/biz/ - Business & Finance

Does this mean I can get a cheap bank loan to buy crypto with, or will the banks still gouge me?

Do they want more people indebted to push the great reset?

>>23693817
Banks are unlikely to pass this onto consumers. On top of that they wouldn’t even give you a loan for that anyway. If it’s not property they won’t give you a loan.

>>23693845
I don’t see that as a primary motivation, but it’ll be convenient for the powers that be to have as much debt as possible so that they will have leverage over everyone when they decide to finally do it. This just seems like the predictable move by the RBA to do whatever they can to ensure that money keeps flowing in the economy, even if its becoming less and less effective. It’s interesting that there are comments about not wanting to go into negative interest rates, yet they also weren’t planning on another rate cut after 0.25%.

>>23693845
People need to keep buying things to fuel the forever bubble. People aren't buying things atm, so hopefully if we give them cheap (free) money they'll start spending it again

I hope these greedy Jew banks collapse. The quicker the better

Does that mean I could lock that in for 20-30 years??

Can someone explain to a newfaggot why this is a bad thing?
Be nice pls im trying to learn

>>23694191
yeah it's like your tezor

>>23694224

It makes pussies sad, otherwise it's fucking great news

The rich get forced to invest their money because inflation will destroy them

>>23694191
No, but you’ll essentially locked in because there is absolutely no room for central banks to raise interest rates as that will collapse the financial system as we know it. So the solution is to just keep digging a deeper hole and let the next sucker deal with it until it finally blows up.

>historic debt crisis
>yep, MORE debt will fix it!

How do they even convince themselves what they're doing is right

>PLEASE PLEASE PLEEEEEEASSE GET A 30 YEAR MORTGAGE GOY, IT HAS NEVER BEEN A BETTER TIME TO BUY AAAAAAAAAAAAAAAAA
No, don't think I will.

>>23693909
>It’s interesting that there are comments about not wanting to go into negative interest rates, yet they also weren’t planning on another rate cut after 0.25%.
Very interesting indeed.

>>23694312
Because most people have no idea what any of this shit even means, let alone whether they should feel any kind of emotional response to it.

>>23694252
invest in what? The rich is putting money in bitcoin and gold, those aint going to drive the market furthering the liquidity crisis.

>>23694252
Yes, because the rich keep their wealth in cash.... Fucking brainlets I swear.

>>23694252
there is no inflation

>>23694826
kek this,
>you know what bro im loaded im just going to let my wealth sit in a bank rather than invest it to generate more income

>>23694191
No, its the governments recommendation. The banks don't (and won't) have to pass it on. Idk why the government doesn't just say fuck the banks and start offering loans themselves.

>>23693817
Personal loan and credit card interest rates are unaffected. So no. Fuck you.

>>23693799
There's no 30 year fixed mortgages in aus mate

Such a fucked up sign for our economy.

When interests rates are high = properties are cheap.

When interest rates are low = properties are overpriced.

That's why rich ppl wait for interest to go high, it's impossible to be 10% interest rates when medium houses are 500k.

But it's possible when they are 250-300k. That's why rich ppl get wealthy in times like this.

No rich ppl are buying houses so I wouldn't touch them, there offloading them, go watch that aussie nerd Martin north. Data shows 1.4 mill+ apartments vacant + unemployed = buy a house could be like nap fags in 1990, still there houses are under the price they paid... That's Japan, our economy is fucking shit and concentrated, were fucked.

>>23696335
Yeah buying a house is such a bad deal. Especially when you can just buy bitcoin and chainlink instead and rent.

Right now I am just starting my business and buying crypto. It's all that matters to me and it makes the most sense fiancially to me right now. Hopefully in 10 years when I am 30 I can retire or at least take it easy with my crypto gains.

>>23696315
That’s the best part, there are people in this country who will still fomo into real estate because interest rates are down (for now).

How long can the real estate bubble last for?

Surely they'll do anything to keep it inflated because letting it pop is political suicide

>>23694098
Probably sooner than you think. At the moment central banks create money which gets to the public via commercial banks as intermediaries
If you read establishment reports on cryptocurrency and the Great Reset the plan is to deliver digital currencies direct to people's wallets from the Central bank, bypassing intermediary banking entirety
In the next ten years the banking industry as we know it is in big big trouble

>>23693845
no they need people(investors not you) to buy more houses to stop their own investments in the housing market tumbling down.

just sit tight it's gonna be biblical.

>>23694312
As opposed to what, spending less money? Yes, debt will actually fix this

>>23696387
Hello literal child

>>23696576
How will digital currencies make a bank obsolete? People will always need accounts and loans.

>>23696387

>>23697110
DUDE JUST LIKE, CONSTANTLY CONSUME AND INDEBT YOURSELF AND NEVER HAVE ANY SAVINGS AND WHEN HARD TIMES HIT AND THE PONZI SCHEME RUNS DRY WE'LL JUST PRINT MORE MONEY BRO

>>23694191
30 years is the standard period of time you have to pay off a home loan is ausland. If anything they should extend this to like 50 years lmao.

>>23697110
>Yes, debt will actually fix this

Please explain how and when you fail to do so commit suicide immediately

>>23697175
We're called "consumers" for a reason
You can have reasonable debt
Or maybe I should analogise in your style

DUDE JUST LIKE, PUSH DOWN ON THE ACCELERATOR AND DRIVE INTO A WALL, EVERYONE KNOWS THAT'S WHAT HAPPENS WHEN YOU GO FORWARD WHO THE FUCK WOULD BE SO STUPID AS TO DO THAT? JUST KEEP YOUR FOOT ON THE BRAKE

>>23697183
If you can't pay off a mortgage in 30 years you probably shouldn't get one in the first place

>>23697207
>DUDE JUST LIKE, PUSH DOWN ON THE ACCELERATOR AND DRIVE INTO A WALL, EVERYONE KNOWS THAT'S WHAT HAPPENS WHEN YOU GO FORWARD WHO THE FUCK WOULD BE SO STUPID AS TO DO THAT? JUST KEEP YOUR FOOT ON THE BRAKE

I unironically have no idea what point you're trying to make here, you certainly didnt address anons point however.

You seem to have been brainwashed by keynesian economists into believing debt is some unavoidable force of nature that every economy needs.

>>23697254
>>23697207
>>23697143
>>23697126
>>23697110
oy vey

>>23697143
>>23696576
Defi is proving that very small startups can scale without any real limits. That boom is going to send chills through most banks, I'm sure some are investigating already.
We're in early times for Defi and collateralised lending - the centralised banks will either need to launch competing products stamped with their names for normie trust or they will continue lose market share.
I can only see gov's launching CBDC's if they build in reversible transactions. When paper money is killed it will probably create a bigger gold grey market.

>>23697195
Loans for capital investments. Capital expenditures stimulate business and grow the economy.

>>23697296
Point out one economy ever that has existed without debt

>>23693799
I personally own 8 properties around Melbourne and am holding about 900k in debt. Does this mean I can borrow against them at .1% interest and effectively buy 10 more with almost zero risk?

>>23697366
Don't you get tired of making intentionally stupid posts?

>>23697377
Don’t you get tired of being poor?
kek fuck off wagie

Economy is fucked. Yet I see pajeets are taking mortgages and infiltrating from Telstra to Gov jobs to secure their EMI. One retard I know never coded and on a 150K team lead position. Australia was never a meritocracy and paneer-gangs are just leveraging it. I hear the term often “let’s milk company X” - whites doesn’t care / management doesn’t care / pajeets don’t care anyway. Never heard such phrase in US. Hiring is a shot show. And now they are prohibiting people to leave this fuckland giving excuses for COVID.

>>23696538
Fell for the market is a bubble meme

>>23694312
>How do they even convince themselves what they're doing is right
They're just following (The) Protocol(s)

>>23698027
I'm stuck studying for another 2 yrs.
Can't wait to leave.

>interest
>Haram
No!, I don't wanna be a Jewish owned slave.

>>23693799
Heh thats nothing kid.

0% on my savings account