[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


View post   

File: 936 KB, 1284x2210, B6BA2D32-C7AF-4C2D-8D13-A2D39C03EB85.jpg [View same] [iqdb] [saucenao] [google]
51636994 No.51636994 [Reply] [Original]

Is the dollar actually stronger or is everyone just becoming poorer faster?

>> No.51637012

>you vill own nothing und you vill be happy

there I made the predictable joke so we can move on with the thread

>> No.51637035

Everyone else is just becoming poorer faster.

Case and point: My USDs can buy less things (food, gas, housing) every day, it’s just that other currencies are inflating even quicker

>> No.51637051

>>51636994
Who could have seen this happening after giving more money to people?

>> No.51637092

>>51637035
>case and point
It's "case in point" you mongoloid

>> No.51637405

>>51637092
The non USD currencies are a Diamond Dozen

>> No.51637454

>hire nigger
>steals your currencies value

>> No.51637567

>>51636994
Wtf does tax policy have to do with your worthless currency

>> No.51637586

>>51637567

these are the kind of people that are on biz, remember that

>> No.51637587

>>51637035
yup same here. Im sitting here enjoying my $6 dozen eggs in sunny California. Bone Apple Tea, anons

>> No.51637645

>>51637586
Again makes 0 sense. Reducing taxes means nothing. The reality is that your shithole country prints money and makes nothing. Your shit would be fucked up regardless of whether or not taxes were high or taxes were low. Literal retard tier journalism

>> No.51637802

>>51637645

how do you think the tax cut is getting paid for?

>> No.51637979

>>51636994
kek its funny how theres now a black guy in charge all of a sudden out of nowhere a week before it all goes tits up. Boris Johnson escaped just in time

>> No.51637988

>>51636994
Same thing happened in the depression. There was no money yet prices kept going up.

>> No.51637997

>>51636994
Buying UUP at opening bell.

>> No.51638022

>>51637405
I wish you'd stop putting USD on a pedal stool.

>> No.51638043

>>51637645
retard less tax means more consumption means more demand means higher inflation means less valuable currency.

>> No.51638705

>>51637645

Taxes delete money from the economy in the same way printing adds to it.

Lowering taxes means less money is being deleted. Meaning more supply. Meaning....

>> No.51638786

>>51637802
It doesn't. Why are leftists so fucking retarded? The government is getting a pay cut. Bongs get to keep more of their money.

>> No.51640721

>>51638786
you're the retard

the government is cutting taxes but not cutting spending. They will have to make up the shortfall by borrowing.

>> No.51640755

>NOOOO IS THAT
>IS THAT THE GOVERNMENT TAKING LESS THAN 60% OF EVERYTHING YOU OWN??

>> No.51640758

>>51637587
$6 eggs
pics or didnt happen

>> No.51640902

>>51637035
tfw converted all my pesos to USDC and staked it at exchanges that didn't rugpull me so now I am king of brown pussy

>> No.51641128

>>51637645
Taxes are a burn mechanism. Makes the currency more scarce

>> No.51641166

>>51640755
less taxes is generally good but the current economic climate is the worst possible time to lower taxes. Its absolutely fucking retarded.

>> No.51641210
File: 48 KB, 924x560, katana.png [View same] [iqdb] [saucenao] [google]
51641210

>>51637092
>>51637405
>>51638022
This inflation is getting bad bros
It's a doggie dog world out there

>> No.51641248

>>51638786
The British government just took billions of dollars of loans to keep the energy crisis at bay...
How do you think they're going to pay for those debts when they're taking a pay cut? How do you think that they'll be able to take on even more debt in the future as rates rise and again they're taking a pay cut? You do realize that the BoE raising rates are inevitable, and that it'll make it even more difficult to pay off government debt, right? What happens when the government becomes insolvent?

>> No.51641276

>>51641166

This is what the state + state acolytes say any time any tax cut is suggested. Just stop. Saying "it's ok that we take all of your money because it takes money out of the economy" is a retarded justification. It should have never been dependent on a context like that.

>> No.51641291

>>51640758
Sadly, that Anon isn't lying. $6 is about average, store brands are now $4. It sucks here.

>> No.51641298

>>51636994
I can't believe how poor the UK is becoming. It used to be the richest country on earth and it's becoming soviet tier. If I was a bong I would do everything to move to the US at this point.
It's not like the cultures are different anymore at this point.

>> No.51641319

>>51636994
>oi, what's the matta?
>you not gonna tax me displacements on me Ford Focus?
Bongs are so utterly buckbroken by their government they actively defend having the shit taxed out of them.

>> No.51641377

>>51641298
Where's a good place for a bong to move if he wants house with land, has hardly any money and hates niggers? Maybe one of these redneck towns? Do they like English? Oh I also want guns and stand your ground law

>> No.51641526
File: 45 KB, 474x583, 57B9E14A-EA91-44B1-83E9-AAF8C9E912F4.jpg [View same] [iqdb] [saucenao] [google]
51641526

>>51641248
> Muh bwc!!!

Rape more indigenous people.

>> No.51641558

>>51641276
Nigger its more like "its wrong to pump even more money into the economy after we just doubled the money supply"

>> No.51641607

>>51641558

"Robbery is good because the state fucked the economy up!"

Lmao. There's levels to this! Trust me, the peanuts they're giving back to taxpayers isn't going to register vs. the incredible financial malfeasance on part of states and central banks.

>> No.51641654

>>51641607
Property is robbery.

>> No.51642372

Being cold makes me more paranoid and schizy.

>> No.51642594

>>51641276

the amount i will get back in tax cuts will be dwarfed by the loss of purchasing power of the rest of my money. we import almost everything except for (some) food

>> No.51642619

>>51636994

Nigger in charge. Kek

Time to make the £ an African tier currency and you are a racist for resisting it.

>> No.51642896

>>51636994
The purchase power of one euro and one dollar in the year 2000 was respectively

1.39 euros
1.51 dollars

https://www.statista.com/statistics/1055948/value-euro-since-2000/
https://www.statista.com/statistics/1032048/value-us-dollar-since-1640/

The dollar is devaluating faster, americans just were more wealthy

>> No.51643149

>>51636994
people actually want the usd
the world has realised it doesn't want these shit currencies like the gbp and the eur
>>51641298
this is so true it hurts
it's painful how many people haven't realised it yet
i think a lot of europe will be in the same boat too
it's like mid 19th century all over again: europeans fleeing to the usa to escape poverty
except this time it will be a total brain drain too and all the skilled intelligent people will emigrate leaving europe a wasteland of white trash and brown people with a feudal landowner class on top

>> No.51643175

>>51637092
that's a mute point

>> No.51643247

? the reason the dollar is surging is because the fed hiked rates making it appealing to take advantage of those rates. The surge has nothing to d on with strength, it’s investors taking advantage of interest rates. If the Bank of England raised rates by 2% tomorrow the £ too would surge

>> No.51643265

>>51637012
you smell like plebbit

>> No.51643305

>>51641298
>It used to be the richest country on earth
That wealth was never shared equally and it never will be. Read about victorian life for the average londoner during the empire, it was a hellscape.

>> No.51643322

>>51643247
>dozens of currencies shitting themselves against the dollar for years
>it has nothing to do with strength!
there are reasons to actually trade in usd; it's the global reserve currency for a start
europe has just been standing on its history for decades

>> No.51643571

>>51643265
No, you do. Rehashing the same dumb fucking meme over and over isnt funny.
>you: you smell like plebbit
>me:I'm about to end this whole mans career

>> No.51643626

>>51636994
America is attempting to shamelessly export all of its debt to other countries. I think they will fail and end very badly for them, but we'll see.

>> No.51643836

>>51637092
What he said works for all intensive purposes
Anne frankly I did nazi that coming

>> No.51644202

>>51642594
So don't invest in fiat.

>>51641128
This is purely theoretical. The government will increase spending, and it will not raise taxes high enough to cover the expenses. It will "borrow" (print) money instead. That way, the government can keep funding all of its pet projects while making civilians poorer. This is an obvious double win for the government and it's already working. Either they're trying to cut costs, or bug-fed humans are considered premium quality for reptilian digestion.

>> No.51644394

>>51644202

who's talking about "investing" in fiat, even if none of my investments are £ denominated, I still have to receive my salary in £

>> No.51644507

>>51637092
I could care less.

>> No.51644578

>>51636994
you'd have to be very retarded to think that what we are seeing in the FX markets is the "strength" of the dollar.
you're just going to get fucked last, and hardest

>> No.51644638

>>51637405
yep it's a doggy dog world

>> No.51644693

>>51637092
wala

>> No.51645140
File: 251 KB, 500x500, 1530651497385.jpg [View same] [iqdb] [saucenao] [google]
51645140

>>51637587
£3.50 in bongland

>> No.51645313

>>51638705
but the gobberment are printing at the same time
i think i read that they printed 15 billion to cover gas or electricity bills for the next 6 months or w/e
and printing even more to give it to the military after giving all our shit to ukraine
truss is promising £3 billion for ukraine too
she's just the same as boris, they are printing out of the ass and just swapped him out for a distraction from the covid/lockdown/vaccine fuck up
they will just keep doing the same shit

>> No.51645404

>>51637012
Sterling got BLACKED

>> No.51645476

>>51645140
It doesn't seem to matter how poor we get our small island with it's dependence on imports still pays less for food than agricultural giant US of A
I wonder (((why))) that is?

>> No.51645491

she also said she will increase all kinds of immigration as well in an attempt to bolster the economy but will mean higher housing demand and costs, lower wages, less jobs
tax cuts are like a cherry on top of a massive turd
they are fucking us all with every decision

>> No.51645495

>>51645476
That's because food is one of the few things we don't import much of. We're actually pretty good at producing out own, it's everything else that will go up in price.

>> No.51645503

>>51637405
>>51644638
I could care less

>> No.51645532

>>51645491
They do this so their business friends don't have to spend money on training people, instead just hiring people pretrained from countries that nobody wants to migrate to and thus are forced to train their own people. That and keeping house prices high for their land lord donors. All done for short term gain at the expense of the country at large.

>> No.51645537
File: 14 KB, 255x247, 1664118687755205.jpg [View same] [iqdb] [saucenao] [google]
51645537

>>51644638
>>51637405
>>51645503
go back

>> No.51645592

>>51645537
hahaha you'll never be rid of us, accursed 4chinner!

>> No.51645733

>>51645491
it's a business first strategy, on paper
i think it will be a disaster but that's in no small part because i have zero confidence in our government to do anything positive
more labour = lower wages

>> No.51645736

>>51644394
Anything you hold longer than a day is an investment. You can easily set up direct deposit to bitcoin. If you're holding a cash balance then you're investing in a failing asset.

>> No.51645813

>>51637051
>more money to people
Only rich people are getting any money

>> No.51645855

>>51644394
And eventually wages will rise to match the value of fiat. If fiat drops to zero you can still find a job in your field and it's going to pay something. The market will just switch to a functioning currency. The economy will suck for everyone but you only get completely rekt if you had been saving in fiat.

>> No.51646904

>>51637092
>>51637405
>>51645503
>>51638022
>>51644638
We did it Reddit!

>> No.51646961

>>51636994
second one obviously. Dollar is inflating and going to hell, but rest of the world is going to hell faster

>> No.51647697
File: 104 KB, 540x360, wow.jpg [View same] [iqdb] [saucenao] [google]
51647697

>>51637092
>>51637405
>>51645503
>>51638022
>>51644638

Look at the faggots

>> No.51647926
File: 344 KB, 1128x533, 701E8FCC-A55B-49DE-8B20-EE3811B2E734.jpg [View same] [iqdb] [saucenao] [google]
51647926

>>51636994
Yes.
Nobody outside of Britain borrows GBP.
Nobody outside the EU borrows the Euro.
The dollar is the tallest dwarf.

>> No.51647932

>>51641298
The USA doesn't take White Europeans anymore

>> No.51648069
File: 7 KB, 228x221, 1661470058601743.jpg [View same] [iqdb] [saucenao] [google]
51648069

>>51637092

>> No.51648108

>>51640902
Based

>> No.51648413
File: 345 KB, 1280x753, LONDIS.jpg [View same] [iqdb] [saucenao] [google]
51648413

>>51645140
you;re getting ripped off son, south prices? they're like £2 for a dozen in the north, free range too.

>> No.51649183

>>51645476
I lived in the USA for a while, and I was shocked by the price of food and the quality. Getting decent meat, vegetables, eggs, etc, is far more expensive than here. It's bizarre for the world's most productive agricultural nation.

>> No.51649465

>>51637092
The EU will do ANYTHING to punish Russia they’d cut off their nose to spiderface

>> No.51649513

>>51636994
Yes.

>> No.51649613
File: 205 KB, 1024x1024, EF821E97-7089-4487-AD6B-198B9DA175BC.jpg [View same] [iqdb] [saucenao] [google]
51649613

>>51641298
Bongs are about to have to pay the bill the boomers racked up. 50 years of dogshit policy and kicking the can down the road. Its the same here in Australia but we at least have natural resources and are a net exporter of almost everything. Bongs are fucked