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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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54214773 No.54214773 [Reply] [Original]

Give it to me straight, /biz/. Are we in for a collapse?

>> No.54214785

Yes, but not yet

>> No.54214877

>>54214785
I think it's going to happen way faster than expected because trust in institutions by multimillionaires is lower than it's ever been and theyre overall too smart to be conned into propping it up.

>> No.54214951

>>54214785
What needs to happen first? Weimar 2.0? We're almost there aren't we?

>> No.54215288

>>54214773
I imagine that it will happen slowly at first and then it will accelerate and by that point everyone with looking for the exit.

>> No.54215498

>>54215288
>slowly at first
we are done that part

>> No.54215603

>>54214773
i'm beginning to think every time there's a recession people think it's the collapse.

>> No.54215940

>>54214773
Nothing lasts forever but USD is a good ponzi backed by strong muscles.

>> No.54215947

>>54215603
A recession, which is independent from the inflation

>> No.54215972

>>54215288
>Slowly, then all at once.

>> No.54215978

>>54214951
we still haven't fired the negative interest rate bullet. The next recession will probably lead to that. Then a period of recovery. Then the collapse

>> No.54215990

>>54214773
This on the 23rd.

>> No.54216002
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54216002

>>54215603
People have been talking about the collapse for a very long time, people don’t even understand how truly robust this system is. You will never escape it. But that could be your great strength in it, because while everyone is scared you just keep on knowing nothing will be over and proceed with that in mind.

>> No.54216041
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54216041

>>54216002
>USA becomes Brazil
>UK becomes South Africa

it CAN, HAS and WILL collapse

>> No.54216055

>>54214951
>Almost Weimar?
No. Inflation is bad. Its going to get worse. But its still nowhere near Weimar levels and almost certainly won't be until the fundamentals of our currency creation change.
I think the bigger problem is debt. Its a currency crisis because its a debt crisis, and our currency currently is based on debt.

>> No.54216056

>>54215978
We are negative, who the fuck doesn't look at the rate after inflation lol

>> No.54216097

>>54216056
You are right, but I'm talking true dystopian -0.5% shit. It's the final frontier and our banks will absolutely go there in the final desperation.

>> No.54216121

>>54214773
No, everything is fine.
The bank bailouts work, just like they did in 2008.
Good times are coming.

>> No.54216269

>>54216121
30 Trillion in debt is not "fine"

Do you have any idea how Fiats fail? Do you know that they fail 100% of the time?

>> No.54216424

>>54216269
>30 Trillion in debt is not "fine"
It is fine because its just a number.
The system we live under rests on confidence, and so long as there is confidence it doesn't really matter how big or small the debt or any other number is.
Wagies will get up and go to work tomorrow, and the grocery store and every other place still accept USD for goods and services, therefore everything is fine.

>Do you have any idea how Fiats fail? Do you know that they fail 100% of the time?
So?
All that matters is it is not going to fail anytime soon.
Maybe it will fail 100 years from now, maybe not because they've invented teleportation and space mining to boost the economy.
Regardless, we'll all be dead by then so who cares.

>> No.54216484
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54216484

>>54214773
>1 node
My fkn sides holy shit

>> No.54216489

>>54216424
You think there's confidence? My normie band mates are talking about this.

>> No.54216510

>>54214877
Dumbass
What will millionaires do without banks?

>> No.54216516
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54216516

>>54216424
>Maybe it will fail 100 years from now

The collapse started 100 years ago.

>> No.54216532

>>54216424
I'm a wagie and haven't gone to work since 2019, absolutely nothing to do with covid. I'd rather starve to death at this stage because people have only gotten more greedy and coercive.

You say the system works as long as there is trust but you overestimate the trust that is left. Everyone is pissed off and they're yelling at eachother. We're going to end up in mob mentality.

We are literally going to end up in the worst case scenario.

And have you even considered that there is a possibility for a better system? just because this one can work doesn't mean it's the best.

>> No.54216542

>>54214951
Financially no, socially, yes and beyond.

>> No.54216550
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54216550

>>54216489
Your average wagie is going to get up and bust his ass at work tomorrow to make numbers go up on a computer screen, so yes there is plenty of confidence.

>> No.54216594

im ok only 15k is in the bank the rest is in real estate

>> No.54216670

>>54216516
>iT g0NnA C0LlAsPe AnY dAy N0W!!!!!!!
Imagine saying this for 100 years and society keeps on trucking on and progressing.
You Austrian economic guys are like those "Repent The Apocalypse is Coming!" preachers you see in the streets.

>>54216532
>I'm a wagie and haven't gone to work since 2019
You are just one tiny cog in the machine that no one will miss.
Your company has forgotten that you existed 6 months after you quit.
>You say the system works as long as there is trust but you overestimate the trust that is left.
This is not true at all, as I've stated previously, your average wagie is going to bust his ass at work tomorrow just to make some numbers go up on a computer screen. That is how dumb your average person is, which is why there is so much confidence left, and its all that matters.
Even if everyone quits tomorrow, they will just import more pajeets and chinks with H1B visas to replace everyone, there's literally a billion pajeets and chinks who wants to come to the US.
Hell, just look at the farming industry, your average wagie didn't want to work for less, so they just replaced them all with illegals from South America.

>And have you even considered that there is a possibility for a better system?
It doesn't matter what I think this is the system we have and its the system that wagies support and have confidence in.
If anything the recent bank failures proves that the system works because they were able to avert crisis by simply injecting money into the banks and making everyone whole.

>> No.54216795

>>54216041
That's not collapsing. That's only prolapsing. Niggers in slums walking around in flip flops shooting eachother on facebook live after a slow decline does not a collapse make.

>> No.54217220
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54217220

The collapse already happened. In 2008. It was not only economic but cultural. There has been nothing new since 2008, although hipsters and dubstep survived for a few years after, they had been gestating at the point the collapse happened.

A real collapse takes decades. It's been 15 years. We already have much of the process under our belt.

>> No.54217251

>>54216516
Buy the dip

>> No.54217575

>>54217251
No way! Fiats are tools to steal value from citizens. The value is never going back into the dollar.

Its a rug pull.