/biz/ - Business & Finance

>>29614961
Probably never because we can literally print money

It's already collapsing

>>29615290
why are we paying taxes again?

>>29614961
The Money Printer is out of order right now.

Please check back later.

We thank you for your compliance.

>>29615407
why does it not seem that way?
>>29615290
that will only make the problem worse?

quints say tomorrow

>>29615491
Ultrarich don't pay taxes, only poor fags do. Its to keep up appearances.

>>29614961
Unironically tomorrow

>>29614961
surely the status quo is not sustainable right?

>>29614961
It already happened in 2008. You're living in it.

>>29615708
that was 13 years ago. it surely didnt feel like a recession the past 10 years

>>29615608
Why tomorrow Anon?

>>29615932
You'll see

These digits confirm it happens tomorrow

>>29615932
the normies havent made enough yet to mandate the second coming of the jew god

>>29616309
Weak bait faggot

>>29616435
Don't get scared, wgmi

>>29614961
10 years time when the EURO+China+Africa partnership leads to the Yuan become the global currency

>>29616568
You might. I only have a stacklet of crypto at the moment. :(

>>29616668
i have to wait another 10 years? fuck that id rather kms

>>29616808
stack your crypto + stock gains into PMs, leave the country, cash said pms into local currency, live a better life than you would in this multicultural shit hole anon

>>29614961
we've already had it my dude.

>>29616889
i dont want to leave though. im just so tired

>>29617064
are u talking about covid? because that wasnt a crash

next week

>>29614961
What exactly do you expect an economic collapse to look like?

>>29617100
Its either leave or get your head caved in by some rando once the economy crashes and bread becomes worth its weight in gold

>>29615491
Anon taxes are the only reason they keep us poor, otherwise we'd be living in Zimbabwe tier inflation. The tax money you pay is literally used to wipe dirty butt holes and light cigars.

>>29614961
Never. However there will be some painful years leading up to the full deployment of CBDCs and the creation of the super-state institutions that the G20 installs to improve the situation.

>>29615491
to maintain the illusion that fiat money is scarce/valuable.

>>29615290
FPBP as usual. The system is working. It will only stop working from influence outside of human control. Which by nature isn't necessarily possible to predict anyways

>>29614961
soon very soon. Screencap this

Stock Market QRD
>expect lots of volatility but with downward trend from now until April
>Last years rotation/sell offs will lead to realignments soon because holdings convert to LTCG
>more movement into treasuries as the reality of inflation sets in
>Trough of disillusionment will set in for many industries over next 3 years.

Overall Economy
>do not expect shortages in supplies to be fixed anytime soon
>Actually layoffs of middle class people will start in 2 months
>IRA borrowing will follow that in 2 months.

Political
>expect a few big republicans to come out in favor of student loan forgiveness
>quite a few prominent democrats will start saying that we need certain manufacturing back in the US and will make efforts with big multinationals to bring select factories back
>this will not be because of jobs but because of supply risk.

>>29617279
people losing their life savings in the stock market.

>>29617384
take your meds

You're living in it, and you've been living in it your whole life.

>>29614961
>70% of the country doesn’t work
>money supply increased 1000% in the last two years
>houses that were 50k when I graduated HS are now over a million
>president literally saying laws and borders are racist.
>if you disagree with giving irreversible “gender reassignment” hormone therapy to preteens you are fired from your job, banned and blacklisted
>simply mentioning the fact that someone is Jewish is a hate crime
>race based entry into college, jobs and government “stimulus”
>every single “inalienable right” had been so infringed upon as to be a total joke

What more do you need to see? You have grown up in the collapse. Your parents and or grandparents were the ones who initiated it.

>>29617234
>>29617687
i think you have the wrong idea. the covid response effectively shifted economic power more toward the top. multinationals, the fed, and government now control more of the economy than they have since ww2. local economy isn't coming back.
they are trying to force people into the stock market. i'd argue having your life savings in the stock market is proof that they are in charge already. the crash isn't you watching your balance go down by half, it's you losing your last idea of personal autonomy.

>>29617681
Foreclosure and eviction ban will be pushed to August 2021. Kicking that can of nightmares down the road.
Unemployment boost extension set also to August
All done with a 1.9 Trillion bill. There is rumors of it being followed with a 6 Trillion bill. We are already on borrowed time, hence why the US military is still in the capital with the extra fences still up.

>>29617687
People are losing their lifes savings, its just that its coming in the form of inflation, and its been that way since 2008-2011; money simply started becoming worthless at that time and cost of shelter began to skyrocket. Its only the upper middle that hasn't been hit that hard yet because they own stocks and real estate; some of them will make it but I expect this year will end up being a huge shakeout to kill that upper middle (probably with an interest rate hike and prolonged market dip)

>>29614961
Not anytime soon. Bull market baby!

I just want to know when to buy SQQQ calls.

>>29618703
>>29618489
ok so what do i do? half my net worth is in cash. the other half is in crypto

Probably in 1-15 years followed by a boom the likes of which are incomprehensible to biobrains within 2-100 years

>>29619006
>the other half is in crypto
buy some dividend stocks, ATT, Lumen, Amgen, Glasko-Smith-Kline, IBM

>>29619006
>so what do i do?
Honestly man, nobody knows, having a little bit of everything is probably best; half cash is a little high for me (my dad would disagree) but it will leave you well prepared for a crash, which seems likely this march or april. Personally i'm basically all in on PMs and land with some crypto I plan to never sell. Don't see much need for cash, why are you so heavy in cash? when do you plan to spend it?

>>29619305
alright il look into it thanks

>>29614961
soon

>>29619354
>why are you so heavy in cash?
because i literally dont know what to buy. im trying to dyor but im too fucking stupid
>when do you plan to spend it?
honestly i was waiting for a spy dump to buy in but i may be stable stocks with divididens

>>29619396
holy fuck is that real?

here we go boys , buckle up

>>29615290
That's the cause of the problem, not the solution.

>>29615521
Prices are already increasing and people are producing less goods than ever. The government is trying to make them whole by giving them money while not working, but that doesn't create more goods. It just creates more demand for the few that are produced. Naturally a higher demand and less supply will lead to more price increases, shortages, etc. The government will try to correct this by either price fixing or printing even more money to give away. Both of these destroy the incentive for individuals to be productive, so the problem multiples more.

The economic collapse won't be the price of assets going down in dollars. It will be the value of the dollar collapsing. This will hit the average and poor people a lot harder than a stock market crash or whatever else people expect, since they have no assets.

Bread lines soon.

>>29619449
do you feel prepared? If I had any more cash I would just buy anything and everything I felt I could conceivably need; I see things getting scare with an economic recession or hyperinflation; and after that I believe governments will be much more restrictive of consumerism

>>29614961
Never

Soon. These normies need to pay the price.

>>29619475
Yes and that not counting the quadrillions of dollars in unfunded liabilities over the next few decades.

BTC 1,000,000,000 is not a meme but when it’s there the average house will be worth ten billion dollars.

>>29619006
i have a little bit in everything. i took on a mortgage, hold pms, crypto, stocks, bonds, cash. always looking for assets to buy. right now i don't see much. physically held commodities might be undervalued, but that's more of an individual thing. my biggest assets right now are my job and my family.
stay plugged in to what's happening, gain real skills (gardening, machining, carpentry, plumbing, etc), find new friendships, build a network of trustworthy, skilled, like-minded people.

Never but poor peoples lives will keep getting shittier

Very soon fag. Hyperinflation already started kicking in. An increase in the 10 year treasury yields is gonna lead to more bankcruptcies . Bids are already struggling as is with lost revenue and crazy commercial rent prices that are only gonna increase bcs of hyperinflation. Bizs and corps can’t afford to raise wages unless they are forced to by some stupid law like the $15 hourly min which would push more small mom and pops out of business . All above factors combined will result on a financial apocalypse. This is 1929 all over again . Screen this.