/biz/ - Business & Finance

>>10913421
This. The next bubble popping will be the match that starts a Civil (really a Race) War throughout the Western world. Once the golden goose runs out the diversity will eat away at each other.

>>10914929
>The funny part is deluded bizraelites think the crash will pump crypto

The crash could be so bad crypto will be worthless. You'll want hard goods, not some private keys on a USB. When the grocery stores run out of food because of a fiat collapse ain't no niggers gonna be trying to steal your btc bruh. Maybe some white people will barter with you for btc, but nonwhites won't.

>>10913345
First it will be housing. There are multiple threads in the past month discussing were in a bubble. My parents are trying to sell their home in the Chicago suburbs and have has less than 10 showings all summer. Out of the dozen listings in their neighborhood, only two have sold all summer. Most Chicago suburbs are slow. A lot of markets are starting to show "Cold" on zillow.

Come next spring once boomers start marking their homes down 30-40% foreclosures will start.

The state and municipal governments in places such as IL, Chicago, NY, NJ, CT, MA, KY, and CA NEED higher property values because they have hundreds of billions of dollars in unfunded pension liabilities that they need to keep feeding with higher property taxes. This list also includes thousands of municipalities throughout the country. The list of public debt at the local and state level is $4 trillion, all these smaller governments will go bankrupt and need a Fed bailout.

If not, we will see a MASSIVE cut to government services. In Harvey, IL they laid off half the police and firefighter force due to pensions.

However, this will hyperinflate the dollar and eat away at the last of America's paltry savings. Also once boomers lose money in the real estate bubble they are gonna cash out their 401k;s and run for the hills. Stocks will crash.