/biz/ - Business & Finance

how are you even surprised by this stuff at this point

BlackRock sells ETFs...

with BlackRock =/= in BlackRock

That's why I'm in bitcoin. I opted out of this phony, scam shit system. Made massive gains in stocks but this shit is over. Cash out at profit while you can and buy into Bitcoin. You are at their mercy playing this scam game, using this scam currency in this fake economy. Bitcoin is the only fair system. No one can inflate your savings to rob you to pay their buddies.

Oh my fucking God, this is worse than anything I imagined. I’ve been talking mad shit about this guy for months but I thought this motherfucker at least had a PhD in something. He’s as unqualified for this as Trump is for the Presidency. God help us all. We’re all fucked. This country is fucked.

Hey Faggots,

My name is Jerome, and I hate every single one of you. All of you are poor, retarded, degenerates who spend every second of their day looking at stupid ass charts. You are everything bad in the economy. Honestly, have any of you ever gotten any dividends? I mean, I guess it's fun making fun of people because of their gambling addictions on weekly options and chinese scam stocks, but you all take to a whole new level. This is even worse than buying BGFV at $9.50.

Don't be a stranger. Just hit me with your best shorts. I'm pretty much perfect. I am Chair of the Federal Reserve of the United States, and hand picked by President Trump. What investments do you make, other than "buying the LCI dip because of muh share structure and epic short squeeze"? I also get mad gains, and have a banging hot interest rate (I just did some rape hikes; Shit was SO crash). You are all faggots who should just liquidate your portfolios and apply for a job at McDonald's. Thanks for listening.

Pic Related: It's me and my FED Funds Rate.

>>19962826
>bitcoin, just losers drug dealers and retards on 4chan
>"phony system" largest military, tanks, a state, the power to stop memecoin fags dead in their tracks
The fiat system is better than your meme coins. Until you have McNukes to back up your perceived value, it's meaningless and really quite nothing compared to the world's most successful and strongest nation. Sorry faggot, MMT theorists win AGAIN.

>>19962866
thats shit is so cash brrr

>>19962882

Funny thing is the US economy would collapse in any scenario when it needed to actually use nukes. Complete false sense of security.

lolol
People complain about uniscams
But its no different than the (((real))) economy
TOP KEK

>>19962866

Based oldfag is based

>>19962866
based

>>19962882
You can’t nuke Bitcoins retard

>>19962732
How did he get 11m in the first place?

>>19962882
you know who else had tons of nukes? The Soviet Union

It's literally nothing. He has like 4 trusts with all sorts of funds in them. Blackrock runs huge diversified funds

>>19963215

Guy literally prints a billion dollars a second with zero oversight. Surprised he doesn't have more. Although he is likely just a puppet figure head.

>>19962866
Oh god I bought LCI

>>19962732
Why would anyone invest anything in the financial sector? Let alone the chairman of the fucking Fed. Let alone $11.6 million. I had like $5,000 in it, saw the writing on the wall, reversed my position, and it has been outperforming every other damn asset in my portfolio. It's the easiest short that exists. The fucking thing does not go up at all. I've never seen anything like it.

>>19963962

>Why would anyone invest anything in the financial sector

>>19962826
>plays China's meme game instead of the US's
I've got my life savings between btc eth and link but don't kid yourself it's all controlled by somebody

jpow has singlehandedly saved the economy, don’t hate

>>19962866
Based motherfucker.

Imagine being a stupid fucking poltard who thought trump would 'drain the swamp'. Most corrupt politician of all time

>>19963985
Exactly. I mean, buy the dip on really high quality stuff. Maybe some ETFs, but even then there's a point where you just have to say you got it wrong and the right move was to short. Bare minimum there's a point where you need to start hedging. If an asset feels "fat" and "heavy" it's probably fucked. Barring a functional divine intervention and short squeeze of legends, it's not going back up anytime soon. Whichever direction you pick on anything NEEDS to be easy money. If it doesn't feel easy, you're wrong.

>>19964064
at least he didn’t support ypg or invade Iran

>>19964072

Alisdair McCleod is predicting that there will be a bank crisis any day now. Says that this is reflected in the share prices, and that it is practically unavoidable. Banks don't have enough in assets to offset the loans that are going to go bad, along with the consequences of all the supply-chain disruptions. Anybody who invests in these things right now is mad.

https://www.youtube.com/watch?v=l9xeSOdr9Uc

>>19964104
I keep seeing guys saying the fed can never go bankrupt and just keep printing, but come on, I’ve been to a grocery store and big retail in the last 3 months, I’ve seen the shortages and the inflation, the small customer traffic, the shrinking parking lots, the economy is very, very sick and you can only paper over that so long.

>>19964646

The Fed is caught in a debt trap. If it does bail out the banks, the U. S. dollar becomes so worthless that yields will have to rise, thus causing a total collapse of the system. Nobody will want U. S. bonds any more. Of course, high inflation will also be required both to suppress yields, and so prop up the Everything Bubble, as well as to drop helicopter money on a population with what John Williams says now has 40% real unemployment. Hyperinflation to come by 2023 or 2024, in my opinion.

>>19962866

>>19962826
Sorry anon, the birth of tether fucked the cryptocurrency revolution. We are no better than the fed now.

>>19964756
But there’s gonna be deflation before the hyperinflation right? Because when they increase the yields it offsets the inflation we already have. Also can we have Jimmy Fallon for our next Fed Chair?

>>19964041
nah he prolonged the misery retard

>>19964756
agreed writing is on the wall. question is, when does the music stop? there's a lot to be made in the stock market bubble in the mean time

This is why the red states need to be culled. These redneck inbreds voted for Trump. Let the Second Wave begin!

>>19964849

Deflation is actually what is happening now, in the stock market crash which, owing to tapered liquidity, is now beginning again. High inflation in order to prop it back up will follow. Yields rising are, in fact, when the whole system collapses for good. The attempt to keep them down is what will cause the hyperinflation; thus hyperinflation precedes, and not follows, the rise in yields. It is the highest priority of the Fed to suppress yields. When they went to 3% in late 2018, stocks immediately crashed, and the Fed was forced to start Q. E. again. (Amusingly, they called this "Not Q. E.") The Everything Bubble is now so large that the slightest bit of risk-free return cannot not be allowed to exist alongside it. Additionally, the deficit is now so enormous that even a few percent in yields would cause every American social programme to collapse. Public schools, medicare, welfare, pensions--everything would disappear overnight.

>>19964849

Deflation is actually what is happening now, in the stock market crash which, owing to tapered liquidity, is now beginning again. High inflation in order to prop it back up will follow. Yields rising are, in fact, when the whole system collapses for good. The attempt to keep them down is what will cause the hyperinflation; thus hyperinflation precedes, and not follows, the rise in yields. It is the highest priority of the Fed to suppress yields. When they went to 3% in late 2018, stocks immediately crashed, and the Fed was forced to start Q. E. again. (Amusingly, they called this "Not Q. E.") The Everything Bubble is now so large that the slightest bit of risk-free return cannot be allowed to exist alongside it. Additionally, the deficit is now so enormous that even a few percent in yields would cause every American social programme to collapse. Public schools, medicare, welfare, pensions--everything would disappear overnight.

>>19965007
its all so tiresome

>>19964908
Red states never had a first wave, based retard

I know two people who even had this shit at all

>>19965007
so is hedging on pm's or crypto any salvation against this atrocity?

>>19965224

Coronavirus hoax was the cover for what was already an inevitable stock-market crash. Ron Paul, David Brady, Ray Dalio, Harry Dent, and others, predicted it would happen in early 2020. It would have been politically impossible to do 7 trillion in Q. E., and the tens of trillions more which are soon to follow, without these shutdowns as the excuse. The shutdowns will be also blamed for the already inevitable demise of the system. People will hate the politicians, but the politicians will at least have made themselves appear to be incompetent rather than evil. "We were only trying to save lives; we made a mistake and destroyed the economy in the process." That will be the lie they tell. When the truth is that it was their selfishness, want of principle, and greed, which made them re-inflate these asset-bubbles again and again.

>>19965306

Yes. Gold, silver, gold miners, and silver miners. You want to hold all of them. Crypto as a speculative bet involving 1-2% of your portfolio. As stocks are now beginning their second crash, PMs and miners are likely to crash along with them over the next month or two; but once the Fed turns the money-printer back on, buy all the PMs you can, because they are never going down again.

>>19962866
Fucking exceptional post.

>>19965365
don't park in front in from of my house when you are living in your car.

>>19965425
>Implying the police will enforce an eviction when the county and state can't pay their officers with anything but monopoly money.

>>19965365
which miner stocks do you like anon?

>>19965365
Thanks anon, bumping my silver holdings to 500 oz soon

>>19965438
From Pan Man's list on PMG

i`m on gold rn, crypto golden bull run will follow this atrocity, everything needs to burn first.

>>19965438

You can't go wrong with the GDX, GDXJ, SIL, SILJ indices, but to give a few specific stocks:

Gold large-caps:

Franco-Nevada
Newmont Mining
Wheaton Precious Metals

Gold mid-caps:

Yamana Gold
Northern Star Resources
Kinross Gold

Silver large-caps:

Newmont
Pan American Silver
SSR Mining

Silver mid-caps:

First Majestic
Fortuna Silver Mines
MAG Silver Corp

Bear in mind, as I say, that miners may go down in the short-term, so you may not want to buy everything immediately.

>>19962866
Cheers, oldfriend.

>>19965435
I'll admit it all seems doom and gloom when you are looking at the trees and not the forest, but in reality people at all times have been saying with the same or stronger conviction that 'now is the end of times, it's all over and going down for good' and in the long run things have gone nothing but up. to think that this time is different and in your time, which is a blip on the radar in the logn run, is the exception to the rule and you are smart enough to see it is not a bet im willing to make on myself

>>19965627
go bot post somewhere else

>>19963215
He worked for Goldman Sachs at one point.

>>19964030
Duck. Same.

i notice the brrr meme has died down

>>19965693
Bot or not it’s a correct true.

>>19962822
Underrated post

Also it wouldn't even really matter
Powell would not profit by giving a company he was invested in a bailout as much as he would just straightup insider trading as the Chairman of the Federal Reserve Bank of the United States motherfuckers

>>19962826
The crypto fad is over, dude. 2.5 years later and it still hasn't reached back $20k. BTC isn't a good store of value nor a good investment.

>>19963098
You can nuke the infrastructure that Bitcoin runs on.

>>19962866

>>19962866
>just realized I’m now an oldfag

Based pasta