/biz/ - Business & Finance

gold is unironically cringe. "Intrinsic value" is for the most part a meme. The "shiny rock" meme is barely a meme. Austrian economics are wrong. Keynes was right.

During the time of a crisis, what matters is being able to get food and housing. Shops don't raise prices because the fed just printed trillions. People won't accept your shiny rocks in exchange of soup. The whole system doesn't collapse and fiat is still the measuring stick for exchange. People don't stop accepting it suddenly because more was printed.

In a crisis, cash is king because it gets you what you need.

In the recovery, things don't really change either. There might be some more money in circulation, you might feel a little bit the effect of Austrian economics, but really, not that much, because economics is not a hard science, it's an agreement. It's a system that we created and that we influence. It's a story that we tell each other and to which we live by.

He's right that BTC is worthless though.

yes btc go up forever buy right now

Will all the african, indian, hispanic shekels pour into crypto? Will the developing world pump our bags?

How much of a pump can we expect realistically?

>inb4 jews will pump our bags with trillions of shekel

You can drop 25k EUR on some african real estate, big plot of land. Then about 60k eur to build a decent house with a few rooms. Then the colonization can begin. Could fit 2 women per room with 1 baby each, also would start with about 3-4 girls for breeding purposes and maybe keep one for sexors only on the side. Would put them all to work while I shitpost on biz all day.