/biz/ - Business & Finance

>>>/pol/

MMT

>>21748475
I feel like this whole ordeal is more a show of just how incredible modern industrial capacity is, more than anything else.
Consumers consuming and spending money is circulating enough money to keep everything propped up and producing goods which shows you can have everyone doing a lot less to maintain quality of life.
In fact, I hope this event wakes wageslaves up to the fact you don't have to work 40 hours a week or even 20 for that matter if they all just stopped working ironically enough.

>>21748495
Economics is not /pol/
It is /biz/
I am waiting on the sidelines for the markets to shit the bed so I can get in.
All the indicators point to a huge market crash but for some reason it's just not happening.
I just don't understand why.

>>21748679
We are in the biggest economic depression ever. Don't let the stock market valuation fool you, we are here only because central banks are printing money like crazy to prop up thoeses markets.

>>21748679
Why would stocks, especially US, crash?

>>21748475
an election year kek nothing more.
wait for 2021 kek

>>21748475
It will cause a cascade of rising prices but not immediately, it will take 6 months/a year for them to skyrocket just like stocks.

>>21748663
there has never been a better time to be a wagie, i make six figures and barely clock 15 hours of actual work while i wfh

>>21748835
>>21748802
I feel like a fusion of what these anons are saying is the truth.

>>21748858
That's what I mean. Modern day working conditions don't reflect modern day capacities.
At least working from home is going to be a lot more common from now on.

the only interesting topic on biz, and all the talked about is the next scam coin.

>>21748475
>>21748679
>Brainlet

have you not noticed the trillions of dollars the federal reserve is printing? All that money is going into the stock market dumb dumb.

The markets are priced in USD so if more is printed and funnelled into the markets of course they will go up.

A depression like the 1930's is virtually impossible since the bankers can just print more money to prop up the markets. Holding cash is retarded, you are better off holding either bitcoin, precious metals, real estate or stocks.

Try measuring the price of stocks in ounces of gold and see how that fairs for you. The USD is not a measure of value anymore.

>>21748475
Because money machine really does go brrr.

>I thought reckless money printing was supposed to cause a cascade of negative economic consequences.

It has, here is a copy pasta I made.

JP Morgan 'GOLD and SILVER is money, everything else is credit.'
Average Salaries in America priced in gold
average Salary 2020 america
$40000 / Price of gold USD 1,724.51 = 23. ounces of gold per year
Average wage 1920 america
$3,269.40 / Price of gold USD $20 = 163.47 ounces of gold per year

The Average America is only paid in gold 14% of what they were paid in 1920,
A 86% decrease in real salary.

If American's were paid as much gold as they were in 1920
The average salary would be $282803.1 USD per year.

Tell me again the benefits of a fiat monetary system?

The way things are going soon in order for the average goy to buy a house they are going to have to work 30-50 years paying off their mortgages.

A collapse of this evil system is the best case scenairo however what is more likely is a slow, drawn out decline into stagnation whilst the jewish central bankers take all our assets and sell our our countries and ethnically replace us with the brown hordes.

>>21748802
Will the markets drop any time soon though? I sold before the covid drop and bought back in near the bottom. Thinking I should sell again now and buy back in during the next dip, but unsure if we have further upwards movement to come before the dip.

>>21748475
Pic is the economy rn. All you can do is to accelerate and eventually you will crash and burn. It's pretty kino desu.

>>21748828
Ever heard of the federal reserve. It’s all inflated. It’s all fake paper wealth. Prices and cost of living skyrocketing. If you don’t own real wealth (gold and silver) before it collapses you will lose all your wealth in fake paper.

Gold is money.

Dollars are currency

If you don’t have money backing the currency this is what happens. Inflated prices and everyone becoming poorer. 20$ used to be a good weekly salary 100 years ago. Today 20$ doesn’t even buy you two jimmy johns sandwiches.

Jews

>>21749223
Wouldn't that also write off all our debt? So if someone has multiple houses/mortgages, wouldn't the collapse of paper wealth be a good thing?

>>21749306
Yes. The play right now is to get into as much debt as you can afford to maintain and buy income producing assets. Then you can put the profits into gold, silver and bitcoin.

>>21748663
I just can't believe this is sustainable in the long term.

>>21748802
>>21748835
These are likely the truth.
I guess the Trump administration is pulling all the stops to keep the economy safe so they can get 1 more term.
The wisest option is to wait until 2021. I will do that.

>>21749166
At some point we need to jump off the bus with a young Sandra Bullock before it crashes and explodes. Determining when that is, however, is the issue. I've begun transitioning everything I hold into metals and plan on being fully separated from stocks by the end of September. The October surprise this year may very well be another stock market black swan. Usually it's directed at a candidate, but Trump is bulletproof with the character attacks from the left, and Biden is a well known scumbag in his own right. The biggest victory Trump has had has been the market, and even the corona hoax couldn't completely destroy it for him. It's hanging on by a thread, so it's not outside the realm of possibility for another MSM/DNC coordinated attack on your portfolio to incite enough fear where normies will vote for Biden.

Tl;dr version: start stacking metals. If you can't afford gold, silver is perfectly fine.

>>21748679
>Economics is not /pol/
>t. eco major trying to rationalize wasting 6 years doing esoteric with math

the economy is the bitch of politics in socialist liberal societies as dictatorships

>>21749010
>A depression like the 1930's is virtually impossible since the bankers can just print more money to prop up the markets.
But you can't just do that forever, consequence free right?
It has to crash at some point.

>>21748837
I will just continue waiting then.

>>21749163

Do you know what happen when a country print his way out of his debt ? To find it out, look at the caracas stock exchange stock index. You'll see.
Protip: you won't be richer investing in stocks. You'll lost purchasing power even if your portfolio have a astronomic nominal increase.
Personnaly I took a loan last year to buy physical gold & silver bullion + some miners stock. I bought canned food too.
It was a good decision.

>>21749540
as long as politics can sell it to the majority or just act authoritarian, ofc it can.
That's why should go back to >>>/pol/

>>21749433
Going by your logic, gold and silver should get dumped hard right after the elections precisely because everyone thinking the same thing as you.
It should be well overvalued right now but you should sell before elections and buy the dump.

>>21749433
When gold goes 10x BTC goes 100x. Metals and oil and shit is cool but why bother when you can into bitcoin.

Also worth remembering is 70s were riddled with pressures on the system but dollar is still here. 2020 is not as bad as people would want it to be.

>>21748475
Retard that piggy trump ordered to print shitload of money wait until the election results come in. And we all know it. Buy a flight ticket to Asia while you can or die inside your stinky trailer next year

>>21749581
>as long as politics can sell it to the majority or just act authoritarian, ofc it can.
But that didn't work in Venezuela for example?

>>21748475
>What the fuck is propping up the dollar
Debt.

>>21748475
Because stocks (And other comodties) don't always follow the reaility of the lower classes (so like 50% of USA population)

As other people pointing out, wagies only exist so that they can do ridiculous jobs and be paid to exist. Nothing more, their contribution is actually minimal.

It's only a problem when the banks or FEDs collapse.

Poor people don't matter very much basically. Feds are not concerned about wagie unemployment, they just dont' want to kill 100,000's since that cause civil unrest of course.

>>21749643
what are you talking dumb fuck? Venezuela might go through turbulent times, but is it dead? No because it can still sell its shit to enough loyalists and is able to act authoritarian, not even mild outside pressure has ended the regime or even brought it close to its end.

Last time >>>/pol/ you annoying kid

>>21749397
I own a bit of everything at the moment. Mixed between cash, property, crypto, silver and stocks. What %'s do people normally recommend? At the moment I would be Property - 31%, Cash - 12%, Crypto - 33%, Gold/Silver - 12%, Stocks - 12%.
My total debt still owing on the property would be approx 1.3x my net worth (not including the total property value, only the equity).
I like to keep at least 18 months worth of mortgage payments on hand in cash in case I lose my tenants or job.
How does everyone else allocate their holdings?

>>21749705
why are you such a seething shit colored retard? Is it because you're not even a human being?

Buy gold bullion can be useful to trown in your neighbour head when civil War starts.

By the way, I thought the whole FED scheme was lending money instead of straight up giving away free money.
That would mean this inflation would only be temporary.

>>21749664
>>21748828
I am no expert but my chain of logic is this:
Pandemic causes job loss
Middle class and lower people need money for their expenses so they start pulling out their investments in speculative assets such as stocks or crypto
The rich realise this is going on or predict it and pull out their money
Everything crashes and the rich buy in at cheap prices
Shouldn't this be happening now?

>>21749433
>they put a halfway based character on TV and the worst they can do to trash him is give him a stupid giggle

I don't' have any debt, personally the way Gold/Silver acted last crash. Of course, it has ramped up right now, but that's almost mirrored the stock increase.

Because cash is such a bad holding, I feel like all assets types you can buy out on a market (perhaps other than physical property, since many have been physically blocked from buying properties due to lockdown.) All assets are inflated, its just deciding which one is more.

The printer goes brrrrr, technically with more money in circulation, assets in context are not inflated instead are matching the amount buying power downwards pressure thats being applied.

But who fucking knows, am I fuck selling all my holdings for worthless fiat with a hope of market selling. In essence that is shorting... Hoping it will crash, I expect at least a correction though soon.

Because every retarded country is printing unlimited money rn, however that just delays the inevitable and ultimately devalues fiat currency. It's a perfect time to be in crypto.

>>21749847
I think that's just the actors actual laugh. Poor guy seems to do it unconsciously.

>>21749616
The way out of that mess was raising interest rates to 20% to encourage saving by the people. Do you think the Fed is going to do that again? The US would default on its debt at that level.

>>21749829
It already basically happened, didn't it.

>>21749433
Do you actually hold all your metals as physical assets?
If not do you pay storage fees or do you just buy an index ?
I'd buy gold and silver but I don't have the security to store it at home and storage fees are a bitch. I'd be happy with paper gold.

>>21749829
I don't think that many people pulled money out of the market.
Usually people who invest in the market and aren't small dumb money don't sell out in crashes. True middle-class people who aren't just middle class because they buy luxary goods they can't afford, usally have backup money. Like you know, norma financial planning.

COVID is a issue-focused right now on business surviral, people who are losing jobs and have no assets afterwards are poor and don't matter to the stock market.

Most sales are panicers (dumb money), shorters and margin calls. Of course inside all that is the bursting of microbubbles on speculative companies ect.

Only the FEDs can stop this show. Just a oppuion, I don't know, plan for everything.

>>21749829
>lower classes pull out of investments
Kek. Poor people don’t invest. They don’t save, so how could they? You missed the dip in March. The next dip won’t be a dip, it’ll be a dollar collapse.

>>21749975
Following from Gold by the way, note that after the 08-09 crash, the price rocketed on fears of another crash and BRRR printing.

These fears subsided and prices went back to reality by late 2011.

>>21749975
Buy a water proof/fire proof safe. Pull up some floor boards and put it there. Put the floorboards back in place. Put a bed or dresser over the top. Dont tell ANYBODY where it is. Never open it unless it is between 2am and 4am with all your curtains shut.
It is now more protected then keeping it in a safe. Ideally also have a safe, in a different room, with 1k cash inside.

Based thread

>>21748475
>she thinks gold is rising.
>she doesn't realize it is the same.
>only fiat is going down.

>she doesnt know 1 ounce of gold was = to a wageslaves 1 week pay in 9/11/01

>she doesnt know 1 ounce of gold is = to a wageslaves 5 week pay 2020.

>>21750160
this is also true

>>21750160
How have other necessary assets increased in that same time frame? Thats how we could tell if gold is currently over valued. What was the gold cost of a sheep in 1901 vs cash cost today? or a loaf of bread?

It's simple. There is no pandemic, chaos in USA is controlled opposition, money printing is just to help with the USD short shortage worldwide, demand is propping up usd and crypto/stonks, money printing is far less than needed to meet usd shortage.
You have to look at reality, not what the entertainers on CNN/FOX/MSNBC tell you. It' sall the same shit in different packagin. Ignore the jewish lies, face reality and follow the money.

>>21749752
dehumanize yourself, face the bloodshed
or die as a sheep

>>21749732
Too much cash.

>>21750160
why is this nigger using she?

the economy is crashing though.
these things take time. like a couple of years at least.

Welcome to capitalism.

>>21750344
I have been thinking that. I'm currently looking at a 30 acre block of land about 20 mins from where I live that i'm thinking about buying. It wont be much of a income earner, but I can organise family to put crops in for me and get a few thousand per year return. Probably enough to cover around half the interest at least.

>>21749010
>virtually impossible

>he hasn't heard of the new paradigm
Stay poor while everything moons, fagget

>>21750493
>but I can organise family to put crops in for me
Kek are they all dependent on you?

>>21750478
>Welcome to Jews.

ftfy

>>21750478
capitalism with a keynesian central bank

The "service economy" is an invention to keep people busy, it doesn't actually produce any output so nothing is lost by it stopping. If the plebs have less money that just means there's less money going to China for useless trash that goes directly to landfills.

'But when you recall that one of the first moves by Lenin, Mussolini and Hitler was to outlaw individual ownership of gold, you begin to sense that there may be some connection between money, redeemable in gold, and the rare prize known as human liberty. Also, when you find that Lenin declared and demonstrated that a sure way to overturn the existing social order and bring about communism was by printing press paper money, then again you are impressed with the possibility of a relationship between a gold-backed money and human freedom.'

- Howard Buffet

>>21750564
Haha, no. They are legit farmers. They have around 3k hectares near where I am looking. They have all the machinery and ability to sell it. It would just be a few days of work for them to do my land as well each year, not a big ask at all. I occasionally help them out with animal destruction and during shearing, so would be fair. I would just have to pay the cost of seeding.
I'm just not sure because the return would be a lot less then buying a rental property, but I also like the idea of owning my own decent chunk of land. Wouldn't live there myself though as I already live on a small acreage closer to town.

>>21750628

If only everyone was allowed to make their own currency. That would surely improve things.

https://wtfhappenedin1971.com/

Everytime I read these easy to pick up arguments tailored for normies about the economy and money printing I feel like puking I swear. Most of you faggots know shit about economics yet you state these as facts. Makes me think of people who 500 years ago who were totally convinced that God exists.

>>21750534
shorting the Lira right now.
See you on Pluto Boys

>>21750708
Yes

>>21750795
Then share your knowledge with us, after all that's what we're here for.

>>21748475
>There is all the money printing
Here you go

>>21750795
okay, please tell truth for us about what going on

>>21750795
>t. most brainwashed normie on this board

>>21749705
>the most clinically retarded post seen on /biz/ in a long time
>calls others dumb
I'm not sure what you think an economic crash is, but ~95% of population living in poverty, resorting to eating fucking cats, rampant crime, diseases that have been basically nonexistent for decades, like tuberculosis, shortages of medicines, even acetaminophen, etc, is one big fucking crash
the government being able to act authoritarian also has nothing to do with whether the economy is currently crashing or not and definitely won't prevent the crash. looks like you're the one that should fuck off to /pol/ instead of shitting up a /biz/ thread with unrelated politics.

>>21750795
Sup Reddit

>>21749967
Yes but the pandemic is still going on.
I thought March was just the beginning.

>>21750026
I made money off the dip in March.
I'm just looking for the new one.

>>21749987
>I don't know, plan for everything.
I just don't know either. Reading through the thread, I am inclined to believe that the current good state of the markets is because of artificial propping due to the US election this year.
I expect a major downturn after the election is done with. The inflation effects of the money printing should start showing up by then as well.
A major crash in 2021. That's a good expectation to have in my opinion. I will just keep observing the market for now.

>>21748475
The economy is crashing.
Do you mean the stock market?

>>21749010
>you can keep printing money forever!
eventually the rest of the world stops playing along
>you are here
china is rolling out a new CBDC backed by gold and it looks like Russia will follow. What happens when other nations have a store of value backed by an actual store of value and investors diversify their portfolios into globabl markets with more stable currencies. Basically, do you think it matters how many dollars they print when the dollar loses its status as reserve currency? There will be trillions of dollar bills but they will be worth nothing. Hyperinflation, fren. There are 3 countries in the world right now experience hyperinflation (zimbabwe, south sudan, and venezuela) and we live in the "unlimited fiat money" world. Why don't they print more money? Oh wait...because pic related is what happens.

>>21749609
For most guys into metal, it's definitely a long term deal so it's an opportunity to DCA big time. There's speculative play to be had, but I'm thinking over the course of years.
>>21749616
BTC is about the one crypto I never touched honestly. I probably should hold at least some, but crypto is where I speculate. And more often than not I'm wrong lol.
>>21749847
(((They))) have nothing on Ron ;)
>>21749975
I keep mine with my guns in the safe, as a golden rule, "if it isn't in your hands, you don't own it." Also worth noting, FDR put out an EO ordering a mass recall of all bullion under federal law during the great depression. If they did that then, it's not entirely out of the question later down the road with the way things are headed. Paper is open to the same manipulation of the rest of the market. If it wasn't so important (physical) why wouldn't (((they))) panic at the thought of it all being hoarded by us goyim? Food for thought.

>>21751525
Read this and be enlightened file:///D:/pics/2020/biz/May-2020-BVI-Letter-Macro-Outlook.pdf

>>21751525
Read this and be enlightened https://www.docdroid.net/2nTB6aY/may-2020-bvi-letter-macro-outlook-pdf

>>21749130
Someone needs to fucking end this madness.

>>21751858
You end it by refusing to use their fiat.

>>21752222
Checked quads of truth

>>21751277
You mean Rhodesia. There's an economic lesson we can all learn from.

>>21748475
I tried to short the market since January and got burned. I don’t get it either. Just make sure your physical gold and silver stack is ready for when it does happen.

Stop trying to predict the crash and just make sure you always have crypto and precious metals on hand so you don’t lose your whole net worth when it does crash.

>>21748475
The elite can't let it crash just yet. Things will continue to look bad for months, but you're gonna be waiting until winter for the true veil drop. Learn to farm while money and the power grid still works.

>>21752586
But crypto has less value than Apple in its total market capitalization. Such a small market is highly susceptible to the crash too.
(but who knows, think with crytpo is nobody fucking knows so it isn't a counterweight, just a opinion though)

Metals yes, I don't think the debt clown world is gonna end honestly not in a big crash suddenly, they'll find a Jewish solution as always. BRRRRRRRRRRR

>>21748475
The money printing is keeping it afloat.

People don't realise they are being diluted. They just see the welfare coming in.

Once the institutions have taken sufficient positions in the Crypto economy, the media will be allowed to mention central banking and its consequences.

The resulting FOMO will make us all rich, and the media, through their puppet politicians, will never again be able to print themselves money. Politics will become markedly less degenerate.

>>21750160
Adding to this, look at the price of meat for example.

Even the price of shit like lumber.

Inflation is real. People better be prepared for what is coming.

>>21748475
It has collapsed it’s a zombie economy, kept running by endless government money

>>21752803
The Government tells normies what to believe.

Sorry but crypto will never break out that way, thinking it will is pure delusion.

>>21750478
Capitalism worked excellently for hundreds of years until fiat replaced gold backed currency

>>21752222
Checked.

Kek lights the way for us to peacefully end the dark reign of kikes.

>>21748475
Why would it crash? You're well fed, have electricity, water, internet, netflix, video games, music. Life goes on. Only wagies lost their jobs and they're completely dispensable.

>>21753116
Based and true, as I posted above.

Wagies don't' matter to the economy very much at all. We can't kill these people so we must make them at least productive enough to exist.

>>21749223
Why gold and silver and not the superior Chinese dollar?

> 2018 market oversold sentiment getting worse , no cash for trash (stocks) - biggest one day drop ever rings the bell
> Hammer the economy with a abstact reason
> Print money and stabilize the world
> secretly finalize the next currency
> Let ppl think that anyhthing is tough but give hope
> Stock gain world looks cooled
> Give the final blow
> Oh shit money locked in DEFI , dollar dead
> Give digital currency and control where to spent and which timeframe

Confirm me elite anon, i also play anno

>>21750795
typical dumbass calling people out for ignorance while contributing nothing

fuck you

>>21748475
Animal spirits. Investors aren't investing their money based on what is actually happening. They are optimistic that everything will figure itself out.

>>21753149
>implying neets matter to the economy

>>21753464
Oh also, the big tech companies are holding the stock market up. They are doing exceptionally well. The pandemic situation will concentrate money away from small businesses which aren't publicly traded and into companies like Amazon. That's why you can have the economy at large doing shit while the stock market does fine.

>>21752958
Its exactly what will happen actually

>>21750795
I don't know how anyone can not believe in an (one) intelligent creator.

>>21749732
I thought diversifying was stupid

>>21749130
And remember folks, this isn't even accounting for taxes. I lose ALMOST 30% of my pay check to taxes in califaggotville - of course 21.8% of that is federal.

>>21752222
Fuck Jews.
Gold & Silver all the way baby.

>>21748475
What chaos in the usa retard?
Stop falling for theater tricks.
There is no chaos here

>>21754363
All the niggers calmed down?

It is. you just arent feeling the full effects just yet. also the stock market is not a reflection of the health of the 'economy'

There is no mechanism for gold or a gold-backed currency to replace the USD. If you think the dollar can and will collapse you are dreaming, and cloaking your greed in a fake-moralist fantasy. Encouraging people to take out debt and use it to buy shiny rocks and miner stocks? You people really are shameless

>>21754396
They are the same as they've always been

>>21748475
I don't know but they just announced UBI in Canada for the next year so the ponzi is going to keep going most likely. I'm dumping all my free leafbux into metals and stocks and playing the game of musical chairs until it's over.

>There is all the chaos in the USA
what chaos? get off the internet faggot. one city is still rioting, and even that rioting is contained to like a 3 block radius. there's no chaos here. it's life as usual. nothing has changed. covid is over.

>>21754363
>>21754575
It's so bad that the terrorists have even breached this thread.

That is exactly how Rome fell. They used to use full gold or silver coins, but when certain emperors decided they needed a bit more they devalued the currency. Bit by bit, it was around 2% impure metals in the coin mix, but by the 4th century AD the average "gold" coin was only around 5% gold.
It was so fucking bad that Diocletian had to issue price controls because the average peasant was priced out of buying bread. Hint, of course the price control didn't work.

This devaluation of currency and subsequent inflation of prices is, in my opinion, the main cause of the fall of the (Western) Roman Empire. Plebs mad because of inflation, no money to pay troops, inept emperors who had 0 knowledge of economics and the final wave of Ostrogoths got them for good.
Rome could easily endure if they made a successful hard switch back to full gold coins.

>>21751277
>china is rolling out a new...
Imagine even entertaining the idea the world has put up with americans currency manipulation enough to turn to China
Everyone point and laugh at this nigger brain

>>21753830
>I lose ALMOST 30% of my pay check to taxes
damn, you burgers have it good compared to us europoors
someone needs to stop this overtaxation bullshit
no wonder everyone here is on the black market

>>21754575
Not even close. We're in the middle of an election year, with a pandemic storming and ~30 million people on unemployment. The fed is intervening with loadsamoney and fucked up monetary policy. Treasury yields are real negative and trillions have been printed. There's been 20+ /major/ retail bankruptcies alone which means commercial RE is liable to feel a good deal of pain from that alone, meanwhile people are talking WFH permanence. Tons of restaurants have permanently shuttered as well, some of them that didn't, and took PPP, are liable for PPP income on their taxes. Delinquencies across the whole market are at unprecedented levels as well. The fed has $2tn in MBS and CMBS on their balance sheet and $800bn in their SPVs.

You haven't seen a fucking thing yet.

>>21752958
Banks will, then govt will.
Bank have recently been given green light on holding crypto. It is starting

>>21754493
Historically, reserve currencies have been built and destroyed repeatedly throughout history. To disregard the possibility is absurd.

>>21748663
It's amazing how much consumerism is embedded into the psyche of the american. I mean you see figures like car sales down 30%, but that means that 70% of people are still buying big ticket items during the pandemic.

>>21753772
Look around retard. There are billion or reason for no got and the only reason to think there is a a god is, “there aint no way someone didnt make this place”
Nothing in our world/universe is even remotely close to perfection. If “god” exists he isnt perfect.

>>21748475
It is crashing, we’re witnessing the early signs of stagflation

>>21748475
MMT fags keep telling me "as long as other countries also BRRRRRR money nonstop to the same degree we do, there won't be inflation because it's like, all synchronized, man".

That doesn't make any sense at all.

>>21755099
Lamborghini sales are up, used car prices are up, bet most people still don't have 10k in savings

>>21750676
The service economy is designed to keep people employed with workfare not for the generosity of being employed, but rather so they can pay their rents to shekelstein.

>>21755487
All of that is bought on credit. Eternal goyim cattle. Meanwhile the people in real estate and stocks are up 100x.

>>21748475
>I thought reckless money printing was supposed to cause a cascade of negative economic consequences.
it does, you just have to look to see it. a good example is the mortgage industry. rates are at historic lows because jew bankers want to prop up home sales. lower rates means the average wagie is more willing to take on more DEBT. we're seeing record median sale prices on the national level, and absolutely insane median sale prices on smaller markets like san fagcisco, etc.

>>21754866

China has more gold than anybody else at this point, because they're not stupid, unlike western elites. So, they're be able to put together a pretty compelling gold-backed currency, even if there are obviously trust issues with them.

The Euro-using countries, specifically germany/italy/france, also have a fuckton if they pool it together, making a gold-backed euro strong, and also with a decently trustworthy legal framework backing it. I wouldn't want to be holding any current fiat, but if I had to pick one it would be the Euro.

>>21753830
If California passes all of their recently proposed tax increases, top nominal tax rate will be like 70+% in addition to an annual wealth tax on the rich. The depressing part is, even though this pretty much guarantees detroitification of places like LA, progressive normies will gurgle excuse making coming out of universities like a tranny taking a hot load of HIV jizz. Luckily im a psychopath and really enjoy seeing people suffer for the consequences of there actions, like all those dumb cunts that voted for socialism in venezuela. America is already defeated, and it wasnt an external enemy, it was the cowardice of the population asking for government to take care of them.

>>21748475
>trillions of fake dollars printed making dollars worth less
>equities value measured against dollars has to rise since dollars are worth less

>>21755821
>China has more gold than anybody else at this point,
Imagine thinking this too. What a fucking brainlet jesus christ

>>21748475

>>21748663
You fail to grasp the truly dystopian quality of things. This will only further burden the lower class in the long run. We're going to have literal communism in a decade or two because kikes refused to up the minimum wage or provide people with a little bit of vacation time.

>>21755931
Except nobody buys property in a shithole like detroit.

>>21755432

It doesn't, and MMT is a fake macroeconomic school. The leading proponents all give the standard line that "well if there's inflation obv we'll stop printing, don't worry!".

Of course what they really mean is: socialism is just so great and morally necessary, that they will lie about inflation rates as much as they need to so they can print forever. MMT isn't any kind of coherent "theory", it's just whatever bullshit socialists have to say to get what they want. There's no theory there other than that.

>>21748475
Why would you expect crypto to crash in this situation. Shouldn't it thrive against the inflation caused by money printing?

>>21755286
meaning "perfection" creates "disgusting". All these meanings are dead end branches. Don't be a retard, don't frame yourself

>>21748475
It’s being hidden from the public very well.
As time draws closer to the election, it will be used as a tool.

americans are back to spending like never before after a temporary drop
https://wolfstreet.com/2020/08/14/fired-up-by-stimulus-money-debt-deferrals-americans-went-shopping-but-where-how-life-has-changed-during-the-pandemic/

>>21756421
I MUST CONSOOOOOME

>>21752586
>hold crypto so your net worth doesn't crash to zero

>>21748475
Pic related

>>21749786
>lending money at a 0.00001% interest is not free money
Those are some yiddish interest rates. Wondering if a goy can have some of those?

>tfw people still think this isnt just an artificial crisis to get rid of trump
>tfw been investing this whole time while morons 'sit on the sidelines' waiting for an opportunity that will never come lmao.
>tfw covid-19 gets memory-holed on november 4th xD

>>21755998
That makes sense but shouldn't people be pulling their money out of investments such as crypto and stocks to cover their expenses in a depression?

>>21755831
The marginal tax rate for federal and state levels are ridiculous 40-50% combined. Meanwhile the long term capital gains tax is 10-15%. Our whole economy has been repalced with low pay service sector workfare so we can maintain the illusion of full employment. China and Mexico now own all the manufacturing jobs that produce real value for their citizens (8%+ gdp growth annually). All we have to look forward to are tech bubbles and hyperinflation.

>>21748475
>print money
>use printed money to buy stocks
It's simple really

>>21748475
economy != financial assets

its actually quite the reverse
the economy IS tanking.

poor people will lose.
people with financial assets will win.

>>21756969
do Americans really believe this?
it implies some doctor in Belgium in some local hospital is an active conspirator who risks his career so some dude in American can maybe win the presidency. Is this realistic?

>>21748475
incomes rising faster than inflation for the first time in half a century thanks to unemployment 600 dollars plus

>>21757298
but how can your assets be worth anything if there isn't an economy?
who will rent your appartment from you if nobody has money to do so?
who will buy all those teslas Musk produces?

>>21757307
>implying the entire world doesnt revolve around americas internal politics.

Ngmi

>>21756421
who the fuck has money to live like this lmao

go long on everything, they are fudding the fuck out of us. Bet against the stupidity of the crowd.

>>21757363
I own exactly 1USD.
Your currency looks like recycled toilet paper. No offense.

>>21749010
>virtually impossible
Ofc it won't be in a week. It'll be a 2 year bear market.

>>21757307
yes, sadly, it's fucking unbearable to be surrounded by them
If you paid attention back in Jan/Feb, those same idiots have flip flopped based on their party of choice:
Republicans:
>it's real! lock down the country before it's too late!
Democrats:
>noooo wowww racist how dare you everthing is fine just wash your hands!
(both: masks are useless lol)
some time later:
Republicans:
>lol just a flu literally dems trying to screw with trump's re-election
Democrats:
>juSt WeAr a FuCkInG (shitty paper, basically useless) MaSK!!

it's only going to get more unbearable after the election FUCK

>>21752222
Based quads. Can't wait for them to kvetch monero out of the ecosystem. All of this money will be put to good use.

>>21748802
They are printing money to enrich themselves and their goons. The IMF just got a trillion fucking dollar fund from the US. How foes that benefit us? Our descendants will be paying for these kike's comfortable lives. This shit has to stop

Why would the economy crash because of a total outside fucking calamity that's hit the entire planet more or less equally? Retard, economic crises happen when some part of the economy is found to be dysfunctional or obsoleted. They don't happen when external events clap the planet's cheeks.

>>21757796
>outside calamity
this shit was fabricated you mouthbreather

>>21757796
this makes no sense
how is the dinosaur economy today? well, not that good..

>>21757796
>Why would the economy crash because of a total outside fucking calamity that's hit the entire planet more or less equally?
Are you seriously asking this question or just pulling my leg?

>>21757298
My problem with this line of thought is that if the economy isn't doing well then there is going to be less demand from the people for your crypto and stocks as the people will have less purchasing power and speculative investments are not essential.
That will certainly drive the price down.

>>21755821
>>21755896
he's right about the euro but most of china's gold is literally fools gold, look up plated copper china, however a russian currency or a european one is veeeerrryyy promising, european leaders already announced they want to have a digital currency. most european countries have been taking their gold back out of other central banks and owning it in their countries (poland, germany, italy and others) so this is looking like the path forward

>>21750728
mass importation of non whites and browns destroyed your country irreparably

>>21757836
Fabricated or not, everyone bought into it to varying extents.

>>21757850
If the economy isn't doing fine, it's wholly unrelated to the covid crisis

>>21757896
If it's such a no-brainer then answering the question ought to be simple.

>>21748475
Because we printed money and gave it to everyone. It's like an energy drink, good for a quick pick me up. Now we're getting to the end of the boost it gave us, and the big question is whether or not they're going to keep printing money to give to people.
Something that I have been thinking about a lot lately is whether or not normies believe that everything will be fine without more stimulus. I think very few of them really understand just how close we are to a complete collapse, and how necessary more direct payments are to stave off that collapse. But if March taught us anything it's that when you start seeing the market tank, the politicians will get off their asses very quickly. That's why I'm sitting on some cash right now getting ready to scoop up some cheap crypto and gold stocks when the next big flash crash comes.

>>21748802

Unironically, sounds like its still a good time to buy gold and silver

Dont' wanna hold USD.

BTC/ETH have still been following SPY too closely to be a store of value in an economic crash.

>>21750680
Why did Mr. Diddybar leave out fdr

>>21758519
>That's why I'm sitting on some cash right now getting ready to scoop up some cheap crypto and gold stocks when the next big flash crash comes.
That's what I am doing too anon.
I bought in during the March crash. Made my money and now I am waiting for the chance to go in again.
Problem is, I am getting tired of waiting.
When do you expect the next crash to come?

>>21755821
Yes, I trust China, the country whose currency manipulation makes the US dollar look like the most transparent currency in the world.

>>21758519

There will be no big devaluation of stocks, the market now understands that the government will never allow it. There is simply too much riding on the markets these days. You might get some 10-15% dips, but don't expect much more.

>>21756969
the morons sidelining are the most vocal about the crash, that's why it's all you hear. They are actually a very small minority.

>>21757342
as long as the government doesn't outlaw it, there will always be an economy

>>21757342
>>21757980

there are millions of millionaires in the world. the demand will not wane

money is not going anywhere. there is more money now than ever, and we will likely see hyper inflation the world over within the decade

hard limited assets will continue to rise relative to monopoly money as a baseline, and will gain value as the demand from the millions of millionaires jump onto any remaining lifeboats remaining, crypto included

>>21748475

stop believing all the fake news.

>>21757389
those with $600/week to spend

>>21759142
>stonks only ever go up

>>21748475
U.S government is buying all the debt and giving other nations swap lines which gives them essentially unlimited liquidity to service any debt. It will go on until they are ready for a dump. It will happen though

>>21759851
>d giving other nations swap lines which gives them essentially unlimited liquidity to service any debt
How does this work anon?
I have been wondering for a while

>>21759763

Correct.

>>21759627
This makes a lot of sense and I can't refute it
Thanks for your contribution anon

>>21757850
Based KEK

>>21751277
turkey and lebanon are also having hyperinflation right now.

>>21757980
No, because they are priced in dollars, and the dollar is losing value quickly.

Anything priced in dollars will rise simply because of the fact that the dollar is falling. I'm not even a goldbug, but look at the SP500 priced in gold. It hasn't recovered.

>>21760022
>Venezuela
If I had to guess they probably have a similar dynamic as Iran where all domestic asset classes are inflated because you aren’t allowed to own foreign assets.

>>21748679
It's both

You hear about all these lost jobs, but in reality I don't think it's as bad as it sounds from what I personally observe.

A lot of people in their 20s (wagies AND salary employees) still live with their family. I know a lot of people that lost their job because of covid but it didnt seem to matter because they were getting MORE in unemployment than they were if they worked. Stimulus checks and Mommy and daddy to get everything they want as they play call of duty for 4 months.

The combination of not needing much to survive at home and the printing of the US dollar has almost created some weird excess that's propelled the stock market.

I'm literally scared atm how many folks take a loan they never can pay back and buy gold with it.

>My prediction for next years (max 3)
A free for all for food and water a dark time for men kind

>>21759971
Glorified loan. They only give it to friendly nations. USD is world reserve currency and most debt is serviced in USD.

>>21760808
*mankind

>>21750795
>1 post by this ID

Bail out money, stimulus, corporations buying back their stock and the stock market artificially manipulated

Where should I put my money to stay safu?

>ctrl+f
>deflation
>0 results
biz was a mistake.

>>21755990
>We're going to have literal communism in a decade or two
if it's literal communism why is it a bad thing? Pro tip its not

>>21749975
Nigger, it's fucking metal, you don't have a hole you can bury it in? Fuck, stick it on the bottom of a houseplant pot

>>21760962

>I don't understand why the economy is not crashing already

Because it is crashing. Its just they're printing so much money, in nominal dollars it looks like things are going up, for now.

Look at all these "shortages" we are having. Its easy to blame it on covid. But it is more money chasing less goods. This will slowly transition from "shortages" to price hikes (inflation).

Once inflation starts, then interest rates will have to rise. In 1980 after a decade of inflation rates spike to 20%. If that happened now it would completely obliterate the stock market.

>>21748495
Fpwp

>>21760022
>>21760530
>>21759763
>>21748475
>>21748828
>>21749010
>>21749649
>>21749643
>>21749540
>>21749562
>>21749473
>>21749433
>>21749424
>>21749397
>>21749306
>>21749223
>>21749166
>>21749130
>>21749163
>>21750795
>>21750728
>>21750628
>>21750478
>>21750574
>>21750534
>>21751277
>>21751124
>>21749705
>>21751858
>>21752882
>>21752803
>>21753116
>>21755831
>>21756838
>>21756421
>>21756867
>>21757363
>>21757591
>>21760930
>>21760962
HURRR DUURRRR BOOMER BUY STONK HAHAHAHA KILL YOURSELVES BOOMERS IF YOU OWN STONK AND NOT SHORTING YOU WILL BE ASSRAPED TO OBLIVION IN SHORT BUY LINK AHAHAHAHAH

>>21748915
Believe it or not there are faggot wagies who LIKE going into work and being "personable" and "social". fucking makes me cringe. it should be optional if possible. I started working nights to stay away from people once this shit started and recently my boss asked me to come back during the day but I told him im enjoying working nights and so thats what im still doing. I dont see anybody. love it.

>>21761556
more likely if the ratio does return back to 4 it will be a result of a parabolic gold rush

>>21757389
People with credit cards. Usury and debt fuels this disgusting society.

>>21761556
fucking boomers importing browns and giving money to israel, wow if only the nazi's won then american boomers would have never existed imagine what a fucking wonderful world we would live in

>>21749306
Yes but you have to be quick or they will redenominate your debt into the new currency. Many people got fucked in weimar Germany when their redenominated debts ended up crushing them.

>>21748679
Jews

The world is automated
Human labour is worthless

>>21760327
Things look real bad when you check that chart.

>>21760930
Why is he wearing a BBC news wristband

The stock market in going up in increasing worthless dollars. Adjusted for inflation the market has actually lost value.

It may take a year for all this printing to catch up, so use that time wisely to purchase assets such as silver, gold, and land before the dollar is totally worthless.

>>21762296

Plus 90% of individual stocks are down, its just stop 5 tech companies mostly because dump money piling into index funds blowing up the top market cap stocks.

>>21758738
Honestly I'm surprised it hasn't already just because it's been so long since the last round of stimulus. Maybe if we go into mid september and there hasn't been another round of direct payments.

>>21759142
I agree but the question is if that assumption is as safe as we thought previously. What if government doesn't step in just because it's an election year and neither party wants the other one to get credit for helping? Scary thought.

>>21749010
>impossible

You realize companies are at historic levels of leverage right now, and that has to be paid off eventually. Companies are now borrowing at unprecedented rates due to the pandemic, to keep them afloat. They'll eventually have to pay that off, and when a few can't that will have a chain reaction on many others, as they rely on each other for funds. When that happens that will DEFINITELY cause a depression, not if, but when.

>>21762827
They can refinance once deeply negative interest rates are instated. This can happen after paper currency rules are put in place and mattress stuffers get fucked.

>>21748663
Obviously. My wild guess is that we could comfortably live with around 30-40% of our current work load. Perhaps with no new iphone every 6 month, or new 2 tons, 300 horsepower SUV each 5 years, but still, we would have every basic needs, and even some more, covered, with only half a day of work. The quarantine proved it somehow. Almost no production at all for 2 month, but very few production disruption. No real shortage. Meaning: we could already work only 10 month in a year, it wouldn't have any consequences. Wage slaves are literally pushing further (they don't know it, but they do it under mind control), to buy new smartphones and fancy cars regularly. Selling their life for this. To have instead of to be.

>>21749130
retard with 0 knowledge of economics

>>21748475
https://www.cnbc.com/2020/05/29/us-savings-rate-hits-record-33percent-as-coronavirus-causes-americans-to-stockpile-cash-curb-spending.html

Record amount of savings and investment. Business activity is picking up. Plus all the economic stimulus.

>>21763095
And the monetary base is decreasing. So it's not all bad.

>>21763095
it's called deflation

>>21749130
>The way things are going soon in order for the average goy to buy a house they are going to have to work 30-50 years paying off their mortgages.
What? If money decreases in value then debt will also decrease in relative value over time. Inflation is actually good for borrowers. You actually copy/paste this? Lol.

>>21763181
prices are going up so noo

>>21762989
Everyone would get fucked with negative interest rates - banks will no longer want to lend at those rates. And cutting off that lifeline will sink a great deal of companies.

>>21763236
we currently experience delfationary pressure

>>21749975
>paper gold
so... nothing

>>21763431
That's not the same as deflation, deflation just means prices are going down, but they are not meaning that inflationary pressure is more powerful.

>>21760732
Now imagine they stop the stimulus

>>21748475
unemployment benefits and bridge loans to companies

>>21762072
Fucking this
And I’m doing my best job to accelerate that process, fuck you human scum

>>21763211
doesn't matter for shit if your salary is getting debased too

>>21763279
If central banks are forced to lend, banks will lend at negative interest rates and lend that shit out to keep borrowing for the negative interest. It just takes authoritarianism and an arsenal that stops counties from playing chicken over it.

>>21748475
If you're not hedging with gold, silver, and guns, you're a retard.

>>21764141
we will most likely get japan-styled "loan quotas" implemented where banks are foced to loan x amount of $'s per quarter.

>>21748495

>>21761796
what are the blue and yellow lines representing?

>>21748679
youtube
GREGORY MANNARINO
He explains it in every single one of his videos. highly recommended.

If you don't watch him, you're a dumbass.

>>21764336
Blue is S&P 500 yellow is ... gold duh

>>21763181
Infladestagflation. The worst of the flations.

The thing that bothers me about people saying “yeah we printed a bunch of money” is that USD is not inflating faster than other currencies. The two reasons btc dipped yesterday was the increase value in the dollar, and the CME futures. More of the former than the latter.
Plus we needed to print money for more than just the American economy. We did it for the world economy. We had to, because chinas malfeasance unleashed a bio weapon on the rest of the earth.

>>21764459
>we
kys

>>21764459
haha printer go brr

>>21764362
Can we get the TLDR summary

>>21764523
>printer go brr
>buy things
>price go up
>banks say thanks
>hedge funds say thanks
>little people say what happened
>little people get 400 dollars a week to keep them occupied

>>21749705
We’re having a good thread here fuck off you sperg

>>21748475
>I thought reckless money printing was supposed to cause a cascade of negative economic consequences.

It will. But major economic consequences aren’t to be seen overnight. Wait six months to a year, then it will be apparent. Currency inflation is a time-bomb.

>>21749705
you have to go back

>>21763516
I thought deflation is where debt and Fed debt gets too expensive and then the entire charade falls apart instantly

>>21764497
>>21764518
https://www.tradingview.com/markets/currencies/rates-major/
we means the united states of america, not your gutter country where women have to make sure they bring their shit stick so they don't get raped taking a dump on the next street over

>>21748475
The effect of all that money printing will be felt in the next 1-5 years, not tomorrow.

>>21749705
Go back

>>21751830
This is interesting for a crash

http://universa.net/UniversaResearch_SafeHavenPart2_NotAllRisk.pdf

http://universa.net/UniversaResearch_SafeHavenPart1_RiskMitigation.pdf

>>21750795
>everyone is stupid except me
see you tomorrow, chap

>>21764775
That's like a Greece sovereign debt crisis, which could happen.

>>21748475
>the economy is not crashing.
It already is. Many people are jobless. Many people have stopped going to stores as much. The only people who are still "making it" are the giant corporations who have tons of money.
We are in 1930s Wiemar Republic. There is massive civil unrest, there is massive unemployment, there is massive degeneracy.

>>21748679
Economics and politics over lap a lot, it would be acceptable on both boards. The people saying what to post and what not to post are typically kikes that get upset when we talk about subjects that are unkosher. I’ve gotten banned by butt hurt kikes here before, when I would call them out on their crap

>>21765899
whitepilling image, but we don't have any serious right wing parties or a parliament system

>>21761796
>wow if only the nazi's won then american boomers would have never existed imagine what a fucking wonderful world we would live in
sounds pretty nice...

>>21766565
oh they're coming

>>21748475
>stock market go up
>that mean economy good
Look up the term "fiat currency"

>>21766565
>we don't have any serious right wing parties or a parliament system
There are a ton of splinter parties at the moment, all across the west. While each country may have their own situation, I think GD is the best example at the moment. They aren't allowed to be apart of the government despite having a large backing.
All these splinter groups correlate to 1928 percentage of support for the nazis. These groups are bound to fail, but it only takes one to be a complete success.