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

/biz/ - Business & Finance

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20658625 No.20658625 [Reply] [Original]

As long as the USD remains the world currency, it is literally impossible for hyper inflation to ever happen. Fed printing is a doomer meme.

>> No.20659020

>the year is 2030
>wages have been stagnant for 50 years
>everything is fine

>> No.20659098

>>20659020
I'm putting all my money in crypto regardless.

>> No.20659136

>>20658625
It won't remain the world currency, that's the problem, smoothbrain.

>> No.20659255

>>20659136
There is nothing that can replace it. I will remain as the world currency for our entire lives.

>> No.20659734

>>20659255
a digital central bank currency backed by gold only available to friendly countries

>> No.20659881

>>20659734
We don't need anything backed by gold. Fiat is superior in every way.

>> No.20659930

>>20659881
no its not.
https://www.google.com/search?q=ray+dalio+about+money&rlz=1C1CHBF_deDE900DE900&oq=ray+dalio+about+money&aqs=chrome..69i57j0l6.4640j0j7&sourceid=chrome&ie=UTF-8

>> No.20660000
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20660000

>>20659881
>Fiat is superior in every way.

>> No.20660117

when there's nothing left to burn you have to set yourself on fire

>> No.20660271

>>20659930
I don't care what some retarded doomer says. There is a reason the economic experts at the Fed took us away from the gold standard and we are never going back.

>> No.20660423

>>20658625
>As long as the USD remains the world currency
No King rules forever.
Look at the world currencies the past 2k years and think how long an economy with ever increasing debt can sustain. There will be a point when other countries start to lose faith in the usd.

>> No.20660477

>>20660271
a retard who manages and created the biggest hedge fund on this planet.
all fiat ends and what is happening right now is a strong move in this direction.

>> No.20660529

>>20659255
AMPL, RSV, or XRP.

>> No.20660551

>>20659881
>We don't need anything backed by gold.
I used to disagree but I agree with this now.
If you want something backed by gold then just buy gold with your fiat.

>> No.20661326

>>20660423
We are in a post-debt world. Debt means nothing now.

>> No.20661621

>>20660551
you are a dumb fuck. the value of fiat changing rapidly, makes it hard for businesses and individuals to plan for the future. buying and selling gold introduces friction - sometimes a lot of it.

>> No.20661734

>>20658625
It’s happening right now, retard. USD has dumped 10% this month alone, against all the major currencies and precious metals.

>> No.20662116

>>20661734
That is a lie.

>> No.20662138
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20662138

>>20659098
>crypto

>> No.20662165
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20662165

>DUDE THE FREAKING CUM SHAKE THEORY

>> No.20662250

>>20659255
>>20659881
Cringe, Keynesian fags all get the rope

>> No.20662320

>>20661734
This, look at food prices
>>20662116
Cope

>> No.20662350

Since coming to /biz/ i've learned that americans are fucking retarded.

>> No.20662387

>>20660000
Gotta check that

>> No.20662492

Inflation is affecting MSME businesses the most. But Tokoin is the decentralized ecosystem where MSME getting proper benefits. Speaking of which different products/services provided by Tokoin are truly remarkable in the crypto space as for those who are outside it but part of the Tokoin ecosystem like financial entities.

>> No.20662881

>>20662350
It's retards on this board that side with the kikes that run our monetary system

>> No.20662927

>>20662250
Every economic expert is a Keynesian.

>> No.20663438

>>20662138

>WHO IS THAT GUY IN THE PHOTO???
>HE LOOKS EXACTLY LIKE ME BUT 10-20 YEARS OLDER...

>> No.20663550

>>20662927
(((Economic Expert)))

>> No.20663662
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20663662

>>20662116
>>20661326
Nobody can be this mentally ill.
You can literally go look at USD charts right now

>> No.20663703

value is a spectrum, not binary. the dollar is trending down because we have increased the money supply astronomically. Covid will kill cash. there will be a USD crypto. honestly at this point you already barely ever transact in USD. You use Chase points or BoA tokens. it’s numbers on a ledger. USD will be the last to fall but it will. physics of debt. people have been screaming about this for decades. Bush and Obama did jack shit to instill fear in banks, and instead rewarded them, and here we are again. just good old can down road kicking. there wasn’t a place for the debt to go outside of precious metals, which did go up, since we are/were the reserve currency. usd purchasing power since 09 bailouts has tanked to historic lows. just because you haven’t noticed much yet, since we are the privileged folks that would feel it last, doesn’t mean it’s not happening. It is. we haven’t even hit the defaults yet. just replace CDO’s from financial crisis with CLO’s. it’s just a rebranding. our world currency status is mostly thanks to the PetroDollar, which is mostly thanks to our industrial military complex and our love of imperialism... but the petrodollar collapsed in March, even if no one wants to admit it. we are staying afloat because every other central bank depegged too and so people are buying dollars at a huge rate because USD is still better than say the bolivar, peso, yuan, lira, etc,. (the mainstream argument is the Dollar Milkshake Theory, that we will be fine because of the ever demand for USD from foreign countries. but that is so short sighted it boggles my mind people I respect buy it. no fucking way. once one country goes hard money, we would lose that game and implode. That’s what is happening right now with US and China and the oddly quiet Russia.)

Long story short: money is a social construct. americans still believe in the dollar because the businesses that own the nytimes and fox haven’t finished making their plays yet.

>> No.20663895

>>20662350
same, as a burger

>> No.20664307

>>20663662
You are mentally ill Ramona Flowers. USD is perfectly fine.

>> No.20664623

>>20661621

Yeah, so much so that depressions/recessions were actually more severe and frequent during the gold standard days...but at least our monetary system was tied to a rock!

>> No.20665214

>>20664623
>depressions/recessions were actually more severe and frequent during the gold standard days
We have a recession like every ten years you fucking sheep. And look at the 1920-21 recession, Harding didn't go the government intervention route like he was told by his cabinet and slashed the federal budget in half along with taxes at all income levels. What ensured was the 1920s boom and was maintained by another small government president, Calvin Coolidge. Get fucked.

>> No.20665395

>>20664623
The natural business cycle of a hard money economy is still preferable to the zombie clownworld we have now.

>> No.20665468
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20665468

>plebs arguing one side of a six sided dye