/biz/ - Business & Finance

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>>30042897
>Fed has pushed stimulus money directly into US stock markets
That's just not true. He seems to forget all the cash that has been sent directly into people's mailbox. That's not the stock market.

>>30044312
Which is then spent on stocks and crypto.

>>30042897
>leading to the end of central banks
Well that's good for crypto then

>>30044370
>>30042897
The idea that people will find refuge in cash is deluded at best. Gold and cryptos will keep rising, cash will go down with the stock markt.

>>30042897
>deflation
hahhahhahahahahahahahahahahahahahahahahahahhahahahahahahahahahaha

>>30042897
>hi im a fat fucking nobody and the world is gonna end in june look at my fuckin hair lol
>june
>lol disregard that i suck cocks

>>30044568
kek
>imagine getting lost here on your way to /v/

>>30044312
What number is bigger, 3.9 or 520?
Hint (because you seem to have a low IQ), it's 520.
You missed the point entirely, fuckwit. The bubble is happening in the financial sector which has had repeated stimulus pumped into it and caused an almost infinite money bubble that this guy predicts is going to have at least 1/2 of its value simply wiped off.
>>30044459
He advises hedging with a mix of cash, gold and bonds. He's saying that crypto performs essentially in line with stocks (he's not wrong, check out BTC and every other crypto basically tracks *exactly* with the DJIA). He does say that you should have some money ready to pick up the cheap crypto so he's not against us, he's simply saying be pragmatic and watch for crypto to crash when stocks crash.

>>30042897
>doesn’t happen
>we never have to listen to some retarded boomer again
i’m looking forward to this

One thing I probably overlooked in the tldr:
The debt bubble elephant-in-the-room.
https://youtu.be/TIw-rO2ooIQ?t=1483

>>30042897

"When Harry Dent and other so-called deflationists say that Weimar Germany was a unique phenomenon, they are either misinformed or lying. Alasdair Macleod points out that you had similar hyperinflations in Austria, Hungary, John Law's France, and other countries.

Deflation is a banker-created meme which is intended to avoid hyperinflation. Hyperinflation is equally a psychological phenomenon as it is a physical one--you didn't see price-increases during WW1 Germany despite the rampant money-printing because of anxiety about the war. So the bankers pretend as if the real fear is deflation, which, given the trillions in money-printing, is obviously completely absurd. ShadowStats and Chapwood Index show real inflation at 10% per annum for some years now, and now it's getting closer to 50 or 60%. In picture related you'll see the bankers fudding about deflation when gold was only $300 an ounce, and claiming that it was about to crash. Add to what I have said that the CPI, the official measure of inflation is an utter fraud which uses something called "hedonic adjustment" and cannot be trusted--Mike Maloney has some good videos on this."

(1/2)

>>30046085
This is also the explanation for why we haven't had hyperinflation or even inflation after repeated stimulus.
Not one faggot on /biz/ has a different explanation for why we haven't yet had inflation even after repeated stimulus.
This guy does and his explanation makes perfect sense. He may not be 100% right on everything else but this much should set some alarm bells ringing.

He had a debate with Richard Heart recently and Richard Heart bet1,000 that the s&p 500 will be up or even in two years

>>30046203

"Harry Dent's absurd theory is that the government will just let everything crash, and that people who are holding U. S. treasuries will win. But the nominal stock-market crash which he posits would cause every over-leveraged G-SIB bank on earth immediately to fail (see Alasdair Macleod on this) and wipe out every single person who is holding dollars. All confidence in the dollar as the world-reserve currency would be lost and the world would immediately revert to gold. So whether we get so-called "deflation" or "inflation" is irrelevant; you want to be holding PMs when the crisis comes to a head. Harry Dent also denies manipulation on the COMEX, which is the only reason why paper gold and silver "crash" when the stock market crashes--the bankers smash the paper price so that PMs don't seem like safe havens in the storm. Dent uses this dumping of paper PMs as evidence that gold will "deflate" when everything else "deflates," but truth is that you would soon get a COMEX default if the banks smashed the price again that far, as you nearly did get in March 2020."

(2/2)

>>30046203
>>30046262
explain why we haven't had inflation (let alone hyperinflation) yet despite repeated stimulus by the Fed.

>>30046262
>you want to be holding PMs when the crisis comes to a head
Also from what I've heard from him (and I've only concentrated on listening to his most recent interviews, nothing older than 3 months old) he isn't against buying gold. He just says it won't be as good a hedge as US treasury bonds. He's not even anti-crypto, he's just saying that it's going to be hit extremely hard because it's tied very heavily to stock market movements (this much is true and /biz/ fucking knows it).

>>30044312
>comparing trivial amounts of money sent in mail that is spent on KFC and weed to the hundreds of trillions of collective central bank asset purchases/reserve swaps

I love being reminded I share this board with fry cooks, retail workers and NEETs

For the tech lovers.

Check Mochimo

Share the thoughts with me

>>30046448
Finally someone who gets it. You give me hope that we'll make it, anon.

>>30046323
>explain why we haven't had inflation
If by inflation you mean price-increases, we have.

>ShadowStats and Chapwood Index show real inflation at 10% per annum for some years now, and now it's getting closer to 50 or 60%.

Look at the price of copper now constantly hitting new highs, at lumber or food prices and various other commodities. The last domino to fall is manipulation of gold and silver which the banks are throwing all their energy into.

>let alone hyperinflation

https://www.goldmoney.com/research/goldmoney-insights/hyperinflation-is-here

"Hyperinflation is the condition whereby monetary authorities accelerate the expansion of the quantity of money to the point where it proves impossible for them to regain control.

It ends when the state’s fiat currency is finally worthless. It is an evolving crisis, not just a climactic event."

>>30042897
Unironically great depression is coming.
We are literally looking at a roaring 20s type scenario as governments try manipulate markets to stop them from crashing. Then the axe will drop and bagholders will be fucked. The plan is to suck as much real-estate investor money into the market to protect against he guys welding the axe.

>>30046626
>"Hyperinflation is the condition whereby monetary authorities accelerate the expansion of the quantity of money to the point where it proves impossible for them to regain control.
>It ends when the state’s fiat currency is finally worthless. It is an evolving crisis, not just a climactic event."
goalpost shift

>>30046626
>The last domino to fall is manipulation of gold and silver which the banks are throwing all their energy into.
You say its the last domino to fall but why would it be the last?
If everyone who is saying we're experiencing inflation/hyperinflation is correct, then gold (being the #1 hedge against inflation) should be drastically rising in price from the start of any inflationary period, except it hasn't.
So nah you're talking shit.

>>30046323
>>30046626
Inflation is the evolving crisis which every fiat has been experimenting in bigger or less degree, hyperinflation truly is the climatic event tho and it happens when people stop trusting in the goverment backed money, research on countries with recent hyperinflation like venezuela or argentina.
Printing money above production levels will indeed give inflation (which will be seen only after a period of 12~18 months) but hyperinflation is only produced by the average normie refusing to get paid/trade in fiat.

>>30047168
>hyperinflation is only produced by the average normie refusing to get paid/trade in fiat.
We're obviously not at that point yet.

>>30044371
>>30044370
>>30044459
Ill be honest anons, i dont understand why anyone thinks crypto is like PM. Crypto has far to many flaws to be a hedge against inflation. With the most obvious being, its directly tied to the USD, and its entire value is based upon the value of the USD, so nothing more then an extension of a fiat currency.

If shit goes weimer 2.0, are we going to loose power? no, probably not, but you can bet that more people will loose their internet, will loose their carriers for phones, as the prices of that will go up, which means with out that access they have no way to access their crypto with out a hassle, that makes dealing with crypto a much more tedious endeavor.

I think crypto is a neat thing to play around with, as its basically just a stock whos value is based upon what people believe its values is, same thing with the USD. But at the end of the day, its worth nothing, it has no real value, it cant be held it cant be traded, and its tied directly to the value of the USD. Yes it can be changed for other currencies around the world, but the problem with that is, those currencies as well are all tied back to the USD, so if it goes under, it all goes under. PM are intrinsically valuable.

Im just trying to warn you guys, Crypto is NOT a hedge against hyper inflation. People will not be fleeing to crypto, they will be fleeing to hard assets and PM.

>>30046970
>goalpost shift

Actually the goalpost shift was done by those who redefined both inflation and hyperinflation.

>>30047122
>You say its the last domino to fall but why would it be the last?
>If everyone who is saying we're experiencing inflation/hyperinflation is correct, then gold (being the #1 hedge against inflation) should be drastically rising in price from the start of any inflationary period, except it hasn't.

After GME I'd have presumed that you'd know by now what predatory shorting is.

They short gold and silver precisely because they are the quintessential benchmarks of inflation.

To understand why we are going to get deflation you need to understand the banking system. The federal reserve prints money and it goes on their liabilities. Their liabilities becomes the asset of the banking system. Then the banking system creates loans for corporations and commoners to gain cash. Once the bank loans the money that is when the money gets in the money supply. Another way is for government spending to inject into the money supply. Right now corporations and commoners are neck high in debt they cannot take on any more debt. The stimulus packages are going to corporations and people who are paying off their debt and purchasing required Commodities such as food and gas. Some of this money would be going to mortgage or rent payments but people currently do not have to pay them! One reason why the Federal Reserve has allowed zero reserves for banks is because they need them to loan all of their cash so that more money can flow in the economy and they are running out of people who are willing to take a loan. This is why there are Rumblings that the bite Administration wants to spend on infrastructure and give $15,000 in a down payment for a home. They are trying to inject as much money as possible since people have too much debt and cannot take anymore. Any money that they do get is going right to their debt. When the money goes to pay off the debt it is technically destroyed at least the money supply.

>>30047415
I'd argue crypto just tracks the DJIA/stock market almost perfectly.
I'm not that worried about losing internet or whatever, utilities should survive in some form.
But I think the greater damage to crypto will come from how it's entangled with stock market movements and has been for a while. Maybe we'll come up with a way to detach it but I doubt that will happen any time soon.

tldr: crypto is massively overexposed to the stock market

>>30048112
Crypto is entirely pumped by the MSM and the tether-scam as a distraction from PMs and will go to zero when Asia dumps the dollar and re-adopts gold as money.

>>30048515
Anon, stop. Each time you post you reveal yourself as more retarded than previously.

>>30048612

>>30048112
Honestly crypo treated as an index for the stock market overall, is actually not a bad way to think about it.
>Maybe we'll come up with a way to detach it but I doubt that will happen any time soon.
The problem is, its to far infested by the general population. The only reason it has value any more is because everyone believed it was going to have value, then suddenly it did. Its a perfect microcosm of the stock market, its only value is what people think its value is, the second it nose dives, with hyper inflation or a crash, its probably never going to recover.

>>30046448
most of the stimmies money was saved or used to refund debts

>>30047415
1 btc = 1 btc

>>30048707
>its probably never going to recover.
It'll always recover because we'll always need a replacement for the financial industry and there will never be anything better than crypto that does that.
Long-term I'm not worried about crypto. Short-term, it will get fucked extremely hard especially if the boomer is right and stocks get raped by the asset/debt bubble.

>>30048828
1 Dogecoin = 1 Dogecoin

>>30048904
>there will never be anything better than crypto that does that
.....gold and silver literally was that until we were taken off that standard, you do know that right?

I cant predict the future of crypo, no one can because its uncharted territory. What i do think is, eventually the fun is going to end, and crypto is going to go back to its meme status that it once was. Crypto has very interesting components and ways it operates, but ultimately, has to many flaws.
My guess is going to be that if it takes a massive loss and shit crashes hard, i dont think it will ever recover to what it is now.

>>30049141
>.....gold and silver literally was that until we were taken off that standard, you do know that right?
We're going to go back to transporting gold and silver physically again?
Don't be dumb. You're just displaying how little you understand crypto and it's potential.
It *is* the new financial industry. Gold and silver are just stupid metals that are difficult to transport.

>>30049262
>We're going to go back to transporting gold and silver physically again?
proabbly not, but we are probably going to go back to holding and transporting actual physical backed paper, meaning that USD you have will say redeemable for gold or silver.
I probably understand a whole lot more about it then you. Enough to know that crypto will never be able to go main stream like we currently use the USD, if it did, you would get to enjoy literally fucking hours of waiting just for your amazon purchase to go through as the fucking terabyte sized ledger is searched, and as more and more coins are divided it will only get worse. Cryptos own worst enemy is itself.
> Gold and silver are just stupid metals that are difficult to transport.
>he dosnt realize that gold and silver has been human currency since it created currency,
Anon. your going ot be in for a bad time.

>>30049262
>We're going to go back to transporting gold and silver physically again?

Somebody has never heard of Kinesis Money.

>It *is* the new financial industry. Gold and silver are just stupid metals that are difficult to transport.

Actually it's ludicrously simple to go back to a gold standard; Russia simply says "We're now backing our currency at a 10:1 ratio redeemable for gold" (they can already do that, see data from Santiago Capital) and that's that, the modern banking system carries on as perfectly efficiently as it ever did.

>>30042897
>deflation

WOT

>>30048916
Wrong.

>>30049740
then go pay for a loaf of bread with your krugerrands.
oh wait
LMAO

>>30049740
You're stupid.
I dislike to argue on the basis of spelling mistakes, but you have revealed your IQ pretty well through your dumb arguments for paper money (kek) and your inability to differentiate between "your" and "you're".
You don't even understand how blockchain works if you think each tx requires the client to go through the entire ledger like it's an unindexed SQL database. You're a moron.
>>30049914
No, it's not simple to transport gold globally. That's why crypto is going to be around for a very long time.
I hate to be a typical /biz/tard and throw around terms like no-coiner but both of the people I'm replying to in this post are clearly retarded nocoiners and therefore I'm okay with disregarding their moronic opinions.

>>30050276
>>30050142
I cant fucking wait for when crypto crashes and this board is nothing but fucking screaming wojaks and suicide letters.

>>30042897
How do you get deflation when you can just print money and give out stimulus to infinty?

>>30050044

"We are at peak stupidity in the general stock market, Tesla and the 4,506 variations of Bitcon. And we are told that they all have value because they are limited. All 4,506 of them are limited. Got it?

As a joke a couple of years back someone started a new variation of bitcon and name it Dogecoin. It was a joke, pronounced Doggie Coin, and better referred to as Dogecoin now worth a couple of billion dollars. It’s up 15% TODAY. What could possibly go wrong when a joke is worth $7.5 billion and goes up 15% IN ONE FRIGGING DAY? The entire market for the limited 4,506-clipto currencies is worth about $1.5 trillion dollars.

In 1720 after exiting with a nice profit, Sir Isaac Newton tossed his hat and his money back into the ring since it was so easy to make money betting on the South Sea Bubble. Everyone was doing it. What could possibly go wrong? He lost his shirt as a result when the bubble burst."

>>30050276

Again, re-read my post. Understand what Kinesis Money is or what a gold-backed currency is. You don't need to transport physical gold around the world to use it as money.

>>30050387
Listen to the fucking boomer. Basically there is a fuckhueg debt bubble and asset bubble waiting to burst. And no it can't be stimulated to infinity.
>>30050343
Fuck off nocoiner retard
>>30050500
I googled it briefly and it's some dumb boomer meme, also fuck off with that other nocoiner tard. We all know what gold-backed currencies are, nigger. You're not bringing us something vibrant and amazing.
Every single word you type just outs you as a dumb fucking worthless boomer who doesn't understand crypto.
Also, from your earlier post
>Russia
lmao, go back

>>30050795

>I googled it briefly and it's some dumb boomer meme, also fuck off with that other nocoiner tard. We all know what gold-backed currencies are, nigger. You're not bringing us something vibrant and amazing.

>Every single word you type just outs you as a dumb fucking worthless boomer who doesn't understand crypto.

>>30051293
>Kinesis Cayman is a registered company in the Cayman Islands. Registered address: C/O Stuarts Corporate Services, 36A Dr. Roy’s Drive, Grand Cayman, Cayman Islands, KY1-1104 Company No: 338455. Kinesis AG is a registered company in Liechtenstein. Registered address: Austrasse 49, 9490 Vaduz, Liechtenstein,

Kek. Thanks for playing, faggot. Go back to jewbook anytime and stay go.

>>30048515
Crypto is fudded constantly by the mainstream as a volatile scam run by criminals that's literally killing the planet.

>>30051432

>Kek. Thanks for playing, faggot. Go back to jewbook anytime and stay go.

>>30051649
Not in the slightest. Virtually every article you see is fudding gold, saying that it's going down to $1200, calling BTC "the new digital gold." Virtually every talking-head who goes on the MSM television outlets is in favour of Bitcoin. Elon Musk the face of the New World Order is pumping Bitcoin relentlessly.

>>30051649
Check out the faggot's website if you want some comedy.
https://kinesis.money/
>Kinesis Cayman is a registered company in the Cayman Islands. Registered address: C/O Stuarts Corporate Services, 36A Dr. Roy’s Drive, Grand Cayman, Cayman Islands, KY1-1104 Company No: 338455. Kinesis AG is a registered company in Liechtenstein. Registered address: Austrasse 49, 9490 Vaduz, Liechtenstein,
>trust us guise

>>30049914
>It's crypto but shittier and less secure, but we promise there's gold in a vault somewhere and therefore this digital money is more special than the other digital money
Fucking kek the Kinesis boomer is back. Shiny on you crazy diamond, shine on.

>>30051831
Kek. He's actually hilarious for bringing this to /biz/'s attention. Not sure if the boomer realizes how this could backfire quite spectacularly.

>>30051790

Andrew Maguire: Fights the banks, exposes predatory manipulation on the COMEX, nearly gets assassinated in a car crash

Cryptocuck: Buys a ponzi scheme and hopes that the number keeps going up

>>30042897
Harry Dent has been predicting this for at least the last 10 years. It's like listening to Gordon Chang about China, he is ALWAYS wrong.

>>30052013
>Andrew Maguire
>trusting a bong
yeah nah
>>30052035
I get that but even he seems to have realized that he is basically becoming 'old man shouting at cloud' and has scaled back a lot of his dumber predictions in the past and he's being more specific about what he's saying regarding further stimulus.
I wouldn't blame you for dismissing him on the basis of being wrong in the past, but I'm curious to look into his general arguments to see if he has a point.
If he's wrong, then it won't really affect me. I'm already hedged in the way he advises (except I don't own bonds).
I don't like to dismiss people like him purely on the broken clock idea.

The modern economy and long term trend is necessarily deflationary.
Any inflation is just a temporary result of the financial high priests working scared.........

Trust the experts they will protect us from a depression :^)

>>30046220
Didn’t the lockdowns prevent inflation so far

It’s not crazy to think we’ll have a deflationary crash, in fact, odds are pretty good. The thing is, it is impossible for governments to just sit by and allow it to happen. They have already started direct stimulus money to people. You think that wouldn’t ramp up if we had a major deflationary crash? They will print until it hurts to give people money because that’s the only way they don’t get guillotines. People today can’t support themselves like they could in the 30s. So they will have to provide income from the Treasury for people and they will because that’s what gets them elected. What do you think happened to flip both Georgia Senate seats blue? The promise of more stimulus money. Guess what? It worked. You don’t think the very same thing would play out if unemployment shot up even higher and people were even more desperate? We crash first and THEN we hyperinflate.

By the way, if you haven’t noticed, the Fed has already quietly implement yield curve control. After the disorderly sell off last week on the 10Y, they went to work and did not announce it. If you look at the chart since then, the 10Y yield has stabilized...unnaturally. This is how far they will go to prevent a crash, and when they can’t prevent it, they will go ALL out in trying to quickly reflate.

>>30052756
Yup. UBI and MMT will continue to become public policy....

what a retard, he's wrong most of the time. I'm now more confident of inflation being imminent.

>>30052756
>The thing is, it is impossible for governments to just sit by and allow it to happen.
haha, yeah. impossible.

>>30052987
How did they stabilize it though?

>>30053920
Seems this dude has been sniffing his own farts ever since his Japanese prediction came to pass

>>30050795
There are millions of homes in the US sitting empty. You look at Moortugal, same thing, millions of homes in the 500k EUR range that nobody can afford and who wants to buy a home in Europe after the fascist state took its mask off during the Coronahoax? Mostly those who park their money in western RE and anglo boomers who are on their way out.

>>30053920
>2 more weeks guise! inflation is nearly here! trust the plan
>>30054825
He's predicting a real-estate crash too. It's just that everything will crash at the same time so only those who have enough money on hand will be able to buy the discounts.

>>30042897
I literally sold all of my stocks after reading this thread. It's money I need to buy a house in about a year's time, so better to miss out on some gainz than to worry about a deflationary crash.

>>30042897
>Oh no! DEFLATION!!!!
Yeah right. People have been sweating over potential deflation for the last 30 years. It's never happened.

>>30055460
He's talking asset price inflation, not goods inflation.

>>30055308
inflation is only now becoming a genuine concern. the underlying factors (namely fed rate decreases) have been accumulating since the 80's and especially since yellen, but thus far has been kept under control. this is quickly changing, however with the fed printing the equivalent of $100 billion (soon to be $150 billion!) every month for the past year. it may take more than two more weeks, but to claim we won't see any substantial inflation this year is absurd.

>>30055427
I hope that you converted that cash into PMs because if you didn't you're in danger of getting wiped out at any moment. Whether by hyperinflation or a banking crisis.

>>30054432
Buying 10Ys to keep the price from rising. YCC is QE, but it’s across the yield curve so they can basically set targets for any maturity.

>>30056409
>they still think the US = Zimbabwe
He's not at much danger of losing cash through inflation.
Having an equal amount of cash and PM would be preferable imo. That's not even what the boomer is suggesting, he's saying cash is preferable to gold. I wouldn't go that far but yeah it doesn't hurt to have some balance.

>>30054320
Debt to GDP is so absurdly high that that is impossible to do now. We’d have a fiscal crisis at 3% now.

>>30042897
>if he is wrong and this doesn't take place within the next few months starting around June 2021 to never listen to him again
>dies in April

>>30050500
What could go wrong? Your understanding of a global decentralized payment system. Bitcoin has a satellite network and international mines guaranteeing the network. Doge is a smaller yet similar version of this network in practice and effect. Just because it uses a meme doesn’t mean there are not miners dedicated to it and it is fair tender of goods.

>>30056768
Not the particular point I'm making. This clarifies. >>30050500 When you have thousands of different cryptos which are all equally essentially worthless, it doesn't matter that 1 BTC = 1 BTC.

>>30046262
>COMEX default if the banks smashed the price again that far
>premium prices increases enough to suppress buying pressure

COMEX default won't happen because they'll just prevent people from buying via high premiums (like they've been doing). Meanwhile you can only sell for paper prices.

>>30057170
Premiums apply to retail products, not the COMEX. COMEX is where you can take delivery at spot if you have at least $140,000 (for 5 1000-ounce bars). All you need is a commodities-trading account and the ability to drive to a New-York warehouse. The higher premiums go, the more incentive wholesalers, refiners, dealers etc. have to take delivery on the COMEX and pocket the arbitrage. Add to this that hyperinflation is here and that silversqueeze and WallStreetSilver are growing rapidly and a COMEX bankruptcy is inevitable.

>>30046970
>>30047122
100% this guy shills the Lightning Network.

>>30057401
>Lightning Network
We all moved to DeFi about a year ago. LN is now only a boomer meme so once again a boomer outed himself ITT.

>>30050387
actually it is possible if velocity of money collapses to such a level as to compensate for all the new money. But as soon as that velocity increases back up to normal levels....

>>30042897
>boomer predicting
Stopped reading there.
If a boomer isn't a billionaire then they have a double digit IQ.

>>30048828
Not if its held in custodial wallets, which most are because BTC is a broken piece of shit thanks to central banker subversion.

>>30050031
CUTE

>>30057554
>only billionaires have correct opinions about anything
Yeah Musk really proved that recently didn't he?

>>30056687
i disagree because harsh austerity is coming -- is happening. municipal debt is a landmine and they're going to patch the holes by degrading every public service. mail was first, then cops ("defund the police" was/is in fact an austerity psyop), next will be schools and then the rest. infrastructure is rotting, emergency services are stretched thin... the writing is really on the wall here and it's quite obvious that the people in charge don't really give a shit about the kinds of conditions this will create because they're completely insulated from it.
in a few years they'll expect you to go to the "community doctor" for surgery in his basement and you'll be fed a load of shit about why that's a good thing.

>>30057696
musk isnt a boomer

>>30057382
Good point. Still though, premiums lock a lot of potential buying pressure out and suppress the price. Its utter bullshit.

>>30057696
I specifically meant easy mode boomers.

>>30057508
>DeFi
Defi is Bitconnect for slightly smarter people than the kind of people who fell for Bitconnect.

>>30055308
It's almost as if Real Estate prices need to come crashing down so people can afford homes. The days of parking your wealth in RE are numbered. It's not like there is a new system being built for the past 10 years to absorb the world economies and possibly redistribute gorillions of siphoned wealth.

Maybe BTC was just the first phase of redistributing that stolen wealth. Just maybe..

>>30044312
>I gots me sum moneys 2 doe!

>>30042897
>Boomer predicting

>>30042897
imagine assuming someone wasnt in control of the economy *shrugs*

>>30057715
It’s not just municipal, the national debt can’t be serviced and 20% of corporations are zombie corps. The austerity that would be needed is so sharp, it would guarantee a bloody revolution. That is just not politically tenable. The short attention span politics won’t allow it.

>>30047415
>If you can't hold it and trade it, it has no real value
>People will use their valuable internet
Unironically stated

If there are any Christian brothers here I’m in a bad place in my life and in dire straights if anyone can help me you will be saving my life, hopefully someone sees this will know my struggle is very real, thank you brothers and sisters and God bless you all.

0x984382c2c22eDc389c0e5895A58d5e01d551D8D2

bc1qpqxzcq5ar9u4p6zkh3vzten2stl2uvn08sue6w
And I’m sorry I just don’t know where to turn anymore and you do seem like good people.

>>30047415
>Crypto has far to many flaws to be a hedge against inflation. With the most obvious being, its directly tied to the USD, and its entire value is based upon the value of the USD
jesus fuck you are clueless aren't you

>>30042897
If this happens crypto will be a safe haven, right?

>>30047748
banks are buying stocks and crypto, mostly stocks. that's where the money is going, not fucking loans

>>30058143
America is on its way to becoming Europe 2.0

>Government handouts left and right based on simply printing more money
>Young people being told to "get used to the idea of not owning your own home" and "there's no shame in renting for life"

Take every penny you've got and buy physical gold.

>>30048707
>Honestly crypo treated as an index for the stock market overall, is actually not a bad way to think about it.
it is, jesus fuck you boomer stocks fags are clueless about crypto, you guys have no idea wtf you are talking about

>>30045130
We have a bit higher to go before that happens.

>>30059091
Nah they have a gorillion tons of Gold stashed in mountains in Taiwan, Switzerland, Phil, etc.
Also they can transmute lesser metals into Gold.
Conservatards will get it eventually. You won't be poor but you won't have much financial leverage in the new economy.

>>30042897
It's a new paradigm, and everybody who doesn't buy, now, will be priced out forever. Anybody who does buy will be rewarded with a lifetime of riches, as their bitcoin will continue its 30% monthly price increase.

Nocoiners, and anybody born in a future generation, will not be able to afford a $10,000,000 satoshi in 15 years. They will live in tent cities, and Hondas.

This asset bubble is different than all of the others - it will never slow down, or pop. The gains are permanent.

>>30047122
>doesn't realize blackrock just sold half a billion in paper gold
>doesn't watch the charts to see the daily lunchtime paper dump
>doesn't realize that other banksters are using paper to keep the price down
>doesn't realize the bankers are oh-so-generously extending his chances to buy PMs at pre-weimar rates

it's okay champ, ill still let your mom and sister suck me off for a mercury dime so they'll be able to afford tendies for you

>>30047415
Thanks, I just dumped my stack

>>30058663
if you want a historical parallel just look at the state of the warsaw pact economies in the 80s.
joe biden is the american boris yeltsin and this is 1989 for the west.
collapse will be swift and unceremonious.
the big question everyone is asking and arguing about what the answer will be is how to hedge against this. cash and bonds are the stupidest most suicidal bets. so that leaves precious metals and crypto. the latter has been shown to work in real world scenarios with incompetent central banks and imploded economies. the former is all theoretical and runs mostly on boomer hopes and dreams.

>>30048828
1 oz Au = 1 oz Au

>>30042897
I'll listen to this but what does this mean for US foreign policy?

>>30052292
>I wouldn't blame you for dismissing him on the basis of being wrong in the past,
>>30056549
>That's not even what the boomer is suggesting, he's saying cash is preferable to gold. I wouldn't go that far
You're admitting that he is mostly wrong in everything he says... yet you still follow his advice. Aren't you a bit stupid dude?

>>30051790
>is genuinely decentralised by hiding out in tax havens
>thinks Bitcoin, which can be taken out by Biden at any moment, is worthless
>anon is surprised by this

>>30058046
I can see that smoothbrain from here

>>30058143
Yeah this is one way to look at it desu

>>30057517
wtf does velocity mean

>>30058974
No, the opposite

Ok so how do we protect ourselves from deflation?

>>30049262
the true problem with crypto is brand recognition
butcoin's the only one normies know, with the exception of doge cause elon
but it's never going to be wholly adopted because TPTB don't fully control it
they'll introduce a central bank digital currency, CBDC, which will be accepted as payment without any of the current troubles bitcoin has
true believers and the informed won't use it, but normies will, especially when they dole out stimulus payments on it

but everyone will suck a cock for a nice thin silver dime

>>30059795
>collapse will be swift and unceremonious.

This guy gets it. This party is coming to an end, and fast. No one wants to claim responsibility for America anymore. White men have been pushed to the edge by the nation that their forefathers built, and all of the ungrateful niggers and women think America is devil incarnate. As much as I love America, no one is willing to stand for this flag anymore, because it's done wrong to almost everyone who has been under it. Consequently, America will end, and its death will be an amusement for those who hate it.

>>30060570
>butcoin's the only one normies know
My boomer aunt knows about Ethereum.
Maybe you're the normie.

>>30042897

Bet against inflation with commodities

https://seekingalpha.com/news/3668261-cleveland-cliffs-upgraded-at-glj-on-steel-pricing-strength

>>30060632
>Consequently, America will end, and its death will be an amusement for those who hate it.
Where do I put my money? China? Switzerland?

>>30060654
>eth
>vitalik 'holding CP doesn't violate the NAP'
lulz k, does she hold any?

>>30046626
>hyperinflation is here
A housing bubble isn't hyperinflation. Wake me up when there is not enough food for everyone.

>>30047168
Why would normies refuse to accept fiat?

Because the entire economy is gone. When you can't even buy food with dollars that's when people will drop it.

>>30042897
>in 2000 he predicted DOW would reach 40K in the 2000’s
WRONG
>in December 2016 he predicted Donald Trump’s election win would cause the Dow to fall 17k points.
Wrong
>in 2014 he said the price of gold would fall to $700
>WRONG

>>30059948
I said I was already following his advice anyway, what he said hasn't impacted me that much.
I also believe that he shouldn't be dismissed so casually. I've been looking for someone who can read the current conditions of the global economy and so far only this guy seems even 1% close.
>>30060245
>which can be taken out by Biden at any moment
You have to go back
>>30060529
Already stated a few times, hedge into cash and PM. Stocks and crypto are going to get raped the hardest when this happens.
I'm heavily in crypto so obviously this worries me, I'm going to spend a while reducing my exposure.
>>30060688
I keep saying this but you people seem impervious to facts, stocks and crypto are going to get fucked.

>>30048707
Unironically this, Bitcoin is like a trading sentiment index. Since it's worthless right now (can't use it to buy groceries) the only element that plays into the price is human psychology.

>>30046323
>we haven't had inflation
wut...?

>>30060507
Harry Dent is just entertainment if you like him, you should take the Jeff Snider deflation redpill.
This guy has some good articles too about fundamentals of the economy.
https://www.investing.com/members/contributors/34316/opinion

>>30061359
you can buy anything with bitcoin. and, shock of all shocks, you can even pay your bills with it now.
what do precious metals buy? cash.
oh wow what a great fucking hedge that is.

here's the eurodollar man's argument - constant battle against deflation in Japan even though they've done QE since the 90s, well before the US

>>30046085
probably one of the best videos to watch that floats anywhere. these two fags are probably the only two people I'd really follow. Schiff gets regulation and is entertaining. Dent is smart and communicates well. I think Dent is right, but I also think that everyone excluding gold/silver bugs fail to recognize the ceiling for Gold/Silver is likely a 10x-100x in real terms from where we are right now. I don't think that the gold and silver crowd are smart or better, but they happen to have made the best report from the info that they would naturally seek and uncover.

>>30061957
>>30061413
It's pretty hard to find someone who knows macroeconomics who doesn't sound like they're talking out of their ass.
I'll take what I can get at this point.

Fed - prints 1.9 trillion dollars, with ~2 trillion more on the way.

OP - "watch out for deflation!"

Stupid

>>30062112
>>30062112
one example. if you want to learn why QE is deflationary.

https://www.youtube.com/watch?t=4498&v=14I1BdncYVo&feature=youtu.be

>It means, unequivocally, that low rates are not stimulative at all, rather they are indicative of monetary contraction. Another way of saying that in mainstream terms is if a central bank “needs” to stimulate year after year after year it isn’t actually stimulating anything, it is being slowly strangled by the same monetary noose in sympathy with the real economy. The real economy loses function and activity while the central bank loses (rightfully) credibility.

>>30062194
learn what a bank reserve is. It's an account at the Fed. Commercial banks never rely on it and can't take it out... they have no one to lend it to.
It's all an illusion.
All those trillions - they never make it out to the real economy. Fiscal stimulus - your stimmy cheques is the only thing that matters. If you want to make an argument about inflation it'll have to rely on direct fiscal stimulus

>>30059444
What kind of schizophrenic bullshit is this?

This thread has entirely too many retarded boomer faggots who don't know the first fucking thing about crypto, and modern macro/micro economics in the global spectrum. It is pathetic that you boomers continue to try and fuck everything up. jfc, just fucking die already and let the Gen X and Millenials take control. We'll try and fix all the fucked up things you shitheads did to this world. tl;dr FUCK BOOMERS!!!

>>30063063
>retarded boomer faggots who don't know the first fucking thing about crypto, and modern macro/micro economics in the global spectrum
unfunded liabilities, debt, and pensions. git.

>>30057382
>>30057105
>>30056409
>>30052013
>>30051773
>>30051663
>>30051293
>>30050500
>>30049914
>>30048916
>>30048666
>>30048515
>>30047577
>>30046626
>>30046262
>>30046203
You are a massive faggot boomer who suffers hard from Dunning-Kruger. I can't wait until your entire generation is fucking dead. We're going to abuse the fuck out of you shitheads when you're old and helpless, because you fucking deserve it. You're the worst goddamn generation mankind has ever seen and ever will see. Shut the fuck up, and get the fuck off my board you motherfucking faggot.

>>30062275

>QE is deflationary

It certainly builds up a lot of economic garbage that wants to burn. Zombie companies begging for death, and laughable real estate valuations of empty shit-shacks.

Ultimately, though, I think 2020 should have taught the folks towing this line need to stop underestimating the powers that be and what they were willing to do. Their need is 100% crystal clear: they need to get the US debt/gdp situation squared, so they need to get inflation that would show in CPI, which pushes existing govt revenue streams up and lie about the CPI rate harder than ever to weasel out of entitlements. This is what the UBI and min wage talk is all about, it's not about sudden concern for the proles, they need wage inflation.

On the other end, they know exactly where the "missing" inflation of QE went, and that's why they're talking about taxing cap gains and even unrealized gains. It would not surprise me to hear them float a federal property tax. All potential revenue streams which they don't really capture. But this stuff is hard to do, because it hurts wealthy people directly and may trigger messy selloffs in those markets. Much easier to push inflationary pressure down into goods and services and use the existing tax framework to collect.

They'll try to walk a tightrope of squeezing everybody a bit for more of their purchasing power (but mostly the wagie class), and protecting everybody from anything too catastrophic. Ultimately, teasing the proles with UBI and wage increases is easier than fighting the rich, but it's a very dangerous game and they risk losing control to economically illiterate socialists and us going full venezuela.

>>30042897
>stocks and crypto will go down to almost nothing
Buy the dip then?
??????

>>30046085
I haven't watched the video but why do most people in the comments side with Schiff and think Dent's insane talking about deflation?

>>30063636
>but it's a very dangerous game and they risk losing control to economically illiterate socialists and us going full venezuela.
Can't be emphasized enough. We are not far from having the inmates running the asylum.

>>30064023
gold bugs, they want the asset they hold to do well
Schiff more alpha
deflation, it does sound crazy because no one has lived through a period like this. you have to go back to the great depression for that. 08/09 was a tiny preview. The thinking that the Fed will let this happen is quite crazy... but on the other hand I think market forces will overcome whatever Central Banks are trying to do.

>>30047122
Little known fact but there were more gold bans in the 20th century than FDR's (in fact this page doesn't even exist on english wikipedia but read for yourself)

https://translate.google.com/translate?sl=auto&tl=en&u=https://de.wikipedia.org/wiki/Goldverbot

>At the height of the German inflation from 1914 to 1923 , the issued national government a number of laws and regulations, which is primarily a suppression of speculation with foreign currency and (forced) detection and recovery of precious metals and foreign exchange in the domestic as well as of assets abroad aimed. Under the government of Reich Chancellor Wilhelm Cuno ( non-party ) and under the impact of the catastrophic collapse of the currency, a number of ordinances were issued that restricted trading in gold and foreign exchange. Infringements were punished and the criminalized foreign means of payment could be confiscated.

If inflation gets to the point where people are massively fleeing the dollar, they will most likely try to ban the possession of precious metals, foreign currencies and crypto

>>30064280
>>30064023
that's the battle, will the Fed capitulate to the market, or will they quintuple-down and do what they're doing, taking us to what some think is hyperinflation?
One of the deflationists Lacy Hunt thinks fiscal stimulus is one way to hyperinflation.
The even more contrarian idea put out by Jeff Snider is that no matter what fiscal stim you throw out, balls to the wall MMT, will result in nothing but stagnation. He case he always compares it to is Japan.

>>30058162
kekd

so the fed wants heavy inflation?

>>30062194
Possibly the smoothest smoothbrain ITT

>>30044370
surely the average nignog will invest in bitcoin stock instead of buying the newest Nike wireless charging shoe

>>30058706
Prove Christianity or post bobs if gril

>>30063639
yes

>>30062275
>quoted the year they stopped putting silver in money and 4 years before going off the gold standard
it was a completely different money system. Might have been true back then but not necessarily anymore

>>30064320
oh no i've lost my bitcoin in a horrible minecraft incident

>>30044312
everyone i know spent it on stocks and crypto.

>>30046323
have you seen house/car/asset prices? are you blind? get out of your bedroom.

>>30047415
>PMs are intrinsically valuable
nigger unless you're stockpiling platinum or REMs you're just holding onto shiny rocks that a bunch of barely evolved apes thousands of years ago thought looked nice. Gold has a very few uses outside of jewelry or fashion but nowhere near enough to actually keep the value good. And in a true honest to goodness shit hits the fan scenario your yellow shiny rock will be worth about as much as all the bitcoins from MtGox in that scenario - fucking zero.
Stop shilling precious metals. Shill things that are actually stores of value in the modern world and not from the middle fucking ages. Land, supplies, ammo, water, food, resources - these are what will maintain their value. PMs have seen their day, the last group of people actually willing to boost PM prices were coked out morons in the 80s aka the same type of people who thought pastel colors were cool

>>30049740
>as the fucking terabyte sized ledger is searched
what is "grt: the google of blockchain" for $2000 Alex?

>>30046203
Saw a funny headline the other day

>Food prices soaring even as inflation remains historically low

Lol next thing you know food prices aren't going to be counted towards CPI

>>30042897
I'm ready. I have 300sqft pantry filled with ravioli and spaghetti-Os.

>>30067572
i've been thinking about buying equipment for liquor manufacture. If it will be like 1929, people would like to drink their problems away.

>>30068000
checked
also that could be a good strat but at the same time liquor is easy as hell to make on your own, normies just don't fuck with it because its easier to go to the store and buy.
My recommendation would be to getting a setup for reloading ammo. Regardless of where you fall on political outlook I think anyone should be able to see the value in being skilled at keeping the supply of ammunition going steadily in a SHTF scenario or any other number of shitty scenarios we're heading toward. When biden bans AR models and 5.56 ammo, people who can reload 5.56 ammo and repair/work on/supply AR platform rifles are going to be the new ruling class among the plebs.

>>30047415
>>30048112

Germany confiscated gold - so unless you can store your gold offshore from the states goodluck.

Also again, for the 34th time the dollar is going down against BTC. You are seeing in real time how weak the dollar has been performing in the past DECADE (2009) aginst BTC. You are seeing the trees and not the forest.

It's also terrible advice to say that bitcoin tracks the stock market because that's only been a recent occurence. It doesn't always and you will get rekkted for thinking that it does.

>>30068000
Finally someone that's making sense

>>30067446
They're relatively stable
>>30068428
>Germany confiscated gold
And you'll never guess what happened next!
Yeah it got confiscated back a few years later.

>>30046203
this retards been predicting a crash every year

>>30061359
this must be bait? There can't be this many people on /biz that doesn't understand bitcoin

>>30067809

>>30063363
If you haven't dumped your crypto for silver and silver stocks yet, you're the boomer now.

>>30068507
So you're willing to have the state, take your gold if you can get it back a few years later? This is much safer than just I don't know....not having your money taken in the first place?

>>30068572
The conditions for what he's predicted haven't gone away though. Everyone's dismissing him because he wasn't exactly right at exactly the right time without considering whether he has a point on the general trend of where things will go with extended money printing, increased debt and asset pumping.

>>30068867
Are you mentally ill? Where did I imply I think the state taking away someone's gold is a good thing? Fuck outta here.

>>30064280
Ofc everyone is just interested in supporting their biases, impossible to gouge out any real useful info.

33% in cash, 33% in stocks ,33% in PM I guess it is then.

>>30068948
That's exactly what happened when Germany went weirmar republic. They confiscated everyones gold. So what are you talking about? >>30068507
>>30068669
Fuck your rocks. Your rocks at best is an insurance not an investment. It's not ment to grow you into wealth but protect what you already have. It would be much more intelligent to buy commedities see: bill gates buying farmland

>>30069049
>Ofc everyone is just interested in supporting their biases, impossible to gouge out any real useful info.
Someone gets it. I'm not advocating any of these 3 in particular. Be very careful when anyone is telling you X will win over Y because of Z.
My whole motivation behind the thread was to figure out what to do in advance of a shitstorm.
I lost out in the last few shitstorms because I wasn't adequately prepared and I don't intend to keep repeating that mistake.
1/3 per gold/crypto/pm doesn't seem like the worst thing to do.

>>30069326
Precious metals are a commodity though?
I mean, I agree they aren't particularly productive since they just sit there, but that's generally in the nature of (most) commodities.

>>30069326
>It's not ment to grow you into wealth but protect what you already have

If you understood how heavily shorted silver was what its real price ought to be ($1000, 40x current purchasing power) you wouldn't be saying this.

>>30069648
>its real price ought to be ($1000

How is that possible? That would mean the price of gold "ought to be" like what, $65,000?

Yield Curve Control is here.
The Fed is actively managing the 10Y yield right now. We’re here now. It’s escalation.

>>30052987
yes, they've started YCC, but will it work? it still seems right now like we could go either way: inflation or deflation.

>>30042897
Harvey Dent, can we trust him?

>>30069579
>>30069648
I have some precious metals myself, its about 1% of my networth since I keep so little cash. Though I don't look at it as an investment. It doesn't pay me anything to own it. I rather buy metal mining stock companies instead.

>>30070035
I don't know enough about this to comment but I have heard many people more well-versed than me and there is an absolute consensus (unheard of in this industry) that this is going to end extremely badly.

>>30070035
Top to bottom
>30Y
>20Y
>10Y
>7Y
>5Y
10Y has flattened and is diverging from 20-30Y causing shorter term to decline. They are steepening the curve.

>>30069844
Gold should be $5000-$10,000. "Silver $966 according to ShadowStats not the fake CPI which would make sense because silver went 36x in the '70s and it would have go 36x to reach that number again in today's dollars, plus we get the same number from adjusting the DGR (Dow-Gold ratio) from 1:16 to 1:1 and GSR (Gold-Silver ratio) from 1:70 to 1:14 as in 1980 or by considering the average historical wage in silver." (Some say the GSR should be as low at 1:8 or 1:5.)

>>30070111
kek you fucking shitlord

>>30070139

>>30042897
>boomer predicts
That's it lads, bag your bags nothing's gonna happen. Only larger red flag of nothing burgernerss is allah forgive me for uttering this word, r*ddit predicts.

>>30070035
>>30070185
exactly: what are the direct consequences of yield curve control?
there's not emough info out there b/c it seems it's only been tried once or twice

It's a catch 22. Yes the government inflated the shit out of stocks creating "fake" value. So the price of stock is inflated. That being said if you didn't ride that inflation wave up, you will suffer immensely from inflation, so you would be incredibly cucked by inflation if you did not spend time in said bubble. Then you have to factor in they may just continue inflating it.

>>30070035
Japan has been doing this for a while, nothing new. Just further proof theyre kicking the can down the road.

What if Biden goes to war with Russia to save the USD?

Everyone wants it to be hyperinflation WW3 but that's because you want some assurance that it won't be the same as every other time. That the banks aren't going to get away with inflating tech stocks and subprime MBS. That corporations aren't spending most of their cash on stock buybacks. That the average person isn't neck deep in consumer debt. That the Fed has enough control of the economy that they can do more than pump bubbles and effect real change, even if it's negative. That the pandemic lockdown isn't hiding a wrecked economy.

Well guys, I hate to break it to you. We've fallen victim and they'll get away with it.

>>30070530
The question is, how long does that inflation wave/bubble continue. When does it burst or start to deflate.

An inflationary environment in goods (as opposed to assets) doesn't necessarily mean equity prices will continue to rise (see 1970s USA).

>>30046323
>we haven't had inflation
made me chuckle

>>30067572
>And in a true honest to goodness shit hits the fan scenario
What a retarded argument. Literally nothing but commodities will be valuable in a "shit hits the fan scenario". It literally doesn't matter at all what other assets you own because all of them will be worthless. However some points in gold favor: it's physical which means if you hold it personally it can only be seized from you physically. Currencies have come and gone and gold has always held value. Collapses have always been localized so you can always move the gold if your local currency loses all value, society collapses, and all assets are seized. Assuming a complete global societal collapse then gold can be stored and used once again when society reestablishes itself. No paper currency or stock will hold any value after a collapse.
>Land, supplies, ammo, water, food, resources
Those are things to hold onto in addition to gold.
>not from the middle fucking ages
Land, supplies, water, and food all existed in the middle ages.
>last group of people actually willing to boost PM prices were coked out morons in the 80s
It's nice that your view of history only goes 40 years in the past. Just ignore thousand of years of human history.

>>30042897
Glenn beck really this guys a fsggot

>>30068572
Prior to 2008 crash shorts were at ATH as far back as 2006. Lots of people suspected trouble, but it wasn't until 2 years later shit got real. Look around, everyone knows shits fucked and has been for a bit, bit this charade will carry on longer than we think.

>>30070529
You end up sucking your own dick like BoJ who owns something like 70% of their own debt. But the US can’t do this with the dollar as the reserve currency. Something has to give.

>>30071260
Tend to agree, but there are so many cracks already showing that I doubt they will be able to kick the can down the road for another 2 years. My guess is more in the area of 6 months.

>>30071631
Maybe argue the September repo infusion starting or the bond curve inversion a few months later as a starting point.

So what do i do guys?
what should i put my money into, i don't want to lose badly

>>30067572
>And in a true honest to goodness shit hits the fan scenario your yellow shiny rock will be worth about as much as all the bitcoins from MtGox in that scenario - fucking zero.

Interesting how history is completely against you here

>>30071091
The pandemic lockdown cant be used as an excuse forever. If it is, so what, people get pandemic benefits, which they can then use to buy the stocks and ride the coattails of the corpos.

>>30071630
And the BoJ actually has honor and takes on the problems of their mismanaged economy rather than pawning them off on the average citizen like America does. Even the rich are still thinking "how can we profit off this".

>>30071902
Yourself?

>>30071902
Physical gold, physical silver, mining stocks (safest ETFs are GDX and SIL).

Coins are best, but you can also trust for vaulting purposes PHYS and PSLV, BullionVault, GoldMoney, Kinesis Money.

Do not buy SLV or GLD, they're scams.

>>30042897
says if he is wrong and this doesn't take place within the next few months starting around June 2021 to never listen to him again
respect

>>30071902
I already said 1/3rd stocks 1/3rd PM 1/3rd cash. Covered either way. Obv buy hard assets like property and store food if you can. No one knows whats happening and you should cover all bases not just 1.

>>30046220

>>30046220
>>30072235
>DEEEEFLAAAAATIOONNN
sure

>>30042897
Why would it be depression? Wouldnt it be inflation when there is a bubble pop? The fed is money printer is broken at this point.

>>30068593
My local grocer doesn't accept mexican peso either.

>>30072723
It's broken but people mistakenly assume inflation/hyperinflation is the only possible outcome
>Why
Just watch the video, or his other videos. He explains it pretty compellingly.

Is BTC connected to the stock market?
probably not directly but indirectly somehow?

>>30042897
>Bubble asset burst leading to deflation
So you're saying financially ruined individuals leads to a strong currency... What?

>>30075402
Indirectly, obviously.
It has tracked it almost perfectly for the last 4 or so years.

>>30069326
If the central banks collapse then Bill Gates will be worth precisely nothing because he and his friends will be among the first hanging from trees.

>>30076434
ok based?

>>30074827
Fuggity fug. I dont know what is right anymore.
But my gut is telling me hyperinflation. I live in canada and the price of everyday goods was already inflating pre covid and it is only picking up more speed. I know there is a massive asset bubble and it will burst but I think the central banks will try to solve this by printing even more money and I think that will lead straight to hyperinflation.

>>30076541
>But my gut is telling me hyperinflation
No it isn't. Your (and everyone elses) gut is telling you something bad is around the corner.
Your mistake is to translate that signal into "muh hyperinflation" when it's only one of several possible outcomes.
The point of this thread and others like it is to explore those different outcomes.

>>30064023
How does he expect there to be a period of deflation despite the trillions being printed out of thin air?

I don't understand how that can lead to anything other than hyper-inflation.

>>30076865
Tried to summarize why Dent thinks what he does in these posts: >>30046203 >>30046262

>>30064023
They're not used to new ideas, the hyperinflation meme has had way more airtime than deleveraging/deflation so they obviously defend their biases like the like youtube idiots they are.
>>30076865
The trillions being printed are just created a larger debt bubble which in turn which lead to deflation when the industry starts deleveraging its debt with the money being pumped into it, which in turn will lead to deflation.
This is my understanding of his general thesis, feel free to correct me anons.

>>30077103
This boomer faggot with his obviously-astroturfed memes, just pathetic.
You couldn't "how do you do, my fellow kids" any harder if you tried.

>>30077499
>This boomer faggot with his obviously-astroturfed memes, just pathetic.
>You couldn't "how do you do, my fellow kids" any harder if you tried.

>>30044888
dass based

>>30077596
You're funny in a tryhard-boomer way, I'll give you that.

>>30042897
Well OP when there's inflation eventually deflation happens.

>>30042897
Since bitcoin is a global asset shouldn’t burger deflationary aspects effect it equally to gold? What makes gold a better hedge? In his scenario it sounds like cash would be the only thing you would want to hold

>>30077636
>You're funny in a tryhard-boomer way, I'll give you that.

>>30076541
>>30076541
normal inflation is 50% over 20 years. that's 2% a year over 20 years so of course you're going to face some. US statistics for food is right at 50% for food.
In Canada, I think it will depend on the item. All dairy is heavily subsidized. Meat's been slowly going up. You can still get a 1kg of chicken breast for $10 but it's rarer and rarer whereas it used to be common.
Another example - eggs - $2.25 prepandemic, $3 for 12 during the pandemic. Now I get it for $1.29 sometimes from Shopper's.
Meat is the most at risk since feed prices are going up and I think overfishing is a major risk in the far future. But as far as wheat and other things I don't think it's a problem.
Some things will go way out of wack like home building supplies now but whether that is short term fluctuation and supply chain issues or a long term trend is unclear.

>>30077690
It's not like he's extremely pro-gold. His debate against the notorious goldbug Schiff was linked somewhere ITT.
Gold will always be a *decent* hedge purely because it is rare and doesn't degrade.
Bitcoin has (for the last 4 or so years) operated almost perfectly in line with the stock market.

https://www.youtube.com/watch?v=vXN8ANvWjHk
deflation overview with everyone's fave /biz/ tranny
article about why stimmies can cause short term inflation but why deflation is the longer term trend
https://www.investing.com/analysis/sugar-rush-why-the-economy-will-run-hot-then-crash-200564047
market wants to contract. fed keeps fighting it. who will capitulate first?

>>30078044
>>30076347
hey anon, could you please clarify how BTC is operating "perferctly in line" with the stock market or at least give me a little push in the right direction. i'm searching but i'm too much of a brainlet.
thank you.

>>30077162
Inflation is caused by an overproduction of money in comparison to productivity, we are currently witnessing the biggest example of this in human history, how anyone can think that this will lead to fucking deflation is beyond retarded.

I'm in the UK and our economy has taken at least a - 10% hit in the past year, millions of people are going to find themselves out of work when this bullshit actually finishes, what he is claiming is that businesses are somehow going to start charging less for their goods and services despite the likelihood of runaway taxation and public disorder likely unseen in human history.

Either he's talking about some great reset tier bullshit (which will go down like a sack of shit with 99.999% of the population) or he has been hitting the crack pipe.

>>30079237
Put BTC 3 yr price on a graph.
Put DJIA 3 yr price on a graph.

>>30079245
No you're retarded, bong. You're ignoring how debt is a factor. Gtfo with your bong smoothbrain takes.

>>30079245

Educate yourself on how they "print" money. Central Banks want to give off the impression they can create inflation, but cannot.

If your understanding of inflation was correct you could spot the correlation between Gold and M0/1 Money supply. You could also spot something more than a meager 2-3% inflation since 2012 (since they "printed ~$25 trillion) yet here we are.

It benefits the central banks (read: Governments) for you to believe they have any control over the situation, they do not.

>>30080073

>If your understanding of inflation was correct you could spot the correlation between Gold and M0/1 Money supply. You could also spot something more than a meager 2-3% inflation since 2012 (since they "printed ~$25 trillion) yet here we are.

The reason why gold doesn't correlate at a 1:1 ratio with inflation is because of predatory shorting on the COMEX. When that breaks, gold will be immediately revalued at somewhere between $5000 and $20,000 an ounce.

>>30060450
you have to go back

>>30070529
Banking brainlet here.
From what I read up there's basically one difference between QE and YCC.
QE is for example a fixed amount every month of money created (can be adjusted).
YCC on the other hand is printing as needed.
If my thinking so far is right I'd wager that with QE they can't pump the market fast enough so YCC is used. Do I need to think this further through ?

>>30042897
>meaning stocks and crypto will go down to almost nothing
I guess you can try argue this would happen to stocks, but why do people always think this will happen to stocks? The top performing stocks are generally real businesses that actually make money and provide some kind of valuable service. It could absolutely dump, but this idea that “it’s going to 0/near 0 it’s over” is so fucking stupid and makes me dismiss everything this boomer is saying

>>30044370
>Which is then spent on stocks and crypto.
Many of you anons don't understand that only a few small percent of the population actually touches the markets.
I know its crazy talk right? People spend their money on rent and food. 90% of the population doesn't even know what crypto is or could tell you what a stock even represents.
Stimmy money is being put back into businesses and given to landlords or banks.

It won't be gold, bitcoin of the US dollar you will be using in a few years time, but instead the Yuan.

Harry dent already predicted this but in 2014. Go see his book.

>>30081318
Businesses don't operate in total isolation, that's why, you fucking moron.

The dude looks good for being 71.

>>30080545

Gold, silver, and (only LONG TERM 30 year) treasuries are the only answers. PM for the inflationary argument, TLT for the deflationary side.

I'm not saying PM isn't the only decent move right now but I don't think some worldwide COMEX conspiracy is what's at play, I think pro traders saw retail go long in aug and are trying to scare them out of their chips with dumbass shorts with leverage

You will see an inital huge pop with gold and silver once shit goes down but they will bleed out again due to deflationary headwinds, there will be less real wealth to actually invest in gold

>>30082004
>Gold, silver, and (only LONG TERM 30 year) treasuries
name it something catchy like the Schiff-Dent barbell

>>30082135

Schiff will suffer an aneurism from the glee of being right for a solid two weeks

>>30081923
Really. My pops is 7 years younger and already looks like one foot from the grave. Heavy smoker tho

>>30082004
>TLT for the deflationary side.
I don't completely understand whether non-americans should buy long-term bonds from their own central banks or whether the US is unique in that regard.
I doubt I will do more than just hold some cash, pm and reduce my crypto holdings.

>>30082582

I don't think you should own the bonds but having some of your wealth exposed to an ETF that does is a good hedge against your crypto.

I would argue longing crypto/Tesla is the equivalent of being short yeild volatility.

>>30081877
What does that even mean you dipshit?

>>30082969
holy shit what a smoothbrain you are, please for your own sake think about it rather than wanting to be spoonfed.

>>30082969
it means leverage and contagion. there are many unseen risks in system. Simple example - like is passive ETF investing a problem? Does it make those companies overweight/overbought? But I doubt something like coca-cola will fall anymore than 40% (which would be a huge deal to buy). it's the revenge of the value cucks basically, the fundamental Buffet types who have been completely shut out the past few years.
But unprofitable companies, Doordash, that sort of thing - yea would be a blessing if they bled out and got delisted.

This is true. The asset bubble is too big for the central banks to control but I am doubtful it goes down in 45 days. Doomers love screeching about hyperinflation in the US but that would never happen for many reasons. Crypto will crash as well. Anyone who has been in the scene longer than a year can tell you that it tracks the stock market most of the time.

>>30083684
Well, not 45 days, more like 90

>>30083684
>portfolio up 4.9% today
damn it feels good to be a commoditieschad

I can tell you housing prices will never go down. Myself and everybody I know in our 20s have big piles of cash sitting in the bank. Useless, because it's still not enough for a house. The day housing dips slightly everybody and their brother is jumping in to buy like sharks with blood in the water

>>30062374
There are no longer reserve requirements for the past year. Its so fucked.

>>30084456

The reserve reqs dont matter since the Banks aren't lending. Their standards are the highest since 08.

An ordinary individual does not have access to cheap (non mortgage) credit right now. The only entities who do are large cap corps with credit lines with Banks that are fully drawn upon (in case they need it).

The system has been waiting for another March 2020 since March 2020, nobody wants to be caught with their pants down in a liquidity crunch.

>>30053920
like all doomsayers he predicts all the crashes all the time and when finally one happens he goes all
>i told you so
all these bearish cucks make me sick

>>30046220
QE in the early 2010 went into the banking system which flowed into bonds and stocks, much like it does now. The reason inflation didn't happen is because banks don't increase their crediting in a slump. The inflation won't come from banking. It'll come from foreign exchanges, foreigners selling treasury bonds. Treasury bonds prices' falling means increasing yields, increasing yields mean inflation expectations will follow. Fed will then have an option, to increase interest rates and kill the economy or let it overheat through rising inflation. Also not to mention supply chains getting rekt and insolvencies on the rise, meaning NPLs piling on the balance sheets.

Instead of watching for usa to collapse watch for the dxy to climb and force unscheduled central bank events around the world like australia, Canada, Brazil, probably more south american, turkey, larger expansion of SDRs

>>30042897
So just buy chainlink right?
That's how you win in the upcoming crash?

>>30042897
>end of central banks

I will lose my entire portfolio if it means that it leads to weimerica finally collapsing in on itself.

Nothing is going to happen you retards.

>>30042897
So what is actually in a bubble. Stocks or the dollars that tells us the "value" of stocks. Value is long gone, dollars fall is incoming. But the fuck, what is gonna come first. Deflation or inflation?

It would make sense to me that they crash everything with no survivors...

>>30085650
Billionaires have to have something to escape to.
The question is what?

Judging by the World Economic forum, and the "great reset" bUiLd bAcK bEtTeR campaign, the answer is chainlink.

>>30086317
Good. Because I'm already balls deep in it. I only have link and physical silver. Am I gonna make it?

>>30086317
>the answer is chainlink

>>30086832

I know I laughed a little too

people like Harry Dent predict the economy is going to crash every year until they are eventually right... good luck predicting when that is... the FED calls the shots and when they decide the show is over then its over.. in the meantime, best of luck anons... inflation? deflation? no one has any fucking idea

Harry 'the deflationary fairy' Dent has already had his asshole torn wide upon by Peter Schiff.

Listen to this debate and see for yourself which one knows best.

https://m.youtube.com/watch?v=TIw-rO2ooIQ

>>30047415
your esl writing pisses me off, fuck you

>>30087457
Friendly reminder.

>>30059469
Screenshotted for my cringe collection

>>30087640
god fucking damn it i dont know if its true or doomsday silver garbage again

What happens when the silver is sold out? When everyone will be unable to get any because of the demand. Wouldn't it be logical they go to the next thing (crypto) , which is easier to handle and can be bought by a few clicks...

Imagine the fomo when people wont be able to buy silver or gold either because it will be to expensive or they wont be able to get any. They will choose to buy crypto right? Either that or watch their fiat be worth less each month...

If there are any Christian brothers here I’m in a bad place in my life and in dire straights if anyone can help me you will be saving my life, hopefully someone sees this will know my struggle is very real, thank you brothers and sisters and God bless you all.

0x984382c2c22eDc389c0e5895A58d5e01d551D8D2

bc1qpqxzcq5ar9u4p6zkh3vzten2stl2uvn08sue6w

And I’m sorry I just don’t know where to turn anymore and you do seem like good people.

>>30068000
Based and moonshiner pilled.

do i care OP. if it goes to shit in an instant the thought of surviving this totally interdependent charade is enough to take me to the edge of a bridge before anything else.

>>30088207

fuck off fag

MODS

>>30088181
Reserve your seat please.

>>30087640

retard-tier post, Buffet sold all his PMG in November

the reason the price of gold is "suppressed" isn't a fucking COMEX conspiracy it's the market pricing in that gold ownership will be made illegal before any of this goes down, anyone with half a brain knows this, even Peter Schiff does (that's why he lives in Puerto Rico)

>>30087640
How long do you think we have before the big crash happens? I've seen 2025 being thrown around. All I know is the Fed will delay/prolong it for as long as they can

>>30088390
think more like end of the year

>>30050031
A cheat code for pussy right here

>>30088207

>you do seem like good people.

>>30057828
The nigger's posting doge memes in 2021, retard. The boomer is a mindset moreso than a demographic group, how do you not understand this yet.

>>30088207
Kneepads

>>30057517
Velocity is just gdp over m1. M1 is going up but so will gdp.

>>30044568
Lmao by this post alone meme magic will just fuck this guy's prediction out of spite

I literally don't know what's happening because the crypto & stock markets seem to suggest deflation expectations but conventional wisdom would say that inflation is supposed to be on the way

So how long have these hyperinflation threads been coming?

>>30060857
Scarcer goods get inflated first and inflate further. Not a hard concept to grasp.
Why would teddies inflate if gmo's remain cheap and Mexican labour plentiful.

Investable assets inflate first and have been for the last 10 years.

Now it's time for scarce goods, land, high end chips, etc.

Ammo, workout weights, and gpus are just temporary shortages. But if no one invests in further production it can take a while to resolve.

>>30061781
Japan's m1 supply goes to bond purchases to fund government economic stimulus.

Your explanation is just incidental.

>>30062275
Deflationary only in the sense stonks will crash. Their bottom is still around their value P/E ratios. And only when there is a good alternative for the capital to flow into. Like higher yielding bonds or booming commodities.

>>30042897
>boomer who says some stuff

>>30067809
Nah more like they count gmo and bugs as food and take out meat prices because muh environment

>>30080073
Why would my correlate to inflation, most of the increase went into government bonds. And the government money is going to take time to cycle through the economy.
Stats show that government stimulus was saved as much as spent. So again no big inflation yet.

We're already in a great depression it's just that gibs mask it.

>>30088156
FUD.
Anything long you see in /biz/ is either a doomsday shit fake troll post or sort of semi-helpful shit with half-truths.

>>30088370
>Buffet sold all his PMG in November

His main PM investment was Sumitomo which owns the San Cristóbal silver mine in Bolivia, not Barrick. Barrick was a distraction.

>>30088156

It's wrong on the nominal yields the market can tolerate, though only because the yields are rising due to inflation expectation. You have to make a fine distinction between nominal, real, and "really real".

It looks like nominal and even real are rising. They're not. They're flat or down in reality and the market is calling BS on the supposed real yield because they're coming around to the inflation hypothesis. Braindead arbitrage robots are making a yuuuge mistake putting gold on sale right now because their API data feeds into this logic:

Sell_Gold = (10_year_nominal_yield - CPI == high) ? true : false

Except the CPI is already BS, and the fed's gonna get more than they bargained for.

Also, Weimar level inflation is not gonna happen in US that's hyperbole. Argentina level tho, yeah maybe.

>>30046203
10% inflation year after year
>doesn't thing deflation crash is the cure
Do you have 10 iq ?
Yes they are emotional human phenomenon but caused by real things

>>30046220
You know very little there is a reason bc monry creation is actuallt deflationary ill try to find the videos

>>30042897
Cool