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/biz/ - Business & Finance

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18387783 No.18387783 [Reply] [Original]

If the US recovers from this swiftly he will have been eternally proven right

>> No.18387863

>>18387783
https://www.youtube.com/watch?v=d0nERTFo-Sk

>> No.18387873

All hail Lord Keynes

>> No.18388051

>>18387783
All hail Milton Keynes

>> No.18388184

>>18387863
who was this video made for and why does it have a decently high production value

>> No.18388201

>>18388184
>who was this video made for
you
https://www.youtube.com/watch?v=GTQnarzmTOc

>> No.18388214
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18388214

https://www.conservapedia.com/John_Maynard_Keynes_and_pederasty

>> No.18388292

>>18388214
ask any economist and they will tell you reinstating the gold standard would be disastrous and make the dollar way more volatile

>> No.18388333
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18388333

>>18388292
>ask any economist

>> No.18388370

>>18388333
doesn’t take a genius to realize that gold prices fluctuate way more than the value of the dollar. why would having less control and less of an ability to predict how much a dollar is going to be worth in a year ever be a good thing?

>> No.18388387
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18388387

>Keynesfags

>> No.18388393

>>18388370
In the long term the dollar has gone down and gold has gone up at a rate greater than inflation.

>> No.18388403

>>18388393
You're not supposed to hold the dollar in the long term, tard. Buy all the gold you want with that dollar.

>> No.18388456

>>18388387
unfortunately this is the world we live in. if we quit now, the collective depression would end us

>> No.18388468
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18388468

>>18388370
brainlet

>> No.18388479

>>18387783
explain to me why a bear market caused entirely by a reason to stay home that is going to end in a few months is going to cause any kind of long term economic collapse.

>> No.18388511

>>18388479
>end in a few months
There’s your explanation right there.

>> No.18388688

>>18388479
10 million unemployed in a month. If you think they'll just be rehired, you're high. The businesses they were let go from are currently taking out massive debt to remain solvent. The people who have been unemployed are going to chew through unemployment benefits, then default on their mortgage or fail to pay rent, which will cause landlords to default. We'll have another housing crisis come year end. Brrrt picks winners, and the superhueg companies with lobbying power are those winners. Everyone else is gonna suck it.

>> No.18388842

>>18388688
Did you mean 17 million in three weeks? Becases that’s what has happened

>> No.18388871

>>18388688
then thell just extend it. 4 months now becomes 6 months.

>> No.18388894

>>18388479
three words:
leveraged.
corporate.
debt.

>> No.18388913

>>18388479
one mans spending is another mans income. mass unemployment causes people to reduce spending. this hurts company earnings so they have to lay off more people. now there are more unemployed people that aren't spending. so more layoffs.

the fed combats this by lowering rates to encourage borrowing and spending.

rates are at 0 and cant be lowered without going negative.

next option is to print more money to give out to people so they will spend.

once they finally spend on consumer items, the new money pushes up the prices of those items. so now people need to earn more in order to pay for things and so the fed has to keep printing more and more.

at this point, goldchads are the elite and those who didn't buy gold are making rope out of their dogs intestines so they can neck themselves.

>> No.18388941
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18388941

>>18388688
>tfw $40,000 in cash saved in addition to having living expenses secured indefinitely
Oh boy am I ready to exploit this real estate crash. Guess who's gonna round out this year with two or three new properties on dirt cheap loans at 23 years old.

>> No.18388979

>>18388941
youre going to get fucked if you don't wait at least 2-3 years to buy property.

>> No.18388999

>>18388979
This year might be too hasty, but I'm still waiting to see how it shakes out

>> No.18389013
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18389013

>>18388941
>not buying LINK
Lmao at you boomer

>> No.18389024

>>18388999
just get into gold/silver to ride out the collapse of the dollar and trade the gold for land. it will be at its best price shortly after the dollar dies.

>> No.18389030

>>18388913

This only holds true if the market won't sustain itself without the printer. But this isn't true since the Fed was unwinding its sheet prior to this crisis, and this covid business isn't the result of some structural defect in the economy but the definition of an exogenous event.

Everything will be fine, and goldcucks will rope.

>> No.18389127

>>18389030
we have been on the brink of massive deleveraging for the last year. instead of a natural collapse, we got blasted into the collapse from the virus.

>> No.18389158

>>18388387
Kekd

>> No.18389225

>>18389127
Deleveraging when you were overleveraged doesn't push you into the abyss, it gets you back to normal.

>> No.18389267

>>18388403
>you're not supposed
I am.

>> No.18389732

>>18388842
Jesus Christ, I was working on old numbers and didn't realize it had gotten that bad.

>> No.18389753

why would he be wrong this time when he was right every other time
big dick Keynes never fails