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/biz/ - Business & Finance

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23749889 No.23749889 [Reply] [Original]

Biden is proposing $1000 per month corona checks for the next six months as the country fights the virus.

What effect will this have in the market and economy in general?

>> No.23749902

Can someone explain why amerimutts are able to print money nonstop without negative consequences?

>> No.23749916

>>23749902
The US dollar is the world currency

>> No.23749917

>>23749902
Because poor third world countries are paying for it.

>> No.23749924

>>23749902
There are negative consequences. The kiked-out system just takes your wealth slowly so you don't notice as badly.

>>23749889
If that happens, every single one is going straight into crypto

>> No.23749942

>>23749902
Our main exports are Hollywood and inflation and they both payed pretty lucratively the last 40 years....but don’t worry we’ve only got another 30 years left.

>> No.23749986

>>23749889

colossal deflation of the dollar, free oil, death of green energy forever, million dollar satoshis

>>23749916
was

>> No.23749992

>>23749889
I am often in NYC, going to stay there for a while soon again, 1000 a month is not nearly enough imo, life too expensive over there.

>> No.23750012

>>23749889
fuck yes papa joe give me some fucking neet bux

>> No.23750072

>>23749889
haahahah take that, Yang

>> No.23750073

>>23749902
PAX Americana, dollar standard

>> No.23750084

Reinvesting every fucking dollar if true.

>> No.23750105

>>23749992
Then leave.

>> No.23750119

Where is the proof of this proposal?? NEET here interested to know if tru

>> No.23750132

>>23749889
WTF I love Biden now!

>> No.23750144

>>23749889
that’s like 18 trillion dollars

>> No.23750153

>>23749902
because other countries continue to accept it lol

>> No.23750161

>>23750144
checked
buybuybuybuybuybuybuybuybuybuybuybuybuy

>> No.23750165

>>23750144
Hmm indeed, seems we might need to flip the table after completely destroying the currency, maybe we can call it The Great Reset

>> No.23750170

>>23749917
Don't worry though if you're 3rd world, this is longterm bullish for you and you'll probably get to witness a flippening from relative safety.

>> No.23750173

>>23749889
Inflation, so stuff like bitcoin and metals will be more valuable. You can see it now with bitcoin almost 16k. It will most likely reach ATH by the end of this year.

>> No.23750174

>>23749889
Good. I'll put it into DIA just like I did last time. Kek. Free oracle gibs? Yes plz.

>> No.23750177

So, Biden is proposing to play right into China’s hand? This is fucking retarded. 99,9% chance of survival and you want to shut down everything for months. I can’t even imagine the long-term damage this will have in America.

>> No.23750180

>>23749889
I'm a foreigner, How do I defraud the US to receive that money?

>> No.23750190

Did none of you take civics? The power of the purse is exclusively that of Congress. If the GOP holds the Senate you're not going to get anything unless you're a defense contractor or multinational corporation.

>> No.23750191

>>23750177
>I can’t even imagine the long-term damage this will have in America.

Just as planned goyim, now come take your vaccine

>> No.23750201

>>23749916
Was; China's the future now.

>> No.23750205

>>23749902
not even the top economists know right now
literally feels like a meme but thats the world right now

>> No.23750248

>>23749902
>>23749917
>Because poor third world countries are paying for it.

This is unironically the answer. Money is fleeing "emerging markets" and the Eurozone into US bonds and USD, and the Fed is having to brr the money printer just to keep deflation at bay

>> No.23750261

>>23750144
More like 2 trillion. NBD really, it would be nice to see some money going straight to the people.

>> No.23750282

>>23750201
Delusional. Nobody gives a shit about ting ying or whatever the fuck their currency is called. Nobody ever will either, because it’s the same as every piece of shit that comes out of China, cheap and unreliable.

>save in gook money
>its value goes up, down, and around depending on what the chang govt wants

>> No.23750296

>>23749889
OOTM 2023 calls on silver or silver miners

>> No.23750306

>>23750201
I honestly think when china's digital yuan is released next year the us dollar could topple

>> No.23750318

>>23750282
facts, they are on watch globally for purposely devaluing their currency. xi chingping and his poohbux arent getting adopted anywhere

>> No.23750328

>>23749889
>massive inflation
>bitcoin pumps against the failing dollar
Just put every check into bitcoin/link and you'll be good

>> No.23750333

Finally, gibs me dat

>> No.23750355

>>23750306
you should be a comedian

>> No.23750381

>>23750190
This.
Mcturtle isnt going to let any of the covid relief packages through.
Look it up, he has been blocking them for months now.

>> No.23750437

penga culo

>> No.23750508

>>23749889
I WILL cum so HARD

>> No.23750518

>>23749889
wtf, I love biden now

>> No.23750532
File: 36 KB, 500x500, 1597452440093.jpg [View same] [iqdb] [saucenao] [google]
23750532

>>23749902
just try switching to any other system

>> No.23750566

>>23749889
Good for aggregate demand. Anything that's consumer Staples and some discretionaries should be good like groceries or house improvements. People will probably pay off some debt. And delay big ticket purchases until the situation becomes more clear. Christmas season might be a lot better than expected too

>> No.23750876

>>23749992
You’ll make too much to qualify, this is for the “underprivileged.” Crypto is the only way to get ahead moving forward. Everything else can be taken.

>> No.23750923

>>23749889
Remember when Max, said that BTC will have a meteoric rise under Biden. This is why.

>> No.23750946

>>23750248
This

>> No.23750974

Now I hope he wins even tho I bet on trump but hedged Biden when he went +200. I need my neetbux again I don't wanna fucking wageslave kek.

>> No.23751040

>>23749902
petrodollar
everyone pays for middle eastern petroleum with USD. consequently, there is a lot of demand for it, no matter the price.

>> No.23751062

>>23749889
If you don't stack gold or silver, this is your chance right here. The USD is the biggest shitcoin and the entire country is getting rugged sooner rather than later.

>> No.23751084

>>23750381
Turtle man is going to just make the first two years a constant ball busting festival for dems

>> No.23751124

>>23749916

Basically this. But it also means the second another currency starts to take it's place the house of cards will come crashing down fast.

It's why ameritards should actually be scared of crypto.

>> No.23751353

>>23749889
>1000 a month more gold and bitcoin
sure i'll take it

>> No.23751402

>>23749916
topfuckingkek, enjoy it while it lasts haha

>> No.23751434

>>23751040
This plus other countries hold dollar reserves so you're inflating their supply while us wages go up.

>> No.23751508
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23751508

>>23749889

>> No.23751550

>>23749902
>without consequences
The next generations have been sold out to the zog by a bunch if imbeciles who want gibbs for "muh weed" or "muh stuff". If you are reading this in the wayback machine, remember dear descendants I did not sell you out for shekels

>> No.23751556

>>23749916
Was, world won't tolerate this bullshit for gibs.
It's one thing to finance the pax Americana, another to duplicate the monetary base every 6 months to do gibs.