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

/biz/ - Business & Finance

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54897587 No.54897587 [Reply] [Original]

It's over, USbros. So what's the best currency exchange app? Is it still Forex?

>> No.54897612

>>54897587
I expected it to be today. off by a few days. Changes nothing. Buy btc front run the bankrun

>> No.54897747

>>54897587
America is an obese brown turd world who cares what those goblins do?

>> No.54897775

>>54897747
As there shitcoin is still used as a reserve currency by most of the world and mayn third worlders that have to deal with the hyperinflatio of their shitcoins, enough people that there is going to be a rug never seen before in human history, with a majority of the planet fleeing into tangebile assets, likely getting rugged twice. Some will sit on the one thing that s going to make it into the next economic base resource though, bitcoin

>> No.54897780

>>54897747
Your shitty little country should, your goods are likely still traded in USD.

>> No.54897799

>>54897587
most americans live paycheck to paycheck, withdrawal limits won't impact them
but most of the money in the form of customer deposits (which represent a liability to the bank) are in large accounts
so you have to ask yourself how willing politicians will be to fuck over the top 10% of americans
my guess is they won't, confiscation via inflation is politically easier and favors the top 10%, which can quickly shift money into real assets

>> No.54897808

>>54897775

Loool. No.

>> No.54897814
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54897814

>>54897799
>live pacheck to paycheck
>wont care

>> No.54897828

>>54897808
lmfao yes. Good luck with your failed experiment in state building and imperialism. May others learn from your mistakes

>> No.54897838

>>54897828

(Literal schizophrenic)

>> No.54897852

>>54897838
very subversive, on a dead board where there is nobody to convince. How desperate

>> No.54897860

>>54897852

Ok dude. Slowly and calmly step away from your self-built PC and go to a psychiatrists office asap.

>> No.54897863

Send me one legitimate source for the headline in OP

>> No.54897870

>>54897860
modfam, you might see a fingerprint, but that tells you not to much, does it

>> No.54897919

>>54897587
with the "US government" is he talking about the Biden administration? Congress?
They are not gonna do anything that is deemed to unpopular with the voters, for the rulers it's all about being in power and keeping the power.
Freezing bank withdrawals seems like a guaranteed way to lose an election, do nothing and let the shit crater is probably the safest play.

>> No.54897938

>>54897799
You misunderstand

The wealthy will be exempt from anything restrictive. The middle class will die, as normal

>> No.54897947

>>54897775
Kek, why do you think they are clogging the network like they are? You think these shitcoins are going to stop being made and slowing things down? Enjoy spending $50 to move $5.

>> No.54897946

>>54897919
You think Samaras was keen on having his country go up in flames? There was no other choice. RIP USA, good riddance

>> No.54897964

>>54897947
Better then being hodl mode while your child needs formula

>> No.54897965
File: 62 KB, 800x529, reply to this thread or you mother dies in her sleep tonight.jpg [View same] [iqdb] [saucenao] [google]
54897965

>>54897587
>OH NO NO NO
>How will 48% America survive without being able to withdraw their $500 from savings during a currency crisis?
HAHAHAHAHAHAHAHA!
>42% of Americans have less than $1,000 in savings
>58% of Americans have savings account balances averaging $4,500.
https://www.zippia.com/advice/american-savings-statistics/

>> No.54897991

>>54897965
>boss transfers ious for 80 hours of slave work a week
>cant withdraw
>cant feed child
sucks. Forgot to buy btc because the drug store would take btc through LN

>> No.54898010

>>54897863
not op but here you go:
reddit spaced because op is a fag likely responsible for all headlines and the reddit thread

https://dailyhodl.com/2023/05/06/us-government-may-freeze-american-bank-withdrawals-as-currency-panic-and-capital-flight-mounts-macro-guru-hugh-hendry/

https://cryptogazette.com/just-in-us-government-may-freeze-american-bank-withdrawals/

https://www.reddit.com/r/GME/comments/13aqiun/us_government_may_freeze_american_bank_withdrawals/

>> No.54898016

>>54897964
Fair point, too bad its a flawed argument. The moment the US institutes capital controls is the day the US dollar officially becomes defunct and the next system gets implemented.

>> No.54898053

>>54897991
>cant withdraw
not a problem desu
https://www.ktvu.com/news/major-retail-brands-threaten-to-close-stores-over-rampant-retail-theft
Americans are already walking into stores, taking what they want and walking out.

>> No.54898073

>>54898016
another fiat system this time with cbdcs? You Americans don't remember your 1930s neither do you seem to remember your 1970s. The point is trust, and that trust, going by biased data from polling firms isnt there anymore. Are they going to implement the mandates with force, worked great last time, and that is just a year back. What makes you think the lost trust has returned and wont detoriate faster

>> No.54898080
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54898080

>>54898053
only niggers and out of touch boomers "shop" in store anyway. chads and turbo autists get delivery.

>> No.54898102

>>54898073
The BRICS nations may have something to say bring over half the worlds population to the table. The West will either play nice or be locked out of trade(cheap stuff americans are addicted to mind). Going to be fun watching play out, can't say I am not nervous though.

>> No.54898134

>>54898102
BRICS has no interest to let the americans of the hook until their corpse got picked clean
https://youtu.be/MDSALGbUcRQ

>> No.54898137
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54898137

>>54897860

>> No.54898145

>>54898010
I said legitimate sources. All you can find is dailyhodl? Fuck outta here schizos

>> No.54898183

this thread is like the guy who publishes 90% of zerohedge articles went on a bender and decided to funpost
do any of you take yourselves seriously?

>> No.54898187

>>54897938
sounds like i understand perfectly, which is why this won't happen via withdrawal limits

>> No.54898197

>>54898183
Afraid, nervous, uncertain? The beast has been circled for quite some time now, is bleeding like a shanked pig and all the vultures are more then aware

>> No.54898207

>>54898197
than* you'd think they'd pay you guys better but we get these engrish shills

>> No.54898231

>>54898207
Nobody is coming for your rescue. 80 years of crimes against humanity by the US imperialists wont be forgotten. International Anarchy baby

>> No.54898254

>>54898231
picturing a Filipino man angry his sister is banging a white male
but your tactics won't confuse me, shill!

>> No.54898267

>>54898254
I am not here to confuse you, just to mock you, and test more of my models

>> No.54898281

>>54898267
>52% likelihood of human-generated content

>> No.54898288

>>54898145
It's literally just some fucking British investor media personality saying shit and trying to incite panic is his shtick. OP is gay and retarded

>> No.54898309

>>54898281
subversive. Wont you like to get the mods back in here to call me shizo for the nth time when revealing some uncovenient truths

>> No.54898396
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54898396

>>54898309

>> No.54898404

>>54898396
Its going to happen this month. Bad luck american, may you be raped by a pack of wild niggers

>> No.54898596

>>54897587
>macro guru says
into the trash it goes

>> No.54898707

>>54898404
What makes you think capital controls will hit this month?

>> No.54898797

>>54898707
auctions. Nobody wants to be the sucker this late in the game and it has shown since February latest

>> No.54898902

>>54898797
Ok so say they do it, what kind of limits are we looking at? Also credit would be frozen I imagine?

>> No.54898988

>>54898902
If I can judge by the other quasi first world country that went through this, $2000 per month for average Joe, $5000 a day for businesses

>> No.54899155

>>54898988
Interesting, that wouldn't really fuck up poorer folk. Guess it depends on how they decide to fuck around with freezing credit and whatnot. Businesses though would be fucked up, 5k a day is nothing for anything that employs more than a few hundred people.

>> No.54899175
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54899175

>>54897587
Bullish

>> No.54899191

>>54899155
That is Greece in 2013, I could imagine that with the few 100% inflation since then it would be other numbers, but yes. one consequence of the controls were businesses just going out of business leaving millions unemployed because there was neitehr access to short term loans for wages, which in the end was the reason Greece rioted and burnt and killed cops, and still has an avid anarchist and classic fascist scene regularly killing public officials

>> No.54899201

>>54897587
>Guru

If anyone has that as a title immediately disregard their trash advice.

>> No.54899222

>>54899191
I think if it gets that bad in the west it would only be to help expedite the cbdcs. Which i would not be surprised if its all orchestrated.

>> No.54899231

>>54899201
modfama you know you wont make it either. You can keep hoping uncle sam protects and cares for you or you take the reality pill and hope that non of the people you scammed gets your dox and picks your bones clean

>> No.54899274

>>54899222
Nobody cares for cbdcs. Once capital controls role out trust takes a nose dive. The coof models were false, they expected more people to comply, not that much headwind, and that was just some fake flue and a sterilization shot with a 0.000003xx kill rate. When your job is gone and your money was locked and the govenement responsible comes with some new shiny fiat, lot will take it but a big enough part of the population wont comply

>> No.54899362

>>54899231
Literally who?

>> No.54899388

>>54899274

Luckily I'm all in on gold.

>> No.54899398

>>54899362

>who

you know

>> No.54899418

>>54899388

really. good luck finding someboy taking your shiny rock for a cup of bean juice

>> No.54899425

>>54899398
I only occasionally frequent smg and these random ass threads I honestly don’t know who that is or what they did. Could you enlighten me?

>> No.54899440

>>54899418

I have that too

>> No.54899442

>>54897587
>bank run ensues become dolts from twitter read zerohedge
>oH i KnoW iMmA pUlL mY mOnEy OuT ToOoOo1!!!!111
>Bank run gets even worse

Honestly im glad the US banks are doing this. Psycho paths are literally causing wide spread panic because they want to watch shit burn and crash. I really hope the govt makes it illegal for a quick minute to withdrawl cash - even if they just set it up as an emergency declaration or executive power.

>> No.54899458

>>54897587
Zero percent chance this happens. It would be Tsar Bomba. They've been working so hard to keep up confidence and keep kicking the can. I cannot ever see them shooting themselves in the foot like that.

>> No.54899466

>>54899440
good for you j00, and yet again like over the past 13 years one commodity is going to outperfom the shiny rock and the bean juice, its bitcoin, because its trustless, the perfect commodity for people that have no trust

>> No.54899524

>>54897587
this is basically like being raped at gun point by a gang of niggers after working all day to support them

>> No.54899603

>>54897587
>may
>screenshot
>not even a link
2 more weeks

>> No.54899624
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54899624

>>54897587
Nice link, faggot.

>> No.54899635

>>54899603
>>54899624
triggered agents?

>> No.54899673

>>54897612
So you thought the bankrun would have officially started today?

>> No.54899683

>>54899673
yes, based on cds on treasuries. Didn't thought that americans are so docile or unaware that the clock is ticking that they wouldn't have started to raid atms after friday

>> No.54899740

>>54899683
Maybe they are just so demoralized the ones who are worried about this already have their cash. Any freaking out at this point would be regular people who are so far in debt anyways a bank run and credit freeze might be a blessing for them to pay their shit off. Or we are about to see normies freak out and start pulling their money out en masse.

>> No.54899784

>>54899740
a bank run and credit freeze is a blessing for nobody. Somebody with an assload of debt that has to make his monthly payments to not go live under a bridge cant afford to lose his job because his employer has to go out of buisness or have to shitcan people because he lost access to short term loans for wages

>> No.54899809

>>54899784
Well, if its going to happen it needs to happen soon before fednow launches.

>> No.54899823

>>54899809
fednow is not going to change a thing, beside making the US Weimar

>> No.54899837

>>54899823
More control and ubi to placate people in the interim. Guess if/when things finally kick off will be an experience to be had.

>> No.54899858

>>54899809

Yes in July but what difference does it make?

>> No.54899892

>>54899837
with trust levels for political institutions, with boomers still in the mix around 50% and for propaganda networks under 40%, with republicans on average throughout all age groups a good 50% lower than democrats. its not going to be smooth sailing as the models predicted while trust levels, with boomers in the mix were hovering around 65%

>> No.54900060

>>54899858
Easier to directly control things. And hand out ubi etc etc.
>>54899892
Could be areas of more resistance get more restrictions or less help? Carrot/stick type situation.

>> No.54900215

>>54900060
You think the stick will work especially if its announced with social credit score spending and distribtion. It will create parallel societies and systems that are in the current political constelation going to leave the ones emitting cbdcs with a minority of the population. Independs wont just embrace the new liberal fascist system the uni party is going to try to establish and Maga wont follow the boomer rinos either. Same goes for other countries. Political cleavages are deeper than in Weimar Germany after '29

>> No.54900441

>>54900215
Guess we will see. Austerity may be used to placate people. Wealth taxes would calm a lot of people down, especially if it focuses on the multimillionaires and billionaires and not boomers worth only a few million.

>> No.54900525

>>54900441
And those will just take it up the ass?
The most crucial I might said in this thread is the loss in trust in centralized propagnda channels

>> No.54900594

>>54900525
Its not like they will have a choice. Unless this is just a power fantasy you want to see play out, which if that is the case i imagine you will be sorely disappointed.

>> No.54900786

I thought the US donkler being the world reserve currency meant that they have no choice to but to not restrict the flow of their donklers in/out of the country. If they stopped that flow, they would lose the reserve status instantly, yes?

>> No.54900797

>>54897587
I’ve been thinking of going into this in small steps so as not to lose my ass completely, but can’t even decide what’s a good broker as far as it’s concerned. Is Forex Anon still around?

>> No.54900889
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54900889

>>54898073
Use bank credit to buy metals

>> No.54900899
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54900899

>>54898183

>> No.54900928

>>54899442
Yea because a crash will allow people to actually take part in the economy instead of renting forever from blackrock. A crash rewards average people with liquidity. Not the retards that financemaxx at any price like the current situation

>> No.54901040

>>54897587
Hugh hendry is literally a crack addict. Hardcore drugs and hardcore capital losses. He is raoul pal before anyone knew raoul. Total and complete bullshitter. He used to be so blitzed that he said he generated alpha by being in different time zones