/biz/ - Business & Finance

>>12365274
This has always been a no brainer for me. Crypto is eventually going to be bought up by the banks and they are going to shill crypto to normies. It will be predatory. They will prey on the uninformed and those hoping to get rich. Right now, they are buying up crypto themselves, and having their friends by a little bit. Then they shill to the poor/middle class.

The banks/wall street won't look bad because they can just blame all the shitty crypto startups if normies lose tons of money when it all crashes.

The nature of crypto makes crypto currencies very volatile, which is why facebook/google/appl won't make their own true cryptos. Big business can't afford to take the risk on their own. (facebook is developing some stable coin crypto supposedly, but its not like its ETH or something).

At the end of the day, the rich are happy to shill crypto because it allows them to turn a profit and if it does create millions of bag holders they can point to the crypto currencies themselves and paint them as the enemy.

>>12333136
Buffet is a boomer cuck.

>>12292221
The right wing will win, they just are changing. There is no reason to push for the pro-corporate anti business regulation anymore. Businesses FUCK OVER conservatives. Just like immigration fucks over workers wages.

I am a democrat, and I call people cuck/faggot/nigger lover whenever they support open borders. I call republicans the same whenever they support less business regulation.

Basically

left wing social agenda = gay as fuck, but it made progress the past 50 years

right wing economic agenda = gay as fuck, but it made progress the past 50 years

The left made progress in the visible sense, the right made progress in the economic sense. So weird that the richest people benefit from both huh?

We definitely will get right wing presidents again, they just will be right wing on social issues. There is more synergy right now between corporations and the current basedacrats agenda, and there is more synergy between anti-cuckservative republicans and raising taxes on the rich/corporations/adding more business regulations.

Name one business that uses its money to help white people? Pro tip: you can't.

In fact, I can't even think of a business that isn't actively fucking over white people.

Oh, don't say the republicans beloved coal industry (republicans love coal), because the Koch Brothers who are two of the wealthiest people in coal industry are bringing in more beaners than George Soros.

It's middle class people who voted for Trump. Even Bannon (who I would vote for) has said that it is worth exploring the idea of raising taxes on the rich.

Most right wingers I see on here who believe in low taxes are actually just taking after their family (most people take after their family politically) and they don't realize that their dad was just too much of a pussy to say he hated niggers so he just has to resort to saying "i want low taxes".

>>11942976
>I've been encouraged to continue buying properties by taking out loans, and using rental income to pay off the mortgages and carrying costs... but I don't really feel like doing that. I feel like 6-7MM worth of real estate and passive income is enough, and instead of doing the same thing my parents did I should use this in a different way.
I'm in a similar boat (although my parents' fortune is much more significant). Real estate is a dead meme in 2018+. Boomers got rich off it in the 80s-90s before the internet and globalization. Now REITs took over everything.

Your best bet is simply to maintain the boomer wealth rather than trying to flip it into more. You don't want to become a poorfag, do you?

Just sell everything, start renting instead of homeowning, and put all the money in a boomer index funds and dividend aristocrats. Crypto gamble with the stock dividends and proceeds from the side hustles you do.

>>11932054
Holy shit the cope. He knows he could have doubled his money in crypto, probably mad AF.

Also fuck that guy. He is warren buffets bitch, and warren buffet is also a total faggot. Warren buffet uses his advanced knowledge of the market to trick the average American into buying his bags. He then takes that profit, puts none of it back into the economy. It just is a lockbox basically. Then when he dies, he will give it all to niggers in Africa. Man so happy that guy exists! What an American hero!

>>11266139

>be boomer
>use value transference to get rich
>never create anything of true value entire life
>instead dump bags on less educated people and profit from them not being able to buy stocks/holdings
>Literally just sit on top of the pile of money you have like a highscore
>Don't even spend it on any products made in the country that made you rich, barely buys anything at all
>Donate money to the most worthless and worst genetic group on the entire planet

Wow, great guy!!!!

>>10761734
Crypto is a scheme by the jews to enrich zoomers. Zoomers will adopt the new tech and their parents will literally be buying their bags. Zoomers become rich and are able to spend much more money on Mr. Goldstein's products, instead of the boomer parents donating all their money to africa/india.