/biz/ - Business & Finance

What's the middle class? There's just rich and poor, no in between...

>>21849440
fuck im literally shaking just wish I had some LOKI right now I just want it back

>We are in hyperinflation
>Hands mic to middle aged black woman
>Hour long speech on how black lives matter.

>>21849517
>followed by 3 hour special session of congress debating whether american tribute to israel should now be paid in gold reserves or nuclear weapons

don’t be a retard, move to BTC, FIAT are worthless

>>21849440
>profoundly consequential
Realistically speaking what are the odds they are using this just to get attention and it ends up being "we're just gonna print more money"

Last chance to buy sub $2500 gold and sub $35 silver

Fuck, I just cashed out a huge position, though only about 20% total. Six figures of PM is too much. Do I buy land???

>>21849440
Ok money printer goes brrr, we get it.. More interesting is its global effect, that no one discusses.. Is it going to drag EUR with it? Yen? PMG, crypto are up against all big currencies

>That feel when just sold all my stocks and am 98% cash (800k)

How fucked am I?

>>21849582
Only if you buy a bullion, cause I promise if you are buying a stupid (((ETF))) I’m gonna fucking punch you straight into the nose

to my fellow earthling, we are going to print more.

>>21849582
>sh I had som
And sub $12k Bitcoin

>>21849724
just put it all in bitcoin, problem solved

>>21849724
Just buy BTC and move them in a offline wallet

>>21849440
I'm so comfy having most of my networth in crypto/precious metals. If they try to make me poor by hyperinflation they actually make me way way richer

>>21849726
Both bring profits, ETF is much easier to liquidate.. Please explain why it's so bad?
>inb4 economy will collapse to anarchy

>>21849686
>Do I buy land???
Plus guns and ammo.

>>21849440
MFW USD was the real crypto all along

>>21850173
Because ETFs are not backed by physical they use futures and even when they are, there are multiple claims to the same ounce of gold/silver which means that there is enormous counterparty risk and the ETF is worthless. Comex futures are already disconnected from physical prices and they will continue to diverge.

>>21849440
Don't devalue the USD just yet, otherwise my linkies will lose all their AUD value.

>>21849557
god this sounds painful in the fact it might happen

>>21850814
Linkies will go up tho cause youneed more usd to buy the same links. Imagine if bitcoins coin supply went up 30% overnight. Your sats in link would rise

>>21849440
Will AMPL protect us from this?

>inb4 they inflated crypto with muh stable coins and other scams to short the fuck out of it at what they decided top was

>>21849576
99%

>>21850864
My linkies are already worth 42% more in AUD at the moment. The worse the US dollar does, the lower that percentage will go. Ill be lucky if we break even unless the AUD tanks as well.
I guess I would be able to buy cheap silver again at least.

"We've actually been using inflation to buy assets for the Zionist cause. The FED will from today officially sponsor Israel. US bonds will no longer be purchased at any price."

Stocks to the moon?

>>21849440
I'm loading up on xrp fuck the dinosaur BTC. No purpose besides hording jew internet gold.

Btc will move on a massive bullrun. Reason is wealth storage function in times of hyper inflation. No other coin will come near as wealth storage is only about trust and not technological features. I even say if we really had the case of several strongly competing cryptocurrencies with comparable market caps, it's over. Normies will not see cryptos as wealth storage anymore as they realize they are replacable and trend-dependant internet datachains where it's not clear if you still have your money in ten years. It's all about consistency and trust.

>>21851574
>they are replacable
that's my biggest issue with shitcoins. they are all replaceable. bitcoins main usecase is nobody can make more bitcoins. shitcoins usecase is completely replaceable like smart contracts and stablecoins and privacy and fucknowswhat. any day 10 new shitcoin will go for your shitcoins spot.

>>21851723
That's true, but i see also a danger for established cryptocurrencies. Even if ETH or XRP come close to BTC, this could be a big problem as this hinders cryptos being seen as wealth storage. No one wants to risk betting on the wrong horse when trying to secure wealth. It must be clear for everyone that the coin will persist. I only see this in BTC, and if this changes it would be a bad sign for the cryptospace in general and probably sth (central-)banks would be quite happy with. Divide and conquer.

>>21849572
Jesus christ these people are retarded. I wish they would have read Austrian economic theory instead of Keynesian

>>21851574
>Normies will not see cryptos as wealth storage anymore as they realize they are replacable and trend-dependant internet datachains where it's not clear if you still have your money in ten years.
Assuming they have the awareness for this.

>>21852180
This. Keynesian theory is unsustainable debt cycling into currency devaluation with a currency cut as final stage. Debt means simply momentary generations live on the expenses of following generations. This is what baby boomers did to us. The final chapter of this play is now that the younger generations should buy their inflated assets and pay their pensions. Tell me it's not a scam?

>>21852314
Market cap is badically awareness. If ETH would have BTC's market cap, normies would know it.

>>21850157

Don't worry, the govt will steal your gold and crypto!

https://en.wikipedia.org/wiki/Executive_Order_6102

>>21849557
>american tribute to israel should now be paid in gold reserves or nuclear weapons
i'd vote for the latter if you catch my drift

>>21851574
luckily for btc it is also the best technologically

you guys are all brainlets and live in your own apocalypse world.
nobody's gonna let precious metals and bitcoin moon. it's an election year.
use your brains a little instead of watching brainless end of the world sitcoms

>>21852454
Well i don't really have some doomsday scenario in mind, but if you missed that we are printing trillions of dollars, that currencies around the world lose record value while we have a massive asset price inflation you must live in the woods.

more inflation, higher asset prices.
this is bullish for literally everything; stonks, crypto, pms, land, real estate. buy whatever you want but buy something.

>>21852740
True to a large extent. It will be about obtaining your networth, best is a vig diversification. However stocks are for me already on the higher end of valuation, not so btc with a fixed amount of 21 millions.

>>21849724
Wow anon you must’ve gone to a great university

>mfw I'm sitting on 80k worth of student loans at 0% interest

Keep on pumping it lol

>>21852792

stocks are very expensive right now but they are going much still. Because of QE and zero intest rate. But to each their own, I prefer stocks other prefer other stuff it doesn't matter. The only thing that matters is to not sit in FIAT like a sucker.

>>21852679
im not saying that prices of real assets won't increase, but don't expect anything to happen this thursday. this is just stupid. this speech changes nothing

>>21852315
this. boomers borrowed money they didn't have, just spent quadrillions on wars and cruises. What is an aircraft carrier, but a cruise ship?

>>21852833
Ok, i wrote more about macros and also didn't have this speech in mind.

>>21850173
because there's a very real chance of them becoming inSLVent given the fact they spook something like 99% of the market.

just a thought.

>>21853140
copper is such a beautiful metal, but i can't imagine how grossly overpriced copper coins would be
and how worthless, too

>>21853140
fuck. *spoof

>>21852823
Make sure you hedge your equities position with plenty of commodities fren

>>21853201
nigga how poor are you that you're buying copper coins and gold leaf

>>21853242
for the fun of it.
more ways than 1 to be wealthy, fwen.

If you are interested in playing casino then you can earn bitcoin of your own like I do on games.bitcoin.com as it's very secure and have also placed a prize pole of about 2M$ which you can earn daily so grab your opportunity as I am grabbing mine

>>21853277
can't argue with that
if you had gotten 88 instead of 77 that would have been perfect

>>21853333
those digits are perfect

>>21852315
Yes, and these imbeciles think that Keynes was right due to government intervention saving countries from depressions. But the fact is it never did fix anything but simply postpone the problems by 10 years or so, and they have been doing this for decades now. They simply cannot see a world without the boom bust cycle

>>21853333
>>21853277
>>21851222
>>21851244

Why buy bitcoins when you can win bitcoins for your own just by playing online casino games like blackjack, roulette, poker and many other on games.bitcoin.com as they are really secure and have a prize pole of about 2M$ which everyone can win so I am going to win some for me.

>>21853417
On point. Problems were merely postponed and grew bigger over time.

>>21853443
Go home pajeet, rice is cooked.

>>21853443
wow, really? Sign me up!!
*looks directly into the camera*

that's it boys
we just made it

>>21849517
Reminiscent of Gary Johnson's platform being solely about legalizing weed in the run-up to 2012 after the economy had been a 4 year hot fart and countless people had gone bankrupt and lost their homes.

>>21853221
EL15 energy rising so much during inflation

>>21853784
Despite the billions pouring into renewables, the vast majority of electricity is still being produced through coal, and natural gas, as well as the majority of transport also being highly dependent on oil.

Energy is thus a proxy for the prices of other commodities that also tend to spike during periods of inflation (as far as I understand)

>>21849517
>this will save the Dollar

>because society is too brainwashed to call out jews we have to talk about complex economic theory that boils down to jews stealing our wealth through psychological trickery

i hate this timeline

>>21850668
PMGOLD?

>>21854126
this

>>21854126
basically

>>21853417
Keynes was absolutely right about government spending being necessary to kick-start the economy after a crash caused by financial speculation.
The problem is that spending doesn't work so well when the problems are more fundamentals. Pouring more money into the vortex isn't going to bring back good jobs that pay a living wage, rebuild domestic manufacturing, dislodge regulatory capture, repair crumbling infrastructure, or cure our cultural malaise. Since wages will rise slower than stock prices, it's essentially no more than another transfer of wealth from working people to parasitic speculators. Of course, unelected bankers act in their own interests and not the public's.

>>21854404
This. Keynes wan't even that wrong, but his theories are misused by politicians only looking for votes and short term success.

>>21854180
I own that. Its a warrant on unallocated gold.
Pretty good unless the futures markets blow up next month or December

>>21849557
Kek this could happen

>>21854447
So glad that his own student, Friedman, proved him wrong.

>>21849517
Media agrees because diversity checks out.

>>21854454
>>>21854180
>Pretty good unless the futures markets blow up next month or December

Just an FYI the kikes sold short 20x the annual global production of silver last week to try and keep the price under 30 dollars. There was previously something like 4x global production in total sold short. Same story with gold. The kikes at comex allowed it even though the metal does not exist to fulfil the contract

They just brought forward the time scale for futures market implosion massively. Expect it now in the next few weeks rather than months

>>21855084
Thought on the Sprott physical gold trust?

I'll trust Rick Rule over HSBC anyday but curious what others think

>>21855084
going by this information what do i buy?

>it was nothing

>>21849724
stocks will go bust

>>21852454
you speak as if they had any control left
they can only control their town niggers

>>21855054
If you’re white and male just cut of your dick to get a decent paying job, it’s that easy.

>>21849440
ok now im freaking out
how much LOKI to survive?

>>21850281
kek

>>21854126
people will realize one at a time. I’ve gotten a few friends to realize the jew scheme. Do you part friend

>>21849557
there is literally nothing wrong with helping Israel, god gives us the profit in Link.

>>21855255
>>21855305
Just buy physical bullion and store it at your house. Buy a safe or hide or bury it somewhere. Go to the pmg threads here they have links for the best places to buy physical bullion depending on your country. Sprott is one of the more 'trusted' etfs but still why take the risk? Just buy the fucking metal.

Buying ETFs is the equivalent of keeping your BTC on some dodgy exchange. Why risk it? If you don't hold it you don't own it.

>inb4 but muh premiums
I'd rather pay a premium than get an email saying 'Sorry goyim you lose. Turns out we don't have any gold. '

>>21855508
Precious metal prices are actually heavily affected by industrial demand, which is taking a shit. Just unironically buy crypto

>>21855585
Midwit 105 IQ take.

When inflation hits investment demand will dwarf industrial demand. Bitcoin is a good hedge and I own 8 BTC but it is unproven in a monetary collapse or even a recession. You would have to be extremely naive to not allocate at least 10% of your portfolio an asset that has proven its worth throughout hundreds of currency resets over the last 3000 years

>>21849686
I would buy bottles of fresh water, long last food stuffs and more Chainlink

>>21849440
powell only has power over cucks and over-leveraged retards
hedgeChads are comfy

>>21855585
>Precious metal prices are actually heavily affected by industrial demand
not gold
gold's industrial capitalization is dogshit compared to it's 'money' capitalization

>>21852386
Haha

>>21849440
Wow guys, if we change our views that means our actions will have different economic results.

>>21849557
The answer is both.

>fearing run away inflation when 10 yr treasury yield cant break 1%

>>21853221
Copper? Why? It's not like we are installing miles of phone lines anymore.

>>21855979
this

Japan's central bank has been outright buying stocks in order to create inflation and they haven't managed to succeed in spite of decades of trying.

>>21854404
Based and checked

>>21855979
>>21856033
But Japan hasn't printed money that's gone into the consumer economy. The fed on the other hand was printing 600$ checks and sending it to jobless people, people who werent contributing at all to the economy.

>>21856274
Yeah that shit is gonna end after maybe one more round. I'll agree inflation might be possible if they continue indefinitely

>>21856315
Also this is the real problem with printing money

07:50-12:30
https://youtu.be/jom8xksT_js?t=469

According to data compiled by Deutsche Bank Securities, nearly one in every five publicly traded U.S. companies is a zombie company.

Buying a bitcoin in 2020 is like buying a nigger in 2020:

A terrible, useless investment that’ll only cause stress and loss

>>21852315
The final stage is usually a war to force another nation to pay the debt.