/biz/ - Business & Finance

>>29610839
eli5

nothing ever happens. jewish tricks will keep the money system working one way or another

>>29611619
A decade of near 0% interest plus 20% of all USD created occurring last year is causing inflation to go up*

*The FED only defines consumer goods as inflation and healthcare, education, housing, assets......... because then we would have had 10%+ inflation for the last few years
>>29611705
the trick is just to redefine words

>>29610839
Well then it doesn't matter and we might as well go on with it.

>>29610839
And how do I profit from this?

>>29610839
all debt is meaningless

>>29610839
gooooooood GOOOOOOOD

>>29612418
BTC

>>29610839
Nothing will happen, because central banks are in charge. Nothing will crash anymore. They will just print more money and tell everyone to pretend it has value.

>>29612418
Refinance your house and buy gold & silver.

Unironically.

“Reopening” is a meme, there’s very little market activity that’s not taking place at this point

>>29612507
As long as the chinese play along, your burger economy is owned by the chinese nowadays and theire is also the Jew York problem. A war between Murrica and China would fix most of your problems. I wouldnt be surprised if it happens.

>>29612432
Yes it has meaning, you dumb ass. You are causing this problem

>>29612761
no its just a artificial number that (((they))) use to keep people enslaved

>>29612280
>20% of all USD created occurring last year
*80%

>>29612280
>plus 20% of all USD created occurring last year is causing inflation to go up
your behind the times anon, you should check the fred page today
its almost 80% of all dollars created were printed last year, there was a thread about it earlier today

CRANK CRANK CRANK CRANK CRANK

>>29612280
This, CPI being the basis for defining inflation is the most kiked out bullshit we've ever witnessed. Yeah, your mortgage bills, rent, college debt, and insurance premiums are all skyrocketing, but hey, MILK ONLY INCREASED BY TEN CENTS SO ITS ALL GOOD

>>29612895
>>29612907
Jesus christ... honk

>>29610839
bitcoin to $100k by march

>>29610839
why do you keep posting this faggot's tweet? is he paying you for it?

>>29612574
i'm never buying that shit ever again. held the dumb metals for a decade now. i will never break even on them inflation adjusted. it's a fucking money sink.

>>29612280
>10%+ inflation for the last few years
so few people understand...

>>29613220
At this point, I don't even know how to properly assess the crypto markets anymore. Based on past trends, I was estimating 100-200k BTC as the market cycle peak. But if the hyperinflation really does kick in, then we have to account for that, and the nominal value may go way higher.

I wonder if anyone's done something like SFXA modeling but with inflation-adjusted dollars as a reference.

I'll plan the funeral for the USD when these three charts reverse direction. Until then, OP can suck my dick.

>>29613374
it doesn't matter so much for bitcoin
annual +360% or +370% makes no difference really.

>>29613175
wait we havent even gotten to the true clown part yet
see pic related double check for yourself if you don't believe it
>its okay we just made a minor account error
>bob from compliance found a few dollar bills behind the rolodex
>we need to add another 11 tril to the number, is no biggie

Why is his page name Cassandra? Has anyone confirmed this is the real Michael Burry and not just a LARP'ing pajeet that works on wallstreet?

>>29610839
We all know the economy at this point is a tricycle that's missing two wheels and with a flat tire going down a windy mountain road and when it falls off the cliff there will be no salvaging it. The problem is we don't know exactly when it falls off. There's no real point in worrying about it because nothing you do is going to save you from it.

>>29613312
they are insurance against inflation or total societal collapse. we didnt see either of those in the last decade so they never became extremely valuable. you dont buy metals to make "SICK GAINZZZ BRO!!!11"

Haven’t you learned by now that central banks can kick the can down the road forever? Don’t overthink it

>>29613668
such a fitting name tho... nobody believes him until it's too late.

>>29613619
why did they retroactively change the m1 supply?

>>29613668
Cassandra was an ancient Greek priestess cursed to foresee the future. She wasn't particularly well liked because she always told the truth.

>>29613768
yeah i know but when society collapses brass will worth more than gold. even canned food will.

>>29613374
>I was estimating 100-200k BTC
the trend going is harder than the 2017 bullrun
the current target is about 400k somewhere mid october
and that isn't counting whatever clownshit is till being played
1 million eoy might even be fud at this point
and i am not even trolling thats the worst part

>>29613668
Cassandra is from greek mythology. She has the power of prophecy and in fact warns the Trojans about the Odysseus's wooden horse, but due to a curse from the gods no one believes her prophecies--even though she's always right.

>>29613550
compounded, it does.
For example, if inflation every year from 2017-2020 was 10%, and then real inflation for 2020-2021 is even higher, oh say 20% , then that adds up and compounds to make a huge difference.

>>29613668
read a book, nigger. Cassandra was from greek mythology, cursed to know the future but for nobody to listen to her.

>>29613922
and what will we use as a medium of exchange, anon?
if i want to trade my canned food for your bullets but you already have canned food and want medical supplies then that will be an issue. there needs to be a medium of exchange

>>29613858
you already said so yourself
honk honk

>>29613971
Suck my dick nigger.
>>29613915
>>29613848
>>29613935
Based sperg.

>>29613971
like i said not that much.and i was wrong because it's the other way.
say bitcoin made you +360% annually but real inflation was 10% then 350% was your compound interest in purchasing power.

it's measurable difference but the bet is so asymmetric it doesn't really matter.

>>29610839
and that's a good thing.

>>29614034
pretty sure he just invests his 2 bullets into your dome and takes your canned food anon.

>>29614034
>and what will we use as a medium of exchange, anon?
bullets
we will exchange fire then throw rocks for the last can of food.

>>29611705
Yeah because they bought all the crypto, we're just riding on their backs, the nocoiner goyim will stay poor but we are the Shabbos goy

>>29612895
Drop dead FRED.

>>29614034
LARPing about mad max scenarios is pointless masturbation. If things come to that, literally all your investments/property/etc becomes meaningless.

>>29614176
>>29614210
>implying societal collapse is a call of duty deathmatch
>implying i and every other metal stacker dont also also have heaps of lead and guns for every family member

>>29614351
that was kinda my point. and this is why i think gold is just fucking stupid.

Why shouldn't I just liquidate everything and wait for the crash?

>>29610839
Hey, at least when hyperinflation comes we'll all be millionaires.

>>29614396
you need to look no further than history or contemporary africa to see where collapse of society leads.

>>29614246
It's honestly a sad state of affairs that I want the hyperinflation to kick in. More than 95% of my nominal wealth right now is in crypto/stocks/assets. I don't lose a thing if hyperinflation kicks in, and infact, benefit even more (even adjusting for inflation) by all the people frontrunning the dollar collapse and jumping ship.

>>29613922
If society degenerates down to trading brass and canned food, the deed on your house won't mean shit, the license for your car won't mean shit, anything printed on paper won't mean shit. Precious metals will be your best tool in bartertown.

>>29612280
inflation will be in europe at worst

>>29614418
>and this is why i think gold is just fucking stupid
kek. thats why you held it for a decade through a massive market bullrun? something is stupid here, but its not the gold.

>>29614418
my mistake then, I agree. It always bothers me when the goldbug boomers come out of the woodwork with their mad max shit, saying "hurr durr when the collapse happens, your bitcorn network isn't going to work anymore!!!"

nigger I'm just going to shoot you in the head and steal your shit anyway.

>>29610839
doesn't really matter they have already begun to spin up media stories on how 'hot' the housing market is now. they will just inflate away the value of boomers homes and encourage boomers to take equity again just like they did post 2008. the entire world economy now runs on funny money and no other players are ever going to stop the music and scramble for chairs because they are all fucked if it does

RSR

>>29613374
the cost of electricity is going to skyrocket either that is good for crypto or it goes too high and kills crypto by killing miners

>>29614559
i held it because i didn't want to sell it at a loss and then pay fucking TAXES to rub it in.

>>29614176
You'll end up liquidated with that trading strategy.

>>29613934
I've been calling for ~400k for a while just based on s2f. Take a look at s2f, see how the median line chad steps up every market cycle. Notice the price peaks each cycle about halfway between the projected chad step floors. Well, halfway between the current step and the next is ~400k. So yeah, my s2f analysis suggests about 400k

>>29614791
Not really relevant because you're talking about cost in terms of the dollar, whereas electricity for mining crypto is something that doesn't need to have dollar amounts attached to it. If tomorrow, the dollar is suddenly worth half as much, your electric bill costs twice as much, but the ethereum you mine also costs twice as much, so it's a wash.

>>29614621
if society collapses i don't really want to live to see what comes next. i will probably just off everyone i love and then myself.

>>29612280
>housing
and even then it only includes the monthly cost. basically rent. they don't take in to account the inflation of the cost of a new mortgage, only the cost to service an existing one.

>PLEASE GOYIM BUY THE TOP ITS GOING TO INFLATE

>>29614791
That just means all miners will be in China

>>29613619
can somebody explain, if there is 8x as much money circulating as 10 years ago, why does a big mac not cost 20 dollars

>>29615252
It will soon, more like $100.

>>29615252
>why doesn't inflation hit and permeate the entire market instantly

>>29613403
It will happen very quickly.

>>29615252
We have a high savings rate right now + there have been many advancements in technology to make your mcburger cheaper and cheaper.
td;lr: inflation is in the open for every asset except cheap consumer products

>>29615411
well you can see the inflation happening with stocks and real estate but why has this not happened to consumer goods, food and shit

>>29614957
nigga you are a moron congrats

>>29612907
what the...

>>29613934
>1 million eoy
stop posting any time

>>29614621
>nigger I'm just going to shoot you in the head and steal your shit anyway.
You'll just end up hunted and killed by more organized groups who are prepared to defend themselves.

>>29610839
Time to buy APU B)

https://www.apucoinrocket.com/apucoin/

>>29615530
>to make your mcburger cheaper and cheaper.
The price of a burger has doubled and the amount of real beef dropped by half

>>29614791
>the cost of electricity is going to skyrocket
They’ll ban mining if miners hog electric generation

>>29613971
>Cassandra was from greek mythology, cursed to know the future but for nobody to listen to her.
Bump

>>29615551
in a way it has. there are fewer "sales" since march. half of the grocery store used to be marked down at any given time. now it's more like ten or twenty percent.

>>29615530
>We have a high savings rate right now
we also have forbearance on lots of debt too.

>>29615252
Because the bulk of that money is either going to other countries or straight into a few bank accounts where it will never be circulated to the public. If the money is not being circulated into the actual market you aren't going to the prices of products from your local stores suddenly skyrocket.

>>29615638
yeah i know it sounds ridiculous
but its only a 2.5x from the charted value and we have another 8 months of clown world until then
a lot of honk can happen in that time

>>29614545
I love how they're trying to put a positive spin on the coming inflation for the sheeps, since they can't stop it from happening. Literally none of those "reasons" are even close to reality, holy shit it makes me mad at how much they're lying through their teeth.

>>29615551
Poor people get stimulus and immediately spend on food and rent.

Rich people get stimulus and spend it on stonks.

Rich people selling other rich people those stonks keep the money in case they can buy the dip.

Stonks go up and money gets trapped inside black hole savings accounts.

This is why central banks worldwide are trying to push centralized digital currencies. Everyone will have a one savings account at the central bank. Physical cash will be illegal. And whenever you don't consoom enough they'll type some numbers and take your money away.

>>29615982
Do you know how math works

>>29616162
PR firms exist for a reason: damage control and risk management

>>29615905
+1

>>29613668
>Cassandra was loved by the god Apollo, who promised her the power of prophecy if she would comply with his desires. Cassandra accepted the proposal, received the gift, and then refused the god her favours. Apollo revenged himself by ordaining that her prophecies should never be believed. She accurately predicted such events as the fall of Troy and the death of Agamemnon, but her warnings went unheeded.

>>29616198
>Physical cash will be illegal. And whenever you don't consoom enough they'll type some numbers and take your money away.
This guy gets it
Eat the bugs.
Live in pod.
Buy the Netflix subscription.

>>29616433
Live in perpetual economic slavery, more like. Saving is the only way to purchase capital and move up the economic ladder, a full-consumption society will literally equal zero societal mobility.

And yes, I know that's what (((they))) want. Jesus it makes me rage knowing they're getting closer and closer.

>>29616433
Not just Netflix. Even your pants will be a subscription.

>>29616868
And I will love it.

>>29614034
>>29614546
*Shoots you and steals your shitty boomer rocks and case of onions*

Now what?

>>29611619
money

>>29614546
WOW IM STARVING TO DEATH.

MAYBE THIS GUY WILL LET ME BUY SOME CANNED FOOD FROM HIM FOR A USELESS SILVER COIN

>>29617028
Only a bugman would equate "collapse of industrial society" with "I'm dying".
There will be new systems and new independent communities. Trade between groups will exist.

>>29613935
wow Burry is really up his own ass ever since they made a movie about him, huh

>>29613668
he's a schizo larper

who cares, I made 1.7 million off chainlink - we can crash now idgaf

>>29612574
>buying this chart and not bitcoin and eth
Lmfao

>>29615252
>he thinks it trickles down
it don't

>>29610839
They're gonna kill this autist aren't they? He's gonna an hero randomly one day with 2 shots to the back of the head.

>>29617433
>he sold
Ngmi

>>29612574
go back to /pmg/, boomer.

>>29610839
Well USD rebounding rn would be bad for crypto anyway.

>>29616962
Me and the boys form a possy and hunt you down, just like the good old days.

>>29611619
go back

>>29617356
actually i'm pretty sure that account is proven fake. there's literally no evidence it's actually michael burry and it used to have weird arabic shit for the name and bio

>>29616418
bro why didn't she just predict the opposite of what she knew was going to happen

>>29612574
Dont use Miko to shill your boomer metal, you cunt.

>>29618337
I'd rather live in peace in a foreign country than play Cowboy in Burgerland.

>>29612280
Kek

It got revised this morning

More like 70%

>>29614904
Where the fuck do you live that you get taxed on losses?

>>29615638
1 million eoy isn't impossible if dollars are worthless

>>29615713
>You'll just end up hunted and killed by more organized groups who are prepared to defend themselves.
exactly, this is what the zoomer retards who think they will just go around as bandits killing people don't understand, community will be back to normal once we desegregate. they were born into this alienated internet world, anyone older than 25 remembers a time where community was still strong.

>>29612895
where'd all this money go? did the old kikes want americans using wheel barrels to go shopping but forgot about something?

>>29618688
>we desegregate
this should obviously say resegregate kek

>>29610839
How long was this tweet even up for? Was it even real? He deletes shit so fast.

>>29618358
heckin' rude

did the twitter just get suicided?

>>29615252
Consider this: why has the stock market defied everyone’s expectations and reached new ATHs despite countries being locked down and mass job losses with people taking mortgage holidays? Why is real estate still going up? All the money printing flows straight into the financial system. None of the money reaches the everyday pleb loser, which is why your Big Mac hasn’t inflated in price the same way stocks and real estate has. This is all very deliberate and by design. Most people are too stupid to realize they’re being scammed like this, but the moment their hamburger costs $20 they’ll be rioting in the streets.

>>29618719

Its on balance sheets and savings accounts.

Its definitely going to come out in the spring unless they keep ppl locked in

>>29611619
basically the inflation expectation is increasing vs the rate. so inflation expectation keeps going up. so inflation come and make us all rich cause we are all 100% btc (right?)

>>29616798
>Saving is the only way to purchase capital
capital isn't purely financial. we should be focusing on building other sorts of capital while not ignoring the financial kind.

>>29613971
HOLY SHIT A GREEK GODDESS IS HOVERING OVER MY PORTFOLIO

>>29612574
Refinance?

>>29619211
"Saving" isn't exclusively financial. When you decide to work instead of having fun and smoking weed, you are engaged in saving vs consumption. "Saving" should be understood in economics term instead of purely financial, though the financial concept is extremely relevant both because we live in a currency economy, and because we're discussing digital cash.

The biggest point is that digital cash makes any kind of large capital saving difficult, which is the surest way of generating inter-generational wealth and leaving your kids better off than you were born. They want you and your offspring under their thumbs forever.

>>29610839
He deletes his tweets? Just like those riddlers on twitter spooky!

>>29619211
We have already, information is the highest value

>>29614969
Society wont collapse, it will just enter neofeudalism you idiot and YOU will be the winner who can unironically buy women

>>29610839
>>29612280
you know what this is bullish for right?

>>29613123
this can't be said enough.
i scream it from the rooftops too.
based anon.

3% daylie inflation wasnt a meme was it?

>>29611619
>govt issues treasuries (debt)
>there's competition to buy the debt, so govt bids buyers against one another by seeing which buyer will take the debt at a lower interest rate (yield)
>so when lots of buyers --> low yield, when not a lot of buyers --> high yield
>but govt has so much debt, that it can't really afford for yield to get too high or it wouldn't be able to meet debt payments
>so when there isn't enough demand to keep rates low, Fed usually buys the extra
>Fed also says "whaaaaat that's not why we're buying govt debt you're crazy" but everyone knows it's why they're doing it but we also know they have to pretend it's not
>however recently, govt has created SO much debt that it's becoming hard for Fed to even buy enough without completely shattering the illusion their intention isn't suppressing yields
>they really don't want this illusion to shatter because then everyone will realize "oh my god DC is going to print the dollar into oblivion and the Fed isn't going to do anything to stop them"
>so Fed is trying their absolute hardest to wait as long as they can and do as little as they can
>but with new stimulus coming up, it's unlikely they'll be able to wait much longer
>accordingly yields are starting to rise
>also if rates go above a certain point, there's a worry that people might start selling their stocks to buy govt debt, which is a problem for a whole different slew of reasons namely that it might pop the stonk bubble, but don't worry about that part you don't need to understand it to understand what's going on

tl;dr Fed isn't buying enough govt debt, will probably have to soon or very bad things happen for govt and stock market

>>29613123
how do they suppress the stuff in the cpi from increasing in price due to the inflation?

>>29613668
You never played soul calibur 1-3?

>>29611705
all according to plan

Is this really the happening? in 2008, everyone ignored all the signs until lehman and bear sterns went down out of the blue.

The fact that gamestop is pumping again blows my mind.

Alternatively, the federal reserve has created this normal and we should expect this as the new normal.

>>29612895
>>29612907
>>29613619
>>29618641
holy shit

>>29621281
wow. an actual explanation. dont know if its accurate but thank you

>>29621347

Well...they cant for very much longer. They are running out of places to put money

Stocks
Healthcare
Crypto
Real estate
Education
Insurance
Service work


All of these things have seem ridiculous increases last year in price...well over 25%

Food is heavily subsidized and electronics and clothing are made with slave labor.

Matter of time

>>29612574
They hated him because he told the truth.

>>29612418
You have to become jewish

>>29610839
USD is the biggest Ponzi Scheme in the world. The entire cryptocurrency market does not compare. The jews will literally print anything in the media to stay in the old system. "It uses too much electricity." How much electricity do video games or cell phones use? Social Security is the cherry on top of the ponzi. "If I work hard the govt will take care of me." But there is no real way to boost the economy except through more workers and home loans. Its all totally fucked and will collapse in our lifetime.

>>29621281
nice explanation. can you explain what happens to us that hold long duration treasuries? They have been going down for a long time.

>>29614500
Those people aren’t white though

>>29612574
My bank stopped giving helocs

But in all seriousness bitcoin has been fantastic for libertarians and gold holders even if it does suck some value out of the metals.

Bitcoin has educated a entire generation of people on the term 'fiat money' After all if all the crypto kids are going ape shit over 'digital gold' doesn't that mean that actually gold must be good and not just a barbarous relic? Bitcoin is basically converting mass swathes of the population into believers of Austrian economics.

Not to mention something that has always elicited the libertarian movement was a chronic lack of capital, since most libertarian's would rather advocate for sound money then actually go out and make money. Bitcoin has essentially bank rolled tens of thousands of libertarians so that as a good believers in sound money and free markets have been strengthened.

>>29622202
Neither are amerimutts

>>29613374
Bitcoin hitting the $100k - $300k range is with inflation in mind.

>>29611619
Dumb sour grapes OP copes about not participating in the markets

>>29622288
It's kinda funny to hear many big name crypto ceos sound exactly like ron paul when talking about the financial system and money creation.

>>29622288
nice dubs. the answer is to buy commodities then.

>>29613312
fucking retard, sell your stack to me rn, you clearly don't deserve to make it.

>>29622288
Based

>>29621710
this was from december 2020
>With the RBA, BOE and ECB all set to monetize 100% of domestic net issuance – in other words, central banks will henceforth fund the entire sovereign budget deficit which is what MMT and helicopter money is all about – it’s only a matter of time before Jerome Powell will join the club, and we expect that at some point in the next 3-4 months, the Fed will announce it too will double its monthly rate of debt purchases.”

>The Fed is currently buying about $80 billion worth of Treasury debt and $40 billion in mortgage-backed securities — or M.B.S. — per month
so $160 billion per month expectation
the market rallied today on the expectation that the fed will likely ramp up QE

>>29621281
upboat

>>29622075
Idk I'm not like a bond trader or anything. But desu idk why you would hold US govt debt at all, the rates are kinda shit. Literally just park your money in stablecoins and LP on Uniswap or Sushiswap man.

Silver as purely a industrial metal in undervalued. Even if we assume 0 monetary demand for silver, the silver price still needs to go past $100 simple to accommodate industrial demand for the metal. The green new deal needs silver, electric anything needs silver, it's a depleted, essential industrial metal that is part of the bedrock of the modern economy.

But it has also for thousands of years been a monetary metal, in French Silver means money (argentum) in fact in many civilizations the word Silver has meant money.

Silver is undervalued compared to gold, silver is 50% down against it's 1980 nominal high and way more down compared to it's asset inflation adjusted high. Silver is depleted in industrial processes and thrown into landfills whilst all the gold ever mined is basically still in vaults somewhere.

Silver is basically gold on steroids, of course it is massively manipulated so while the opportunity of someone buying physical silver today is astronomical, until the manipulation of the paper price ends (the music stops) then it will probably sit still under $50.

It seems to me that the price of physical silver will only go up massively in a genuine currency crisis of the USD that causes a general loss in confidence. 30000 redditors buying 100 ounces each was almost enough to cause the comex to default.

What happens when even just 1/100 americans decide they want to own some physical silver just in case? The only way to get physical silver is to do it NOW before the music stops, the music may continue to play for years to come, but if the music suddenly stops then you only need to look at Weimar Germany to see what happens next.

nothing will happen sczhio fucks

>>29615252

because it depends where the money goes.

If the fed prints 100 Trillion dollars then shoves it into a furnace inflation won't budge

if the feds print the same amount and it essentially gets tied up in banks and other garbage vehicles for 'investments' then again inflation won't rise but instead stocks and assets will go up in value


All this money being created isn't for regular plebs, close to 40K per adult in the US has been created in the last 12 months, so why hasn't there been any inflation ?

>>29621281
I remember those videos of Farage speaking in the EU Parliament about the bond yields and everyone just jeering. It's gonna happen again, isn't it?

onions

lel

>>29612280
>>29612895
>>29612907
depends if you look at M1 or M2

>>29614921
Kek if 1m happens basicly all value of currencies in the world tanked to the ground

>>29614161
maybe second chances are real after all
hes coming back.

>>29613374
Honestly mate I think we're headed to $500k-$800k. Seriously.

>>29612280
Is this worse than the Chinks manipulating their currency for decades? Seems like we have opposite strategists that may work to be zero sum in the end.

>>29614918
Underrated comment

>>29613915
She was blessed with foresight but cursed to never have her prophecies believed.

>>29615252
think of it this way

why, with all the improvements to tech, etc. is the burger still roughly the same price?

>>29621281
So if we buy bonds now I.E 10 year will the yields rise on those? Or we get locked in on the yields. OR is the interest rate the setting theyield?

>>29623278
In German gold means money, Geld is basically Gold pronounced with a jewish accent

>>29610839
Buy the BTC dip and HODL for your life

>>29623561
Asset inflation is inflation
And more importantly, food has been hyperinflating as well. Compare the cost of a combo meal from 10 years ago to today. It's gone up by roughly 80 to 100%. 10% a year for 10 years straight in price increases is insane, but most people are too blind to even see this.

>>29612574
Why the fuck is everybody using this word "unironically" all the sudden?

Especially when what they actually mean is "ironically"

Australian here, I wish I could understand the impact on us. The USD is like 90% correlated with the AUD, and yet simultaneously I see this article
https://www.abc.net.au/news/2021-02-25/rising-australian-dollar-pointer-to-higher-mortgage-rate/13187510

about raising interst rates in Oz and thus doing the complete opposit of inflating. The blend of these two things is what I need to figure out.

>>29624719
False. McDonald's has made severe compromises to the dollar menu. We used to be able to get double cheeseburgers for a dollar.

If the consumer basket includes education, housing, and healthcare, why has its rise in price been so mild?
Are doomers exaggerating the amount of inflation we've seen or is the CPI literally a lie? Are they imagining the average family rents a 1BR and attends community college half time?

>>29625117
Wages also

$15 minumum wage is the just the start. Kek it will be $50 minumum wage in 5 years.

>>29625337
simple: australia has a future, the us doesnt

>>29625297
canada's in a similar position. strong commodities rally, both aus and canada sell natural resources. according to our economists, the economy bounced back quicker than expected too, which also means likely higher interest rates.

>>29625176
no. they are not being ironic. its basically like saying "literally"

>>29625337
literally a year or two ago.

Every payday i go there since 2013 and get my usual : 3 Double cheeseburgers with mac sauce, 1 quarter pounder, 2 fish o filets and a diet coke. That was once a $12 meal. Now its $31

>>29624719
because of 2 reasons: Food is HEAVILY subsidized like you wouldn't believe how much of your food is paid for by the government in some way, and McDonald's doesn't actually care so much about the price of food as it does in optimizing their supply chains, and all of this improvement in supply chains and management has only barely slowed down hyperinflation. Think about how much a combo meal cost a decade ago. It was only around 4-5 dollars. Now most combo meals are around 8-9 dollars. Near 100% inflation in a decade that somehow nobody is noticing

>>29625595
Although both of us also use US reserves for our curency... most of the world does. Except looking at past US recessions asian currencies actually benefited. Maybe it would be good to short USD using an asian currency instead of our own.

>>29613934
Honestly it doesn’t matter. Bitcoin will be able to secure humanity once the whole thing implodes. If does not succeed than there will be bloodshed.

>>29621281
>"oh my god DC is going to print the dollar into oblivion and the Fed isn't going to do anything to stop them"
I thought the Fed prints and DC spends?

>>29610839
>>29611705
>>29612280
Uhh...
Buy some silver.

>>29625668
Sir gay is that you?

>>29610839
>>29626102
Grab physical silver! The crash is going to be caused by the silver squeeze.

Why didn't this see a spike?
somebody smart answer my questions please lol

On a scale of 1-10, how bad is the crash going to be?

Also what is the likelihood this crash occurs under Biden as opposed to whoever is the next President?

>>29626847
1,000,000

>>29626973
Well, that's terrifying... So the great reset is happening whether we like it or not I suppose?

>>29625545
The CPI is literally a lie. They manipulate it heavily in a dozen different ways besides simply curating the CPI basket to overemphasize cheap consumer goods.

>>29627167
There’s gotta be a way out I just don’t know what it is yet

how the hell do u buy silver

>>29626973
hahahahahahahhahahahahahahaha

>>29627473
kek

>>29626677
If you read, you would see the answer. All that happened was money market accounts went from being considered M2 to M1, hence the spike in M1 but M2 stays the same, since M2 takes M1 into account.
Everyone on this board is retarded though.

>>29625628
im unironically using it ironically

>>29628120
Yeah I was trying to find out the answer myself after I posted, and I figured that out haha. Was about to make an OP about it too because you're the first person I've seen so far to have picked up on that.
Worried now that I put so much faith on the insight of the people on this board.

Another thing regarding food inflation is the packaging/mass gets smaller while remaining the same price?

guys false alarm

>>29628120
>nothing to see here goys this is completely normal....heres some financial mumble jumble to justify it

>>29626847
It's going to be a 10, think the last days of austria-hungary

>>29626272
the fed controls the money supply, but congress determines how much is spent. if they spend more than exists, then print more. and like that...dollar is gone

>>29627167
>So the great reset is happening whether we like it or not I suppose?
No. There is a reset, but it’s completely different from the elite’s. Kek pushed the GME stock and then got people to buy tons of physical silver. Basically, their great reset plan is suddenly and they’re going to experience hell (because it’s unlikely they’re actually smart investors).

>>29611705
Yes agreed can I get a "Thanks based Jews" reply chain going. Reply to this post with Thanks based Jews or a Torah will rape your mother in her sleep tonight

>Thanks based Jews

>>29625688
Systems with infinite money are retarded.

>>29625818
Literally no currency is going to have value. It’s literally all tied to metal and that metal is getting drained hard by people all over the world.

>>29622288
It's fucking great watching the cope as it becomes increasingly clear the monetarists were right all along

>>29612895
This chart is not correct. Someone at the fed must have fatfingered somewhere because if you check archives of this webpage the real M1 for the last year has been more like $5-6 trillion. A sharp increase for sure, but not an order of magnitude increase.

>>29628926
Are you aware of the fucking metric shit ton of money thats been printed?

>>29628926
>>29628386
read

>>29628386
>>29629017
>we updated the definition of M1 to be M2 for no reason but didn't actually update the historical M1 data so here's this frankenstein chart of M1 (pre-2020) and M2 (post-2020)

I fucking hate these faggots.

>>29629013
If you think $16 trillion in M1 was created last year you are actually retarded.

>>29629172
yeah idk wtf they're doing, you have any idea why they'd do that? I'm gonna email an econ prof at my uni but this is the first I'd ever heard of it.

>>29611619
I'm even priced out of raw land now

>>29621281
And it will be Joe Biden's fault and Trump will sail to election in 2024 even though he (Trump) exploded national debt like all Republicans do

>>29629321
I have no fucking idea, I can't find any info on it online. My hope is that it's just some retarded codemonkey that didn't understand instructions properly and thinks we are redefining M1 for some reason.

I mean just look at this video from 2 months ago, this is what M1 actually is:
https://www.youtube.com/watch?v=HXkTEWldTfk&t=7s

>>29627473
We literally have general metal threads. Type silver and you’ll find the answer.

>>29629407
I don’t think the Democrats are going to be there for even a year.

I dont understand. Most people need stimulus checks just to hit their rent. Why would there be inflation

>>29629717
Well they’re fucking dead...

>>29610839
>people think a trillion or two stimulus is a lot and that the federal deficit matters
Wish I still had that innocence.

>>29621486
Hey John, been a while

>>29610839
inflation of consumer goods is not going to happen

We're all fucked

>>29613312
Is society collapses guns and land will be the most important. At that point you must trade in goods at local markets.

>>29618641
where the fuck is this money going?? I sure as shit aren't getting any of it

>>29629321
Well it certainly wasn't an accident, the reason they are doing this I have no idea.

>>29612895
Holy fucking shit.
The burgers are done.
Except they will take the world down with them.

>>29616198
Monitered transactions on the open ledger?! Sounds great!

Friendly reminder

>>29630137
That money is for Israel anon.

>>29617405
Man must believe his mythos if he is to bear any fruit worth ripening.

>>29630137
They're buying bonds that no one else wants. Bag holders to the highest degree

Reading /biz/ always has me wondering if I'm getting redpilled or just buying into doomposting bullshit

I only come here because this is one of the FUNNY BOARDS but my uneducated ass decides to read the thread about the market crashing into oblivion

>>29612418
Hold assets. Real estate, metals, crypto, blue chip stocks, even fuckin rolex watches have been skyrocketing in value.

>>29630600
It's happening in real time, the crash already passed it's just a matter of time until the normies realize they're the bag holders. This time everyone will chimp out

>>29613312
lol retard we told you
i mean, maybe not all of us did but like a billion people paying for groceries in gold dust is not a reasonable foundation for a global economy

And oh so i wish society would utterly collapse on itself the whole idea of the internet was to keep communication up in the event one region was knocked out
That is, its not going away anytime soon.
anyway, but bitcoin

>>29613935
That's interesting desu. However, Burry is simultaneously warning about both inflation and a market crash, which are semi-contradictory.

>>29630789
Give me the worst possible result in the grand scheme

>>29614546
Is rather accept eth over silver.

>>29630918
Impossible to predict but my money is on world war followed by many civil wars

>>29612574
What happens when all the governments hoarding metals releases at same time?
You gold becomes worthless even in a crash or hyperinflation.

>>29611619
"Monetizing" means "printing money to buy it"

When I go to his Twitter there’s nothing there?

>>29630840

it's called stagflation, which is basically what schiff has been calling for over the past decade, but maybe burry has much better timing.

>>29631078
I was thinking BOOGALOO and/or U.S. war with china

But mostly boogaloo first
If we collapse in this polarized environment people aren't gonna hold back in the streets

>>29628469
At least these staches will come back into style.

>>29628546
I'm converting my GME and AMC earnings to physical silver.

>>29626677
>>29628120
>>29628310
>>29628386
>>29628926
>>29629017
>>29629172
>>29629321
If they changed the definition in May 2020, why did they not update the graph until today?

>>29631427

winning a war against china would be one way for the u.s. to buy time. i imagine we'd nullify their u.s. treasuries, push them back 10+ years militarily, and change the worldwide export market. of course if the u.s. didn't win, it would accelerate the decline at lightspeed.

i'm not sure what the war would look like, but i don't think either side would be dumb enough to use nukes. i imagine it would be largely a naval/air/cruise missile/hypersonic missile war.

>>29618719
It went to the rich in terms of pandemic benefits, who are holding it (actually preventing inflation by not having that money circulating). Everyone here thinks the average stimulus checks are what all that money is going to, but that was a fraction of the money printed.

Inflation is still happening, but its not the economic collapse level everyone is talking about, and the rich are protecting themselves against it by simply acquiring more capitol.

>>29631718
As far as I can tell they didn't change the definition in May 2020, at least publically. I've been following M1 for the last year and I literally just noticed this change yesterday. The only warning sign was the sharp increase in M1 at at the end of last year which was pointed out in the belangp video I posted, but this was a free market reaction to 0 news. It's something that's been on my mind the last few months and now that they are apparently redefining M1 I think something bad is definitely on the horizon.

>>29631092
That’s literally not how it works. The metals are artificially priced to be undervalued.

>>29612418
Stock ammo

>>29631778
>but its not the economic collapse level everyone is talking about, and the rich are protecting themselves against it by simply acquiring more capitol.
That was the case before the silver squeeze.

>>29631718
beats me, but for the time being there is an *official* explanation for the chart looking the way it does, an explanation that is not just "we printed more money than we told you" which is what /biz/ seems to believe

This is why I bought nazi silver coins

>>29631949
This is not a surprise = MMT

>>29628426
it's literally the simplest thing on the planet you fucking retard, you can google M2 or M3 and you'll see that, while yes, the government has printed a lot of money, this M1 panic is bullshit

>>29622604
No, the model showing the 288k figure was from years ago, long before 2020 and the infinite money printing started. It's not factored in. Neither is the frontrunning effect of everyone being aware of the incoming hyperinflation and piling into assets like stocks andBTC to weather it

>>29631778
>not to economic collapse level
If Comex defaults, you will see some shit.

>>29632046
The COMEX won't "default," this is a stupid meme. They will choose to settle in cash, but they aren't going to just say "haha guys we give up, there wasn't any silver here all along! Enjoy your $1000/oz bros."

>>29631896
And stack bodies.
The bodies will be carrying more ammo.

>>29615252

>>29631772
It would probably be a lot of deaths, lots of infrastructure damage, and a draw with all leaders happy to simply dust off their hands and say now we can spend on infrastructure and tax you even more. Then the civil wars begin

>>29612388
>Well then it doesn't matter and we might as well go on with it.

>>29625545
CPI is a lie. Checkout the chapwood index. Seems like the website is having ssl issues rn http://www.chapwoodindex.org/ but true rate of inflation in major cities is 10-15% annualized

>>29631772
one side would be dumb enough to use a lower-yield "tactical" nuke, then it would escalate from there

Lol nothing going to happen and you will eat the bugs, live in the pods and become gay

>>29625545
I usually don't like to reduce things down to 80 IQ takes, but CPI is literally just jewish trickery to make the goyim think they are getting a good deal. They have many methods of rigging the CPI including hedonics, where they pretend the price of something is lower based on arbitrary assessments of "value." This is only ever used to reduce the price, of course.

https://www.youtube.com/watch?v=kpNt2JdCcFA&list=PLRgTUN1zz_ofJoMx1rB6Z0EA1OwAGDRdR&index=19

>>29617028
>transacts with useless paper rags
>buys useless bytes of data
You back to barter only faggots are the worst

I'm trying to remember the name of this channel by this financial analyst that was posted on here a few weeks ago. He talked about the 10 year yield and a little bit about GME when things were still white hot. Had a NYC/New England accent with kindof sunken eyes. Anyone know?

>>29610839
What this means when I have 300k personal debt?

>>29618719
>where'd all this money go?
gender programs in Pakistan

>>29618672
1 million what?

>>29632919
Wouldn't the debt become useless as you could pay it off with hyperinflated currency?

>>29622667
Imagine thinking any assets other than real estate have value in the year of our lord 2021.

>>29632919
you will own nothing (no debt) and be happy.
My networth is under 10k with 50k debt so I may as well go all in.

>>29633153
Wasted opportunity for a
>you will owe nothing and be happy

>>29625117
1.1^10 = 2.6
Cash holders are being economically neutered and have no clue. Most things that couldn't have inflation offset by slave labor like Big Macs 2.5x in price from 2000 to 2019, now they are going to do that in half the time. Feeding your family at a typical sit down resturant will cost upwards of $250.
People think real estate is pricey now, in 10 years time typical houses will likely 3x in price, acreages will likely 8x. Your wages might go up 20% to help compensate. If you don't have near everything in assets that are going to appreciate with the inflation you will be first in line to eat the bugs.

>>29632427
Looks like David Bowie.

>>29629407
>he thinks there are clearly defined good and bad teams
Go back to r*ddit

>>29616198

>>29621414
lol

>>29610839
Today they changed M1/M2 money supply charts? I am so fucking confused. M1 had 7 trillion in circulation, but really we have 22 trillion??? What the fuck???? I am unironically panicing.

>>29612507
Nothing will happen to *them*. You are fucked. So is your gaylord family. Not only will you eat bugs, but you will also dedicate your children to the new androgynous religion

>>29612895
That's a lot of burgers

>>29613806
Sure central banks can, but plebs don't have such privileges

>>29610839
I hope the world doesn’t fall into chaos but I have guns, ammo, bottled water, MREs, tons of ramen, canned food, etc. safe full of gold, silver and cash for potential barter. Want to get solar panels and Tesla batteries installed at the house.

What can I say I’m just a contrarian at heart.

>>29615252
The fed is buying the newly issued money, is essentially what is happening. They added something like $5 trillion to their balance sheets in just the last few months. QE. If they ever unwind their balance sheets, the US economy will shit itself to death.

>>29625668
You're fat as shit, but good point. I remember during college I could get a meal in most burger places for $5, now $5 gets you just the burger

>>29625176
this, but "unironically"

>>29619047
>tfw listened to the rainbow chart
I will be filthy rich, but at what cause to our society

I can't leave mcdonalds full without spending at least $15 anymore. but i also did start powerlifting so hard to say

>>29625668
Imagine the smell

>>29634551
Hahahahaha! Their schemes failed right before they could achieve them. The silver movement right now must be horrifying because the public are drying up the supply right before the planned economy crash, which means the elites are fucked too in that crash.

>>29632914
greg mannarino

that dude is a skeleton walker.

>>29629407
Republicans and Democrats are two sides of the same coin. They have both done the work to push us into this retarded situation. Your boomer understanding of politics really shows. Pick up a fucking book sometime, and stop falling for the meme of American party politics. The USA is a one party state.

>>29613934
>>29614921
>I no longer know when to sell my BTC stack
I might just sell at $200,000 and then dump it all into Bayhorse. Past $300,000 it's a gamble whether fiat to crypto exchanges would work at all, I still remember Mt. Gox even though it's unlikely we'll have a repeat of that

>>29630332
Truest word spoken on this board. It isn't a car of inflation, but at what stage of death the system is currently in.

>>29612432
Cut dick Jew slaves actually believe this.

>>29612574
the government will just confiscate all gold and silver like they've done repeatedly over thousands of years

>>29624680
This is the correct answer.

>>29614918
Made me audibly laugh. Good one

>>29618669
This. LARP confirmed

>>29636406
200k on bayhorse? You think that it is that solid? dude has a nice hat tho

>>29632162
>settle in cash
That’s literally the same thing as saying they have no silver. Silver will skyrocket

>>29611619
C'mon guys is not that big of a deal.

>>29627167
You should be prepared for it if you've been on /biz/ over the past year and followed the advice of smart threads instead of just shitposting brappers all day

>>29637343
How is it not? imagine telling millions of people their money is basically worthless because we shut down the economy for a year and did not listen to the people fucking screaming this shit would happen.
But don't worry we will just have a war to justify fixing it. Thank god we saved those few boomers from the rona!

doesnt this just reflect m2 now.