/biz/ - Business & Finance

>>19448819
>running out of patients

What did he mean by this?

>>19263821

>>19245479
Thats a man.

>>17992730
Communists show up and all of a sudden the board is riddled with pedophilia. You people should be jailed.

>20k on a single leveraged long staring down the barrel of a recession.

Either you have balls of Scandium alloy and the brains of a goldfish, or you're bait-posting.

>>17802259
You don't have showers in India?

>>17714804
It's at least an order of magnitude more lethal than the flu, not the sniffles.

Moreover, the global markets were already set to collapse, the virus was just a Sparta kick off the precipice.

All of the shit that caused the last GFC is still happening. Governments are in more debt and central banks have no room to lower interest rates. Repo markets are being bailed out to the tune of hundreds of millions of dollars as we speak.

All of this shit show is "justified" on the basis of a nu-Keynesian philosophy called "Modern Monetary Theory" or MMT for short, which argues that government can print money indefinitely with no consequences.

This is retarded for many reasons, here are two:

- If there is an infinite supply of fiat, what is fiat worth?

- If all this is true, why are we expected to pay taxes?

Notice this, and you've figured out how insanely corrupt the system has become. This is the reason bitcoin was first developed, sound money (a truly scarce resource) outside the control of governments and central banking cartels.