/biz/ - Business & Finance

[Anonymous No.18045274]

How fucked is fiat?

[Anonymous No.18045749]

>>18045274
Every fiat except the usd is in it's last days for real ,not even larping.

The usd is going to become stronger than ever and this will crush the us economy due to constant deflation.

[Anonymous No.18046163]

>>18045749
So if I have a bigger USD position than normal I should be able to enjoy the next year or so before inflation starts showing itself clearly?

I fucking sold a third of my BTC at 5k like an idiot so I'm hoping it dips back.

[Anonymous No.18046187]

>>18045749
Yeah right, like the ECB is going to print trillions. You do realise that the ECB can't do whatever it likes, right? It has 27 different countries with different economies that it must keep happy

[Anonymous No.18046287]

>>18045749
>except the usd
Cope, only reason usd is rising is that the whole world is buying out america at the dip, probably because they don't know about your scummy unsustainable debth way of doing business, also usd is loosing against euro

[Anonymous No.18046427]

Read inflation is closer to 10%/year (lookup chapwood index), CPI is fake, but heres why the dollar hasn't absolutely collapsed yet:

1. Technological innovation / globalization has reduced cost to make goods and services, especially electronics
2. Global currencies are weak, USD is the tallest midget, so foreigners have been hoarding USD and decreasing the domestic supply
3. Trade deficits reduce domestic supply, countries like china artificially devalue their currency by buying dollars, goes with 3
4. Credit has been massively expanded in the last 100 years, 99% of the money you spend is credit that isn't backed by real dollars, so when credit shrinks its a deflationary effect.

Technical progression is grinding to a haunt, Trump out his own retardation wants to reduce trade deficits (which are actually a good thing if you can take advantage of them), and Trump's puppet at the fed has now started infinite QE, zero interest rate, and zero reserve rate. And once the global economy starts recovering foreigners are going to start dumping their USD.

So while the dollar is strong now as people are panic selling stocks and bonds, I think we'll see it collapse in the next 5-10 years.

[Anonymous No.18046455]

>>18046187
Except it doesn't give a shit about what fucking latvia or bulgaria has to say and only really listen to Germany and France.

[Anonymous No.18046457]

>>18045274
>muh inflation
>cryptotards in charge of understanding economy
https://johnhcochrane.blogspot.com/2020/03/fed-bombshell.html

[Anonymous No.18046463]

>>18046287
kek as soon as other countries stop using the dollar as reserve currency( which it looks like the gooks are switching to crypto) then its game over

[Anonymous No.18046477]

>>18045274
(((Discord))) banned the /biz/ server, get in the new one bros
discord gg kjGsbrW

[Anonymous No.18046823]

>>18046463
>Gooks can feed my country
No.
>Trading with China will save my economy from this depression 2.0
No.
>This depression won't incentivize depleting my country's resources at an even more rapid rate.
No. Unless we get a digital job driven economy that third worlders can do from their cell phone, this planet is going to get ravaged harder than we have ever witnessed before.

[Anonymous No.18046869]

>>18046823
i never implied any one what you just said.
I will repeat it again.
When countries stop using the usd as a world reserve currency then we are going to be fucked. The gooks starting to pivot and are getting ready with their own crypto.

[Anonymous No.18046901]

>>18045749
lol big cope. Look at your country's debt per capita and your current budget deficit (which won't improve anytime soon). There are countries in Europe that have had budget surplusses for several years in a row.