/biz/ - Business & Finance

>>51632073

most people have pensions indexed with inflation

King Charles is British not UK
Sterling is driving

>>51632094
>He thinks the pensions will keep up with real inflation instead of the fantasy government numbers

right when most europoors convert to USD, that's when USD starts the mega rugpull

>>51632073
Europeans don't have retirement accounts. You are forced to pay "retirement insurance". Based on how much you paid you will then receive monthly retirement payouts once you hit the retirement age.
If the Euro rugpulls the people that will suffer most are the ones already retired or about to retire.
The young population can't expect to ever retire anyways, since it's clearly a ponzi and Europe doesn't have the population growth to sustain the ponzi for much longer. This is one of the reasons why the retirement gets constantly increased, politicians want to raise the retirement age in Germany to 70 LMAO

>>51632395
in USA we have easy life and can retire when we want without gov help

>>51632094
sweer summer child

Eurofag here, I unironically thought that the Dollar milkshake theory was just a meme.

>>51632490
Even your milshake pic is shit....europoor

europeans don't really work, so they don't really retire

they just float around in the nebulous NEET world with no purpose. They get really shitty healthcare for free and are allowed to travel to the slightly sunnier neighboring country next door once a year as a reward for joining the globohomo regime

>>51632462
That's actually true. You literally can't retire early in Europe, even if you are part of the top 5% earners.
America is heaven on earth if you aren't a retarded 80 IQ cattle.

>>51632073
the average eurocuck doesn't even know that inflation is a hidden tax on moneys. 1 euro = 1 euro so no el problemo, no?

>>51632094
jesus christ, pension is ponzi scheme, you sound like a 9 year old

>>51632625

>>51632073
do people really believe that the euro will reach zero? why are you so delusional russiabro?

>>51632703
how do women post stuff like this and not realize whats wrong?

>>51632703
14 year olds do need to work, this looks like overkill but still with this attitude, this little punk will retire by 30, or with higher IQ - as early as his early 20s.
Meanwhile Western Euros will never retire.
There's a glimmer of hope in the East, but I feel like the EU will ruin that, too.

>>51632717
>why are you so delusional russiabro?

shut the fuck up you fucking ESL stupid nigger. Americans have been making fun of Europe and Great Shitstain for their plummeting currencies for months now. We're not your ally, we're using your continent as a warzone buffer with Russia. In fact probably like 30-40% of Americans support Russia over Ukraine anyways, but in reality Americans do not give a FUCK about your continent and we're just memeing about your currency and economies going to Hell in a handbasket because it's amusing

good luck this winter

>>51632703
Look I don't give a fuck what some goycattle does to earn minimum wage. Do you unironically strive to be like these sub 80 IQ people? The reality in America is that if you are smart you can make much more money than your counterpart in Europe.

>>51632903
>Based mutt reestablishing the goy hierarchy.

>>51632941
>muh buzzwords

enjoy your energy costs and plummeting networth this winter, nigger

The petrodollar is running on fumes, in case you didn't realize it yet. And basically, they're gonna dump eeeeeet.

>>51632703
What wrong with working as a teen?

Started working when I was 12yo kid in germany

>>51633236
nothing wrong, but luckily we had no attention whoring parents who put shit up on social media

>>51632094
>most people have pensions indexed with inflation

>>51632073
ironically, it's easier in Eastern Europe to have a normal checking account which are multi-currency; receipts in Euro stay in Euro in your account next to your Lei or Korona or Zloty. In the west however you must nearly be a company to show a need for a multi-currency account. Receipts in dollar are automatically calculated and added in Euro. The east has a history of high inflation and has better tools and preparations (mindset in the populace) in general.

>>51632589
boomers got to retire, some as early as 55. Gen-x and can work until 70 in some EU countries. Zoomers will likely die on the job or on welfare since Africans will take their place.

>>51632589
>He doesn't know how well Euro boomers had it
Imagine living in America except with no violent obese retards

>>51632073
>since your currency is going to 0, that means basically everyones retirement account is going to 0
Wrong. When a currency implodes, other limited assets priced in that currency head towards infinity.

Eurocucks should keep a decent chunk of their wealth in US markets because US companies are simply run better in terms of rewarding shareholders, but holding USD would be retarded. Slightly less retarded than holding euros, but still, retarded. The king among losers is still a loser.

>>51632703
i wish bs child labor laws wouldnt get in the way of this happening more often

>>51632094
Are you for real? Most state pensions are payed by the current workforce...

>>51632625
Whats is stopping you from retiring early? Providing you have the financial means to do so (which you also need in the us)

>>51635106
No, at least in my country (Spain) are paid partially with debt. Maybe is not OK but ECB allow this.

>>51635161
Fair enough, atleast its not a textbook ponzi like that of germany
>>51632395

>>51632073
yurofag here
Im self employed so I only pay income tax, I dont particiapte in the social security or retirement scam
Im working remote for a US company and get paid in USD
my investments are also in USD denominated US equities
Im sitting pretty comfy and hope the euro will crash more :)

>>51632073
I invested my boomer parents retirement savings in mostly global index funds(which means mostly US), gold and told them to buy an appartment with a mortgage when interest was still lower so inflation is doing its job there. But yeah… if you are like most german boomers „invested“ in high interest savings accounts or euro bonds ur fked

>>51635823

Which Euro country can you opt out of social security?

>>51632073
Protip: the shit Euros buy is also in Euros.

>>51632073
Low-key I'm accumulating European value stocks right now, you have discounts that are simply absurd. The gas shit will blow over, German politicians are going to rim Russian asses to get gas no matter the sanctions because even lefties are getting pissed at the prices. I would advise you to buy these comfy dividend stocks that will produce a profit either way because people need groceries and a roof anyways, no matter if they pay 5x for it. I'm really getting a major fear vibe, inflation is probably peaking, the war will come to an end, buy now with everything you have

>>51632131
You don't need government numbers to tell you what bread and groceries cost.

>>51635874
germany
self employed dont have to pay pflegeversicherung, rentenversicherung and any of that. I dont even have health insurance. krauts always get a panic attack when they hear that.

>>51632659
oh look, its the faggot posting his watches again, flexxing on literal retards on an anonymous forum again ! ahahahahaha such a small dick ... LOL...

Have you gotten a lot of compliments today, rich boy? Cringe af.

>>51632511
you're so retarded you can't read that it clearly says mcdonald's

>>51632903
>We're not your ally, we're using your continent as a warzone buffer with Russia.

In reality you pay for the defences of europe and send millions of dollars to ukraine and germany - AHAHahahahhahahahaha

>... and economies going to Hell in a handbasket because it's amusing
American economy is doing amazing as of late I see. Are we coping hard today mr.amerifat?
Is life hard now under biden? LOL...

>>51632073
Super easy to invest in American capital markets in a non-speculative manner. So leverage is a bit hard to come by (ie investing in options market isn't nearly as common here as it is with zoomers/millenials in America), but opening a brokerage account or a USD account is trivial.

With that being said, most people don't do that since it's been a while since you've had shocks to the EUR of this magnitude, and we are more sceptical of American financial misbehaving than German one, hence why we tend to trust the EUR more than the USD.

I don't know of anyone that keeps their savings on USD that isn't doing that due to trading accounts.

>>51635921

>browneyes desperately trying to fit in the first world
embarrassing

mad how easy it was to play yurocucks for fools

>>51635987
what side will you take on the race wars on thirdie island nigel?

>>51632765
for sure. i was doin part-time paper runs and milk delivery when i was 12 for cash, cos it is not legal to work until you're 14 and 9 months in my cunt and also cos fuck tax. Makes me lol hearing the breeders at work complain their kids are in uni and can't find part-time work, when they've never worked a day in their lives, and how it is so unfair. Same as when the kids finish uni and can't find a job, cos the reality is that their kids are competing with old m8 burger king with 8 years work experience under his belt before he even gets his degree.

>>51635909
Are you in Germany rn? How did you cancel your health insurance? I tried but they didn't allow me to

>>51632073
In the name of yeshua hamashiach, let the satanic Europeans meet unrivaled cold! Let it be -60 Celsius in October!! Thank you, Lord!

>>51636172
And also lightning strike all bureaucrats of the globalist organization United Nations, wef, bill gates, and klaus schwab, and tedros! Thank you, Lord!

>>51635886
can you give an example of such stocks

>>51632094
State managed pensions are common, and basically just a system based on the working population paying for the elderly thinking this will be the same in the future.
The idea is based on pensions starting around average life expectancy and inability to work combined with population growth.
The illusion of paying into a pension for yourself is created the state investing but actually only keeping around a month of reserves for cases the cash-flow slows down temporarily.

>>51635909
Germany is set up for large corporations partially owned by the state (VW etc.) and those on wages and welfare.
Small business is too small to fight the finanzamt and is hit with reichsfluchtsteuer on escaping. Fucked up stuff is the tax-law not being the important stuff but the "Verwaltungsvorschrift" and unofficial local interpretation of this interpretation of the tax law.
Once it gets a little complicated It's impossible to do your taxes yourself without having several experts working for you as the thing is too complicated even for those that studied it to come to a unanimous conclusion, and the tax-office generally having a guilty until proven innocent approach.

>>51635886
Spoon feed me wich stocks you are buying pretty please anon

>>51635145
>Providing you have the financial means to do so
>europoor
you just answered your own question.

>>51636172
That would be pretty based because at least it would probably kill those fucking tiger mosquitoes.

>>51635971
Why is this spic nigger always posting watches on many boards? You never had money before to afford one in your life, right anon?

>>51635909
>>51636110
CAN SOMEONE TELL ME HOW TO CANCEL MY HEALTH INSURANCE REEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE

>>51635886
>German politicians are going to rim Russian asses to get gas no matter the sanctions because even lefties are getting pissed at the prices
Meanwhile they close nuclear power plants.
No. Germany won't survive the winter.

>>51636289
goy, you need to keep paying for your insurance, how else would be able to treat obese shitskin invaders without your payments ?

>>51636289
as a german: you can‘t. you‘d have to earn over 64.350€ to do that

>>51636345
Yeah that's what I thought, but >>51635909
said he doesn't have one

>>51636334
REEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE

>>51632589
Pulling bullets out of children isn't a necessary job in Europe.

>>51636110
yes Im in Geramny right now.
its true that technically have a versicherungspflicht. and as a wagie you automatically get into the gesetzliche KV.
but if youre self employed that doesnt exist and theres only private. So while you are technically obliged to get health insurance, you can just not get one and nobody cares. theres no punishment or anything like that. many self employed people have no KV because they often times simply cant afford one.
>>51636222
checked
everything you say is true
taxes are a nightmare and starting out as self employed is next to impossible unless you have capital and expertise.
theres so many hurdles. I had to leave the country and spend 3 years building up my business. and then I went back home and still almost got bankrupted by the finanzamt. you definitely need a good tax guy and you need capital too because you have to play vorsteuer. so in other words you pay taxes for money you havent even made yet. but once you establish yourself its pretty good, self employed people get a ton of tax benefits, its a bit of a loophole. I can write off so much shit every year, my home office, my car, business travels, everything I buy for work/office, all electronics, software etc. its not too bad but hard to establish yourself. they want tomake sure theres plenty of cheap labor for the big corpos so they make it hard to escape wagiedom

>>51635909
>krauts always get a panic attack when they hear that.
Other fun things with this result to Germany are stuff like foreign gun-laws
(over the counter shotguns and bolt-actions in Austria if you're 18, legal full-auto collectors in Switzerland and CZ etc.)
or the ability to home-school in most neighboring countries (Germany sends the police if your kid is not in school), it got so messed up in recent years it's even seen as odd to not send a 2 year old to daycare.

>>51632490
anyone here think a new petrodollar will form as USD gets too powerful?

>>51635971
What's the attraction of expensive watches now that the Chinese can make cheap fakes so good that it requires a rolex expert with specialised tools to tell the difference between the real and fake?

>>51632073
My retirement fund is in stocks with a lot of USD noted stocks, so no.

>>51636284
it means i as a rich wealthy person have authority to talk about money, you a poverty ridden faggot, do not

>>51636464
there's always uncanny valley with fakes, it's like almost passing trannies

>>51636427
Thank you for your answer. I am self employed and after my Familienversicherung ran out the insurance company put me in their insurance program automatically. I then wrote them a letter saying I want to cancel it because I was going to get an insurance elsewhere (I didn't plan to) and they responded they would only let me cancel if I could show them proof of being insured otherwise. Which I wasn't. lol

>>51636427
>self employed people get a ton of tax benefits, its a bit of a loophole. I can write off so much shit every year, my home office, my car, business travels, everything I buy for work/office, all electronics, software etc. its not too bad but hard to establish yourself. they want tomake sure theres plenty of cheap labor for the big corpos so they make it hard to escape wagiedom
Waring:
prepare proof you actually used the stuff you write off for work, it's not enough that you did so, prepare proof. (if the commie at the tax-office doesn't like you = guilty of having to pay taxes until proven innocent, = if innocence isn't proven = tax-fraud and therfor criminal charge for paying your taxes correctly but not proving it.)
Also, if you have a vehicle used for business and not already on 1% (or 0.5% 0.25% Electric) taxation look into the exact way the travel-log has to be done for the tax-office, very important for used cars as 1% of new value taxed can amount to more than car-value in taxes! ... following the law is not sufficient, the local interpretation of the law is! (e.g. only electronic automatic log accepted in spite of the law stating otherwise)

>>51636565
>android image
no need to tell us you are a poorfag. enjoy your third world shithole

>>51636572
thats interesting and also a bit odd
its really none of their business whether you are insured or not, is it?
all I Know is there are plenty of self employed fags without healht insurance so its odd that your insurer is refusing to let you get out of the contract like that. like what if you simply cant pay? then again were talking about germany here so I guess everything is possible.

>>51636593
yes you have to do everything by the book. I collect every receipt, I never cheat on my writeoffs and I run everything by my tax lawyer. I still get harrassed by the finanzamt they just audited me over some complete bullshit and it cost me 600 euros in lawyer fees to get them off my back. another time I had to write them a map of my house because they didnt belive I have a home office lol. its ridiculous but thats how things are done here. all my shit is by the book, I pay everything on time down to the last cent. you dont want to fuck with these people they will ruin your life without thinking twice about it if you fuck up.

>>51636459
It will be CBDC newfag

>>51636236
And thats supposed to be easier in the us because... you earn more? Lol lmao by that logic half of the us must be retiring early as yall make 100k right?

>>51636632
If you don't have enough money to pay for the insurance you're supposed to register for welfare, but if you're registered for welfare you can't have a job

>>51636427
>I had to leave the country and spend 3 years building up my business.
Forgot to mention be aware of the Reichsfluchtsteuer in case you go back abroad,
German business has to be closed down and new business not related to it created abroad.
If the company visibly leaves the country
7-13 or sth, usually the higher end x yearly revenue = company value.
Company fleeing the country is considered a sale, therfor taxable.
This means €100k income = 1200k value = 600k taxes on Reichsflucht.
If it can't be payed jail.

>>51636716
well heres the thing, I was dead broke when I left so that wasnt an issue
but I came back after three years with no residency in Germany.
And guess what the finanzamt said?
they were like "well congratulations mr. Anon for your business, it turns out you were dealin with German clients though so you owe us three years of backtaxes".
these fuckers almost bankrupted me because I simply didnt know any better.
so even leaving the country and cutting all ties wasnt enough
make no mistake they will fuck you every inch along the way if you try to build up a little business on your own. but once you got it off teh ground its actually pretty ok, you get a lot of perks. but yeah this country is completely fucked and I honestly wouldnt advise anyone to build a business here, Im just a bit insane and a masochist I was hellbent on not getting a job at any cost. and it paid off I make pretty decent money now sitting around in my underwear at home. Im still planning to leave this country though as things are just getting out of hand with how bad theyre fucking the population here.

>>51636773
Didn't you have a Steuerzertifikat from the other country you spent 3 years in to prove tax residency there?

>>51632395
>>51632659
this

dear EUR, please go back to parity once more. I'll convert everything I have to USD, I swear

>>51636800
Probably "Lebensmittelpunkt" as long as you visit your parents and have German clients you're seen as having a German "center" of residency even if you're not in the country.
German tax-law isn't about fairness or logic, it's about fucking you every way possible, remember the tax-office never changed, it's the same that confiscated stuff in the 30s in the west (local office history usually reads sth. like "funded under the Kaiser, nothing happened whatsoever, new solar-panels on the roof!") and the literal commies of the DDR in the east.

>>51636800
>Didn't you have a Steuerzertifikat from the other country you spent 3 years in to prove tax residency there?
no I did not I never paid any taxes anywhere for that. I was under the assumption that if I cut ties with germany it would be fine. which wouldve been true except for the fact that I had been working with german clients so they still wanted their cut. they even told me had I worked with clients outside of germany it wouldve been fine. since then I run everything by an experienced tax lawyer, the laws are just too complicated and theres too many ways to screw up.

>>51636947
>I run everything by an experienced tax lawyer,
If you only have one that's still a possible risk, ... it's actually too complicated for one to be sure not to fuck up.
Like with doctors german tax-law is a strange disease, you might occasionally need a 2nd and possibly 3rd opinion to be sure not to apply the wrong treatment.
But this also depends on if the spreader considers you a sufficiently valuable and vulnerable target.

>>51637036
the guy I use does taxes for celebrities and soccer players in my city, hes fairly high level. when I tried to dissolve this complete mess and pay my taxes I went to some boomer tax attorneys that flat out refused to take me on as a client because they thought I was running a scam. they couldnt even understand the problem I had created. the guy Im using now just laughed and said its no big deal. he told me he had some soccer players as clients that made millions every year and flat out just didnt pay any taxes LOL and he still got their situations resolved. at the end of the day the government wants your money so if you pay them they more or less leave you alone.

I have a defined benefits pension. Lol.

>>51632073
i don't pay social security cause i don't like to participate in ponzi schemes
my retirement account is a BTC private key
>>51632094
of which currency? lmao

>>51632703
Its literally mandatory to work for two months in Austria to finish engineering school (type of high school)

>>51632462
Democrats are working hard to change this. Retarded normies and the spics will ensure they retain power and implement their plan. Private retirement will be a thing of the past in our lifetimes.

>>51635199
It’s worse though right? They already ran out of current worker,a money, so they have to borrow more, adding interest costs to the current worker’s burden.

>>51636682
>And thats supposed to be easier in the us because... you earn more?
well...yeah

>>51635921
He has a serious mental illness; don't tease the poor anon

>>51636402
Yeah you just let them die on the street.

>>51636665
I would say we should invade Germany again, but clearly we fucked it up too bad the first time.

>>51637075
Kek

I just love paying 470 euros a month into our pension system. What's that you don't trust the gouvernement?what are you a nazi? It worked for my grandparents of course I'll get a pension. You want to invest that money into stock market instead? Anon don't be ridiculous, that's risky! You'll loose all your money. Nonsense that won't turn into roughly 400k in 30 years anon
Welcome to the Islamic Republic of Germanistan, every risk is insane and if you make something of yourself you just got lucky

>>51640257
The sad thing is that the Oera Linda Book records the same German Behavior 3500 years ago lol

>>51632703
Absolutely based. I wish my parents were not retarded to stop me from doing this even when I wanted to. Thanks to their retardation I was out of jobs until I turned 27, and it was a complete hellride until it. Regardless to say I am behind my peers as they have years of experience.

>>51640343
What happened between 18 and 27?

>>51640361
Bachelor + Master's and gap years filled with depression. When you waste many years on supposed to be useful degrees, you can't make yourself work in McDonalds (even if you do they might not hire you for being overqualified). If you are a teenager you would learn discipline, work environment and get the pleasure of earning money. And it wouldn't bother you working for a fast food chain. There is a time for everything, and boomers killed it by replacing teenage labor with immigrants.

>>51635938
>millions
billions

>>51640416
I did the same thing but I did get a few jobs here and there. The university system is probably the worst prank Jews ever pulled; worse than baby cannibalism even.

>>51639740
I was doubting you actually do, just because you have a big paycheck doesnt mean you can save enough to retire early, while FIRE is a thing i dont see or hear loafs of fagman wagies retiring early even though they have 300k paychecks

>>51640699
They do it quietly, anon.

>>51640200
It's a native thing.

>>51640935
What do the captions say? :)

>>51636565
Filtered

>>51640964
Title "Colonial powers"
This is how Germans colonialize
... English ..
French .. and Belgians

>>51641004
I like the French and Belgian ones

>>51640935
Stupid German propaganda, Belgians never cannibalized the natives.
Altough the French did fuck them though

>>51632073
In Sweden:
There has never been sold as much physical gold as now. Should tell you something about what people are expecting to happen shortly

>>51632073
i don't rely on state for savings

>>51632073

i got nearly 70% in US Stocks and only about 20% in Eurocuckistan