/biz/ - Business & Finance

god i hope so. fuck the dollar, this is what I've been prepping for for years

>>26099107
people need rent money not bitcoin dumb indian faggot, go fuck yourself. some of that might hit tesla

>>26099107
Sounds good to me

>>26099138
more like TSN and NKE

>>26099138
Niggers and women won’t pay their rent even if you give them free money. They will spend it on frivolities as long as the government will prevent landlords from evicting them.

>>26099138
Bro unemployment is like 6.5%. That's fucking nothing. That is regular recession tier. This idea that everyone is getting fucked over on their rent is a gigantic meme and straight up lie. What people are doing is milking the government for every last drop of gibs they're willing to break off.

Also, the only reason DC is toying with these ideas is because they know everyone hates them now and are hoping they can buy your compliance.

fuck, why whites are supporting that shit ?

>>26099326
Heuheueheu 6.5% nationally. Local rates differ.

>>26099355
Jews know the goys are on edge. They're can't afford any more chaos. They'll print to stem the tide

>>26099361
whites have plenty of lazy, poor retards

>>26099361
>NOOOOO ONLY BLACKS AND MEXICANS SHOULD GET THAT MONEY!!

The conservative-American mind is an enigma.

>>26099387
No shit, but that stimulus check doesn't differ locally.

>>26099138
Anon, you are retard and do not understand why BTC will be $100m EOY.
It's not because BTC will be valued so high, it's because this printing and gibs will kill US economy and USD will crash harder that Twin Towers.

if this goes through america is unironically doomed in 10 years

>>26099390
>Jews know the goys are on edge.
So they want to recreate Weimar with hyperinflation again? Looks like they outsmart themselves.

Make it 10K a month. Put the USA in infinite debt and let it sink into the ocean

stimulus checks aren't going to lead to the insane inflation you think it will. get out of your stupid lolbert echo chambers, whatever they are.

>>26099107
>Just absolutely fuck my economy!!

My employer cannot hire a soul because unemployment is paying off so well.
Fuck it accelerate.
Faster

>>26099355
it's a win win to me: we get printed gibs, our assets sky rocket, big gov gets to live another year

oh dear.

>>26099466
the jews were right about the goyim

>>26099476
that hasn't been true ever since the federal UE bonus expired like 6 months ago, retard

>>26099430
They want to stop social unrest from boiling over into a state crisis. >>26099483
I am worried they have opened pandora's box on this one. Now there is precedent for politicians to essentially pay people to reelect them, and for people to demand payment whenever there is an economic downturn. I wouldn't be surprised to see a UBI actually happen before 2030.

>>26099483
> we get printed gibs
For half a year before these gibs are worth nothing due to inflation, while all businesses are already fucked and closed.
>our assets sky rocket
In US monopoly money, not in BTC, gold or oil barrels.
>big gov gets to live another year
This is a direct loss to you.

>>26099422
>I remember when cheeseburgers cost a dollar!
>That’s nice grandpa. Your total will be $1,499.99. Would you like to super size for $500 more?

This is why the FR was created also. To take the reins of the economy out of congress' hands, since they were always highly inflationary and short sighted. With measures like this they've wrestled back that control. It cannot end well.

>>26099107
So why didnt yang get voted in? Hed prbably have been better than biden.

Ironic how his ubi seemed to be mocked and here we are where its being considered.

>>26099554
Haha, it would be more like
>I remember when I kept money in the wallet, not move it around on a cart.

>>26099587
Yang only promised $1000 a month, the cheap fuck. If we get $2k/month I'm putting it into gold and burying it in my yard until things collapse, this is fucking nuts.

>>26099107
Considering how a significant portion of the dollar usage and dollars, are outside of the US. It might be worth it to erode it.
Imagine two countries of equal size having the same currency, but only one of them have the ability to issuing new ones.
What would happen if the country with the printing press decided to double the amount of circulating money in it's country, doing so with helicopter money. One would assume that inflation would be 100%, you have made it possible to buy twice as many things without producing anything more. But because of the other country share the burden of a depreciating purchasing power of their currency, it might actually only be a 50% inflation.

I think they may be on to something, with this retarded helicopter money.

>>26099523
Got extended dumb guy

>>26099551
>not in BTC, gold or oil barrels.
would love to see you explain this away. commodities will skyrocket on a dead dollar. plus we'll have other countries dropping their treasury reserves and stuffing the dollars back in the US, so compound that harm by at least 2x. Where does the value flee to when the reserve currency is fucked? My bet is crypto and commodities.

>>26099107
Also intend to transfer that cash into assets. Not gonna be the guy who gets left holding the zimbabwea tier us dollar if it crumbles.

>>26099592
>>26099554

>brrr it's cold in here! Honey can you add more money into the fireplace?
>wheel barrows in freshly printed Benjamin's into the open flame

>>26099551
If you've known where to park your assets prior to hyperinflation, you're in a good place to hedge against this. If you didn't, well sucks to suck. BTC going up right now for a reason. UBI. Keep using the neetbux to buy BTC.

>>26099650
>commodities will skyrocket on a dead dollar
Commodities will never skyrocket in the fucking dying country.

>>26099107
>65% support hyperinflation

Somehow I think these polls are fake.

>>26099476
maybe your jew company should raise their wages, oy vey

>>26099107
If this goes through the lock downs will never end. People will be content.

You will sit in your pod and be happy. You will eat the bugs too.

>>26099607
No kidding. 1k was pretty sweet and i was ready to vote for him solely for that. At this point im fairly sure they are trying to devalue the us dollar. Need to transfer as much cash into pther stuff. Heck a stick of ram will hold value better than the dollar would. Even a toy teddy bear in pristine condition too

Could be preemptive programming for UBI.

This begs the question, why even work? $2000 is plenty as it is, + unemployment if you can still get it is them some.

>>26099633
>you have made it possible to buy twice as many things without producing anything more.
No, you have only doubled the price of everything by halving the amount of things an amount money can buy. This is what inflation is.
The main benefit to inflating USD is that people are encouraged (forced) to spend it on productive activity and it reduces the value of our national debts to do it.
So instead of letting sit under the mattress you buy stock or consume or start a business or whatever with your money. And when we lend gazillions to other countries and pay interest only, the real value of the debt after 20 years of inflation is much smaller.

>>26099720
>$2000 is plenty as it is
This. Thats enough for me not to put myself through wagecucking. Hate my current job and it pays horribly too.

>>26099718
>Need to transfer as much cash into pther stuff.
Ammo, canned food, fuel, medicine.
These will save their value for sure.

>>26099675
how? commodities actually have intrinsic value. oil, corn, wheat, etc etc. people don't stop needing it suddenly when the liquidity is worthless. why wouldn't people trade with different liquidity like gold/silver/crypto?

you that worried go buy some bullets. that should definitely be worth something after a few years of hyperinflation.

>>26099398
So is yours. He asked why whites would support it and you went full autistic

>>26099107
Republicans will laugh in Pelosi's face.

>>26099756
>No, you have only doubled the price of everything by halving the amount of things an amount money can buy.
UBI has an even worse effect of discouraging labor.
If you can do nothing and get half of what you would get if you work, then you are likely to drop the job.

>>26099768
>Ammo, canned food, fuel, medicine.
>These will save their value for sure.
Definitely. Just need to make the right choices so I dont get left bagholding something that cant be traded back with ease should the devaluation not occur in the near future (5 years).

>>26099695
No shit

>>26099811

The new Republic*ids will obey Pelosi like dogs though

i wonder what would be the result if you put it to a vote if we should receive 100000 but then we get to take 1000000 from you next year. how would the democracy work in that regard? work as intended?

>>26099782
Yeah, I misread your post, and you misread mine.
Commodities will have their real value saved, but land, real estate, labor, stocks, etc will devaluate.
So, the price of your house in USD will x100, but the loaf of bread will x1000.

>>26099326

>believing politicians...

http://www.shadowstats.com/alternate_data/unemployment-charts

>>26099863
Politicians only care about one thing, and its not your welfare ... it's re-election. I they do what Democrats want then Republicans wont vote for them.

>>26099107
I have some things to pay for, but if we can get $2k a month I'll have my -10k$+3k student loans paid off, plus a $2k down payment on a car, and I'll be pumping $2k a month around march-april into bitcoin

Benjamin Cowen is saying the USD is at a Jan 2018 low when it bounced back. You know what happens to BTC with a strong dollar?

https://youtu.be/TkqqQ2qKcEY

Time to sell.

>>26099107

Enjoy paying 300$ for a BigMac in the near future my fellow Amerifags.

Serious question, have these checks helped at all? How many have we had? 2 or 3 already, totaling less than $5000 for each qualifying taxpayer.

>>26099889
>using unemployment values that include people who are literally employed and is taken mostly from BLS where everyone else gets unemployment numbers

>>26099947
The only reason the dollar appears to be strengthening is because the 10Y yield is rising. If the yield gets any higher though the stock market will crash, which Jpow won't allow. Once they announce YCC the dollar is donezo. Get a mix of gold/bitcoin to maximize safety/gains for both extremes. If we get hyperinflation but shit doesn't hit the fan, BTC might become a new reserve currency, if shit really hits the fan you'll want a physical commodity as a store of value. Exit all fiat.

>>26099107
You know all of that saving you did while others got high and were irresponsiblewith their financial management? Well it was for nothing as your dollars become wallpaper. Oh and those assets you bought? It will all be “wealth” taxed away to oblivion.

>>26099970
No and they didn't stimulate the economy either. Most people saved them. Then they switched it to debit cards so you'd spend, but people went to the banks and asked how to deposit the card balance anyways.

>>26099970
It all looks very familiar. The Great Depression lasted a decade and at the end everyone hated Government intervention cause it always made things worse.

>>26099825
If that's the case then the job was improperly compensated.

>>26100042

>>26099964
/biz/lets thought the coffee/big mac standard for was a meme
LINK serves as an oracle for real inflation. if the token is worth $22, that means the true cost of a big mac is $22

>>26100063
What do diversity hires who aren't in charge because of their skills, but because of their persona do?
>money printer goes brrrrr

Really hope this is the beginning of the end of USA being important, I welcome our Asian overlords with open arms

>>26099138
Implying dumb sheeple are pumping Bitcoin.
Remember inflation hedge assets are there for conserving wealth, not making money.

>>26100059
You meant to say the doing nothing is improperly compensated.

>>26099880
it happens. hope we all get out on top of this mess. I have food, med supplies, emergency rations, guns/ammo, gold/silver, and a pile of crypto. like I said before, I've been prepping for this. hoping for the best but ready for the worst. fuck the dollar.

>>26099910
cept the republicans are dead now. right wingers know they have no representation in the gov. it's a good thing tho, no more controlled opposition for the puppet show. good set up to create a REAL political party.

Buy more bitcoin.

>>26099945
if we get $2k per month you're better off keeping that student loan as it will be virtually worthless.

>>26099483
more like no more Mr. Nice guy and time to take the gloves off Canada this going to get ugly over here

>>26099945
>paying off your student loans and immediately getting another loan
Zoomers

Did anyone else see the thread where the California anon couldn't use his unemployment money at Coinbase?

>>26099326
increase inflation so that our debt is meaningless.

>>26099720
they will simply adapt a crypto method that wont crash and sweep the old system under the rug. Its just the transition is a bitch so everything is chaotic. The anti inflation models of crypto allows wealth to flourish easily which is why they need to impliment so many control mechanisms because once everyone is finacially independent they lose power.

>>26100417
Elaborate

>>26100337
It'd be better to get a fixed rate house loan. The dollar's going down, so if you're still paying $2300 a month in 10 years, it'll be like living in the 50s with that low of a price.

>>26100171
Based

>>26100455
Well I'm thinking we wont be allowed to spend UBI on crypto. They don't want you to save it either. It is meant to flow back into the economy. My $600 stimulus was send on a debt card instead of a check, probably to discourage saving that money.

>>26100171
Kek. Actually makes sense.

I live overseas and was born a British native, how can I claim this money?

>>26100550
It will be a Debit Card that will only allow payments on necessities. As it should be.

A combination of several thousand recipients for the stimulus program would be enough to purchase a bid on the recently decommissioned aircraft carrier

>>26099976
I find the unemployment numbers sketchy at best, we lost like 700,000 jobs a day ago. Also the number of guys in 2 jobs or more plus or minus all the whiny graduate doc zoomers in plebbit forced to flip burgers for a living(should've done trades/lrn2code lol).

>>26099138
>people need rent money
Sure, just like the last time right?

And in a few months fags like you will say we need $3k checks for "rent"

>trump in office
>trump wants to give stimulus to poor ppl
>dem oppose it
>dems in office
>"WE WANT TO GIVE MORE STIMULUS TO POOR PPL"
jeez

>>26100550
>we wont be allowed to spend UBI on crypto.
Every restriction can be circumwented.
But you should better invest your savings into crypto, as they will devaluate. After you did that, you would have no spare money to invest in crypto anyway.

>>26099107
100,000,000 will be worth dick if that happens

>>26100677
Well it does introduce the cost of living problem. $2000 will do more in West Virginia than California.

>>26100677
Yes, because rent price will be adjusted.
Then it will be $4k.
Then it will be $6k.
Then it will be $10k.
Then it will be $15k.
All the way to Zimbabwean trillion dollar notes.

>>26100730
Which makes the UBI pretty based when you think about it, it's basically exporting wealth out of democrat shitholes into poor rural areas.

All I have in my account now is 786.96 after the 600 stimulus.

XRP. comfy hold

>>26100753
It could end up driving the poor out of the cities which seems to go against the agenda 21 urban planning theme.

>>26100209
USA is just a dying host the kikes have nearly sucked dry, Asia is next

>>26100771
For some reason, my wife and I didn’t get the second stimulus deposits. Guess we aren’t gib eligible this round.

>>26100730
I honesty wouldn't have a problem with it if not for the utterly stupid way they're giving out these checks. They should only go out to people who actually need it and/or are on unemployment. Instead they give it out to every retard who gets a tax return even if they're still employed and to people who don't even work and collect welfare, only to have those same retards spend it all on bullshit from Amazon and Walmart.

>>26100749
Don't forget student loan forgiveness and $15 an hour minimum wage nationally. These morons are literally asking for their own downfall and are too stupid to realize it.

>>26100799
So are we the USSR in the late 80s or early 90s?

>>26100550
Mentioned earlier itt. The debit cards started to encourage consumption because people were not spending the checks. Then they just deposited the card balance instead. The issuer has instructions about how to do that. Metabank iirc.
Anyways that anon should've saved the document that comes with the card explaining how to transfer the balance, then used his bank account to fund coinbase.

>>26100823
Do you think UBI could be sustainable if you could only spend it on domestically produced items?

>>26100851
I have no idea and don't really care. This is going to cause insane amounts of inflation when this is all said and done, and the mega corps will literally laugh to the bank.

when is the timeline when do those checks actually get deposited ?

>>26100851
>UBI could be sustainable if you could only spend it on domestically produced items?
No. It can only be sustainable if you barely can exist on it and will still actively look for a job.

>>26099107
>mfw my country's piece of shit currency will be worth something again thanks to Biden
I will invest all my gains in crypto

>>26101020
Thats what $2000 is anon, atleast in ny

>>26099248
This is unironically the correct attitude. Spending money on things that are free is a surefire way to never make it.

>>26099326
"Milking the government" is a funny way of saying "taking back some of the money the government has taken from us"

FUCK basic pay or whatever the fuck these kikes keep calling it. They push it and push it and push it and push it. I don't want that fucking bullshit, and if you can't see that jews are insinuating this garbage idea into public discourse you're an idiot.

>>26101091
Except that's not what they're doing. They're not giving the money back, they're printing more of it while raising everybody's taxes again. How are you not getting this by now?

NPR's Marketplace has been shilling UBI for close to 4 years. They are basically a public relations operation for the Federal Reserve Bank so it makes sense that this was always the end goal.

>>26100851
Back when yang was relevant I did a whole analysis of his UBI to answer all manner of questions about. Even had a model. It comes out to zero net effect. Basically it will not grow or shrink the economy and would also not cause long run inflation (all short run effects are totally on the table though). That was with $12k/year, which is below the poverty level. And in his plan the money is coming out of other transfer policies such that welfare becomes UBI.
As far as this goes. Assuming a $24k/year UBI starts with all else constant, no, it's probably not. No matter how it's spent. We don't have the budget for it. Now if you want to eliminate welfare and replace it with this then maybe. But that's still an inefficient way to do transfers and the amount is above the poverty level and >>26101020 .
>>26101091
Government has no substantial revenue streams aside from taxation. Every dollar they give you today is a dollar plus time value they tax tomorrow.
>>26101106
Honestly it really seems like a last ditch effort to bandaid an obviously broken economy. When you're at the point that you find it necessary to establish a minimum income, it's a sign.

>>26099361
the economy and government are already fucked I'm gonna put every cent of those checks into crypto like many others and bitcoin will likely hit a million by the end of the year giving me the perfect retirement fund for thailand. Lifes good.

>>26099422
like we were't gonna end by 2040 anyway

>>26099138
>people need rent money not bitcoin dumb
You don't think any of that money will trickle down tho? Really? None of it to Bitcoin? Yet of course it'd go to Tesla... riight.

>>26099138
People becoming homeless because of Coco's covid is just a meme. These trendies are going straight to Robinhood

>>26101079
>$2000 is anon, atleast in ny
Your standards of living is too high.
You will not live in New York City, you will live on outskirts in dirty barracks with 49 other roommates. You will not order pizza, you will eat rice that you will cook yourself on the common kitchen and your only spice will be salt.
That is the optimal level of UBI.

>>26100815
>Guess we aren’t gib eligible this round.
Perhaps neither of you is, but be sure your wife's son is.

>>26099361
Whites should actively support something that will benefit them for once in their life. Either they get money, or they can watch a system that hates them collapse and the currency made worthless.