ABSOLUTE END OF THE ECONOMY

[Anonymous No.20849516]

>US Q2 GDP Crashes By A Record 32.9%. Worse Than Great Depression
>Meanwhile, the U.S. infection rate is sky-rocketing, companies are exhausting their government loans and the $600 additional payments to unemployed Americans are expiring in two days.

IT'S UNIRONICALLY OVER.

[Anonymous No.20849551]

weird how this is WAY worse than 2008 and it isn’t getting any media coverage. do zoomers know how fucked they are?

[Anonymous No.20849729]

>>20849551
The whole point of the COVID freak out has been elites diverting attention from this economic implosion while they print 10 trillion dollars to try and restart the whole thing....i think the plan is to try and inflate the debt away and blame it all on COVID and not decades of central banks pumping up a debt bubble...

[Anonymous No.20849757]

>>20849516
USA BTFO
we are watching usa turn to venezuela

[Anonymous No.20849798]

>>20849516
Priced in.

Good times are already rolling again.

[Anonymous No.20849802]

>>20849551
Maybe the media (which owned by the rich) is giving the rich more time to reposition their assets for the crash

[Anonymous No.20849827]

>>20849798
This, doomerfags are proved wrong time and time again

[Anonymous No.20849843]

>>20849516
>tfw welder
>make 300k anywhere I go
I welcome this dip in civilization OP

[Anonymous No.20849856]

>>20849551
I think the suicide rates will be a good indicator for how fucked they know they are. Drugs sales are hard to measure if it's illegal substances such as black market percs and xanax. I see fentanyl making a come back with deadly returns.

[Anonymous No.20849860]

Ahead of schedule

[Anonymous No.20849868]

>US Q2 GDP Crashes By A Record 32.9%.

That’s an actual crash of 9%. The 32.9% is “annualized” which is not accurate but makes for a more alarmist headline

[Anonymous No.20849877]

yes but it doesn't matter companies are making more profit now than ever. For example the WWE projected 11 million in profit and made 42 million.

[Anonymous No.20849889]

>>20849860
lol, didnt dickgel make a 2015 prediction that ended up being completely wrong

[Anonymous No.20849941]

>>20849868
good, maybe it'll convince normies that everyone should return to their normal lives unless they are an at-risk group

[Anonymous No.20849957]

>>20849877
Green
Line
Go
Up

[Anonymous No.20849968]

>>20849868
Hi Ash.

[Anonymous No.20850011]

>>20849889
Yeah, all of them.

[Anonymous No.20850015]

>>20849729
Are you trying to get yourself black bagged or something?

[Anonymous No.20850017]

>>20849868
Exactly this

[Anonymous No.20850088]

It's not so bad. Good for the climate at least.
We will see negative interest rates and universal basic income.
The government can't lead the public to the slaughter in the name of the economy, this is almost entirely thanks to Bitcoin. Never has their ever been a monetary asset outside the reach of Government during a global economic catastrophe. I shit you not, this is the year the bankers get routed out.

[Anonymous No.20850141]

>>20850088
This. Debt will be inflated away.
And it serves dual purposes - both wounding China, and moving the US on to a new central bank backed crypto stable coin which will be handed out as a UBI.

[Anonymous No.20850163]

>>20849827

Like in 2008?

[Anonymous No.20850183]

What should u do with 40k worth of cash that is devaluing by the day?

[Anonymous No.20850208]

>>20850088
>Good for the climate at least.

Why? How can you say it's good for the climate. Why would it be good FOR the climate? Did you ask what the climate thinks?

[Anonymous No.20850212]

>>20850088
The banks own Bitcoin. LN is just nu-banking and soon everyone will be priced out of even doing anything on L1. The defi cypherpunks are our only hope.

[Anonymous No.20850220]

>>20849827
You just don’t understand economics if you think there’s any comeback from this situation

[Anonymous No.20850228]

>>20850183
Crypto

[Anonymous No.20850248]

>>20850183
Buy things that are weighted against the dollar e.g. stocks, precious metal ETFs, and bitcoin, and keep some cash on the side

[Anonymous No.20850262]

>>20850088
>believing CO2 runs the climate. What a climatecuck. Worship greta too?
>>20850208
this. Actually, less CO2 would be worse for climate.

>>20850088
You know that CO2 is food for the plants right? If you really want a green planet, we should be putting out more CO2

[Anonymous No.20850270]

>>20850088
Do you even realize how fucked it is that the rates are negative and have been extremely low since 2008 crash?

[Anonymous No.20850276]

>>20850088
>Good for the climate at least.

Common misconception.

>universal basic income.
should have been universal minimum income but YangGang and the plebes said no to means testing so Jeff Bozos is making a billion dollars along with every member of Congress kek.

Just wait until Trump figures out he can use the bitcoin blockchain to make voting system ironclad, oh wait, here I am, dreaming again

[Anonymous No.20850323]

>>20850262
>>believing CO2 runs the climate. What a climatecuck. Worship greta too?
>>Actually, less CO2 would be worse for climate. You know that CO2 is food for the plants right?

Shh...

Brainlet stfu

[Anonymous No.20850332]

>>20850228
I have 80 worth of crypto (up from 25k initial) feels like too much.
>>20850248
Isn't the market going to crater again? That's why I was in cash but the dollar is bleeding now too. I might jump into PMs but they went up so much. Fuck I'm anxious.

[Anonymous No.20850348]

>>20850323
Lmao, being this retarded. How do you even live?

[Anonymous No.20850394]

>>20850212
Demonstrably false. Who controls the hashrate controls the chain (China). Bitcoin has failed in it's ambition to transfer value in an efficient way, however it has prevented another bank bailout. Just you wait and see.

[Anonymous No.20850410]

this is what a controlled demolition of a country looks like. enjoy the ride

[Anonymous No.20850423]

>>20850183
Buy silver and gold in that order

[Anonymous No.20850435]

>>20850348
This is your stupid ass at the beach with your pet cat

[Anonymous No.20850449]

>>20850270
Only if you're retarded enough to think Government backed currency has a value greater than zero.

[Anonymous No.20850459]

>>20850332
>Isn't the market going to crater again? That's why I was in cash but the dollar is bleeding now too

Nah, the dollar inflation meme is oversold and the market can literally keep going for the next 10 years for all anyone knows.

[Anonymous No.20850493]

>>20850394
Yes I agree China is a dragon of blockchain, we should be very scared and sell all our bitcoin

[Anonymous No.20850509]

The US will implode like a giant star, half of its mass exploding and showering the cosmos with radiation. The other half will form an immense black hole.
Many such cases.

[Anonymous No.20850515]

>>20850262
>less CO2 would be worse for climate
when 911 happened all flights were grounded for 2 weeks and it resulted in highest heat wave recorded

same happened now, after the lockdowns a massive heat wave followed

ecozombies should be round up and driven underground to live like the rats they are

[Anonymous No.20850548]

>>20849551
Zoomers are unironocally going to live in cardboard boxes

[Anonymous No.20850559]

>>20850515
So the floods in China were caused by them eating bats?

[Anonymous No.20850583]

>>20850423
>5184x3888
Atleast fucking resize your pic you boomer

[Anonymous No.20850591]

if (((they))) tell you not to worry that's when you worry.

[Anonymous No.20850620]

>>20850515
Holy shit, i cant believe anyone can be this stupid to actually believe this. You fell for the jew propaganda. The sun drives the climate. THE SUN. and cosmic rays... DYOR ffs, we literally had a mini ice age in 1700s due to lack of suns activity.

[WORST TIME IN UNITED STATES HI(...) No.20850648]

>>20849802
Like how the senators bought and sold stock while withholding information about covid to their communities so they could sell

[Anonymous No.20850652]

>>20849516
>US Q2 GDP Crashes By A Record 32.9%.
I am an undergraduate studying economics at Stanford University and even I know that this is BULLISH! I can even post my textbook where it says it if you want

[Anonymous No.20850719]

Look at these triggered retards

[Anonymous No.20850735]

The contraction was an annual rate. Keep in mind they said annual and not quarter. This year, as of July 30, 2020- The US Economy shrunk 32 percent in total, not in a single quarter. Quarter 1 passed, Quarter 2 is the worst of it, Quarter 3 should be better, Quarter 4 is a wildcard.
https://www.washingtonpost.com/business/2020/07/30/gdp-q2-coronavirus/

https://www.bea.gov/news/2020/gross-domestic-product-2nd-quarter-2020-advance-estimate-and-annual-update

[Anonymous No.20850756]

Go ahead and short the market- better yet the dollar

You know you want to. Making fistfuls of cash every day

[Anonymous No.20850768]

>artificially prop up the economy for years by brrrring
>when it all collapses the virus will get the blame instead of reckless low interest rates

[Anonymous No.20850800]

Its a minor diversion from trend, we'll be right back on top once everyone is vaccinated

[Anonymous No.20850942]

>>20850735
>The US Economy
The US GDP

[Anonymous No.20851015]

>>20850756
If a midget is wearing short shorts, are they shorts^2?

[Anonymous No.20851429]

>>20851015

[Anonymous No.20851525]

>>20850800
>you do want to protect the economy from the coronavirus, don't you goy?

[Anonymous No.20851554]

>>20849843
>300k
larp.. but still a pleb anyhow

[Anonymous No.20851560]

>>20851525
OP is under arrest

[Anonymous No.20851570]

>>20849843
300k will buy you a hamburger

A Big Mac, so at least you get to enjoy a little luxury

[Anonymous No.20851579]

>>20849957
prices
go
up
faster

[Anonymous No.20851606]

>>20850183
if it's ur only 40k put 75% in bitcoin and leave some cash. If you have 500k of other assets don't do anything

[Anonymous No.20851627]

>>20849729
>Nailed it
Exactly the same as 2001. A pin is required to pop the bubble. Then we can blame the pin, not the reasons for the bubble itself.

[Anonymous No.20851635]

>>20850423
nice

[Anonymous No.20851643]

>>20850141
id be down for that

[Anonymous No.20851655]

>>20851015
nah they're just regular shorts then

[Anonymous No.20851778]

>>20850515
>>20850620
the sun is also larger than your mothers asshole soooo do the math.
>a bunch of monkeys with fire
or
>a ball of fucking never ending nuclear fire

which of the two can do more damage to a planet

[Anonymous No.20851859]

>>20849877
>yes but it doesn't matter companies are making more profit now than ever. For example the WWE projected 11 million in profit and made 42 million.

[Anonymous No.20851899]

>>20851859
People are stuck at home watching TV or whatever device they use.

[Anonymous No.20851903]

>>20850332
Buy land, faggot

[Anonymous No.20851981]

>>20850220
I learned the last crisis to never bet against the central banks. They have immense power over the economy and the willpower to make this continue. Now, what does that mean? It means NIRP. Not formal NIRP, but ZIRP with high inflation. This may provide a soft reset and devalue a lot of debt. So this is a good thing if you have assets and debt. It's a bad thing if you don't have any assets. This will make rich people richer and poor people poorer. It's going to decimate cash savings. It's going to result in real wage decreases. But I do think they will be able to inflate deflation away. It's their stated goal now and they have the printing press.

[Anonymous No.20851987]

So it the stock market going to start crashing again or is it in a completely different universe from the real economy at this point?

[Anonymous No.20852190]

Who will be remembered more favorably: Trump or Hoover?

[Anonymous No.20852197]

>>20849729
>gets suicided with 2 bullets to the back of the brain
RIP

[Anonymous No.20852249]

>>20849868
>“Annualized” implies that you merely subtracted the GDP at the beginning of the period from the GDP at the end of the period, and determined what the average growth rate in each year had to be in order to reach that ending GDP.
The U. S. economy had contracted -32.9% in the last year

[Anonymous No.20852428]

>>20849843
When you gonna step up to 1 million like me and drive a jeepney?

[Anonymous No.20852444]

>>20849856
>suicides
>not lumped into covid deaths

Anon, it’s like you don’t want 13,000 for all covid related deaths.

[Anonymous No.20852471]

>>20852249
This. For the quarter it was about -8.2%

[Anonymous No.20852473]

>>20849551
doesn’t matter, holding Stakenet

[Anonymous No.20852511]

>>20850262
Fake and gay

[Anonymous No.20852543]

>>20849757
what crypto should I hold in anticipation of the devalued dollar? I guess I’m too late to get in on gold

[Anonymous No.20852553]

Thinking about making an offer on a house tomorrow is it a bad time

[Anonymous No.20852722]

>>20852511
No, its actually not. Its real. Why do you think they add CO2 into greenhouses? Its because plants grow faster.

[Anonymous No.20852742]

>>20852553
In the US? I am not expert on this but maybe work out when the loan holidays end in your country, my worry with property market is houses flooding the market when loan holidays end and people cant keep up with their repayments. DYOR

[Anonymous No.20852751]

>>20851570
listen to (((LARRY))) goys

[Anonymous No.20853235]

>>20850515
>when 911 happened all flights were grounded for 2 weeks and it resulted in highest heat wave recorded

what a surprise you don't even understand how science works as a concept

[Anonymous No.20853428]

>>20851859
https://www.youtube.com/watch?v=WFoC3TR5rzI

[Anonymous No.20853438]

>>20849827
>>20849798
Exactly, the doomerfags are taking their anger out on statues and yelling in each other’s faces while the Chads figure out ways to succeed in a downturn. Some ppl are just using carona as an excuse to be lazy. Get healthy and stop eating fucking microwaved dinners and triple fried food. Stop dinking Coca-Cola and other disgusting shit. Get the fuck out there and make that money.

[Anonymous No.20853512]

>>20850800
>vaccines for corona viruses exist
oh, anon.

[Anonymous No.20853657]

>>20850756
https://youtu.be/XmtlO1i6-5c

[Anonymous No.20853763]

>>20849868
>3rd and 4th quarters will go completely back to normal

[Anonymous No.20853851]

>>20851570
>STAY THE HELLLLL AWAY FROM GOLD GOYIM! AAAHAHAHAHA!

[Anonymous No.20853866]

>>20849729
why does nobody believe me when i tell them this? or they just look at me funny

[Anonymous No.20853870]

>>20849516
I can't wait to take my LINK gains and move to glorious Nippon.

[Anonymous No.20853939]

>>20850332
literally have your money in anything other than fiat retard, we are in the greatest economic recession in human history how the fuck can you be so retarded just buy chainlink already how fucking much do you need to be spoonfed honestly you probably deserve to lose the 40k if u cant figure this out

[Anonymous No.20853968]

A Euro is $1.18 again. DXY heading for 2018 levels.

muh dollar collapse

[Anonymous No.20853998]

>>20850183

70% LINK 20% ETH 10% PHYSICAL silver.

This assumes you already have some food and gun stores.

[Anonymous No.20854391]

>>20850394
Really dude ? Blockstream is financed by Jacob Rothschild

[Anonymous No.20854503]

>>20850756
The only attractive one is the black woman. Weird..

[Anonymous No.20854968]

Dollar replacement is here. Its called XLM

[Anonymous No.20855781]

>Fake virus kills no one
>people that are unemployed never had a job one to begin with
>all sectors of business currently opening and functioning except maybe bars
>people back to normal without extra $1200 a week
AAAAAAA ITS HAPPENING HOLY FUCK WE ARE SO SCREWED

[Anonymous No.20855852]

>>20855781
>t. 12 year old girl

[Anonymous No.20855870]

>>20854968
fuck this meme

[Anonymous No.20855942]

>>20849757
thanks trump!
thanks obama!
thanks bush!

[Anonymous No.20855960]

Crypto will not save us from this shit

[Anonymous No.20856027]

>>20851778
bro its not like they are fucking taking turns. they are both happening at the same time. one we can control the other we cant cuz its the fucking sun. get your shitty logic outta here

[Anonymous No.20856740]

>>20849551
haha tiktok drowns out ticktpck of doomsday clock
also brrrr

[Anonymous No.20857110]

>>20849551
As a Millennial 2008 completely fucked me it took me years to get a decent paying job and priced me out of real estate for a decade, I’m only just getting on my feet now at 30. Zoomers are seriously fucked I do feel bad for them

[Anonymous No.20857225]

>>20855942
thanks Clinton!

[Anonymous No.20857448]

>>20852543
XRP BABY

[Anonymous No.20857478]

Friendly reminder that the only number that matters is the number of nukes

[Anonymous No.20857512]

>>20853866
Have you ever tried telling a AI on the internet that they aren't real?
It's kind of like that.
50 % of the population can't even sub vocalize, they literally have no inner voice. That is why democracy is retarded. 50% of the population cannot even 'think'

[Anonymous No.20857559]

>>20851859
big bad booty daddy says hang all niggers

[Anonymous No.20857607]

>>20857512
Yep. And then you give each of these literal subhumans equal say to an intelligent person. And in any case, the only choices are clowns who try to dance to the wishes of the subhumans. Also, the Jewish media tells the subhumans what to want, so effectively the Jews rule from in the shadows, as always.

[Anonymous No.20857973]

i believe there will be enormous capital flight from traditional investments(that are built on quicksand) and into tangible assets like precious metals, and decentralised alternatives that cut out the middle man put power into the investor(crypto)

do you think its a coincidence we have seen a surge in 'DeFi' crypto in recent months?

I am banking on a major crypto and precious metals bullrun over the next 12 months as hundreds of billions of dollars flee the ponzi scheme we call the western economy.

[Anonymous No.20858076]

>>20849516
Safex fixes this. Literally. Mine Safex Cash and you'll be rich in 2022. Buy some normal Safex as a hedge.

[Anonymous No.20858337]

>>20858076
But Safex is not a scam?
i just google SAFEX and lot of accusations.
better to avoid it

[Anonymous No.20858511]

>>20857973
What you say sadly does not make sense. If there is a stock market wipe-out, along with bank bail-ins, everyone will be selling their exotic investments to either A) survive, in case they got destroyed in the rest of the market B) buy up the rest of the market cheaply. For this reason, I'm thinking to sell this local "top" in Bitcoin and go all-in cash or some very safe bonds for the time being.

[Anonymous No.20858569]

>>20849551
I believe at this point boomers and their pensions are much more fucked than zoomers. Because zoomers have time to recover, boomers don't.

[Anonymous No.20858595]

>>20858569
Boomers have houses to live in or sell. Don't cry for them.

[Anonymous No.20858612]

>>20857512
>>20857607
Yeah but intelligent people are retarded too and I can prove this. Half of the people have different opinions on politics than the other half. Both sides include intelligent people but only one side can be correct.

[Anonymous No.20858637]

>>20849757
This

[Anonymous No.20858648]

>>20858595
Ohh you you think the real estate bubble won't pop during all of this? Lol just wait. Additionally real estates will be the first things governments will try to make money off. Why? Because they are IMMOBILE.

[Anonymous No.20858666]

>>20856027
ok let me give you perspective
I am holding like 4 lit candles standing 20 yards away from a burning house on a winter night
Which of the two is actually keeping warm? the many candles with tiny little flames relative to my body or the fucking blazing fire of the house?

[Anonymous No.20858695]

>>20858666 and trips
i might feel the candles but the fucking house fire is literally changing my body temp

[Anonymous No.20858719]

>>20849868
It is an annual crash of 133% retard!

[Anonymous No.20858721]

If you’re reading this, wake up. You’ve been in a coma for 2 years and we’re trying a new technique through Neuralink technology to reach you. I will guide you slowly.

[Anonymous No.20858741]

>>20858721
thanks op i woke up from coma and cum on cat she hiss at penis

[Anonymous No.20858745]

>>20858721
stop this lmao

[Anonymous No.20858763]

>>20858595
Boomers are also the ones with remortgaged houses and 1 or more apartments that they rent

[Anonymous No.20858805]

>>20858721
Please get me out of here I cant take more of this hellscape for much longer

[Anonymous No.20858883]

>>20858511
https://en.wikipedia.org/wiki/Capital_flight

[Anonymous No.20858901]

>>20850515
Jesus Christ, how can anyone be this retarded... this is literally a 3rd grader's perspective on the world

[Anonymous No.20859013]

>>20858883
I know what capital flight is, it just won't necessarily travel in the direction that you expect, away from traditional investments and into exotic ones. In a time of uncertainty it doesn't make sense to increase risk by investing in some autist's code.

[Anonymous No.20859017]

>>20849516
I'm a zoomer from Scandinavia and in debt to my government through educational loans. I heard people say that they think there's an incoming deflation of the European economy, and if that's true I'm gonna be absolutely buttfucked by debt, right? Any idea how I can turn my situation around?

[Anonymous No.20859031]

Who cares its going to kickstart LINK's adoption so its all good

[Anonymous No.20859067]

>>20850515
Wow! This is retard at the highest level!

[Anonymous No.20859088]

>>20859017
Meh, they'll probably adjust the debt if that happens.

[Anonymous No.20859144]

>>20859013
do what you will anon, but anyone who sells BTC for stocks and bonds in 2020 is going to one bitter loser in 2030.

[Anonymous No.20859211]

>>20852543
If the US collapses, staying on top will be the least of your problems. All the totalitarian regimes would swoop in the whole free world, there's pretty much nowhere to escape, except perhaps death.

[Anonymous No.20859224]

>>20850652
No you dont. I actually attend Stanford. Larp somewhere else, retard.

[Anonymous No.20859232]

>>20859144
Hmm, maybe. But worse come to worse, you still need to go through exchanges if you want to sustain on BTC. And the government in a time of crisis can easily ban any bank deposits from such exchanges, to prop up their own currency.

[Anonymous No.20859479]

>>20858612
Surface level take, both sides include intelligent people and neither side is correct

[Anonymous No.20859487]

>>20850515
this is what leftists actually believe lol. gtfo greta

[Anonymous No.20859567]

>>20858612
>only one side can be correct
wrong and is the exact issue of subhuman voters.

No nuance.

[Anonymous No.20859684]

>>20858612
>you are either A or B, goy, decide now, choose your personality lol

[Sage No.20859690]

>>20849843
Welders make an average of 35k, they have to inhale toxic fumes everyday and work physical labor.

This is pure cope

[Anonymous No.20859955]

Can't wait for Q3 numbers on homeless, unemployment and bankruptcies

[Sage No.20860023]

>>20855781
Christ I've never seen someone live in such a false reality

[Anonymous No.20860107]

>>20859211
the self-importance of americans never ceases to amaze

[Anonymous No.20860150]

>>20855781

[Anonymous No.20860309]

>>20860107
>WWI
>WWII
You're welcome.

[Anonymous No.20860359]

>>20859224
yes I was larping, how would you have known without your elite Stanford education? you wouldn't have :)

[Anonymous No.20860373]

>>20859232
>go through exchanges
Owned BTC for 8 years and have never used an exchange. Banning bank deposits, which would never happen, wouldn't solve anything, instead it would make cash flow OUT of BTC much more difficult for the newcoiners and morons that use exchanges, and would only increase government distrust, which would certainly not prop up a governments currency. And a strong dollar is why China has beaten the US. The goal now is for the Fed to print like mad to weaken the dollar as we bring manufacturing back to the states. Weaker dollar benefits exports and equities because cash in a savings account isn't worth the thought while interest rates are low. But they are low to encourage investment. Trump spent years of his term labeling China as a currency manipulator, which meant nothing, and instead is using COVID as an excuse to devalue.

>>20857973
Crypto and PMs are bullish simply because of printing and stimulus. Savings accounts are worthless and interest rates will stay low until inflation starts showing up in a couple years, at which point inflation will pay off cheap debt or will inflate equities, pms and crypto. Either way investments win, cash loses. It's not fleeing the "western economy" it's fleeing of government controlled and printed fiat. China is developing a state digital currency and I'm sure the US will follow the same route. In mean time print the bubble because it doesn't need to pop if you replace it entirely.

And precious metals are surely in for a surprise when the gold stops being delivered. They can wipe their ass with paper gold at least.

>>20859211
US hegemony is the only thing collapsing, which means instead of trying to keep the power over the world we took after WW2, we can focus inward. If the US were to "collapse" or balkanize it would be from within and the value of the dollar would have very little to do with it.

[Anonymous No.20860397]

>>20858648
City real estate is already popping, suburban and rural real estate is where the demand is shifting which will require building new houses instead of buying existing ones. One day if you're lucky you might own property, and when you own property you pay property tax. Every year. Governments already make money off of property and it has nothing to do with immobility. Did you know if you own a car you pay taxes, every year? Shocking I'm sure, you might get to that point someday in your life.

[Anonymous No.20860450]

>>20860373
>bring manufacturing back to the states

[Anonymous No.20860483]

It has to be this way

[Anonymous No.20860878]

>>20858901
welcome to biz