/biz/ - Business & Finance

[Anonymous No.21957822]

AAAAAAAAAAAAAAAAAAHHHHHHHHHHHH!!!!!!

[Anonymous No.21957851]

where to keep money to avoid getting destroyed?

[Anonymous No.21957880]

>>21957851
Curious to this answer, someone pls explain to us financelets

[Anonymous No.21957899]

>>21957851

Assets like BTC and stocks in companies that are great allocators and growers of capital.

[Anonymous No.21957919]

>>21957851
Instead of having inflation that forces you to spend money so they dont lose value, Statera have deflation that rewards holders and punishes bad spending habits. Also very interesting since they invented volume farming

[Anonymous No.21957923]

>>21957851
spend it

[Anonymous No.21957929]

We have been saying this is going to happen why are you surprised? Buy xrp

[Anonymous No.21957931]

>>21957851
>>21957880
stocks, crytpo, and if you're a boomer gold.
Why do you think stocks have been going up nonstop? Rich bois are hedging their funds in stocks because the dollar is about to crash.
Me personally, im all in chainlink, but just as long as you're not holding a bunch of USD and have all your funds in some type of asset you should be all right.

[Anonymous No.21957961]

>>21957822
Doesn’t the Fed have a dual mandate to do manage inflation. Why are they doing this?

[Anonymous No.21957968]

>>21957822
Thank god I only deal in real currencies, like BTC/ETH/LINK. USD is worthless trash, Zimbabwe dollars.

[Anonymous No.21957988]

>>21957880
He was PRETTY FUCKING VAGUE in the interview.
>"Raise inflation over 1%"
Ok, but how much? 1.5, 2.5? 3?
From a TECHNICAL standpoint the announcement was a nothing burger.

The most concrete and potable takeaway is "we are going to inflate".

[Anonymous No.21957991]

>>21957931
Okay, but what happens when the dollar crashes and companies start seeing reality in their quarterlies? Which companies/sectors would be more protected against that risk?

[Anonymous No.21958083]

>>21957991
If you want to follow the inflation, currently stocks are best bet, when the party ends, hedge into crypto/gold.

[Anonymous No.21958144]

>>21957991
The ones that can spoof the most data will be the most secure.
Kind of like how YouTube added the autoplay feature to increase views and add revenue. They increased their overall views even if it doesn't mean someone is actually there watching.
If you can't report high gains then you can always use other metrics like engagement and advertising revenue to keep shareholders happy and push your stock up.

[Anonymous No.21958233]

>>21957822
>Inflation will rise uncontrollably
>And that's a good thing
The funny thing is people will still believe and trust them

[Anonymous No.21958293]

>>21957822
I'm reading the article now. Here's my favorite quote so far "Higher inflation would likely lead to bigger paychecks for most Americans, and a higher standard of living." How out of touch can people be?

[Anonymous No.21958322]

>>21957988
He said that long-term target inflation is 2% and we’ve been way under 2% in 2019 and 2020. So they are increasing the inflation way over 2% to make it average at 2%. My guess is 3.2%

[Anonymous No.21958402]

>>21957851
>>21957880

Gold and silver.

crypto is not safe btc will crash sub 3000$ by the end of 2021.

If you dont think we are in a bubble right now i would advise you to take a look at one of the many .finance copy paste coins on uniswap.

[Anonymous No.21958409]

when will you financially illeterate parrots realize that its all a fucking psychological tactic of desperation
there is NO inflation
fed CANNOT create inflation anymore
for 12 fucking years
year after year cant even hit 2% target
their only hope, in a time when they are desperate for inflation due to covid1984, is to make people THINK they can still create inflation because when people believe the lie they will BEHAVE inflationary and cause real inflation, not from the fed but from the fucking expectation that the fed has power, it doesnt, at a 0 interest rate the fed is fucking powerless, thats why powell wont shut his mouth, printing this printing that we gonna flood the world with dollars, yeah its all fucking bullshit

they cant even print money, yeah that brrrrrrr bullshit that you fucking peabrains think is real it doesnt exist, and not digitally either
creating bank reserves =/= printing money
balancesheet expansion =/= printing money
qe =/= printing money
money is only created within the PRIVATE banking system, ie. the primary dealers USING bank reserves the fed creates
if the private banks dont do anything with the reserves then NOTHING HAPPENS, its been like this since 2008 you naive idiot

[Anonymous No.21958494]

>>21958322
>way under 2%
if you believe their talmudic lies. real world inflation is a lot higher than the CPI.

[Anonymous No.21958495]

>>21957899
where to find girls like pic related without AIDS?

[Anonymous No.21958576]

>>21958409
Smooth brain doesnt even know that the banking cartel have changed the definition of inflation and the sheep tards eat it all up like good lil pussy bois.

[Anonymous No.21958609]

>>21958322
oh

>>21958409
I give up, I'll never be able to know if any of these fuckers are lying to me without a PhD in economics and 20 years industry experience of my own. Fuck all of this

[Anonymous No.21958682]

>>21958409
So what's going to happen with commodity prices? Is the dollar just gonna maintain strength and remain the king? What about real estate

[Anonymous No.21958728]

>>21957822

People are going to trade their Usd for anything that is less inflationary and can be used. Crypto has the most upside by far.

[Anonymous No.21958729]

>>21958495

Anywhere outside of the USA.

Caribbean, Canada etc.

[Anonymous No.21958804]

>>21957851
>>21957880
The technological singularity is coming!
50%TQQQ/50%LINK and you will become rich beyond your wildest dreams!!!!!!

[Anonymous No.21958811]

>>21957931
>Why do you think stocks have been going up nonstop?
because jews are manipulating the stock market to pretend like the economy is okay. my IRA's value has doubled since march for no apparent reason. bad news.

[Anonymous No.21958817]

>>21957851
Crypto obviously

[Anonymous No.21959000]

>>21957851
>>21957880
store your money - value - in anything that isn't fiat, that's the short but clear answer.

[Anonymous No.21959105]

>>21958576
go parrot some more idiot
the old m0/1/2/3 system is OBSOLETE in the modern world, no economist with an iq above 80 will measure inflation using moneysupply because broad money is impossible to measure thanks to interbank lending using all kinds of collateral that becomes effective money, you cant measure moneysupply if you dont even know what constitutes as money in the first place
better suck down some more pseudeconomics from bullshit jewtubers instead of educating yourself,

[Anonymous No.21959208]

>>21958402
lol

[Anonymous No.21959320]

>>21959105
>no inflation
>Prices of shit keeps going up
>money supply keeps going up

[Anonymous No.21959352]

>>21957851
Property is inflated as well so precious metals and crypto probably the best bet

[Anonymous No.21959437]

>>21959000
This guy knows wassup. Literally any vehicle other than fiat

[Anonymous No.21959450]

>>21958409
prices still keep going up, yet im told there's no inflation

[Anonymous No.21959460]

>>21958293
Yes lets make enough dollars so everyone is a millionaire!

[Anonymous No.21959469]

>>21957822
If you understand one simple thing, supply & demand, you will become rich (in fiat).

What has unlimited supply? Fiat
What has limited supply?

Treat non inflationary assets (real estate, crypto) like you would your retirement savings plan. Just slowly put in a bit of your income into either one and hodl like you've never hodl'd before.

[Anonymous No.21959514]

>>21957931
stop shilling chainlink
you should've sold 2 weeks ago, and now you're recruiting bag holders.

XRP is literally backed by gold now and is set to explode.
reminder Sergey hold 65% of the supply and don't forget to play fudbingo before you try to fud the standard

[Anonymous No.21959515]

>>21959352
Isn't it good to have your property inflated? The house you purchased will keep up with devalued money if you decide to sell.

[Anonymous No.21959646]

>>21959460

[Anonymous No.21959649]

>>21958609
It's pretty simple. Think about this for a second:
>It's 1850's in the states
>low population, much work to be done
>wages are high due to low population, money is used to lure people to come from Europe
>loans have high interest rates because you make it back and much more, easily

2020
>wages are low due to saturation(this is not necessarily bad though) and market not booming, stagnation, no real raise in productivity or wealth
>government keeps this status quo as the other option is depression
>interest rates are nonexistant because no real investment opportunities exist, only ones that will be done due to cheap money being available

So basically they just won't let the market correct itself, let the old and shitty businesses crash and make people unemployed for a while, after this new companies will come and generate real wealth

[Anonymous No.21959661]

>>21958729
>Caribbean, Canada etc.
he said without aids

[Anonymous No.21959664]

>>21959320
>>21959450

try looking at the price of something other than your chinese toys and bigmacs

[Anonymous No.21959727]

>>21959664
line go up, you just proved my point

what about housing,rent, healthcare, college?

[Anonymous No.21959783]

>>21959450
name 5 everyday items that are going up in price.

[Anonymous No.21959839]

>>21957851

Crypto. Also, buy a butt ton of food that keeps now so less expensive grocery shopping later.

[Anonymous No.21959845]

>>21958409
what do you consider inflationary behavior?

[Anonymous No.21959855]

>>21959783
rent, healthcare, college tuition, housing,

okay, you got me, i named 4

but everyone uses these everyday

[Anonymous No.21959857]

>>21959783
Soda, beef, chicken, toilet paper, soap.

[Anonymous No.21959887]

>>21957822
the fed only says this because they are massively scared of deflation and want to trick everyone

[Anonymous No.21959907]

>>21957899
>>21958729
cheese & crackers I'm in love

[Anonymous No.21959912]

>>21957961

We gotta save the rich people's investments at all costs!!!

[Anonymous No.21959957]

>>21959783
Everything in the fucking grocery store, you blithering ape.

[Anonymous No.21959987]

>>21959857
>soda

Overweight /biz/ detected

[Anonymous No.21960042]

>>21959727
inflation is an average for everything you nigger
some things more expensive + some things less expensive = no inflation

[Anonymous No.21960045]

Printer go BRRRRRR!

[Anonymous No.21960143]

>>21957919
Shut up raj

[Anonymous No.21960178]

>>21959887
I think the Fed is going to keep printing for decades until the dollar collapses and is replaced by a virtual coin (think: That 1980's economist magazine cover). Letting the dollar deflate and crash will be politically catastrophic.

[Anonymous No.21960235]

>>21958811
Well at least you know it’s bad news and you didn’t buy a new house or something

[Anonymous No.21960307]

>>21960178
That would require the rest of the world to ditch the dollar, which they can't do. USD too stronk at this point simply because everyone looks to it. Not saying the switch to a digital globall currency is impossible, but we'd probably be looking at 100 years+

[Anonymous No.21960309]

>>21960178
>decades
I think u mean months son.. we don’t have years

[Anonymous No.21960328]

>>21957822
THIS MEANS DEFLATION!!! ALWAYS DO OPPOSITE!!! CASH WILL BE KING. ALL ASSETS WILL CRASH!!! THE GOYIM WON’T HAVE ANY CASH ON HAND TO GRAB UP ALL THE CHEAP ASSETS WHEN THIS HAPPENS AND THE JEWS WILL OWN 99.99% OF THINGS VS THE 99.0% THEY OWN NOW!!!

[Anonymous No.21960390]

>>21957931
Dollar is not crashing as personal debt is at all time levels, that’d be like total debt forgiveness if the usd hyperinflated. The Jews will cause deflation to make it harder to lay the debt off and as people get close to paying off their debts switch to hyper inflation to destroy all their savings, all the who\lie the average Joe misses out on the best buying opportunity of his life

[Anonymous No.21960530]

>>21957822
1k
Eoy confirmed

[Anonymous No.21960586]

>>21957822
IM SICK OF THIS SHIT. THEY CANT KEEP GETTING AWAY WITH IT

[Anonymous No.21960768]

>>21958811

There are two economies. You got the top 20% of earners who live in gated communities and where most of the economy is built around, and then you have the 2nd world country outside the gated communities that are basically irrelevant and don't matter to the economy much. We Brazil and Russia now.

[Anonymous No.21960822]

>>21960307
If America itself ditch the dollar and adopt a digital coin, then the world will adopt that new Fedcoin. No change in the status quo so America loses nothing in the dollar collapse.
>>21960309
I was just being conservative. My gut feeling says dollar will collapse and be replaced with a digital coin within a few years.

[Anonymous No.21960890]

>>21957851
Hard assets. Land, non-rental real estate, precious metals, physical (non-perishable) commodities, invest in non-US companies that produce physical commodities. If you think the USD will flip to a digital currency then put some money into XRP.

Anything else is a waste of your money. BTC will flash out when a crisis hits because when people flood into it transaction times will slow to days. No one will use it after the initial pump.

[Anonymous No.21961006]

>>21957899
>>21957919
>>21957931
>>21957968
>>21958817
>>21959839
I cannot stress this enough: crypto will not last in an economic collapse. It's an emergent property of tech developed and useful only in times of abundance. If there is a USD collapse, 99.99% of crypto will be valueless, and the crypto that retains value won't be able to be traded due to rolling blackout and infrastructure collapse due to disrepair.

The USD collapsing or hyperinflating isn't some "lol, look at the Fed boomers being retarded, brrrr" it's people literally starving. Crypto won't be worth a single fucking thing if the USD collapses before a digital USD swapout occurs.

[Anonymous No.21961051]

>>21961006
boomer cope

[Anonymous No.21961106]

>>21959514
I have 2.1k.
Will I make it?

[Anonymous No.21961173]

>>21957822
In what way is this supposed to be surprising?
They literally pumped trillions of dollars into the economy and told you step by step as they did it.
What did you THINK was going to happen?

[Anonymous No.21961210]

>>21961006

Bitcoin can recover, the USD can't.

[Anonymous No.21961220]

>>21961173
The vast majority of people, ESPECIALLY midwits, suffer with crippling normalcy bias. They convince themselves that the "experts" are telling them the truth, and just go about their day.

"Huh, I wonder why food is so much more expensive than it was two months ago? Must be me misremembering, the experts told me there's no inflation." etc

[Anonymous No.21961260]

>>21961210
Bitcoin doesn't do anything. It has abysmally slow transaction times, and provides no unique benefit that other, superior cryptos have. The only reason it's worth anything at all is because the markets are fundamentally irrational. BTC is the TSLA of the crypto world.

[Anonymous No.21961301]

>>21961220

I wonder how many people forgot that everything in an aluminum can was about a dollar cheaper before the trade war with China.

[Anonymous No.21961319]

>>21959783
Got the email a couple months ago that my tuition was going up. Shame since my college is a nonprofit.

[Anonymous No.21961369]

>>21957822
if you werent already expecting this...

[Anonymous No.21961403]

>>21957851
Why in these threads does no one ever mention buying a cache of weapons and ammo??
Guns never depreciate. And in times like now only appreciate. I spent 20k on guns and ammo in the last two years. Added up for market price now if I were to sell everything (which I would never) and it’s almost 30k in value.
They are physical machines that you can not only store wealth in but defend your life with and sustain yourself.
I swear..\biz\ is about 80% kikes.
Funny part is if you are a burger, good luck buying good gats and ammo now. Everything is sold out. Private sales are through the roof. You can still get good guns, you’ll just be paying 1.5-2x’s as much as you would be last year.
Obviously I’m not suggesting to dump all your $ into them. But a sizeable amount. The collecting/building phase is very enjoyable and addicting as well.
t.\k\bro

[Anonymous No.21961407]

>>21957851
Digital oil

[Anonymous No.21961420]

>>21961301
You fucking commie shills will be executed. Literally 90% of US governors were on a CCP- approved list- meaning China compromises these puppets. They are behind the common core mathematics they are behind the BLM propaganda. It is all china. China wants us dead. China wants us slaves. China wants to see the US tear itself apart from within. We are in a Cold War with China.

[Anonymous No.21961478]

>>21961006
This is why I didn’t buy crypto 2017-now.
Yea, that didn’t work out so well for me.
There will be a collapse.
It just won’t be for years to come. It will be a slow burn. In the end we’ll all be surfs again.

[Anonymous No.21961492]

>>21961420

Oh, I'm pro trade war with china, if it was done sensibly and not by a potato retard with no idea what he was doing. Fuck you.

[Anonymous No.21961517]

>>21961420
You’ve been watching too much Alex Jones, fren.
Swap the word Kike/Jew for China and you’re spot on.
Although China is in a lot of ways worse than Israel, granted.
But a secondary problem, for sure.

[Anonymous No.21961523]

>>21961403
Based. Guns really are a good investment. A have around 10.

[Anonymous No.21961532]

>>21961006
link has more utility use than traded use

[Anonymous No.21961539]

>>21961301

Look at this absolute midwit right here >>21958409, he's a prime example. He buys MMT hook, line, and sinker, but doesn't even stop to think for a second when people prove him wrong that he may be wrong.

>Food gets more expensive every year, increasing by 4% IN A SINGLE MONTH this year
>Housing gets more expensive every year we don't have some catastrophic market failure
>Healthcare gets more expensive every year
>Wages have stagnated and the increase in "benefits" doesn't offset the ever-increasing price of living
>But stocks keep going up! Real people don't need wages to pay for things like food, housing, or healthcare, they just need to see the stock market continuing to go up!
>It's great that there's no inflation

This is the midwit mentality. Able to take the evidence right in front of their face and twist it to fit the narrative fed to them by people they perceive as being an authority. Recognize the signs and symptoms in yourself and others so you don't fall down the retard hole like this guy.

[Anonymous No.21961597]

>>21961420
This guy is absolutely right. Nuclear weapons have meant that major powers conduct warfare through subversion, because outright hot wars are MAD. We are currently at war with China and much of the Islamic world.

[Anonymous No.21961608]

>>21959664
>he doesn't know about hedonic adjustment
NGMI anon

[Anonymous No.21961626]

>>21961403
Because it's assumed. I tell those I care about to make sure they have:

Water purification, 3 months food stores per person, guns & ammo, and precious metals in order of importance. If they're wealthy enough to invest in bigger things like a warehouse filled with copper ingots, I tell them to do that too.

[Anonymous No.21961630]

>>21961006
>guy reees about crypto
>doesn't show goldbacks
your'e never gonna make it

[Anonymous No.21961631]

>>21961597
What part of the equation are you missing? It involves our ‘greatest ally’.

[Anonymous No.21961666]

i am getting rid of the rest of my usd and opening long positions in companies like PG, i already rode the tech wave up, now i am forced to own PG because i don't want to be punished for saving cash instead of using massive amounts of debt to fund a lifestyle i don't want.

[Anonymous No.21961744]

>>21960307
You're delusional, China and Russia already use more Euro than dollar

[Anonymous No.21961759]

>>21961626
Based.
Although I’m fairly certain the majority of the people in this thread have never touched a gun.

[Anonymous No.21961760]

>>21957919
>have
pajeet detected

[Anonymous No.21961803]

>>21961759
Mad jelly of that setup, bro. That looks like God's country.

[Anonymous No.21961855]

>>21961220
if they don't have an excel breakdown of their costs, I'd take any bullshit speculation on "increasing prices" with a grain of salt. I'm convinced most of you retards are just straight clueless or buy some absolutely supreme shit. all my balance sheets show virtually non-existent inflation in the everyday things I buy. the biggest fluctuations are usually seeasonal produce and gasoline.

[Anonymous No.21961916]

Bros WTF? Just came from the store to see this shit. Is it literally happening?

[Anonymous No.21961984]

>>21958495
That's a dude called vanniall.

[Anonymous No.21962058]

>>21958402
There will come a time when it will be very hard to even get physical gold and silver. Supply is already very tight right now. I'm waiting 4-5 weeks for some of my orders.

[Anonymous No.21962105]

>>21961608
and? hedonic models are more realistic representations for calculating inflation, no one buys a new tv each quarter so why weigh it the same as a pair of socks

[Anonymous No.21962135]

>>21959855
They fake CPI for shit people aren't buying other than consumer electronics. Everything that people actually have to buy has increased significantly. Cost of living is MUCH higher than it was 10 years ago. MUCH MUCH more expensive than 20 years ago. What it costs to just exist...not these bullshit consoooomer items. It's insulting that they do this and that shill faggots come here and defend it.

[Anonymous No.21962164]

why do people say crypto is a safe store of value?? corona chan completely dumped crypto 60% in march, along with the stonk market. I hold crypto but thats absurd thinking..

[Anonymous No.21962180]

>>21961803
It is.
I also suggest to everyone here gtfo of the cities before it’s too late.

[Anonymous No.21962218]

>>21961006
the market is rigged and they wont let it dump until everything has been swapped

[Anonymous No.21962224]

>>21961759
Can you even buy handguns right now? I feel like every time I go online to look at inventory in stores like Bass Pro Shop, everything is out of stock.

[Anonymous No.21962271]

>>21962135
proofadoodledoo

[Anonymous No.21962277]

>>21962105
That's a very shallow understanding of one kind of hedonic adjustment.
The issue is that types of hedonic adjustment such as product substitution bias, per the Boskins commission, assume that there is always a choice to substitute the older product for the newer and better and more expensive one when that's not always the case.
Oren Cass breaks this down very well.

>For example, our inflation-adjusted data say car prices have not increased since the mid-1990s. Obviously, that's not remotely true. What economists are saying is that cars have gotten better so the higher sticker price doesn't reflect inflation, it reflects higher quality.
>Fair enough. But, if you're a family that needs to buy a minivan, while it's nice that the 2018 Grand Caravan ($26,300 in 2018) has many features the 1996 Grand Caravan ($17,900 in 1996) did not, you still face the problem that you need an extra $8,500 to buy one.
>A key assumption of our inflation-adjusted analyses is that old products are still available. Don't like / can't afford the $26K 2018 Grand Caravan, go buy the $18K 1996 one instead. Except you can't. Same problem is even more pernicious in areas like housing and health care.

https://twitter.com/oren_cass/status/1230505649794166785?s=20

[Anonymous No.21962278]

>>21962180

I hate to tell you this man, but in times of economic hardship it's the countryside that get's fucked harder. For all the problems the cities have and will have, it's still a better situation to be in. In the country you are simply cut off and left to die.

[Anonymous No.21962352]

>>21958293
They treat their audience like they are retarded kindergarteners... which they are.

[Anonymous No.21962359]

>>21962224
armslist.com

[Anonymous No.21962365]

>>21962164

A fixed supply crypto is a long term hedge against inflation. Provided that adoption isn't shat on in the next 30 years by some bullshit like advanced AIs trading crypto or like some blockchain emulating a quantum computer and breaking reality.

[Anonymous No.21962380]

>>21957851
Physical GOld and silver obv

[Anonymous No.21962441]

>>21957822
Hahahahahahhahaha How The Fuck Is Inflation Real Hahahaha Nigga Just Give Money To Banks Like Nigga Just Print More Haha

[Anonymous No.21962446]

>>21962278
Except the countryside has space and often people with the ability to produce food and build small communities. The only reason the countryside suffered so hard during the 30s is because of a massive unprecedented drought that caused the Dustbowl. The cities will be a hellscape of niggers literally eating one another a la Johannesburg, impossible to get food into due to trucks being knocked over by the closer-to-white-IQ blacks that run their gangs.

[Anonymous No.21962478]

>>21962164
Because they don't understand that serious hyperinflation/currency collapse will make the internet a luxury that most won't have until the governments can get back on their feet.

[Anonymous No.21962493]

>>21961420
Urironically correct. Anyone employed in an intelligence agency will tell you the same

[Anonymous No.21962520]

>>21962380

What happens when we mine asteroids for that shit?

[Anonymous No.21962549]

For people who don't understand CPI. They track things generally. For example, if people are eating beef and it goes up 10%, so people switch to chicken, then the CPI says "hurr hurr, they were spending $10 on meat and switched to a $9 meat, therefore they are spending 10% less on meat, so the price of day to day life is deflating". It does not compare apples to apples unless people are stubbornly buying apples.

If an item is 100% required, they will underweight it, exclude it entirely, or do something stupid like pick the one neighbourhood with stable real estate prices and use it as the baseline.

[Anonymous No.21962565]

>>21962520
None of us, our children, nor our grandchildren will live to see asteroid mining.

[Anonymous No.21962610]

>>21961006
why would you not go towards a store of value that by design mitigates the problems that caused the crash in the first case? labeling crypto as emerging is an understatement when the solution to the problem is that very emergence. to propose that any young bright-minded individual in a digital age would look for 100 years old solutions is just absurd - carrying around gold or keeping estate during an insurrection is quite inconvenient. I think it is more probable to look at the recent events of hyperinflation (think Venezuela). Their gold is useless. BTC was the hedge. There has never been a scenario with hyperinflation in the western world after the inception of BTC.

[Anonymous No.21962651]

>>21962549
So, are there any private entities tracking prices?
Surely some random universities or institutes or whatever could've done this, at least at a local level
Then maybe in one city you'd get 3% inflation, in another 5%, in another 1% and you could get some realistic number out of that
if its as spoofed as you say then it should be fairly easy to show it

[Anonymous No.21962652]

>>21962446
>dude, just farm it's easy lmao. We already got farmers and we can tax the farmers more too. I'm sure the agricultural mega-corps will let that happen.

[Anonymous No.21962687]

>>21962277
the 2018 model is still better and cheaper than the 1996 model when you adjust correctly instead of comaparing nominal price tags from different years

[Anonymous No.21962716]

>>21961006

While I do own a decent stack of physical silver, LINK is literally designed to work in a declining economy.

It is designed to replace hundreds of human hands working in vast swaths of the economy.

So yeah, LINK is a pretty good hold, and probably BTC just because people cling to bullshit.

Anything else is suspect though, true.

[Anonymous No.21962746]

>>21962278
Only I have 2000 acres of arable farmland, a flood irrigation system for a 2 acre garden in my yard, months of fuel for my generators, food storage and months of food supply. ‘Agreements like and Good relationships with the few neighbours I have.
I’m 5th gen. My family were literally eating ground squirrels in the 30s to survive. We crawled up out of the dust and rebuilt. Not only rebuilt but were orders of magnitude better off than before.
We will do it again.
But please, tell me how you are better off..genuinely curious.

[Anonymous No.21962808]

>>21962610
>why would you not go towards a store of value that by design mitigates the problems that caused the crash in the first case?

Because it has outstanding counter- party risk and makes amazing assumptions that simply are not accurate. Crypto relies on the current levels of technology to continue to exist or improve in the future, which is not a safe assumption at all. In the event that the very thing they're supposed to hedge against occurs, they won't be operable because they exist entirely within the system that will go down when the thing they're supposed to hedge against occurs. The USD collapsing, a Carrington event, a massive attack on a superpower's electrical grid, etc will completely wipe out the whole structure allowing crypto to exist.

To think that it can't happen is a special sort of naivete born of normalcy bias. We live in a time where the whole of civilization is founded on a system that is unprecedented in its actual (not conceptual) fragility, and we're wailing on it as hard as we can. You want short-term gains? You want get rich quick schemes that may actually pan out? You want to try to time the top of a pump-and-dump? Do it with stonks and cryptos. If you want wealth that will survive catastrophe it must be a tangible, physical asset that does derive its value through the functioning of complex systems.

[Anonymous No.21962819]

>>21957961
MV=PQ
M=Money supply
V=velocity
P=price level
Q=real wealth

Right now money supply has increased, velocity crashed, gdp crashed, so price level will rise. The fed had a long standing tradition of raising rates to curb inflation but with the economy in the toilet, raising rates will stop the stock market run and cut growth more. I think this will just be stagflation 2.0

[Anonymous No.21962830]

>>21962716
see >>21962808

[Anonymous No.21962840]

>>21962746

Oh, I thought you were referring to the communities as a whole. Of coarse individuals can do well. I was thinking of all the laid off factory workers and other rural workers currently committing suicide and hooked on opiates. Witch is not going to be getting any better.

[Anonymous No.21962861]

>>21962520
shut the fuck up

[Anonymous No.21962866]

>>21961006
at that level, guns, ammo, food and water are your top assets

[Anonymous No.21962896]

>>21962808
that does NOT derive its value...*

[Anonymous No.21962933]

>>21962866
Yes
>>21961626

[Anonymous No.21962956]

>>21962808
The USD collapsing is not an apocalyptic event
you can still run the blockchain
even if 100% of people in the united states magically can't pay their power or internet bills (wont happen) there are still people outside the US who will run the blockchain just fine

[Anonymous No.21962988]

>>21962956
Is the USD goes down the whole fiat system globally goes down. Real estate is not owned by most companies working within it. Cascading defaults on mortgages and leases will cause many companies to close, including those that manage things like the power grid and servers.

Everything is connected directly to the USD. Everything.

[Anonymous No.21962989]

>>21961403
>Guns never depreciate.
Go buy a gen 2 Glock police trade in

[Anonymous No.21963009]

>>21962830

You should just buy guns and beans if you're planning for that eventuality.

Planning for the end of the world isn't even worth planning for because it becomes a lottery roll if your genetics will make it through a proposed NEE.

[Anonymous No.21963031]

>>21958402
There isn’t enough gold and silver on the planet

[Anonymous No.21963049]

>>21963009
No one is talking about a parodic apocalyptic scenario, anon. Try to have some nuance.

[Anonymous No.21963219]

>>21960328
This. He’s jawboning retards into buying the top.

[Anonymous No.21963278]

>>21962840
The reality is that in the next depression, everyone will be on their own. Back then my family was so poor for so long they hardly noticed the difference until the drought started. Everyone was self sustaining and lived in a homogenous society that had a value system which essentially opposes what we have now.
We have never seen hard times.
Millions of people are completely dependant on the state to survive. When it comes down next time, we will be witness to horrors beyond comprehension.

[Anonymous No.21963328]

>>21962989
You’re saying they depreciate?
I don’t understand the point

[Anonymous No.21963399]

>>21963328
He's saying that cops abuse the hell out of their guns and that makes them depreciate.

>>21960328
>>21963219
If you guys believe this then you should buy precious metals. An ounce of gold may only be worth $1000 dollars, but by the time a deflationary spiral has been going on, that will be $1000 in 1919 money.

[Anonymous No.21963503]

>>21961403
Guns are practical and I advocate for owning them. It's not really feasible to keep $100k+ of net worth in them, though.

[Anonymous No.21963537]

>>21963399
Ah. Well.. I have two M1s that Are almost 80yo have been fired Thousands of times. They went from 2300-2500$ each to over $4000 in the span of two months. (I’m a leaf, it’s complicated)

[Anonymous No.21963570]

>>21963328
>>21963399
>guns never depreciate
>never
Milsurp, sure. Everything else? Depreciates like a car.

[Anonymous No.21963580]

I'm getting a hunting slingshot if we ever get another stimulus check. Guns are not an option for my current situation.

[Anonymous No.21963628]

>>21963537
Classic firearms, like classic tools and cars, are an appreciating asset if kept in good condition. Things created in the Age of Consooming are depreciating.

[Anonymous No.21963641]

>>21957991
Mining stocks, also anything that is essential. Agriculture and food shit like ConAgra, energy, you get the idea. But remember line can also go down, which is why you buy some physical gold and silver too as a hedge against funny business in the stock market and currency.

[Anonymous No.21963648]

>>21961420
A bunch of rice farmers engineered a multi-century plot to destroy us.
You are a very good goyim for not looking at the real masters.

[Anonymous No.21963676]

>>21963503
That’s why I didn’t put 100k into them.
>>21963570
You think that holds true right now? I know a guy who is selling old flare guns for 5x their price right now to the US. People are buying them and converting them to single shot 12ga because they can’t find guns/ammo in their cities.
He sells 5-10 a week, from Canada.

[Anonymous No.21963722]

>>21962520
Let me guess, you think humans flew to the moon on a 1960s machine?

[Anonymous No.21963738]

>>21963676
Fuck off.
>Never
>well, in a panic ...

[Anonymous No.21963739]

Inflation is great, because it keeps the working classes where they belong, but also force them to be even harder workers and hopefully stop being degenerate retards who'd rather sit on their ass watching television instead of producing values. This should force them to pick up a secondary or even third job instead of having free time. Idle hands is the downfall of civilization after all.

[Anonymous No.21963753]

>>21960178
They have less than 10 years left.

[Anonymous No.21963842]

>>21963739
This is only true if we lived in a capitalist society. Our socialist welfare policies ensures these people just slip into the lower class, become reliant on welfare, and pump out generation after generation of spiteful mutants.

[Anonymous No.21963891]

>>21963842

If welfare was socialist, then it would be shares in companies being given out, not food stamps.

[Anonymous No.21963962]

>>21963738
I only own milsurp. And a few high demand modern pieces. That should have been the caveat.
Even modern guns, if you sell they will be sold for only slightly less.
Now post guns, faggot.

[Anonymous No.21964077]

>>21962746

Based Okie. I think its ironic to see Californias fleeing their home state that THEY fucked up with shitty politicians, and it's still as beautiful as ever. I might fly out there and buy a nice tract of land after the exodus really steps up in the next year or two.

[Anonymous No.21964082]

>>21958402
Just like how gold is going back down to 1000 a toz and silver back to 12 a toz in 4 years like it does every single recession.
inb4
>New paradigm, gold standard comes back tomorrow!
lmao

[Anonymous No.21964128]

>>21960822
The government loses nothing, the people who stores their fiat in other assests lose nothing, the poor fags who live paycheck to paycheck lose nothing, it's only savings fags that get fucked and they're probably the dumbest of all people.

[Anonymous No.21964190]

>>21963891
>Government makes its money through taxing the labor of individual workers, the products of companies, the exchange of goods, and capital gains
>Then redistributes the wealth it appropriates to those who produce nothing
>B-b-b-ut it isn't REAL socialism

Unironically neck yourself.

[Anonymous No.21964235]

>>21962866
>>21961006
The swap to digital currency is going to happen before the collapse, there won't be a civil war either. The US government will become openly tyrannical, all the gun cucks will do nothing about it, and we'll be executed based on our 4 chan posting history.

[Anonymous No.21964269]

>>21962271
get in the oven

[Anonymous No.21964360]

>>21964190

the military is also paid for with taxes, is the military socialist?

[Anonymous No.21964408]

>>21962271

[Anonymous No.21964559]

>>21964360
No, the military is a part of the legitimate function of the state. Don't try to drag me down into your Talmudic word-games, retard. The government exists to enforce contracts, defend the population, and little else. It is not supposed to be a nanny or ace in loco parentis.

[Anonymous No.21964576]

>>21962687
...that’s literally price inflation. You have just made the argument that prices are inflating faster than wages. Are you agreeing with me?

[Anonymous No.21964624]

>>21963676
So he's selling burner guns to spics and niggers to kill each other with? Based.

[Anonymous No.21964647]

>>21964190
>Tax is socialism
Shut up lolbert. Social programs dont equal socialism.

[Anonymous No.21964654]

>>21957931
>Why do you think stocks have been going up nonstop?
Infinite helicopter money buybacks?

[Anonymous No.21964718]

>>21958494
Did you know that Shadowstats hasn't increased it's subscription price in 15 years? I thought that was interesting.

[Anonymous No.21964730]

>>21964647
Yes, they do. The world doesn't exist on binary scale, you retard. Economies are never perfectly any conceptual economic system, they are more or less socialistic based on how many/how strictly enforced those socialistic policies are. America has been a warfare-welfare state since The Great Society was incepted, and unto this day. We're more socialist than not.

[Anonymous No.21964751]

>>21957822
Oh great, that $1,000,000 BTC only because a loaf of bread is $1,000,000 is happening

[Anonymous No.21964941]

>>21964751
Monkey's paw

[Anonymous No.21964968]

>>21964576
I said inflation has been dead since 2008
2008!
Im dont give a shit about anything before 2008
2008 is the point in which interest rates got artificially surpressed and the fed lost all its power to create inflation
you idiots want to pretend thats not true for some reason because your chicken nuggets costs more or some pseud told you in a video for the mentally impared or youve really been brainwashed by the central banks propaganda to convince the lay consumer that the fed is still in control of the financial system and inflation is coming hot and fast (because the fed didnt really want inflation the last 12 years, they werent really trying, they failed to meet inflaation targets on purpose, now theyre serious though, they mean it, inflation is coming so you better prepare for inflation guys, I mean it its really coming this time, they will reach their inflation targets this time I promise)
idiots

[Anonymous No.21964977]

>>21964730
That's not socialism. Socialism is the ownership of businesses by its workers. There is no such thing as a degree of socialism within an economy. Either businesses are publicly owned or privately owned. Stop talking out your ass. Socialism is a defined thing and america is not that.

[Anonymous No.21964994]

>>21959515
You would lose it all and more buying your next house

[Anonymous No.21965039]

>>21964977
So a wagie at McDonald’s has a valuable opinion?

[Anonymous No.21965047]

>>21963278
>When it comes down next time, we will be witness to horrors beyond comprehension.
Could you please elaborate more?
Does that mean if depression were to occur and one does not have a self-sustaining farm and land they'll die?
And even if they own land, wouldn't they get attacked?
What's the correct play?

[Anonymous No.21965081]

>>21960890
Re: non-US companies, what are your thoughts on emerging markets?

[Anonymous No.21965093]

>>21965039
What the fuck does that even mean

[Anonymous No.21965123]

>>21962819
What's a knowledgeable person like yourself doing in a place like this?

[Anonymous No.21965151]

>>21965093
Does the opinion of a minimum wage low skilled worker matter is what he's saying.

Newfag.

[Anonymous No.21965187]

AHAHAHAHAHAHA
DEFLATIONARY INDICATOR AS FUCK

J POW DESPERATE
VELOCITY OF MONEY IS NULL

[Anonymous No.21965214]

>>21961597
>Nuclear weapons

Nukes are fake. Have some common sense, idiot. Jews won WWII. You believe them?
Hiroshima and Nagasaki were fine after we “nuked” them but we needed to drop a MOAB in Afghanistan a few years ago?

[Anonymous No.21965272]

>>21965151
Who the fuck said anything about fags working at micky d's.

[Anonymous No.21965319]

>>21964408

>Tfw still at home at 30 because rent in MA is 1100 a month for a tiny studio in a ghetto neighborhood

I JUST WANT A PLACE WHERE I CAN BANG SLUTS. IS THAT SO MUCH TO ASK

[Anonymous No.21965382]

>>21965319
Don't worry. Inflation has been below 1%. That's what the kike shills tell us. It must be something personally wrong with you...

[Anonymous No.21965431]

>>21965382

I mean, depression will fuck anyone up, but still. I'm working 40 hours a week in a technical job for close to 20 an hour, and it's just NOT enough. MA is especially awful. With any luck prices will collapse and richfags will flee the cities. I'd love to swoop in on a cheap apartment in NYC or something so I can mouth harass art-hos. I'll even deal with the high crime, 70/80s era NYC looked fun.

[Anonymous No.21965751]

>>21963739
i hope youre joking because this is some psychopathic shit you just wrote

[Anonymous No.21965858]

>>21965319
>IS THAT SO MUCH TO ASK
I'm having this mentality, except I'm 24 and don't even want to bang sluts. I can't stand my boomer parents. They constantly need emotional support like children.

[Anonymous No.21965913]

>>21965751
That is unironically how your masters, and a lot of ppl here think. Inflation(and taxes) exists to keep you trapped, not because they "need the money" that they just print out of nothing anyway.

[Anonymous No.21965987]

>>21959839
>pic
i'll be able to buy one of those when XRP red shifts over the cosmological event horizon.

[Anonymous No.21966009]

>>21965858

I had a very tough time in my 20s. Worked a sad retail job in a vault as a book keeper, got verbally abused by shitty managers. Went home and hid in my room while my family ignored the fact that I was essentially a suicide risk. Got fired, had to be a care taker for my senile aunt and watch her fall apart day by day (she was like a mom to me too, real mom is a depressed mess that ignores her problem).

Being here is soul sucking, so again, I've gone back to being a recluse, but this time I have the nice bonus of making good money while being stuck here. I'm ready to cut these people loose from my life entirely. It's a scary thought to be totally alone in the world, but a thrilling one.

Remember that YOU need to come first man. If your parents are dragging you down, ESPECIALLY in your early adult hood, drop them.

[Anonymous No.21966220]

>>21964977
>Socialism is the ownership of businesses by its workers.

No it fucking isn't, you illiterate retard. Socialism is the ownership of the means of production by the state. What new-age "social democrat" bullshit are you on? A workers co-op is not socialism, it's a form of small-scale, strict communism.

You are completely illiterate when it comes to macroecon, what the fuck are you doing in this thread?

>>21965081
tl;dr not worth it unless the people in the emerging market countries are entirely replaced with people from first world countries.

Waste of money. The third world is the third world because of the people who live there. They will never be able to produce anything near what the west or the east can because their citizens are not capable of it. No matter how much capital is injected, they will still need more workers for the same work, more supervisors to keep them on task, a lack of creative endeavor, the bucket of crabs mentality, and the corruption.

[Anonymous No.21966245]

>>21962808
I think tangibility/physical is a poor way of defining value under such circumstances. What it comes down to is utility. Gold for example has little utility during a catastrophe. A high value utility could be systems like blockchains to help societies re-structure themselves. In that way it could be indispensable for a quick recovery - all it requires is a running cellular connection+smartphones, the blockchain won't go anywhere just because the internet disappears for a week. (Also I know that projects like Cardano are working on microchip "crypto-cash" that would not require a running internet connection). So, in the end, it comes down to what society priorities and the circumstance - what the most meaningful action is at the time and it could be an efficient re-organization of a financial system, to get the entire engine running again if the situation allows it. Maybe automatic rifles will be the most valuable asset, maybe it will be gold but you have to carry it. But I will certainly bet it will be top 10 crypto as it follows the pattern of the hyperinflated economies of today.

[Anonymous No.21966399]

>>21966245
The main issue is that crypto is a thing the average schlub is ignorant and fearful of. In a USD collapse scenario there will be periods of time wherein people will need to transact directly with one another in things other than the governing currency. It is true that in Venezuela people have been using USD, BTC, and PMs to buy and sell in place of the Bolivar, but the BTC utilization is relegated to a small number of people who know how to do that, and have access to the tech. The majority of the population trades in USD and PM.

[Anonymous No.21966637]

>>21961006
ffs not everybody is a doomsday prepper understand that. There are really people out there who honestly believe internet and electricity will be available most times.

[Anonymous No.21966713]

>>21958409
idiot. we already have quite decent inflation. Google shadow inflation. Apart from that i consider items i want to buy and that got more expensive also as inflated despite that they are not included in official inflation stats. A house for example.

[Anonymous No.21966774]

>>21966399
yes, boomers are the biggest threat against crypto. but if its US contra Venezuela we're talking about a global financial collapse is imminent and that means a lot of reconfiguration of value. Crypto can assist if utilized and is probably the fastest way to recovery. and I certainly hope the crypto UX will be far better by the time we see peak recession/catastrophe. I am not so sure it will be this year.

[Anonymous No.21966838]

>>21966774
i don't think so. Boomers have money and they are starting to dig into crypto. Lots of 40-50 year olds at my work started talking about BTC and that it has a fixed amount available and blabla. Tbh, i see big bommer funding incoming and i'm extremely bullish for BTC because of that.

[Anonymous No.21966966]

>>21966713
this post is hillarious
haha thnx for that

[Anonymous No.21967039]

>>21965272
Your retarded

[Anonymous No.21967131]

>>21966838
40-50s is gen x

[Anonymous No.21967162]

>>21966966
>haha i find your post funny
You're out of arguments again?

[Anonymous No.21967244]

>>21967131
yeah whatever you say, rougly:
50s-60s Baby boomers
70s - 80s GenX
90s GenY
from 2000 on zoomers

[Anonymous No.21967336]

>>21967162
yes, please write more
I like people like you
I didnt understand what you said, explain it to me better please, maybe I could learn something

[Anonymous No.21967373]

>>21963648
this this this this this this this this this this this this this this this this this this this this this this this this this this this this this this this this this this this this this this this this this this this this this this this this this this this this this this this this this this this this this this this this this this this this this this this this this this this this this this this this this this this this this this this this this this this this this this this this this this this this this this this this this this this this
thankyou

[Anonymous No.21967601]

>>21964968
There's been plenty of inflation since 2008, that's retarded.
The only reason the Fed can't reach their "inflation targets" is because over the years the measurements of inflation have gotten so screwed up in order to hide the consumer price inflation there already is, that it's functionally impossible to meet.
It's the same as me saying "I want to be able to deadlift two plates. I'm going to keep taking steroids until I can do that." then me welding the plate weights to a metal platform and when I can't lift them because they're welded to the platform I'm standing on saying "oh no I can't deadlift two plates, better take more steroids".
And this is not just my thoughts, this is provable. If you look at inflation measures from before the Boskins commission (that's the blue line, it's what we used before we intentionally started fudging the CPI numbers), you can see that we've been hitting about 6% yearly, including since 2008.
There's plenty of inflation, you're just in denial and seem to think that stringing together insults is the same as providing arguments or data.

[Anonymous No.21967715]

>>21966838

Sell signal. They don't have the hands to see their portfolio in red and panic sell into a cascading crash.

[Anonymous No.21967740]

>>21967336
well, basically your very first post showed you didn't even understand how the Fed is creating money. You know what a bond is? You know that these liabilities indeed appear in the balance sheets of companies and states and are eventually paid back. One man's asset is another man's debt. I think its funny you thought the brrrrrr meme is about printing money on a printer, every kid knows above. Did you think the fed has some hidden room with a giant printer in it? So coming back to your initial argument, if M2 is at an all time high and money velocity is speeding up, what you'll get is real inflation, not only in government stats.

[Anonymous No.21967810]

>>21965047
We are in uncharted territory as a society.
The last 50+ years we have been forced to take part in a mass social experiment. The experiment being multiculturalism coupled with heavy social safety programs.
Pre 1965, it was more or less whites only immigration plus a very small welfare state. Look how that’s changed since.
We are more divided than ever. The ONLY thing keeping this house of cards standing is govt gibs. Once they stop, anything is possible.
I don’t know what will happen. But it doesn’t take much imagination to see the potential.
Six days of supply chain disruption would turn 80-90% of the urban population into ravenous animals. Everyone would be on their own and it would be a true survival of the fittest scenario.
Being on a farm, I would of course not be immune to the chaos. It would eventually spill to my little corner of the world..
What that looks like.. I have ideas but ultimately, who knows.
I can only suggest people arm themselves and to start preparing mentally for what is coming. Prepare to lose loved ones. Either from violence or sickness. Prepare to live a quality of life much lower than you have now.
I put myself in survival mode financially, Even though I don’t need to.
When you’re shopping, try to get the most needed things for the cheapest etc
Learn to live with less shit. Be less of a consumer. Save. Buy guns and ammo/food.
Be safe.

[Anonymous No.21967849]

>>21967601
This, 100%. How is the house you live in an asset? What arguments are there to pull it out of official stats. Shadow inflation is about 6% per year. The main challenge is simply trying to keep your net worth.

[Anonymous No.21967859]

>>21967244
Post 64 is genx

[Anonymous No.21967922]

>>21963278
if global supply chains are suddenly cut off and agricultural production goes down quickly for whatever reason, this can be expected. However i think it will go slower and there will be some time to adjust. It won't be easy, but it won't be the end.

[Anonymous No.21967965]

>>21967859
yeah looked it up, you're right, it was just a rough summary.

[Anonymous No.21968060]

>>21967922
Of course it won’t just end. I just heard something on talk radio about how meat price in Canada has jumped 26% since Feb. because of chain disruption. Everything is 5-30% more expensive here in the last few months alone. Agriculture was riding on a shoestring before all this horseshit happened. People have no idea how close it is to imploding as a whole.

[Anonymous No.21968067]

>>21967810
what are you investing in?

[Anonymous No.21968076]

>>21967601
do you even know why the cpi formula was changed in the first place
it was an inaccurate formula with an incorrect weighting ratio from before the second war, its not just unrepresentative of modern consumption its also inflexible and for a fixed market from a era that doesnt exist anymore, the pre-globalised world, you cant use a basket and market from the 50s and say this represents the consumer market today

I can do the same, If I use a consumer basket from the 1500s and its market, basically just food and clothes, then yeah you have inflation not just at 6% anually it would probably be 15~20%

[Anonymous No.21968163]

Brainlet here, what would the impact be to real estate?

[Anonymous No.21968171]

>>21959460
We are now officially in a doge economy.

[Anonymous No.21968219]

>>21957931

This.

Also cheap credit to pump into said assets. Inflation causes debt to go down.

Fucking hate this shit.

[Anonymous No.21968228]

>>21957822
Ausfag here. Will this trickle through to other countries as well? Are we basically all fucked if we hold fiat?

[Anonymous No.21968238]

>>21959839
Sauce on the fucktoy?

[Anonymous No.21968258]

>>21968076
explain why a 1500s inflation basket of food should have an annual inflation of 15-20% compare to today? That is plain bullshit. Agricultaral productivity and higher relative wages would for sure show that you pay far less today for the food you need that you had to pay in the 1500s. Your examples don't make sense, above you show you don't understand basic fed actions. What do you want to prove in an anonymous basket weaving forum?

[Anonymous No.21968293]

>>21968067
I’m not the one to be asking advice for investments as I’ve made some very poor choices in the last three years.
I have invested a lot in collectable millitary rifles/ammo.
Just started playing with crypto in the last two months. There is a potential shitload of money to be made. But it’s not so easy I’m finding. Has been a good distraction from the bullshit going on around us though, if anything.
I have some in swipe, robonomics, singularityNET and MantraDao. They all seem like they have potential longer term. But I’m just a dumb dirtfarmer who is out of his element.
Have some money tied up in an old truck I’m trying to sell, about 20k (poor investment)
And I have 60K and counting into an airplane. Half paid off.
t.30yo Doomer

[Anonymous No.21968307]

>>21968228
it won't trickle, your central bank did nothing else with your currency. why should it be different down under?

[Anonymous No.21968313]

>>21959783
GET THE FUCK OUT OF UR MUM BASEMENT

[Anonymous No.21968404]

>>21968076
>do you even know why the cpi formula was changed in the first place

Yes. I am literally writing a report on the Boskins commission right now so I can speak about this at length if you want to.
The assertion that the pre-BC CPI weighting was inaccurate being one of the reasons for the change is not incorrect. However your assertion that it was the only or major reason is incorrect. One of the other reasons that the Boskins Commission was formed was that there was growing political unrest over rising cost of living which was being accurately reflected in the CPI numbers, and it was ultimately decided that instead of acknowledging consumer price inflation was a problem it would be better to come up with a new system that did not reflect the cost of living as accurately and assigned a lower weighting to govt subsidized costs such as healthcare and housing.
Further, the leap you make from "the Boskins commission was done to provide a more accurate rating" to "the results of the Boskins commission are perfect" is not only unsupported but it can be proven wrong.
The post Boskins commission CPI made the weighting worse, not better and that is a provable fact.
As we have already discussed pre-Boskins Commission Consumer Price Inflation (moving forward in this conversation referred to as Pre) places consumer price inflation at approximately 6% a year. Post Boskins Commission Consumer Price Inflation (henceforth referred to as Post) as you've pointed out has the inflation rate struggling to maintain a 2% rating. If we were able to see that the average American's cost of living were rising (in respect to their wages) closer to 6% than 2%, we would be able to say with a high degree of confidence that Post is worse than Pre. So what evidence can we look at to find this?
(1/2)

[Anonymous No.21968508]

>>21968404
leave that guy, he is larping, he tries to argument without knowing anything.

[Anonymous No.21968637]

>>21967810
How do you see the military reacting in that situation? I see us moving more towards a mass surveillance draconian society similar to China before Mad Max mode. But the US is insane so who knows that’s still a real possibility you described.

[Anonymous No.21968644]

>>21964235
I fear this is the truth.

[Anonymous No.21968655]

>>21959514
>XRP is literally backed by gold now
so it will remain a stablecoin, got it

[Anonymous No.21968659]

>>21968404
>"the results of the Boskins commission are perfect"
didnt say this
I was saying the previous cpi formula is inferior due to being inflexible and should be forgotten, its objectivly wrong to use it today
now is the best example of why, with covid1984 dramatically changing consumer behaivor you need a flexible weighting formula, discretionary spending has essentially gone to 0 for the past 6 months, if you used the old cpi, you would have a stupid inflation number because of this, it isnt an accurate representation because it isnt adaptable to changing market conditions

[Anonymous No.21968682]

>>21967810
My parents are first gen immigrunts who still own stores in the hood. We are painfully aware of the fact that whenever the gubmint gibs stop, violence rockets. We are preparing for the possibility of delays and shut downs and have been stockpiling ammo since Jan. If there are any fellow Korean-American bros out there with parents who have businesses in the ghettos: be prepared. See you on the rooftops.

[Anonymous No.21968728]

>>21968508
Hell no, do you have any idea how rare it is for someone to challenge me on something I've specifically spent the last eighteen months researching?

>>21968659
Flawed assertions of yours aside (such as the idea that Pre would have shown a higher than real inflation rate simply because discretionary spending has been reduced when I literally have the Pre in front of me as an excel formula and can tell you that's not how it works), we can still examine Pre and Post and see which fits better to the experience of the average American from 2008 to 2018. If Pre is closer to the reality of cost of living increases than Post, then that shows that Pre is NOT inferior to Post, would you agree? Or do you want to risk throwing your back out dragging that goalpost even further?

[Anonymous No.21968743]

>>21962988

Carrington Event and an attack on the electrical grid. Neither of those are relevant to to this. Of course both of those events would result in abject destruction.

So what's your point? Yeah, a figurative apocalypse will cause chaos. Sure. With traditional systems and everything in between.

You paint this picture of the entire world burning to the ground if the USD collapses. Networks exist outside of the US and though they are correlated (as is the nature of a network, of course) they are not all subject to the same variables.

I find it very hard to believe that the vacuum would not be filled quickly. Clearly many of us believe that cryptocurrency will do just that.

The idea of a USD collapsing and everything falling into chaos before America decides to leverage crypto seems crazy.

[Anonymous No.21968762]

>>21968682
Are you also preparing to get the fuck out of town?
I fully understand the drive to protect what is rightfully yours, but there is a limit. Being in the heart of a ‘hood always had its risks. At some point you just have to cut losses.
What do you have for guns?
Rooftop Koreans are dangerously based. Godspeed.

[Anonymous No.21968796]

>>21957851
gold, buttcoin

[Anonymous No.21968825]

>>21960178
>extra pepsi

[Anonymous No.21968863]

>>21958609
Just assume they're always lying to you.
Easy as that

[Anonymous No.21968904]

>>21959664
this is helpful thanks anon

[Anonymous No.21968953]

>>21968728
>If Pre is closer to the reality of cost of living
yes, thats self evident

since you have it, out of curiosity what is 2020 Pre-cpi then, I pressume its way below actual cpi, real cpi oil weighting went to zero basically due to the oil crash and transportion lockup

[Anonymous No.21968973]

>>21968762
We have an exit plan. Depending on how bad it gets we might just shoot our way in to collect important assets (we have five stores) and then shoot our way back out of the city. Thankfully my parents aren’t so stubborn that they’re willing to die over hopelessly defending their shit. We have enough guns (everyone has their own AR, shotgun, two hand guns, and two spare AR’s). Also okay on food, water, SHTF gear like fire starters and water purifiers. I really want to get the local Korean businesses together but everyone is flush with Trump bux profits right now (the kings & queens have been spending like crazy) and they don’t seem to think the good times will end.

[Anonymous No.21969022]

>>21968953
Bruh gotta stick to one thing at a time. So just to be abundantly clear so there's no room for wiggling out of it if I were to, say, prove beyond a shadow of a doubt that Pre was closer to cost of living from 2008-2018 than Post, you would acknowledge you were wrong and Pre is NOT inferior to Post and that there has been inflation since 2008?
I just don't want to spend the time doing it then have you say "oh no I want X, Y, and Z".

[Anonymous No.21969049]

>>21957822
>miners says 21 million bitcoin is not enough
>0 btc imminent

[Anonymous No.21969078]

Peter Schiff was RIGHT

YOU ONLY HAD TO LISTEN

[Anonymous No.21969079]

>>21961006
>it's people literally starving
if people are *literally starving* I'm not going to invest in your stupid metals I'm going to buy bullets and shoot you for your food, you boomers are so exasperating

>>21963570
>Milsurp, sure. Everything else? Depreciates like a car.
Can you back this up? It sounds wrong.

[Anonymous No.21969093]

>>21968637
There will be money to be made from unpaid millitary personal, it will be like when the Soviet Union was forcefully dismantled by the US.

A one ounce bar of gold bribe will probably get you an old frigate (Oliver Hazard Perry Class), an F-18 or two trucks of heavy weapons.

[Anonymous No.21969097]

>>21969022
yes
on one condition, it disccounts asset prices
that means pure consumer prices

[Anonymous No.21969109]

>>21958293
Leftists are fucking retarded and so is trump.

[Anonymous No.21969140]

>>21958409
Holy shit Keynesians are fucking retarded

[Anonymous No.21969145]

>>21969097
1) Define assets
2) If I do this, will you post sharpie in pooper?

[Anonymous No.21969161]

>>21968163
Real estate will increase in value. However, if you are a landlord expect your tenants to default and it to be illegal for you to evict them.

[Anonymous No.21969193]

>>21964082
Are you a small child?

I really hope you don't have a single ounce of rare metal, I hope your all in crypto.

No medical or survival knowledge.

[Anonymous No.21969196]

Doomporn headline.
They're letting inflation rise artificially so that they can keep interest rates down for longer. They want to improve consumer confidence.


but
>gov prints trillions of dollars
>what I need to pay my taxes? Why do I need to pay taxes if they just print trillions of dollars?

[Anonymous No.21969228]

>>21968743
>I find it very hard to believe that the vacuum would not be filled quickly.

This is my main point. The vacuum will eventually be filled. "Quickly" is a relative concept. It could be filled in months, it could be filled in years, but however long it takes to be filled will be an extremely terrible time. During this time you likely won't be able to trade crypto, and people will be hungry. When and if (can only be stopped by USD switch to digital or postponed by hot war with chins) the USD hyperinflates/collapses you will need physical assets to survive the interim until the new financial order can be established.

Banking on the idea that the turmoil won't be "that bad," or that it will only take a few days is a fool's bet.

[Anonymous No.21969231]

>>21962610
How do you use crypto when the internet is off for most of the world? You don't. The value will tank.

[Anonymous No.21969238]

Why do Communists, Nazis, Republicans and Democrats ALL worship central banking?

The only people that are against central banking is Libertarians.

Why aren't you a Libertarian yet?

[Anonymous No.21969258]

>>21958409
This is a boomer faggot that has overdosed on red pills and cannot decipher what is real and what isn't anymore just spews a load of fucking literal garbage from vague actual red pills. The truth is that the US government can print as much money as it feels like and there wont be any deflation or inflation because money literally means nothing and the goyim like you think it still does. Even the faggot commies think money is real capitalist/commies are both the same fuckheads.

>covid1984
Good example of a retarded low IQ boomer that can't understand that not everything is a hoax or a false flag or bill gates trying to shove a vaccine into your arm. Its insane shit if anything I would describe these faggots as useful CIA tools that make the people who actually know what is going on look like some insane gangstalker schizo people.

[Anonymous No.21969263]

>>21969145
discount housing specifically, dont japan me and say a gov induced reinflated bubble is inflation

yeah ok

[Anonymous No.21969280]

>>21968743
Dude have you ever talked to most normies about crypto? They are clueless about it, even young people, imagine trying to train millions of people instantly on this shit in a matter of days or weeks needed to bootstrap a new system, it won't work.

[Anonymous No.21969281]

>>21958293
that is a sinister comment
that comment right there is like a symbol
it's the end of the show of your betters even trying to make stories up that make sense, now they're just straight up telling you shit that doesn't make sense because they are correctly assuming most people are too fucking stupid to know how to read.

[Anonymous No.21969291]

>>21969079
>if people are *literally starving* I'm not going to invest in your stupid metals I'm going to buy bullets and shoot you for your food, you boomers are so exasperating

No you aren't, you retard. Ammunition is hard to get right now, let alone when shit finally does collapse, and you're so fucking arrogant that you won't have a single fucking thing ready when it goes down. You'll be on the street trading your mouth for a sliver of silver or a slice of bread. There's already a shortage in food banks with some US cities reporting lines almost a mile long. I've already got my stockpiles of ammunition.

[Anonymous No.21969301]

Thank you Jerome, the greatest bull market in the history of mankind is beginning.

[Anonymous No.21969353]

>>21969301
The one where the nominal value could double or triple while the real value declines.

[Anonymous No.21969357]

>>21969258
>the US government can print as much money
>US government

put your mask on

[Anonymous No.21969367]

>>21959783
is this bait or have you not left your room for 5 years?

[Anonymous No.21969375]

>>21959469
RE is overvalued already though, even if it's 'deflationary'. 100yo starter homes that are 800sqft on a 1/10 acre lot cost $350k where I live. Shit's not sustainable.

[Anonymous No.21969383]

>>21969353
Oh noes

[Anonymous No.21969429]

>>21969357
Spreading disinfo like you do is nothing more then some glow nigger cia faggot. You literally don't understand how the US government has been printing money since 2019 for months without anyone fucking noticing jack shit. Its because kikes have realized that money is fake. Go put on your fucking MIGA hat and suck off Kushners cut kike dick.

[Anonymous No.21969497]

>>21969291
I own ammunition too I was just contrasting the notions of buying gold with buying bullets.
That being said, why would you *ever* buy fucking silver if you could buy bullets? Is it because ammunition might go bad?

[Anonymous No.21969530]

>>21961403
hello /k/

[Anonymous No.21969571]

>>21958409
This, velocity of M2 is at ATL. There is no inflation, money is harder and harder to create.

[Anonymous No.21969601]

>>21958409
even my barber has a permanent discount now almost divided the price by 2
the local club has -50% discount on all cocktails
deflation is here, not inflation

[Anonymous No.21969654]

today i was out in the town, nobody is visiting the clubs anymore, same for the restaurants

shops are empty

there is no inflation at all

[Anonymous No.21969717]

.

[Anonymous No.21969743]

>>21964718
hawhahwawhawh thank you!

[Anonymous No.21969758]

>>21969263
Housing specifically? So if someone is renting an apartment or a house you don't want to include that in "consumer prices"? Or do you just mean home ownership and not rentals?

[Anonymous No.21969765]

>>21957851
ample

[Anonymous No.21969810]

>>21969571
There's been inflation in gold and silver, housing, airline tickets, equities, commodities.

[Anonymous No.21969842]

>>21958409
isn't the fed also a private bank?

[Anonymous No.21969858]

>>21969810
Food is outrageous, NY Strip Streak was over $10 a lb. at Walmart the other day and I live in cattle country.

[Anonymous No.21969895]

>>21965319
Lmfao poorfag

>>21965751
Wagie wagie stay in cagie

[Anonymous No.21969934]

>>21960390
This is an excellent post.

[Anonymous No.21969936]

>>21958293
This is hilarious. They are so out of touch it's fucking pitiful. Yes of course, Mr.Sheklestien will gladly give you more money! That's why he laid off the entire qualified American IT staff last year to outsource it all to India for chump change! Because he just loves paying his workers as much as he can and not cutting as many corners for personal profit as possible. Yup.

[Anonymous No.21969946]

>>21957851
How has no one else answered yet this way... mining stocks, anon. Mining stocks.

[Anonymous No.21969954]

Why do Communists, Nazis, Republicans and Democrats ALL worship central banking?

The only people that are against central banking is Libertarians.

Why aren't you a Libertarian yet??

[Anonymous No.21969979]

>>21967601
thankyou azeri turk

[Anonymous No.21969987]

>>21969758
yes, for both
either discount it, keep it fixed or exclude it
no financialised assets

[Anonymous No.21970010]

>>21969946
BUY AURCANA

[Anonymous No.21970047]

>>21969954
This, I roll my eyes at natsocs on /pol/, what did the Nazis do when they gained power, they acted just like Jews building another central bank and going around looting Europe of its gold and art.

[Anonymous No.21970067]

>>21958293
So right now is the perfect time to buy a house?

[Anonymous No.21970145]

>>21969954
voting for jorgenson!

[Anonymous No.21970146]

>>21968655

kek this goy gets it

[Anonymous No.21970169]

>>21969238
This. Noone likes libertarians because they think they're pedos and murderers and rapists which cpuldn't be firther from the truth. That's what anarchists are. True libertarians love having freedom but they also need a police force to enforce public safety and property rights.

[Anonymous No.21970199]

>>21968637
Tin-foil time, but a lot of this Covid saga is about US intelligence agencies boosting the surveillance state of the US to better compete with China's. The US can't exert as much overt control over the population like the Chinese can, but they can reach the same result through more clever means and "private" corporations like Google, Facebook, Amazon, etc.
Never let a good crisis go to waste.

[Anonymous No.21970200]

>>21969954
The fed is allowing the greatest wealth transfer in history to take place. Take part in it or waste a once in a millennia opportunity.

[Anonymous No.21970261]

>>21970169
Libertarianism isn't popular because most people can't handle the level of personal liberty it requires to work. Most people like being told what to do.

[Anonymous No.21970278]

>>21970200
You think they'll let average people take part in this? Do tell how we can take part tho.

[Anonymous No.21970343]

>>21970278
The stock market dummy, Dan Pena also gives free information on how to consolidate companies. Use your brain.

[Anonymous No.21970387]

>>21969987
>discount housing specifically, dont japan me and say a gov induced reinflated bubble is inflation
Of course that's inflation. Govt induced bubbles are literally the main cause of most inflation.
>>21969987
Ah so you're already asking me to fudge the numbers pre-emptively.
Well, no. If you want me to bother showing Consumer Prices are inflated, you don't just get to exclude one of the main Prices that Consumers have to deal with just because you already know its Inflated. That's just the equivalent of what I said earlier, >>21967601 you don't get to weld the weights to the platform you're standing on then tell me you can't lift two plates and so clearly the steroids aren't working.

[Anonymous No.21970417]

>>21970261
That's a pretty idotic mindset. You have to fight to improve your life no matter what system you live in. Life will always be a struggle. I'd just prefer for the outcome to be in my hands. I'd also prefer more opportunities to improve my life versus less opportunity in exchange for perceived safety (as long as the governments stay trustworthy) but more poverty.

[Anonymous No.21970457]

>>21970417
>That's a pretty idiotic mindset
No shit. That's why most people have it.

[Anonymous No.21970492]

>>21970343
you joking? good fucking luck making billions of the stock market as a normal person

[Anonymous No.21970540]

>>21970492
May not make make billions but you can make millions, then you can do whatever you want, retire or keep trading.

[Anonymous No.21970549]

>>21970540
yeah i doubt that

[Anonymous No.21970563]

>>21970549
Poor mindset.

[Anonymous No.21970641]

>>21960042
>Look Tony, your Rent is up by 5%, cell phone and internet are up by 6%, groceries are up by 3%, transportation costs are up by 5%, and your wage has only got a 1% annual increase this year. But don't worry, the price of fax machines, lan lines, and dial cable are down by 40% so that makes up for it.

[Anonymous No.21970726]

>>21970641
Wages actually increased under Trump.

[Anonymous No.21970748]

>>21970387
asset bubbles have nothing to do with consumer inflation, especially when its a single outlier
stocks and bonds arent included in the price level so why should housing remain the same after its been financialised thanks to the government and zirp pushing banks into mortgage harvesting to find yield

thats the whole point, the real cpi corrects for this by reducing the weighting, especially an unsustainable asset bubble. If we had actual inflation in the general price level of everything and not just housing then you wouldnt even notice how expensive housing is, its only because its such an outlier that it stands out and once you adjust for it you eliminate the majoirty of your inflation. Same with s&p, remove the mania fang stocks and everything is going down, a properly weighted s&p will show the economy is in a serious recession, the s&p as it is now shows a booming economy, whats your problem with adjusting weighting ratios, this is the correct way to get an accurate representation by adjusting for fundamentally different market conditions

[Anonymous No.21970850]

>>21970726
>not adjusted for inflation
AHAHAHAHHAHA

[Anonymous No.21970875]

anyone else getting "declining roman empire" vibes

[Anonymous No.21970889]

no

[Anonymous No.21970915]

>>21970748
Wow, every single thing you just said was nonsensical and wrong, that's incredible.
You have gone from "there is no inflation" to "there is absolutely inflation in housing but it doesn't count" to "there's inflation fucking everywhere but it doesn't count because it's government induced inflation".
First of all, claiming that housing/rent "has nothing to do with consumer inflation" is on its face retarded. Housing/rent is literally the main cost for most consumers. This is again the equivalent of welding the weights to the floor and saying you're too weak to lift 2 plates.
Second, whether you're counting housing/rent rises as a "standalone" among assets or consumer goods, you're wrong. P/E ratios are at record highs, yields are at record lows due to exactly the govt induced inflation you pointed out, and food/healthcare/education/transportation/housing are all increasing far faster than wages in every major city in America.

You're literally admitting that the Post CPI "corrects" for government induced inflation, but that's the whole point. Government inflation IS the problem, Post adjusted their index in order to hide the fact that the government was creating this problem.

[Anonymous No.21971001]

>>21970850
Trump was fixing real wages, until the illuminati pulled covid out of its hat.

[Anonymous No.21971074]

>>21959987
Does Mtn Dew no sugar count?

[Anonymous No.21971118]

>>21960235
Is buying a house a stupid idea in a property bubble city?

[Anonymous No.21971155]

>>21970915
once again
financial asset inflation has no bearing on consumer price level
stocks and bonds are not part of cpi, no asset is part of cpi, EXCEPT housing which was big in the old cpi BEFORE housing became a financialised shitshow
housing is now effectively considered a financial asset and unrepresentative and therefore should be correctly adjusted and if you ignore financial assets then there is no inflation

[Anonymous No.21971471]

>>21969497
To barter with, I assume.
I’ve shot bullets from 1944. As long as its stored properly, ammo lasts decades.