/biz/ - Business & Finance

>>15116541

YES. FUCK YOU BOOMERS.

>>15116541
FIRE
https://www.youtube.com/watch?v=RLG1ys2CGcI

Imagine if DB crashes this week too

>>15116563
Fug china devaluation will also impact Europe seriously so it can happen.

>>15116563
BURN IT TO THE GROUND

2008 VIBES

FUCK JANNIES FUCK BOOMERS 1K EOY IS NOW FUD

>gentlemanpepe.avi

>>15116541
>violence escalating
>Gold, Silver, BTC mooning simultaneously

is this it anons? The start of greatest recession maybe ever

>>15116734
It does seems to be the start of something massive Trump will be cornered and devaluation will be his only option.

But it's a race for the bottom after that.

>>15116541
if Euro markets collapse today we are in for a shitstorm.

>>15116774
please explain anon. trump will dollar devaluation?

Does anyone know how much exposure DB has to china?

>>15116907
China and Mexico have been devaluating their currency as a result their citzens now can import less but their labor is cheaper relative to usd so they will export more.

What can Trump do with this crap?Only way to prevent them from doing this is devaluating the usd so now chinese citzens or mexican citzens earn the same than what they did before their currencies lost value.

But Trump has a country with 350m citzens and China 1200m , as a result he can't do that thing effectively.

China is trying to crash the economy with no survivors to get Trump out in the next elections and the only thing trump can do to prevent this is devaluating the usd(which he already did last week by bullying the fed to lower rates).

Now he is fucked , he devaluated the usd and china devaluated the yuan more.

>>15116952
There has to be more to this. There's absolutely no way that the Hong Kong situation is escalating like this at the same time by sheer coincidence.

>>15116952
what if the left's plan to devalue the currency by giving everyone free shit saves the economy

>>15116541
We will build it soon

>>15116997
It's probably all related tough i have no idea to be honest , hk for china is like a free trade zone for financial stuff semi independent to the chinese government.
So if china wants to devaluate hard they may need to crack down on possible exit gates from the chinese economy.
Maybe hk is one of them no idea tough.

>>15117003
That's the thing that has fucked the economy , since 1970 governments pumping the economy by printing money has fucked the west.
Making it directly instead of stimulating through public works would make things worse.

As the first people getting their gibs would be the first ones to buy and the last to get them would suffer the inflation.
Doing what you say would literally take us to clown world with negative interest rates.

>>15116933
Anyone got an answer to this?

>>15116541
I wish I bought those VIX calls last week

>>15117042
"As of January 1st 2019 DB credit exposure to markets were 303 billion(B) - Germany, 280 B - North America 250 B - Europe excluding Germany
98 B - Asia/Pacific
16 B - other

We can assume a large majority of that asian pacific is china so at least 70B, putting their total exposure to Chinese credit risk at about 6.5% of total.

>KOSDAQ down 8.8%

>>15117446

Brainlet here, why is the Chinese yuan becoming more expensive relative to the USD if it's being devalued? Does that mean the USD is being devalued as well?

>>15117574
>https://es.tradingview.com/symbols/USDCNH/
Never mind, I just realized this is the value of the USD in yuan.

>>15116553
COPE

>>15116952
>What can Trump do with this crap?Only way to prevent them from doing this is devaluating the usd so now chinese citzens or mexican citzens earn the same than what they did before their currencies lost value.
why not increase tariffs to cancel the effect of devaluation?

>>15117683
You can only cancel the effects relating to imports but your exports will still be fucked.

Bump

>>15116541
I hope you packed your bags anon

>>15116997
Hong Kong shows us that even chinkbugs can have free will and are ready to fight against the goverment to gain their rights. This got the mainland spooked, because the wrong think might spread over to mainland and once the angry billion chinks start marching and demanding rights China collapses under it's weight yet again. So what does mainland do? They make a new enemy to divert tje populations thoughts at, and USA fits the role damn well.

And I believe Bitcoin is going to dump hard if recession hits us in full force. As the poor shits who have 90% of their wealth tied into BTC realize they won't have enough money to buy food they'll start selling BTC en masse. This will only chain into others panic selling meaning BTC goes to around 3-4k, maybe even lower.

Same thing will happen to stocks as boomers sell index stocks like crazy, tanking the economy even more. And that's when the smart money buys the dip, be it stocks, crypto, funds, etc.

>>15118050
Under normal conditions you may be right but the halving makes btc recession proof until 2022.

Also selling btc for fiat will be an emergency meassure as fiat will be getting rekt hard.

>>15117064
Yup curve inverted. This should last at least a couple days. VIX backwardation secured.

is this the final proof that bitcoin will do very well during recessions?
digital gold is not just a meme

>>15118197
Only boomers tough otherwise , why would bitcoin do bad in recessions?

Governments devaluate in recessions , they been pulling that shit since breton woods ended.
Bitcoin having a fixed supply will pump when governments devaluate.

>>15118215
in the past bitcoin did follow the market trends, which is why some of us weren't sure. It's all over the place for me at least, so I'm not to worried after seeing this

>>15118423
imagine being not sure and feeling unsafe like this guy biz

why are you even wasting your time here with your 0. something portfolio

>>15118477
>weren't sure
>past tense

illiterate and not going to make it

>>15117742
The finished goods that China imports from the U.S. are necessary goods.
The materials that China imports from the U.S. are what they use to make the shit they reexport.

Sure, China can buy their aircraft from Airbus instead of Boeing. That's about it, though. They can buy basedbeans from Brazil, and then the U.S. can just sell its basedbeans to Brazil, net result zero.

>>15119134
>The finished goods that China imports from the U.S. are necessary goods.

They can import them from other places , the us on the other side it's a service economy mostly this days and agricultural products are massive exports.

China has orange man by the balls.

Any of you doubting the Citadel, just know it's already being built in Nevada. 86,000 acres of Citadel space. They better hurry up on the construction. You'll need a Bitcoin just to enter and live there, I hope you have your Bitcoins anons

>>15116541
>he doesn't know
All USA trade deals are paid in USD, we've started wars to keep the petrodollar agreements going. The entire endgame plan was to get these exact results.

>every other currency weak
>USD strong
>Countries have to pay us in USD equivalent
>Everyone is paying us more
It's not about imports/exports, that's for the normies. This is a national fight. It's about altering the World Debt.

>>15120433
>tfw
>it's real

>>15120433
>citadel

gunna need a quick 411 on this meme

>>15116541
>Bitcoin 20k EOW

whales already put sell orders @ 19.9k, as usual

>>15120772
will XRP moon pls say yes

>>15122237
Just buy BTC and be happy with a 1 year 100% return.

>>15120433
Xanadu! A monument to man!
It shall rival the antediluvian cities
No gods, no kings
Man shall truly rule at last