/biz/ - Business & Finance

Nope
All in link

>>11003748
Bitcoin, Monero and Gold

op, ive been having a bad feeling for a while now.. ready to short everything with leverage

If everything falls apart who cares about wealth. All you can do is pray and hope that you are strong, healthy, /fit/ and smart enough to survive.

>>11003776
So you do invest in Gold.
Wouldn't you only be doing that if you thought there was risk that would effect crypto, stocks, cash, etc?

>>11003801
I've been getting "prepared" since the election, but I've been aware of the economic uncertainty for almost a decade.

>>11003818
I work out at least a little each day and spend my summer vacations training in firearm and small unit tactics.
But if I can preserve my wealth, weather in bullets, beans, or bitcoin, I won't have to worry about people becoming violent.
The point is to not go Mad Max Mall Ninja fantasy.

So I guess long term investment and preparing for economic hard times isn't really a part of board culture then?

>>11003776
Missed the biggest one

>>11004587
So you would say Silver is a better investment than Gold?
Is that because it's less volatile or because it's easier to get rid of?

>>11003748
Basically everything is under attack-commodities are doing great, we are in an inflationary cycle but it’s hard to find an asset that keeps up-right now it’s buy stocks with a hair trigger sell button.

>>11004744
Commodities aren’t doing great I meant

>>11003748
I started preparing a few years ago for SHTF type shit (everything I could afford at the time). Now I own LINK, too. I'm unironically more prepared that 99.999% of the world's population.

>>11004744
But that still sounds like short term investment, even with knowing it's a house of cards.
And aren't commodities supposed to be a hedge against a stock market crash?

>>11004784
It’s not working out that way this time

>>11004806
Not to say ultimately that it won’t work that way

>>11004459
invest in human capital

>>11004776
What if the government clamps down or even outlaws crypto like they've done in Venezuela?
I know it doesn't sound likely, but most people wouldn't have believed that the government would order banks to make daily and weekly withdraw limits, which has happened in many places as well.

>>11004459
Why would you say this not everyone here flips shitcoins to make car payments

Of course a crash is coming, the main question is the severity and its overall nature

One thing I'm doing that most people here aren't is getting a second citizenship for optionality

>>11004872
We are a long ways away from that-70s style inflation would be more likely.

>>11004933
I dunno.
I think it's more likely that it all comes tumbling down than only some of it.

>>11003748
Sizable dollar figures certainly, but if you adjust for inflation, are they really the worst ever?

>>11004872
You just need to memorize 24 words and take an exotic vacation (assuming you're smart enough to keep your funds off of an exchange). Otherwise, that's why I invested in provisions first.

>>11004947
My thoughts are that everyone thinks that it will be 2008 because that’s what they’ve seen (could happen)-I think we could go a bunch of different ways. Could gonlike Australia and have Chinese buy up a shitload of real estate farms and open land ending up with permanently high housing prices and an inflationary cycle. There isn’t a clear direction just a sense(and data) of impending doom.

>>11003748
Don't worry. People panic too easily.
If you think the economy will collapse, then you'll be betting against professionals and the rich entities that have influence. They're not stupid. They have all of the information that you have access to, and they've thought of all that you've thought of, and it is literally their business to know when things go bad. I guarantee you almost no one on this board knows better than they do. People have been predicting a real crash for several years, but nothing happened. Don't waste disproportionate resources on something that's unlikely to happen soon.

>>11004865
I'm working on my BA and I've started gardening and have some decent and extensive firearms training. And I suppose that will help because I'm getting my degree in history and education. And they will need teachers everywhere and all the time. Plus I just really enjoy it.

>>11004974
Consumer debt and federal debt yes. Under FDR, the federal debt was the highest (with accounting for inflation) until about halfway through Obama's second term.
And unfunded liabilities is way higher.
And Trump/congress isn't exactly cutting back spending.
I don't know about corporate debt though.

But do you honestly think this will end? That anyone is going to fix this?
http://www.usdebtclock.org/

>>11004988
I wouldn't assume other countries would be better off in today's global market.

>>11005053
True, but if it were truly a global market crash then I am confident crypto would be a likely be king when all is said and done. Accountability would be needed so it never happens again (hopefully), and that's exactly what crypto does. If it's localized then a vacation with your recovery words is what's in order. I don't want to use my provisions, but I have them. That's better than most.

The economy is actually in a very good state. If you zoom out far enough you'll see that we're actually at the beginning of a long bull market.

>>11005047
But many high profile economists and traders have said there will be a crash. And many of them invest so that they make money off of them.
Corporations, like banks, love recessions because the Keynesians will bail them out while their competition and debtors go under.
Before 2008, there were thousands of banks in the US, now there are about three.
And no one actually fixed anything from 2008, they just pumped money into the economy like a fresh needle to a junkie. It's not sustainable. But they don't care, because they won't be holding the check.

The fact that "too big to fail" corporations, congress, and the fed know what's going on only makes me more worried.

Doing what I can, for now.
>apprenticing as a toolmaker & going to trade school
>small stack of silver that i would like to build up
>much bigger stack in crypto
>small but effective arsenal
long-term plan
>build up a sizable pantry
>buy some cheap land in the rural part of my state near a stream
>set up a machine shop there
>tend to a garden
>invest in increasingly cheap and more efficient off-grid energy solutions
>build up more barter agreements
I got out of the stock market completely last month, for better or worse. I made a nice 30% since September of last year. Currently buying up more crypto during this dip. I plan to shift to accumulating more PMs when crypto markets pick up again.

>>11004920
>getting a second citizenship for optionality

Please elaborate, is this better than a precious metals hedge?

>>11005122
I have never heard anyone say that. Even Janet Yellen all but said that we were due for a "market correction" ie a recession/depression.
I remember because she was talking about negative interest rates on Bloomberg and I wanted to punch my radio.

I think there's a lot of smoke and mirrors.
Like artificially low interest rates, and the illusion of wealth from three rounds of QE (which added more USD than the entire US history combined, btw), and expanded credit for things that only depreciate in value.

The top three bubbles in consumer debt is auto loans, credit card loans, and student loans. That's not real economic growth.

>>11003748
>I've dropped by a couple times to see if you guys are talking about economic collapse

Well, seeing as how crypto is going thru a great depression and normies aren't, normies might think we don't know what we're doing but we do.

The simple lesson of the crypto depression is sell everything at the top. So, if you really think the great depression is immanent, then fucking sell everything or don't ever say /biz/ never helped you

>>11005187
This also desu.

of shtf crypto will be useless. it pretty much requires internet to be useful and if shtf there may be no internet.

>>11005126
I guess I'm feeling generous today. I wrote another response to help you.
Yeah, that's my point- you think all the businessmen and investors have not thought of what you just talked about, and you somehow have some special insight that they don't? What's more likely, that you're under a misapprehension, or the professionals in the business?
Sure, people predict crashes all the time, but they're always a minority opinion, and only occasionally they're right.
I remember half a decade ago, my brother trying to convince my father to convert all of his USD into gold, because a "high profile" and "respected" economist warned that the US economy was on the brink of catastrophic collapse within the next few months from all sorts of warning signs like the overwhelming debt, etc. Of course, nothing happened. So silly and stupid.
>And no one actually fixed anything from 2008, they just pumped money into the economy like a fresh needle to a junkie.
https://en.wikipedia.org/wiki/Financial_crisis_of_2007%E2%80%932008#Government_responses

>>11005187
Buy low sell high. Got it.
>unless this is you trying to offload your crypto on me, you sneaky bastard

>>11005461
You got it wrong. Here we buy high and sell low

>>11005053

>And they will need teachers everywhere and all the time. Plus I just really enjoy it.

pffffffhhaahAHHHHAHAHHHHAAAAAHAHAHHAHAHAAAAHHAHAAAAAH

jesus fucking christ...seriously?
>surely i will find someone in the shambles off the economic collapse to (((TEACH))) me to survive!!
top fucking KEK

"Those who can, do; those who can't, teach."

>>11005187
>Great depression of crypto
Idk what the fuck you tards are on about. I'm still up 3x from last year. Greedy fucking impatient jews the lot of you.

>>11005384
I don't think you are understanding my point.
I know they've thought about what I just talked about. They know it's not sustainable. But they trade and buy and sell up until it all collapses and then fall back on the taxpayer to keep them going.
>"expand money supplies"
>"large fiscal stimulus packages"
>"(government) borrowing"
>"(government) spending"
>record low interest rates
>(federal reserve being a) lender-of-last-resort"
These aren't fixes to the economy. They are band aids on an arterial would so they can kick the can down the road.
What happens next time?
With they just do it all again?
Crash the dollar and the banks into the ground and send us all back to the 1800s?
And if the economy was fixed by this, why haven't they raised the interest rates? The fed hasn't even raised the rates to the point that they said we'd be at in '13.
5 years later they're still afraid.
Because they know once the free money goes away, so does the consumer spending. So does the investing. So does the job growth.
The house of cards will come tumbling down.

And I am in no way saying the rick/elite/1%/whomever don't know that.
It's the average person that doesn't seem to realize.

>>11005578
I never said I was going to teach anyone to survive.
The ability to relay information from one person to another effectively and identify why the information isn't being relayed is it's own skill.
And I am literally being a historian for my school work. As well as just everyday when I research topics I find interesting or important.
Maybe I could teach you some reading comprehension and critical thinking skills though.
And how to not use reddit spacing, moron.
>pic related

>>11005173
Um....I'm a usa citizen and picked up access to a Schengen area European citizenship through marriage

So I have the option of living in Europe when that goes through. Or not

It's not better or worse than a PM hedge, the two are probably robust to some different awful scenarios and some of the same awful scenarios.

Options are antifragile

>>11005929
You are choosing areas likely to have the same problems

>>11005639
I'm talking about the 10%, not the 1%. The 10% know better than you, and they're not panicking. They could be wrong, but your guess is not better than theirs.
>These aren't fixes to the economy. They are band aids on an arterial would so they can kick the can down the road.
You just read what you were looking for and ignored everything else. Congratulations, you'll fit right in /biz/. I'd link you more information, but I'm afraid you might do the same again.
What do you think Housing and Economic Recovery Act of 2008 and FHFA are? What is Dodd–Frank Wall Street Reform and Consumer Protection Act, aka "An Act to promote the financial stability of the United States by improving accountability and transparency in the financial system, to end "too big to fail", to protect the American taxpayer by ending bailouts, to protect consumers from abusive financial services practices, and for other purposes."?