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/biz/ - Business & Finance

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30121074 No.30121074 [Reply] [Original]

>try to convince my parents that we are literally on the precipice of a global financial collapse once the dollar becomes worthless and millions of people are unemployed because of covid lockdowns
>hahaha low interest for new house go brrrrrr

>> No.30121139

>>30121074
They're right you dumb zoomer

>> No.30121154

>>30121074
Tell them to buy my Litecoins please

>> No.30121181

>covid lockdowns

That's a bit behind the curve now? States are opening up as we speak. Inflation is going to roar as we see the full weight of the pumped money supply in the economy.

>> No.30121254

>>30121181
And? It takes 3-6 months to get a job that isn’t flipping burgers

>> No.30121390

>>30121074
>be 18-year-old zoomer
>read too many doom and gloom articles from zerohedge
>think you are knowledgable when in reality you are just as manipulated as any normie

>> No.30121513

>>30121074
don't believe people who say the sky is falling and awaken to the fact that you have been manipulated to be one.

>> No.30121535

>>30121074
They are investing in real estate.
What is your alternative?

>> No.30121581
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30121581

>>30121074
Boomer rocks is really a misnomer I'd say. Most boomers are brainwashed and have no idea about PMs.

>> No.30121673

>>30121254

I can see why your perspective is the way it is, if you can't get a job flipping burgers

>> No.30121700

>>30121513
The sky IS falling, though.
It's crystal clear that in the next 10-20 years China will dominate the world economy even if USA does not crash right now.

>> No.30121971
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30121971

>>30121700
China FUD

>> No.30122207

>>30121971
So, Winnie just needs to denominate yuan to convince you?

>> No.30122214
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30122214

>>30121971
compare to 10 years ago
https://www.exchangerates.org.uk/USD-CNY-spot-exchange-rates-history-2010.html

>> No.30122799

>>30121074
us boomers are right to get it while the getting is still good. those of us with real assets will fair much better during your financial collapse. imagine not even owning a house (at a low interest rate while the value of the dollar drops) before this shit hits the wall.

>> No.30123132

>>30122799
Checked. I’m an early zoomer, but I’m autistic enough to be successful for my region. I bought a house with sub 3% interest and I have rented out a room that pays for half the mortgage. I disagree about hyperinflation allowing mortgages to be payed off with the inflated fiat though. I suspect the kikes will not allow that much debt to disappear from their ledgers. Things will get worse than most people can possibly imagine.

>> No.30123633

>>30123132
I'm not really a hyperinflation believer either, at least not to the degree that people like OP probably think that happens in a total collapse. it's def. becoming easier to acquire wealth though in the only up stock and crypto markets as more and more dollars are circulated and looking for somewhere to park that's safer than cash

>> No.30123737

>>30123633
and by wealth I mean dollars I guess.... a $500k house bought today will be easier to pay off moving forward than it would have been a few years ago is all I'm trying to say.