/biz/ - Business & Finance

NOW

>>23672704
The interest rates on the debt aren't too debilitating yet. Give it a few decades and shit will pop off though.

>>23672704
Strong international demand keeps it from happening. Won't last forever though.

brrrrrrrr

>>23672735
what do u mean?

also velocity of money

>>23672704
Because the money that is "printed" is held in the primary lenders' accounts at the federal reserve. It's not in circulation. There are some who believe that QE is actually a deflationary act.
Also lol at that pic. "Government" prints money.

>>23672768
mommy

>>23672704
Let's hope prices remain relatively low until the preparations are done.

>>23672861
>There are some who believe that QE is actually a deflationary act.
what?????????? do u have a article or youtube video on this????

Supply and demand

The supply of USD and credit has exploded, but so has the demand. Meanwhile, businesses are cutting costs and people are saving.

Much less spending when there's much less to spend it on

>>23672990
https://youtu.be/oLhO7tIAtoY

>>23673066
i swear gay bears are retarded. QE is inflation. printing money does not make things cheaper. this guy is dumb as fuck

>>23673066
hes saying QE is meant to combat off deflation.

deflation start and then QE starts next to fix it. and bring back inflation.

he even says later in the video that QE is inflationairy

>>23673189
Dont get emotional, you soiboi. I believe QE is inflationary. People who believe it's just "money printer go brrr" are oversimplifying things. I'm just pointing out a contrarian voice.

>>23672735
Lower interest rates increase inflation, not decrease.

>>23672704
The price of a spicy McChicken is up to almost $2 now

The Golden Rule.
He who has the gold makes the rules. And who has ALL the gold??
The United Motherfucking States of Motherfucking America. Like it or not the USD rules the world.

I live in a country that has been in hyperinflation for a year now
AMA

>>23673276
You are an idiot, money supply is increased dramatically, it can be increased by lending, buying assets directly, you don’t need to print cash or actually add zeros anywhere. Effects on the market are still as if you would be printing cash.

Cuck

>>23674810
Where do you store your savings

>>23674948
How about Tether?

>>23674948
I lost my savings
waged for five years
saved up around 10k that I was gonna use to GTFO of my country and start over
Hyperinflation and capital control kicks in
fast forward my life savings are worth 1.2k
mfw
I have cash now but selling at black market rate because inflation whenever I need the money
making around 10$ per day more or less now lol

>>23675019
Which country?
Do people use silver and gold at all, and if so, in what way?
Same question for crypto?
Bartering?

>>23675019
let me guess, turkey.

>>23674888
Watch the video cunt

>>23672793
the rest of the world is near zero or below. the US still has a tiny ways yet to fall? idk what he meant.

>>23675118
Lebanon
Banks allowed PEP's aka politically corrupt people to wire their savings in USD abroad when crisis started causing
https://en.wikipedia.org/wiki/Lebanese_liquidity_crisis
Meanwhile hard working people had to wait in line to withdraw 200$ and now
https://lirarate.com/
well you know how it works
so people started using our local currency to get USD as much as they can and hoard
or barter their real estate, cars, anything to get Gold/USD since us christians here usually get gifts when baptized like gold crosses and coins
I still have my gold cross and wish to God I don't get to the point of selling it
Silver is really rare mostly jewelries
A lot started selling their stuck usd aka lollars
https://stepfeed.com/lollar-at-me-a-term-coined-after-the-fall-of-the-lebanese-banking-system-0087
at 1.5 times the price just to get stuff
for example a land costs 100k
you pay around 150K or 200 depends in cheque
OR you can get it for 50-60k cash and that is going down

>>23675159
Lebanon
>>23675118
As for crypto
I look for tasks online and on the lookout for something more permanent that pays in crypto
there are rich traders here who have offshore accounts so they have access to USD cash, this allows them to wire them here and they purchase BTC for USD cash or LBP(local lebanese pounds at market rate)
I have seen people barter their furniture to feed their kids
a month ago a robber made the news, he branded a gun at a pharmacy just to get get diapers and baby formula
Lesson from this brothers, stack sats and HODL

>>23675019
why did the 'fast forward' not include you executing your plan to escape?

>>23675199
I could not
since my plan was to apply for a masters or immigration abroad
France/Germany or even canada I would need around 10k in the bank
Now I have 1k cash so I am on the lookout for full scholarships because I cannot fund myself
if subsidy for basic resources stops in a month or two like analysts are predicting civil unrest and maybe war might happen so I might be eligible for refugee
am christian and have a STEM degree so kinda more privileged

>>23675173
>land costs 100k pay around 200k in cheque OR you can get it for 50-60k cash
fascinating.
do you have access to crypto?

>>23675238
I found a task on reddit jobs4bitcoins at the beginning of the crisis and said I would do it for 600$ instead of the 1.2 he was offering so I get the job and I sold it here for cash when I finished
and someone on XMR general just sent me 10$ lol

>>23673161
Yea its later, that depends if banks want to lend. They need the loans to go through to "print" see hidden secrets of money they show how banking velocity could work. Now the reason the are holding is unknown. Guess is they are waiting for something, maybe something to rise like the dollar or bonds. These guys think max profit, if they are not lending it means they wont profit off of loans, but it also can cause a "freeze". This is pretty horrible later on if they do let it freeze. Double dip is high.

>>23672704
hyperinflation will only take place when Bretton Woods fall or with a US war

>>23672990
https://www.youtube.com/watch?v=Q0oZmEUxxn4
this channel is pretty good, its a little over my head but i like to think i'm learning something

>>23675269
and ngl a generous af dude sent me around 1k BTC on biz a while back when I made a post as well
Made a follow-up post detailing what I spent it on
Application fees for france, english exam registration( cause it's in cash USD), a shitton of canned food etc... gave some money to my grandparents and got six months supply of medicine for my parents and kept 300$ at home

>>23675173
>>23675191
Interesting, thank you for the reply. Are civilians able to keep/bear arms there?
Precious metals and crypto in the barbell investment strategy seems like the way to go for those of us worried about hyperinflation.
>>23675377
Takes care of grandparents and parents, STEM degree... good stuff, I hope you make it anon. Best of luck to you, fren.

>>23675641
thank you for your words anon
arms are illegal of course BUT people have weapons from the black market and from the civil war era, it's a jungle here when you think about it
it's easy to get a gun and it's sad because a lot of militias are above the law
yes sir crypto and metals indeed
I would advise against against real estate
a vintage car might be worth more imho but yeah crypto number one

>>23672704
What will happen to the euro?

>>23675685
is there a way to profit from the crisis while helping the lebanese?
you all need gold or USD but only have local currency and local real estate?..
tough situation for sure.

>>23675876
a lot actually saw this coming and wired their money years ago, or just sold their local for USD cash when inflation started
corruption helped because they had connections with higher ups
you could donate to NGO's or buy from local products
we have really good wine actually
but to profit I doubt, our stock exchange is shit and barely functional
you could invest in real estate like fancy places aka downtown called soliderehttp://www.bse.com.lb/Market/Quotes/tabid/89/Default.aspx
Solidere was acquired by the assasinated PM hariri whose son is still in power after the civil war by getting the land for cheap and made it into a touristic attraction where the elite live

>>23675876
If not getting real estate for cheap now, I have no idea what else to do honestly am sorry anon
the country needs a lot of time to get rebuilt and depends on who wins the US elections, the Iran/Syria political strategies that already affect us will change accordingly

>>23675951
how aware of btc is the normal populace?

>>23675173
>>23675685
Hey LebAnon, seen your posts a few times, always interesting to hear the latest.
If you’re a smart guy, consider applying for a STEM master’s degree in Australia. Emphasise your sad story in your application, our universities are full SJW faggots

>>23675968
Would a Biden or Trump presidency be better for Lebanon, in your opinion?

>>23675997
bitcoinduliban.org/
we made a website which is a wordplay on the central bank called banque du liban to educate people
and I and other crypto enthusiasts are spreading as much awareness as possible
a law firm actually started accepting BTC as legal tender since they work for offshore clients
>>23676027
do you think I would be elligible for a full scholarship?
fuck it I got nothing to lose and my English is really good if I may say so
already registered for IELTS and it cost me 245 USD so I have a generous anon who helped me out for that

>>23672704
Trust

The same reason why something like bitcoin which is nothing more then some bits and bytes is valued at $14k.

>>23676055
as far as I see it people here who are aligned with Iran/Syria aka hezbollah partisans think that Biden will be Obama 2.0 with the nuke deal etc... which is not the case
they just hate Trump
I am not really versed in politics because understanding the local issues is already hard especially since banks were a ponzi scheme lol
https://www.nytimes.com/2019/12/02/opinion/lebanon-protests.html
But if Trump wins he will be more strict in Iran and Syria and they might back down from Lebanon which could secure an IMF deal and MAYBE get a small amount of the money illegally wired abroad
>> all political warlords( we call them that because same names since civil war) are all against the financial audit
https://www.arabnews.com/node/1755401/business-economy
imagine one account wired 270 million USD from Lebanon which could have covered 27000 international student fees

>>23676059
Full scholarship might be difficult, but search around. Maybe try contacting some Lebanese Australian community groups to see what your options are.

>>23676061
based and true

>>23676187
aight I will
we have a pretty large diaspora everywhere

No 1 has any money

>>23675282
This

The "hyperinflation is happening already" retards don't understand that people have to purchase the money for it to really exist.

>>23676308
sadly people will