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/biz/ - Business & Finance

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29673096 No.29673096 [Reply] [Original]

if USA hits weimar mode, how bad is it for other countries ? what will happen to their currency?
im a brainlet ples explain

>> No.29673366

only us currency should be affected by dollar inflation

>> No.29673427

Had the same question
Hopefully it wouldn’t be a worldwide catastrophe that’ll make the 1929 crash look like a retarded kid’s birthday party.

>> No.29673754

>>29673366
>should
god I fucking wish
so many countries rely off US gibs that dollar inflation is crashing with no survivors

>> No.29673829

If the US economy collapses it’s guaranteed the world economy collapses

>> No.29674120

>>29673096
it would be bad for everyone

>> No.29674143

>>29673829
what should i stock up on to be comfy and enjoy it all collapse

>> No.29674315

>>29673427
That would be my expectation

>> No.29674404

>>29674143
There is no comfy collapse

>> No.29674409

>>29673096
Blood and fire, anon.
Blood and fire.

>> No.29674770

Things will be infinitely times worse in Canada.

>> No.29674802

sadly i can't buy a gun in my shithole

>> No.29674901

>>29674802
buy bow and arrow

>> No.29674931

>>29673096
Basically nothing. Except maybe some boohoo gibs countries like israel. But if i've learned anything it's that money goes first add foremost to israel so that tap will never close even if full weimar goes.
EU won't care
Mby strongarm US to shittier trade deals, chinks will do the same.

>> No.29674994

>>29673096
The USD has been the reserve currency of the world since the end of WW2 and the original promise was that it'd be gold-backed. It has not been gold-backed since Nixon, yet other countries keep funding US spending by buying treasury bonds. In conclusion: it will be very bad.

Nonetheless, there will be no hyperinflation because nobody's blowing up factories and shit.

>> No.29675270

>>29674143
gold, no matter what happens gold will still be valuable until asteroid mining at least

>> No.29675577

>>29673754
Yeah I'm ready for Europe to go back to third world status without our help. I'd gladly live out a depression here too so the actual third worlders fuck off back to where they came from and stop coming.

>> No.29675688

>>29673096
It would be very painful.

>> No.29675709

Russkies and Chinks will invade Europe

>> No.29675884

>>29674994
This whole thread full of retardation.

The post-WWI hyperinflationary episodes occurred because of the destruction of physical assets, meaning that the quantity of bread and shoes went down to 1/1000, but the quantity of cash stayed mostly the same.

The hyperinflation of 1930 in Germany occurred because of the disruption to the real economy AND foreign war debt, which caused the insolvent central bank to print money to pay off said debt, increasing the supply relative to assets.

Inflation in consumer goods in the US, if this COVID-shit passes will occur due to demand-pull inflation: more employment means more spending, meaning more cash in circulation relative to phys. assets, meaning higher prices. This is self-limiting due to the stickiness of wages, though.

The US is not in a civil war, nor can it be compelled to pay foreign debt, so there's not going to be hyperinflation. But if you want to know how much inflation there will be, then look at the S&P 500, because all the money has been going there, without a concommittant increase in value. Cars have gotten somewhat better, but not by that much. Once people will panic-sell stocks (the VIX's increase evidences everyone spazzing out about muh bubble), their price will tank and the money will flood, partly into imagined inflation-hedges (which doesn't work hecause the price of THOSE assets will balloon) and partly into consumer goods, but it won't be the end of the world because, you know... Nobody's launching nukes and shit. The real value of physical goods won't depreciate.

The only real danger is treasury bonds not being bought/paid, but as long as JPow maintains an iron grip on the money printer, that won't happen.

>> No.29675899

>>29674901
should i buy crossbow? their draw weight is limited to 95lbs in my country

>> No.29675905

>>29674802
>>29674901
this and knifes etc.

>> No.29676008

>>29675270
Gold is 98% exchange-value and it has already gone up 1600% or whatever the number is. It's not bad, but it's not magic.

>> No.29676106

>>29673366
Anon, the whole world uses USD as reserve currency, since ‘46/47, then the Dollar was pegged to gold, then Nixon stopped that and made USD and by extension the whole world fiat monopoly money, now we're the ones getting pegged.
>Countries will go back to gold/silver/african forced labor/oil
The last country that tried was Saddam’s Iraq, now imagine the US, UK, Israel, EU VS the rest of the world VS China VS Russia VS Super pooper

>> No.29676158

>>29675884
based

>> No.29676906
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29676906

>>29673096
https://www.youtube.com/watch?v=iNNUVEfoNmE