 100k per year
but this is not the point here
I was talking that people make less children just because they focus on letting the few grown better than making more children but growing them up like shit
it's an eolutionary process that white homo sapiens has reached

>> No.19907524

>>19906917
why would you use IT salaries in the 60's to base your argument? Arbitrary, and stupid bc in the 60s technology is not how we know it today

>> No.19907538

>>19907053
>Population USA 1960: 180 Million
>Population USA today: 330 Million
What you mean?
I can say that more population = economy up cause there's more money flowing into the stock market (also real estate up)
and you gotta take it because it's pure logic
Markets go up not because of bubble-.. simply because population grows and more people put money in

>> No.19907542

>>19907211
absolutely based and dangerously redpilled

>> No.19907653

>>19907394
Are you seriously implying that WAGES depend on if or not there is a Gold standard?
>>19907447
so you agree that back then the wages, which were obviously lower, granted a better form to grow up kids...
>>19907538
more population with same amount of jobs (or less) means that you have more workforce for the same amount of work which means that you can pay people less for the same amount of work as you don't depend on hiring the best of the best
it's basic economy

>> No.19907903

>>19907154
Bitcoin crashes when the market crashes, normies see it as a high risk investment not a store of value, which means its one of the first things they’ll cash out when they’re in trouble

>> No.19908070
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19908070

>>19907653
Are you seriously implying that despite a localized leveling of female labor participation around 1971 within a generally steady rate somehow constitutes a large feminist labor participation explosion, such that it can explain the leveling of male income?

>> No.19908183

>>19907903
>Bitcoin crashes when the market crashes

That's what the bankers want you to think , the "coinmarketcap" price crashes which is related to big exchanges.

In march when it fell to 4k the price at localbitcoins in places with capital controls was still 9k.

They shorted the fuck out of it to make normies think it's not a safe asset , they probably shorted it as much as jan 2018 and here we are back at 9k a few months later.

>> No.19908188

>>19908070
So you ignore previous years because economy always reflects the exact present, right?
Stop trying to act like a smart fag because you will stay a fag

>> No.19908242

>>19907154
Delusional cryptofag, nobody takes crypto seriously anymore. 2017 is never going to happen ever again unless there's a way to "consume" cryptos like in gold. Safe investments are in real estate and gold/silver.

>> No.19908245

>>19908070
>>19908188
also, isn't it funny that all of your charts show the exact same plateau in 1970-71? It's almost as if companies were not hiring that year and afterwards had an immense amount of workforce which resulted in lower wages

>> No.19908306

>>19908242
I imagine people in 2016 said the 2013-2014 bubble is never going to happen again.

>> No.19908325

>>19908242
bitcoin has lower inflation than pms now and real estate will be so inflated by qe that the left will push confiscatory laws internationally to seize real estate.

>> No.19908413

>>19907653
>WAGES depend on if or not there is a Gold standard?
gold standard wil be implemented in 40 years and you'll be dead missing gains of inflations

>>19907653
>so you agree that back then the wages, which were obviously lower, granted a better form to grow up kids
>>19907653
>>19907653
It's also because society ha became more competitive for jobs for femals for everything
It's a darwinian process but doesn't mean stocks = down
In my opinion stocks = always up because population grows and there are more people putting money into it

>> No.19908433

>>19907653
>more population with same amount of jobs (or less)
there will always be new jobs
you see it with internet and youtube

>> No.19908434

>>19908325
>bitcoin has lower inflation than pms now
Bitcoin is extremely inflated, price should be less than 1000 but why is it floating around 9000? Also, PM prices are on the right price, undervalued in fact since there's an obvious price suppression on gold. Why should Bitcoin be more valuable than gold? It doesn't make any sense at all.

>> No.19908446

>>19904561
you know blumpfht doesnt control the frd right retard? the jewish bankers are going to dump on you whether drumpfght likes it or not

>> No.19908458

>>19907653
>that you can pay people less for the same amount of work as you don't depend on hiring the best of the best
Ok this has sense

More population -- less jobs ---- UBI

this is the path. Some of the profit of automatation go into UBI

UBI goes into the stock market

>> No.19908471
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19908471

>>19908306
>>/biz/thread/S1214767#p1217369

>> No.19908484

>>19908434
The monetary supply of Bitcoin even at 20k is way, way, way, way less than the amount of gold floating in the world, that's why. We're talking trillions of dollars vs 172 billion

>> No.19908527
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19908527

>>19903788

I hope so. I got some cash aside for this case and am cost averaging the shit out of every good share.
Keep on bobos

>> No.19908548

>>19908413
>doesn't mean stocks = down
i never said it nor implied that...
you simply started responding to something that wasn't even referring to stock market

>>19908433
unless they go to somewhere else because MIGA tards love globalism like good commie cucks

>> No.19908562
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19908562

>>19908484
I feel so sorry for you anon. You really are delusional.

>> No.19908722

This is an intersting argument by the way
some days ago I was calculating the future entroits for a future e-thot

I was factoring in the fact that the population on line goes up and upper

we could take this as an example of real world population

my question was: HOW MUCH WILL THEY PAY E-THOTS IN THE FUTURE?

In 2015 given an e-thot with 100'000 followers
with X ammount of people around the world on internet and Y competition advertaizing companies pay an ammount Z to the e-thot.

In 2023 with X ammount of people on internet and Y con... given an e-thot with 100'000 followers she will have less money of what she would have in 2015 for her having to sponsorize a product

Basicall 100'000 followers in 2015 have not the same value of 100'000 followers in 2023

Why?

Because the population on line grows. It also grows the competition (more e-thots on line)


sorry for the reddit spacing

>> No.19908914

>>19908471
basado

>> No.19909058

>>19908722
I accept your apology

>> No.19909149

>>19904561
merimutts praise their orange chimp

>> No.19909513

>>19908562
I'm delusional for stating a mathematical fact? There is more mined gold out there than there is money in the Bitcoin market so of course each ounce of gold is worth less. It's a numbers game.

>> No.19909824

>>19904568
overpopulation is a meme

>> No.19909833

>>19906844
OHNONONNOONONONONOO BULLBROS WE GOT TOO COCKY

>> No.19909979

>>19908183
>here we are back at 9k a few months later
at 9k not at 20k

>> No.19910192

>>19903800
Been screeching about this for weeks. Japanification.

>> No.19910355

>>19903800
Explain what this means like you would to a child? I’m just here for the crypto but that chart looks bad.

>> No.19910634

>>19910355
It's a massive controlled ponzi by non elected jews

>> No.19911887

bump for american wage cucks

>> No.19912005

>>19906693
It's "lose," you fucking illiterate zoomer.

>> No.19912072

>>19905218
>t-there's no bubble guys, n-nothing to see h-here

>> No.19912286
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19912286

>>19903788
nothing ever happens
I want it to fucking CRASH for EVER but this jewish market system dont want to

>> No.19912570

guys basically it's in the nature of SP500 to go up

>> No.19912646
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19912646

>>19912570

>> No.19912693
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19912693

>>19903788
it's over bull boyz
rope soon

>> No.19912726
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19912726

>muh dollar milkshake
>muh deflation
>muh 1929
>muh global margin call
>muh solvency crisis

KEK all your narratives have been blown the fuck out since march. stay poor and cope harder bear faggots.

>> No.19912809
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19912809

>>19912726

>> No.19912894

>>19907653
>more population with same amount of jobs (or less) means that you have more workforce for the same amount of work which means that you can pay people less for the same amount of work as you don't depend on hiring the best of the best
This is why big coorps shill leftist ideology- immigration, strong independent women in workforce rather in the home. promotion of abortion and homosexuality (pregnancy cost a shitload for the company)

>> No.19912914

>>19903788
YES YES YES

I WANT MY CHEAPIES AND I WANT THEM NOW

>> No.19912937
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19912937

What is the bubble exactly? In 08 home loans defaulted and crashed the economy, but stock market recovery was slow because people started to split parking their money in dirt cheap real estate and the stock market. The real estate market is still inflated now so people are parking their money in the stock market. Bond yields are trash so they aren't even worth considering. Where else are people going to store money where they can make gains that outpace inflation?

We might see corporate debt or commercial real estate start to default and cause another leg down but businesses can surprisingly run on fumes for a long time - that crash could still be months out and will still probably be smaller than the March crash.

>> No.19912955

>>19907154
bitcoin is fundamentally flawed u moron. Lol at brainlets that STILL haven´t figured this out. Big whales are getting ready to leave bitcoin forever soon. Friendly advice

>> No.19913007

>>19907653
>Are you seriously implying that WAGES depend on if or not there is a Gold standard?
How do you maximize efficiency in the workforce? The whip or a carrot? You provide the wagies with just enough to survive. They will be more willing to work overtime and work harder to climb the corporate pyramidescheme

>> No.19913029
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19913029

>>19912937

>Where else are people going to store money where they can make gains that outpace inflation?

Gold. People will gradually realize that they are fools to be buying stocks at these P. E. ratios, especially with high inflation on the way. Why buy something which could crash at any time, and which pays either no dividend or a pitiful one, when you can buy gold, which is still extremely cheap when compared to the Dow.

>> No.19913115

>>19913029
Market movers aren't buying gold lmao.

>> No.19913118

>>19905436
retard. You will never make it. Stock and crypto markeds are overvalued, only a idiot can´t grasp this

>> No.19913147

>>19912646
bear cope

>> No.19913169

>>19912693
>markets will follow my immaginary pattern cause I red it on a boock

>> No.19913182

>>19906796
hahahah. Western world has reached the peak, it´s only downhill from here. If you think stocks will go up forever, because it has so in the past, you have retard tire IQ. I will never think this board is smart ever again.

>> No.19913195
File: 143 KB, 1536x864, bull.png [View same] [iqdb] [saucenao] [google]
19913195

>>19913115

>> No.19913199

>>19912726
>>muh global margin call
this is funny because BASICALLY USA HAS DEBT WITH ITSELF LOL
IMMAGINE THIS:
''Bro we have too much debt... we gotta this debt to... to... to ourself..''
AHAHAHAHAH LAMO

>> No.19913343

>>19912937
>Ohe real estate market is still inflated now
The cause of 2008 crisis was not the Real estate inflated it was the loan sistem in a bubble they gave loan without garantiees
Real estate is never inflated because:
population = growns up and upper
there is a finite ammount of land

real estate = gold (better than gold cause at least they have a basic utility like food... gold is a yellow fancy metal)

>> No.19913359

>>19908183
Jan 2018 crash was the pop of a bubble combined with Mt Gox coins being sold off. And you know what, the exact same thing is due to happen in a few weeks. More Mt gox coins being sold, and the pop of the bitcoin bubble again. I bet you don´t even understand the weakness in the bitcoin codebase. Unless you understand the biggest weknesses of bitcoin, stay quiet little man. Western world is in the most obvious top ever, high iq anons like me and OP sees that. We have had a bullrun for 100 years, no it´s time for the 100 year BEAR market. Deal with it, things will get a lot worse.

>> No.19913372

>>19904561
Trump had little to do with it, these root economic problems go all the way back to the feds reaction to the dot com bubble in early 99-2000

>> No.19913381

>>19912937
>We might see corporate debt or commercial real estate start to default
lol BUT WHY?
WHY SHOULD THEY DEFAULT LOL?
OBv you have misunderstand what happened in 2008

>> No.19913401

>>19912955
>leave bitcoin forever soon
For?

>> No.19913491

>>19913359
>Western world is in the most obvious top ever
yeah the same thing in 1990. There is always a top and there is always a recover
the crash was corona virus
it lasted less cause fed pumps and helps business out
inflation may hit in the future but being bear now you miss on gains

>> No.19913506
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19913506

>>19913343

>The cause of 2008 crisis was not the Real estate inflated it was the loan sistem in a bubble they gave loan without garantiees

This is false. You can see it is by looking at house-prices adjusted for inflation. Subprime was simply the pin that pricked the bubble, a bubble which itself was created by artificially low interest-rates.

>Real estate is never inflated

Again, false. We know when real-estate is inflated, because we can examine it against earnings. House prices are 8x earnings now, when they should be 2.5x earnings, the historic average.

>real estate = gold (better than gold cause at least they have a basic utility like food... gold is a yellow fancy metal)

Upon the whole, gold is far more valuable than real estate. Most of the price in real estate is either 1) Because of the asset-bubble created by the Fed, 2) For ornamental purposes. A house has true value only insofar as it shelters you; anything beyond that is a luxury. Whereas gold is absolutely necessary for civilization, since it moves us past the barter-system. It is the only thing which serves both as a stable store of labour, and as a medium of exchange. You could have civilization with the most boring, workmanlike houses; but you could not have it without money, and gold is money.

>> No.19913737

>>19913401
Chainlink

>> No.19913752

>>19913401
For cash, gold, yachts, lambos and a private island. Crypto whales are getting filthy rich while you poorfags are buying their bags.

Let me state some facts
>Coronavirus may never have a vaccine, and hundreds of millions will have long term or permanent damage, which means unemployment will only get higher the next decades.
- Bitcoin has old mediocre code, vulnarable to bugs because of no formal verification
- Western and world IQ is decreasing every year
- Africans have the highest birth rate in the world
- Stocks are very overvalued, and companies will struggle over the next years
- Innovation is slowing down
- Social unrest is increasing
- White people feel threathned, which leads to all sorts of trouble
- Housing market and crypto also extremely overvalued
- America will only decline and eventually separatin will happen

- Huge wealth gap will lead to more disatification, and the rich will be hated and forced to flee.
- We have been in a bull marked for 70+ years, and all things come to an end.
- Resource scarcity and global warming
- Increase in solar flares
- Magnetic poles are moving at fast rate
- Expected increase in earth quakes and extreme weather

The gig is up, we will start a loooong bear market.

>> No.19913802

>>19912955
Daily reminder '17+ fags opinions are worthless

>> No.19913910

>>19904561
is that because most lefty voting faggots don't live anywhere near dindus

>> No.19914134

>>19913737
double 37

>> No.19914172
File: 3.36 MB, 7704x3240, thegreaterdepression.png [View same] [iqdb] [saucenao] [google]
19914172

>>19913752

Worst bear-market in history is definitely coming. I suppose the only problem is that most people will think it's a bull-market until it's too late.

>> No.19914272

>>19913506
>You can see it is by looking at house-prices adjusted for inflation. Subprime was simply the pin that pricked the bubble, a bubble which itself was created by artificially low interest-rates.
fed is pumping is not lowering interest too much
Also as you can see they came back the inflation adjusted came back to normal

x8 of wage earnings?>>19913506
>Upon the whole, gold is far more valuable than real estate. Most of the price in real estate is either 1) Because of the asset-bubble created by the Fed, 2) For ornamental purposes. A house has true value only insofar as it shelters you; anything beyond that is a luxury. Whereas gold is absolutely necessary for civilization, since it moves us past the barter-system. It is the only thing which serves both as a stable store of labour, and as a medium of exchange. You could have civilization with the most boring, workmanlike houses; but you could not have it without money, and gold is money.
house is a piece a land. There's a finite ammount of land and the land you own along with the house you own is always more valuable compared to when you bought it beside deflation
if deflation than yes you lost but deflation lasts only a small ammount of time

>> No.19914296

>>19913195
We're already at Trend Emergence.

This fall will be first shake-out.

Over winter will be momentum building, and we go on from there.

>> No.19914360

>>19913752
>Western and world IQ is decreasing every year
>- Africans have the highest birth rate in the world
50 years timeframe problems
>- Stocks are very overvalued, and companies will struggle over the next years
company have the fed
stocks and crypto is fairy valued at the moment. ''Muh one billion Market cap'' speculation is fairy valued
>- Innovation is slowing down
it always go up
>>19913752
>- Housing market and crypto also extremely overvalued
no
>- White people feel threathned, which leads to all sorts of trouble
/pol/ tier
>Resource scarcity and global warming
>- Increase in solar flares
>- Magnetic poles are moving at fast rate
doomery

COPE HARDER BEAR

>> No.19914448
File: 13 KB, 512x320, realhp.png [View same] [iqdb] [saucenao] [google]
19914448

>>19914272

>fed is pumping is not lowering interest too much

The situation in the bond-market is infinitely worse than it was in 2008. Nominal yields were still 5% at that time. They are now nominally 0.7%, and really negative; so that nobody has any good reason to buy a bond. That is a situation which inevitably leads either to default or hyperinflation. The Fed has printed 7 trillion and it can still hardly keep yields down. But it must keep them down at all costs. The stock market is in such a bubble that, if yields rose even to 1%, it would crash. Even 3% yields crashed the market in late 2018, forcing the Fed to re-start Q. E. Tapered liquidity (only $1.5 trillion per annum), and creeping yields, are what are causing the stock-market crash going on at present. Only YCC can prevent it, which will cause the utter destruction of the dollar.

>Also as you can see they came back the inflation adjusted came back to normal

My picture ended at 2012. This one is more recent. Houses are now in even more of a bubble than they were in 2006. The Fed has spent all its ammunition to re-inflate this bubble. When it bursts, the whole system collapses.

>house is a piece a land. There's a finite ammount of land and the land you own along with the house you own is always more valuable compared to when you bought it beside deflation

As I say, beyond providing shelter, which any cheap house can do, the various other aspects of a house are simply luxuries. Whereas gold is a necessity, the only true way to preserve and exchange your stored labour for the goods or services of others. There is a reason why, after the hyperinflation in Weimar Germany, a small quantity of gold could buy a house. Once you have your house, or, as in the case of most people, if you don't even have a house, where are you going to protect your money? Gold is the only safe haven. It has incalculable value during times of financial turmoil.

>> No.19915064

>>19914448
>The stock market is in such a bubble that, if yields rose even to 1%, it would crash
why?

>> No.19915089

>>19914448
>Once you have your house, or, as in the case of most people, if you don't even have a house, where are you going to protect your money? Gold is
this if hyperinflation scenario happens.
Why should it?

>> No.19915134

>>19904576
How much Chinese $ did this whore accept

>> No.19915140

>>19907394
the divergence happens not when the dollar stops being backed by gold, but when the era of social democracy from the next 30-40 years after that finally ends.

>> No.19915144

>>19915064
Not that anon, but I think it’s because it would make servicing the debt practically impossible.

>> No.19915145

>>19905218
Holy shit rabbi seethe more retard

>> No.19915175

>>19906796
Maybe if you lurked /pol/ more you would realize how bad things are. It’s only a matter of time until majority of American investors realize the democrat Jews are trying to kill this country and the whole market collapses. Also all of this isn’t trump’s fault. It’s China and NWO jews

>> No.19915193

>>19904337
any progress pics on that trash garden?

>> No.19915195

>>19903788
I wonder if I should just dump everything I have, it's not like I have actual money compared to some folks but still, would be sad to see my baglets become worthless

>> No.19915251

>>19915064
>>19915089

In a healthy economy, with true price discovery, yields should be between 5 and 20%. But the Fed artificially suppresses them with Q. E. to keep asset bubbles afloat. The larger asset-bubbles are, the more you need to print to suppress yields, and so prop them up; because yields give a risk-free return to investors, and so disincentivize buying stocks or real estate. Our asset-bubbles are so large that even 3% yields crash them, as we saw in late 2018. Hence the Fed cannot allow yields to rise. Now when you reach negative real yields, which means a low nominal yield + inflation, you eventually cause a crash in the bond market; since the central bank becomes the only one who is still buying bonds. This is called monetizing the debt, and is what YCC would imply; and only YCC can halt this stock-market crash. Unless it defaults, therefore, hyperinflation is America's inevitable destiny by 2023-2024.

>> No.19915300

>>19903788
Based technical retard

>> No.19915473
File: 38 KB, 1214x382, Screen Shot 2020-06-24 at 4.26.43 PM.png [View same] [iqdb] [saucenao] [google]
19915473

>>19903788
I'm going to be rich.

>> No.19915475
File: 421 KB, 3840x2160, zenitsu.jpg [View same] [iqdb] [saucenao] [google]
19915475

>>19907211
but no one seems to care we are on a path to total destruction regardless of who wins in November

>> No.19915564

>>19914172
can you explain what this means

>> No.19915598

>>19914172
The real problem isn't whether or not people think this is a bear/bull market. The majority of the population doesn't own any stocks. The people who do own stocks are wealthy enough that they will only be minimally affected by a market crash - other than probably some retirees who are relying on their nest-egg to keep them going for the next 5-10 years until they die, but even those are likely diversified enough (as boomers tend to be) that the crash will be mere inconvenience.

The real problem is what a prolonged depression actually means for all the people who aren't in any real position to prepare for it. Supposedly around 75% of the American population lives paycheck-to-paycheck: all of those people are going to be fucked, and declining tax revenues and increasing government deficits aren't going to be able to support them unless the government chooses to try inflate away the problem through perpetual moneyprinting.

>> No.19915620

>>19903800
wtf happened from 2012-2014 that the fed was spending money? thats 4 years after the crash. i was a retarded kid but i dont remember anything significant (((happening)))

>> No.19915701

>>19906794
unironically this. my dad bought a house at 19 with cash and off his one job coming from a shit family lol. for the average person, this will never happen again in the united states.

>> No.19915709

>>19915251
Yes I was thinking about the fact that if yelds up then investors move from stock maket to bonds.. is that what you meant?

>> No.19915731
File: 219 KB, 1280x795, fuckingbased.jpg [View same] [iqdb] [saucenao] [google]
19915731

>>19904603
pol is neo-con righty-reddit ever since 2016 post-election.
inb4
>back to plebbit
t.actual oldfag

>> No.19915772

>>19915564

Stocks are about to crash in nominal terms until the Fed starts printing tens of trillions to prop them back up with YCC; then they will soar in nominal terms, but crash in real terms against the price of gold and other commodities.

>> No.19915774
File: 13 KB, 350x350, DB15F953-4073-4C05-A9C0-B9220A5BA0A1.jpg [View same] [iqdb] [saucenao] [google]
19915774

>>19903828
This didnt age well

>> No.19915784

>>19915731
terrible meme, you must be some commie shill. lol literally that is the worst trump meme ive ever seen, i bet you stole it from somebody and thought whoever made it must be a genius.

you have to go back

>> No.19915811

>>19914172
Venezuela stock market up?
One thing I don't understand from that picture... well you say ''muh inflation muh protect youself with gold''... but the fact is that at the end of the day everyone wants cash not gold. In fact since 29 the market has gone eveywhere but up. You also made a projection of post recession and you made it up..

>> No.19915865

>>19915709

Yes. But the U. S. is so heavily in debt, and the stock market and house-prices are in such an enormous bubble, that it has to suppress yields to a fraction of a percent in order to pay its deficit and prop up asset-bubbles. Which means that it is caught in a hyper-inflationary debt-trap. Fed has printed $7 trillion recently, and liquidity has been tapered to $1.5 trillion per annum, and even this is not enough to keep the system going. Stocks are already beginning to crash again. Because of lack of liquidity, they already were going to crash in early 2020. This is why the coronavirus hoax was invented, as a cover for what was already inevitable, as well as a pretext for enormous Q. E. to keep the ponzi-scheme afloat for a little longer. A "second wave" will probably also be used as the excuse for the next stock market crash that is about to occur. We can already see hints in this in the mass media. The only way out of this next stock-market crash is hyperinflation.

>> No.19915882
File: 1.26 MB, 769x1024, Sin título.png [View same] [iqdb] [saucenao] [google]
19915882

G-guys, Spanish here
I'll find a job right?
E-everything is gonna be okay right?
RIGHT?!

>> No.19915910

>>19915598
>The people who do own stocks are wealthy enough
>only be minimally affected by a market crash
it seems like a non sense
>but even those are likely diversified enough (as boomers tend to be) that the crash will be mere inconvenience.
that anon was talking about a 1929 crash-like.. in that case you can be diversified a you want but you lose
>>19915598
>The real problem is what a prolonged depression actually means for all the people who aren't in any real position to prepare for it. Supposedly around 75% of the American population lives paycheck-to-paycheck: all of those people are going to be fucked, and declining tax revenues and increasing government deficits aren't going to be able to support them unless the government chooses to try inflate away the problem through perpetual moneyprinting.
>perpetual moneyprinting
yeh you named the solution
governament prints and all debt between nations is annulled
this what happens in those cases.
Not even gold standard meme ripristinated

>> No.19915914
File: 210 KB, 2560x1440, gpty.png [View same] [iqdb] [saucenao] [google]
19915914

>>19915811

> the fact is that at the end of the day everyone wants cash not gold

Then why has gold gone from $1200 to $1780 ever since people realized, in late 2018, that the Fed lied about raising long-term interest-rates, and that it cannot allow them to go up without crashing the stock-market? Everybody knows now that America is caught in a debt trap. The dollar is done. It can only go downhill from here. There is a reason why China, Russia, Turkey, etc., have been hoarding gold since 2008. They know what is coming.

>> No.19915929

>>19915701
>unironically this. my dad bought a house at 19 with cash and off his one job coming from a shit family lol. for the average person, this will never happen again in the united states.
so what?
A population of jobless zombies?

>> No.19915966
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19915966

>>19915784
>not even addressing one
i will concede my argument that trump is not a spiritual kike, and instead of third position i will admit that the only viable position is ((((((((((neo-conservatism))))))))))) and israel is our greatest ally. if you can dismantle JUST one of those points and prove trump isn't just an anti white leftist accelerationist chaos agent. I will go full miga and join you in cheering on the elimination of europeans and diaspora whites throughout the world.

So what will it be anon? Can you even show me one example of trump being PRO white at all (post nov 2016)?

>> No.19916072

can it just crash now I don't think I can wait a whole year

then again one more year to buy BTC

>> No.19916234
File: 94 KB, 600x560, 1590005129178.png [View same] [iqdb] [saucenao] [google]
19916234

>>19915134
She secretly wants joggers to be infected. She's one of us.

>> No.19916259

>>19915966
yeah he built the wall

>> No.19916260

>>19915929
Look outside, man, they're already there.

>> No.19916266 [DELETED] 

>>19915914

>in late 2018

in late 2019*

>> No.19916355

>>19906853
yes it is retard - bretton woods system look it up. sorry you're not good with women.

>> No.19916509

What is anyone freaking out about ? Trump will just print money and everything wil go back up.

>> No.19916610

>>19916509

>Trump will just print money and everything wil go back up

In nominal terms? Yes. In real terms? No. When Trump turns the money-printer back on, which he will do just before the election, stocks will be soaring to new highs. But although you will be able to sell them for many more dollars, those dollars will buy you far fewer real goods and services. Stocks will be crashing against the price of gold, just as they did in the 70s and 80s, when gold went 25x.

>> No.19916651

>>19915473
F

>> No.19916723

>>19915865
>Stocks are already beginning to crash again. Because of lack of liquidity
lack of liquidity what do you mean sorry? whey lack of liquidity = crash?
and when inyour opinion?

>> No.19916869

>>19906794
This is from overpopulation yes but also because women are able to work the same jobs. The supply of available workers doubled so each worker gets paid half.

>> No.19916879

>>19913029
Stocks are a good inflation hedge.

>> No.19916907

>>19916879
Yes, that was proven from 1970-1980 when the stock market was booming.

>> No.19916965
File: 134 KB, 1280x685, hyperinflation1.png [View same] [iqdb] [saucenao] [google]
19916965

>>19903788
YOU have been visited by the Basedposter of accurate predictions and hyperinflation.
Portfolio recovery and cryptometal long gains will come to you.
But only if you post "Phase 3 skiddledeedee" in this thread.

>> No.19917004

>>19903788
I hope so I sold everything recently.

>> No.19917130

>>19905218
>rona spiking from riots
>congressional officers literally calling for economic collapse to prevent Trump from getting reelected
>majority of the country in crippling debt
>birth rates plummeting
>social programs failing


Many economists believed the market should have been allowed to reach equilibrium in 2008
This might not be 'big one', but make no mistake; we are kicking a nuclear bomb down the road

>> No.19917148

>>19913118
>crypto markets are overvalued
uhh sweattie

>> No.19917212

>>19916879

>>19916907 is being sarcastic. Stocks lost money in the 70s and 80s, while gold went up 25x. Stocks are a terrible hedge against inflation. They are better than keeping cash in the bank, but that's about it.

>>19916723

Liquidity essentially = a technical term for money-printing. In order to prop up asset-bubbles, the Fed prints money to buy bonds, and thus, by creating artificial demand, to drive down yields. This practice is called Quantitative Easing, or Q. E. From March onward, the Fed has printed 7 trillion to do this, which is why the stock-market has gone up so much since the March lows; but it has now tapered liquidity to $1.5 trillion per annum, so that the stock market is presently beginning to collapse.

Stocks can only go down from now on. We may get an up-day here or there, but the trajectory is down. They will only reverse course once the Fed announces Yield Curve Control, and, from that point onward, they will soar again, but only in nominal terms; since they will be crashing against the price of gold. Expect the junior silver miners (SILJ) to go 5x or 6x by early 2021.

>> No.19917257

lots of FUD in this thread. Anything positive? or has the hopium ran dry?

>> No.19917297

>>19917257
Look forward to being able to afford a cheap house in your lifetime

>> No.19917314

>>19904691
That makes a strong argument for gold anon, despite you saying it wasn’t worth it.

Look at what gold and silver could buy you relative in Venezuela a year or two back

>> No.19917337

>>19904793
Kek no answer

>> No.19917371

>>19917297
huh I guess I wasn't having a pipedream last night.

>> No.19917482

>>19916260
>Look outside, man, they're already there
in europe everyone is back to job

>> No.19917504

>>19917482
Lol no
they are talking about a V shape recovery. But truth is unemployment will skyrocket

>> No.19917548

>>19912570
What? Look at the S&P500 since it’s inception. Sure, it’s gone up since then but there were 30-40 year periods where buying ath fucking rekt you until 40 years later. Can you potentially wait 40 years from this moment before seeing another ath? I sure as fuck can’t. S&P500’s performance since the turn of the century has been unnatural as fuck and artificial so it could very well be likely we wait 2 or 3 decades before S&P500 hits 3500.

Who really knows through, money printer could go brrr for eternity

>> No.19917585

>>19912937
People are calling it the ‘everything bubble’ and there could be some merit to it

But think back to ‘08, sure in hindsight it’s fucking obvious to even normies that real estate cause it but how clear was it at the time? I mean who doesn’t pay their mortgage right?

>> No.19917586

Guys we gotta make our own currency, fuck shitcoin, gaylink, etc.

The real currency back in the day for ages 15-30(Wizards welcome) was

OSRS - Old school runescape

If we can all go back to the market place we can buy the most valued items there which was the party hats pHats, those joints used to go for $500-1000 in 2011... people use to sell there mills for $1.00 per M

We can all meet up at varrock which is the new wall street and further discuss our clan.

Then we post our stats on social media (IG, facebook, twitter) and have people coming back on runescape to buy our shit.

ADD: Carpenter6865 if you comeback im in wrld 7 right now

>> No.19917606

>>19913115
Yeah, just every central bank in the world is stacking up on it

>> No.19917672

>>19914272
Printing money is the last resort, if they could they’d raise interest rates but bond payments would get so high they’re fucked.

The US and the western world is a ticking time bomb

>> No.19917690

>>19914448
This anon gets it

>> No.19917709
File: 404 KB, 2560x1440, inflationadjusteddow.png [View same] [iqdb] [saucenao] [google]
19917709

>>19917548

If somebody bought the top in 1929, then, adjusted for inflation, he had to wait 63 years before his money consistently started going up again. The CPI, however, vastly underestimates inflation; so who knows if he ever made his money back at all.

>> No.19917745

>>19917314
>doesn’t know about economic jackals attack Venezuela

>> No.19917766

>>19908722
oh fuck more simps

>> No.19917771

>>19904592
Kys kike

>> No.19917775

>>19916965
Phase 3 skiddledeedee

>> No.19917843

>>19917709
My head was starting to hurt before I read your posts anon, thank you

How are you allocating your wealth? I’m personally still in stocks for the time being, because Jpow and the fed are crafty motherfuckers and I believe this could go on longer than any of us imagine.

Adding to my PM stack as often as I can though

>> No.19917866
File: 166 KB, 800x500, 1154FDD5-4950-4B0D-8977-95F364C55164.jpg [View same] [iqdb] [saucenao] [google]
19917866

>>19914448
>money is the root of all evil

Seek the kingdom of God. Original sin is what condemned mankind to eternal struggle and damnation. All the gold and silver in the world won’t save you. For those who have faith and are saved, Jesus will go before and make their crooked places straight. Theirs is the kingdom of salvation and glory! Repent! The time is near!

>> No.19917867
File: 172 KB, 854x480, 94FF3DDF-E248-4AF6-A98C-1E22A2DFA720.png [View same] [iqdb] [saucenao] [google]
19917867

>>19908325
> bitcoin has lower inflation than pms now
Gold has lower inflation until 2024

>> No.19917873

>>19917745
?

>> No.19917915

>>19915811
>Muh apocalypse
You know currency crises have happened before right?

>> No.19917920

>>19912693
>a bull market has 80% corrections
Yeah no. I wish you were out of jail, Ross. But this is just bullshit.

>> No.19917921

>>19917843

I'm 66% in miners and PMs, and waiting with 33% in cash so that I can buy the bottom if everything crashes down again. I believe the most likely outcome from here onward is that both PMs, miners, and stocks, will keep going down. Tapered liquidity is going to cause yields to creep up; and yields put pressure on both PMs and stocks. But the Fed won't allow that situation to keep going on; they will implement YCC before the election, which will put a floor under precious metals, and that is when we'll see junior silver miners going up 5x or 6x in a matter of months.

>> No.19917932

>>19917548
And if you want to see modern day examples of what I’m talking about just look outside of the US. Look at the Nikkei 225 and see whether that was a worthy place to put your savings from 18-65

>> No.19917958

>>19917866

Money is a store of our labour, a thing to which every man has a moral right. The Bible is not communist. It is capitalist. Gary North, an Austrian economist, made proving this fact his life's work, and wrote an enormous book about it.

"The Bible mandates free market capitalism. It is anti-socialist"

https://www.garynorth.com/public/department57.cfm

>> No.19917964

>>19917921
You have any miners in mind? Haven’t delved into that side of the equation too much even though I know they’re a more volatile version of the commodity they produce

I’m keeping a lot of powder dry right now, but a fair chunk is going into bullion

>> No.19918003
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19918003

>>19917964

You can't go wrong with the mining indices: the GDX, GDXJ, SIL, and SILJ. If you want specific recommendations, the best mid-tier silver miners are undoubtedly First Majestic, Fortuna Silver Mines, and MAG Silver Corp, all three of which are in SILJ. For reference, if you bought First Majestic in 2001, and held until 2011, you could have turned $100,000 into 15 million dollars. That sort of gain is common in a precious-metals bull market.

>> No.19918011

lol at all the people saying the Fed has spent all its ammunition.
what part of money printing do you not understand? It is COMPLETELY free for them. there's no such thing as "running out"
Jerome has said he will keep printing until at least 2021. Selling now is fucking retarded, we are going the hyperinflation route.

>> No.19918019

>>19917921
I would love to see that happen anon but the timeline feels just too right for me

As long as their QE isn’t hitting the real economy (which it isn’t due to the stock buybacks) then I can see printing continuing into the near future. We must remember the US Dollar is still by far the most powerful currency and they’ll do anything to keep it that way (look at BofA’s report on pound sterling which was released TODAY, you think maybe some of those pounds may flow into precious USD?)

>> No.19918061

>>19918003
>$100,000 into $15million
Kek that’s outrageous, I was considering scrapping my idea of pm’s in etf’s (for liquidity obviously) and going into miners completely.

What’s your opinion on vault storage? May keep some in Switzerland for a real doom and gloom scenario where it’s outlawed again

>> No.19918067

>>19918011

The Fall Of America And The US Dollar will be a nice book to read in 2022.

>> No.19918162

>>19918067
>He think people will buy his rocks when no one has any money anymore
The currency will be bullets and guns

>> No.19918174
File: 148 KB, 1302x774, romsilv.jpg [View same] [iqdb] [saucenao] [google]
19918174

>>19918011
>>19918019

Here is what I will say. Why didn't we get consumer-price inflation in 2011? Why were the gold-bugs proven wrong? Because the Fed was able to redirect the expansion of the money-supply into asset-bubbles. But that can't happen this time. The real economy has been so damaged by their policies, that real unemployment, according to John Williams of Shadowstats, is now 40%. Helicopter money is about to become commonplace simply in order to keep people alive. All that money will work its way through the real economy, and high inflation is thus unavoidable. Again, yields were still 5% in 2008, so that bonds still had some sort of desirability; but, now that they are negative, foreign investors have no reason to buy them, and the Fed is going to have to monetize the debt completely; this, again, means massive inflation in the real economy. We are talking about tens of trillions, since yields simply cannot be allowed to go beyond 1%. Now, if you highly inflate your currency to that extent, and get yourself caught in a debt-trap, it _will_ be debased. It _must_ be debased. There is no way of escaping from that utter inevitability. America can no more prop up its currency from here onward, than the Romans could their debased silver coinage. This is why Turkey, Russia, China, have been hoarding gold since 2008.

>> No.19918218

>>19918061

I store all my physical metals on GoldMoney and BullionVault. There is a meme that "If you don't hold it, you don't own it"; but that has been mistakenly transferred from ETFs (GLD, SLV), which really are a scam, to all holding of gold in vaults in general. People who held gold overseas were actually protected from the confiscation of 1933.

Miners will yield the best returns short- and medium-term, but, long-term, there is a high risk of nationalization and high taxation. The goal, then, should ultimately be to convert the profits into metals.

>> No.19918253

>>19918174
The deeper you get into the rabbit hole the scarier it truly becomes, thanks anon

Spain have recently introduced a form of UBI and I believe they’ll be the first of many. My personal opinion is with improving technology governments are aware of the fact that most of the population is no longer required to keep the economy running, so they’ll keep them sustained with a scrape of income.

I’ve gotta head off now, but nice conversing with a like-minded individual

>> No.19918267

>>19918253

Thank you for your kind words. I am glad that I was able to help in some way.

>> No.19918270

>>19903992
I feel like BTC being at 9.2k IS the low. My PPL stocks also just broke even and went negative. Investors are just waking up to the reality of the situation methinks, so prices are still at very comfy lows. As a dividend stock and crypto investor, I'd say that if you're in it for the 5+ years game, now is the time to start. Even if during a recession, gold and stocks hold less value.

>> No.19918284

>>19918218
I do intend on opening a vault soon, but having the metal physically in your hand is a great feeling anon. Buy a couple oz of silver just to fondle

>> No.19918325
File: 102 KB, 1280x720, dump-it.jpg [View same] [iqdb] [saucenao] [google]
19918325

>>19903788
crashing this market, with only short survivers.

>> No.19918333
File: 57 KB, 594x439, 672F9DC6-BEF3-4FA6-8022-F90EB8721FE8.jpg [View same] [iqdb] [saucenao] [google]
19918333

>>19905436
eth isn't 300 because it is a shitstorm of incompetence in the dev dept.

>> No.19918409

You people will never realize debt isn't bad
USD is world currency holds 95% of all transactions world wide
The illuminati decides when the collapse happens

>> No.19918443

>>19918409

If you double, triple, quadruple, the money-supply which circulates in the real economy, prices will go up by double, triple, quadruple. There is no way of escaping that economic inevitability.

>> No.19918457

Well I wanted to make a business but I am having trouble finding what buissness I really fucking want I dont even have basic knowledge because it would be a waste of my time. I dont want any thing to do with real estate or anything big. I want a small business....

>> No.19918501

>>19918174
abso-fucking-lutely and that is why people like OP who are calling to sell now and go into fiat will end up losing purchasing power, slowy but surely while they wait for "the real" crash that never comes (or if it does, at least not until end 2021). Inflation is the name of the game.

>> No.19918533

>>19918174
I'd be interested to know if roman inflation was as rampant during the Republic btw, you got any data on that?

>> No.19918589
File: 121 KB, 600x600, 1584751961020.gif [View same] [iqdb] [saucenao] [google]
19918589

>>19903788
checked
jews on suicide watch

>> No.19918611

>>19908188
>>19908548
>>19903992

Cash in civilization collapse Lmao, for real kys if
you think that. If that happens it's guns, water, food, batteries, gasoline.. and you're gonna need something shiny to get that shit.

You idiots also don't understand, the power grid will be shut off as well, no cellphones, absolute retards. Wtf good is your paper and bitcoin?

What we live in now is COMPLETELY different. There is no fucking business cycle. They won't let it happen until these boomer billionaires die the fuck off one by one. Right now all their money is being used to build the infrastructure for the 4th industrial revolution or the 4th turning. 2024 is the year. Normies been priced out lol. Normie watches Netflix and get Gov't check. They matter none.

If Trump wins it's four more years of fiat printing
If Biden wins, it's more fiat paper printing.
Do you absolute retards think the moron in the white house matters? Holy fucking kek.

By 2024 you better have stores of value for your individual sovereignty. Bitcoin, Gold, Silver, guns, ammo, peace with god. The bankers will see the wealth sucked out underneath them when we all go away from fiat, until then....brrrrrrrrrr

>> No.19918666

>>19918533

I am not an expert on the subject, but, so far as I know, inflation did not begin until the Roman Empire. The Ptolemies, however, set the precedent, who began to debase their currency from the 3rd century B. C. onward; which, by 53 B. C., had lost 90% of its value. I suppose that their degenerate fiscal policy may partly explain why Caesar could conquer them so easily.

I have always considered the Empire to be a degeneration of the Republic; and, if inflation did only begin after the Empire, the fact would not be surprising to me. It would betoken the loss of the old Roman moral virtue, in favour of greed and dishonesty.

>> No.19918723

>>19918666

(P. S., the phrase "monetary debasement" might be better than the word "inflation" in this post.)

>> No.19918769

When a currency Japan-ifies, you actually get the same effect of your currency being backed by Gold. This is effectively a return to the gold standard, except for the fact that the amount of debt and credit in the system stabilizes. There is no growth past this point, only economic contraction and currency stabilization. Gold does not increase in value during Japanification since, the currency becomes a store of value. The "current" part of currency freezes, just like Japan did since 1995.

The USD becomes gold, and really at this point, there's no point in buying the yellow metal. The dollar will just loosely track it as growth dies. Debts will continue to rise to a point where the tax receipts cover for the interest on the debt. Taxation will increase to a point where the amount of cash in the system does not grow or shrink, effectively turning the currency into this mystical store of value.

Yes, this is all done with green pieces of paper.

The gold bugs are just selling you their yellow rocks, because they realize they could be holding something more liquid, such as the US dollar.

Still it would be nice to own a pet rock in case no one wants the dollar anymore. Let me know when that happens.

>> No.19918773

>>19903800
you thought brrrr was a meme? oh no, it's the sound of an impending apocalyptic catalyst. screenshot if you will... but Trump's looking for any excuse to go to war.

>> No.19918795

Regardless of inflation or deflation, farmland is a good hedge against social unrest, regardless of whether or not we have an inflationary or deflationary economic crisis.

>> No.19918802

>>19903788
You gotta be brain dead if you’re betting against america

>> No.19918849

>>19918769
Literally rope yourself you Keynesian fucking faggot

>> No.19918855

Also, depending on the outcome of the election, the government may either pick inflationary collapse or deflationary collapse. Trump wants the latter, basically a "gilded depression" where the price of everything moons and debts basically get destroyed. This is very bad for banks since their assets (loans) become worthless when asset prices inflate. The deflationary kind is good for banks since they can call all their loans and basically steal everyones property. They'll make up some story or excuse for the banking collapse but it all depends on whether they move the Fed Funds rate up or down.

>> No.19918893

>>19918849
Ok. Let me know when the debt collector comes by. I'll buy your bags of gold for $500/oz then.

>> No.19918913

>>19918769

>the currency becomes a store of value.

This is precisely what money ought to be. The effect of fiat money has been incalculable wastefulness, tyranny, and bloodshed.

https://www.youtube.com/watch?v=hx16a72j__8

https://www.youtube.com/watch?v=RvL_Dm2d99A

You are wrong, however, to pretend that gold causes stagnation; since our greatest period of technological innovation took place under the gold standard. Japan is stagnant precisely because it clings to fiat money and Keynesianism so closely. It keeps printing and printing, doing Q. E., buying stocks, bailing people out, desperately trying to prop up its asset-bubbles and useless companies; you could not do what they have been doing under a gold standard. A truly capitalist society would let the poison of mal-investment leave the body of its economy. But Japan only keeps making the problem worse and worse. By citing the example of Japan, you are proving directly the opposite of what you wish to prove. Japan is a quintessential case-in-point that Keynesianism does not work. It has failed there for thirty years. If Japan did not have the rest of the world to trade with, and thus keep it barely surviving, it would have collapsed long ago. When America collapses, there will no America to be for America what America is for Japan.

>> No.19918957
File: 48 KB, 890x471, russia.jpg [View same] [iqdb] [saucenao] [google]
19918957

>>19918769

>Still it would be nice to own a pet rock in case no one wants the dollar anymore. Let me know when that happens.

>> No.19919024

>>19918913

Stagnation is the intended effect of future monetary policy. Keynesianism is intended to "fail indefinitely", that is its ultimate goal. By having the government borrow massive amounts of money, you force the entire population to pay taxes and to be stuck in this monetary system.

Keynesianism's main goal is full employment. Full employment cannot be achieved without wealth inequality. It's supposed to throw people out of the rent seeking business and into wageslavery.

Real economic growth (as an outcome to your wageslavery) is what they try to measure to see if the monetary policy (whip) is having its intended effect. This is why they care about spending so much.

>> No.19919044

>>19918957
Don't worry, you can accumulate all the gold you want. You will lose it all when the world's largest debt collector comes knocking on your door for not holding onto their "treasuries".

>> No.19919072

>>19903788
My parents are going to go broke and die of covid leaving me without a home and I've never been more comfy.

>> No.19919133

>>19918913
Based af

>> No.19919149

>>19919044

See >>19918174. America can't possibly fight the world in order to force them to take its worthless paper. If you can't pay your army, then, like the Romans, your civilization must collapse. America has no real wealth, no manufacturing; it is a mere nation of consumers. It is a house of cards on the verge of balkanization and collapse. Russia and China cannot be treated so lightly as Gaddafi with his gold dinar, or Saddam with his oil for euros. When the rest of the world does away with the dollar, the dollar is finished; and, when the dollar is finished, America is finished.

>> No.19919153

>>19903788
>MARKET GONNA CRASH LIKE NEVER EVER SEEN BEFORE
Again? You retards predict this every week.

>> No.19919196

>>19919153
this, biz is a bunch doomers

>> No.19919277

>>19919153
they been doing this for like 5 years straight. reminds me of the schizos on /x/. if you're not a newfag you'd know to ignore them, you'll also start to notice who certain posters are even if anonymous.

>> No.19919479

>>19919277
u really think papa trump's not gunna let us crash? what happens if by some miracle he doesn't win the election?

>> No.19919516
File: 3.60 MB, 531x354, 1558555918751.gif [View same] [iqdb] [saucenao] [google]
19919516

>>19906917
This is one of the dumbest posts I have ever seen.

>> No.19920875

>>19919153
True, but a global pandemic and the printing of trillions of dollars doesn't happen every week

>> No.19920883

>>19915882
Con el presidente y coletas que tenemos España lo va a pasar bastante mal... pero sin ninguna duda mejor que los judíos americanos

>>19916355
>bretton wood system dictated wages
fuck off commie without a clue of economy

>> No.19920927

>>19919149
>America has no real wealth
Absolutely delusional, holy shit.

>> No.19921193

>>19920927

To quote a prophet whose time has come, America is a "weak, debt-financed, low-wage, service-sector economy." You limp on by printing worthless paper, and buying real wealth with it while the world still accords you that "exorbitant privilege"; a privilege which you attained by fraud. Take it away, and you have nothing, as you are soon about to discover.

>> No.19921513

>>19921193
I don't think you realize how big american blue chips are. Especially tech and entertainment.

>> No.19922198

>>19914360
I can smell your 101 IQ from here. Global IQ is going down, not just because a ton of room temperature African people are being added to the calculation, but because even among the white population, IQ has been decreasing since the industrial revolution. This is not even a debate at this point among psychometricians. I encourage you to read 'At Our Wits End' for a detailed discussion on this. More than a frank conversation on race, we need to have one on intelligence and selection pressures, which is something your average /pol/ack isn't going to like.

The future is a pretty severe die-back of the population. We're entering an era of less.

>> No.19922452
File: 9 KB, 260x194, Remember what they took from you2.jpg [View same] [iqdb] [saucenao] [google]
19922452

>>19916965
Phase 3 skiddledeedee

I just want another corona check so I can spend it on PMs

>> No.19922510

>>19921193
>said the seething third worlder on the American website, most likely using a computer with parts designed by American engineers at an American company and an operating system programmed by Americans working for American company

>> No.19922724
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19922724

>>19916965
Phase 3 skiddledeedee

>> No.19922876

>>19906794
That's because of neoliberal outsourcing of jobs to lower paid workers in order to continue pumping an ever falling rate of profit

>> No.19922928

>>19919072
You must hold link. Based

>> No.19922974
File: 96 KB, 1200x1200, ted.jpg [View same] [iqdb] [saucenao] [google]
19922974

>>19922198
>which is something your average /pol/ack isn't going to like.
But /pol/ is one of the only places in the world you'll find people regularly praising the man who wrote about how bad the Industrial Revolution has been for mankind and actually tried to do something about it.

>> No.19922980

>>19903992
Honest to god this seems bullish for RSR. They rolled out the beta app into Venezuela to test it. Soon we'll all be Venezuelans. Am I missing something?

>> No.19923215
File: 42 KB, 1016x573, received_10156070075134197.jpg [View same] [iqdb] [saucenao] [google]
19923215

>>19919149
This 'git tuff on China' neocon shit is the funniest farce to watch unfold
6 months ago Iran, meager regional power, BTFO US bases in Iraq with guided missles and.... nothing. It's hard imagining this not leading to war in any post USSR point in history without a devastating or at least proportional US response.
We now live in a world of new warfare. Wars fought with guided missles, drones, hypersonic weapons, EWS, etc. The age of prancing around the world in decked out aircraft carriers is over. If the US tried to do anything against the PRC in the South China Sea using conventional tactics, it would end about as well as the French riding against the English longbows at Agincourt. Now even a small regional power like Iran can stand up to US aggression. We better think twice before committing to anything as asinine as provoking China in their back yard. They would love nothing more than to make themselves appear as the victim in the world stage, and furthermore it just flat out wouldn't work. They've had decades since the days of the People's Volunteer Army in Korea to prepare for this.

>> No.19923366

>>19903788
Imagine being ameripoor lmao

>> No.19923385

>>19903788
shitcoins will go near zero, only bitcoin will survive

>> No.19923426
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19923426

>>19918913
>SHINY ROCK IS THE CAUSE OF PICKING THE LOW HANGING FRUITS OF INDUSTRIALIZATION
>PLEASE IGNORE THE FIVE THOUSAND YEARS OF FEUDAL STAGNATION DURING WHICH SHINY ROCK WAS PRESENT

This might be the lowest IQ post I've seen on /biz/ in years

>> No.19923562

I like this thread, please tell me what happens when the fed introduces yield curve control

>> No.19923602

give me one reason to read any of your dumb idiot posts

there is no answer to this question because if there was experts would know

>> No.19923710

>>19918218
Goldbugs in biz aren’t going to be a target of gold confiscation, they don’t hold enough of it and with the police defunded there is no way to enforce the confiscation door to door. The gov will go for the vaults/ETFs/miners/dealers.

>> No.19923756
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19923756

>>19916965
Phase 3 skiddledeedee

>> No.19924176

>>19906853
Shut the fuck up you fucking dumbass, retards like you are part of the problem

>> No.19924207

>>19908471
Based

>> No.19924247
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19924247

>>19908471
Based

>> No.19924285
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19924285

>>19923215
Go home Xi, you're drunk and your country is going to starve. The Chinese don't have a blue water navy, but the Japanese do. The Chinese can't operate outside the first island chain to secure their oil shipments. The Chinese are literally one instance of global ill-will away from the largest famine in human history, because you have the same amount of arable land as the US, but 3x the mouths to feed, and you require 5x the chemical inputs to reach US productivity. All while paving over and polluting your precious farmland.

>MuH hYpErSaNiC mIsSiLeS
An absolute meme. My favorite leaked cable of last year was the one between the Chinese and Russian missile devs, where the Russians asked 'how did you solve the plasma sheath problem?', and the Chinese say 'what plasma problem?'. Chinese innovation is an oxymoron. China has already burned its bridges, and is increasingly whipping its population into a nationalist rage against the rest of the world in a hail-mary play to get them to blame the world rather than the CCP for what's about to happen. Xi went to Trump with hat in hand, and begged for an off-ramp to the coming collapse they both knew was coming, got it, then immediately let a BSL4 lab spill its spaghetti all over the place while allowing international travel, to keep a competitive edge for his country. Your dipshit government is going to invade Taiwan in a rally round the flag attempt, get embargoed (because all your neighbors with food hate you), and we will live stream the cannibalism games in Beijing.

>> No.19924321

>>19923426
The developed world was on some form of a bimetallic standard, or currency redeemable in a pegged weight of gold until AD 1971. I'm not sure why you'd consider everything before that year as stagnation, and the last 50 years as utopian paradise. The only limit a gold standard imposes is one of government binge spending.

Then again, the species has been getting dumber since the onset of the industrial revolution, so I see how you'd not understand this.

>> No.19924352

>>19908471

these guys showing 200 btc wallets in 2016 damn daniel.

>> No.19924465

>>19924352
And all the comments saying " You didn't sell at 1k, kys"

Just 4 years ago

>> No.19924479

>>19921193
Uh your armchair analysis needs figures. Do you know how large the American economy is?
>no value
>privilege obtained by fraud
You sound like a borderline conspiracy theorist

>> No.19924506

I’m excited.

>> No.19925528

bump

>> No.19925963

>>19917921
What broker do you recommend for buying gold? Or do you go for the hands on actual gold?

>> No.19926017

>>19918253
UBI is a noose.

>> No.19926028

>>19918270
During a recession there are deflationary pressures due to increased savings, but PMs retain more value due to uncertainty.

>> No.19926095

>>19903788
Those who do not know history...
https://m.youtube.com/watch?v=n_JahIpwCXs

>> No.19926104

>>19926017
I get your way of thinking, but problem is this plane is crashing and we have no alternatives.
Not saying UBI is anything good but with automation and technology we are living in a world were there is no work for everybody.
and the game, as rigged as it may be, works this way: I work for money and I buy stuff with that money. if I can't work I can't get money and therefore I will die or comit crime.
I'm open to alternatives but the problem is there are none. Communism is not an option, pumping money into inflated markets neither. Shit is going down. those who have tho money won't release it even if it means the end of their game.
and here we are,

>> No.19926155

>>19926104
The option isn't job or suicide/crime, though it may be for most people. The third way is to innovate and create businesses/industries unable or unserviced by automation.

UBI is a noose, imo, because obviously it's just mass welfare and is simply more inflation to keep people docile while (((they))) figure out what to do next. The control of one's destiny given up for UBI, especially for those born into it who don't know better, will result in mass degeneracy and unspeakable atrocities in an effort to cull to herd to more manageable levels. Expect infertility to rise, more pushing the gay agenda, euthanasia, and voluntary sterilizations for extra gibs.

>> No.19926234

>>19926155
>The third way is to innovate and create businesses/industries unable or unserviced by automation.
If it is something on the first, second sector, it will be automated.
if it's something on the third sector, who's gonna buy your stuff if nobody is earning money? do you expect the whole society becoming enterpreneur? everyone having an original and unique idea? having the means to develop it?
>Expect infertility to rise
Already happening. no one will have a kid if they can't keep themselves. unless they are careless niggers living on gibs
>more pushing the gay agenda
Probably not. Corona fucked the globo homo and I don't think people will care about LGTB and climate when they lose their jobs, cars and houses.
>euthanasia
Nice. Living with pain just because "god wants it this way" is pure bullshit.
Medicine has it's bounduaries. once you have reached them, I don't see why is bad to give someone a decent and painless death.
>and voluntary sterilizations for extra gibs.
way too much sci-fi here

>> No.19926345

>>19926234
Of course most people won't/can't be able to innovate and will have to take the dole. The problem with the dole is that now they are literally dependent on the government to exist, as such politicians and economists control the outcomes of the average citizen's life. Literal communism, and all the atrocities that go along with it.

In order to eliminate all these deficit makers, the defertilization of society has to happen, hence all the anti-family, pro-death propaganda, which has been pushed for the last 50 years already. Get rid of old people. Make young people infertile. Cull the herd.

>> No.19926375
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19926375

>>19916965
Phase 3 skiddledeedee

>> No.19926409
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19926409

So do you recommend selling my stocks that i have bough in late March right now?

>> No.19926456
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19926456

>>19916965
Phase 3 skiddledeedee

>> No.19926501

>>19926345
you are already dependent on the goberment to exist.
you live somewhere with roads, laws, healthcare, money... you aren't living for yourself in an anarchist commune
>bla bla death cult
dude, it's easier than that. the game is rigged, it does not work and we are reaching the end of it, and there are no alternatives.
I don't like UBI because it's a way to keep the blood of the beast circulating instead of making a change. Communism is not coming back, it already failed. communism fearmongering is an 80's thing, you can stop already

>> No.19927580

>>19903788
bears gotta bear it's their job.. in reality there is no doomery in program.. fed prints money inflates and you' ll notice that only in 30 years
but at that time UBI comes

>> No.19928169
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19928169

>>19910355
It means BTC is going to $1,000,000 (but before it must crash and make newfags commit suicide and kill all alts)

>> No.19928188
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19928188

>>19908242
>build real state
>get it destroyed by chimps
>buy gold
>get it confiscated on every airpot
oh boy

>> No.19928287
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19928287

>>19908471

>> No.19928647

>>19908413
Gold standard for USD will NEVER happen in the future. What in the absolute fuck are you saying that in another 40 years we'll be backed by gold again. Gold was $35 an ounce back then, and it's over $1750 right now, that's a 50x increase. The government is NOWHERE NEAR having any semblance of gold required to back the USD because that price right there is the "real" inflation figure. Not some bullshit made up by the FED.

>> No.19928699

>>19908562
Paid actor.