/biz/ - Business & Finance

>>58534149
>id
>oso

just give up bobo

https://www.news.com.au/finance/economy/australian-economy/ban-on-cash-payments-above-10000-under-proposed-law/news-story/4f6a7daec0d888822060a15e5f038949

Also a ban in cryptocurrencies , it's starting anons , trump asking for negative interest rates , central banks creating limits to cash purchases all over the world , they are getting scared of cryptos having a lower inflation than fiat currency and are starting to move western economies to the cashless society social points system.

They won't be able to do it in 2025 due to having multiple cryptos with insanely low inflation they have to do it now and have started to push this crap.
The war against cash has started , shit's going to get ugly as democracies with cashless society are not compatible as there is nothing preventing politicians of taxing the last bit of capital in existance.

They will destroy economic growth and crash the global economy with no survivors just to have total control.
India is also having a massive economic slowdown now after they pushed their ban on cash.

>>15529797
>Let's see how well this is all going to ens up being 12 mo from now.

Probably hyperinflation , also the solar minimum is happening next year and agricultural output decreases massively during solar minumum years , so the Argentinean peso is about to be rekt , so will the usd Trump is openly saying he wants a weaker currency top kek , and his agricultural base is also going to be rekt due to the solar minmum plus trade war so he is losing.

Should a "democratic socialist" end up wining the us presidency we will see bitcoin above 500k by 2021.

The brainlets here don't realize that bitcoin did more than 120x in the previous halvening events we could very well hit gold marketcap in this halvening tough i think it will happen in 2025.

>>15328422
Checked and kekd

>>15294596
it's probably more on things like cars which is why the entire industry is collapsing.
Or why governments keep increasing taxes like fuesl(that is used to move other goods thus an indirect tax even on food).

Shit's fucking insane , i am not sure how much longer this crap can continue this way.

>>15116907
China and Mexico have been devaluating their currency as a result their citzens now can import less but their labor is cheaper relative to usd so they will export more.

What can Trump do with this crap?Only way to prevent them from doing this is devaluating the usd so now chinese citzens or mexican citzens earn the same than what they did before their currencies lost value.

But Trump has a country with 350m citzens and China 1200m , as a result he can't do that thing effectively.

China is trying to crash the economy with no survivors to get Trump out in the next elections and the only thing trump can do to prevent this is devaluating the usd(which he already did last week by bullying the fed to lower rates).

Now he is fucked , he devaluated the usd and china devaluated the yuan more.

>>15089845
>On the other hand some see 2x gold market cap as overly optimistic.

Growing at the current rate the marketcap will be the same of gold by 2021.
2X of gold is certainly a posibility , let's remember the housing market is such a bubble because houses are a good hedge against inflation.

What's going to happen when milenials can't buy them and start protecting themselves from inflation with cryptos?
BTC and cryptos in general are going to take that entire wealth in properties that is only invested there not to use it as a place to grow a family but as a hedge against inflation.

Crypto is the needle not the bubble.

>>15042521
>What black swan event could cause markets to finally crash?

>Car industry get's rekt
>Milenials never buy homes
>Milenials renting mean they never enter adulthood as most of their income goes to basic survival
>GDP slows down so much it only grows 1% with 0% interest rates because milenials and zoomers lack income to buy crap
>Boomers have their retirement fucked up by inflation
>Boomers rent instead of selling to compensate their shitty retirement
>They only spend on basic goods like milenials
>The entire economy starts to slow down even tough there are 0% interest rates.
>Recessions start to happen very slowly first with -1% gdp "growth".
>Then -2%
>Central banks go full negative interest rates
>This fucks pensions even more and milenial wages are not upgraded for inflation even tough they earn less.
>Economy grows at 1.5% again
>Bitcoin goes to 100k
>BCH to 37k
>LTC to 6k
>Gold to 4k
>The economy keeps slowing down because wages and retirement have not been upgraded to this new inflation.
>Interest rates are in the negative but even more
>People buy crypto and gold fast as fuck because their savings are destroyed.
>Crypto and gold are banned but they keep growing as the negative interest rates fuck fiat more, it's not as much as crypto or gold increasing in price as fiat is lossing.
>GDP "growth" -3%
>Extreme political movements such as communsim or fascism start to gain strenght.
>They get elected
>Print more money fucking things more.
>The western civilization that rise from the dark ages collapses back into another dark age.

You would be suprised to realize how advanced into this shit we already are , probably 40% of the entire thing i described.

>>15032590
ETH is going to the fifth place.
1_BTC
2_BCH
3_LTC
4_XRP
5_ETH

ETH being inflationary makes it loses 10% of it's price per year , it won't survive the coming recession.