/biz/ - Business & Finance

[Anonymous No.15048849]

>1 AUD is only worth 0.69 USD now
>It's on a downward trend
THE GOVERNMENT TOLD ME FIAT WAS A TRUSTWORTHY INVESTMENT, FUCK THIS GODDAMN PONZI SCAM.
>Oh? You making lots of money mr. civilian? Sorry, we need to take 30% of that to help pay to teach kids in primary school about french and the evil gender roles!
WHY IS THE AUSTRALIAN GOVERNMENT SO FUCKING USELESS!?
>1 AUD was hanging around 0.95-1.05 USD from late-2011 to mid-2013
WHAT THE FUCK HAPPENED I'M FINANCIALLY FUCKING RUINED FUCKKKKKKKKKKKKKKKKKKKK WE FUCKING INVESTED IN PAPER MONEY CONTROLLED BY CHINESE INVESTORS FUCKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKK EVERYTHING I BUY IS IN USD FUCKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKK

[Anonymous No.15048859]

>>15048849
USD AUD HKD.

the only dollar I care about is the United Nations Dollar

[Anonymous No.15048862]

>>15048849
Australia government is also moving to ban cash so wagies can have more of their income fucked by inflation.

Last year they created massive limits to cash payments.

[Anonymous No.15048873]

>>15048849
>Sorry, we need to take 30% of that to help pay to teach kids in primary school about french and the evil gender roles
thats some problematic language, anon
>CONTROLLED BY CHINESE INVESTORS
ummmm, anon, this board is not racist

[Anonymous No.15048878]

>>15048849
Lads should I convert all of my remaining AUD to Chainlink to save the value?

I have a few k in a savings account, yet the bank fee's on my normal account are still more per month than the savings I accruel. Fuck commonwealth the stupid shits.

>>15048862
What are the cash limits? You mean it's illegal to pay in cash at certain prices now? Fuck this country.


ALSO REMINDER TO AUSFAGS HERE THAT PLENTY OF STEAM GAMES STILL DO NOT SUPPORT AUD PAYMENTS, NO ONE WANTS OUR FUNNY MONEY.

[Anonymous No.15048884]

>>15048862
Nobody told me about this, what the fuck. They can't possibly be considering this at a federal level, right? This is just for certain states, right?

[Anonymous No.15048895]

>>15048849
Get out of AUD, its going much lower.

[Anonymous No.15048903]

>>15048849
Lads what will happen first. LINK going up making me a millionaire, or AUD going down making me a millionaire?

Link at around $11 makes me a millionaire, but if the AUD continues to crash, that value gets lower and lower. How low will the AUD go? Sub 50 cents USD? Will that make me a millionaire at under $10 LINK?

[Anonymous No.15048904]

>>15048884
only cash to businesses, not person to person
10k limit on cash

[Anonymous No.15048934]

>>15048904
Eventually everyone will be over that limit due to inflation.
Hell i would not be suprised if politicians offer ubi to increase the inflation and get everyone in the cashless hell in a fabian way slowly.

Never raising those limits and increasing the inflation.

[Anonymous No.15048946]

>>15048904
Also

>10k limit on cash

Kekd

https://www.news.com.au/finance/economy/australian-economy/government-urged-to-lower-cash-payment-limit-to-2000-and-introduce-harsh-penalties/news-story/05876f0df09af5fd688a7410e2d179b0

They want to lower it to 2k aud how much is that in burger dollars?

[Anonymous No.15048960]

My centrelink payments have gone straight to crypto for the past year and a half

[Anonymous No.15048979]

>>15048946
>JULY 2, 2018 6:29PM
That article is old as fuck anon, are they still considering this a year later?

[Anonymous No.15048999]

>>15048849
>WHY IS THE AUSTRALIAN GOVERNMENT SO FUCKING USELESS!?
>>1 AUD was hanging around 0.95-1.05 USD from late-2011 to mid-2013
>WHAT THE FUCK HAPPENED
It's like one party has better economic management and kept us out of the gfc so the AUD was stable when America's plummeted. Now the AUD is going back to Howard era levels under the libs who keep getting voted back in. Thank fuck 90% of my money is in btc

[Anonymous No.15049017]

>>15048979
No idea , i only noticed that last year when i researched a little about governments pushing for a ban on cash.

Many governments specially in europe keep reducing the max ammount for cash purchases , while never upgrading it for inflation.

The madmans are going for full cashless , that's going to cause a shitstorm of massive proportions.

[Anonymous No.15049019]

>>15048999
Yeah unfortunately the liberal party is full of pathetic weasels who sell out to Murdoch and the USA

[Anonymous No.15049032]

>>15048999
Why was it so fucking low under Howard anyways? People keep meming that faggot as a good economic leader but the AUD fucking tanked under that fag.

[Anonymous No.15049069]

Sorry anon but Muttbucks™ backed by black gold and ZOG is the divinely chosen currency of the world.

How long until we flip Europoor bucks?

[Anonymous No.15049083]

Wait until the mines are all automated, trucks are self driving, and people finally realise that a whole generation of people on "unpaid internships" aren't going to be able to buy into their real estate ponzi.
The Australian economy is going to burn to the ground within our lifetimes, you're better off keeping your money in LINK on literally any timescale. Cash out a bit to buy a house or two when there's blood on the streets, but that's all.

[Anonymous No.15049096]

All in FTM boyos. Fuck the AUD.

[Anonymous No.15049101]

>>15048960
based and neetpilled

[Anonymous No.15049102]

>>15049083
You're better off getting our of the country with your Link gains than buying a house at any point in time.

[Anonymous No.15049195]

>>15049102
The EU, the US, and the Commonwealth are all fucked. Where should we go, assuming we don't want to learn some foreign language and just want to live comfy neet life?

[Anonymous No.15049218]

>>15049195
Do what McAffee does and live like a king in third world shitholes.

Nah I dunno, might do that for a while. If Link goes high enough I will look for official residence in a tax haven island nation, but then get a place in the USA to start a business too. I think Australia is way more fucked than America.

[Anonymous No.15049297]

>>15049102
>>15049195
Aus fag here. What is the best plan of action to do after having 10+Mil in LINK? Hypothetically speaking of course.

[Anonymous No.15049313]

>>15049297
10MM plus. Tax haven citizenship for sure. Then just live wherever the fuck you want in the meantime. Monaco, Switzerland etc, rich places that are too expensive for non whites if they worry you so much.

[Anonymous No.15049330]

>>15049313
Sounds good. Not too bright on how 'tax havens' work. I'm guessing, cash out some link to fiat then move to tax haven and cash more out? If you have family or relatives in ausland will they get fucked for it?

[Anonymous No.15049349]

>>15049330
No, why would the government punish your family for something you did, for something that's not even illegal.

I'm not a professional with this knowledge either. I'd get a lawyer and do research yourself on what exactly you have to do. IIRC, You need to invest in the tax haven and sort of buy citizenship.

[Anonymous No.15049365]

>>15049349
I guess I'll look into it more once Link starts to moon. Thanks.

[Anonymous No.15049620]

>>15048873
Australia's economy has been hijacked by Chinese. it's not racist when it's fact.

[Anonymous No.15049659]

wait why do we care about aud going down? Usually this should mean good business to export. Though they thing we should we worry about is inflation and GDP growth, the strength of the currency should be adjusted according. Weaker than us mean jack all.

[Anonymous No.15049974]

>>15049659
It's bad because I have to pay 50% more than john in the US does when I'm buying crypto and my wages dont get a 50% boost

[Anonymous No.15049998]

>>15049974
I feel, that why I been investing my money like crazy. I was getting an erection when the rba was planning to keep the cash interest rate low.