/biz/ - Business & Finance

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>>10409852
I am going to scoop up a house on the cheap on this epic BTC bullrun.

>>10409852
>I have very little in liquid capital at hand.
You don't. The best you can hope for is to save and survive.

just wait; there will be good deals. lots of people are trying to sell

The Stock Market Collapse is going to be worse than 2008-2009

This is going to send BTC and altcoins to MARS

The Elite is going to throw everything upon Trump

>>10409912
>This is going to send BTC and altcoins to MARS

>>10409912
it's not please don't bet on that. just do your self a favour and short companies.

Sales went down because prices are too high, looks more like market equilibrium than a crash to me.

There will be a lot of cheap forclosed homes. If you have the backing to pay for the property tax and can wait for the market out. You will have loads of property to sell. Of course, no one knows how long this market crash will last.

The end is near.

>>10409852

LMAO!

It's right in the title.... southern California...place is a immigrant over run shithole, no one wants to live there...when they have to close beaches after it rains because so many needles wash on shore you know it's time to move...look at Texas and Oregon... getting overrun by Californians, not enough housing in the surrounding areas for the California Exodus

>>10410012
an equilibrium in this market will cause a crash.

>>10409852
desu wont affect rest of the country

>>10409852

>housing warning
>housing crash
>full scale panic
>stock market crashes
>mad max 3
>everyone starves on the streets

I am so erect

>>10409912
>poorfags have no money to dump into crypto
>richfags would rather reinvest into something more stable until its over to go back in
market crashes we all crash

No crash here in SD. Prices are still going up.

- Licensed CA Realtor

Just read the article. The nimber of homes sold has gone down. Can confirm little inventory here in SD. Driving prices up.

do the opposite

>>10410325
I guarantee you eat those words by October. Capped

>>10410372

Something has to happen since it is so unaffordable here. I don't see a ceash but maybe a slight correction. That all goes out the window if the stock market shits the bed or we get into a war.

>he isn't selling his house, going all in btc, then rebuying after btc bullrun and simultaneous housing crash

Never gonna make it

>>10409912
If the market crashes most people will be rushing to sell their bitcoin, probably at a discount, in order to cash out more quickly for bills or investment opportunities.

Imagine if the ETF passed but the market had already imploded-how much institutional/personal money would there be afterwards dedicated towards crypto investment?

>>10409885
>70% down since ATH
Let's talk once we recovered

>>10410440
>cashing out in a financial crisis
Only ones who will do that are newfags in crypto, the rest of us remember how crypto began and are wary of another Greece style haircut.

>>10409852
I don't believe this is the start of a crash. Just because people are buying less expensive houses doesn't mean the entire market crashes. It just means the sellers need to lower the price to sell the house or sit on the house.

>>10410499
Fucking brainlet

>>10409912
>This is going to send BTC and altcoins to MARS
Not while you still can't buy most things with BTC. Even gold and the like don't prosper during economic downturns, they just don't fall as far as other markets. People go for fiat because nobody expects a complete economic collapse and they want money they can spend, even if it's not the wisest long term decision.

>>10410495
That's what I mean though.
Most people who will be coming in through ETF's will be crypto newfags. You think if things go to shit people are going to ask their financial managers to go big on BTC to ride out a crisis? Remember boomers still have a majority of the wealth in the country and anyone 30-55 (maybe 60) with cash is going to pick up over-leveraged properties for cheap and sit on them until the market eventually recovers which is generally about 10 year or so.

>>10410416
Question for you. Do higher end properties (not price but actual quality) fall as hard (relative/absolute) during housing downturns?

Did anyone bother to read the article? They are saying home sales volume decreased, but that was mainly due to supply constrictions. Prices of homes actually increased. I hope it does crash though so I can finally afford to buy something here in the bay area. A 650sqft house with no backyard costs 1.1M here.

>>10410717

No chance. I grew up in Palo Alto and remember when single family homes were 600-700k back in 2000-2005 period that are now 3-4 million. Thank god my parents own 2 houses. I don’t think I could buy one even if I am partner at a VC firm now.

>>10410665
It'll go down a bit but not crash all that far. Elder whales will have the majority of bitcoin for the foreseeable future, not institutions.

>>10410898
Not after the government steps in to “stabilize” bitcoins.

>>10410717
Where are you looking? North Bay has plenty of somewhat affordable homes (at least past Marin). It can be kind of boring depending on what you're into, but you can get still single family homes for $500k-$700k--the post-fire mania seems to have subsided so it's not being bidded over by $200k anymore, rents relaxed, etc. Might be some lots too if you're the building type.

>>10410763
Agreed. Parents paid ~$650k and it's something like $1.8m now? Grandparents did even better- $40k in the 1950s and it's now pushing $3.6m or something. Tons of Chinese buyers in the neighborhood too, people are even listing the ending prices in 8's to attract them.

>>10410060
Yes, there are good places like where I live, but you need about a million to buy a real house. I will definitely be moving when I find a hot blond to settle down with.

>>10410935
>governments attempting to step in to "stabilize" bitcoin
Are you stupid? That would just remind everyone even more of Greece. They can't successfully seize what's in private wallets.

Wow about time

>>10410963
>5k salary back then...now 100k plus salary.
Mhm

>>10411057
nothing personal, kid

>>10410060
Too fucking true, anon. Califucktards, please stop moving to Austin, Tx. We're too laid back for your inflated egotistic self righteous megalomania. Try Dallas instead.

>>10411120
it's not going to stop
sorry anon, just warning you

>Market crashes
>people panic
>see that Bitcoin and Alts are all steady
>people want to protect there money
>They pour it into crypto
>we hit 500k per BTC
BOYS WE FUCKING DID IT. WE FUCKING DID. THIS IS IT. SCREEN CAP THIS. THIS IS FUCKING IT.

>>10411120
Can I just buy houses and turn them into airbnb rentals then Anon?

>>10411116
Realistically, how can the government regulate BTC into oblivion?

>>10410346
>The supply of homes for sale increased annually in June for the first time in three years, according to the National Association of Realtors, but sales fell for the third straight month.
yeah, maybe you should read the fucking article yourself

>>10411197
why not just buy gold?

>>10409852
I'm going to wait for the crash to take place, then when I feel like it's gone far enough in the crash, I'll wait a little more because the Bogs are gonna rek normies that are trying to capitalize off the first major sign of relief.
This will be worse, but the stock crash wont last as long. That's what my gut says, because a lot of people have been saying they're waiting for the next crash.

>>10411295
Aren't you already doing that? Buying 4 houses in Texas with the cash from selling 1 in Cali...then leasing them out at above average rent so only the ass-hats from New York can afford it when they move here turning Austin into this sociopathic den of spoiled hipsters.

>>10409933
Das rite, we goin to za sky n' shieet.

maybe no one wants to live in so cal anymore with all the niggers and spics?

>>10410440
>>ETF passed
>>Thinks the timing for approval of BTC ETF's is not manippulated as well by the goverment.

Kek

>>10410440
BTC was created because conventional markets crashed, you dumb summer f@g

>>10411057
they can and have seized private wallets.
Say goodbye to your meme money. Stupid cuck

>>10411057
>implying the federal reserve won't replace tether in regards to printing currency to buy bitcoin with

>>10409852
you doomfags just display your lack of understanding of the global economy and what actually caused 2008 with threads like this

go back to first year first semester economics 101 class

>>10409885


This. Feels like I'm cheating life.

>>10409912
This

>>10411116
>a silk road account is a private wallet
How do you manage to walk and breathe at the same time?

>>10411295
>Realistically, how can the government regulate BTC into oblivion?

Who cares? Demand and supply. If nobody accepts crypto as a payment methode, then for what exact reason would you need that whole shit crypto hype?

Private blockchains are already developed by the big enterprises themselves. No need for your shitcoin turtle projects.

Please crash, i would love to buy an apartment in NY, maybe Miami or even LA.

>>10410522
this. fucking this

Explain this to a retarded person. If the housing market crashes doesn’t that mean I can get a cheap house? Or does it fuck with other stuff such as making other goods more expensive, lower wages, less houses on the market etc.

>>10412123
Only if they have access to the private keys or the seed to recover them, though. If someone was doing some sort of illicit shit, they would be stupid to keep either of these at their residence. Instead, put most of it in a cold store wallet, then bury the keys in the woods in a cache or something, for retrieval when you need to cash out when the heat is low.

>>10413902

If you have a lot of cash liquid, then yes.

Everything contracts (except certain commodities).

Businesses that don't run on sales, but potential, crater. People lose their jobs, which means they can't afford to buy shit, pay their bills, they lose their homes, etc.

If all you're capital is leveraged in assets, then you need to time the market and be able to determine if it's just a small correction, or the big one.

>>10409912
>and altcoins

>>10410522
>Not while you still can't buy most things with BTC
But you can.

>People go for fiat because nobody expects a complete economic collapse and they want money they can spend, even if it's not the wisest long term decision.

Because they are the retards that get their ass bailed out

>>10409912
Thinking he does not count with that already
What is trumpcoin?

>>10412123
>they can seize an electrum seed stored in your head worth $billions

>>10409852
>screen cap this
The crash will only affect the coastal areas that benefited from the Obama recovery.

>>10410665
ETFs, Futures and other government nonsense doesn't matter. You only matter in as much as you are holding BTC. Coping mongs are still using fiat (a defact clusterfuck of unpayable debt) to value BTC.

>>10412040
Unironically this. Living next to wetbacks with their loud music and 50 kids to a 1 bdr apt makes me want to blow my brains out

>>10414068
gimme dem keys.

>>10414053
>But you can
But why would you?
Isn't that like using stock to buy groceries? Why would I exchange a piece of something I feel is going to rise, rather than fiat, which I feel will decrease in value?

>>10410325
>please buy this used house sir

>>10409852
yeah we are late-cycle. crash or recession is coming. all hard data is showing shit signs also, in US and EU (even china is slowing) so yeah that was fun while it lasted 1 year of growth, great system. now back to 5-10 of misery (for some) because central banks can't save you this time

>>10411116
>2nd American Civil War breaks out
>Lose/Lose/Lose situation for FEDs

Nothing personal.

>>10414263
GB and GV doesn't even wanna save ppl anymore
>Bail-in
Fun time is ahead, lock your gains in and enjoy the party

>>10411120
Carpet Beggars are heading out of California - they're not real Californians.

Californians are rooted plants that never leave - these faggots were in New York or the North-West before ruining my state - now they're heading your way.

My dads side arrived in 1602 and my moms side in the 1880's - I'm not leaving.

>>10410060
I live in Texas. Californians please leave, you're causing everything to be more expensive. I just want to enjoy my state :(

>>10409852
>wanting a house surrounded by Mexicans
No thanks.

>>10414095
btc doesnt scale and LN wont work.

>>10414263
good. the market needs to correct. theres no reason why a 1 bedroom cuckshed should cost $100k.

>>10409852
Turns out nobody wants to continue paying out the ass to live among Mexicans.

>>10414835
Irrelevant for a reserve currency.

>>10411350
b-but it's d-digital gold. They said digital gold. Gold is gold r-right?

Once the market corrects, RE prices falls it won't be the americans buying houses up. The Chinese and indians will start buying it all up at discounted prices.

>>10410060
>>10411120
>>10414346

>Samefag/shill detected

Go homu, paid shills

>>10415244

enjoy what time you have left, anon...

>>10415429
Go to bed, Roger.

>>10414234
Exactly, you use shitty money to buy things, good money to store value.

>>10411350
Because you will get stopped on every border you tried to cross while carrying it.

>>10415244
Ok sir that will be 0.003 btc
>sure judt let me send that to you
Uh oh. Looks like the memepool is backed up. Guess youll have to wait a month for this tx to clear.

>>10415527
Ans this will be the reason why bitcoin will never be used as a currency.

>>10415556
It will via second layer solutions. I couldn't care less if it doesn't tho. $21 trillion marketcap due $21 trillion default on unpayable fiat cluterfuck will happen with or without tyrone buying KFC with BTC.

>>10416336
The debt will be forgiven. China is already investing all of their money into the US. They know whats coming. Start listening to more peter zeihan and less alex jones.

>>10410060
these Californian fuck heads have completely ruined Oregon in the last 5 years. They should be sent to Venezuela where they can fit in with their commie loving brethren. Fuck em all

SoCal real estate agent here
Southern California SFH’s are selling like crazy.
Zero signs of slowing down or a crash. You guys thinking that are fucking morons.

>>10414095
FIAT is backed by the US army and nuclear weapons, btc is backed by... chinese graphic card factories that spew code for no useful reason

>>10415539
Gold chains, son

>>10411120
Its not just Austin, basically every state has a problem with cancerous CA faggots. Colorado has been ruined by them. They leave their state because they turned it to shit, but then they do the exact same thing to wherever they move to. Fucking retards.

>>10409852
All cash chinks will be there to scoop up this "crash"

all these poor fags complaining about getting gentrified out of their neighborhoods. lol

>>10411350
Asteroid mining is priced in. We need unimpeachable virtual scarcity to store value against inflation. Art and BTC.

>>10412418
aka ripple?

>>10417127
Good luck.

>>10417101
>muh army
>muh nukes

>>10416400
>The debt will be forgiven
KEK. That's not how the world works. Start listening to more Martin Armstrong and less literally whos.

>>10409852
about fucking time chinks dump housing in CA
>CA tax payer

>>10418472
lol we have the most powerful military in the history of the world and we have all the resources too. you think we give a fuck about that debt.

>>10418472
This guy?

>In 1999, Japanese fraud investigators accused Armstrong of collecting money from Japanese investors, improperly commingling these funds with funds from other investors, and using the fresh money to cover losses he had incurred while trading. US prosecutors called it a $3 billion Ponzi scheme.
>Allegedly assisting Armstrong in his scheme was the Republic New York Corporation, which produced false account statements to reassure Armstrong's investors. In 2001, the bank agreed to pay US$606 million as restitution for its part in the scandal.
>Armstrong was indicted in 1999, and was ordered by Judge Richard Owen to turn over $15 million in gold bars and antiquities bought with the fund's money; the list included bronze helmets and a bust of Julius Caesar. Armstrong produced some of the items, but claimed the others were not in his possession; this led to several contempt of court charges.
>Armstrong was jailed for seven years under contempt of court, until Armstrong reached a plea agreement with federal prosecutors. Armstrong admitted to deceiving corporate investors and improperly commingling client funds in a case that prosecutors said resulted in commodities losses of more than $700 million. >Armstrong was then sentenced to five years in prison. He was released from Federal custody on September 2, 2011, after serving a total of 11 years in jail.

>>10418786
There is no "we". The USD is fucked, irrespective of your opinion or what you think you have. The elite (council of 13) need a neutral asset, and Bitcoin is the schelling point, as it is the closest to Jonh Nash's Ideal Money. You are betting against the highest IQ's by not owning BTC.

>>10418798
He is wrong in many fields but he is right in regards to how USD is fucked, so yes.

>>10417094
kek must be your first rodeo
>muh new paradigm

>>10414068
>

>>10410963
$400K minimum for 2/1 absolute junk out here in Martinez. That's only $1800/mo if you put down $100K. No way I'm touching this market out here, other than "muh weather" the quality of life is garbage in California.

>>10419999
>quads
Yeah, 100% sure I'm ditching this meme state now.

>>10417094
>zero signs of crashing this untenable situation
Just keep fueling the FOMO, salesdouche. And enjoy paying $1200/hr for a plumber in a few years.

Home sales are slowing. Big name corporations are missing forecasts. This is after the government decides to print a trillion dollars a year, mostly to the 1%. Its so painfully obvious what they are doing. They are cashing out and buying w/e then can while fiat currencies have any value whatsoever.

This crash may be worse than 2008 but it won't be deflationary like 2008. It will totally different. Stocks and home prices won't fall, they will probably still go up. Because smart money is trying to get the fuck out of fiat. Prices of consumer goods are going to skyrocket. Food especially is going to skyrocket when the government can subsidize it after the dollar weakens. The bottom 90% poorfags, their wages might finally go up but they will be poorer then they have ever been before.

>>10410060
Background on the needles story ?

>>10415546

Global reserve currency nigger. Either gold or Bitcoin, and Bitcoin is easier to transfer.

Globalists want a one world currency so nation states cant go full nazi hitler in 30'ies or present day usa again and have the capacity to cheatcode themselves out of the global financial system. Debtslaves for bitcoin eternal. And we are the martini lords.

>>10416400

Debt will be forgiven yes. But not before a hard reset and crash, which is our phat profit window to aquire hard asset with SOME of our btc's

It's just a correction. The housing market won't crash until people start missing mortgage payments.

>>10420139
you're not taking into account the deflationary collapse of most asset classes that's going to be caused by the demographic shift when boomers die and their estates get sold off

>>10419776
Only baldcels are at risk.

>>10420297
>>10420325
Finally someone else beside me posting in here understanding the game theory at play. Maybe there's hope.

But most likely they will all end up with BTC, selling for whatever the fuck scam along the way.

If we crash china crashes too. Their debt situation already looks bubbly, and if US credit fueled demand drops they crash out due to export based economy.

That said we need to stop those fuckheads from investing in residential real estate.

>>10414835

We don't need poor people to be able to shop at Wal Mart with BTC. We just need it to securely store value and be able to transmit that value (generally large sums of money - only people who need to fuck with BTC have the money to need to diversify into multiple asset classes like metals, securities, real estate, Bitcoin).

the electronic cash meme is retarded; high coin turnover doesn't even help the price. poorfags buying coffee with BTC doesn't cause it to moon; Shiek Al Bin AZIZ buying 100 million BTC as a hedge does.

>>10414872

haha you wish you could get a 1 bedroom cuckshed in California. Here in the bay area that will cost you 1 million at the absolute minimum (or $2,500-$3,000 a month rent min)

>>10420297
>>10420325
Finally someone else beside me posting in here understanding the game theory at play. Maybe there's hope.

But most likely they will all end up with 0 BTC, selling for whatever the fuck scam along the way.

>>10420952
>the electronic cash meme is retarded
but its the future of money

>>10413823
>private blockchains

>>10409888
When do you think the housing prices will drop? I'm renting right now and my lease is up in January 2019. We were thinking about buying but hesitant because it seems like a lot areas are inflated.

>>10420952
without utility it has no value. and just being a glorified western union replacement isn't going to give it that much value.

>>10410060
I live in Vegas. We've been suffering from the Cali Exodus for the past 10-15 years. Housing going up so much I'm moving to the Midwest the moment I get the chance.

>>10410060
I wanted to move out to Austin or Colorado from the Midwest but I'm realizing it would be too expensive because those two places are already overrun with Californians.

Feels bad.

>>10417101
The problem son is that if the US uses those nukes then the dollar is worthless in a post apocalyptic wasteland.

>>10415539
>what is gold up the bunghole.

The US, and to a lesser extent all economies have been literally energized by low oil prices in the wake of the 2014 cruse collapse, there is a year dealy +- a few months before the effect is seen, crude started going up about a year ago now the economic effect is slowing down

When the oil hypercrisis begins(2020) expect oil to reach anywhere from $120/barrel to $400/barrel depending on how central banks support the economy, after that expect economic collapse and human population correction of up to 95%

>>10421209
This is also why Donald Trump is appeasing the Saudis(his Iran spaz attack) so they can pump more oil to keep prices low to prevent economic collapse, unfortunately everybody is already maxed out in production OPEC can MAYBE get a 0.5-1million bpd production increase

>>10421209
the only reason for oil to hit those is prices is a dethroning of the petro dollar coupled with commodity hoarding

>>10421209
>feeling like its smart because it discovered the peak oil meme that has been going around for 50 years
It doesnt matter how many times they change the graphs it aint happening in our lifetime

>>10421130

who said it doesn't have utility?

It doesn't need to be viable for microtransactions to have utility.

I play poker and use to transfer money places and p2p all the time. It has utility right now.

>>10421312
it wont function if a lot of people start using it again. not without a block size increase. LN is a joke.

>>10413902
poor people get fucked and rich people get richer

basically

>>10421209
Well, time for fusion power then.

>>10421243

we have like 200billion barells in the permenian (texas) that can be extracted profitably with crude under $40 barrel using modern fracking techniques. The USA is about to be self sufficient when it comes to oil and energy. There is no crises coming.

Prices dropped in 2014 because the Saudis wanted to stop tar sand productions and kill other competing projects. They ended their role as the world's swing producer and just put out as much as they could crashing the prices rather than regulating supply to maintain a bottom price threshold as they had in the past.

Everyone is moving away from California because of taxes, Jesus everyone here jut wants everything to collapse. Fixing piece of shit permabears like peter schif. You people have been wrong sine 2008. Shut the fuck up and worry about providing value instead of praying for crash just because you can’t make money.

>>10417094

SoCal resident here. shit's sitting on the market because every seller is asking 15% more than last year.

>>10421398
they are trying to spook the dumb money into crypto. the smart money is already out and it ain't coming back.

>>10421376
Everything in your post is false

America produces 11 million bpd, they consume 18 million bpd, they are dependent on 7 million bpd of imports, this is easily proven by 30 seconds on google, american energy independence is a meme created by the media.

10 years ago SA was pumping out ~10 million bpd, today they are pumping ~10 million bpd

10 years ago America was pumping ~5 million bpd, today they are pumping ~11 million bpd

They added 6 million bpd to the market then blamed the crash on the Saudi's pumping too much oil

Oil is not being extracted profitably in America, oil companies there have lost 500 billion since 2008 even when oil prices were high 2010-2014, this is easily confirmed by reading the company finances

You simply need to look at the numbers instead of believing CNBC memes

>>10409912
I don't think crypto is going to do well but I agree we are in 10x a worse position than we were in 2007.

I just wanted to add that I recently stopped by hometown ('gold coast' CT), and 400+ houses in a town of <16k are for sale, shit's fucked, crash inbound.

>>10421327
It functions, at any rate, if you pay the corresponding fee.

Also "peak usage" was exchanges not implementing batch transaction + jihan + roger spamming.

>>10421398

providing value isn't worth it when home price inflation leaves u in the dust. brb developing software for $140k/yr ... oh wait, that buys you absolutely nothing in california. of fucking course every productive person is praying for a crash.

>>10420352
This shit is a lot like 2008. I hear tons of ads for flipping house. My landlord owns 20 different properties and leverages them all. All it's gonna take is a little needle pop this bubble. Housing is parabolic in my area, but wages have been stagnant for a decade while the fed gives out money for free. This shit's gonna tank and Keynsian bailouts aren't on the table.

>>10421494
Whoa, sounds like you need 40 million low skilled immigrants in addition to the global 1% buying up every bit of real estate because money is now worthless

>>10409912
I know this is trolling but just to put in perspective how serious 2008 was and how scared people get in a truly economic shit hits the fan scenario:

After Bear or Lehman the demand fornUS treasuries was so great that the yield actually inverted....people were paying the US govt to take their money in exchange for bonds that they knew they were guaranteed to take a loss on because they were too afraid of putting their money into any bank and never seeing it again because they file for bankruptcy the next week.

So in a flight to safety, rush to the door, 2008 fear level situation, there can be no doubt in any rational persons mind every crypto will be taking a minimum 90% drop. There isnt a person in the world with a net worth of any significance at all that would send money to a fucking crypto exchange to buy your BTC when they wouldnt trust leaving their money in the hands of GS or JPM cause there worried even those guys will disappear with it

People should be looking at Canada for the next crash, not one small area of the US.

>>10421527
The government is 100% broke and will default on their debt because of boomer pensions and unfunded liabilities, this is true for all western countries, America, Japan, and the EU. The banking system passed "bail in" legislation after 2008 that allows them to rob their customers if they are in trouble, people are not going to have confidence in the banks. The only place to put it is in bitcoin(yes bitcoin, not shitcoins), they will buy BTC over the counter and bypass the exchanges. Eventually governments around the world will collapse and then as a last grip on power seek to unite and form a world government to control the decentralized nature of bitcoin, this will be the pretext to the NWO global government and the start of the end times as described in the book of revelations.

>>10421527
finally someone with actual intelligence.

THe Real Estate market may even out. Inventory has gone up cause people think they can get more for their homes then they think. But for those who a smart they know to cash out now. However inventory has gone up. So there are less buyers. I think the market will ADJUST...NOT CRASH.

>>10421625
>The government is 100% broke and will default on their debt because of boomer pensions and unfunded liabilities, this is true for all western countries, America, Japan, and the EU.

Right now in the US unemployment is as lowest as it has ever been. Tax revenue is likely close to the highest it has ever been.

And yet the US government continues to pile on loads of debt.
The next crash is really going to hurt the country bad.

I see cuts to social security and medicare and that is going to cause mass protests.

>>10421657
those numbers are fudged and now that people can't find jobs they are actually increasing now because once you file for unemployment assistance your magically counted again. the true number of unemployed is probably pretty spooky already.

>>10421685
I disagree plenty of places are hiring I see help wanted signs everywhere. The thing is those jobs cannot in any way support a family let alone yourself.

>>10421527
fair enough. so what would they do instead?

>>10421657
For every $1 in GDP society is adding $5 in debt

People will look at government debt and be like "oh WW2 was worse" but then you look at corporate debt and private debt and the debt to GDP is like 350% add in unfunded liabilities and it's 1100% or something absurd, THEN add in to that the demographics are garbage and all the young people are a bunch of broke losers with student debt and low skilled low wage jobs

>>10421657
>I see cuts to social security and medicare and that is going to cause mass protests.
Socialist, do you support the troops as well?

>>10421703
>I disagree plenty of places are hiring I see help wanted signs everywhere.
This just entirely depends on your location. If you are in Houston there are plenty of jobs, but not in Pittsburgh where I am. Me I am struggling to get a basic accounting job with a bachelors degree that pays $14/hr.

>>10421703
>i disagree
go check the last BLS report and see for yourself. unemployent is going back up.

So what do we do? All in BTC or sit in fiat?
I just got my first good job with a salary and don't know what to do.
Split my money half and half between crypto and usd savings?

>>10421724
Nothing will go in value. Just short and buy puts on what's at the heart of the problem

>>10421774
Do 50/50 atleast. If you are more risk loving then do 75% BTC/25% USD.

Facebook just had a 20% dip after hours. All other tech stocks are down after hours. I think it could be the beginning of this overheated market to start cooling.

>>10421764
Why stay in Pittsburgh then? I get you might not want to live where there are more opportunities available but there's no reason you can't get experience at a larger firm for 2 years and then leverage it into working somewhere you'd actually want to live.

>>10421896
Nah, tech is just being liquidated for FIRE. It'll slowly wash back and both will be higher with no money or value added. Like magic. This has happened before.

>>10421764
>pays $14/hr.
The fuck? Is that even enough to stay alive where you live? Are you sitting on a bag of cash while you search?

>>10420161
There no background to it. Anytime it rains heavy all of the beaches Ventura county and south will be closed for 72 hours or so. Depending on the beach you will see anything from needles, to diapers to construction debris, you name it. Do a quick google search you will find a lot.

>>10422006
I don't have the corporate experience to go anywhere.

>>10422029
>The fuck? Is that even enough to stay alive where you live? Are you sitting on a bag of cash while you search?
I did have a lot of cash (relatively), but it is wearing thin. In terms of is it enough money. Maybe, barely enough to move out in a cheaper area. Only downfall is the health insurance will kill me with the high deductible. I need expensive meds for a health condition. Not terribly expensive but around $400 a month.

>>10409912
Why would you want a bad economy for Bitcoin. Normies don't buy Bitcoin when they can't afford housing and healthcare. If the economy goes crypto goes with it.

>>10422454
Well shit, good luck to you. I'm in a tough spot as well. Got laid off recently, but the worse thing is that I have no ambition. It's like I hit a mid-life crisis already.

>>10421179

>Tfw kill and plunder to get resources to power our solar panel btc Mining factory

I will become the btc King of the wasteland, mark my words.

California market itself is just crazy overvalued dude

Prices nationally reflect a low supply, it isn’t 08

>>10421657
>Right now in the US unemployment is as lowest as it has ever been.

imagine being naive enough to believe this

>>10414311
>native Californian
>allows state to turn into streetshitting degeneracy encampment
>defends it
Turn that barrel inwards Cal.

>>10423924
Going by US numbers it is the lowest it has ever been. Now you can say the numbers are fake, but it still hit the lowest number ever according to the US government.

>>10411057
Exactly. They don't have the resources to handle that. Only the biggest whales will get fucked, while everyone else will make out alright.

>>10424029
>split job into 2 shitjobs
>unemployment rate goes down
>print money and buy stock
>stock go up

>>10409852
Thats because California is losing 100k people a year mostly high income earners.

>>10424407

Oh shit. The end of the SALT deduction means the Cali housing bubble finally pops. How to short this shit lol

>>10424440
CA is fucked, the rest of us aren't going to subsidize their high taxes anymore.

>>10420161
They give out free syringes to junkies, to prevent aids or whatever. Out of 400k given out only 260k were given back. Used needles are a common sight in san francisco. Theres even talk of opening spaces where it is safe to shoot up. Theyre retarded because they think making junkies safer is better than trying to get them help with their addiction. Theyre just enabling them

>>10422472
because it wont be normies with their $100 pocket change that push btc to the moon, it will be mr. shekelberg whos afraid his millions will be inflated away or simply taken from him by bail-ins.

>>10424029
look up data not on unemployment rate (because its faked and fudged), but on market participation of full time workers (i.e. how many people actually work full time).

>>10424524
>>10424407
>mostly high earners
Wrong. Mostly people below median income for the country let alone the state.

>>10424524
>CA is fucked, the rest of us aren't going to subsidize their high taxes anymore.

>subsidize their taxes
I don't think you know what that word means. Even with SALT California was a net contributor to federal funds.

>>10425409
>market participation of full time workers
My dude. Baby boomers are retiring. retired people are not part of the labor force. More people are going to college than before. Those people are not in the labor force.

Labor force participation rate is not the measure you are looking for.