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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


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18596846 No.18596846 [Reply] [Original]

Well we can expect another 15m job losses the next 2 weeks.

Meanwhile the fed brrrrrrrrr

https://fred.stlouisfed.org/graph/?g=gI4A

Seriously how long can the fed / trump administration continue to pump the stock market without realizing the real economy was fucked even before corona, the deflationary collapse had already started thus the terrible european and japanese data before corona.

This shit is insane even worse than 1929 by job destruction speed.

Not to mention that multiple nation budgets are now destroyed due to oil collapsing.

We will see weimar levels of inflation in multiple nations and as this is happening everyone will flee to usd / gold / btc , the last two will be pretty healthy and a smart reaction but the first will destroy the usa.

By devouring usd the world will cause a massive deflationary collapse in burgerland to the point they will see retarded unemployment levels.

>> No.18596856
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18596856

Should I join the military?

I feel like rising in the ranks via the military is the ticket to power in the 20's-40's

>> No.18596867

Burgers will happily print if people buy usd en masse, no risk of deflation

>> No.18596872

Honestly now that new data has come out showing that the infected is atleast 50X higher than previously thought, bringing the death rate to being similar to the flu, Trump should immediately order states to open back up again.

>> No.18596902

>>18596856
shit pay but go ahead

>> No.18596911

>>18596846
>Well we can expect another 15m job losses the next 2 weeks.
It's planned, none of what your seeing is unexpected by the elites. There must be another great depression and "collapse" of the market to usher in digital currency, It's the only way.

>> No.18596924

YOU ARE IN DANGER
https://www.youtube.com/watch?v=qkm1RYLV5j0

>> No.18596934

>>18596856
There's better ways to make 1/2 minimum wage and take a shower with 30 dudes, even in the post sanity apocalypse.

>> No.18596937

>>18596846
>15m job losses the next 2 weeks.
the continued growth in unemployment might just be the processing issue. they can't get through the applications fast enough. We headed to 40% unemployment, kek

>> No.18596956

>>18596872
The problem with the antibodies crap is that there are many types of coronavirus.

And it seems medical people are retarded , how no agency on the planet is running random blood sampling to detect new viruses is beyond me.

Maybe they are detecting the weak version of corona which is why some nations are affraid to open but you are right this is a massive problem.

>>18596911
lmao imagine anyone using a digital currency meme , i would rather stay unemployed and live of the land that faling for this shit.

Also the digital currency meme means the end of banking and credit if they push it by force.

>> No.18597010

>>18596956
>Also the digital currency meme means the end of banking and credit if they push it by force.
No, It's not, not when they can mint new digital coins. You think the printing will stop lol?

>> No.18597050

other than a few hospital workers and grocery store workers and amazon wage cagers the entire country is unemployed I'd put the real number at 90% unemployment

>> No.18597067

>>18597010
If people don't have hope in the future they won't use a currency they will convert it to food asap or exchange it into hard currency.

If no hard currency is available they will do future purchases of basic goods and nothing more.

>> No.18597104

>>18596856

You should go you will stumble on something that leads to natural selection at some point might as well make it sooner rather then later.

>> No.18597672

>>18596856
i make decent money and i know my job will be around as everyone gets laid off.

Depends on what you want, stable 9-5 job with no real time away from home, Coast Guard

You want the most opportunities for advancement, then army

Dont fall for the Navy or Airforce meme you put up with bullshit with no real opportunities for advancement (unless you are a total tool)

>> No.18597717
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18597717

WHAT ELSE ANON WE NEED MORE BEAR BOBO BOBO

>> No.18597780

>>18596846
never quite got why everybody on /biz/ predicts that all investors will flee into USD. I mean all the national banks are printing money like crazy right now, so why should I for instance trade € for $ if i know that ECB and FED are doing exactly the same thing?!

>> No.18598347

>>18597780
Agreed, USD and gold are in competition for being the world reserve, and the dollar has no chance of winning that.

>> No.18598445

>spy going straight up
Energy going insolvent overnight priced in, entire industry being bailed out bullish as fuck

>> No.18598836

>>18596956
Iceland did a random sample antigen testing and found they were 6x underreporting in the official stats

>> No.18598870

>>18598347
not sure about Gold either. i mean the whole point of a reserve currency is its stability and its universal acceptance in transactions.
If the market is flooded with USD and you cant buy shit with it than neither of the two main reasons for a reserve currency is given anymore. On the other hand the value of gold does not remain stable either (I mean there is a reason why the gold standard was abolished). BTC wont have a chance in any way as it is neither universaly accepted nor is its price stable. the crypto-fags which really believe BTC will be a valid currency are just delusional...

>> No.18598871

haha $2000 per month goes brrrrrrr

>> No.18598880

>>18596911
its true.

>> No.18599808
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18599808

>>18596856
I did. I'm very well positioned in life. Join the a Marine Corps if you're not a huge fucking pussy. The Vorps will definitely shape you up to be a great asset to society and your community.

>> No.18599837

>>18596856
The pay is shit for the first three ranks. It gets sexy as soon as you hit E4 and E5. The promotion to E4 is pretty much automatic if you're not a shitbag.

>> No.18599891
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18599891

>>18596846
>see weimar levels of inflation in multiple nations
so true, it's happening in Canada