/biz/ - Business & Finance

>>7855233
it won't. America has so much influence and power, that if it ever came close to that, they'd drop a nuke somewhere and start world war 3 and 4 back to back.

it will go like this
1) due to the insane level of borrowing the Fed is doing to finance their debt ( making it bigger inflation will rise ALOT
2) this is not helped by the fact that Trump is adding to the budget deficit by cutting taxes while increasing military spending
3) to curb inflation, fed will have no choice but to raise rates
4) this is basically the end, as US govt has $20 trillion debt now, but it is getting by due to low interest rates. If they go to 8-10%, they will not be able to pay it
5) dollar collapses, americans cant pay their mortagages, car loans etc due to insane interest rates couple with a weak dollar

so id say as soon as the fed raises rates anywhere above 5%, its over

>>7855278

>>7855233
McAfee predicted this.

>>7855345
whats their end game? this would cause a world wide depression, and civil war if everyones assets become worthless

>>7855345
also you are saying that the Federal Reserve is literally what controls America, and the Worlds financial markets

>>7855507
push socialism even further, to accelerate the decline of western civilisation.

I believe this because after the incoming mega recession, i think capitalism as a whole will be blamed ( when in fact this is a result of CRONY capitalism ) and a socialist like sanders will win in 2020 unopposed. Republicans will lose ALL credibility as they have been bigging up the fact that the stock market success is due to them, but now cracks are beginning to show

>>7855669
If communism or socialism is the end game..crypto will be worthless if you can buy it with dollars. You can't really believe that they will let the cryptofags retain their wealth.

>>7855764
crypto will tank, just as everything else will. You know in 2008 the US debt was sub $10 trillion, it is now over $20 trillion. This recession will be INSANE, people will pull money out of all assets , ESPECIALLY speculative ones like crypto in order to feed their families

>>7855764
American savings rate at a 10 year low. Auto debt at an all time high. Mortgage debt all time high. The average american is going to be slaughtered by this recession

>>7855888
What the fuck would they pull out into? USD? Fiat value will drop by >50%

>>7855669
I didn't know Peter Schiff goes on 4Chan

>>7856222
Schiff is a fucking shill. He just wants investors to buy his mutual funds which consist of international bonds and shitty gold mines

>>7855233
>implying the dollar crashing wouldn't destroy the entire world economy
you faggots need us more than we need you

>>7855233
>America defaulting
It will never happen dipshit.

>>7856314
in 2020 interest on the debt will be 1 trillion a year. Thats just interest. How the fuck can anyone pay that?

>>7856347
ITS NOT REAL FAGGOT HOLY SHIT YOURE DUMB

How do we prepare?

If people will be cashing out of everything into Fiat (I don't fully understand this as fiat will become virtually worthless)... someone help?

>>7856309
of course the dollar collapse would destroy the world economy. There would be massive wars, food shortages etc. This next collapse will be about Robbing the middle class of all their wealth. 2008 was just a test run

>>7856222
schiff predicted 08, and he will be right again. All the causes of the 08 crash are present once again, but on a far, far larger scale

kek

>>7856400
you cannot prepare, other than use your money now for things that have real value. Supplies, and basic necessities..Maybe some land

>>7856431
yeah a broken clock is right twice a day. A 10 year old can predict a crash is coming. The question is if we will default on the debt which means a dollar collapse..or will there be another round of Quantitative easing, which would drive the debt to 30-40 trillion.

>>7856473

Artificial contracts representing land ownership will become invalid when the dollar collapses.

>>7856400
buy gold now. It will tank initially, like everything else, just like in 08. But the point is it will tank less, and then proceed to hit ATHs just as it did in the years following 08.

If we manage to recover , then gold will decline while the stocks rise. So sell gold for stocks if you see recovery signs

If we dont recover and truly descend into chaos, then even gold will not save you. Only thing you will need is ammunition and basic supplies as the other anon said

>>7856560
not if the land is owned outright. but if things got real bad, they could declare eminent domain

>>7856520
that cycle cannot continue forever, and you know it. Maybe you are right, but all it will mean is when the actual recession hits, it will just be worse

>>7856570
I live in London, UK.

I can be arrested for firearms charges for just having hairspray used as a self defence tool.

>>7856601
to be honest I dont think we will get to doomsday scenarios, so the ammunition and supplies scenario probs wont happen. I think it will just lead to mass unemployment and a resurgence of socialism

But if it does, then you are fucked im afraid

>>7855345
The government can never pay it's debts you fag it all a slow milking you retard.

>>7856595
it can't continue forever. They will try another round of low interest and QE when the crash hits..The economy will remain floating for a short time and then sink under severe stagflation.

>>7856725
pajeet, at least try to use English

>>7855608
yes

>>7856736
Fuck off kike we all know that the government can never pay it's debts and has to take a loan to pay the previous loan. We all know how you ((banking system)) works.

>>7855233
Lol central banks are some of the best inventions of mankind. Money is not the value for which goods are exchanged, but by which goods are exchanged. Gold is only worth what the market values it at

>>7856729
1.????
2.????
3.crash
4.????
5.power structure changed from us oligarchy

unlikely there will be carnage in the streets

>>7856852
you're a dumb mutt

>>7856059
gold maybe?

It can't go bust.
It's a zero sum game between givernments and banks.
I owe you you owe me situation, where we comunicate through a hired pajeets (all of us) and we both agree to increase the debt supply and keep paying the help the same or less...

>>7858169
The people don't fight back like we used. Demanding that we be treated fairly. It was easier then when you didn't have a military industrial complex at its peak. What's done is done. 1913 was a virus and viruses eventually die.

>>7855920
Sounds like an ideal situation for a civil war. Can't wait to watch it from across the ocean sitting on my stacks of silver and gold. Comfy as fuck.

>>7856955
>gold feeds families
>brb feeding my baby some 20 karat gold

>>7855278
This. The US will start WW3 when it wants to.

>>7858169
It can and will go bust. It will be worldwide right in line with the continued cooling of the planet and crops losses and famines. Lol. DYOR its coming. Grand Solar Minimum bud. Buy seeds that thrive in low light. Buy gold and silver and lead. Ha

>>7856794
hey Anon, sorry if you know, but check out the 'grace commission' very good read on where the taxes actually go!

>>7858304
You faggots will be in the same situation or worse, the dollar is the worlds reserve currency..not to mention you will have to weather hordes of immigrants, and china/russia looking to expand

>>7855764
this "socialism" you speak of is not real socialism in essence -> state,country sponsersed socialism, which isnt socialism. it's national socialism - hence nazis

>anti-federal reserve circle jerk
>both far Right and Left
>runs almost entirely on conspiratorial thinking and Dunning-Kruger effect

One day you shills will reach too far and deaf words will fall on dumb masses. Remember this.

>>7858421
no shit, china is dropping the dollar and oil as its reserve currencies and switching to gold this year

>>7858448

>China
>Going back to gold standard

Even they aren't that dumb, but if they are then there exists a blueprint for robbing their treasury. Ask France.

>>7858371
Yeah but I can buy your mum with my gold bars.

>>7858621
You won't buy shit britbong. Africans will be balls deep in your tight trap asshole

>>7855278
no such thing as nukes

>>7856591
You don't own land if you pay tax on it. You are a renter, a serf.