/biz/ - Business & Finance

0.1% FED interest rate makes intra-bank lending too expensive, that's all

Is this chart for global commercial banks or just US baaed ones?

>>7583889
Just US

>>7583867
>All of this means that banks aren't lending to each other anymore as banks rely more and more on the easy money of the central banks. Libor rates are moving up, pointing to increasing credit risk (see chart below from FRED). These rates will continue to move up and stay above the Fed funds rate, because the latter is risk free. If the Federal Reserve doesn't stop increasing rates, it will be responsible for an equity market correction and possibly also a real estate market correction.

>>7583816
Any similar data for Canada?

I know our banks did well the last time the US fucked up.

>>7583867
so does this mean the world still hasn't recovered from the late 2007-2008 financial crisis? that line never went back up.

>>7583889
>>7583960
Good, so its not DB?

>>7583867
Freaking insane to think that that is the case. The whole financial edifice is based upon a house of cards that will crumble the second central banks shut the faucet.

>>7583982
DB has a significant presence in the US

So, realistically what will happen? Will a recession happen? Will it be global, or will it only affect US&Europe? Will asians keep buying crypto while the dollar loses value? Will McAffee's weiner be fine?

Any Ausfags here. I'm absolutely convinced we're on the verge of a crash of biblical proportions. Should I pull all my cash out of the big 4?

>>7584052
why? because of unaffordable housing?

That does not have to imply that crash is coming

>>7584046
I can't imagine Japan's economy not being affected by a crisis in Eurabia and the USA.

>>7584046
I think asians, especially koreans, will not stop their buying frenzy.
Hopefully, that will help secure the crypto market from a major crash.

>>7584073

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

>>7584073
that's a misconstruction of what's occuring. it's not "unaffordable housing" it's a "housing bubble" purveyed by Chinese who don't even live in the houses they purchase as investments.

>>7584075
lol chinese will be hit the most

all of their customers are in the west and their whole economy is dependent on that

You are deluded to think that chinks will continue to pump the crypto if shit goes down in US

World economy is US economy

>>7584052
No, the last recession the Australian government backed all Australian bank deposits and there's no reason why they won't do it again. Besides we have quite strong bank reserves regulations here. Our deposits are safe

>>7583973
So you want them to keep printing even more money? Rising rates are absolutely good, they want the markets to crash and correct to their real value, instead of inflation getting out of hand and the entire fiat system collapsing some time later.

>>7584107
Hey retard, chinese people can't even fucking buy crypto right now

>>7584127
lol.

>>7584107
>You are deluded to think that chinks will continue to pump the crypto if shit goes down in US
I think you meant to reply to someone else, I didn't say that Chinese would pump crypto.
but ya I agree with you, China will be hit hard, the economy is already slowed and they're in a ton of debt.

>>7584107
>World economy is US economy
Burger believe this. Good Goy! have this glass with estrogen as reward

I keep thinking Canada is in a housing bubble, but with the level of immigration we have it seems houses keep being bought.

Will this crash mean I can finally buy an apartment in Vancouver?

Or am I going to be fighting in the mountains for some kind of cross-border cascadia provisional government as the states and canada collapse?

>>7584150
yep, the guy you were replying to, sorry, at least I gave you (you)

>>7584156
>China, Japan, US and Eurabia aren't interlinked
>implying these states aren't the focalpoint of the global economy
shiggy diggy, friend.

>>7584156
Im not a burger and you are deluded or underage if u disagree

>>7584073

A speculative property bubble and GDP based on serving each other coffee

>>7583867
Do you think that there any fully leveraged institutions atm???
Bad 4 them

>>7584001
DB is the most exposed EU bank to the USD, french banks are pretty stronk rn tho.

>>7584158
Just move to Surrey :^)

>>7584190
>I'm always right
that's right! and don't let anyone tell you otherwise

>>7584238
Fuck no I'm not a curry.

But if this whole thing means we can finally have our own country, well, it wouldn't be all bad.

>>7584244
just stop shitposting and leave. the adults are conversing.

>>7584081
>February 27 2018
>Global crash has struck out of fucking nowhere
>Mass suicides in the states
>Bitcoin 200$
>Coinbase closed
>Merkel bans crypto.
>Suddenly, N.Korea launches 500 missles all the way up to low earth orbit.
>Thousands internet satellites released.
>Everyone can use the internet for free and unrestricted.
>A new exchange accessible to all. Fiat money can be wired by fucking pigeons, snail mail, bartering food with your local gook.
>Secured by nuclear arsenal and brainwashed cheerleaders.
>Exchange has its own token.
>Coin Jong-Un

My take: if assets markets start crashing soon we'll have a big-ass recession unlike never before. The economy will still remain. But if the assets markets keep inflating we'll have impending hyperinflation and lack of trust in all fiat, followed by economic collapse. If assets start correcting focus on cash, if assets don't budge start accumulating on gold and crypto.

im waiting for an apology you cucks

>>7584351

>trip

Na. Even if you're right just no.

>>7584351
can we just ban retards?

>>7584351
I already have 30k in gold in a safe and $2000 in silver coins.

It's all the assets I own.

>>7584375
see you on the other side anon

>>7584408
haha perfect.

>>7584338
>If assets start correcting focus on cash, if assets don't budge start accumulating on gold and crypto
wow thanks for this anon, most obvious fucking sentiment on here. you really have no idea what you're talking about do you? just trying to sound smart

>>7584094
Thank fuck there's others here who are aware of this article. Absolutely essential reading for any Ausfags lurking

>>7584408
My parents own their own homes in the city, I can't yet but I have marketable engineering skills I could turn into trades skills in the event of a collapse, and I have some solid holdings.

I don't own any crypto, but I'm going to buy a bit next paycheque.

I think I'm about as safe as I can be, going to order some bottled water off amazon and tins of herring and hope for the best.

>>7584432
canada is fug too

>>7584450
Where would you move from Canada if you could pick a place?

lol is anyone going to short US market
It seems like it's probably a worse risk/reward ratio than holding crypto

>>7584448
don't buy crypto, but as much gold as you can whilst you can - im going to buy about 160 ounces on thursday/friday and stock up whilst I still have the chance.
> tins of herring
my nigga your taste in tinned fish needs some fine tuning

>>7584495
I just need it to last the multi-week trek up to my father's land on the north coast where I can just hide out with a bunch of angry old men with guns.

Herring is easy to stack.

TIME TO BUY CRYPTO. fuck gold. Every country will jump into crypto.

>>7584471
Do avoid financial armageddon? All the west is pretty fucked, US, Canada, Aus, UK, EU are going to get railed. Maybe some comfy farm town in New Zealand?

>>7584526
>I just need it to last the multi-week trek up to my father's land on the north coast where I can just hide out with a bunch of angry old men with guns.
based

>>7584528
>It is time to wake up and move your assets out of the U.S. dollar, the U.S. stock market and the U.S. bond market.

THIS!
BUY SHITCOINS NOW

>>7584531
I have a fairly wealthy buddy who could get me a Singapore, Taiwan, HK, or PRC work visa/PR card worst case if I have to flee the country. I don't know which of those to jump on, I feel it might be wise to do it though.

Studying my mandarin as well right now. I want to come back as a politician to this city after the collapse is over, I want to make my country something to be proud of again.

>>7584585
Meet me in GZ

>>7584585
Isn't the economy of Singapore and Hong Kong like 95% financial services? I'm not sure thats the place to be

I have $20,000 in my bank account, 110 ETH, 1 BTC, and 250 OMG, live in mainland China, have a job working from home (US-based), no debt, am I going to survive this shitstorm?

>>7584585
Taiwan would be best choice, SK and Japan are better tho but language skills are necessary.

>>7584623
Buy more OMG with your ETH. Their success is tied together and OMG has more room to grow.

>>7584623
>I have $20,000 in my bank account
for every $1000 in your bank account the bank can pay you back 6 cents in a bank run. You have $1.20
>110 ETH, 1 BTC, and 250 OMG
internet pixels won't mean shit

BUY GOLD

>>7584607
Haha that's a very good point. I think quite a bit of Singapore's economy is also refining though.

>>7584604
Haha I'll end up wherever someone needs an engineer or mathematics guy.

>>7584631
Yeah Taiwan is at the top of my list, although I have a feeling it might be out of the frying pan into the fire with the chinks staring them down with a few nukes. Might end up dodging the draft for the great north american civil war and end up having to defend taiwan.

I have a feeling war is in my future somehow either way, and I want to make my province into a real country if I can, so I may stay and fight, who knows.

>>7584419
I'm interested, what was wrong about that post?

>>7584655
Where do you get this 0.006% reserve figure?

>>7584655
lol this nigga thinks you can eat some babylonian meme metal

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.

>>7584756
The amount of printed USD is only a fraction of what is "held" in banks.

>>7584756
I pulled it out my ass, by which i mean I heard it somewhere but cant find the source to site, more realistically it would be somewhere between 100 and 30 dollars per 1000, but id bet on the lower end

>>7584810
preach

>>7584158
They say that we're in a housing bubble, but nobody I know my age owns a house. If it crashes nobody I know, except parents that already own the house, will lose anything.

I pray every day for a housing bubble pop. It won't happen though.

>>7584870
>I pray every day for a housing bubble pop
why?

>>7584843
Yes, i understand this. I was hoping for a source on the figure of 0.006%
It seems quite precise rather than an arbitrary number

https://www.marketwatch.com/story/dow-futures-rally-more-than-250-points-as-focus-turns-to-trumps-infrastructure-plan-2018-02-12

>>7584895
Obviously so he could but a house.

>>7584922
>a source on the figure of 0.006%
His asshole.

>>7584936
thats some nice delusions if you think you will be able to afford a house after an economic collapse

>>7584810
fiat is now backed by said nation's military.

>>7584933
>An*me
Opinion discarded.

>>7583973
Real estate needs to correct. Theres no reason a small house built in the 1950s should cost $100k

Idk you think people will give a fuck about gold if shit really goes down?

Pretty sure it's going to be about survival at that point.

>>7584301
underrated

>>7584575
Read this article: you may like his concluding statement. http://www.seekingalpha.com/article/4144946

Take pound sterling for example. It used to represent a pound (0.45kg) of silver in the 17th century. Currently it will barely purchase 2 grams

Inflation is a tax, it is effectively governments defaulting on loans

>>7584973
Could have with the last one..

>>7584094
Best link for ausfags ive ever seen on biz.
Yes its a fucking enormous read but it spells it out perfectly.
10/10 thanks anon ill be passing
this around

>>7584997
Land is a total zero-sum game for the world and you can’t exactly “lose” land. I don’t think housing corrects drastically

>>7583867
This will kill state banks that dont have policies like fed banks. State banks shift to fed banks then they will start policies on freezing accounts that deal with alt right people by accosiation of white supremeast terror attack false flags.

>>7584995
>th-the market can't keep improving!
i-it was her turn!
shhhh... just Trust Trump

>>7585263
>just Trust Trump

>>7585175
wat is monarchy
god solve the queen

>>7583816
>>7583867

It's unhealthy. Bankers are learning that the central banks will always continue to lend to them, and that there is no penalty for failure.
This leads to moral hazard, and loads pressure on currencies

>>7584655

>Pic related: boomers queuing up to withdraw their savings

You'll be lucky to get 6 cents if we see another run on the banks

>>7585396
GENOCIDE ALL FUCKING BOOMERS

GAS THEM ALL

>>7585396
bank runs only happen in times of low confidence. Confidence is sky high in the current admin. Coventional models do not apply here.

>>7584974
Military backing is worth exactly zero when mutually assured destruction enters the picture. It guarantees any military solution is nothing more than a bluff, modern war is about proxy wars between tribes in shithole countries for ledger control of commodities only. Beyond that, no fucking way.
There will be no large war between great powers ever again.
Or if there is, it will be a very fucking short one and none of us will be around to react to it.

>>7583981

This means that instead of stopping and operating the patient like it should have been done the government just pumped steroids into its body so it could keep going a bit more. That's Keynesianism for you..

>>7584664
REEEEEEEE we are full

>>7584974

Good luck taking my bitcoin with your military retard.

>>7585581
well it's worth more than exactly zero considering people have faith in it and are using it today. I understand that you can invent a doomsday scenario, and you're probably right in that case. but we are not living in a doomsday scenario today and people have full faith that other will accept their Dollars because they do.
go buy a gallon of milk. tell me again how your Dollar was worth exactly zero.

>>7585733
you sound like the retard.

>>7584158
That looks comfy.

>>7583981
The 2008 capital injection and QE was just a case of temporary crisis management. It could have gotten a lot worse.

This time it's back, and we have a lot less options when it comes to dealing with it.

Anyone holding gold and crypto two years down the line is going to be fucking wealthy.

>>7585520
In burgerland

Confidence is typically sky high immediately before every historic fall.

>>7585736
I didn't say fiat currencies were worth zero, I said that the military backing the person I was responding to that they claimed was the source of the value, in fact was not.
What *actually* backs fiat currencies is the economy of the issuing central bank and its attached nation, which is why Zimbabwe didn't suffer hundred trillion dollar notes because it lost a war, but because its economy was run by Robert Mugabe. The Zimbabwean military didn't even really enter into it, except to the extent that they fucked the economy by expropriating economically productive farms and putting them in the hands of people who can't tell shit from clay. the ZWD sure as fuck didn't benefit by their backing.
And no matter how many relatively unimportant small wars burgers or vodka junkies win or lose in various small skirmishes in Syria, the value of the ruble or the dollar will mostly be evaluated based on the competitive worth of the economies of those two nations rather than the performance of their bloodsport teams in the fantasy war league in sand nigger central.
Until crypto gains wide understanding and acceptance and throws the entire fiat paradigm on its head and everything goes the fuck out of the window, of course. Remains to be seen how far away that is.

>>7585841
I have that feeling, too. times are extremely uncertain. we have the classic signs of the end of empire:
-women in power (actually resentful of us for not putting them in their place)
-money printing (less and less silver in Rome's coinage)
-overborrowing of money from other nations
-endless wars that bankrupt us
-mass immigration
-no middle class (strife)

I can't imagine fiat ending well. thank God I have crypto.

>>7585948
I don't give a fuck how great the Zimbabwe bank manages it's economy, I still wouldn't accept their currency as payment.
think a Mexican would accept an American dollar? fuck yeah he would and does. because it's actually backed by a powerful nation that has dominance and clout on a world stage.

>>7585930
I wonder who i should believe... our billionaire economist president? or you?

>>7586056
Would you not accept a ZWD as payment if the same people responsible for managing the US economy were instead responsible for managing the ZW economy, and the same people responsible for managing the ZW economy are instead managing the US economy?
I rest my case.
Brand doesn't mean shit, it's just a label for stupid people to attach to underlying properties which actually denote value, if you're capable of evaluating those underlying properties, you should, because they're what actually matter.

>>7583816
It's nothing to be concerned about. Just a bunch of satanic jews fleeing from Trumps America. They're afraid of the memo, so they decided to liquidate their positions and retreat to friendlier countries until Trump leaves office.

>>7586082
I wouldn't.
take Singapore for example. the economy is great. everyone is seemingly rich. and yet, I'd rather have USD than their currency. why? because for all I know they could be invaded by Malaysia or China tomorrow and it be rendered completely useless. if anything, a fiat currency is backed by stability and trust.

>>7586177
Malaysia or Indonesia*

Were more worried about extremists in SEA taking over

>>7586079
Your president might be the captain of an enormous ship, but he's got an incredibly small rudder

>>7586177
I live in Singapore, I have way more SGD than USD, and I'm quite confident SGD is in a better state than USD, because look at the strength of the relative economies. Meanwhile why the fuck would China invade Singapore given 80% of the people here are Chinese, and why the fuck would Singapore care if Malaysia were stupid enough to do it, given that almost 100% of the people in Malaysia are Malaysian?

One more hour, shills.
Are you getting nervous?

>>7584118
>bank deposits
>safe

Deluded ausfag

>>7586209
>why would a political entity seek to enrich itself by incorporating an important global trade and financial center?
I'll let you do the math.
anything could happen.

>>7586272
Trying to convince an Australian to question their government is like trying to convince an Italian his mother is a whore.

>>7586285
Yeah many people have done the math and for many years, they don't because it's not in their interests to try, given the chances of and rewards for success. That is the equilibrium for pretty much all national borders at the end of the day.

>>7586285
although I would like to get my hands on some SGD. I just wouldn't call it a safer bet than USD. that may just paranoia, but the world seems increasingly unstable to me.

>>7586285
Singapore and China already have some ties, we even did exercises.

https://youtu.be/WH6JwSKvCKU

>>7586329
lol you're one paranoid mofo
Also biggest brainlet in the thread LMAO
Stop eating them crazy pills and get back on a good diet

>>7586319
thanks for your reply. do you think crypto is safer than SGD? it's harder to destabilize/end a cryptocurrency than a state issued currency. nodes are everywhere. QTUM is even putting a node into space (probably more in the future).
>>7586355
if you can't see increasing global instability and people losing faith in fiat you're the crazy one. your post is 100% ad-hominem. look it up in the dictionary. where's your argument? get off your boyfriend's dick and get back on the pussy, fagbrain.

>>7586429
Crypto is a meme, a scam that builds up on criminality or ponzi money to the point where legitimate users get scammed

>>7583816
Collapse it all. Hit the nukes. Extinguish humanity please.

>>7586254
Yes.

>>7584528
>>160182004
All private cryptocoins will be taken out by a government decree. All gold will be taxed, all gold mining companies will be nationalized. Notion that anyone outside of the 1% is going to benefit from this crisis in naive and delusional. The best a little guy can do is invest into basic commodities and security

>>7586456
>up on
post discarded.

Should I invest in stocks now or wait?

>>7586429
Yes, crypto properly done is effectively perfect money. No throats to put boots on, no agencies to extort, no entities to attack, play by the rules or get the fuck out, especially if it's blinded properly so there's just no way at all of knowing who has what. If the world translates the sanctity of the voting booth to the sanctity of the wallet, we're in for a golden age imho.

>>7586300

Wat. Everyone thinks the government is fucked mate. The problem is we're politically apathetic as a nation, the whole "she'll be right mate fuckin get some piss up ya" doesn't just permeate through the general vibe, the major voter prols are clueless because they actually don't look at it. They watch the news and read the paper and think "aw, shit, that's a bit fucked" and think nothing more of it.

One of the scandinavian countries kicked their head cunt out for having money stashed in tax havens, that wasn't a bit of trouble for us to swallow, in fact most wouldn't know anyway and couldn't give a fuck about it if you told them about it. Shits fucked mate.

>>7586650
thank you. an intelligent poster for once in this thread.

>>7586665
Right, but they keep accepting paying taxes out the ass and accepting pushing nanny state policies and being pro socialist, it's like my wife's a fucking cunt but I'm totally going to give her all my money and do whatever she says. Just because you go down to the pub to piss and moan about it with your mates doesn't mean you aren't controlled to the teeth by it. I used to be Australian, hated it so fucking much I just had to get out, haven't been back in years, and in those years travelling around the world and seeing how other nations treat their political situation has made me realise just how much Australians tolerate from their shit tier government, with the only backlash being "well that's a bit fucked, but sure here's 75% of my income in direct and indirect taxes in total for your bullshit minister".
And if anyone dares suggest that maybe they should take a less generous view of expansive public spending and state intererence, they're treated as if they just suggested all babies ought to be subject to compulsory rape. The only libertarian senator in modern history in Australian government got in only because his party name confused the shithead voters into thinking they were voting for the liberal party. Australians *cannot* comprehend the idea of actually limiting and reducing their government, piss and moan as they may about whatever aspect of it is assfucking them at any given point in time.

>>7586473
>All gold will be taxed
nice fud, hows that going to be enforced?

>interesting discussion begins
>some gold tripfag and a bunch of third worlders come in to ruin it
>china is stronger than US
>lol bank runs
Jesus Christ you people are terrible. why do you care whether or not we buy gold? at least learn about the US economy before you shill something. anyone that says china has a stronger economy or will become a superpower the next economic crisis is a fucking brainlet.

china was not our superior 4 years ago when this meme started and they certainly are not now. despite what you want to believe, they do not own a significant portion of our debt (BONDS) and can barely keep their head above water.

if you think trump and our Goldman stooges running the federal reserve/treasury will let the economy collapse under them, you're stupid too.

>>7586789
welp, last time the US gov just took all of it. so there's that (:

20 minutes till the bulls are unleashed, bros!

>>7584301
I'd buy it.

>>7586772

Couldn't agree more. I really can't wait for us to really feel the fucking pinch on a broad scale, maybe once our bloated housing market implodes from the offshore chinks and our shit policy. It's been too much of this lucky country bullshit, we're too soft to give enough of a shit because we've got good wages and the country is still pretty.

That 800k spent on a wage increase for the libs too, fuck that right up the ass. Our biggest socialist problem is the EXCESSIVE handouts we give to the pollies and ex-pollies IMO. And the handouts they give to the mining companies that they could just fuckin pay themselves and cop less profit, but no we foot Ginas fuel bill for every vehicle she owns.

>>7586823
>all of it
they took it from the retards who handed it in

>>7586031
Trump is Diocletian. He is setting us on a stable trajectory which will enable the Empire to last centuries longer.

>>7584973
There was deflation during the last housing bubble pop.

>>7586921
>A politician is going to save us
pic very much related

>>7586894
Right, that's the fucking hilarious part about it, all these socialist dickheads who don't even realise that if you examine the system closely enough it's crony capitalist to the fucking hilt, but that takes actually understanding the economy, and who pays who and who gets what and how things all actually function, rather than listening to clueless fucks yammer on the ABC about whatever du jour shit they're trying to whip up righteous fury about from said clueless virtue signalling clusterfucks.
When anyone outside AU I finally know well enough to let on that I don't actually like AU asks me what it is I hate about the place, I just show them this video. They all laugh and shake their heads.
https://www.youtube.com/watch?v=bBIubgsfK8E
The Japanese response to this is complete bewildered confusion and quite the sight to behold, they think it's actually satire.

>>7586955
>libtertarians
>ever right
go play with your sparkly rocks and leave the adults alone, sweetheart

>>7586930
the houses still cost money, if you have money in fiat your not buying anything

>>7586967
>if you have money in fiat your not buying anything
Why? If I have fiat and see houses on discount, I'm buying

>>7586966
I've made more money in the markets than you will make in a life time and Im only 22, I just know when to get out - and now is the time to get out. The adults are talking her sweetie, go worship your collectivist fat orange blumf tard

>>7586955
>implying Ashkenazi Jews are individualistic and not tribal
I bet you think they're pretty smart.

>>7586987
>I came here to shill gold
ya. leave.

>>7586955
>presidents just want to line their pockets with money and don't care if the entire country collapses
maybe in your corrupt shithole. enjoy trying to convince people on an anime forum that you are right and that everyone should buy gold because, despite having a federal government literally run by a billionaire and Wall Street bankers, they will manage to collapse an economy that is worth more than the entire continent of Europe.

>>7586975
in a currency collapse who will be willing their property for pieces of paper?

>>7587000
If there's only about 12 million Ashkenazi jews in the world at the moment, and their average IQ is 115, doesn't that basically mean there are far fewer outliers with extreme intelligence than far more populous ethnicities with a lower average simply because of the law of large numbers?

>>7587030
>in a currency collapse
the treasury has openly stated they want a weaker dollar
>who will be willing their property for pieces of paper?
>people will all of a sudden stop taking fiat in the event of an economic recession or collapse
your age is showing sweetie

>>7586987
good larp, now kindly return to reddit

>>7587018
>an economy that is worth more than the entire continent of Europe.
first of all: lol
>enjoy trying to convince people on an anime forum that you are right and that everyone should buy gold
You can insult me all you want, but don't ever insult my anime forum! I have a first class degree in economics, and have had success with investments - I feel I have a firm grasp of whats going on in the world. This board is full of many good people who deserve to make it, it has provided me many good 'ments and giggles. I come here to shill gold because I truely believe the world is going to shit very soon and I want to warn the anons who don't deserve this shit. I advertise nothing, people have accused me of running a pump and dump shilling gold, a 7.3 trillion dollar market, to 50 anons lol I do this because I care. My warnings are only for the high iq readers of this board, not the collectivist, politian believing, maga retards - if you can't admit drumpf is bought and paid for any point your trying to make is already debunked.

>>7587018
they will short it

>>7587018
now fuck off back to TD /biz/ is, and always has been, a libertarian board

>>7587062
you are replying to the wrong person. I was making a point to the individualist that his argument is bunk. but ya there are way more high IQ white people in America than Jewish. from the point of individualism, our colleges should be like 80% white.

>>7587236
but because Jews are tribal, they're massively overrepresented.

>>7587191
>GSA the tripfag we need, but not a tripfag we deserve
Thank you anon

>>7587259
Right, but from an individualist perspective, that is actually a weakness that can be exploited, because it means that they can be outcompeted by a less nepotistic group of broadly distributed higher intelligence individuals all aligned towards common goals.

>>7587191
>I have a first class degree in economics,
a degree telling employers you read keynesian theory for four years isn't impressive
>if you can't admit drumpf is bought and paid for any point your trying to make is already debunked.
he has lost 3 billion dollars since becoming president
>an economy that is worth more than the entire continent of Europe.
the US must be lying about their GDP lol xD

the OP source self-identifies as a contrarian and has been claiming the US is about to collapse since 2012

>>7587297
For example, if crypto kills jewish central banking, this would basically be an empriical validation of exactly that happening, broadly dispersed decentralised liberty minded individuals working towards a properly fair economy with cryptographically auditable properties btfo ancient jewish banking clans running wyckoff method games over and over again, privatising gains and socialising losses via their control of the monetary system.

>>7583816
Yeah, sell at the dip, remember to fomo back in with the boom next year

>>7587318
>a degree telling employers you read keynesian theory for four years isn't impressive
I have no belief in keynesian economics, I am of the austrian school. My disertation was written on Mise's theory of money and credit.
>the US must be lying about their GDP lol xD
The EU is the biggest economy in the world, a quick google search would clarify that. Also GDP is a bullshit stat anyway, in real terms China is the biggest economy in the world.

>>7587297
>>7587335

hmm. I see what you mean. that's kind of what they did to white people- we were originally nepotistic, but they allied massive groups of individuals against us (blacks, latino, asian, arab, women). you made a nice point. so what you're saying is that we can effectively do to them what they've done to us.

>>7587363
>I am of the austrian school. My disertation was written on Mise's theory of money and credit.
feel free to tell us the university that would approve a DISSERTATION on any MISES theory
>Also GDP is a bullshit stat anyway
lol
> in real terms China is the biggest economy in the world.
boy do you have some growing up to do. just like Japan was going to wipe out the US economy and rule the world right?

>>7587191
>This board is full of many good people who deserve to make it, it has provided me many good 'ments and giggles. I come here to shill gold because I truely believe the world is going to shit very soon and I want to warn the anons who don't deserve this shit.

We're all gonna make it

>>7586791
Higher IQs.. higher Birth rate.. Arguably just as relevant at the cutting edge of high-technology.. ethnically homogenous.. impossibly large infrastructure projects.. WeChat?!?!

>>7587363
You must be clinically retarded deluded idiot

>>7587417
You tell em Keynes jr.

>>7587417
>feel free to tell us the university that would approve a DISSERTATION on any MISES theory
im not going into my personal details I want to remain anon, I don't understand your disbelief though
>>Also GDP is a bullshit stat anyway
you do realise that like 70% of US gdp is consumer spending on goods produce in large part in... you guessed it... China

>>7587430
China's authoritarian simply gets shit done faster than western democracies. Homogeneous society also means less time and resources are devoted to pointless tribal wars.

>>7587456
Using the PPP meause EU is the worlds biggest economy, China second and JewSA third

>>7585581
this

>>7587478
>you do realise that like 70% of US gdp is consumer spending on goods produce in large part in... you guessed it... China
trade deficit is not a debt. there was a huge trade deficit with Japan in the 80s and deluded retards like you were spouting off an imminent collapse while conveniently ignoring the capital surplus. china is buying land and real estate in the US and is drastically outspending any deficit the US has with them

>>7587509
Meh, I’m a classical liberal, but it works for them

>>7587466
>austrians actually believe this

>>7587550
what has debt got to do with anything? Im saying the GDP stat your getting hard over is some little meme stat and has little to do with what your country produces. 70% of US GDP is consumer spending.

>>7587509
>china
>homogeneous society

There are many ethnic groups in china, some of them problematic

>>7587368
lol how much more retard shit is in your brain
It's hilarious to me how you think you're intelligent
Also, I'm invested heavily in crypto but your way of thinking is in such a pseudo-intellectual manner

>>7587618
Yup but unlike the US, their gov't is trying to destroy them

>>7587065
Man, I sure love the taste of Washingtons

>>7587618
just say muslims...its okay, you can say it.

>>7587603
>dude the US is in a huge trade deficit with china lol we are fucked
>uhhhhh who cares that china is reinvesting more money into the US economy than we are spending on their products

>>7587206
God this is most chilling comment..

They fucking would short it

>>7583816
true if big

>>7584301
>February 27
You little shit, it's on my birthday.
This present is to fucking huge. God, give me smaller one.

>>7587647
There are Muslims in China? :0

>>7587664
>argueing with trump supporters
I never mentioned trade deficits, not once, control f 'trade deficits' 'bop' 'balance of payments' etc I said that 70% of US GDP is spending on consumer goods, we can talk about trade deficits if you wish but it would be nice to finish our discussion of gdp first

>>7587588
> keynesians think this is an argument.

>>7587641
100% ad-hominem. again- look it up in the dictionary. you lose more credibility with every post, Goldstein.

>>7587018
Supporting trump in 2018. Woah. Go on tell us about how bad Hillary is
>>7587191
Thank you GoldShill we love you desu. Liberty or death!

>>7587710
https://en.wikipedia.org/wiki/Hui_people

>>7587755
>Go on tell us about how bad Hillary is
b-b-b-but killary
>Thank you GoldShill we love you desu. Liberty or death!
thanks anon, freedom soon

So are stocks going down or what. Fuck bros, I'm losing cash here.

>>7587755
ShareBlue are a bunch of faggots. they're all over this thread.
what's it like having ideas so weak you have to pay people to spam?

>dow opens up 200
I hope you Trusted Trump

>>7587710
Oh also https://en.wikipedia.org/wiki/Uyghurs

>>7587840
I hope you trust the feds printing press

>>7587672
They're going to.

>>7587862
>ifunny

>>7587710
guess who drove a car bomb onto tiananmen square...or did all those train station mass stabbings.

>>7587802
All in on Ford

>>7587878

>>7587641

>>7587802
For past like 2 years, everyone, everywhere, in news, journals, web-forums started ringing this "It's going to crash" bell. There are some really good analysis, once you read it, it's sounds like, Oh man, I gotta get out. Days pass, everything goes up again.
Shit is boiling behind the scenes, I wonder who will take biggest profit this time.
Time is coming, and this time nobody will ring that bell.
Fake papers shall burn again.

>>7587858
It's hilarious how upset libshits are about the country not conforming to your delusions. Face it: the Trump Economy is here to stay.

>>7587858

>>7587979
>libshits
He dislikes Israel first, 1.2 trillion dollars deficit a year Trump he must be left wing. Nice meme. How does the world look in only black and white?

>>7587858
this pic is so disingenuous. the heads should be fighting eachother, and the (((individualist))) should be profiting off of it.

>>7588051

>>7588051
you've become overwhelmingly triggered and dropped all of your pre-written talking points ever since someone claimed you were shareblue

this leads me to believe they are right. Hillary lost, go home.

>>7588117
>hillary is worse than trump therefore trump is good
Like i said, only black and white

What prewriten talking points?

>>7588134

>>7587905
CIA?
I mean they got involved in Tibet/Xinjiang/HK/Taiwan and is the reason why the Islamic insurgents in the ME are so well-armed and trained.

MI-6?
I mean they are the reason why HK is in such a mess

Islamic extremism/Ethnic strife?
They wouldn't be so docile currently if that is the case.
Esp. since their CIA contacts just got wiped ;)

>>7588153
Im glad trump beat hillary, but that doesn't make him good. I understand, you need a strong man to hide behind whilst I prefer to be my own man - different strokes for different folks. Let me guess, you came to 4chan in 2016?

>are we fucked
>we

crypto generally goes up when stocks go down sooo no

>>7584127
Fake news

>>7588204
>exposed as shareblue
>immediately attacks person over their membership length on an anonymous board
7 more years sweetie

>>7588254
>Exposed a shareblue
How new are you? I've been posting on this board since before shareblue was even a meme

>>7587363
>>7587878

dam, an ecomomist that isn't fuckin retarded
Thank you for your help, can you point out anything we can do to secure ourselves? Do you see what we are talking about as true? any idea on timescale?
Best of luck Anon

>>7588296
nah sorry mate I don't know anything about economics im a pajeet sitting in an office earning 1cents per comment to shill hillary clintons 2016 presidential run.
>any idea on timescale?
I have been predicting this for a long time, and my predictions have been somewhat premature, im supprised the system is still standing desu. As for your question I would say conservativly 6-18months tops, but it could be sooner - this is all really guess work and anyone who tells you with any certainty they know when its going to happen is making it up.
>can you point out anything we can do to secure ourselves
I have put my money in Gold, I see the precious metals as the only asset class not in a bubble right now but any hard assets (houses, land etc) is better than paper (stocks, bonds, etc) right now, I just believe housing to be over valued at the moment. I would prefer to buy gold now and housing later so I can get money houses for my money.
> Do you see what we are talking about as true?
yes collapse coming soon

>>7587363
>austrian school
Ah. The esoteric I-told-you-so branch of Economics and its essence aka a Pretentious Pseudo-Science

Mr GoldTripFag, are you saying I actually need to own gold physically in my posession? Or am I okay putting it into a gold ETF?

>>7584158
the market has already gone south everywhere except vancouver. west coast is still frothy because it's closer to asia, the weather is better, and the general populace is more cucked.

>>7587478
>22
>dissertation about miese
>reads hartgeld.com and thinks a new monarchy will save us
>thinks with an ounce of gold he will buy a house after "the happening"
>parents think he is insane since quite some time
lel, retard

>>7588425
Thank you Anon, i have also been worried for a while myself, it is not an if but when, but i though hey, lets ask this pajeet sitting in an office earning 1cents per comment to shill hillary clintons 2016 presidential run. = )
I do agree on your statements, makes me *feel* smart
Best of Luck Anon

>>7588496
>dissertation about miese
sorry mate, whats your dissertation on?
>reads hartgeld.com and thinks a new monarchy will save us
???
>thinks with an ounce of gold he will buy a house after "the happening"
I have 1,550 ounces of gold, im buying 160 more some time this week
>parents think he is insane since quite some time
Parents have invest based on my advice and made great returns, parents have now put money into gold based on my advice

>>7584450
canadian citites are fugged. our innawoods will be the comfiest for the longest

>>7588481
>the general populace are more stoned to care.
Here fixed for you
Canada might be your best bet, considering out of all the Anglo nations, they are the most receptive to Chinese investment.

>>7588471
Keep it physically hidden in your possession, along with some fiat reserves.
Reason being any laughable 'Gold account' and any ETF would immediately vanish, once the banks/exchanges run out of liquidity.

>>7588558
>it is not an if but when
basically this

Best of luck!

>>7588617
When I see a Haval being sold around my general area or some other Chinese car or other cars like it, that is the signal

>>7588606
>Reason being any laughable 'Gold account' and any ETF would immediately vanish
Take what im about to say with a grain of salt because we are now entering the relm of conspiracy. The rate at which gold changes hands on the commodity exchange you mean every ounce of gold ever mined changes hands something like every week and a half, gold is a long term investment so this has to be false. Gold experts estimate that etfs over state the ammount of gold they have by between 4-400 times, meaning an ounce of gold held on paper has between 4 and 400 owners who all think it is theirs. There are no hard facts to back this up but I think if you research into it you will be very interest in to what you find.

End of the day, possession is 3/5th of the law, if you don't hold it you don't own it and these etfs have clauses where they can close your position and pay you out in worthless fiat.

>>7588617
do you have any recommendations on purchasing gold? Coins?
i don't have any ATM, but from what i see it has never been cheaper, in terms of purchasing power.

>>7588712
Another advantage that Gold has over the USD is that it can be sold to a wider range of countries and converted to a greater range of currencies than the Dollar.
Useful when you are not planning to go down with the ship

>>7583976
We are just as fucked once lenders start reviewing mortgages. Some people probably already don’t even technically debt service their HELOCS and the like because of increasing rates.

And once house prices start to bleed heavy panic will ensue as LTV ratios get ass fucked.

>>7588730
What gold you buy depends on where you live, Im in the UK so I only buy Gold 1ounce brittanias as they are capital gains tax free. Don't buy any numismatic gold (old rare coins etc) just buy what ever you can find that is closest to the spot price (you always have to pay a bit over spot price but lower is best) this will likely take the form of bars.

>>7588789
considering that during golds last massive spike it wasn't available to investors in china etc this time will be bigger

>>7588803
heres a meme I made the other day, a rise in interest rates will fuck things up. The world is at unprecidented levels of debt now.

>>7588827
If I was you and holding a UK passport, I would consider permanently relocating to the Caymans or another more remote locate

>>7588789
stupid fun fact that you might know, the word 'dollar' is a measurement

Coinage Act of 1792 authorizes "Eagles — each to be of the value of ten dollars or units [i.e., of ten silver dollars], and to contain two hundred and forty-seven grains, and four eighths of a grain of pure … gold." Since the dollar contained 371.25 grains of silver, this brought into legal equivalence 3712.5 grains of silver and 247.5 grains of gold. The ratio was 1:15.

>>7588908
sounds like a great idea, but im not sure its that easy to do. People from the caymans can come to the UK to live but I don't think you can do it the otherway round with out lots of paper work although I may be wrong

>>7583816
I hope so.

>>7588938
https://youtu.be/EL20eX1v9XA?t=2m10s

>>7588827
>Gold 1ounce brittanias
Thx i am a UKfag

>>7589061
Definitely Brittanias then (or soverigns but there less economical) as they pay no capital gains (they are technically legal tender). Don't buy gold today if you going to buy, the price is up today on Brexit Fud

>>7588958
Then consider a yacht