/biz/ - Business & Finance

>>51633330
Pound went from.2:1 dollar to now almost 1:1 over the last 12 years

>>51633330
i am not buying your dog coin fuck off

>>51633330
>3day

Literally zoom out your fucking alarmist. MODS can we fucking ban him please.

>>51633408
lol

>>51633426
haha

Looks like a shit coin.

America is going to collapse, half the people you know who are employed will lose their jobs by the end of the year.

>Entire economy reliant on financial sector rather than manufacturing

Yeah you're in for some serious shit

>>51633462
i am sad

>>51633446
so the dollar is just deflating right?

Why is it deflating?

>>51633483
thats the crazy thing, its not. Every other currency is imploding exponentially faster than the also imploding dollar

>>51633483
basically the entire global financial system is undergoing a gigantic dollar-denominated margin call. entire countries are being liquidated and squeezing the dollar up in a godcandle. after they have lost everything, then usd will crash

>>
If you don't trade, you don't understand.
= The displayed rate is the lowest rate offered.
= What it doesn't say is the amount of USD you can buy at that rate
= therefore, someone could be spamming very low offers, without there being any realistic volume available

Someone. Like someone whose entire economy is being dropped like Snoop Doggs 2004 single, "Drop it Like it's Hot". Someone. Not gone say who, but you may know then realy really wel

>>51633546
I just wanted to play video games

>>51633330
Econlet here. What's even happening to cause this? Modern currency valuing is too complicated, too many things, can we just go back to cottage system and manufacturing?

>>51633575
the most simple way to go about it is
>Fed hikes rates aggressively
>Bank of England does not
and the cherry on top
>Tax cut of an extent not seen since the 80s in the UK

>>51633426
You realize the zoom out meme applies to shitcoins? This is extremely volitile for a top 5 fiat currency.

>>51633570
Yeah, someone is spoofing the entire Forex market. Do you understand how much money that would take?

>>51633575
core inflation was 0.1% bigger than expected and gas was $5... mcchicken pushing $2.50 it simply had to be done there was no other choice

>>51633669
>Do you understand how much money that would take?
fuck you money

>>51633426
zoomed out it looks even worse

>>51633462
But that's every western nation

>>51633432
What happened in 84?

>>51633879
Volcker, and plazza accord, in that order

>>51633871
sort of, some are more self-sufficient than others. but they're all so interconnected that once one fails the rest get dragged down in the implosion. now it's a question of being the last ones standing financially

I'm not buying your ponzi scheme shitcoin.

Fuck off.

>>51633588
> take on loads of debt to get through the energy crisis
> reduce taxes so that they're less capable of paying off that debt
Brilliant.

>>51633888

Dubs and trips of truth, this will happen again very soon

>>51633330
Britbongs and Yuros will officially be playing soccer from now on lol
LMAO even

>>51633546
why does need uk buy dollars and why their currency is devaluating?

This board is completely illiterate children these days

The reason the pound is dropping is their new government announced a moronic supply side budget (increased borrowing, tax cuts for the rich)

>>51634075
>take loans in usd
>fed jacks up rates
>your country says no and cuts taxes instead
>your currency is now worth less because it's inflating faster than the loan you took out
>repeat for most countries but especially Britain
>???????
>The DXY hits 120 this weekend
BTW the last time this happened was the Dot com bubble. Enjoy

>>51634075

because governments decided to use a debt based system, and they can never, ever repay the debt, and it has come home to roost. The elite did this to squeeze wealth from the 99%, into their coffers. The entire western monetary system is a lie meant to swindle those who aren't in the club....that means you, and me.

>>51634059
qrd?

>>51633901
uk can't fail

>>51634096
>the last time this happened was the Dot com bubble
shouldn't stocks going up mean dollar goes down?

>>51633879
George soros almost killed the pound with gigantic leveraged fx trades.
Im not even kidding, that really happened.

>>51634786
stocks are going down in case you havent realized
Also dollar is mostly concerned with how other countries are doing right now anyways

>>51633330
Behold... the power of Reaganomics. Is there anything economic conservatives can't fuck up at this point?

Let this be a reminder to all Britbongs that they had better get their wealth into BTC ASAP, and that goes double for those of you in developing countries. Ask an Argentinian.

>>51633330
oh no my 5 centareenos

>>51634869
>the UK government has to pay 5% more to cover its interest rate payments on debt
>15% if you account the entire week
>25% if you account year to date
that's what this really means

>>51633588
Tax cut while also promising spending increases. Don't leave that out. Also, sanctions mean tons of money chasing few energy sources (nearly all imported)

>>51634881
or they could just you know make line go down just in time for a CBDC to roll out and save the day

>>51633653
His cryptomind is fried from the volatility. For this to happen to a well off national currency is pretty crazy.

>>51633521
>Every other currency is imploding exponentially faster than the also imploding reserve currency
FTFY

Sad to see her resign so soon :(

>>51634997
Won't QE Infinity lead to hyperinflation?

Everyone denying this is true is a spastic

https://www.zerohedge.com/markets/pound-flash-crashes-500-pips-record-low-amid-global-fx-carnage

>>51635032
oops

>>51633330
FIRE SALE ON CHIPPEHS

>>51634997
>to stave off deflationary collapse
I have begun to wonder if they even care about stopping it

>>51634997
what is this from?

>>51635166
Peruvian_bull series on hyperinflation, you can find on Reddit/Twitter

>>51633330
did anybody short forex?
i am feeling retarded right now for not

>>51635850
https://gains.trade/decentralized-trading#GBP-USD

>>51634813
That was in the early 90s

I AM IN LOCO PARENTIS
I AM THE LAST REMAINING CONTESTENT ON THE APPRENTICE
I AM THE HOME TRAINED DENTIST
AH YA AYAYAYAYAYAYAI

>>51633330
lmao

>>51633888
>Volcker, and plazza accord
checked and give a TL;DR pls

>>51633546
tell me why i shouldn't go 100x long on the USD

britsharts are getting rugged

>>51633426
lol>>51633408
kek

>>51633446
This is the educated take. Analysing the developments in world currency, more specifically first world economies seem to indicate that large sums of money is being moved or being prepared to move via long term proposals and integrated systems into other western nations.

>>51633432
loooks like chainlink

>>51633432
Looks like an inverted cup, let's wait and see if the handle forms soon.

fuck the queen

There's an old saying: When the Pund falls, the world falls

bong mommy save us

>>51633330
It's over, Euro and Pound depegged. sell now before it does drops to 80 cents.

>>51633879
Literal 1984

>>51633521
>>51633483
>>51633446
America is doing just fine, hence everyone keeps buying our USD. Nothing will cause the US to collapse because we actually have a robust economy in different industrial sectors. The rest of the world will collapse.

>>51633330
nearly erased (but not friday's)

>>51638141
>Sell stuff worldwide
>It doesn't matter if the rest of the world goes bankrupt

At least the country is culturally diverse, chuds.

>>51638265
It doesnt really. The Us domestic market is strong enough for nearly every company out there. Yeah earnings will fall by virtue of less sales overseas. But the US is self funding itself. Including the treasuries/ gov debt side.

>>51633330
NIGEL ARE YOU OK?

>>51638201
Yes and someone else posted something similar but I would like to point out something
This didn't happen because "lol oops we oversold", this happened because the markets are expecting a total of 175BP hike by November from the BoE
Should this not happen, it's instantly dropping below parity

>>51638292
and when those companies make less because they export also they lay people off which means they wont spend?

>>51634998
She looks like the ancient britbong/romans memes drawings

>>51638292
Are you honestly retarded?

>>51633432
Grim, innit?

That's because the gov can't cut spending until the actual budget is debated. The mini budget only allows them to announce changes to taxation. When the full budget comes up the tories will bring the sledgehammer to the civil service. We will be seeing entire departments being extinguished and there are reports more drugs will be made available without prescription + boomers will be kicked out of hospital beds and sent to care homes where some recently imported Nigerian will care for them at a fraction of the cost of a trained NHS nurse. Farmers will no longer get subsidies if they aren't growing anything, this will free up a massive amount of land for housing and industry. And because we are so close to the next general election the backbenchers will have no choice but to fall in line and hope the plan works as another leadership contest or early poll would be a catastrophe.

Thatcherism is back. Those who bet against the pound in the early 80s were filled with regret by the end of the decade.

>>51638292
> Us domestic market is strong
Kek

>>51640638
Please be true

>>51633330
looks like the pound is getting.. POUNDED

>>51640638
Also, where can I read more about this?

Having had to work with (not for) the CS and witnessing the absolute waste of money it was, seeing it sledgehammered would be magical

>>51634087
yea its what the news say, fucking npc lmao

>>51633432
Thatcherism will work this time, give it a chance.

>>51638141
Until a white guy shoots a black guy and starts another civil war.

>>51633330
you are like little baby
check try/usd

>>51644726
You must understand how these are not equivalent. Otherwise I might as well check ARSUSD

>>51633853
Meds.

>>51635299
You are a lying nigger, its a 1:1 copy of a section in „The Bitcoin Standard“ by Saifedean Ammous

>>51634863
By economic conservative did you mean Jewish corporate fascist? I mean let’s not use the varnish language here, cnn might get mad at us for doing their thing

>>51633330
Whats this shitcoin? I can't find it on coinbase.

>>51637853
>old saying
Yeah wonder why. From times when the pound was the world reserve currency you brainlet.

How can Americans profit from the strong dollar? What kind of things can we buy cheaply?

>>51633330
>oh boy
When you wake up and look in the mirror only to see Kwazi Kwarteng

https://youtu.be/DjK9GJMBpt0

>>51633374
Chaos with Ed Miliband tho...

>>51633575
BLACKED starring Kwazi and Liz

>>51645566
US doesn't benefit from a strong dollar

>>51645566
What about buying products from foreign websites who haven't been able to update their prices in time? Bespoke products perhaps?

>>51633330
oh boy, should never have bought those british shitcoins

>>51633546
europe is being liquidated and their assets sold for cheap to the US, plus this winter we will have Operation Paperclip 2.0 and any productive person in Europe will be absorbed by the US

>>51633330
>>51633374
DIOES MIOS YUROPOORIOS

>>51645724
does the US have any export anymore except for dollars?

>>51633432
buy the dip?

>>51645922
of course
https://tradingeconomics.com/united-states/balance-of-trade

>>51640638
Except that the conservatives are out as soon as the public can get their hands on them, and all these policies will be ripped up. So it's a lot of damage for absolutely nothing.

>>51633330
THE ECONOMIC COLLAPSE IS JUST TRANSITORY, PLEASE STAY CALM AND KEEP BUYING

>>51646151
Labour will never win another election after devolution lmao.

>"who must go?"
Ameribros how do i invest in Russia, i want to see them win this thing just for the lulz

>>51633330
What shitcoin Is this?

>>51646421
I don't think the tories have a chance next election, and I'm pretty sure they know it

>>51645086
>did you mean Jewish corporate fascist?

>>51634813
It didn't happen because Soros placed that bet. He placed that bet because he knew that the Bank of England was cornered and that the GBP was going to take a dump

>>51647094
russians are making an absolute killing on their gas and oil sales but its largely state owned so the profits go to the kremlin.

>>51633426
it looks like ten times worse if you zoom out lol what are you talking about

>>51638292
>The Us domestic market is strong

>>51633432
it's a double bottom

>>51638141
>hence everyone keeps buying our USD
but its too expensive, we will trade elsewhere and get better value, thanks but no thanks, you priced yourselves out of the market.

Laughing in Saudi Riyals (which is fixed to the US dollar) while soaked in oil.
The west won't buy Russian oil, but Saudi Arabia is buying Russian oil for cheap while selling Saudi oil for high, that's why everyone is sucking our dicks at the moment, including the US.

>>51633570
>The displayed rate is the lowest rate offered.
No, it's the mark price between the closest bid and ask. If someone spams over- or under-valued offers, the market makers fill them immediately and pocket the difference. Forex pairs don't work like shitcoins - forex has the deepest liquidity of any market. What you're proposing would require nation-state-level resources and would be noticed immediately.

>>51648286
That is very true, still his bet fucked the pound. Thanks for correcting me

>>51648750
This. I doubt it‘d even be possible because you would have to make market makers / the central counterparty go bust (which in no way would ever go unnoticed)

Is this why the Union Jack fags are all so salty today?

>>51634087
wtf you are a fucking dimwit

>>51640638
>Thatcherism is back. Those who bet against the pound in the early 80s were filled with regret by the end of the decade.
Discovering oil in the North sea is the only thing that saved the Pound. This time they won't have such luck.

>>51634998
PORK MARKETS

>>51633432
I'd long if I were you.

>>51651262
im not touching the pound with a 10 foot pole, the bank of england could go either way and it's a pretty political situation too making it a huge shitshow

>>51648470
LOL the only ones making a killing are the Chinese traders getting Russian oil at a $35-$40 discount and reselling

do u have a loicense for dat dump?