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Why did American boomers think it was ok for people to turn housing into an investment ponzi scheme instead of literally just a place to live?
>>24242308because it made them richer
>>24242308Ok i see not many people get this but let me explain how bad things truly are.Ever since the reinaissance nations used gold was the reserve currency in one way or another(the romans also used gold and all other civilizations in fact one of the reasons the byzantine empire survived was because they were forced to adopt gold as a currency since hordes arriving at constantinople were better deal with by bribing them than fighting them and the barbarians demanded gold as payment so they adopted gold as a currency once again).Ok i see not many people get this but let me explain how bad things truly are.Ever since the reinaissance nations used gold was the reserve currency in one way or another(the romans also used gold and all other civilizations in fact one of the reasons the byzantine empire survived was because they were forced to adopt gold as a currency since hordes arriving at constantinople were better deal with by bribing them than fighting them and the barbarians demanded gold as payment so they adopted gold as a currency once again).The western roman empire went on hyperinflation and was never able to regain it's stability.https://www.youtube.com/watch?v=5YeEGcrinSM
>>24242308>>24242418Now you may be asking what the hell does rome has to do with the renaissance or gold.Well gold is a natural currency due to it's high stock to flow ratio(the mined stock per year is too small relative to the existing stock) this gives gold a yearly inflation of around 1.50%.The problem with gold is that as a currency it's horrible and hard to transport and protect , in fact the byzantines adopted gold as the official currency due to what i mentioned above but the public still had a fiat currency for everything except paying taxes.So to pay taxes people needed to exchange fiat for gold and then pay the taxes in gold , this gave the government in the eastern roman empire the ability to balance budgets on a currency with 1.50% yearly inflation.So europe ends up getting out of the dark ages and gold is once again a currency, then spain discovers the americas and brings lot's of gold to europe destroying it's economy since this sudden intro of gold caused massive inflation ironicallyhttps://en.wikipedia.org/wiki/Spanish_treasure_fleet
>>24242308>>24242418>>24242446But it also gave the whole of europe a golden age as a stable and abundant currency was introduced.Eventually in the 19th 20th century gold was used as the reserve of fiat currencies.This meant that governments WERE FORCED to balance budgets since they could not print more gold.So from 19th century to 1939 the world prospered in some way constantly even if with massive wars.But at the end of the war the powers united at bretton woods to create a new world trade system but there were a few problems.1_The soviets did not attend.2_They had insane ammount of armies relative to western powers in europe.3_All western powers minus the usa were destroyed.The idea was to avoid the problems that gold had by creating a global currency called the bancor so central banks could trade with each other and devaluate against that currency if needed.But the usa smartly opposed this since in the case of the soviets marching west they were the only ones capable of financing the defense of europe.So at the end on bretton woods instead of the bancor something differnet happened the us dollar was adopted as the reserve currency backed in gold and all other currencies were going to be backed in us dollars.So in the case of a war with the soviets the usa could inflate the usd and break the parity to finance the defense of europe.But that did not happened directly what happened was that after the korean war and eventually the vietnam war and LBJ programs i may add the usa broke the parity with gold.
>>24242308>>24242418>>24242446>>24242472This was all fine to a certain point until one understand that the usd was convertible to gold and countries like france demanded the gold in exchange of the usd.The game theory behind the bretton woods was simple nations WERE FORCED to balance budgets since they could not print usds and the usa WAS FORCED to balance budgets since it could not print gold.But in 1971 this unbalance was so great that nixon broke the gold standard and the world entered into something that never happened since the dark ages.A system based on nothing and no game theory , the usa could print whatever the hell it wanted and other countries could also print what they wanted since now all currencies were floating against each other.This is all fine if there is demand for those inflated currencies thus globalism and opening china , if the velocity of money goes up it's irrelevant to some level how much you print since the demand for said currency also goes up.https://fred.stlouisfed.org/series/M2V
>>24242308Ey no problemo Jorge, just call up 10 of your sisters and brothers and we buy the place all live there odele holmes.
>>24242308>>24242308>>24242418>>24242446>>24242472>>24242493The problem is that disconnecting currency from gold which had a natural low inflation of 1.50% caused massive damage from a game theory because1_Politicians could inflate without problem2_Balancing budgets became irrelevant3_They could change the definition of inflation to hidde the inflation.So first they removed real estate from inflation indexes we went from1_One worker being able to buy a house with two years of minimum wage in 19712_One worker needing a good job to buy a house in a 15 years mortgage in 19803_One worker needing a really good job to buy a house in a 15 year mortgage in 19904_One husband & wife needing to work on good jobs to buy a house in a 30 year mortgage in the 2000sThis is happening because currency was disconnected from a real good with low inflation , gold was not used because muh shinny , it was used due to it's low inflation.When the dxy index that meassures the value of the us dollar relative to other fiat currencies(that constantly devaluate against the us dollar to keep their parity) shows exactly what i mean.Every time the dxy goes down bitcoin & ethereum or other cryptocurrencies which now has a low inflation goes up(and so does housing which also has low supply).
>>24242308>>24242418>>24242446>>24242472>>24242493>>24242521Basically it's a road to hell because every currency is devaluating against each other , the usd / euro rate can be the same for 10 years but relative to real estate both have lost their value.This was not the case before 1971 we are living in an insane experiment and the worse thing is that asset owners benefit from this shit which is leading society into feudalism.As for how do we get out of this , who the hell knows as it seems the elites will introduce ubi to keep capital going up while purchasing power goes down.Maybe if we are lucky bitcoin takes over and forces politicians to reform this system but otherwise it's in their interest to keep it so it's hard to say what's going to happen.Now every time the dxy goes down a few points bitcoin goes up a few thousand dollars due to having absurd low inflation.Get into crypto or rope fiat is literally collapsing this is not a meme but extreme seriously.And yes it's the most blackpilling shit ever to know we are living in an endtime, if it ends like the roman third century or not literally depends on bitcoin and crypto surviving and enforcing a new standard.All other paths lead to feudalism.
Thread is proof that pic related
>instead of literally just a place to live?I didn't know physical space was absolved from supply and demand. Someone should tell God to start making some house-trees so that we can grow them perennially and have enough for all.
My shithole house I bought 12yrs ago at 260k in LA is now worth 480k ... I can literally sell and have 250k to buy a house in another state cash.. this is retarded even for me.
imagine being a retard and blaming boomers when the same money printing you profit from in stocks is the reason housing prices only go up.Literally OP kill yourself
>>24242692Shhh... no more questions anon, only profit.
>>24242617Gold sucks in the digital age due to paper certificates diluting the value , goldfags are retarded , but bretton woods game theory with gold behind worked and so did previous gold standards.
>>24242626>with food and raiment therewith be contentThe bible says nothing about shelter.
>>24242553>>24242521>>24242493>>24242472>>24242446>>24242418based max keiser
>>24242553Feudalism with the most advanced technology ever to exist. They will literally have complete control in 5-10 years
>>24242961Yes and then the system will collapse on itself as it happened.What they will have in ten years is not feudalism it's diocletian reforms to keep welfare states working , what follows after is feudalism as an inderect result.>>24242923Hey someone has to enlighten people one mind at a time.
>>24242989Can't wait to get comfy in the woods, and wait all this bullshit out.
>>24242989Did you write all that or is it a copy and paste? Where did you educate yourself?
>>24243460Write all that but copied it since i posted it in other place and the thread died since i got pissed off lmao.>>24243460>Where did you educate yourself?Live in Argentina fora few decades and you will see a few economic cycles / collapse, add a plus being an history autist interested in economics and you can see why i get this shit.I could probably have an economic degree but the keynsians at university pissed me off with their insane propaganda bullshit at the service of the state.At one point it became unbereable to endure their bullshit specially while the entire country was going to shit due to the bullshit that they sell to society.>>24243148https://www.youtube.com/watch?v=mJX9a7quWQgFarmers & Cryptoautists own their own capital , the only people in our modern society that has that capacity.
>>24243561curtis stone is based. im trying to make enough gains to buy some property because i can see the value of the USD is falling fast
>>24243561Do you have a throwaway email so i can contact you?
>>24243697Same frends going inawoods and living of the land is a good way to position ourselfs.Anyone expecting this clown house of cards to keep going is deluded maybe with ubi and owning nothing and literal neofeudalism but even then they won't be able to touch land since those that produce food have a lot of influence.
>>24243561>Farmers & Cryptoautists own their own capital , the only people in our modern society that has that capacity.most intelligent thing i've read all night. would like to add though that farmers only own their own capital if they have either deeded water rights or high producing ground water wells.
>>24243728Sure[email protected]btw why the fuck do you want to contact me?>>24243816it's a clown show out there more and more people own their own capital as a freelancer you can have as much as 3 intermediaries between you and your income, employees are paid on fiat losing value, companies pay income taxes never updated for inflation the list goes and goes for hours.
>>24243561Are you Argentinian? How can you guys default on your debt 10 times, and still get loans? I know other countries in south america, have done the same, but your guys' situation seems to be getting worse and worse. Also, why has your situation gotten so bad?
>>24242308our standard of living is falling. residential real estate is the only asset that people absolutely need, whether it's rental or ownership. so boomers took advantage of this. they bought for pennies on the dollar 40 years ago and now they've padded the tail end of their life with this scheme.
>>24243898You have talent and I can tell you're one of the smartest people on this board. I like to keep a wide range of skillful anons in my contacts.>t. crypto millionnaire looking to build up his circle
>>24243913>Are you Argentinian? How can you guys default on your debt 10 times, and still get loans? By having a massive food export economy we get usds to pay back eventually even if we let the debt inflate.The keynsians in control of this nation are terrible for real , they are totally out of their minds and have led this country to total disaster with minimum wages now being below haiti thanks to inflation.Of course when you are so full of resources it's in the interest of other nations or world organizations to keep you going, so now china & imf & world bank & bis are giving our government gibs to gain influence.
tl;dr the us currency is not tied to anything and can be printed / multiplied at will by the FED and banks through loans. yes we know. nothing riveting here. and so certain assets are inflated with the fast cash and eventually people get priced out of those assets.
>>24244016So what you are saying is Argentina is basically just a colony.How's the standard of living in Buenos Aires if you have decent money
>>24244000>t. crypto millionnaire looking to build up his circleBased crypto millionaire autist we need to start working on a citadel kibbutz to get away from normies and form a homestead cryptoautist community while they destroy society.Or at the very least on an only hodler forum to communicate between each other after the dxy goes to hell there will be literally cases of people getting tortured due to holding crypto due to how much crypto will moon.In all honestly i don't see this crap ending well , the correlation of the dxy / bitcoin has left the fiat elites totally exposed.>>24243978>>24244048it's worse than that stonks are also floating above the inflation.Basically cash saving function was removed after 1971 and shit like real estate & land & stocks is the only way to save money.
>>24244143yeah. fuck fiat and buy more LINK
>>24242308He thinks it’s boomers who own houses when it’s really just funds, ccp and banks chasing yield. Very few own their own house outright these days anon
>>24244127>So what you are saying is Argentina is basically just a colony.More or less yes and internally it's economic system is based on bribing the gib dependent class into submission.>How's the standard of living in Buenos Aires if you have decent moneyYou will live like a king here, this is crypto paradise due to capital controls exchanges also pay a plus on crypto so if you have 100 usd outside the nation in bitcoin you will get 110 usd here after selling the bitcoin due to shortage here.This is why Andreas Antonopoulos keep coming here literal crypto paradise.With 800 usd you live great here , 1200 usd pretty well 2000 literally like a richfag 3000 usd + a king.Thank the keynsians for that, even us boomer expats are using bitcoin here lmao.
>>24242446based, have you read the bitcoin standard?
>>24242553There is another exit possibility.China and Russia have been accumulating gold.China is planning to drop its dependency on the western sphere and create its own gold backed economy around its sphere of influence.This will accelerate the collapse of our western society and ultimately force politicians to compete with their gold backed currency.But BTC could also be one part of their plan as more than 50% of its hashing power comes from China.From their point of view everything that weakens the $ and our fiat system would be to their advantage.
>>24244193>ccp and banks chasing yieldThe point he mad still stands fiat is broken and everything else is a store of value now thus destroying society in the process.
Ignore all the schizos in this thread, the reason housing is so expensive is pretty simple - strict zoning laws make it illegal to build more housing in most urban areas with job opportunities
Inflation is easy to control once people stop wanting to use the currency. The current economic structure has forced the US into interdependence with China, and with no way out.>>24244016If you're in Argentina, it's probably best to avoid storing your wealth in your own currency. Another phenomena of rampant inflation is when people decide to grow their own food because there is really no point in accumulating currency.
Woah hold up , gold inflation is 2.5% at least currently, could be higher it’d tough to know for sure Meanwhile bitcoin is fixed at 1.79% and halves in 4 years. Itt Gold fags are coping hard and pretending their shit has lower inflation then btc
Everything is not an exit scam it’s simply the elite forever stretching out the wealth gap and stacking(controlling) hard assets, in 2-300 years you’ll be lucky to even know anybody who owns real estate near a major city. As you’ll be lucky to know anyone with their own successful business . The gold standard is never ever coming back, why would it when they can leverage debt to move at 100x the speed, being pegged to gold is terrible from a growth perspective. Monetary policy has evolved, I’m sure Fort Knox etc don’t have half the gold they claim, same as other countries it’s all fake. Bitcoin is the _final_ liferaft.
>>24244229No but i was saying the same things that Saifedean said even before , living in Argentina bitcoin was already our "switft" system due to capital controls.The bitcoin standard thing was rationally for us , it's first worlders who need to read the bitcoin standard since they seem to mix bitcoin in the category of slow payment system , when it's a standard in itself.>>24244237There will be 3 systems1_NAFTA using usd2_China sphere bypassing the usd with a chinese cbdc3_Neutral Sphere using bitcoin , ethereum , monero, litecoin and cryptos with low inflation.The european nations will be under pull of the 3 systems, latin america under the crypto system , africa under the crypto and china at the same time and india who the fuck knows.>China is planning to drop its dependency on the western sphere and create its own gold backed economy around its sphere of influence.I doubt it will be gold , it will be a crypto gold goes agains the central planners..>This will accelerate the collapse of our western society No need for acceleration at this point , just compare dxy / bitcoinThe moment that you realize that the dxy going down was actually ALL FIAT losing value since housing was the only thing with low supply before bitcoin then it clicks how fucked up we are.Bitcoin became a thermometer for this effect ,the tether fud is actually the dxy going down , compare dxy / bitcoin / minted tether.It's all fiat losing value since all currencies devaluate against the usd anyway so dxy going down signals all fiat going down.It's a system built without any game theory in 1971 we are now seeing it's endgame.>and ultimately force politicians to compete with their gold backed currency.They are not going to surrender their power peacefully which is why there is so much social shit going on to divide society.Europe is 100% going for the cashless society meme and to a total collapse if they pull that shit.
>>24243898truth. i feel like i'm talking to a child every time i have to explain to a boomer old enough to be my parent why my prices are 20% higher than they were 2 years ago.
>>24244237>But BTC could also be one part of their plan as more than 50% of its hashing power comes from China.I doubt it satoshi posts are very anti state and regarding hashing power it's a myth 50% is in china.Mining pools are indeed chinese dominated the hashing power is divided worldwide and asics manufactured on taiwan.I don't think bitcoin has any place in a chinese establishment of a second financial system.But i do see it taking a place as an independent system along with ethereum and monero.
>>24244317>Inflation is easy to control once people stop wanting to use the currency. The current economic structure has forced the US into interdependence with China, and with no way out.It was a way to hide the inflation after bretton woods ended by accelerating the velocity of money and international trade causing asset deflation.https://fred.stlouisfed.org/series/M2VNotice how the good days ended in the year 2000-2001 a small rebond 2003-2007 then everything goes to hell.Fiat is inflationary by nature without a gold standard preventing politicians to inflate and confiscate wealth via inflation.International trade causing price deflation in assets outsourced and increasing demand for fiat hide that shit for decades, now we are waking up to the fact that we are all fucked up.
>>24244480The boomers must have done good shit in previous lifes.1_Be born2_Buy assets in gold standard era3_Gold standard ends4_Assets are pumped due to fiat inflation5_Goods cheaper than ever due to outsourcing to places were wages in gold terms were 1000x less.6_Enjoy 37 years of prosperity7_Shit goes to hell in 20088_LMAO just buy stocks with central bank brrrrrr9_Their stocks are inflated and pumped10_They can retire after all that shit.11_Be anon12_Open marketwatch13_"I am a boomer and own 3 million in assets but i feel it's not enough to reitre".14_mfw pic related
>>24244260Bullshit reason Boomers say to comprehend this. We have the same problems with housing in Europe and don't have dumb laws like that
>>24242626these houses are artificially more valuable because the tax code is designed to encourage leveraged real estate investment. it’s basically subsidized loans. so since the rich can borrow more money and pay less tax as long as they use the loans to buy properties, it artificially drives the prices up. as long as interest rates are low (or negative soon), housing prices will continue to rise even though nobody is living in the fucking houses."supply and demand" doesn’t work here because you are assuming the demand is driven by people who buy the home to live in it. the prices would be much lower if that were the case. basically, the current system is designed to stratify society into rent-seekers and serfs. and it works pretty well at doing that.
>>24242553>>24242521>>24242493>>24242472>>24242446>>24242418Unremittingly based; saving this thread.
>>24242418>>24242446>>24242472>>24242493>>24242521>>24242553>>24243561>>24244222>>24245153same, saved this shit to my hard drive for future reference. Fuck boomers and fuck currency debasement.
>>24242308I bought my house for $99k a little over a year ago.It's now worth about $120k. I'm in the process of doing upgrades:>Tankless water heater>Bigger HVAC system/re-sized ductwork>Privacy fence in back yard>Planted several red-bud trees in the back yard>New front door/reinforced locks/deadbolt>New windows>Hardwood flooringMan, I'm going to make a fucking killing on this place when I sell in a few years.
>>24242308BIGGEST generational scam in history, worst than age care and publicly funded pensions. Their parents pull a this Jewish tricks on them they funded their own fucking retirement. Here in Australia they literally enact laws to keep the pond scheme going despite the average house costing x35 times the average yearly wage. Meaning next generation will literally never finish paying their mortgage Kek, and whenever it looks like it might finally come down to reality the government pulls some sort or stimulus out or their ass to keep these eye watering valuations going and eventually young people cave in and buy because they need a place to fucking live and rent dooms you to eternal wageslavery/ decreasing wealth. Fucking thieves
>>24244468China has been accumulating a huge amount of gold secretly, created a new gold purity standard to make their own reserve of gold separate from the gold painted tungsten bars we have, and owns the London exchange.Doing all this means they plan on using it.They have waited to take advantage of our system as much as possible before doing this as it would reduce their ability to profit from us by exporting their goods, and would push for a war which they are not yet prepared to fight.From their perspective it's better to wait 10 more years before doing this, and have a bigger army and more international support when our society has completely collapsed.Having more options is necessary when making plans for the future.BTC damages the $ hegemony which is a good thing for China if they want to become more powerful by weakening the $.They still have the option of creating a gold backed national crypto currency to take the best of both worlds.They must think our leaders are completely crazy, because all they had to do was wait a few years, but we decided to destroy ourselves earlier at a time we could still have prevented our collapse.At the time they were planning to become a super power 20-30 years ago they probably didn't expect the satanists to impose lock downs and destroy their own economy.>>24244521China doesn't need BTC but this doesn't mean they can't help it grow to destroy our fiat system and they can find a way to take advantage of it.
>>24242308How did millennial neets think it was ok for people to turn WoW gold into an investment ponzi scheme instead of literally just using it to play warcraft?
>>24245153>>24245245>mfw i copied and pasted ths part two times>"Ok i see not many people get this but let me explain how bad things truly are.Ever since the reinaissance nations used gold was the reserve currency in one way or another(the romans also used gold and all other civilizations in fact one of the reasons the byzantine empire survived was because they were forced to adopt gold as a currency since hordes arriving at constantinople were better deal with by bribing them than fighting them and the barbarians demanded gold as payment so they adopted gold as a currency once again)."This is what happens due to the fucking 60 seconds waiting time fucking shit up.btw i posted this because it's urgently that people wake up since it's the crisis of our generation zoomers are too young to deal with it and genz too antiintelectual to deal with it for the most part.It's us retarded milennials that remember the last good days and have surfed this dark days the ones that will have to fix this sooner or later.Whether we like it or not it's the fight that our generation will have to fight.
>>24245379The fiat masters fear videogame gold since it probably has lower inflation than fiat.https://thehill.com/policy/technology/technology/483010-irs-removes-rule-on-fortnite-game-currency
How the fuck do I live on my own with $50,000 in savings? I just want a house bros.
>>24242692you only paid 30k off your mortgage in 12yrs?
>>24244863Thanks for this excellent summary, anon. It is quite sickening, but our "leaders" realize that real estate is the only thing keeping this sham economy afloat. Do you see this shitty system collapsing or interest rates ever going up a significant amount in the near future?
>>24244468I can't predict the future in Europe unfortunately but the collapse would force them to change something. The problem is knowing how many years this system could work before a collapse happens.Having a lot of debt is not a problem if you have the biggest army in the world, but the UE doesn't have anything to defend itself and is losing the US support.I doubt they could keep this scam running for a lot of time and that they can manage to keep their power long enough to implement it.
>>24245325>Man, I'm going to make a fucking killing on this place when I sell in a few years.where is this? any recommendations for someone who has 15k-30k saved up?
I want to add on to this decision with an important prediction. S&P500 real sales growth is nearly flatlining - most of the earnings growth over the last decade has come from cheap debt, this is why there are so many mergers. We are now nearly as low as we can go before negative interest rate territory, therefore we must increase sales. There are only two options to do this because US is losing market share to SE Asia - UBI and immigration. UBI and mass immigration are coming to the US and this will cause massive inflation of land and real property. New apartment units are being built to smaller and smaller SF and co-living is morphing into a new asset class.
>>24245375>created a new gold purity standardlet me guess, tungsten is involved? The wealth, infrastructure, and military power of China is quite literally a fucking charade. youtubes to watch: ntd news, china in focus w/tiffany meier, crossroads with joshua philipp. it is literally all smoke and mirrors.
>>24245375>They must think our leaders are completely crazy,Anon italy gdp literally returned to 1999 levels , our leaders are completely crazy.>BTC damages the $ hegemony which is a good thing for China if they want to become more powerful by weakening the $.BTC does no such thing the usd hegemony is destroying itself , it's unbelievable the biggest usd bill is still 100 usd , a few months ago i was in uruguay and in order to get money of an atm i had to do like 7 different withdrawal each with it's own individual 20 usd fee on 300 usd due to small usd bills.And don't get me on post 9/11 regulations i am honestly terrified of having money in us fintech like paypal due to regulations randomly freezing shit and treating customers like pablo escobar 2.0 or worse.Not saying china will be better on this but between the usd / btc system btc wins.Yesterday i had to pay 25% fee on bitcoin purchase to get my freelancing income since using swift i lose 75% on fees / exchange rates and atms 70%.I can't believe the usa is not liberalizing it's financial system , instead they keep cucking it in favor of international anti money laundering regulations pushed by euro nations.>They have waited to take advantage of our system as much as possible before doing this as it would reduce their ability to profit from us by exporting their goods, and would push for a war which they are not yet prepared to fight.From their perspective it's better to wait 10 more years before doing this, and have a bigger army and more international support when our society has completely collapsed.This is 100% correct ever since nixon went to china they played it under the radar however nixon going to china was a faustian deal , since it was also to position the usd as a top fiat currency by increasing it's demand.Now 49 years later it backfired and the us leadership does not know what the fuck to do.
There’s a really good book called ‘The Bitcoin Standard’ that goes into all of what OP has said but in greater detail. The name is deceptive - it’s actually 90% about the history of currency and the gold standard and 10% about Bitcoin - what it is, how it works, how it solves all of the problems of fiat currency etc. highly recommend and wouldn’t be surprised if OP has read it.
>>24245553Unfortunately, from a capitalist perspective, increased immigration is the only catch-all solution to declining growth. The issue is this ignores the great importance of national culture, which the US is losing at a rapid rate. I tell my friends the US is no longer a country, instead a global marketplace for capital.Our elites understand that most immigrants have no notion of gun ownership, free speech, etc... and will not actively fight for these rights. This is the end game.
>>24242308don't live in LA
I have a theory about housing. I think housing has changed. I don't think housing prices are stable any more. There are two many investors in single family homes and too many people that are a job loss away from losing their homes. I expect housing prices to drop like a rock soon. Already housing is slowing.
>>24245553Our current economic system, and its endless pursuit of eternal growth has been more destructive to nations than any war or weapon in human history. My state of California is being turned into a massive fiefdom before our very eyes, and nobody here can seem to figure out why. Why can't our leaders just admit our system is fundamentally broken rather than wreck everything for a few more years of GDP growth?
>>24242308I just want a tiny fucking house that I can do what I want on. I just want to live a small simple life. That dream is dead now, fucking boomers taking away basic human needs.
>>24245553real interest rates are already negative
>>24245741The politicians are comprised of mostly elites who do not work for a living but make capital gains and dividends off the stock market. They don’t care about the cultural shift in America because the hordes of new immigrants are completely priced out of their neighborhoods except for the most talented educated ones that bring true innovation/creativity. The truth is that national culture has immeasurable value and only a very small group of true conservatives give a damn about ours.
>>24245375SeCreTlY like their whole military, airforce, the shittt stealth bomber they’re working on that’ll never work in a combat situation. China is nothing but smoke and mirrors, all they do is copy, their gold “Reserves” would be cheaply made tungsten ripoff which they’ve been caught for multiple times in the past. Don’t tell me you’re one the clowns that believe China are gonna take over, they’ve never won a war in their existence.
>>24245883They just unleashed a biological weapon across the globe with zero repercussions.
>>24242446>>24242472>>24242493>>24242521>>24242553someone please screen cap these
>>24245580I don't trust China either but they already started bullying less powerful countries.If the US doesn't do anything they will soon have the ability to force their close economic partners to use their own currency and BTC won't be an option.The reason the US/EU have been adding more regulations was not against money laundering but as part of their plan for a cashless society.By making it harder for people to use their money against their system they plan to make it harder to rebel.The main issue with BTC is that most wallet owners are known the same way as they know what you are doing with your fiat money.If our fiat system collapses we will need a better solution than BTC to make smaller transactions easier and more private, but we already have some better options. BTC would still serve as a reserve with this system the same way as gold and silver were used before.
https://www.indiatvnews.com/news/world/china-gold-fraud-busted-biggest-gold-counterfeiting-scandal-in-china-4-percent-fake-gold-reserves-6310904%? I’d say that numbers more like 40
>>24242308dont forget the regular 4 hour hold for emergency dispatch and police response.
>>24242989>feudalismim ready. lets end this bitch
>>24244702How old do you think boomers are? Gold standard ended 1971
>>24245883Go read pal, you look like an ignorant fool. That is the reason the west will soon be ruled by China, fucking arrogant fucker think they know what they never spent time studying and reading.
>>24245883It's dangerous to underestimate your foe.They may have a lot of shitty technology but it doesn't mean the same does not apply to the US.They have recruited to help of westerners to make their new tech and stole our technology efficiently, which means they are close to our current level.You should take a look at what Ray Dalio says on them and his analysis on society cycles.I also think they are making a lot of mistakes which will cause a collapse of their system in the future, but this collapse would be delayed by 20 years compared to our own which is a lot of time to strengthen your power.
>>24246065newfag that’s been watching too many doomer conspiracy theories argues financial matters with a multi millionaire with 3 properties, standard
>>24245905>biological weapon>99.97% survival ratepick one. if it really was on purpose and meant to be a bio weapon, it just further proves their ineptitude. China is a fucking joke and won't make it past Guam when they decide (mistakenly) they are ready for a hot war.
>>24246136It was efficient at destroying our economy...
>>24242308Lol i knew that was La before reading
>>24246136Wrong. The whole point was the political and economic chaos it brought, not the deaths.
>>24246065i spend about 2 hours a day researching china and the ccp. i challenge you to prove to me that they can militarily defeat the USA in a hot war before 2100. You can't.
>>24246032You don't get it until 1975 you could buy a house in ALL WESTERN NATIONS on two years of minimum wage.PIC RELATED is real , check the data and you will see.>>24245938>If the US doesn't do anything they will soon have the ability to force their close economic partners to use their own currency They are already doing this with swaps and giving debt eventually they will offer to pay the debts if people adopt their currency , i mean it's obvious the game they are playing it.>and BTC won't be an option.As long as you can exchange kilowats for monero on a normal cpu btc is an option.>The reason the US/EU have been adding more regulations was not against money laundering but as part of their plan for a cashless society.Correct and between orwellian monetary systems the biggest will win aka china.The reason the usa won the cold war was because it had the freedom not the guns.The soviets collapsed on themselves because their society lacked incentives for people should the usa / eu go for the cashless meme china wins due to size.>If our fiat system collapses we will need a better solution than BTC to make smaller transactions easier and more private, but we already have some better options. BTC would still serve as a reserve with this system the same way as gold and silver were used before.Now you are getting bitcoin will be the reserve currency of other systems with mass transactions.At least of the third financial system we will have.
>>24246108People don’t understand that China isn’t dominating through military but economics via increasing trade surplus and Silk Road initiative.
>>24246150I own a business in metal manufacturing and my sales are down 3% year on year. they didn't destroy shit that actually matters, only restaurants and stacy's hobby jewelry store her husband finances.
>>24246108you think a country which has never won a war is really gonna take down the USA which is thoroughly battle tested? All China do is lie, cheat and steal and bully those smaller, they’d never win a fight nor would they take one. It’s all a facade, one minor attack and they’d lose a hundred millions citizens, nobody’s gonna fuck with the country that nuked japan, USA is number one and will stay that way until the globalistcucks take over which won’t be in our lifetimes.
>>24246210They destroyed Main Street America - most American small towns are based around these types of businesses not e-commerce. Also consider the massive hit to tourism.
>>24244863imagine if we simply passed a law that said: you cannot own a house unless you personally live inside of it. house prices would drop to fucking $20k. suddenly houses would be affordable for everyone and nobody would need a landlord in the first place. just imagine.
>>24244468Based Argentine poster. Do you suspect all this great reset talk is really about incoming currency fallout? my goal is to get some land for a place to bug out to because it's only going to get weirder.
>>24246212It’s not about the military you fool, it’s about economics. See our trade deficit to them and their dominance of SE Asia which is where all the economic growth is occurring.
>>24246161>poor people are still poor hur durr. political leaders and their zealots are at each others throats hur durrJust another day in America anon
>>24246165oh no i dropped a nuke on the 3 gorges and china's entire industrial base and basically half of its population is dying from a radioactive tsunamithere problem solved, now we can go back to western feudalism
>>24246264No this is getting worse, their is massive unrest brewing and congressional approval is at all time lows. If they lift the eviction freezes shit is going to get wild.
>>24246236ok. tell me exactly what main street america is and how it's destruction actually leads to the empowerment of the ccp
>>24242308In capitalism it was inevitable
>>24245631Take this nationalist screeching to /pol/. This is /biz/. Fuck anything besides getting rich.
>>24246269If we do that they stop selling us all the generic medicines, shutdown our power grid, and dump all of their holdings of US bonds and equities. Arguably this could be just as bad.
>>24242446>>24242472>>24242493>>24242521>>24242553Is this why the stock market is constantly rising no matter what happens outside of global catastrophes? Inflation just keeps brute forcing it higher and higher? From the sounds of things you should just dump all your cash into semi-stable stocks just so you can keep up with basic inflation. God, what a horrible timeline we live in.
>>24246150China don’t have the nuts to do this, though I do believe it may have been executed without approval, how can a country like China which doesn’t even have enough food, water to feed its citizens for a few weeks should the west decide to control the waters around it sustain a war . These little kids don’t understand the US dollar is backed by their well trained, consistently battle tested army, By oil, anyone who try’s to supersede it will die. China knows its place, it’s a leech, it’s all bluster as at anytime they themselves know they can’t innovate, they can’t create on their own, they can merely copy so they’ll never be top dog, neither will Russia or whatever else you believe
>>24246248This great reset is being pushed by social democrats / "neoliberals"(that love keynes more than social democrats for some reason)This great reset seems to be aimed at fucking the usa to bring it's growth to european welfare states level to force the cashless society.Can't have a meme cashless society if the usa is still growing well without all that orewellian shit.Thus the climate taxes and anti oil shit , if the usa is reduced to france levels of growth then they can pull the cashless society meme.UBI is feudalism where instead of paying to your lord every year the inflation they create is the tribute you pay.Same shit more scientifically and tyrannical
>>24246292one side is an childish mob with misplaced anger and the other is compassionate adults with all the guns. where is proof do you have of this wildin' you speak of?
>>24246301Most brick and mortar retail is owned by middle class entrepreneurs. By the government shutting all these people down but allowing Walmart and Costco to sell cheap imported foreign crap, they are effective redistributing revenue out of the middle class into the upper class. America’s growth and attractiveness as a place to live as come from the historic strength of the middle class.
>>24246259we buy cheap chink shit that we ourselves could create but we don’t want to, should that change we can do it. They’re just willing to destroy their local water and environments making fidget spinners, anything that matters isn’t built in China dude. Get a clue
>>24246306You are fool. The destruction of culture comes first which eventually destroys the economy. See the fall of Ancient Rome you simpleton.
>>24242521Saying that ending the gold standard for the US wasn't game theory is retarded. Ending the gold standard allowed the US to dominate the world economically and militarily and exploit weaker countries for 40 years. We need bananas and oil and computer chips, here take this worthless paper we just printed. Then give us the paper back for fancy military toys and invest in our stock market because there's nothing better you can do with the money in the Arabian desert. Or license the IP from us to make the chips and give us some of that paper back.Getting off the gold standard also allows for new ways to deal with stock crashes and economic crises that simply aren't possible on the gold standard. See the great depression vs 2008 or 6 months ago.Obviously getting off the gold standard has disadvantages as well and we're starting to see them as inflation becomes impossible to ignore. but to say that there was no game theory is retarded, getting off the gold standard was a decision informed by game theory and it worked very well for 40 years and still has some benefits.
>>24246359You are completely clueless. China produces massive amounts of generic medicines, plastics, steel, chemicals, electronics, building materials, shoes, textiles, etc... we can’t produce this stuff here because their labor costs are a small fraction of ours - we could never compete in manufacturing to the mass consumer markets.
>>24246309shUtDoWn OuR PowER gRiD , no anon.. they’re too busy dying to be making moves should they get nuked, they’re an incredibly soft target. Medicines again, something we ourselves can quickly pump out should we need to in war situations this is what happens, they’re willing to destroy their local environment with the waste created from pumping out those generic drugs that we created, we created the tech, the chems. They pump them out cheaply, nothing is innovated in China, in an event like a war we are more then self sufficient, they would not be.
>>24246306what the fuck? it's not nationalist screeching, it's describing the predicament that endless growth-obsessed capital encroachment upon traditional social structures creates over a long enough time frame. No resorting to racist memes or white nationalist garbage, just plain facts about capital accumulation and the damage it inevitably inflicts on the social fabric. It's literally the least /pol/ post ever.
>>24246328Interest rates are basically zero in the US. Factoring in inflation you lose money if you keep it in the bank, so stock and real estate is where all the money goes. Plus QE means stocks and real estate go even higher than they would otherwise. Problem is if you were born after 1985 you probably don't have much equity to get some skin in the game, so you stay poor forever.
>>24246340Wait until the restaurant and car owners are sent eviction notices next year after the state and local governments they sent taxes to their whole lives bankrupted them...
>>24246328>Is this why the stock market is constantly rising no matter what happens outside of global catastrophes? Correct because people that have money know fiat is shit so they just buy all the stock market since it's going to be pumped due to fiat anyway.This is also why richfags buy bonds that give negative returns , if they save in fiat they lose value , if they save it in a bank they risk losing it if the bank goes broke , if they invest in land or real estate they have taxes going up due to inflation.Bonds are how richfags save money since it's safe for everything minus revolution.>Inflation just keeps brute forcing it higher and higher? Yes, check the dxy vs bitcoin to see what i mean, (when the dxy is going down real estate is also going up along with bitcoin).>From the sounds of things you should just dump all your cash into semi-stable stocks just so you can keep up with basic inflationThis is what every milennial with an iq above 100 is doing which is why zoom stock is worth more than exxon mobil.This is also why the politicians want capital taxes , the plebs realized they can escape inflation via the stock market.Gold was totally cucked since they created paper certificates to reduce the price by faking supply.Bitcoin is totally outside the politicians control since the price ends up being put by the market due to not your wallet not your coins autists reducing the supply.And real estate is also another way to escape inflation which is why the keynsian elites are shilling the muh you will own nothing and be happy shit.Since their perfect system is inflationary and keeping the capital going up to corporations.>God, what a horrible timeline we live in.Buy bitcoin monero and ethereum , we will conquer our future.
>>24246367>You are foolKek. The fall of Rome led to new rich merchant cities. If we hustle now /biz/nessmen will emerge as elites when the US collapses. You’ve already wasted enough of my time. Please save your nationalist apologetics for /pol/ though. Ciao.
>>24246433Very few people read history. It’s so obvious where the US is headed, it is a time tested decline path.
>>24246400Oh no a bunch of chink cars with poorly made materials and cheap Low quality housing materials wouldn’t be distributed from Choyna and some medicine which we ourselves created, how could we ever sustain? They’d be more worried about food and water anon, they have none to feed their own people once the seas around them get shut down. Nice try ccp shill, you guys are weak as shit
>>24246437Yes litecoin has low inflation and a very high transaction capability plus 2.5 min blocks mean fast transactions.https://www.viewbase.com/inflation
>>24246481Go to Home Depot or Costco, pick out 10 non-perishable items for sale, and read where the product is made.
>>24246465anon you are smart man, I very much enjoyed reading your posts today. You should consider writing/publishing a blog
>>24246191I am not sure China will win despite the current situation.They are still showing their willingness to take over a privately owned company when they want to increase their power which results in less economic efficiency and innovation. They also display the same willingness to regulate too many thing, and only a small part of their businesses are really not state owned.They lack any transparency to their system.Finally the main reason they wanted to develop a social credit score system is the result of the majority of their population not having empathy and being unable to work properly in a society.Unfortunately for them empathy is what made our society so successful and without it they can only emulate it.Indoctrinating your population to obey the rules also has the effect of destroying all freedom and creativity.We can still recover from this if we find a way to preserve enough of the our numbers through the collapse.But this time we should learn to not let any parasite take it over.
>>24246346which will in the long run strengthen our military because young men without prospects turn to conquering, source: all of recorded human history. Also, the middle class is strictly an American social experiment and construct that will simply die eventually because of capitalism regardless of Chinese "intervention" pretending like them accelerating the inevitable makes them stronger is childish and humorous at best.
>>24246549We can or recover because multiculturalism is doomed to fail. “Empathy” doesn’t work when a nation’s populace disagrees on basic premises like freedom of speech and right to bear arms.
>>24245411>btw i posted this because it's urgently that people wake up since it's the crisis of our generation zoomers are too young to deal with it and genz too antiintelectual to deal with it for the most part.so what do i do? im 31 and i feel like i have no future because everything is so fucked. all i have is chainlink.
>>24246400who cares about mass consumer markets. china is literally 30 years behind us in chip and semi conductor manufacturing, which the modern world runs on, and is NEVER going to be manufactured off shore. They literally cannot beat us because they will never be as smart as us.
>>24246194You need the military to protect your trade routes.If the US can "seize" (pirate) your ships like they are currently doing for Iran, then your trade routes are not worth a lot.It's a mix of everything. You need economics to build a large army to defend your trade routes.
>>24246508“ U.S. law bans weapons makers from using raw materials from China and a number of other countries, amid concerns that reliance on foreign suppliers could leave the U.S. military vulnerable in some future conflict.”That’s what matters in a war kid, that’s what wins wars. Not the nails someone uses to build a house, again China is happy to destroy their environment to pump out cheap fidget spinners and generic shit, how do you think that ends for them? The counties already a waste land
>>24246562Young men without prospects these days in America resort to heroin, meth, and fentanyl or move in with their parents and engage in Peter Pan escapism.
>>24246465>Buy bitcoin monero and ethereum , we will conquer our future.This right here.
>>24246617We are not in a hot war, we are in an economic war. Also, our military these days seems more concerned about transgender activism and women being allowed into special forces than fighting readiness.
>>24242553good read ty for posting
>>24246446an internal revolution to create a more fair system? a right bestowed upon our citizens by the constitution, which was written by some of the smartest free thinkers the world has ever seen? what's the problem with that? The fact that Americans would (and could) do that to our own govt in the face of our own military proves china has no chance of ever breaching our shores. they can entice, they can try to cause chaos, but they will never ever ever beat America in a hot war. period. full stop.
>>24246610This is true to an extent, but the US is getting spread pretty fucking thin with $27T in debt and rapidly worsening foreign relations.
>>24246472rome had two republics and multiple lines of hereditary dictatorships. America is on republic number one. you need to retard your timeline anon because America falling any time soon is wishful thinking.
>>24246545Thanks i have considered it but i am a little too busy wagecucking freelancing due to my country going to shit.>They are still showing their willingness to take over a privately owned company when they want to increase their power which results in less economic efficiency and innovation. Anon the ccp may put party members to regulate the leadership of companies but they are not commanding them for the most part.Meanwhile in the west there are tranny quotas or shit like that now or women quotas on boards and regulating hiring and basically everything by the state for big companies.Only small companies in the west are what you may call capitalistic, the big ones are totally regulated.The only thing in china that is still pretty communist as far as i know is their rural areas were land is all owned by the state and leased to farmers for 100 years as far as i know.>They lack any transparency to their system.Yes internally but externally the trade data does not lie and they have become everyone top trade partner so something they are doing is working regardless of all the shilling for or against them.>Finally the main reason they wanted to develop a social credit score system is the result of the majority of their population not having empathy and being unable to work properly in a society.They fear rebellion due to their insane demographics fucking up in a few years, their social credit system is a way to prepare for what's coming.I don't think they will wait until history fucks them up , they are going to make a move and put their currency as a reserve currency , it's this decade or never.>Indoctrinating your population to obey the rules also has the effect of destroying all freedom and creativity.Anon have you seen the west?Wear the mask, obey the state , stay inside.It's not that different yea china locked people up , in the west your neighbours reported you and the police put a fine on you.
>>24246718America could rapidly start failing if Trump is declared the winner and the Democrats declare a Constitutional crisis.
>>24246580incorrect. the true beauty of America is our divided 2 party system because it allows us to say one thing and do another on the world stage as often as we'd like. if you think franklin, jefferson, and adams didn't 4d chess in the 18th century you have some reading to do.
>>24246682That's why they are now focusing on China and asking for Europe to pay for their own protection.They will later give up their power on the rest of the world and focus on their own geographical zone as they don't really need Asia and Europe.
>>24246754Completely disagree. The true beauty of America was a strong growing middle class which was having plenty of babies post WWII which is now shrinking rapidly.
>>24246549>We can still recover from this if we find a way to preserve enough of the our numbers through the collapse.The collapse can be avoided only by cryptocurrencies mooning brutally forcing politicians to reform.All other paths lead to retarded thinking in which you need a magic group to save everything like qoomers expecting magic to fix everything.Shit is in such a bad direction that reform has to be forced at this point , can't even be asked anymore.I would not be suprised if they demonetize trump & anyone that worked with trump, the global elites are totally out of control.>>24246585Learn about this and share with everyone milennials are the biggest generation in the west after boomers, we will be the biggest voting block this decade.If we gain enough momentum we can change history.
>>24246659One innovates with the much stronger Tested military in a superior position to sustain a war. Allows freedom of ideas and personal choice which has brought about amazing technological breakthroughs, one leeches value from the world, adds nothing to anyone, nor has added anything to society since it’s inception besides fried rice, forces their citizens to become drones, has twice as many people to feed her no farms, no drinking water etc completely reliant on other countries for the basics like food, has a corrupt hierarchy, has never won a war, is destroying their own environment at an unprecedented rate and you back the second one cause you’re a clown
>>24246777I agree here too - most special forces in training are learning Mandarin over the other languages. However, in the US we seem to be more concerned about whether gender is a social construct or if whites privilege exists than foreign policy or global competition.
>>24246465Well, you've managed to convince me that the world is fucked and the only way to make it in the future is to buy land and stocks asap. I already own about $500 worth of stock, so I guess I should pump as much cash into it as my sad little poorfag ass can. Where do I buy bitcoins? I might as well buy one or two moneros.
>>24246507>24246465Kino thread.You’ve convinced me to turn invest all my fiat into investments besides emergency fund, thx! Any advice on distribution between:- Crypto - Domestic stock indexes- foreign indexes- Tech stocksThx based finance king
>>24246618we aren't discussing today. i believe the premise was set as by the year 2100. war mongering is demonized by society now. wait until there is no longer and war becomes inevitable. American nationalism is exceptional regardless of if you are left or right. remember 911? remember the night bin laden was laid to waste? We stand together when both sides recognize foreign interference and absolutely wreck said perpetrators of the interference. in this case, china's ccp. one side sees it, the other will eventually.
>>24246672Holy fucking based , that said it would be nice to fix the first posts so the ok i see does not repeat and newfags don't read it.But this is a powerful image anon , thank you.
>>24246822>Shit is in such a bad direction that reform has to be forced at this point , can't even be asked anymore.When has asking for reform with no brutality mixed in ever worked?
>>24246832I’m actually an American nationalist, but all the main facets that made this country great like meritocracy, grit, determination, free enterprise, and freedom of speech are under brutal attack by the Neo-Marxist elites who want to destroy the middle class. The dominant post WWII America is long gone friendo.
>>24246836Rofl you think 9/11 wasn’t an inside job? Do you think when a plane hits a skyscraper made of steel it collapses in the exact manner as a controlled demolition?
>>24246862>When has asking for reform with no brutality mixed in ever worked?It worked in anglo history suprisingly a few times but you are correct it mostly never worked.
>>24246862Any chances at peaceful reform died when we decided to become a multicultural society with no cultural unity.
>>24246718Rome had a kingdom, a republic, then an empire. Then the empire split, then the western half fell.France had 5 republics, 2 empires and 2 monarchies.
>>24246800>completely disregard the first 200 years of American historyyou're opinion is near sighted. it isn't one man one gun anymore dude. the american middle class was a marketing ploy to take the best and brightest individuals from other populations. we did that and are now so technologically superior in all realms that actually matter that we cannot be usurped without being completely destroyed by a foreign military, which cannot happen. Seriously, ask any immigrant if they would rather be poor in their homeland or America. They would pick poor in America because that would still be better than middle class in their homeland. The middle class in America is literally a meme.
>>24246835Desu i am not in a position to give advice on stonks since as an argentinean with capital controls i can't invest in the international markets but as a burger stocks is a good investment as long as you go with shit that supports muh great reset and does not go against the central banks shilling you will probably be fine.Crypto is risky for some but a good option for me.Pic related is our stock market on the results of last presidential election when the commies won lmao.>>24246834Depends on the exchanges but it would be good to have a bitcoin ethereum and monero.Monero is a good option it will have like 0.70% inflation in a year.
>>24246127I am here since 2009 retard, started investing in 2017. I never said I have the answers, I only said you are an illiterate fucktard.>>24246165So what that is nothing, go have a master or a PhD over it, 12h a day for more than 2 years is the minimum time one could dedicated to really learn something. We are unable to know the answer to that question, we don't know what kind of technology both countries really have. What we do know is that USA demographics are fucked compared to CCP, you guys will lose over time. Take in to consideration that USA isn't as attractive to academics, and that China is investing heavily in the brightest minds of the world, I know that I am doing a PhD in physics, they have high paying pos-doc positions in there.
Unless you can find a way to stop the rich from using their fake money to buy up whatever crypto you want to escape fiat with and keep its existence secret it’s pointless to recommend putting your money into something that isn’t real at the expense of a real asset. you are going to lose to them unless you take a piece of the pie that they actually care about. Normies will always use whatever currency lets them follow the law, pay taxes and play the social status game, no matter how worthless it is.
>>24242418So is buying physical gold a good idea like those in /pmg/ say?
>>24246996And no I’m not shilling gold.
>>24246749There is still a big cultural difference between the West and their society.We put the individual responsibility at the center while they make everyone in a group responsible. This won't change easily despite all the propaganda attempts as it's a cultural aspect with a very long history.What this means for them is that they give more power to people through seniority and ignore competence.It also makes it hard for someone to be more creative as they are always being slowed down by group dynamics.When you fear being isolated or your family getting punished for disobeying an order you don't think of going against the norm.But it's worse than not doing something. You just don't think of it because this is how you have learned to think.The reason we see such a strong attempt to control all our social media and to censor everything is because this difference exists.Also innovations are made by a few people outside of the norms. If 90% of your population are NPCs it doesn't necessarily prevent 1% of making big discoveries and changes. Look at Sergey and how much he achieved with a small team. All it takes is someone with an idea to make it a reality.The rise of a reserve currency is delayed in time compared to the rise of a new empire according to Ray Dalio's Principles.What they need to focus on is to prove to the world that the US does not have the military power to protect them anymore, and assert their power.Then they can use this power to rob everyone else around the world and force their reserve currency to half of the world...Economics is just a goal to this end.
>>24246988USA is the goat attractive to academics, we literally get more international PhD students than any other country. No foreigner want to study in Communist china while America is the shining city on a hill
>>24246988So you’ve been here in 09 and you’re still poor, so by all measures of finance you’ve failed. Therefore your opinion is worthless
>>24246985America can collapse from the weight of its own debt, entitlements, and cultural problems.
>>24246986>Pic related is our stock market on the results of last presidential election when the commies won lmao.Lol that pic was real funny. I asked about gold already but a different question regarding it. However I have a second question, in your country how does gold and silver work as currency or is it only worth using for super expensive stuff like a home (idk how the situation is entirely)
>>24247048If the intelligent chinks weren’t forced to stay local they’d all bail for the US in a heartbeat
>>24246965>rome had a kingdoma city state that is quite literally a city is irrelevant to the conversation>then a republicyes, then it fell to the gauls and a second republic was established>then an empirethe empire was built simultaneously throughout romes history. it isn't a separate event.>then the empire splityes >then the west fellyes, and centuries later so did the east>Francewhat is your point?
>>24246986Peeps, I agree with everything in this thread. I've told all my friends this, the financial system is the blight which stains our democracy.Invest in crypto now or slave the rest of your life. You can't afford crypto? No! You can't afford NOT to invest every cent you have into crypto besides living and emergency fund. May someone plz redpill me and gib advice, thx!As someone who hates the govt and political elites/financial system that steals money from poor, how do I operate a business without pissing everyone off and getting butt fucked? How do I avoid these confiscatory capital gains/income taxes that are coming, should I move to Puerto Rico/Florida? As a tech bro, how can I grow my freelance business? Thx! Will gib a tip if great answers.
>>24246672this red pilling information is gold in of itself. tell your friends and family. prepare for the decline
>>24246988you might not be qualified for a PHD in physics if you don't know that the best and brightest chinese students all study abroad in USA and Europe.
>>24247000Should the central banking elite collapsed tomorrow gold would probably go to 70k usd.You need to understand they can cuck gold by creating fake digital or paper gold certificates in the financial world.Gold not being able to be used for international wires it's what has destroyed it's wealth protection function.Bitcoin has the same game theory than gold(both literally work on proof of work) since gold had to be mined via work first and miners sell above mining cost same as bitcoin miners.But bitcoin ability to be moved internationally is what prevent it's value being fucked up with fake paper bitcoin since.1_Everyone wants it's bitcoin in their wallet2_People use it for international paymentsThis two things means any fake price they can create with digital bitcoin will eventually be fucked up by the market price being put by autists using it.So invest in gold if you expect the worse.>However I have a second question, in your country how does gold and silver work as currency or is it only worth using for super expensive stuff like a home (idk how the situation is entirely)Gold is under capital controls and can't be used due to being cucked by taxes.>>24247043You are correct but maybe ignoring economies of scale , china is educating more engineers than the entire world combined , the posibilities of having a newton increase the more people you have even if the average is pretty shitty or lacks innovation.Hell i would argue western universties are doing more damage than good while china is educating millions of engineers.Shit's fucked up.>What they need to focus on is to prove to the world that the US does not have the military power to protect them anymore, and assert their power.You are looking at it with 19th century optics , all they need to do is give debt to everyone in usd to build cheap infrastructure projects then accept Renminbi as payment method with lower costs when the nations can't pay the gibs they gave first.
>>24242308theren't weren't a whole lot of things to invest in back then I guess, you made people feel smart that they were doing something with their lives and making smart investments
>>24247061sure it's possible, but not as likely as the collapse of the CCP. Remember the 1st cold war with Russia? all we had to do is sit on our hands and wait. communism and socialism always destroys itself in a matter of decades. ALWAYS.
>>24247178>As someone who hates the govt and political elites/financial system that steals money from poor, how do I operate a business without pissing everyone off and getting butt fucked?It's getting harder and harder historically times like this lead to ruralization since food becomes the best business.>How do I avoid these confiscatory capital gains/income taxes that are coming, should I move to Puerto Rico/Florida? No idea anon this is why i am all into crypto, this confiscatory taxes are going to fuck economies worldwide.>As a tech bro, how can I grow my freelance business? If your business is in tech use crypto to pay for employees in third world nations and avoid as much taxes as you can.The digital world can survive this thanks to crypto at least purely digital companies.
btw i see this thread gained alot of attention see this video anonshttps://www.youtube.com/watch?v=5YeEGcrinSM Seriously it's what's coming if crypto fails learn what's at stake.
Where the fuck do I buy bitcoins? I know Robinhood has a couple options but it's just Bitcoin, Etherium, and fucking dogecoin of all things. I need more choices. I have 4k in the bank and nothing to spend it on, so I might as well start investing.
>>24247362Coinbase Pro if you just want to buy the big names.
>>24247391I'm not here to play the lotto and try out the get rich quick scheme of the week. I'm here to keep my already nearly worthless money somewhat afloat. I'll just keep dumping it into the stock market and hope for the best.
Alright I'm gtfo and going to work....This thread gives me hope guys and girls...In all of the shit that's happening: confiscatory taxes, long-term erosion of fiscal freedom, big wasteful government, political corruption, predatory financial traps for uneducated, media manipulation, crypto is the one ray of sunlight...Crypto alone is a ray of sunshine in this dark world, and I believe that with our help it can blossom into a golden shower of light. Crypto can topple big govt, decrease financial predators, and give financial freedom back. We're all gonna make it....I'll see you in the citadel!
>>24247250Their is a big difference between being educated and being smart and creative...Being educated means you just learned something and can repeat it.Being smart means you learned to argue and doubt everything.That's not something a standard engineer learns.If they don't use DNA engineering or get more mixed white babies they will never reach our potential.But I suppose this is the reason they are doing an extensive DNA mapping of thousands of smart people and importing westerners to do their engineering.It seems Huawei employs 50% of foreign engineers which could explain their recent successes.They gave debt to everyone to find a way to sell their US debt they are not allowed to sell through standard channels, by paying for the debtor when he defaults on it. They use it to develop their infrastructure which will bring more economic performance. But I only heard of China seizing ports and infrastructure aggressively when this happened. I wouldn't say this is a friendly thing you can repeat multiple times.
>>24246610What is the source for this?Thanks anon.
>>24247250>Gold is under capital controls and can't be used due to being cucked by taxes.Ouch. Wish i bought some BTC rather than just stocks back in March when both dumped.
>>24247451Well said brother, have a good day.
>>24247362I know of one place but they dont have all 5 cryptos im interested in plus i was unable to buy any crypto cause coinbase locked me out of my own account in march before i even bought anything.
>>24247409??? if you aren't looking for scheme of the week crypto then Coinbase is your best bet. They list only a few cryptos and thoroughly vet what they list more than other exchanges. ETH, BTC, and LINK are likely your safest bets.
>>24246754Cartman:>I learned somethin' today. This country was founded by some of the smartest thinkers the world has ever seen. And they knew one thing: that a truly great country can go to war, and at the same time, act like it doesn't want to. [a shot of the crowd]>You people who are for the war, you need the protesters. Because they make the country look like it's made of sane, caring individuals. And you people who are anti-war, you need these flag-wavers, because, if our whole country was made up of nothing but soft pussy protesters, we'd get taken down in a second. That's why the founding fathers decided we should have both. It's called "having your cake and eating it too."Town:>He's right. The strength of this country is the ability to do one thing and say another.>Yeah, but... if it weren't for all you guys protesting, why everyone around the world would hate the American people instead of just the President.>And if it weren't for you people flexing your arms, America could easily get taken over by terrorists or... or China.South Park, "I'm a Little Bit Country"https://www.youtube.com/watch?v=ZXvgIj2ONzc
>>24244260It’s both, the zoning just protects the hollowing process
>>24247538Kek thats pretty funny desu although i dont think theyre acting like that for that reason irl
>>24242308Governments love it because property taxes go up.
>>24242446Lol at spain ruining their economy with blood spoils
>>24247048Not really, research. The USA isn't as attractive as before.
>>24247056There was no biz in 2009, I tripled my money in 2017 with LTC. I have not failed my money only grows, I made a bot now that by the backtest will give me 700%APY. You are nothing, but a ignorant fool, learn to be humble or life will teach you in the worst way.
>>24242754>money printing>is the reason housing prices only go upso money printing = good?
>>24247767Karmic effect, cause & reaction many such cases.
>>24246191>bitcoin will be the reserve currency of other systems with mass transactions.Stellar lumens.
>>24247217I am qualified for a PhD, I have published articles, I already made it. I am going to NY next year. I think you are really immature person, you need to read the tao te ching or life will fuck you up badly, life has no mercy over the fool, I am telling you this for your own good.Have good luck friend, I hope you succeed in your future endeavors.
My parents only response to this is basically “how do you know you won’t get your turn to be us someday? You will, don’t worry about it” as if the houses they leave behind will ever be on a market that isn’t open to scalping by the entire world
>>24247848I have used stellar before i was not impressed, only coin in which i had so much fucking problems.The only time it worked it was fast as fuck but usually did not worked at all.
>>24247323>It's getting harder and harder historically times like this lead to ruralization since food becomes the best business.Can you back up this claim Anon? I would really like to know were you noticed this in history.Thanks a lot
>>24242553thanks for the read anon. i appreciate posts like this.
>>24247844That is a really nice piece of art in there, a little corny and unoriginal, but I really liked that. Thanks for sharing. Who is the artist?
>>24247927Roman third century crisis.China cycles of decayThis is part of a supercycle urbanization happens , then industrialzation then welfare statism appears to contain the urban masses then inflation , then hyperinflation then barrack emperors.This cycles have ruled humanity forever until colombus crossed the ocean , hell this is in a way due to the sun cycles and galactic rays this is why there is supercycles and eras of prosperity and decay are synchronized worldwide.This is why Pythagoras, Confucius, Socrates and the Buddha lived at the same time at the start of one of this cycles or why the mammoths died after the pyramids were built due to being traped in islands as ice retreated in one of this ages of prosperity.In the west we broke that cycle with colombus and ever since then urbanization happened non stop due to the columbian exchange increasing calories worldwide and ever since then until around 2025-2030 the model of the west was based in more markets , more people , more demand , more jobs.This effect was so extreme that the spread of the potato or sweet potato through asia without anyone forcing it caused demographic booms even on places were europeans never settles , just due to crops reaching there in some uknown ways.Keynsianism is about to kill this effect started with columbus so the cycle of ruralization will probably start again.See this video anonhttps://www.youtube.com/watch?v=5YeEGcrinSM it's what's happening on most welfare states tough for now without the violence but it's accelerating.
>>24248017No idea i got it on pol a few years ago.
>>24247918what was your problem?
So bitcoin or gold? What do you suggest basically?
>>24248153some gold won't be bad, but go for Bitcoin majority.also get some XLM
>>24248133Transactions could not be sent for some fucking reason and when they finally were sent they needed some memo shit on the exchange to identify the transaction which was never explained anywhere, also it didn't worked with the trezor for some reason.I think it has a future if they improve the software.What benefit do you see to stellar anon?
>>24248090I don't like videos, they are too slow, give me something to read. I can't focus on videos, they make my angry for been to slow. I can read much faster then I can listen.
Thread of the year. Saved, based, and fuck jannies.
>>24247818Congrats on your 3x, I cashed out over a 100x in 2017 alone you’re doomed if you can’t listen and learn from your superiors
>>24246838no. keep it in there. it's part of it.
>>24248200I don't have this dude book atm , btw you are lucky of being able to focus on books and not videos.
>Think about buying crypto>Look at etherium since everyone recommends it>MFW it's $560 and I'm just a sad poorfag>MFW it's sharply increasing in value>MFW almost every nonmeme bitcoin is increasing in valueAm I witnessing 2017 2.0?
>>24242308Land has always been a ponzi scheme, thats why states were invented.The western middle class is the exception for history. Its back to feudalism we go
>>24248192the memo issue is a frequent one. They need better UI and once that hits im pretty sure mass adoption will be easier>What benefit do you see to stellar anonvery good team, founder literally gave life to the idea of Ripple and made it a reality and went to go onto make a better platform.public network, open source, it's got a decentralized exchange embedded in the codebeen live since 2014practically never going to do any airdrops anymoreu can stake lumens on so many legitimate third-party services like nexo, ceclius, anchorusd, blockchain.com, literally dozensit's huge on regulatory compliance, especially in America; it's got more love in congress than Ripplei can keep going but I think the best part is that anyone can tokenize their assets and get rid of trying to depend on fiat or bankersCBDC and all will be a thing but imagine people tokenizing their own land, their own food, etc; this is HUGE for third world countries and the adoption for Stellar in those countries are going to start to showyou can even buy TSLA stocks on the SDEX (stellar decentralized exchange) via DSTOQ anchored - tokenized security assets
>>24248347>you can even buy TSLA stocks on the SDEX (stellar decentralized exchange) via DSTOQ anchored - tokenized security assetsWTF how why the fuck is this shit never talked here.
BITCOIN GOLD OR LAND? WHATO TO BUY?I GET THT FIAT IS SHIT AND STOCK MARKET IS A PONZI... SO WHAT TO BUY?TIME IS MONEY AND I APPRECCIATE YO'R EFFORTS WITH ALL THIS STORY ABOUT CHINA... BUT HONESTLY ALL THIS FUCKING TREAD IT'S A LOSS OF TIME (MONEY)SO WHAT TO BUY? GOLD BTC OR LAND?
>>24246832Pla has never lost a war either. They beat the western proxy GMT and then fought the allies to a standstill in korea
>>24248268Cool, so how you made that 100x ?
>>24248295But seriously, should I buy Etherium right now? It seems awfully high.
>>24248392Stellar still hasn't out-shined Ripple's shadow due to its founder having a hand in both; he still owns billions of XRPaside from years of misinformation and FUD, Stellar is a sleeping giant2021 is going to be the year where you see real development on Stellar
How mad are all you doomers that prices just keep going up years after you spew your retarded doomer shit. Go fuck yourself faggots ahahaha
>>24248435Shit man, learn to invest, it isn't like that. You can buy today and things can change and dump later on. It is really like gambling, anything can happen the world is more strange than any fiction. In my view a lot of countries printed money, so gold and btc will rise, companies associated with petroleum and tourism are really low right now also. Xom and USOIL made me some money just now, they are raising, but they could drop later on. Tourism could take too much time to rise again. No one know, you will need to take your time and study things over.
>>24248476Yeap, I am trying to make this guy reason, but I am unable, he is conditioned by his nationalism to not see how fucked his country is.
>>24244260Broseph i'm from podunk Russia that hadn't had zoning laws since the USSR, and we have the same fucking problem with real estate being priced out for Millennials and Zoomers
>>24245325The housing market is going to crash in 2021 anon.
>>24248440chinknas so weak they have to create and celebrate fictitious victories now, that’s some Kim jung levels of cope . If they went head on they’d be screwedhttps://tfipost.com/2020/05/chinese-army-is-full-of-wimps-sissies-little-emperors-we-are-not-saying-this-this-is-what-china-thinks/amp/
tech is massively deflating usd so they artificially inflate it with printing to encourage spending and economic growth
Should I buy one Ethereum or should I wait until it drops again? I can't tell if the big spike that hit it recently is going to continue or if it's about to crash.
>>24242308Because boomers are selfish motherfuckers who only live for the moment and don't give a fuck about future generations. They will be remembered as the worst generation in recent history.
Jews have set the whole system up to keep you from being able to have a nice big white family. You will never afford a place for your children, you will never be able to pay off your debts, and you will always be a slave to the Jews.
>>24248268Youre a faggot and I could beat you to death with my bare hands and fuck your girl (if you even have one you faggot)
>>24242617>>24242553>>24242521>>24242493>>24242472>>24242446>>24242418Take the elastic supply protocol pill. AMPL would have unironically liberated us from the Rothschild financial pyramid scheme based on fiat currency, fractional reserve banking and compound interest. Unfortunately most people who invested into it couldn't hold their fucking AMPL, instead wanting to sell their shit in exchange for fiat, like good little slaves.
>>24248933>would haveChecked. It still CAN liberate us.
>>24248915Shill man, he is probably just a lonely fuck that is living his fantasy on-line. I told him to read the tao te ching, maybe with luck he will try to reflect over his life. I going to bed, good night guys, it was great reading this thread. Hope me make it somehow.
>>24245446Buy something reasonably priced, and use FHA to only put 3.5% down
>>24248915ccp manlet defected
>>242487640.5 now 0.5 later, or in 0.25 chunks
>>24249093Why in half and half chunks instead of all at once? I assume it's to mitigate losses.
>>24246306Gas yourself, kike.
>>24242308Suburban prices are exploding as everyone is escaping the cities but give it a year and by real-estate for pennies on tbe dollar. Crash sometime end of next year.
>>24248608>The housing market is going to crash in 2021>>24249256>Crash sometime end of next year.Can you elaborate on this further? Is this rooted in lowered interest rates and increased borrowing?
>>24248536>a lot of countries printed money,Ok but maybe printing is beneficial for stonks to go up so they will simply let it print for another 20 years
>>24249655kind of but its been exacerbated More so has to do with the economy tanking brining down alot of middle income both blue and white collar families. the missed payment rate has been going up 10% a month. The market should have already started to decrease but the riots/political uncertainty/etc has ballooned the suburban markets. Not sustainable. Cities like San Francisco and NY are just starting to see their housing/rental prices drop for the first time in decades. Its going to get real rough for alot of people (unless their is a mortgage bailout which will cause alot of other problems). So have some cash and be ready to get a few discounts.
>>24242308>MUH CAPITALISM!!!!Supply and demand you fucking moron. Demand is high for LA houses, price goes up.
Is DMX token good one? Join in a referral program on Probit for DYMMAX (dymmax.com), international platform, they cooperate with blockchain platforms and ecosystem of China, USA and etc.
>>24250294I love reading these in an Indian accentAlexLMAO
>>24246210Anon, the economy is in a bigger recession than the Great Depression. There is scarcity of some raw materials like some fabrics and chemicals. There's also millions of unemployed and companies/franchises closing left and right.And the pandemic has been around for less than a year. The WHO and the CDC already have left their intentions clear of continuing for years, even after a vaccine is available.You're an idiot if you think things are fine.
Housing market will crash but the dollar will as well.
>>24246367Culture is not destroyed, it simply changes. You retards always use Rome as an example because it's the only one you can find. The USA was always a melting pot of many different peoples and cultures and it ushered the greatest technological advancements, as well as the best living standards for their citizens in all of human history.Countries that refuse to open up end up stagnant and eventually cease to exist. See Ancient China, Japan, the indigenous population of the Americas, African countries, the Middle East etc. There's a reason China was stuck on the X century while Europe was already ahead of them in technology, philosophy and financial systems. There's a reason Egypt was so advanced to the rest of Africa.Trade of both goods and culture is necessary for society to evolve.
>>24244222Fucking checked mi amigo.Pero..what if I came to Argentina with the intent of starting a crypto based business? How is the process to buying land? I'd imagine I would live and under cover so as not to attract attention to myself.
>>24246672Based, doin gods work anon
>>24250723Anon, Argentina is under socialist rule right now. They're two steps away from becoming Venezuela when it comes to fucking over private companies.Right now even if you made a profitable crypto business there, you would have no way to export your monies outside of Argentina. And if the government realizes that you're taking the monies out through crypto, they're gonna fuck your ass raw.
>>24247199Told them, they got genuinely angry and labeled me a conspiracy theorist
>>24250723You can but the local currency is shit, you be honestly better-off in the Caribbean
>>24250723Uruguay & Paraguay are probably better atm, but if you want to go inawoods you can probably buy cheap land here of course you need to risk the posibility of going full memezuela.
>>24251224I've been looking into py. Really just wanting diversification of currency and eventual citizenship. That's my major goal.
>>24251345The countries with the easiest citizenship are Panama, Venezuela and Uruguay.
>>24251412Interesting How's uruguay?
>>24251458Uruguay & Argentina are pretty easy in terms of citzenship you just move and live for a few years then claim citzenship.Uruguay has the advantage of being a fiscal paradise for freelancers you can just get dollars from ATMs there so if you get foreign income you live like a king there.
>>24246598>china is literally 30 years behind us in chip and semi conductor manufacturingIs this the kind of retard I share a board with?
because a house is the new micronation, and where the immigration border is.you can call the police/state to eject any nigger or unwanted of your property.You can pretty much do, say , dress as you wish on your private property.The streets and public areas are now the third worlds, as the borders came down.Even the youth streamers know this they buy big warehouses once popular and do whatever the fuck the want in there free from state inteference and protected by the state from niggers.
>>24245325You need two houses to make a killing, unless you plan to move into your car.
>>24246672Saved. Gracias Argentino, espero que tengas una esposa hermosa y hijos en el futuro. Muchísimas gracias por la información que no as dado hoy. I’ve been browsing 4chan for fucking years, /b/ then /k/ , /pol/ you name it..:but this shit right here, it’s hands down the most informative and important thread I’ve ever read. Thanks Argentinian anon and all the other people giving great information. I’m a complete newfag on /biz/ just started lurking and investing a few weeks ago, even though I knew about crypto and even had some BTC in 2011 but just didn’t pay attention to it being young and chasing pussy. Now I’m in my 30s and all I wanna do is buy land, have some financial security with no debt and get my Midwestern wife pregnant with at least 5 white babies.
>>24242308>place to liveThat's why. The number of people on earth increases literally everyday, which increases the demand for housing.If you dont have money to invest in real estate directly, then you have the option to invest in residential REITs (they're obligated to give 90% dividends out).
>>24251861No problem anon i am glad i am redpilling people , if we get enough people of our generation aware of this issues we can change history.
>>24252210Eh.When nevada starts running out of land I'll be worried. This isn't taking into account that we can alter our dna, print cows and vegetables, and build with newer technologies. Housing "prices" is different than a shortage.
>>24252415Just want to clarify: housing shortage meaning availability of property to live in. This is different than a crisis which is more costs, affordability, regulations.etc
>>24252415>nevada starts running out of landWho would want to live in the desert except for red necks ? New york, Los Angeles, London, Berlin, Tel-Aviv, etc are running out of housing space let alone land.
>>24247479It's from the Principles book from Ray Dalio:https://www.principles.com/the-changing-world-order/#chapter1
Best thread I've read on biz since 2016. Thank you anons.Been all in on BTC since August.Fuck the boomers, were taking over
>>24253191>Fuck the boomers, were taking overNow that's the attitude we need but also waking up people.
>>24250706>The USA was always a melting pot of many different peoples and culturesOnly since Wilson non-whites were allowed in. USA was a European meltig pot, not a melting pot of subhumans like it is today>and it ushered the greatest technological advancements, Wrong. Most are stolen or bought. Now that the quality of the population has gone down due to the subhumans USA has technologically stagnated and is now behind China.>as well as the best living standards for their citizens in all of human history.Actually wrong, US living standards are 3rd world. Even during the best times they were behind central Europe.
>>24252220Like another anon mentioned. I’d love to have your email to keep up with ideas and information, specially during this world unrest. I’m personally working with a group of individuals from across the United states and possibly the world, to do a giant real like redpill Awakening to the masses. If you’re interested to hear what I have to say feel free to write me back in Spanish if you like; so I can give you more information. I know it sounds like a larp, but it’s a great project I’ve been brainstorming with a few American patriots. [email protected]
>>24245411>https://thehill.com/policy/technology/technology/483010-irs-removes-rule-on-fortnite-game-currencyWhat were the good days like anon? I'm a humble zoomer too young to remember
>>24246306A hooked beak typed this post
>>24245356Ausfag here, this thread has made me want to fomo into the housing market or forever be a renter
>>24242418>>24242446>>24242472>>24242493Stop hitting enter after every single sentence.