/biz/ - Business & Finance

Deflation first, then hyperinflation

>>10039411
meanwhile gravio just released euro, usd and rouble trading pais and is going to be the first realtime system offering crypto/oil/gas trading pairs based on realtime production statistics

>>10038785 →

And all of this is there, now actually happening

>>10039411
Same in Europe, in Big cities 2500 euros per month is a "low" salary, it was a big one 8 years ago

A six figure salary is not low even in sf. A couple with a household income of 300k+ is surviving. Now if we're talking a household income of low six figures then I would agree.

>>10039447
pajeet

>>10039476
>in Big cities
That's just it though, those cities are expensive to live in because you'll be paying insane amounts of rent or mortgage. Live outside of those (and work in the city if you're crazy fighting traffic for hours daily) then you can live fine with much, much less.

>>10039522

Wouldn't low skilled workers be fleeing those cities at this point? Obviously you can't make six figures as janitor, cop, teacher....etc. So how or where do they live? And how can a city like this sustain itself in the long term? Is it really just +100k incomefags living inside cities like SF?

>>10039447

if anything, this illustrates the instant gratification mentality
live in your car and you could literally retire in 2-3 years, but people would rather have a place and remain a slave for 30+ years

>>10039522
Spending hours commuting is a pretty shitty quality of life m8.

>>10039556
most of these people live in the suburbs (in Europe, suburbs = shit; central = hype)

But the cost of living is the same, 3 euros for a coffee when it was 0.25 euros (before euro was our currency)..

its inflation, and salaries dont grow as fast as the prices

>>10039585
>3 euros for a coffee
What

>>10039576
I know, that's why I call people that do crazy. I can't understand how some people can put up with a 2 hour commute daily TWICE, but I have 2 colleagues that have been doing it for almost 2 years. You're already sacrificing 9 hours of your day for the work itself, I just can't wrap my head around it.

>>10039603
There's no waiter jobs nor countless offices to clean in the suburbs. Most of the jobs themselves are in the centres.

>Let's produce everything in USA instead of buying from from China at cents per MAGA
>what? are you telling me that American workers demand higher salaries than Chink slaves?

>>10039631

But question is how long is it sustainable? If housing prices inside the city keep rising, won't that bubble eventually pop, and if not overflow into the suburbs of SF?

>>10039593
its 7 euros @starbucks coffee

>>10039650
Is it speculation or is it mere demand ? That's the question.

>>10039657
It's 0.3 to 1€ in every café out there. If you are enough of a faggot to go to starbucks you deserve to be ripped off. Doubly so if you are a Parisien or Berliner.

>>10039415
I don't think we are gonna hit deflation. we'll get close though, the moment we get near 0-1% inflation, FRS will switch printing presses to 100% thus setting up hyperinflation.

>>10039556
In the next 10-20 years rich city centers will be walled off from pleb suburbs
the most likely is probably Paris

>>10039702

Can't remember the book, but some Sci-Fi shit painted exactly this scenario. Just remembered that it even was in future San Francisco lol. Walled cities for the ultra rich, including private military protection from the outside. Can definitely see that happen.

>>10039702
Paris is way too leftist, (((inclusive))) and pussyfied to do that.

>>10039708
The Sovereign Individual (not the book you're talking about, but the one you must read)
>>10039714
Increasing terrorist attacks and economic inequality as people without viable skills are left behind with automation and the rise of an intellectual elite will see to the emergence of a burgeoning and resentful underclass, which is already happening in capital cities around the world

>>10039677
this

>>10039714

They called the Eiffel tower. Eventually the ultra rich won't wanna deal with the sandniggers. And will just wall their communities off from the rest of the plebs.

>>10039730
>The Sovereign Individual (not the book you're talking about, but the one you must read)

That's the book which convinced me Crypto is here to stay. I have gifted at least 5 copies already, I got two with me right now. Crazy! Got any other book recommendations? The book I was talking about was Cumulus. Wouldn't really recommend, and it was in silicon valley, and yep walled cities etc. https://www.goodreads.com/book/show/29908112-cumulus

>>10039677
timestamped geolocalized pic of 30 cents coffee in Paris and I'll send you 1 ETH. average price in a Parisian coffee in a café is roughly 2.20 euros on average, with high variance upwards (up to 8-10 euros in fancy places) but going no lower than 1.50 euros. ANYWHERE in France the average coffee price is above 1 euro. fuck out of here with your pretend cosmopolitan bullshit if you can't even keep your lies straight

>>10039730
Again, culturally Paris is too retarded for that. Parisiens will litteraly let themselves be killed in droves in the name of leftism. City police has orders not to arrest niggers or muslims in Paris. Even health services have been ordered by the city not go check on ethnic restaurants because it would be racist.
All the sane ones are leaving this forsaken place. Paris lose 200k inhabitants every year to white flight, mostly going to Lyon and Bordeaux, more conservative cities where the police can actually arrest criminals.

>>10039792
>tfw in Lyon
>tfw 0.30€ coffee after lunch
Cocu de parisien

>>10039806
>lyon
>major european city

baise ta mère le pouilleux des champs

>>10040037
Desolé de ne pas vouloir vivre dans une fosse à merde, Abdul

>>10039795
>City police has orders not to arrest niggers or muslims in Paris. Even health services have been ordered by the city not go check on ethnic restaurants because it would be racist.

source? french language is ok

>>10040102
its a lie, immigrants snacks get raided like every restaurants and racism level in France is getting higher and higher every day, free speech is just inexistant now, so if you speak you lose your job

>>10039476
>big cities
Amsterdam is by no means a big city compared to other places in Europe but jesus man. 1000 euros per month in rent gets you a student room if you're lucky. In the really nice areas a parking space costs 100k-150k to buy. (prinsengracht for dutchfags)

>>10040438
to me, Amsterdam is a big city
Nice weed and hookers
Too bad Amsterdam inhabitants are even less polite than Parisians

>>10039411
no this is economic evolution, time has progressed, to be living these days, just reasonably, you need to be a millionaire, and theres actually nothing wrong with that, it just means our society is becoming more wealthy (because its also true theres a growing number of millionaires)

>>10040459
All dutch people are impolite as FUCK. We call ourselves ''direct'' but it's basically an excuse to be rude to everyone

>>10039642
>Blaming Trump and manufacturing for what is occuring in SF
I wonder if people like you are actually sentient or not sometimes.

Sage

>>10039411
I am in sf with 7 figs and barely making it

>>10040472
>our society is becoming more wealthy
The problem is that for 99% of people that wealth isn't been seen by them. Society isn't becoming more wealthy, a few hundred thousand people at the top are while they bleed money from the bottom.

Every commie on this thread is getting Doxxed

>>10041664

That's depressing man. Why can't you just move elsewhere?

>>10039593
3 euro for a coffee is cheap and I'm from London

>>10039795
Is Bordeaux nice? If I make it, I would like to buy a house with a vineyard there

>>10041889
amerimutts from Chicago dont know shit
At least, in Europe you can live with 800K/year, even in London

>>10041982
full of leftists

>>10039556
Most of the city is rent controlled. The working poor are still there or about 20 miles away

>>10039574
Tried explaining that to this annoying ass woman recently and wound up in a ridiculous argument about how she needs her "comforts"

>>10039411
Using a city that can't grow out and refuses to grow up isn't a good example.

>>10039708
Brazil already like that.