/biz/ - Business & Finance

[Anonymous No.25715094]

When this Tether case is shown to be a gigantic nothingburger, when Jan 15 passes and absolutely nothing happens, will you Tether conspiracy theorists finally shut the fuck up and stop spamming our board with your retarded FUD?

no, of course not. You'll just move the goalposts and rewrite your conspiracy to fit the new reality like the Qanon fuckbrains you are.

stay poor, Q-tether faggots

[Anonymous No.25715162]

newfags stop replying to these faggot tether fud threads

[Anonymous No.25715297]

gotta wonder how much crypto will pump once Jan 15 passes and nothing happens with Tether. what will their new narrative be?

[Anonymous No.25715415]

>>25715094
15 january is a nothingburger and will result in a pump, however tether fud is not fud and will destroy crypto in the near future when the bomb explodes

[Anonymous No.25715518]

>>25715415
thanks for the head's up Q. We'll keep trusting the plan

[Anonymous No.25715740]

>>25715094
Its really fucking funny how all biz tards are more than happy to shit on the federal reserve while coping really hard to make the central bank of BTC seem legit and totally not a fraud because of cognitive dissonance.
>inb4 its only a small percentage of market cap
check the volume retards.

[Anonymous No.25715852]

>>25715740
and circling a number proves... what exactly?

okay, Tether has a lot of exchange volume. how does that prove tether is a scam?

[Anonymous No.25716113]

>>25715852
Its a scam because tether operates on the exact same principals of central banking, which has been the leading cause of our economy being raped through manipulation. End of the day, tether is the metaphysical opposite of what BTC is supposed to be, which is a DECENTRALIZED store of value. Right now that's not true because of how much this market is propped up by reckless printing. Its bound to clash with the nature of crypto, if it doesn't happen now it will later, and the more this is postponed with printing the harder the crash will be. Just like what's gonna happen this year when sleepy joe finally destroys the USD with trillions of stimulus money straight from the FED its self. Don't say you haven't been warned, even if this lawsuit leads to nothing, because from a technical perspective, they're basically insolvent.

[Anonymous No.25716230]

>>25715852
>>25716113
the high volume is relevant because once people realize tether is insolvent there will be a race to cash out, and with so much of cryptos volume being propped up by tether, well its gonna lead to a huge dump the likes of which crypto hasn't ever seen. But its necessary that this shit dies so that btc prevails as the peoples currency which BTFO's globalist central bankers forever into oblivion.

[Anonymous No.25716240]

>>25716113
Tether fudders watched too many episodes of the X-Files or listened to too much Alex Jones or some shit. they don't know anything but they act like they have it all figured out.

can I ask how you know so much about Tether and their solvency? Do you work in the industry?

[Anonymous No.25716311]

>>25716113
bitcoin can’t stop tether (or the fedl from printing money. when tether implodes the only people who will get rekt are the ones who hold tether and the ones who panic sell. (and degenerate margin traders)

[Anonymous No.25716399]

I'm not worried about the tether FUD itself, in terms of fundamentals. But I am worried that a bunch of dunning-kruger midwits are all going to panic sell on the 14th to "get ahead of the news" and collapse the market anyway.

Either way it'll only be a correction at most

[Anonymous No.25716470]

>>25716240
Ya my dad is the CEO of tether and he told me its basically insolvent. Eat my ass. Before posting on /biz/ make sure to actually know something about money printing and economics in general. You seem to be clinically retarded.

[Anonymous No.25716584]

>>25716311
BTC will always live on. Its tether that needs to die and wipe out the boomer bankers, but there's going to be a massive correction because of it.

[Anonymous No.25716736]

>>25716399
doubt they can do much. the tether fudders are all low iq alex jones listener types who likely don't have enough btc collectively to move the market much. many are probably nocoiners who are hoping for tether to crash btc out of spite

[Anonymous No.25716803]

>>25716470
which university is your degree in economics from? just because you read some Ron Paul newsletter about how the national debt is going to destroy america doesn't mean you're an expert in economics.

[Anonymous No.25716805]

you buttcones are gonna need some maxipads when you realize you all got complacent and were willfully blind to the evidence

[Anonymous No.25716854]

>>25716805

[Anonymous No.25716885]

>>25716736
I hope it's true so that there's at least a correction and I can get a sweet deal on BTC

[Anonymous No.25717051]

>>25716885
correction was today. Price dropped from 41500 to less then 38000. why didn't you buy?

[Anonymous No.25717112]

>>25716736
your throwing lots of ad homs for a self proclaimed rational retard. I want you to tell me what's objectively good about infinite money printing that isn't backed by real assets 1 to 1. BTW the wealth disparity of btc is so much worse than fiat that I doubt you could even influence a girl to get laid with you let alone any real price action in crypto. So we're both in the same boat retard.

>>25716803
I got a degree in BTFO'ing autists on mongolian basket weaving forums and rand paul is a personal friend. You better get some austrian economics in there too. Top it off with Edward G Griffins supreme wisdom, and the blatantly obvious market manipulation in traditional asset classes that a fucking three year old can see. BTC is propped up in the same way and anybody worth something knows that.

[Anonymous No.25717150]

>>25716736
Stop besmirching the good name of Alex Jones.
https://www.youtube.com/watch?v=FvJEOxWpTfw

[Anonymous No.25717414]

>>25717112
>anybody worth something knows that
no facts just, no arguments, just proof by assertion. you're whole spiel can be summarized as "i just know". well sorry I'm not as enlightened as you are that I don't know what's obvious to everyone who is worth something

more certain than ever you're a big alex jones fan

[Anonymous No.25717521]

>>25717414
>entire texts are facts and arguments
>you greentext the final part out of context

more certain than ever you have eyes and cannot see

[Anonymous No.25717700]

>>25717414
please refer to this part of my post
>I want you to tell me what's objectively good about infinite money printing that isn't backed by real assets 1 to 1
I think I put up a pretty good argument against reckless money printing, but it seems you haven't said anything of substance. IF the tether FUD is untrue that implicitly means reckless money printing is fine. SO justify that. And yes I love Alex Jones.

[Anonymous No.25717772]

>>25716113
>>25716230
>>25717112
Hey anon, can you redpill me on your pov of this whole tether situation, i have been doing research for a couple hours now and trying to connect the dots, from what I can tell you might be one of the few people on biz I have come across that seems to get it. Can you redpill me?

[Anonymous No.25717907]

>>25717700
Is what your saying basically this?
>tether is artificially deflating the price of bitcoin and when this stops because of the lawsuit, bitcoin will go through inflation, which dumps the price

>similar to how the FED prints money backed by nothing to temporarily halt an economic crash because of inflation?

[Anonymous No.25717968]

>>25717700
you tell me what's so bad about it. We've been doing it for decades and yet the economy hasn't collapsed like the Ron Paulites have predicted for decades. Civilization keeps driving forward at an ever accelerating rate. at some point you've gotta admit you were just wrong

with regards to Tether how do you know for a fact tether isn't backed? you don't know shit. You looked at a screenshot of a court document that someone highlighted for you and thought you cracked the case.

you call it "blatantly obvious" market manipulation. It's not obvious to me. how do we know the market is being "manipulated" if it's so "obvious"? if it's so obvious you think there'd be some hard evidence that proves it in a way even I could understand. Give me something, anything!

>And yes I love Alex Jones
why am i not surprised.
This thread has me more convinced than ever that tether fudders are the lowest of the low and that anything they say can safely be ignored

[Anonymous No.25718006]

>>25717772
>trying to connect the dots
here maybe this will help

[Anonymous No.25718336]

>>25717772
The essence of tether FUD is that its a stable coin that functions in the same the federal reserve does. It mints tokens out of thin air, and promises users who buy it that it will always have some value (like the gov IOU of fiat) in this case it will always be equal to 1 dollar based on their asset reserves. In the early days of tether it was fine, because they literally had 1 dollar for every tether token that was minted. This sparked a lot of new positive sentiment for crypto at the time because people now had a way to keep their crypto safe from its natural volatility. BUT as more and more people FOMO'd in to tether no longer had the real assets to back 1 tether token to 1 US dollar, and now they have to use financial fuckery to make it "seem" like 1 tether is 1 US dollar (they literally admit this). Kinda like how the federal reserve prints money out of thin air and asserts that its valuable with financial fuckery (but that leads to inflation fuckery (inb4 its only 2% because of muh CPI, thats also manipulated)). Except doing that causes market distortions. In austrian economics theres this principal that if the money supply grows (in this case tethers fake tokens) with no correlated technological improvement (or value), then it will HAVE to correct (downwards). I dont know if I did it justice but thats the general jist. If you want more info watch The Creature From Jekyll Island by Edward G Griffin on youtube. You'll get a better idea of what Im trying to autistically ramble about.

[Anonymous No.25718515]

>>25718336
No, I’m following you, everything you just wrote makes perfect sense and I am on the same page. I also looked at Edward Griffin on Wikipedia after you mentioned him earlier, thanks so much for talking to me.

[Anonymous No.25718644]

>>25717968
>>25717968
You do realize that interest rates are at a 4000 year low right? This charade of money printing has been the best scam ever done in the history of humanity. The only people who benefit from flooding the economy with 0% interest loans given by the FED are the corporate elite that use it to buy back their stock. HOW THE FUCK did the S&P 500 reach all time highs during A WORLD WIDE FUCKING PANDEMIC? Because of stock buy backs, funded by reckless money printing. There has been no real economic growth to justify any of the bullish sentiment that is going on in the traditional asset classes. And the fact that crypto is a small baby compared to those markets means that when those things go tumbling down, crypto will go down with it, (a few points of movement in the S&P 500 is devasting for crypto (member march?)). BUT AT LEAST the printing is done by the government, not some shady company that has 0 incentive to hold true their promise of 1 tether = 1 US dollar when a "tether run" occurs. The fact "nothing has happened for decades hurr durr" should actually scare you because the longer this charade goes on the harder the collapse will be. And it will be glorious.

Tether is a little bitch compared to what the central banks are and precisely for that reason they will fail.

also, THE USA IS THE ONLY FIRST WORLD COUNTRY WITH NO NEGATIVE INTEREST RATE BONDS. If that doesnt make wake you up then you deserve to lose all your money.

[Anonymous No.25718711]

>>25715094
>a RICO case
>its nothing bros dont sell

Lol

[Anonymous No.25718819]

>>25718644
>You do realize that interest rates are at a 4000 year low right
yes.... AND???

>HOW THE FUCK did the S&P 500 reach all time highs during A WORLD WIDE FUCKING PANDEMIC?
i dunno. maybe cuz profits of large corporations (you know, the ones in the S&P) have soared over the past year?

>There has been no real economic growth to justify any of the bullish sentiment that is going on in the traditional asset classes
earnings data and GDP figures say otherwise

>when those things go tumbling down, crypto will go down with it
good thing those other things aren't going down

>And it will be glorious
you are a piece of shit if you're hoping for the collapse of civilization or think that would be "glorious". like literal human trash. go kill yourself and make the world a better place

[Anonymous No.25719133]

[Anonymous No.25719338]

>>25718819
>yes.... AND???
no way interest can be that low without blatant manipulation

>i dunno. maybe cuz profits of large corporations (you know, the ones in the S&P) have soared over the past year?
They didnt. It was stock buy backs you mong.

>earnings data and GDP figures say otherwise
GDP is keynesian money magic that makes you believe the worth of 1000 dollars of nails are equal to the worth of 1000 dollars of tractors. (absolute lunacy)

>good thing those other things aren't going down
you'll be in for a surprise my dude.

>you are a piece of shit if you're hoping for the collapse of civilization or think that would be "glorious". like literal human trash. go kill yourself and make the world a better place
You do realize an economic collapse will be the best thing that will happen for the middle class right? For starters, housing can actually become affordable which is the biggest problem facing new generations. There will also be a actual opportunities for the little guys to generate genuine wealth that isnt FUCKING STOCK BUY BACKS, because now they can actually invest (assuming they held on to gold, silver, crypto and not filthy fiat). The people that lose during a crash like this are the central banking elite, the capitalist boomer cronies who suck of their teets, and wellfare queens who dont see whats coming.

[Anonymous No.25719483]

>>25718819
>first greentext
refuses to acknowledge this

>second greentext
https://money.usnews.com/investing/stock-market-news/slideshows/s-p-500-companies-with-stock-buybacks?slide=5
obviously the profits soured because of the buybacks

>third greentext
post sauce on your claim

>fourth greentext
they will go down thats the whole reason stimulus checks exist, thats the whole reason unemployment has skyrocketed recently, thats why 60% of business closures do to the pandemic are permanent

>fifth greentext
the reply of an urbanite consoomer

[Anonymous No.25719525]

>>25719338
okay well I don't know what else to say. thanks for confirming my belief that tether fudders are conspiracy lunatic Qtards. unless you're just larping in which case nice job, very convincing

[Anonymous No.25719604]

>>25719483
Absolutely Undoubtedly Based

[Anonymous No.25719608]

>>25719525
>post picture of "lunatic" saying UFO's are real
>year 2020 and half of reddit is cooming over government saying UFO's are real

[Anonymous No.25719641]

>>25719604
based anon

[Anonymous No.25719684]

>>25719641
>>25719604
based info warrior*

[Anonymous No.25719699]

>>25718819
Not the other poster, but I somewhat agree with his thoughts... Let me take a stab at this

>>You do realize that interest rates are at a 4000 year low right
>yes.... AND???
Interest rates are like gravity to assets... What happens when you have negative gravity around the world?... Nobody is really sure, but it does seem a little foolish to assume everything will be alright just because.

>>HOW THE FUCK did the S&P 500 reach all time highs during A WORLD WIDE FUCKING PANDEMIC?
>i dunno. maybe cuz profits of large corporations (you know, the ones in the S&P) have soared over the past year?
You're maybe not incorrect, but your logic is off. If you look at the Price to earnings ratio we're at levels that haven't really been seen since the 2008 collapse or the 2001 collapse. This means the price of the S&P has risen MUCH faster than the actual earnings of the companies inside the S&P.... A higher P/E ratio means either P went up, or E earnings went down..

>>There has been no real economic growth to justify any of the bullish sentiment that is going on in the traditional asset classes
>earnings data and GDP figures say otherwise
Wrong again US GDP is down over the past year...
Not 100% sure about earnings, but aside from tech and pharma I don't really see any sectors increasing productivity, so without looking it up I'd say earnings are down.

>>when those things go tumbling down, crypto will go down with it
>good thing those other things aren't going down
They will eventually, and crypto has shown it's super vulnerable to corrections... Also I'd say it's also shown it's vulnerable to euphoria.


>>And it will be glorious
>you are a piece of shit if you're hoping for the collapse of civilization or think that would be "glorious". like literal human trash. go kill yourself and make the world a better place
Haha agree. Not great to root for doomsday.

[Anonymous No.25719789]

>>25719525
cope, seethe, and dilate, you will never be a woman and etc...

[Anonymous No.25719821]

>>25719525
https://www.usnews.com/news/national-news/articles/2020-08-14/pentagon-confirms-existence-of-ufo-office-to-track-unidentified-aerial-phenomena

https://www.cnn.com/2020/04/27/politics/pentagon-ufo-videos/index.html

heres some links to make it easier for your lazy ass, if your dopamine addled brain allows you to do so

[Anonymous No.25719898]

>>25719789
>>25719525

[Anonymous No.25719901]

>>25719699
nice dubs and thanks for clarifying my autistic schpiel in a nice way. Cheers.

[Anonymous No.25719983]

>>25719789
Alright anon im gonna go ride my bike

If I don't come back to the thread, stay safe and stay based

[Anonymous No.25719993]

>>25719821
heh, he's even wrong about ufos lmao

[Anonymous No.25720026]

>>25719983
ya you to anon