/biz/ - Business & Finance

just buy more btc and nvda bro all good

>>57621727
To do something about it would be highly antisemitic, my friend, so we just keep going.

>>57621727
Ever wonder why the stock market is rallying like crazy? Now you know.

The fuck am I supposed to do about it? Take away their credit card?

>>57621727
They can just print more to pay the interest, bro

>>57621727
You’re right OP I’m switching all my investments to renminbi and rubles.

>>57622124
What ever happened to the BRICS countries proposing a new currency backed by gold, oil and possibly other commodities?

>>57622146
>What ever happened to the BRICS countries proposing a new currency backed by gold
That was a false rumour spread by goldbugs. BRICS countries were only proposing setting up a market to trade gold using their own fiat currency, rather than using USD.

Can somebody explain OPs graph like I'm literally retarded? Thanks

>>57621727
>1 trilly
That's not so bad right?

>>57622189
They're going to pool gold and other commodities together and peg a currency to it to trade between themselves. Not print paper brics notes for citizens to make purchases with. Despite what many Americans still seem to believe, most of the trade those nations do between each other is with their own currencies the past few years. There are serious trade imbalances now, and also some fears about the stability of some country's money (namely China).

A separate currency backed by assets and controlled by no individual nation solves those issues and of course eliminates what's still left of US influence. Had we been nicer overlords, the world would have happily gone on using USD as the standard, but that's not what happened.

Well probably be using digital fed bucks in a few years while the system crumbles. I don't think it will last though.

>>57622348
The us goverment spends money to fund itself. It gets that money from our taxes. They spend more then they take in, think a credit card for a family. The interest on that “credit card” is passing 1 trillion a year. That’s a lot of money, an insane amount. This causes inflation and eventually the entire system will crumble.

How long can this last? No country as strong as the US has ever been in this situation. Weaker smaller countries have and they crumbled.

If we are sticking with the family analogy I’d say it’s like comparing a fast food worker with 10k in credit card debt getting “bailed out” from their parents and then the US is the parents making 2 million a year with a loan hitting 500k a year just to cover the interest. That’s a lot of fucking money on just interest but we are still paying it. The problem is instead of fixing it we just don’t care.

The difference with the US is there is no bail out, it would be a global disaster.

People are talking about it, our politicians instead of doing anything to fix it hell about “the other side” while trying to spend a bit more to help out their own interests before the entire thing comes crashing down.

How long can it go on? Who knows man, some people live their entire life paycheck to paycheck and always make it work. One big accident and it might all fall down tho.

>>57622440
To me it seems illogical that BRICS - finally unshackled from the USD chains - would immediately set up a Special Drawing Rights type currency. I don't live in the sphere of influence of BRICS but I imagine these countries want more control of their currencies.

>>57622348
When you take a loan from bank you have to not only pay it back but also pay interest.

Same thing for the us government.

But us government keep borrowing and borrowing more and more.

Interest on their going up.

They now have to pay 1 trillion only for interest.

Will likely rise to 2 trillion soon.

Us government run out of monies.

Collapse, civil war and balkanization then happens.

>>57621727
This can't be happening, israel and ukraine need that money

>>57622581
>>57622601
But the government can print any amount of money they want, therefore I think they cannot default on their debt

>>57621727
Use log chart you absolute retard.
SPX is also retarded without log.

>>57622700
Yes busy printing more money means more inflation. Hence our current predicament. If they don’t stop inflation will continue. Like I said smaller weaker countries have gone through this. They get bailed out by someone else. No one the size of the US has had it happen

>>57622700
Then inflation continues to rise and makes the problem even worse. It’s a downward spiral and every move is a losing move>>57622700

>>57622440
There are very few commodities that can be used to back a currency. You can't use commodities that spoil or that are not totally fungible. So things like wheat or lumber are out. And it must be something all of the BRICS have or can get, so it can't be oil. So what commodity is totally fungible, never spoils, and all of the BRICS have some? Gold. Do with that information what you will.

>>57622756
>>57622793
The solution is to gaslight people into thinking inflation is not a problem

>>57622421
The 1 trillion in OP is the interest owed on treasuries annually. Your graph shows the balance sheet of the federal reserve (not treasury) and the treasuries number there is the value of those treasuries, not the interest owed on/paid by them.

>>57622756
>>57622793
Wouldn't that be actually good for everyone that doesn't hold their assets in IOU debt notes issued by the government?

Where the hell is my jpow trillion dollar coin pic when I need it

>>57622600
But they don't trust each other and for good reason. Just for example, India and South Africa can never agree on a fixed exchange rate between their two currencies as long as each has the power to print as much as they want.

There are only two choices if the BRICS want to form a trade block. They can jointly issue a new currency with central control over printing - like the Euro. But, like you say, they are not going to give up control to some foreign central authority. The only other choice is a joint currency backed by a commodity such that no member country can print more than it can redeem in the hard asset..

>>57622841
You go to the store and buy something, you go back next week and it’s twice as good. If it gets bad enough like it has in other countries, it’s good for no one.

Gold, bitcoin, other bullshit is supposed to protect you from this but from what I can tell is if it all did come crashing down so would literally everything else. This is what I mean by it’s never happened on the scale of a country like the US

>>57621727
Sensor ship mainly

>>57622668
kek who made this chart. The 1trillion we have to pay now will have doubled by 2026

>>57622884
You're the store and you sell something, you sell back next week and it's twice as good.
That means double the profit just for selling it a little bit later

>>57621727
Cool it with the antisemitic remarks. >>57622700
>they cannot default on their debt
An explicit default where they say "we're not going to pay" and an implicit default where they inflate the debt away
Are both defaults where they fail to pay back the actual purchasing power that was borrowed

>>57622868
Yes, and said currency would be used for international transfers, not locally. Countries aren't going to give up their currency because that's like giving up their sovereignty.

Before we allowed a private bank to start guaranteeing the amount of gold our paper could be exchanged for (that was the original stated reason for the federal reserve banks lol) the US government controlled the nations public assets and money. It's been 111 years since we gave up that aspect of our sovereignty, and now people who's names we don't even know consume our tax dollars, own our assets, stole our gold, and give us nothing in return except slips if paper that are worth less every day.

Not all nations are that stupid, even if the banks promise short term riches. A Brics currency doesn't replace any country's national currency, it simply keeps them from getting fucked while trading with each other or having to ship boatloads of physical gold back and forth. It's just a reserve currency without all the strings attached like the USD was.

>>57622700
Printing money to pay the debt is technically a type of default.
However the music only stops when tax income can't cover the interest on the debt, which is on the horizon.

>>57622756
Not true.... Roman Empire

>>57621727
Mr Keynes... I don't feel so good.

>>57621727
This is good for us who have money not in the dollar

>>57622700
This. It's easy

>>57625094
you are all such dumbfucks its crazy

look at you all acting as if you don't know what is coming in the next few months - and it's not just your wives turning lesbian on you honey badger is going to come out of the closet and leave all you cucks sucking his honey badger balls which are very large very delicious and very very honeyed and i swear to honey badger he will be leaving with all the bitches so you better make sure you buy a honey badger token (ticker $hoba) or you are going to stay virgin

>>57622581
>but we are still paying it

Yeah, you're printing paper out of thin air. You don't collect enough tax revenue to cover half of the shortfall.

Hang onto your Bitcoin folks.

>>57623597
The romans were not biz pilled

>>57622700
They pay interest on the money they print.
Did you think letting jews own your central bank was a good idea?

>>57622700
And look how well that worked for Weimar Germany

>>57621727
Because a sharp incline over 70 years means nothing. What does it look like in the last decade?

>>57625603
...an even sharper incline
>this anon can't read a graph

>>57621727
Because like the debt, gay numbers, nobody is paying that and it won't be the end of times in 2 weeks™.

>>57627278
That's not how graphs work you dumb faggot. When you have to scale for the past, the present looks more extreme than it actually is.

>>57629275
>doubled in last 4 years
>nothing to panic about though

>>57629293
Not to mention
>compounding

>>57623416
tax income has nothing to do with it and has long ago been dwarfed by interest payments, they pay it with more bonds
just look it up, your "serious" deadline was crossed long ago

>>57622080
Do you know how to permanently stop someone from spending? It makes them doing lots of other things as well.

>>57622146
creating a new currency and then being adapted takes alot of time fren

>>57621727
The people can easily pay the interest every year so the debt isn't a bib prblem. it's very low Apr also like less then 1%. Only a retars would want to be the debt off when Apr is so low.

>>57622146
The de-dollarization narrative was spread by the chinese propaganda machine

https://youtu.be/EWcJVRznD5E?si=BKRI_PAJvRBpKI91

>>57630055
you know you can look up the trade in dollerinoos between countries right? and that they are indeed not using dollars right? atleast put some effort into you're bullshit shilling

>>57625056
Even Keynes would be appalled at the current state of things.

>>57630570
Keynes would just spend even more on infraestructure and ban crypto/stocks/gold/silver. You vill hold all your svings in US dollars and you vill spend it all consooming to avoid inflation.

>>57622348
The government sells bonds and pays interest, it's a remnant of the gold standard days when it made sense. There's no reason to sell bonds to investors today besides handing out free $'s to the right people and lubing global financial system (no treasuries means foreign central banks would have to find something else to buy)

>>57623416
>Printing money to pay the debt is technically a type of default.
No it's not. A default is just not meeting the payment. No one buying bonds from the government is that stupid that they think things aren't rolled over or "printing money" is going to stop

>However the music only stops when tax income can't cover the interest on the debt, which is on the horizon.
Reagan lowered taxes when interest rates were jacked up in the 1980s and did deficit spending to fund the military lol

>>57622700
>But the government can print any amount of money they want, therefore I think they cannot default on their debt
Congrats you're smarter than 99% of people for realizing that. Anyone claiming the government meeting interest payments at any level "isn't sustainable" are obviously wrong. The government can also set the rate of interest on those bonds, if Trump wants to lower interest payments he can just fire jerome powell

>>57629275
>when you remove the historical context it doesnt look so bad now!

>>57622094
>>57621727

as another anon said, we are now in the "looting the treasury" phase of imperial collapse.

>>57622189
>proposing
https://ctmfile.com/story/china-uses-digital-currency-for-gold-cross-border-payment-industry-roundup-22-december
https://gulfnews.com/your-money/cryptocurrency/uae-initiates-first-ever-digital-dirham-payment-what-it-means-1.1706629783589

>>57632951
pride cometh before a fall you snide pedantic faggot. i look forward to masturbating using your tears as lube.

>>57623597
>>57625351
he's gone lol

>>57621727
It's been silenced to mask that the fed needs to pivot

>>57633307
I see. Good to know they have now settled trades with their currencies.

>>57633294
what happens next

>>57622600
how would trade between these nations work when everyone tries to control and manipulate their currency to their benefit

you think china would allow someone to run massive trade surpluses against them and acquire their financial assets? even if that were possible who in their right mind would want to own financial assets in a communist country without property rights?

people spinning these narratives do not understand the fundamentals of international trade, money or financial history

with that said gold is probably going to go up in value because the populations in china and russia would hold anything else but rubles and renminbi and gold is a reasonable alternative for them

>>57622729
Can you explain why? Pls educate me ser

>>57622080
Buy a farm

>>57622700
The federal reserve is not the government anon… the fed can print more money, and it too is on loan and subject to interest.

>>57621727
Because the markets continue to be in denial so people generally ignore it.

Eventually you'll reach an absolute breaking point. It's unclear where that is because borrowing costs should escalate as soon as people realize they're not getting paid or they're getting paid with a currency that's rapidly devaluating, and that'll spiral into making debt unsustainable.

I've heard around 200% of debt held by the public to gdp, which is maybe around 2035-2050.

In any event:
>Expect the dollar and multiple world currencies to collapse
>Expect a breakdown in social services because of either austerity or hyperinflation prevents checks from getting sent or public workers from getting enough
>Expect nogs to rage as their welfare payments erode or get cut, and there to be a lack of police to handle that
>Have a sufficient amount of assets in gold, crypto or even an index fund (markets usually withstand hyperinflation semi well)
>Acquire land, guns and run a small farm. Doesn't need to be wildly self-sufficient but you should be able to grow a small garden and have a few dozen chickens, pigs and a milk cow or two that are largely grass fed. In addition to well water and solar power. If money collapses or supply chains get fucked having fresh eggs is good for your family and also valuable to others. Being rural will naturally deter chimpers

>>57635209
lol, lmao.
study history.

>>57621727
People have been panicking about it for a decade, for a decade nothing happened and everyone decided that it's too embarrassing to bring up now

>>57621727
2 more weeks and something might occur, maybe.

>>57622803
Journalists are literally the enemy of the people writing blatant bullshit headlines like that. Fuck journalists.

>>57622868
the BRICS currency situation is really only about Russia and China. They will establish a trading pair valuation between themselves and the other members will go off of that. The "BRICS currency" will basically be pegged to the exchange rate of Rubles/Yuan. That said, westoids are more or less locked out. When our system crumbles most will rush into Bitcoin and Gold.

Debt? Debt to whom?

>>57629347
>pay it with more bonds
anon, do you even read?

>>57632951
You don't understand that someone has to buy those bonds and treasuries. The buyers are walking away.

>>57635968
>nothing happened
something very big happened in 2022 and the clock has been running since then.

>>57635209
The day of the noose. When it happened in Rome 80% of the "elites" were killed, when it happened in Athen, the "elites" were killed, when it happened in France, the "elite" was killed, when it happened in Romania, the "elite" was killed

>>57630801
Al least be remotely familiar with Keynes positions if you are going to meme about it. Keynes was against the US dollar as a reserve currency and recommended to ban or (similar idea to brics currency) post ww2 when the current system was being created. Le Keynesian economics gets thrown around far too much when talking about mmt

>>57625404
That was for paying debts to other countries (as a loser of ww1)
It's unironically different this time

>>57629275
>interest payments doubled from 500B to 1T in the span of 4 years
>not extreme
What world are you living in?

>>57637323
>It's unironically different this time
yes, weimar germany wasnt a country full of niggers

>>57636026
Mostly other countries, but also a lot of banks, pension funds, corporations and private investors.

If they were to go ‘lmao we just wont pay’ the entire financial system would unwind

>>57636057
What happend???

>>57622581
This is the best post /biz/ has seen in several years. Thanks for not being a retard, anon.

>>57637249
Yeah but they didn't have space weapons platforms with lasers and nukes those times

>>57640682
You sound like a bitch

>>57621727
it's not a problem if the value of your home goes up and mortgage is devalued isn't it ?

I too keep looking for some resemblance of
morality and justice but I very rarely find it and it's usually in the areas of little importance.

More interesting is how professionals never in media never link money printing to inflation. There is always some other reason supply chain, energy prices... I'm not into conspiracy theories and those people are smart and seem to know what they are talking about so it's not simple to ignore them not even technically but morally. Their like economy chads and you simply don't have the skill to oppose them.

>>57621784
When you add these together it feels like i am investing in the death of the west. I'm all in.

>>57639022
no hes full of shit
the us government is already broke
hes talking as if they have a surplus, they dont, they are deep in the red

>>57630801
Bitcoin is keynes bancor.

>>57622146
100% of world governements are run by keynesian freaks who want to be able to print money infinitely instead of being fiscally responsible, having to plan a balanced budget and actually being accountable for your spending. The only ones who can actually afford it is Russia but they are already isolated enough and Putin is a soviet boomer so he won't understand anything about money.

You can forget gold being organized by anyone else than the grassroots when the USD is worth 0. And it will still take a while because everybody looooves fiat, debt, trannies, jews, mexicans, niggers and hates actually working, delivering value and living in a high trust white society.

>>57637304
Keynes was an homosexual retard who was saying one thing and his contrary constantly. It was making a living off telling the most complicated non-sense as possible, so people would thing he was very smart. The original academic grifter.

Something sticked, though, and that is the government can spend infinite money and print this money to keep us all rats running in the wheel.

>>57640933
Money printing is by Definition Inflation and they are ful of shit.

>>57621727

Because the yields want to go lower.

>>57621727
one trillion with a tea

Reading these replies is fucking hilarious. Watching two retards argue when they're both wrong is peak 4chan and ironically represents 99% of normies.

You have all become what you hate.