/biz/ - Business & Finance

>PE ratios
>Deviation from historical averages for interest
>Record government and public debt
>Debt bond stock by back shell companies like IBM etc
>Stagflation
>Unsustainable personal debt (auto load, 'student' loan etc)
>Unsustainable public debt
>Bond market instability
>Worthless web 2.0 shell companies like FB and fraud companies like Apple, twitter, Amazon, google, that produce no innovation and are essentially drifting marketing hulks that do nothing that contributes to GDP or productivity
>No rise in productivity
>>7547527

Hypothetically, what would be the most stable country in the event of a massive US (and arguably world by extension) economic crisis? Would cryptocurrencies still have value?

It's obviously going to be a hyperinflationary collapse.
The fed is going to keep printing money regardless.

So don't worry, cryptos are safe.

read this to understand the absolute state of the australian economy

https://medium.com/@matt_11659/matt-barrie-australias-economy-is-a-house-of-cards-6877adb3fb2f

See the correlation between interest rates and recessions. We didn't raise rates for years and are starting late. Not good. There's not much leeway to decrease them further unless you go negative.

>>7553484
Sure about that? They must be aware that if they keep printing now there's gonna be a severe case of hyperinflation when things stabilize and everybody has 1M worth of loan money. The faith in the entire fiat economy would be lost.

>yfw the upcoming economic happening threads will be legendary after the fact
It's like /pol/ and Trump.

>>7553546
Holy shit it gets worse the further I read it and it's tens of screens long.

Regardless of whether it's gonna be hyperinflation or asset bubbles crashing it's gonna be ugly. But I seriously hope they don't go with hyperinflation because death of fiat would destroy our entire world economy. It'd be an absolute shitshow of riots and collapse of society.

>>7553483
id guess new zealand or norway.

>growth pushed by low interest rate
>no glass-steagall and little to no regulation
>heavy speculation
>purchase power lag behind productivity and investment
guess the year?
>2018?
nah 1928
>mfw

>>7553834
Norway works on oil though. Which might be good or bad.

>>7553854

>>7553855
its not going to matter what economy runs off of what. once the global economy falls(re: usd) everyone will be on equal footing. I made my choice based on population, isolation, and natural resources.

Buy gold before its too late, I'm going to buy about 150 ounces next week, stock up whilst you still have chance

>>7553483
switzerland? at least i imagine they won't resort to violent means and the government will be competent enough to handle a crisis

>>7553956
Good point. Both countries run their own currencies as well.

>>7553988
Too bad gold is in a bubble as well. You'd be better off buying some other scarce metal that has industrial use and isn't bought by many speculators.

>>7553988
Actually, if you're expecting the unlikely hyperinflation you might be better off buying crypto. If USD becomes worthless people might actually use cryptos as currency for real. More attainable and usable than gold

>>7554004
>gold is in a bubble

>>7553546
Sydney here. Yeah nah, we're proper fucked, that's for sure, and I've been telling people for ages.

>"Oh, no, our housing market isn't in a bubble"
Oh yeah? Go speak to a few real estate agents and then they'll tell you how fucked it is trying to get young people to buy homes, and how it's only boomers moving money around and foreigners buying up property. If the government wants to prop up this housing market, they're going to have to up the number of foreigners coming in, which will result in the collapse of infrastructure.

The average person in this country gets paid 40-55k per year. Now combine that with taxes and the standard of living and trying to pay off a house in Sydney which comes close to $700,000-900,000 just for a shitty house. Tell me, how are you going to do it if your partner is only earning between 80,000-100k a year? Including all the taxes, kids and so on?

Anyone who denies Sydney is in a bubble is either part of the media, a boomer or a deluded real estate agent who wants his career to keep going.

>>7554059
Its price far exceeds its intrinsic value of industrial use. Nobody cares about the speculative value or its use in bling if a depression hits. And not for many many years after, either.

Meanwhile some other industrial metal would also drop during a depression but would be guaranteed to recover fully as soon as production gets back on track.

>>7554059
Longest bubble in history.

>>7554074
If you and your partner are only earning between 80k-100k a year together*

>>7554074
Is it true that Australians are big into crypto because of your situation?

>>7554079
Golds value is derived from its monetary history not from industrial uses. Gold will also return to a monetary role in the future as well.

>>7554114
Why would it do that when it's terrible as currency? If you wanna act against hyperinflation buy something that has intrinsic value and is not in a bubble, not gold.

If you're trying to anticipate the next currency, it will be crypto if anything. And even that's highly unlikely

>>7554129
>it's terrible as currency?
your going to have to explain these crazy claims your making

>>7554101
Hmm, not too sure, I know the Normans are starting to speak about it a lot almost daily now, I hear the conversations at my gym at least 3 times a week. Other mates are saying that people at work are starting to talk about it a lot almost daily now.

>>7554140
>not easily divisible
>doesn't work over the internet, you know that thing kids these days use a lot
>inconvenient to transport
>not owned by most people and hard to come by, thus not a realistic vehicle of transaction

>>7554074
Australia’s different, mate. Property always goes up, mate. Just gotta get your foot on the property ladder, mate.

I fucking hate Australia sometimes. There are way too many Australians whose main aspiration in life is to buy fucking houses and then flip them to the next sucker.

>>7554156
Okay, so the same deal as everywhere else. I remember some kangaroo in an earlier thread claiming some people were buying crypto as hedge against the economy there.

>>7554180
you might actually be a brainlet, please get checked. Your not going to be physically trading the gold, in the future, it will likely be a gold backed crypto

>>7554209
Then why introduce gold into the situation at all? You can just trade any crypto that's limited cap.

>>7553483
Mainland China
Japan
Switzerland
Luxembourg

New Zealand and more remote locates like the Virgin/Turks/Caicos Islands might be comfy tho

>>7554194
>Just gotta get your foot on the property ladder, mate.
Pic related kek

>There are way too many Australians whose main aspiration in life is to buy fucking houses
I also share your anger.

>>7554196
Wouldn't surprise me to be honest, people will try and turn to any opportunity to make money these days.

>>7554224
blockchain will be a revolutionary technology, but the current cryptocurrencies will not exist in the next ten years. Gold on the other hand has been money for 6000 years until 1971. The attraction to Gold is human nature. Gold and cryptos really should go hand in hand in the monetary system, gold gives real value and blockchain gives real trust (ie no fraction reserve theft)

>>7553414
Hint:
Cayman Islands

>>7554254
I hear China is in massive housing trouble already. And Swiss frank is inflated by them doing QE because everybody's been buying it. Not sure any single country is gonna be a safe bet, everybody's gonna feel the collateral. Maybe some of these will be better off than the rest still but realistically almost every country seems to have problems.

>>7554287
I don't know, if any of those cryptos happens to gain real traction as a currency it will achieve gold status too.

Still I'd prefer buying underground metals right now. That's gonna be a lot of work though

>>7553447
bond market will be prepped by smart money moving their QE gains to it under Trump, screencap

>>7554359
Bonds are a gray area for me and there's plenty of people warning about them. What if banks/govts get into trouble and just default on them?

>>7554359
bonds are fucked, china is letting their Ts roll over, The fed is supposidly going to be shrinking their balance sheet and will be selling their bonds and drumpf is increasing the deficit by the greatest amount in history outside of very brief periods in times of economic happenings resulting in the US borrowing 1.89 million dollars a second in 2018-19 - bonds are going through the floor.

>>7554254
>Japan
Unironically this. However, with the number of internal crises the country is approaching its immunity to a global crash won't matter much.

>>7554473
Isn't that gonna crash not just bonds but USD as well? Surely they can't be retarded enough to do that?

You boys might wanna start following /k/. When shit hits the fan bullets water and food become the new currency.

>>7554564
>Isn't that gonna crash not just bonds but USD as well?

The spending bill has already been passed, I am somewhat sceptical the fed will go along with their plan to raise rates and shrink their balance sheets as I'm sure they know the consequences but that too will be extreamly damaging to the dollar and confidence in the US - Both outcomes will be very good for gold.

>>7554622
Oh god.

If that kinda bill is passed that's the beginning of the end. Sure the fed understands that it can't win either way but it'd still be far less damaging to the economy to not flush the USD down the toilet altogether. Can we trust they'd stick with the right decision or are they really so dumb they'll think they can get away with it again by just conjuring up more money?

I'm expecting the EUR area to be fucked by association as well. Feels very comfy holding EURs right now.

>>7554622
>>7554622
Either way I'm thinking if that spending is gonna happen then the economy is possibly gonna be ruined no matter what the fed does. Seems like a good time to bail into deflationary assets, no matter what they are as long as they're deflationary

>>7553414
How can I profit from
>the upcoming economic happening
? Asking for a friend

>>7554759
Depending on the level of happening
mild?
>hold cash
cataclysmic?
>stock up on guns, food, heroine and metals

>>7554700
>Can we trust they'd stick with the right decision
the right decision would have been to never start qe in the first place. There is going to be no clean way out of this mess, due to my understanding of human nature I believe it more likely they will try and kick the can down the road for as long as they can, rate hikes will be called off in order to keep the government debt manageable and the house and stock bubbles inflated. The US gov. can't even keep up with the interest on the debt with interest rates being at this historic low, a rise in interest will be catastrophic for them. Trump has also taken ownership of the stock market qe bubble, with his new fed chair in position I'm sure he will be begging for him to 'do the political' to coin his own phrase. Hyperinflation seems the most likely outcome to me based upon this speculation, in dollar terms the stock market will likely continue to rally, but in real terms it will go through the floor with the dollar

>>7554825
>the right decision would have been to never start qe in the first place
Yeah lol, kind of late for that now. I agree they should have dealt with the depression in a free market and not bailed out with QE and more debt. Seriously what the fuck is wrong with just using a deflationary currency?

>due to my understanding of human nature I believe it more likely they will try and kick the can down the road for as long as they can
>rate hikes will be called off in order to keep the government debt manageable and the house and stock bubbles inflated
Fuck, I'm starting to think you might turn out to be absolutely right.

>but in real terms it will go through the floor with the dollar
That's literally what will happen, if stocks start rallying tomorrow and the plunge protection team sends them to new highs we'll be in absolutely fucking massive trouble in the near future. Will be buying scarce assets if there's no confirmation of the fed and the reality star coming to their senses.

>>7554287

>what is mining
>how does a blockchain work

>>7554825
>a rise in interest will be catastrophic for them
And yeah, this is what I was referring to as the rigth decision. Just suck it up, they knew it was gonna happen. No reason to make it even worse so that it wipes out the entire economy in one fell swoop when it gets delayed again

>>7554934
because inflation save the gov literally billions of dollars.
everyone aim for a 2% inflation since its distortionary effects are low and while saving a fuckton on the debt side

>>7554996
The economy was already one swoop away from total collapse in 2008.
One bank run and it would've been all over with blood in the streets and burning cities.

>>7554934
I made you a meme anon

>>7555061
consider the following; if everyone went to get their money out of the bank at the same time, for every $1000 you have you would get 6 cents

Soon:
- pillaging of supermarkets and pharmacies
- no more gasoline

Be trapped in your basement defending your stack of food and occasionally go out and shoot a cat for the bbq.

Great times, if i wasnt living in a muslim nigger society once called Holland.

>>7555037
another meme i made

>>7555037
It's just an additional tax, one that's getting hard to protect oneself from. Absolutely rigged.

>>7555061
Yeah, this time it can happen. The economy hasn't improved much at all apart from stocks gaining "value".

>>7555062
Fucking accurate. We're the ones laying at both tracks

>>7553414

what happening anon?

oh you mean flippening

>>7555095
The first quote is still legendary m8

>>7555103
Funnily enough I have a small hedge in crypto and it's all in XLM

btw, I'm thinking stocks might be a hedge as well? If QE keeps happening and stocks pump like crazy, they'll retain their value much better than USD. Holding some stocks as well in anticipation of that might not be a poor idea.

>>7555175
or maybe I'm just being retarded now. If USD collapses then stocks surely won't retain their appreciation eventually like precious metals would

>>7555100
Get off the tracks whilst you can

>>7555191
Just buy foreign stocks or bet against dollar on forex.

>>7555138
>The first quote is still legendary m8
Funny thing is Greenspan is starting to sound all doom and gloom now as well
>>7555175
>If QE keeps happening and stocks pump like crazy, they'll retain their value much better than USD
yes but theres more risk to it

Already bailed my RRSP into cash lol
/r/investing screaming HODL as always

>>7555207
>>7555219
>>7555234
Made a concrete survival draft here

First buy any physical commodities necessary for survival for at least a couple of months. Make sure you can defend your ownership if shit really hits the fan

Remaining wealth
- cash 30%
- reasonably valued stocks 15% - 20% (avoid things like Google and Faceberg)
- crypto 5%, maybe even more
- the rest into metals such as copper and gold, anything you can come by. maybe something like lithium might be a fun experiment?

I'm not sure about a time frame, but what I've gathered from people I've spoken to and also from this forum is that the next major economic crisis is likely to be a global one from which there is no escape. Sounds pretty terrifying honestly.

>>7555100
>>7555095
but, i mean, that's literally econ 101

>>7555334
Then why does nobody seem to understand it? There are millions of people cheering for inflation even when it's responsible for most of the things that are wrong with our economy

>>7553484
This. Time to see if all our meme magic works - get the fiat out of your hands asap. Ride it out. You can get debit cards etc hooked up to cryptos - use that instead of banks.

>>7555207
You truly are the most based trip. We're all gonna make it brahs

>>7555334
because normies don't even understand what the federal reserve is

>>7555430
Fuckin checked and confirmed. Trip city here in this thread. Lotta truth.

>>7555430
>>7555458
Thanks for feeding my ego anons, were all gonna make it

>>7555510

>economic crash.
>not having a job that is vital to legal/public services such as police.

To think if the world goes tits up, i'll probably get a pay rise.

>>7555555
YOU WASTED THOSE FUCKING DIGITS ON SOME HOMO MEME

>>7555583
oops dear me

Hear me out.

What would have to happen for hyperflation to set in? I mean, QE was supplying banks with trillions of dollars, no? Wouldn't they have to flood the market somehow? How did QE not immediately cause hyperinflation?

possibly relevant to the thread, our good guy peter schiff is having a debate with some crypto head
https://www.youtube.com/watch?v=MsL_8AazpsA

>>7555555
sextuple has spoken
time to become gay

>>7555609
So far QE has been contained relatively well inflation-wise but if they start printing money now it's gonna get out of hand.

>>7555555
Fuck

This is now a gaysecks thread

>>7555627
truly the blessings of kek are upon us

>>7555609
>How did QE not immediately cause hyperinflation
inflation is the expansion of the money supply, qe was hyperinflation, if you asking why there wasnt a massive increase in prices, this is why:
The price level is determined by the quantity of money and the velocity of money (how much people are spending based on their confidence) to put this in an equation it would look like this: Price Level = Q x V. Velocity had a massive decline in 2008 and has not recovered since since the real economy is still in the toilet, that way the massive increase in quantity has not been shown in the price level, when the economy fully recovers all that extra quantity will come out of hiding. The other part of the answer is that there has been massive inflation, the natural market forces demanded deflation in 2008, stock market crash, house prices, wage decreases etc. Its very important to understand that preventing deflation is still inflation

>>7553483
I mean honestly I’d still be the US.
For everything that’d go wrong, there’s still more positives to our economy than anywhere else, and the cascading effects would hurt everyone else more.

>>7555695
qe has gone beyond preventing delfation and has reinflated massive bubbles in housing and stocks

>>7555695
>>7555744
great answer, also see the charts posted in the medium article at the start of the thread. there's no denying that QE has been propping all the traditional markets you can think of, banks directly admit this

>>7555785
BOJ is by far the worst, they own like 70% of all Japanese ETFs iirc

>>7555555
you fucking faggot

>>7555810
I've seen that one too. There was a link to the zerohedge source in the medium article
http://www.zerohedge.com/news/2017-09-11/wtf-chart-day-boj-now-owns-75-japanese-etfs

>>7555814
What can I doooo?

>>7555695
>Velocity had a massive decline in 2008 and has not recovered since since the real economy is still in the toilet, that way the massive increase in quantity has not been shown in the price level, when the economy fully recovers all that extra quantity will come out of hiding.
Just to add to this if you look at historys most famous hyperinflation, Weimar, they started printing in 1918 but the massive consumer prices spike didn't occur until 1922/23

>>7555301
here we go, you just need to go full schizo and be a doomsday prepper

>>7555927
Meh I think that's overdoing it, but I'm also not gonna take the risk of holding most of my wealth on this house of cards and seeing how long it can keep going. Worst that can happen by taking safe hedges is that you miss out on the tiny stock market gains and your assets might go down a bit on their own, but you can't go to near zero like the system one day might.

>>7553483
The US, it is very large and are very divided, it also has a lot of stable institutions which protect the citizens.
Even if 90% of the country where to get slammed into rubbles, you could still be safe and comfortable if you are in the right place.

>>7555785
Holy shit what is the ECB doing (starting from’15)? Propping up Greece ? Deustche bank?

Random links

http://www.internationalman.com/articles/doug-casey-why-the-euro-is-a-doomed-currency

https://www.sovereignman.com/banking-system/banks-are-becoming-less-safe-again-22009/

>>7556032
Probably. And DAX and bonds and whatever the fuck they can think of.

It's not as safe keeping your wealth in the banks as any layman would assume. This system is seriously rotten and you don't need to be a tinfoil to agree on that

>>7555967
>Worst that can happen by taking safe hedges is that you miss out on the tiny stock market gains and your assets might go down a bit on their own
Thats how I view gold at the moment, Gold is the safest asset to invest in in terms of limited downsides and from my analysis the potential upsides are currently massive. The way I see it is like being given a free spin at the casino with really high odds, if I win, which I likely will, I win big, but if I loose my bet I don't loose anything.

>>7555967
kinda hard to make a full worldwide collapse since every country in the world is in trouble, eu bailed out greece

>>7556032
They're trying to prod the torpid eurocuck economy into doing something, anything by driving euro down (with no survivors). It's not working very well.

>>7556088
well what im saying is if everybody hyperinflates their currency, does that still mean its hyperinflated or the new normal?

>>7556084
It seems like a great bet after all, it's still much more scarce than any other valuable physical resource we have. And it has its meme status and history. It's gonna be used in nanotech in the future too so that might be a plus for holders.

Just be aware that it has dropped severely during some of our last recessions and is still a bit high so it can probably go like -50% momentarily. Not like that's a huge problem long term though.

>>7556088
>>7556132
It just means everybody has tons of it. Everybody will be poorer than they think they are.

>>7556172
> it's still much more scarce than any other valuable physical resource we have.
There is significantly less silver in the world than there is gold

>>7556172
it had a brief drop in 2008 but thats to its credit, people needed to sell gold to cover their margin calls, debts and general crunch in credit - it goes to show that even in catastrophic happenings gold is still as liquid as ever. After its brief sell off it went on a massive bull run.

I will leave this here

http://didthesystemcollapse.com/

>>7556172
>It just means everybody has tons of it. Everybody will be poorer than they think they are.
we only know that its hyper inflated because we know the old normal, doesnt hyper inflation only exist if we base it on a mean? what if the hyper inflated one is the new mean

and yes everybody will be poorer than they think they are but when everybodys doing it doesnt that mean its the new normal?

while I dont condone what their doing really whos gonna enforce the old normal

>>7556211
what i dislike about gold is that there are some huge gold reserves, the majority of all gold that is mined, does not enter circulation, it is immediately locked away in some stockpile - hence the price could drop significantly if this gold enter circulation.

shiff is on the debate now btw
https://www.youtube.com/watch?v=MsL_8AazpsA

>>7556199
Ah, good point. No reason not to diversify between metals too. I'm hazy on silver's industrial uses though at this point, but afaik it's useful

>>7556211
I think a big difference is also that it was just a recession, not a depression. If a depression happens and if hyperinflation happens then gold will be where it's at. If the banks pull their money out of assets and suck the markets dry, we will only have a massive recession and cash will be king instead. I'd say being in on both is not a bad idea because of the uncertainty.

Real money is Gold and Silver. Paper money only started having value because it used to be backed by gold several decades ago. Now it's backed by nothing except mass delusion and geopolitics.

Since the 2008 economic collapse, central banks around the world have overdosed on financial stimulus and printing money out of thin air. They have artificially suppressed the prices of gold and silver to keep the dollar delusion going.

On April 19th 2016, China locked in the dollar's death by launching their own gold price fix. For the first time in modern history there are now two prices of gold, one in the Chinese yuan and the other in the dying dollar.

If the West were to raise the price of gold, it would kill the dollar completely as it would prematurely instigate the inevitable mother of all safe haven panics.

If the East were to raise the price of gold, it would drain the West's gold reserves due to arbitrage. This would expose the West's fake gold market and kill the dollar. Doing this prematurely means the East could no longer buy gold for themselves at heavily undervalued prices for their post-collapse monetary dominance.

The eventual endgame is that the price of gold skyrockets and the dollar permanently collapses along with the global banking system and modern society as we know it. Black Friday will be everyday as the masses murder each other for a peach pit. This is sure to happen anytime between now and the end of 2018.

Don't believe it? We'll find out soon.

>>7556262
They're mostly backing up ETFs I'm sure. So they are in circulation already.

>>7556239
>and yes everybody will be poorer than they think they are but when everybodys doing it doesnt that mean its the new normal?
Yes pretty much, the new normal will be that everybody's poor. Not so good

>>7556239
those with savings, fixed incomes, nonajustable mortgages will be stuck on the old normal. The wealth of the masses has been confiscated by bankstas, leftists want to solve this with more government, believe me, government is the problem

>>7556301
>>7556239
But I can see your point though. If every country gets fucked we'll just have a recession and layoffs and sadness, but assuming fiat remains in power it's still gonna somewhat hold up because prices will drop eventually once hyperinflation has fucked everybody. So again cash is not a terrible thing to hold right now.

>>7556285
Etfs don't hold anywhere near the gold they say they do, this is all in the realm of conspiracy so I can't give any real figures, but gold experterts estimate that every ounce of gold held in etfs has between 4 and 400 owners who all think its theirs. These etfs also have clauses where they can close your position at any point and pay you out in worthless fiat - possession is 3/5th of the law, if you don't hold it you don't own it!

>>7556356
Kek, just goes to show how anybody touching those ETFs is a retard

>>7555555

wasted get you disgusting faggot!

>>7556343
>>7556301
>>7556239
Oh and forgot to add - if shit hits the fan, fiat might indeed lose its position when people lose faith in it. They don't just accept being poor and endebted to the banks anymore. Then it's bye bye fiat.

>>7556402
plot twist: I'm not even gay

>>7555430
>>7555458

what fucking trips? gas yourselves you fucking newfags.

>>7556457
fuck off pedo

>>7556529
Based as ever

this thread convinced me that having a garden might not be a bad idea, maybe some arable land that can sustain you if everything goes to shit and maybe a deep well

>>7556529

you didn't get any trips and you know it.

>>7556598
>calls people newfags
>doesn't know what a trip is
anon i...

>>7556596
I know owning farm land is a /pol/ meme but imo being able to get your own food is manly af, you'll dominate that post-apocalypse pussy

>>7554209
By what mechanism? The whole point of crypto is that there is no counterparty risk. So who the fuck would buy a gold backed crypto and trust that (((they))) wouldn't print more than they have. Go fucking read about cryptos and stop shit posting Peter schiff (Btw love your podcast <3)

>>7556670
> (((they))) wouldn't print more
im not sure if your familiar with physics anon but printing more gold would require a dying supernova
>The whole point of crypto is that there is no counterparty risk
But the crypto its self still derives its value from confidence alone the same as fiat, a bitcoin has no intrinsic value no matter how much trust you have it exists.
>(Btw love your podcast <3)
thanks anon

>>7556741
crypto could gain a similar level of confidence as modern fiat and maintain forever it thanks to being deflationary. but if we're being realistic it's still a long shot while gold is more established. Anyway crypto is just as useful to a regular person as gold, even more useful because it's better money so I think having some exposure to crypto as well is a good idea.

>>7555555
>those nips
>those sexts
I want my money back

>>7556670
>(((they)))
>Peter schiff
you do realise that Peter is also jewish too /pol/tard?

>>7556872
crypto is kinda inflationary currently because of the hundreds of projects tho

>>7556873
shut up and eat your memes

>>7556598
Lemme guess... You've been here since last summer, right?
Lurk moar. It's never enough.

>>7556596
imma be the first nigga to rob ya ass for some damn food

>>7556356
>Etfs don't hold anywhere near the gold they say they do
Proofs?

>>7556741
>im not sure if your familiar with physics anon but printing more gold would require a dying supernova
I meant print more cryptos than they actually have being backed up with gold ala tether

>But the crypto its self still derives its value from confidence alone the same as fiat, a bitcoin has no intrinsic value no matter how much trust you have it exists.

Same as gold friendo, the market value severely outpaces its "intrinsic" (industrial) value.

https://www.youtube.com/watch?v=mF6Zy-1Vjpg

>>7555555
It's good to be gay, no need to think about the future of this gay earth

Gold won't protect against hyperinflation.

Assume there is a crash, money goes to near zero relative to its present worth, and gold really holds it's value perfectly during that period.
Eventually it'll stabilize and you'll have to sell if you want to do anything with that money. At this point, you'll be paying 20% on those capital gains. You still get fucked by the government, just not as badly as cash.

Instead you should find a hedge that'll actually gain. For example, shorting bonds.

>>7557867
you don't pay capital gains in my country

Buy farmland and Ukrainians to work it.
Last year male (male) able-bodied Ukrainians went for like 3000€ per 40ft Hi-Cube container's worth.

>>7557703
Nice, wasn't he just recently against crypto? It's a pretty strong signal that he changed his mind

>>7557947
Maybe you will if the govt gets into trouble and starts taxing everything they can think of, your savings too. That's another decent argument for crypto, if it ever were to become real currency you would never have to exchange back into some other form of wealth or be controlled by the govt

I'll buy some gold and maybe silver, you go buy some crypto mate.

>>7558011
Nice concept, but if fiat goes under your farmland will be pillaged before the depression is over. I wouldn't trust those Ukrainians during an economic crisis.

>>7557947
Puerto Rico? Dude I am actually honored that Peter schiff is a chronic shit poster.

It's pretty obvious that there's an impending crash. The Fed (ostensibly) wants to unwind its balance sheet (which is about 70% treasuries). China (the largest lender apart from the Fed) has said they won't be purchasing anymore US debt. What does that mean? It means that the US will have to start paying higher interest rates on its treasuries in order to entice buyers. But the US cannot afford to pay higher interest rates, because the debt is so goddamn high. Nobody wants to buy treasuries because they're basically IOUs of dollars... and the dollar has been in freefall and is poised to drop even more.
Get out while you can friendos.

>>7553414
US = BTC
ETH = CHINA
TOP 20 = G20
SHITCOINS = everyone else

Agree?

>>7558930
The big question is whether they wanna crash fiat with no survivors or pull out their assets and crash everything else with no survivors. In one scenario fiat somewhat survives and a big-ass recession happens, in the other everything that's inside the system is doomed

>>7553447
>fraud companies like Apple, twitter, Amazon, google, that produce no innovation

those companies sell products and have an established market. are you retarded? before nocoiner GTFO i have some altcoins, but none of the ''crypto companies'' have ever made revenue. their value is driven only by greater fool theory.

>>7558930
>>7559030
US economy is kind of doomed either way I'd say, and that's gonna propagate everywhere.

>>7559073
I didn't write that, but these popular stocks are inflated by the bank-printed money. You think AAPL is worth $800B, even with all the issues Apple has been having for years since Jobs kicked the bucket? Think again.

Also, the AAPL stock hasn't really made any actual revenue either. Apple doesn't need your money to prop up their stocks. They have plenty of capital of their own. You speculating on their stocks produces nothing.

bump

How does waste collection work in a recession? Do the binmen still collect my trash? Or is everything on stand-by by default?

>>7555572
kys pig

Ok so I’m a brainlet when it comes to economics but, as a recent graduate making fairly decent money, would this be a good time to buy a house?

Or does economic collapse -> housing crash as well? should I just keep renting is basically what I’m asking.

>>7559657
Are your trash collectors paid by a private company or by the state?

Private corp might survive. State means your neighborhood is gonna look like Botswana in about 2 weeks.

>>7559778
Housing is one of the largest bubbles. If you want to buy a house, wait for the next crash. If we actually survive the next one, you'll be in a good position to scoop up cheap property.

/pol/ here. If we get another great recession the USA is going to devolve into a civil war between SJWs and the alt-right. A literal race war so to speak, which would have dire consequences on the rest of the western world. Now is literally the worst time for economic disaster. Everything is going to fall apart if the economy crashes now.

>>7559778
Keep renting if you're worried about a collapse. Housing prices crash as well, unless you're in a really LCOL area.

>>7559891

Alright thanks for your elementary input, now please leave with your baseless Alex Jones tier brain wash shit

>>7560011
If only you knew how bad things really are.

>>7554618
Former /kommando/ here - also be sure to stockpile disposable lighters and toilet paper. They'll be worth more than gold in SHTF. Read stories of a Bosnian survivalist

>>7560011
Except Alex Jones has been right about 95% of the shit he breaks on his show. Sometimes he says some wild shit, but for the most part he is bang on.

The only person brainwashed is you - because you've been programmed by others to hate Alex Jones despite the fact you barely know anything about him and don't listen to his material.

Spooky, huh?

food manufacturing

always need food

my family's company gets at least 2 calls a week from some investment group or competitor to buy us for ridiculous amounts. the aggressiveness has ramped up significantly in the past couple months.

companies send us ipads & fires with their presentation loaded on them which we keep regardless

>>7560156
Interesting. Even though the stock market is a massive bubble, these real and necessary industries might retain their value even during a crash.

>>7560094
Toilet paper is a good catch. Don't want to go full indian mode

>>7560011
What'd you say you little bitch?

>>7560156
that's fucking interesting anon

could you go into a little more detail? I understand not wanting to post any kind of dox on a bavarian clog carving board but this is a great perspective

I was looking into water storage a few days ago. Seems as though metal is the best bet.

If all goes to shit, it seems to me gold coins and all that shit is worthless.

It's cigs, painkillers, water, food, weapons and batteries is what you need.

>>7560415
You can't buy those things with all your money. They'll spoil and be hard to store. The point of gold is to store it until the depression is over

>>7553414
I have 20 acres of forested land.

Thinking about building an apiary and buying about 50 sheep.

Make honey and alcohol and breed the sheep. Can grow veggies as well
how does everyone think livestock will fair in a collapse? I mean everyone needs to eat.

>>7561075
tyrone could take them from you in the event of a big collapse unless you have some serious defensive power or live somewhere off-grid

if you can figure those out it's a fantastic idea

>>7561118
The property is in off grid and in the middle of nowhere. Also I have guns and like 2k rounds of ammo, and a canned food cache.

>>7561118
middle of nowhere but still like 15 minutes from a small town and about 4 hours from a major city.

ehhh, g-guys?

>>7561139
In that case it sounds like you should be all set if you just keep it hush hush and maybe have somebody around to keep watch if we really enter something like a collapse of society. But I'd say that's extremely unlikely still

>>7561306
Holy shit. Talk about a telltale of impending financial crisis. Didn't the same thing happen before the great depression as well? Not even the banks trust each other and here we are like idiots trusting our banks.

To sum it up now seems like a good time to take measures by fleeing from bank control if you were ever gonna

>>7561682
take money out of the banks - ok we can all agree on that
And put it into what?
Crypto? Gold? Platinum? Silver?

>>7553546

So the sky is falling. Nice, just lost 100k.

>>7556309
>nixon took us off the gold standard
>leftists are the problem

>>7561764
I posted my personal draft like 500 replies ago >>7555301 but I'm still a bit unsure about the exact ratios here

- cash 30% - in case fiat doesn't collapse and banks instead crash everything else to salvage fiat, as they should
- reasonably valued stocks 15% or 20% - fundamental production and non-inflated industries/companies that have real future promise and can recover from a possible crash (I'm thinking robotics for example)
- crypto 10% - this is probably too much but even if it goes completely under at least I made a statement
- metals with the rest, gold might be a top pick but silver still seems nice as well, would have to research if there's any other useful metals
- anything else valuable that you can come by. heroine would ironically really be a good investment if you just can sell it. so would stocking up on guns and that kinda real commodities that don't spoil and store their value even if nothing bad happens.

>>7559891
cringey as fuck

>>7561764
That's the million dollar question. I'm scared as fuck but I don't even know what to hold. Cryptos are approximately 50% of my portfolio, cash maybe 30%, stock the rest... but IDK what to pull out of and put it into. Gold?

>>7555075
Where do you get the 0.006% reserve figure?

>>7562015
note:
this would give you around 50% exposure to the rigged fiat system that might somehow evade this crisis again and keep on chugging. 50% exposure to investments outside of the system, with arguably higher risk if fiat keeps afloat but also the guarantee of stored value no matter what happens. in any scenario you'll retain at least 50% of your wealth. cryptos are there as the random joker card, might do very badly if fiat remains but markets crash, might do badly even if fiat goes under. but might also moon like nothing else before and has the fundamentals to act as our new currency

>>7562432
and even if somehow nothing bad happens, none of those investments will leave you at a huge loss, except crypto maybe

>>7554622
This guy knows what's up. Buy gold.

>>7555744
Should deflation be avoided? Is the dreaded 'deflationary spiral' a construct for convincing us inflation is a good thing?

>>7555739
Are you retarded? Shit is going to get really fucking bad here. This economy is a sham, there's nothing beneath the surface to hold us up. We don't produce anything, we borrow to buy everything. When the dollar collapses, it's going to be a fucking war zone.

>>7561306
Damn. Might be a good idea to withdraw some cash from ATM tomorrow. Might be a good idea to get out of the banking system altogether really.

>>7562595
The bill is actually pretty fucking terrifying. Trump's gonna dump all of your wealth into fucking military of all things and destroy USD in the process. Might be wise to buy some shares on military companies honestly

>>7562595
>Is the dreaded 'deflationary spiral' a construct for convincing us inflation is a good thing?
Basically yes. It's your economy reacting to the conditions you've given them. Rigging economy with inflation doesn't improve things, it just redistributes wealth to those who control it and creates unsustainable "fake" recovery. It speeds economy up where it doesn't deserve speeding up. If you fuck everything with toxic debt and banking issues it doesn't matter what system you use, you'll have to take the consequences. The great depression was ultimately caused by economic problems such as banks fucking everybody's shit up. Any kind of "deflationary spiral" is only the result of the economy having problems, not a flaw of the system, the way I see it. A deflationary currency is neutral, it's not good or bad. An inflationary currency is straight up evil when inflation works the way it does for our govt fiat.

>>7562749
If people can't withdraw from their banks it'll ultimately leave fiat worthless I'd expect. Pointless withdrawing into paper.

>>7562626

which is why it won't ever happen ... unless the elites have figured its high time for a chimpening but i doubt that

thanks to the merican tryanny

>>7563051
How could USD realistically hold its value and the US economy keep going? Both can't happen. I can see why trump is dumping money into military, you're gonna need it soon

>>7553483
>yfw you realize the US is bitcoin and it crashing means the rest of the world (alts) will crash harder

>>7563130

idk but i can imagine anything but the economy collapsing > heck even the global financial reset > you don't comply? you get nuked preventivley

>>7553703
Not really no.

>>7556309
lol I'm the one who made this image 5 years ago

>>7561778
Nixon used leftist policies

>>7563749
Yes. Can't you see the headlines "extremist persian carpet weaving network predicts stock market crash. What insight did the 4chan possess?"?

>>7553547
>Sure about that? They must be aware that if they keep printing now there's gonna be a severe case of hyperinflation when things stabilize and everybody has 1M worth of loan money. The faith in the entire fiat economy would be lost.
cryptos isn't fiat

>>7553988
I sold all my gold to buy cryptos

Ok bizbros here's the deal. I am a NEET, I have nothing and live with my parents. I got a degree in engineering and had a total mental collapse after graduation and haven't gotten a job in 2 years. I'm looking now but doubtful I'll find anything with that gap.
I have 200k in an index fund trust I can't touch until I'm 30 (5 years, can consider that gone).
My parents fully own two houses, both in a major Canadian city, but there isn't much work here.

What the hell should I do? All I have to my name is about $1000 in silver coins and $10000 in gold coins I got in an inheritance.

Help me bizbros.

>>7564755
>degree in engineering
>no job in 2 years

A major sign that the economy we're in is a shithole.

If you had this degree in the 60s and didn't have a high paying job people would think you're absolutely insane.

>>7564755
Make an internet business, get some revenue from that. Then apply for jobs and just say you spent the years living off of that, but that you miss your old field and want to work in it.

You've got to do something.

>>7565029
How much time do I have before the big one hits though?

I'm actually doing just as you suggested.

>>7564972
I sent out like 200 apps when I graduated and got no response, very sad.
85% uni average, 90% in field average.

>>7565066
>I sent out like 200 apps when I graduated and got no response, very sad.
>85% uni average, 90% in field average.
That really sucks dude.
Have you considered moving to another state?

>>7565111
I'm in Canada, it's not that easy to move to the states and the other provinces seem just as bad.

I've applied a lot to seattle but nobody seems interested in anyone without experience, so I'm making my own thing to pretend I have it and apply to a job that might sponsor me, but it seems I might be running out of time.

>>7553483
Liechtenstein

>>7565066
It won't hit suddenly unless the stock markets crash soon. That would be a good thing for the big picture but a bad thing for your job search, or anybody else's for that matter. But if you employ yourself you will surely come up with something nice.

>I sent out like 200 apps when I graduated and got no response, very sad.
damn

>>7565135
>I'm in Canada
me too lol
move to alberta
you'll probably find a high paying engineering job very quickly

Either way my only advice is to keep trying.

>>7554079
Gold value never really depended on its industrial use.

>>7554129
It has nothing to do with gold being a currency. It's basically the only tangible asset that central banks and other major financial organizations hold.

>>7565718
>tfw Trudeau sold all of Canada's gold to pay for rapefugees

>>7555555
Congrats, You stopped the ultra giga nigger