/biz/ - Business & Finance

>>54078002
when the fuck do anons post long ass whatsapp screenshots?

>>30445469
/pmg/ will tell you everything that you need to know.

>>30410371

>>30397740

"So far, the foreign exchanges and general public, which ultimately decide the purchasing power of the state’s unbacked currency, only see the U. K. government’s response in terms of a currency which is fundamentally unaltered. A second round of QE, which is likely to exceed the first in terms of its size, can be expected to ring alarm bells, at least initially on the foreign exchanges, whose participants will then consider if the monetary dilution will be enough, and how much more will be needed to rescue the economy from a deepening slump. How these factors are reflected in dollar and euro exchange rates will depend on how similar factors affect those currencies. But it is easy to envisage, in the absence of the systemic risks mentioned above, sterling declining with the dollar, and its fall through parity with the euro being blamed on Brexit by Remainers in the establishment and the media. All currencies will then face the prospect of a slump in global trade being magnified by depreciating currencies measured in commodities, goods, and importantly essentials such as food.

If this leads to monetary inflation pushing up the general level of prices beyond the control of CPI methodologies, which seems certain to be the case, markets will take control of interest rates away from the MPC and America’s FOMC. The overt bankruptcy of the UK government will be reflected in a wider public rejection of faith in the currency, to the point where it will be disposed of rapidly for goods not necessarily needed immediately, in a crack-up boom. In any event, sterling is already in a state of hyperinflation, which I have defined as the condition whereby monetary authorities accelerate the expansion of the quantity of money to the point where is proves impossible for them to regain control."

https://www.goldmoney.com/research/goldmoney-insights/the-fate-of-the-pound-sterling

>>30379830
There are many people on ceo.ca who own millions of Bayhorse shares. One person owns 5 million. Bayhorse is also top mining analyst Bob Moriarty's 5th-largest position.

>>30378695
>There I go sounding greedy again, though.

"Economists must also insist on the term self-interest rather than greed or selfishness. After all, greed is in the eye of the beholder and there are many motives for acquiring command over resources that are not greedy or selfish, but do advance purposes people care about. For example, when Mother Teresa used her Nobel Prize money to build a leprosarium, she was not acting out of greed, but was acting in her self-interest. And everyone's behavior reveals similar concerns that extend well beyond their narrow, selfish interests. Further, in terms of social cooperation, whether people are greedy is largely irrelevant—offering someone command over more resources can induce voluntarily cooperation, regardless of the purposes those resources will be put to."

-- Professor Gary Galles

>>30374003
You deserve to lose all your money.

>>30351135
I'm right here anon and I'm ready to meet any real objections. You won't find them forthcoming. Bitcoin is simply a ponzi with no use-case and it was invented by the banks as another way to short gold by diverting capital and attention.