https://www.cnbc.com/2018/07/24/southern-california-home-sales-crash-a-warning-sign-to-the-nation.html so if this does start the ball rolling to what happened a decade ago how do I profit off it? I have very little in liquid capital at hand. how are you going to profit off of this?

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Anonymous Wed Jul 25 00:39:31 2018 No.10409852 [Reply] [Original]

https://www.cnbc.com/2018/07/24/southern-california-home-sales-crash-a-warning-sign-to-the-nation.html

so if this does start the ball rolling to what happened a decade ago how do I profit off it? I have very little in liquid capital at hand.

how are you going to profit off of this?

>>	Anonymous Wed Jul 25 00:41:05 2018 No.10409872 >thumbnail

>>	Anonymous Wed Jul 25 00:41:59 2018 No.10409885 >>10409852 I am going to scoop up a house on the cheap on this epic BTC bullrun.

>>	Anonymous Wed Jul 25 00:42:04 2018 No.10409887 >>10409852 >I have very little in liquid capital at hand. You don't. The best you can hope for is to save and survive.

>>	Anonymous Wed Jul 25 00:42:05 2018 No.10409888 just wait; there will be good deals. lots of people are trying to sell

>>	Anonymous Wed Jul 25 00:43:36 2018 No.10409912 The Stock Market Collapse is going to be worse than 2008-2009 This is going to send BTC and altcoins to MARS The Elite is going to throw everything upon Trump

>>	Anonymous Wed Jul 25 00:45:23 2018 No.10409933 File: 16 KB, 200x200, DAFC647D-4890-42A2-886C-CEAE85F82AD9.jpg [View same] [iqdb] [saucenao] [google] >>10409912 >This is going to send BTC and altcoins to MARS

>>	Anonymous Wed Jul 25 00:47:44 2018 No.10409970 >>10409912 it's not please don't bet on that. just do your self a favour and short companies.

>>	Anonymous Wed Jul 25 00:51:31 2018 No.10410012 Sales went down because prices are too high, looks more like market equilibrium than a crash to me.

>>	Anonymous Wed Jul 25 00:52:29 2018 No.10410022 There will be a lot of cheap forclosed homes. If you have the backing to pay for the property tax and can wait for the market out. You will have loads of property to sell. Of course, no one knows how long this market crash will last.

>>	Anonymous Wed Jul 25 00:54:14 2018 No.10410040 File: 69 KB, 506x519, 1509333173957.png [View same] [iqdb] [saucenao] [google] The end is near.

>>	Anonymous Wed Jul 25 00:54:55 2018 No.10410045 >>10409852 LMAO!

Anonymous Wed Jul 25 00:56:14 2018 No.10410060
File: 327 KB, 960x640, 1531678785275.png [View same] [iqdb] [saucenao] [google]

It's right in the title.... southern California...place is a immigrant over run shithole, no one wants to live there...when they have to close beaches after it rains because so many needles wash on shore you know it's time to move...look at Texas and Oregon... getting overrun by Californians, not enough housing in the surrounding areas for the California Exodus

>>	Anonymous Wed Jul 25 00:57:45 2018 No.10410081 File: 3.34 MB, 523x523, 1526699580201.gif [View same] [iqdb] [saucenao] [google]

>>	Anonymous Wed Jul 25 00:59:20 2018 No.10410097 >>10410012 an equilibrium in this market will cause a crash.

>>	Anonymous Wed Jul 25 01:13:09 2018 No.10410240 >>10409852 desu wont affect rest of the country

>>	Anonymous Wed Jul 25 01:14:44 2018 No.10410257 File: 22 KB, 309x282, 8A4F7C2B-26AF-4BE5-A616-AE315400C065.jpg [View same] [iqdb] [saucenao] [google] >>10409852 >housing warning >housing crash >full scale panic >stock market crashes >mad max 3 >everyone starves on the streets I am so erect

>>	Anonymous Wed Jul 25 01:17:31 2018 No.10410279 File: 3.43 MB, 320x352, 1521871912709.gif [View same] [iqdb] [saucenao] [google] >>10409912 >poorfags have no money to dump into crypto >richfags would rather reinvest into something more stable until its over to go back in market crashes we all crash

>>	Anonymous Wed Jul 25 01:22:12 2018 No.10410325 No crash here in SD. Prices are still going up. - Licensed CA Realtor

>>	Anonymous Wed Jul 25 01:24:00 2018 No.10410346 Just read the article. The nimber of homes sold has gone down. Can confirm little inventory here in SD. Driving prices up.

>>	Anonymous Wed Jul 25 01:25:00 2018 No.10410354 do the opposite

>>	Anonymous Wed Jul 25 01:26:12 2018 No.10410372 >>10410325 I guarantee you eat those words by October. Capped

>>	Anonymous Wed Jul 25 01:30:27 2018 No.10410416 >>10410372 Something has to happen since it is so unaffordable here. I don't see a ceash but maybe a slight correction. That all goes out the window if the stock market shits the bed or we get into a war.

>>	Anonymous Wed Jul 25 01:30:49 2018 No.10410422 >he isn't selling his house, going all in btc, then rebuying after btc bullrun and simultaneous housing crash Never gonna make it

Anonymous Wed Jul 25 01:32:15 2018 No.10410440

>>10409912
If the market crashes most people will be rushing to sell their bitcoin, probably at a discount, in order to cash out more quickly for bills or investment opportunities.

Imagine if the ETF passed but the market had already imploded-how much institutional/personal money would there be afterwards dedicated towards crypto investment?

>>	Anonymous Wed Jul 25 01:32:17 2018 No.10410441 >>10409885 >70% down since ATH Let's talk once we recovered

>>	Anonymous Wed Jul 25 01:40:13 2018 No.10410495 >>10410440 >cashing out in a financial crisis Only ones who will do that are newfags in crypto, the rest of us remember how crypto began and are wary of another Greece style haircut.

>>	Anonymous Wed Jul 25 01:40:45 2018 No.10410499 >>10409852 I don't believe this is the start of a crash. Just because people are buying less expensive houses doesn't mean the entire market crashes. It just means the sellers need to lower the price to sell the house or sit on the house.

>>	Anonymous Wed Jul 25 01:42:01 2018 No.10410510 File: 76 KB, 785x562, 1523885221803.jpg [View same] [iqdb] [saucenao] [google] >>10410499 Fucking brainlet

Anonymous Wed Jul 25 01:43:34 2018 No.10410522

>>10409912
>This is going to send BTC and altcoins to MARS
Not while you still can't buy most things with BTC. Even gold and the like don't prosper during economic downturns, they just don't fall as far as other markets. People go for fiat because nobody expects a complete economic collapse and they want money they can spend, even if it's not the wisest long term decision.

Anonymous Wed Jul 25 02:03:25 2018 No.10410665

>>10410495
That's what I mean though.
Most people who will be coming in through ETF's will be crypto newfags. You think if things go to shit people are going to ask their financial managers to go big on BTC to ride out a crisis? Remember boomers still have a majority of the wealth in the country and anyone 30-55 (maybe 60) with cash is going to pick up over-leveraged properties for cheap and sit on them until the market eventually recovers which is generally about 10 year or so.

>>10410416
Question for you. Do higher end properties (not price but actual quality) fall as hard (relative/absolute) during housing downturns?

Anonymous Wed Jul 25 02:08:54 2018 No.10410717

Did anyone bother to read the article? They are saying home sales volume decreased, but that was mainly due to supply constrictions. Prices of homes actually increased. I hope it does crash though so I can finally afford to buy something here in the bay area. A 650sqft house with no backyard costs 1.1M here.

Anonymous Wed Jul 25 02:13:31 2018 No.10410763

>>10410717

No chance. I grew up in Palo Alto and remember when single family homes were 600-700k back in 2000-2005 period that are now 3-4 million. Thank god my parents own 2 houses. I don’t think I could buy one even if I am partner at a VC firm now.

>>	Anonymous Wed Jul 25 02:27:28 2018 No.10410898 >>10410665 It'll go down a bit but not crash all that far. Elder whales will have the majority of bitcoin for the foreseeable future, not institutions.

>>	Anonymous Wed Jul 25 02:31:46 2018 No.10410935 File: 122 KB, 800x720, A2D7CD98-64B4-40AC-BC8E-4ACF1DE5C346.jpg [View same] [iqdb] [saucenao] [google] >>10410898 Not after the government steps in to “stabilize” bitcoins.

Anonymous Wed Jul 25 02:34:49 2018 No.10410963

>>10410717
Where are you looking? North Bay has plenty of somewhat affordable homes (at least past Marin). It can be kind of boring depending on what you're into, but you can get still single family homes for $500k-$700k--the post-fire mania seems to have subsided so it's not being bidded over by $200k anymore, rents relaxed, etc. Might be some lots too if you're the building type.

>>10410763
Agreed. Parents paid ~$650k and it's something like $1.8m now? Grandparents did even better- $40k in the 1950s and it's now pushing $3.6m or something. Tons of Chinese buyers in the neighborhood too, people are even listing the ending prices in 8's to attract them.

>>	Anonymous Wed Jul 25 02:44:27 2018 No.10411042 >>10410060 Yes, there are good places like where I live, but you need about a million to buy a real house. I will definitely be moving when I find a hot blond to settle down with.

>>	Anonymous Wed Jul 25 02:46:18 2018 No.10411057 >>10410935 >governments attempting to step in to "stabilize" bitcoin Are you stupid? That would just remind everyone even more of Greece. They can't successfully seize what's in private wallets.

>>	Anonymous Wed Jul 25 02:47:59 2018 No.10411080 File: 51 KB, 614x960, 23376581_1421469347951890_8345850318232454193_n[1].jpg [View same] [iqdb] [saucenao] [google] Wow about time

>>	Anonymous Wed Jul 25 02:49:47 2018 No.10411096 >>10410963 >5k salary back then...now 100k plus salary. Mhm

>>	Anonymous Wed Jul 25 02:51:21 2018 No.10411116 File: 127 KB, 1024x768, ZnZVKCv1Up_1394564821367.jpg [View same] [iqdb] [saucenao] [google] >>10411057 nothing personal, kid

>>	Anonymous Wed Jul 25 02:51:41 2018 No.10411120 >>10410060 Too fucking true, anon. Califucktards, please stop moving to Austin, Tx. We're too laid back for your inflated egotistic self righteous megalomania. Try Dallas instead.

>>	Anonymous Wed Jul 25 02:55:36 2018 No.10411158 >>10411120 it's not going to stop sorry anon, just warning you

Anonymous Wed Jul 25 03:01:17 2018 No.10411197
File: 24 KB, 450x450, Mateen Gun.jpg [View same] [iqdb] [saucenao] [google]

>Market crashes
>people panic
>see that Bitcoin and Alts are all steady
>people want to protect there money
>They pour it into crypto
>we hit 500k per BTC
BOYS WE FUCKING DID IT. WE FUCKING DID. THIS IS IT. SCREEN CAP THIS. THIS IS FUCKING IT.

>>	Anonymous Wed Jul 25 03:14:43 2018 No.10411295 File: 35 KB, 300x413, 1247990175819.jpg [View same] [iqdb] [saucenao] [google] >>10411120 Can I just buy houses and turn them into airbnb rentals then Anon? >>10411116 Realistically, how can the government regulate BTC into oblivion?

Anonymous Wed Jul 25 03:20:04 2018 No.10411327

>>10410346
>The supply of homes for sale increased annually in June for the first time in three years, according to the National Association of Realtors, but sales fell for the third straight month.
yeah, maybe you should read the fucking article yourself

>>	Anonymous Wed Jul 25 03:24:04 2018 No.10411350 >>10411197 why not just buy gold?

Anonymous Wed Jul 25 03:24:45 2018 No.10411355

>>10409852
I'm going to wait for the crash to take place, then when I feel like it's gone far enough in the crash, I'll wait a little more because the Bogs are gonna rek normies that are trying to capitalize off the first major sign of relief.
This will be worse, but the stock crash wont last as long. That's what my gut says, because a lot of people have been saying they're waiting for the next crash.

Anonymous Wed Jul 25 03:29:19 2018 No.10411375

>>10411295
Aren't you already doing that? Buying 4 houses in Texas with the cash from selling 1 in Cali...then leasing them out at above average rent so only the ass-hats from New York can afford it when they move here turning Austin into this sociopathic den of spoiled hipsters.

>>	Anonymous Wed Jul 25 05:06:21 2018 No.10412009 File: 28 KB, 758x769, 1531905396039.png [View same] [iqdb] [saucenao] [google] >>10409933 Das rite, we goin to za sky n' shieet.

>>	Anonymous Wed Jul 25 05:11:26 2018 No.10412040 maybe no one wants to live in so cal anymore with all the niggers and spics?

>>	Anonymous Wed Jul 25 05:16:24 2018 No.10412062 >>10410440 >>ETF passed >>Thinks the timing for approval of BTC ETF's is not manippulated as well by the goverment. Kek

>>	Anonymous Wed Jul 25 05:18:53 2018 No.10412073 >>10410440 BTC was created because conventional markets crashed, you dumb summer f@g

>>	Anonymous Wed Jul 25 05:35:05 2018 No.10412123 File: 43 KB, 673x176, Capture.PNG23.png [View same] [iqdb] [saucenao] [google] >>10411057 they can and have seized private wallets. Say goodbye to your meme money. Stupid cuck

>>	Anonymous Wed Jul 25 06:30:25 2018 No.10412418 >>10411057 >implying the federal reserve won't replace tether in regards to printing currency to buy bitcoin with

>>	Anonymous Wed Jul 25 06:35:20 2018 No.10412444 >>10409852 you doomfags just display your lack of understanding of the global economy and what actually caused 2008 with threads like this go back to first year first semester economics 101 class

>>	Anonymous Wed Jul 25 07:08:46 2018 No.10412629 >>10409885 This. Feels like I'm cheating life.

>>	Anonymous Wed Jul 25 07:43:44 2018 No.10412857 >>10409912 This

>>	Anonymous Wed Jul 25 09:47:07 2018 No.10413796 >>10411116 >a silk road account is a private wallet How do you manage to walk and breathe at the same time?

Anonymous Wed Jul 25 09:49:25 2018 No.10413823

>>10411295
>Realistically, how can the government regulate BTC into oblivion?

Who cares? Demand and supply. If nobody accepts crypto as a payment methode, then for what exact reason would you need that whole shit crypto hype?

Private blockchains are already developed by the big enterprises themselves. No need for your shitcoin turtle projects.

>>	Anonymous Wed Jul 25 09:52:34 2018 No.10413862 Please crash, i would love to buy an apartment in NY, maybe Miami or even LA.

>>	Anonymous Wed Jul 25 09:56:30 2018 No.10413900 >>10410522 this. fucking this

>>	Anonymous Wed Jul 25 09:57:01 2018 No.10413902 Explain this to a retarded person. If the housing market crashes doesn’t that mean I can get a cheap house? Or does it fuck with other stuff such as making other goods more expensive, lower wages, less houses on the market etc.

Anonymous Wed Jul 25 09:57:16 2018 No.10413906

>>10412123
Only if they have access to the private keys or the seed to recover them, though. If someone was doing some sort of illicit shit, they would be stupid to keep either of these at their residence. Instead, put most of it in a cold store wallet, then bury the keys in the woods in a cache or something, for retrieval when you need to cash out when the heat is low.

Anonymous Wed Jul 25 10:09:06 2018 No.10414030

>>10413902

If you have a lot of cash liquid, then yes.

Everything contracts (except certain commodities).

Businesses that don't run on sales, but potential, crater. People lose their jobs, which means they can't afford to buy shit, pay their bills, they lose their homes, etc.

If all you're capital is leveraged in assets, then you need to time the market and be able to determine if it's just a small correction, or the big one.

>>	Anonymous Wed Jul 25 10:10:33 2018 No.10414045 File: 431 KB, 459x522, ppp5.png [View same] [iqdb] [saucenao] [google] >>10409912 >and altcoins

Anonymous Wed Jul 25 10:11:35 2018 No.10414053

>>10410522
>Not while you still can't buy most things with BTC
But you can.

>People go for fiat because nobody expects a complete economic collapse and they want money they can spend, even if it's not the wisest long term decision.

Because they are the retards that get their ass bailed out

>>	Anonymous Wed Jul 25 10:12:01 2018 No.10414060 File: 97 KB, 1660x1148, trumpcoin500eoy.jpg [View same] [iqdb] [saucenao] [google] >>10409912 Thinking he does not count with that already What is trumpcoin?

>>	Anonymous Wed Jul 25 10:12:37 2018 No.10414068 File: 38 KB, 652x682, ppp3.png [View same] [iqdb] [saucenao] [google] >>10412123 >they can seize an electrum seed stored in your head worth $billions

>>	Anonymous Wed Jul 25 10:13:22 2018 No.10414081 >>10409852 >screen cap this The crash will only affect the coastal areas that benefited from the Obama recovery.

>>	Anonymous Wed Jul 25 10:14:59 2018 No.10414095 >>10410665 ETFs, Futures and other government nonsense doesn't matter. You only matter in as much as you are holding BTC. Coping mongs are still using fiat (a defact clusterfuck of unpayable debt) to value BTC.

>>	Anonymous Wed Jul 25 10:16:22 2018 No.10414111 >>10412040 Unironically this. Living next to wetbacks with their loud music and 50 kids to a 1 bdr apt makes me want to blow my brains out

>>	Anonymous Wed Jul 25 10:16:59 2018 No.10414121 File: 85 KB, 1920x1080, gimme_keys_kek.jpg [View same] [iqdb] [saucenao] [google] >>10414068 gimme dem keys.

>>	Anonymous Wed Jul 25 10:29:28 2018 No.10414234 >>10414053 >But you can But why would you? Isn't that like using stock to buy groceries? Why would I exchange a piece of something I feel is going to rise, rather than fiat, which I feel will decrease in value?

>>	Anonymous Wed Jul 25 10:32:09 2018 No.10414251 >>10410325 >please buy this used house sir

Anonymous Wed Jul 25 10:33:46 2018 No.10414263

>>10409852
yeah we are late-cycle. crash or recession is coming. all hard data is showing shit signs also, in US and EU (even china is slowing) so yeah that was fun while it lasted 1 year of growth, great system. now back to 5-10 of misery (for some) because central banks can't save you this time

>>	Anonymous Wed Jul 25 10:37:36 2018 No.10414289 File: 403 KB, 768x768, 1532203929480.jpg [View same] [iqdb] [saucenao] [google] >>10411116 >2nd American Civil War breaks out >Lose/Lose/Lose situation for FEDs Nothing personal.

>>	Anonymous Wed Jul 25 10:39:01 2018 No.10414304 >>10414263 GB and GV doesn't even wanna save ppl anymore >Bail-in Fun time is ahead, lock your gains in and enjoy the party

Anonymous Wed Jul 25 10:40:27 2018 No.10414311
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>>10411120
Carpet Beggars are heading out of California - they're not real Californians.

Californians are rooted plants that never leave - these faggots were in New York or the North-West before ruining my state - now they're heading your way.

My dads side arrived in 1602 and my moms side in the 1880's - I'm not leaving.

>>	Anonymous Wed Jul 25 10:45:21 2018 No.10414346 >>10410060 I live in Texas. Californians please leave, you're causing everything to be more expensive. I just want to enjoy my state :(

>>	Anonymous Wed Jul 25 11:25:34 2018 No.10414717 >>10409852 >wanting a house surrounded by Mexicans No thanks.

>>	Anonymous Wed Jul 25 11:35:07 2018 No.10414835 >>10414095 btc doesnt scale and LN wont work.

>>	Anonymous Wed Jul 25 11:38:52 2018 No.10414872 >>10414263 good. the market needs to correct. theres no reason why a 1 bedroom cuckshed should cost $100k.

>>	Anonymous Wed Jul 25 12:10:06 2018 No.10415212 >>10409852 Turns out nobody wants to continue paying out the ass to live among Mexicans.

>>	Anonymous Wed Jul 25 12:12:07 2018 No.10415244 >>10414835 Irrelevant for a reserve currency.

>>	Anonymous Wed Jul 25 12:13:00 2018 No.10415254 File: 183 KB, 700x525, Fuck Off.jpg [View same] [iqdb] [saucenao] [google] >>10411350 b-but it's d-digital gold. They said digital gold. Gold is gold r-right?

>>	Anonymous Wed Jul 25 12:15:15 2018 No.10415283 Once the market corrects, RE prices falls it won't be the americans buying houses up. The Chinese and indians will start buying it all up at discounted prices.

>>	Anonymous Wed Jul 25 12:16:35 2018 No.10415297 File: 62 KB, 600x338, 600px-MSGO_M01_16.jpg [View same] [iqdb] [saucenao] [google] >>10410060 >>10411120 >>10414346 >Samefag/shill detected Go homu, paid shills

>>	Anonymous Wed Jul 25 12:26:43 2018 No.10415429 >>10415244 enjoy what time you have left, anon...

>>	Anonymous Wed Jul 25 12:33:25 2018 No.10415527 >>10415429 Go to bed, Roger. >>10414234 Exactly, you use shitty money to buy things, good money to store value.

>>	Anonymous Wed Jul 25 12:34:27 2018 No.10415539 File: 53 KB, 645x729, brain.png [View same] [iqdb] [saucenao] [google] >>10411350 Because you will get stopped on every border you tried to cross while carrying it.

>>	Anonymous Wed Jul 25 12:34:45 2018 No.10415546 >>10415244 Ok sir that will be 0.003 btc >sure judt let me send that to you Uh oh. Looks like the memepool is backed up. Guess youll have to wait a month for this tx to clear.

>>	Anonymous Wed Jul 25 12:35:52 2018 No.10415556 >>10415527 Ans this will be the reason why bitcoin will never be used as a currency.

>>	Anonymous Wed Jul 25 13:33:41 2018 No.10416336 >>10415556 It will via second layer solutions. I couldn't care less if it doesn't tho. $21 trillion marketcap due $21 trillion default on unpayable fiat cluterfuck will happen with or without tyrone buying KFC with BTC.

>>	Anonymous Wed Jul 25 13:37:30 2018 No.10416400 >>10416336 The debt will be forgiven. China is already investing all of their money into the US. They know whats coming. Start listening to more peter zeihan and less alex jones.

>>	Anonymous Wed Jul 25 14:20:44 2018 No.10416992 >>10410060 these Californian fuck heads have completely ruined Oregon in the last 5 years. They should be sent to Venezuela where they can fit in with their commie loving brethren. Fuck em all

>>	Anonymous Wed Jul 25 14:26:31 2018 No.10417094 SoCal real estate agent here Southern California SFH’s are selling like crazy. Zero signs of slowing down or a crash. You guys thinking that are fucking morons.

>>	Anonymous Wed Jul 25 14:26:59 2018 No.10417101 >>10414095 FIAT is backed by the US army and nuclear weapons, btc is backed by... chinese graphic card factories that spew code for no useful reason

>>	Anonymous Wed Jul 25 14:29:06 2018 No.10417127 >>10415539 Gold chains, son

Anonymous Wed Jul 25 14:29:20 2018 No.10417135

>>10411120
Its not just Austin, basically every state has a problem with cancerous CA faggots. Colorado has been ruined by them. They leave their state because they turned it to shit, but then they do the exact same thing to wherever they move to. Fucking retards.

>>	Anonymous Wed Jul 25 14:37:53 2018 No.10417248 >>10409852 All cash chinks will be there to scoop up this "crash"

>>	Anonymous Wed Jul 25 14:38:32 2018 No.10417262 all these poor fags complaining about getting gentrified out of their neighborhoods. lol

>>	Anonymous Wed Jul 25 14:39:36 2018 No.10417284 >>10411350 Asteroid mining is priced in. We need unimpeachable virtual scarcity to store value against inflation. Art and BTC.

>>	Anonymous Wed Jul 25 15:25:28 2018 No.10417875 >>10412418 aka ripple?

>>	Anonymous Wed Jul 25 16:06:53 2018 No.10418425 File: 191 KB, 671x1004, MuhSafeHaven.jpg [View same] [iqdb] [saucenao] [google] >>10417127 Good luck.

>>	Anonymous Wed Jul 25 16:08:22 2018 No.10418445 File: 1.74 MB, 177x150, cage.gif [View same] [iqdb] [saucenao] [google] >>10417101 >muh army >muh nukes

>>	Anonymous Wed Jul 25 16:09:35 2018 No.10418472 >>10416400 >The debt will be forgiven KEK. That's not how the world works. Start listening to more Martin Armstrong and less literally whos.

>>	Anonymous Wed Jul 25 16:23:55 2018 No.10418676 >>10409852 about fucking time chinks dump housing in CA >CA tax payer

>>	Anonymous Wed Jul 25 16:33:23 2018 No.10418786 >>10418472 lol we have the most powerful military in the history of the world and we have all the resources too. you think we give a fuck about that debt.

Anonymous Wed Jul 25 16:34:22 2018 No.10418798

>>10418472
This guy?

>In 1999, Japanese fraud investigators accused Armstrong of collecting money from Japanese investors, improperly commingling these funds with funds from other investors, and using the fresh money to cover losses he had incurred while trading. US prosecutors called it a $3 billion Ponzi scheme.
>Allegedly assisting Armstrong in his scheme was the Republic New York Corporation, which produced false account statements to reassure Armstrong's investors. In 2001, the bank agreed to pay US$606 million as restitution for its part in the scandal.
>Armstrong was indicted in 1999, and was ordered by Judge Richard Owen to turn over $15 million in gold bars and antiquities bought with the fund's money; the list included bronze helmets and a bust of Julius Caesar. Armstrong produced some of the items, but claimed the others were not in his possession; this led to several contempt of court charges.
>Armstrong was jailed for seven years under contempt of court, until Armstrong reached a plea agreement with federal prosecutors. Armstrong admitted to deceiving corporate investors and improperly commingling client funds in a case that prosecutors said resulted in commodities losses of more than $700 million. >Armstrong was then sentenced to five years in prison. He was released from Federal custody on September 2, 2011, after serving a total of 11 years in jail.

Anonymous Wed Jul 25 17:09:19 2018 No.10419251

>>10418786
There is no "we". The USD is fucked, irrespective of your opinion or what you think you have. The elite (council of 13) need a neutral asset, and Bitcoin is the schelling point, as it is the closest to Jonh Nash's Ideal Money. You are betting against the highest IQ's by not owning BTC.

>>10418798
He is wrong in many fields but he is right in regards to how USD is fucked, so yes.

>>	Anonymous Wed Jul 25 17:31:48 2018 No.10419584 File: 33 KB, 615x410, Donald-Trump.jpg [View same] [iqdb] [saucenao] [google] >>10417094 kek must be your first rodeo >muh new paradigm

>>	Anonymous Wed Jul 25 17:45:52 2018 No.10419776 File: 744 KB, 699x813, niggersgold.png [View same] [iqdb] [saucenao] [google] >>10414068 >

>>	Anonymous Wed Jul 25 17:59:47 2018 No.10419999 >>10410963 $400K minimum for 2/1 absolute junk out here in Martinez. That's only $1800/mo if you put down $100K. No way I'm touching this market out here, other than "muh weather" the quality of life is garbage in California.

>>	Anonymous Wed Jul 25 18:01:03 2018 No.10420014 >>10419999 >quads Yeah, 100% sure I'm ditching this meme state now.

>>	Anonymous Wed Jul 25 18:03:45 2018 No.10420064 >>10417094 >zero signs of crashing this untenable situation Just keep fueling the FOMO, salesdouche. And enjoy paying $1200/hr for a plumber in a few years.

Anonymous Wed Jul 25 18:08:19 2018 No.10420139

Home sales are slowing. Big name corporations are missing forecasts. This is after the government decides to print a trillion dollars a year, mostly to the 1%. Its so painfully obvious what they are doing. They are cashing out and buying w/e then can while fiat currencies have any value whatsoever.

This crash may be worse than 2008 but it won't be deflationary like 2008. It will totally different. Stocks and home prices won't fall, they will probably still go up. Because smart money is trying to get the fuck out of fiat. Prices of consumer goods are going to skyrocket. Food especially is going to skyrocket when the government can subsidize it after the dollar weakens. The bottom 90% poorfags, their wages might finally go up but they will be poorer then they have ever been before.

>>	Anonymous Wed Jul 25 18:10:11 2018 No.10420161 >>10410060 Background on the needles story ?

Anonymous Wed Jul 25 18:17:53 2018 No.10420297

>>10415546

Global reserve currency nigger. Either gold or Bitcoin, and Bitcoin is easier to transfer.

Globalists want a one world currency so nation states cant go full nazi hitler in 30'ies or present day usa again and have the capacity to cheatcode themselves out of the global financial system. Debtslaves for bitcoin eternal. And we are the martini lords.

>>	Anonymous Wed Jul 25 18:19:29 2018 No.10420325 >>10416400 Debt will be forgiven yes. But not before a hard reset and crash, which is our phat profit window to aquire hard asset with SOME of our btc's

>>	Anonymous Wed Jul 25 18:20:51 2018 No.10420352 It's just a correction. The housing market won't crash until people start missing mortgage payments.

>>	Anonymous Wed Jul 25 18:25:17 2018 No.10420411 >>10420139 you're not taking into account the deflationary collapse of most asset classes that's going to be caused by the demographic shift when boomers die and their estates get sold off

>>	Anonymous Wed Jul 25 18:44:49 2018 No.10420677 >>10419776 Only baldcels are at risk.

>>	Anonymous Wed Jul 25 18:47:16 2018 No.10420711 >>10420297 >>10420325 Finally someone else beside me posting in here understanding the game theory at play. Maybe there's hope. But most likely they will all end up with BTC, selling for whatever the fuck scam along the way.

>>	Anonymous Wed Jul 25 18:57:25 2018 No.10420884 If we crash china crashes too. Their debt situation already looks bubbly, and if US credit fueled demand drops they crash out due to export based economy. That said we need to stop those fuckheads from investing in residential real estate.

Anonymous Wed Jul 25 19:02:22 2018 No.10420952

>>10414835

We don't need poor people to be able to shop at Wal Mart with BTC. We just need it to securely store value and be able to transmit that value (generally large sums of money - only people who need to fuck with BTC have the money to need to diversify into multiple asset classes like metals, securities, real estate, Bitcoin).

the electronic cash meme is retarded; high coin turnover doesn't even help the price. poorfags buying coffee with BTC doesn't cause it to moon; Shiek Al Bin AZIZ buying 100 million BTC as a hedge does.

>>	Anonymous Wed Jul 25 19:03:51 2018 No.10420973 >>10414872 haha you wish you could get a 1 bedroom cuckshed in California. Here in the bay area that will cost you 1 million at the absolute minimum (or $2,500-$3,000 a month rent min)

>>	Anonymous Wed Jul 25 19:03:58 2018 No.10420978 >>10420297 >>10420325 Finally someone else beside me posting in here understanding the game theory at play. Maybe there's hope. But most likely they will all end up with 0 BTC, selling for whatever the fuck scam along the way.

>>	Anonymous Wed Jul 25 19:04:19 2018 No.10420980 File: 88 KB, 568x548, 1529212085225.png [View same] [iqdb] [saucenao] [google] >>10420952 >the electronic cash meme is retarded but its the future of money

>>	Anonymous Wed Jul 25 19:08:55 2018 No.10421034 File: 54 KB, 376x412, 1510859407949.jpg [View same] [iqdb] [saucenao] [google] >>10413823 >private blockchains

>>	Anonymous Wed Jul 25 19:15:13 2018 No.10421095 >>10409888 When do you think the housing prices will drop? I'm renting right now and my lease is up in January 2019. We were thinking about buying but hesitant because it seems like a lot areas are inflated.

>>	Anonymous Wed Jul 25 19:17:19 2018 No.10421130 >>10420952 without utility it has no value. and just being a glorified western union replacement isn't going to give it that much value.

>>	Anonymous Wed Jul 25 19:18:03 2018 No.10421139 >>10410060 I live in Vegas. We've been suffering from the Cali Exodus for the past 10-15 years. Housing going up so much I'm moving to the Midwest the moment I get the chance.

>>	Anonymous Wed Jul 25 19:20:09 2018 No.10421159 >>10410060 I wanted to move out to Austin or Colorado from the Midwest but I'm realizing it would be too expensive because those two places are already overrun with Californians. Feels bad.

>>	Anonymous Wed Jul 25 19:21:39 2018 No.10421179 >>10417101 The problem son is that if the US uses those nukes then the dollar is worthless in a post apocalyptic wasteland.

>>	Anonymous Wed Jul 25 19:23:51 2018 No.10421199 >>10415539 >what is gold up the bunghole.

Anonymous Wed Jul 25 19:24:41 2018 No.10421209
File: 2.69 MB, 952x8657, Thermodynamic oil hypercollapse.jpg [View same] [iqdb] [saucenao] [google]

The US, and to a lesser extent all economies have been literally energized by low oil prices in the wake of the 2014 cruse collapse, there is a year dealy +- a few months before the effect is seen, crude started going up about a year ago now the economic effect is slowing down

When the oil hypercrisis begins(2020) expect oil to reach anywhere from $120/barrel to $400/barrel depending on how central banks support the economy, after that expect economic collapse and human population correction of up to 95%

Anonymous Wed Jul 25 19:27:39 2018 No.10421243

>>10421209
This is also why Donald Trump is appeasing the Saudis(his Iran spaz attack) so they can pump more oil to keep prices low to prevent economic collapse, unfortunately everybody is already maxed out in production OPEC can MAYBE get a 0.5-1million bpd production increase

>>	Anonymous Wed Jul 25 19:29:00 2018 No.10421265 >>10421209 the only reason for oil to hit those is prices is a dethroning of the petro dollar coupled with commodity hoarding

>>	Anonymous Wed Jul 25 19:31:39 2018 No.10421308 >>10421209 >feeling like its smart because it discovered the peak oil meme that has been going around for 50 years It doesnt matter how many times they change the graphs it aint happening in our lifetime

>>	Anonymous Wed Jul 25 19:32:04 2018 No.10421312 >>10421130 who said it doesn't have utility? It doesn't need to be viable for microtransactions to have utility. I play poker and use to transfer money places and p2p all the time. It has utility right now.

>>	Anonymous Wed Jul 25 19:33:35 2018 No.10421327 >>10421312 it wont function if a lot of people start using it again. not without a block size increase. LN is a joke.

>>	Anonymous Wed Jul 25 19:36:38 2018 No.10421364 >>10413902 poor people get fucked and rich people get richer basically

>>	Anonymous Wed Jul 25 19:37:03 2018 No.10421370 >>10421209 Well, time for fusion power then.

Anonymous Wed Jul 25 19:37:24 2018 No.10421376

>>10421243

we have like 200billion barells in the permenian (texas) that can be extracted profitably with crude under $40 barrel using modern fracking techniques. The USA is about to be self sufficient when it comes to oil and energy. There is no crises coming.

Prices dropped in 2014 because the Saudis wanted to stop tar sand productions and kill other competing projects. They ended their role as the world's swing producer and just put out as much as they could crashing the prices rather than regulating supply to maintain a bottom price threshold as they had in the past.

Anonymous Wed Jul 25 19:39:31 2018 No.10421398

Everyone is moving away from California because of taxes, Jesus everyone here jut wants everything to collapse. Fixing piece of shit permabears like peter schif. You people have been wrong sine 2008. Shut the fuck up and worry about providing value instead of praying for crash just because you can’t make money.

>>	Anonymous Wed Jul 25 19:40:36 2018 No.10421410 >>10417094 SoCal resident here. shit's sitting on the market because every seller is asking 15% more than last year.

>>	Anonymous Wed Jul 25 19:42:18 2018 No.10421430 >>10421398 they are trying to spook the dumb money into crypto. the smart money is already out and it ain't coming back.

Anonymous Wed Jul 25 19:44:46 2018 No.10421461

>>10421376
Everything in your post is false

America produces 11 million bpd, they consume 18 million bpd, they are dependent on 7 million bpd of imports, this is easily proven by 30 seconds on google, american energy independence is a meme created by the media.

10 years ago SA was pumping out ~10 million bpd, today they are pumping ~10 million bpd

10 years ago America was pumping ~5 million bpd, today they are pumping ~11 million bpd

They added 6 million bpd to the market then blamed the crash on the Saudi's pumping too much oil

Oil is not being extracted profitably in America, oil companies there have lost 500 billion since 2008 even when oil prices were high 2010-2014, this is easily confirmed by reading the company finances

You simply need to look at the numbers instead of believing CNBC memes

>>	Anonymous Wed Jul 25 19:45:05 2018 No.10421464 >>10409912 I don't think crypto is going to do well but I agree we are in 10x a worse position than we were in 2007.

>>	Anonymous Wed Jul 25 19:45:50 2018 No.10421472 I just wanted to add that I recently stopped by hometown ('gold coast' CT), and 400+ houses in a town of <16k are for sale, shit's fucked, crash inbound.

>>	Anonymous Wed Jul 25 19:46:29 2018 No.10421479 >>10421327 It functions, at any rate, if you pay the corresponding fee. Also "peak usage" was exchanges not implementing batch transaction + jihan + roger spamming.

Anonymous Wed Jul 25 19:47:31 2018 No.10421494

>>10421398

providing value isn't worth it when home price inflation leaves u in the dust. brb developing software for $140k/yr ... oh wait, that buys you absolutely nothing in california. of fucking course every productive person is praying for a crash.

Anonymous Wed Jul 25 19:47:46 2018 No.10421499

>>10420352
This shit is a lot like 2008. I hear tons of ads for flipping house. My landlord owns 20 different properties and leverages them all. All it's gonna take is a little needle pop this bubble. Housing is parabolic in my area, but wages have been stagnant for a decade while the fed gives out money for free. This shit's gonna tank and Keynsian bailouts aren't on the table.

>>	Anonymous Wed Jul 25 19:49:13 2018 No.10421519 >>10421494 Whoa, sounds like you need 40 million low skilled immigrants in addition to the global 1% buying up every bit of real estate because money is now worthless

Anonymous Wed Jul 25 19:49:40 2018 No.10421527

>>10409912
I know this is trolling but just to put in perspective how serious 2008 was and how scared people get in a truly economic shit hits the fan scenario:

After Bear or Lehman the demand fornUS treasuries was so great that the yield actually inverted....people were paying the US govt to take their money in exchange for bonds that they knew they were guaranteed to take a loss on because they were too afraid of putting their money into any bank and never seeing it again because they file for bankruptcy the next week.

So in a flight to safety, rush to the door, 2008 fear level situation, there can be no doubt in any rational persons mind every crypto will be taking a minimum 90% drop. There isnt a person in the world with a net worth of any significance at all that would send money to a fucking crypto exchange to buy your BTC when they wouldnt trust leaving their money in the hands of GS or JPM cause there worried even those guys will disappear with it

>>	Anonymous Wed Jul 25 19:54:05 2018 No.10421591 File: 88 KB, 1060x901, Capture.png [View same] [iqdb] [saucenao] [google] People should be looking at Canada for the next crash, not one small area of the US.

Anonymous Wed Jul 25 19:57:37 2018 No.10421625

>>10421527
The government is 100% broke and will default on their debt because of boomer pensions and unfunded liabilities, this is true for all western countries, America, Japan, and the EU. The banking system passed "bail in" legislation after 2008 that allows them to rob their customers if they are in trouble, people are not going to have confidence in the banks. The only place to put it is in bitcoin(yes bitcoin, not shitcoins), they will buy BTC over the counter and bypass the exchanges. Eventually governments around the world will collapse and then as a last grip on power seek to unite and form a world government to control the decentralized nature of bitcoin, this will be the pretext to the NWO global government and the start of the end times as described in the book of revelations.

>>	Anonymous Wed Jul 25 19:59:47 2018 No.10421648 >>10421527 finally someone with actual intelligence.

Anonymous Wed Jul 25 20:01:11 2018 No.10421656

THe Real Estate market may even out. Inventory has gone up cause people think they can get more for their homes then they think. But for those who a smart they know to cash out now. However inventory has gone up. So there are less buyers. I think the market will ADJUST...NOT CRASH.

Anonymous Wed Jul 25 20:01:14 2018 No.10421657

>>10421625
>The government is 100% broke and will default on their debt because of boomer pensions and unfunded liabilities, this is true for all western countries, America, Japan, and the EU.

Right now in the US unemployment is as lowest as it has ever been. Tax revenue is likely close to the highest it has ever been.

And yet the US government continues to pile on loads of debt.
The next crash is really going to hurt the country bad.

I see cuts to social security and medicare and that is going to cause mass protests.

>>	Anonymous Wed Jul 25 20:04:08 2018 No.10421685 >>10421657 those numbers are fudged and now that people can't find jobs they are actually increasing now because once you file for unemployment assistance your magically counted again. the true number of unemployed is probably pretty spooky already.

>>	Anonymous Wed Jul 25 20:05:29 2018 No.10421703 >>10421685 I disagree plenty of places are hiring I see help wanted signs everywhere. The thing is those jobs cannot in any way support a family let alone yourself.

>>	Anonymous Wed Jul 25 20:07:05 2018 No.10421724 >>10421527 fair enough. so what would they do instead?

Anonymous Wed Jul 25 20:07:21 2018 No.10421727

>>10421657
For every $1 in GDP society is adding $5 in debt

People will look at government debt and be like "oh WW2 was worse" but then you look at corporate debt and private debt and the debt to GDP is like 350% add in unfunded liabilities and it's 1100% or something absurd, THEN add in to that the demographics are garbage and all the young people are a bunch of broke losers with student debt and low skilled low wage jobs

>>	Anonymous Wed Jul 25 20:08:30 2018 No.10421742 File: 20 KB, 638x267, 0c50b27d42a568b4b053da717b73f4cc.jpg [View same] [iqdb] [saucenao] [google] >>10421657 >I see cuts to social security and medicare and that is going to cause mass protests. Socialist, do you support the troops as well?

Anonymous Wed Jul 25 20:09:57 2018 No.10421764

>>10421703
>I disagree plenty of places are hiring I see help wanted signs everywhere.
This just entirely depends on your location. If you are in Houston there are plenty of jobs, but not in Pittsburgh where I am. Me I am struggling to get a basic accounting job with a bachelors degree that pays $14/hr.

>>	Anonymous Wed Jul 25 20:10:15 2018 No.10421771 >>10421703 >i disagree go check the last BLS report and see for yourself. unemployent is going back up.

>>	Anonymous Wed Jul 25 20:10:32 2018 No.10421774 So what do we do? All in BTC or sit in fiat? I just got my first good job with a salary and don't know what to do. Split my money half and half between crypto and usd savings?

>>	Anonymous Wed Jul 25 20:19:52 2018 No.10421862 >>10421724 Nothing will go in value. Just short and buy puts on what's at the heart of the problem

>>	Anonymous Wed Jul 25 20:23:03 2018 No.10421896 >>10421774 Do 50/50 atleast. If you are more risk loving then do 75% BTC/25% USD. Facebook just had a 20% dip after hours. All other tech stocks are down after hours. I think it could be the beginning of this overheated market to start cooling.

Anonymous Wed Jul 25 20:31:47 2018 No.10422006

>>10421764
Why stay in Pittsburgh then? I get you might not want to live where there are more opportunities available but there's no reason you can't get experience at a larger firm for 2 years and then leverage it into working somewhere you'd actually want to live.

>>	Anonymous Wed Jul 25 20:32:39 2018 No.10422018 >>10421896 Nah, tech is just being liquidated for FIRE. It'll slowly wash back and both will be higher with no money or value added. Like magic. This has happened before.

>>	Anonymous Wed Jul 25 20:33:58 2018 No.10422029 >>10421764 >pays $14/hr. The fuck? Is that even enough to stay alive where you live? Are you sitting on a bag of cash while you search?

Anonymous Wed Jul 25 21:06:58 2018 No.10422378

>>10420161
There no background to it. Anytime it rains heavy all of the beaches Ventura county and south will be closed for 72 hours or so. Depending on the beach you will see anything from needles, to diapers to construction debris, you name it. Do a quick google search you will find a lot.

Anonymous Wed Jul 25 21:13:46 2018 No.10422454

>>10422006
I don't have the corporate experience to go anywhere.

>>10422029
>The fuck? Is that even enough to stay alive where you live? Are you sitting on a bag of cash while you search?
I did have a lot of cash (relatively), but it is wearing thin. In terms of is it enough money. Maybe, barely enough to move out in a cheaper area. Only downfall is the health insurance will kill me with the high deductible. I need expensive meds for a health condition. Not terribly expensive but around $400 a month.

>>	Anonymous Wed Jul 25 21:15:08 2018 No.10422472 >>10409912 Why would you want a bad economy for Bitcoin. Normies don't buy Bitcoin when they can't afford housing and healthcare. If the economy goes crypto goes with it.

>>	Anonymous Wed Jul 25 21:21:17 2018 No.10422523 >>10422454 Well shit, good luck to you. I'm in a tough spot as well. Got laid off recently, but the worse thing is that I have no ambition. It's like I hit a mid-life crisis already.

>>	Anonymous Wed Jul 25 22:58:57 2018 No.10423681 >>10421179 >Tfw kill and plunder to get resources to power our solar panel btc Mining factory I will become the btc King of the wasteland, mark my words.

>>	Anonymous Wed Jul 25 23:02:20 2018 No.10423722 California market itself is just crazy overvalued dude Prices nationally reflect a low supply, it isn’t 08

>>	Anonymous Wed Jul 25 23:27:21 2018 No.10423924 File: 1.87 MB, 187x155, 1482031601777.gif [View same] [iqdb] [saucenao] [google] >>10421657 >Right now in the US unemployment is as lowest as it has ever been. imagine being naive enough to believe this

>>	Anonymous Wed Jul 25 23:36:31 2018 No.10424009 >>10414311 >native Californian >allows state to turn into streetshitting degeneracy encampment >defends it Turn that barrel inwards Cal.

>>	Anonymous Wed Jul 25 23:38:46 2018 No.10424029 >>10423924 Going by US numbers it is the lowest it has ever been. Now you can say the numbers are fake, but it still hit the lowest number ever according to the US government.

>>	Anonymous Wed Jul 25 23:43:56 2018 No.10424087 >>10411057 Exactly. They don't have the resources to handle that. Only the biggest whales will get fucked, while everyone else will make out alright.

>>	Anonymous Wed Jul 25 23:52:38 2018 No.10424192 File: 54 KB, 400x400, ppp11.jpg [View same] [iqdb] [saucenao] [google] >>10424029 >split job into 2 shitjobs >unemployment rate goes down >print money and buy stock >stock go up

>>	Anonymous Thu Jul 26 00:11:20 2018 No.10424407 >>10409852 Thats because California is losing 100k people a year mostly high income earners.

>>	Anonymous Thu Jul 26 00:14:24 2018 No.10424440 >>10424407 Oh shit. The end of the SALT deduction means the Cali housing bubble finally pops. How to short this shit lol

>>	Anonymous Thu Jul 26 00:23:05 2018 No.10424524 >>10424440 CA is fucked, the rest of us aren't going to subsidize their high taxes anymore.

Anonymous Thu Jul 26 01:45:25 2018 No.10425321

>>10420161
They give out free syringes to junkies, to prevent aids or whatever. Out of 400k given out only 260k were given back. Used needles are a common sight in san francisco. Theres even talk of opening spaces where it is safe to shoot up. Theyre retarded because they think making junkies safer is better than trying to get them help with their addiction. Theyre just enabling them

>>	Anonymous Thu Jul 26 01:52:17 2018 No.10425390 >>10422472 because it wont be normies with their $100 pocket change that push btc to the moon, it will be mr. shekelberg whos afraid his millions will be inflated away or simply taken from him by bail-ins.

>>	Anonymous Thu Jul 26 01:55:53 2018 No.10425409 >>10424029 look up data not on unemployment rate (because its faked and fudged), but on market participation of full time workers (i.e. how many people actually work full time).

Anonymous Thu Jul 26 01:57:31 2018 No.10425425
File: 64 KB, 565x1184, 958[1].png [View same] [iqdb] [saucenao] [google]

>>10424524
>>10424407
>mostly high earners
Wrong. Mostly people below median income for the country let alone the state.

>>10424524
>CA is fucked, the rest of us aren't going to subsidize their high taxes anymore.

>subsidize their taxes
I don't think you know what that word means. Even with SALT California was a net contributor to federal funds.

Anonymous Thu Jul 26 02:00:16 2018 No.10425451

>>10425409
>market participation of full time workers
My dude. Baby boomers are retiring. retired people are not part of the labor force. More people are going to college than before. Those people are not in the labor force.

Labor force participation rate is not the measure you are looking for.

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/biz/ - Business & Finance