/biz/ - Business & Finance

[Anonymous No.30363427]

>stimulus passed
>another 1.9 trillion in debt

So how long until the dollar is worthless

[Anonymous No.30363575]

>>30363427
Thing is they can just say "We are wiping all debt owed to other counties and debts owed to the US." The world wont dont shit because most other nations see this as an easy out and will do the same.
Shit will be messed up for a year and we'll be back to normal.

[Anonymous No.30363662]

>>30363427
every country is in debt trillions

[Anonymous No.30363666]

>>30363575
Ha
Hahaha
AHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA

[Anonymous No.30363750]

never. it'll probably moon during the next currency crisis or liquidity crisis.
but the long term trend is finding another global reserve currency or multi-reserve currency. de-dollarization, whatever you want to call it.
Dollar is 60% of global reserves currently, yuan is 10%.

https://rumble.com/vbojf1-cp-expert-opening-up-financial-sector-as-goodwill-to-biden-as-we-cant-fix-t.html
watch this video, china is upcoming up its stock markets to the west. probably potential for the next great bubble after the current market cycle plays out. that creates a natural demand for the yuan, it won't be a global reserve currency but it can go from 10% to 20% in the next 10 years. Then there's other things like SDRs being rebalanced and other currencies that can play a part.

[Anonymous No.30363757]

>>30363666
checked

[Anonymous No.30363776]

>>30363427
Time to start buying physical goods. All that cash in your bank account will be worthless

[Anonymous No.30363806]

Debt is fake you dumb fags it doesn't matter

[Anonymous No.30363852]

>>30363575
Do you really believe this

[Anonymous No.30363868]

>>30363666
What's the world going to do? The US has more working fighter/bombers on 1 aircraft carrier than most countries have operational in their entire airforce.

[Anonymous No.30363948]

>>30363750
oh yea the video mentions decoupling as well; china's already getting spoiled and moving slowly to a post-industrial, services economy. so they will be consumers buying stuff from vietnam, mexico, india, whereever the labor is moving too.
The US not being the global reserve currency means they don't have to run trade deficits anymore and produce things, whatever they are. The US will be a proper trading partner with China and other countries now rather than be a net importer. The Fed will also be able to control the domestic economy a lot tighter without adverse consequences to the global economy if the US is no longer the reserve currency. So there's a lot of benefits to moving away from the dollar.

[Anonymous No.30363992]

>>30363427

The dollar is backed by US military hegemony so it will keep its value or obliterate the world trying to do so

[Anonymous No.30364022]

>>30363868
petroldollar is over
they will need btc to refuel the jets

[Anonymous No.30364059]

>>30363992

The value of the dollar is guaranteed by nuclear destruction at a global level. The last “dollar” was mined when we had enough nuclear capacity to evaporate the planet and then we mined hundreds times more.

[Anonymous No.30364085]

>>30363427
The answer they'll come up with is obvious. Dollar backed by bitcoin.

[Anonymous No.30364121]

>>30364059

You don’t get a dollar collapse you get a world war. Schizo goldbugs will not be able to make use of their stacks.

[Anonymous No.30364208]

>>30363868
>we'll just bomb all the other 1st world nations who don't comply
>its not like our people won't support it, just look at how unified we all are

[Anonymous No.30364209]

Weirdly the tokenization of central bank currencies along with universal basic income will provide at least 10 years more life to the current debt system. The fine grain of money velocity that a CBDC gives to the fed is immeasurably beneficial to keeping the old system running for longer than anyone would expect. Combine that with near frictionless swaps and settlement of currencies across borders and you have a recipe for world government through fine grain monetary policy.

TL;DR sell everything else and buy XRP

[Anonymous No.30364228]

>>30364121

Imagine Raytheon is tether. We can print a gigillion dollars, then print an equal amount of tanks to park in some poppy field somewhere

[Anonymous No.30364268]

Saw mcm posted need your thoughts on it ..

Anon?

[Anonymous No.30364296]

>>30364228

Collapsitarians keep adding new schizophrenic layers of cope whereas the simpler solution is that USD-Military MMT is basically viable.

[Anonymous No.30364316]

>>30364059
EU, Russia, China all have de-dollarization plans. You're going to attack your ally too? Dumb as shit. Biden will grumble but the US is going along with it because they are a lot of benefits to reducing the USD as the global reserve currency.
USD will retain its value, but the open secret is the US government doesn't even want to be the primary global reserve currency anymore.
>>30364208
exactly

[Anonymous No.30364324]

>>30363427
How does June 2021 sound?

[Anonymous No.30364336]

>>30363575
Not how this works at ALL LOL

[Anonymous No.30364393]

>>30363427
>So how long until the dollar is worthless
April 16th.

[Anonymous No.30364520]

idk not in the next like 50 years bar something insane happening. is the dollar not the #1 world currency?

[Anonymous No.30364543]

>>30364208
More like they wont bomb us. there may be strongly worded letters but in the end they wont do much. Either they follow or they fall apart.

[Anonymous No.30364549]

>>30364393
What happens on the 16th?

[Anonymous No.30364558]

>>30364336
No what you do is set up a parallel commodity pegged currency and air drop it to all is citizens holding dollars at a certain ratio. Then you just infinite money glitch the old usd and pay back all foreign debts with worthless computer digits.

[Anonymous No.30364571]

>>30364520
try under 4 and you would be correct

[Anonymous No.30364628]

>>30364208
Biden is too much of a cuck to do it, anyway.

[Anonymous No.30364630]

I'm thinking a solid split here
>10 percent shiny rocks
>50 percent guns ammo cigs and booze
>20 percent stonk
>10 percent roth IRA
>10 percent random schizo shitcoins like XRP LINK exc.

thoughts?

[Anonymous No.30364652]

>>30364549
The real question is what DOESNT happen on April 15th. :)

[Anonymous No.30364712]

>>30364652
What a tease you are.

[Anonymous No.30364732]

We'll be seeing the markets green this coming week at least.

[Anonymous No.30364767]

>>30364549
Tax season

[Anonymous No.30364837]

>>30364630
Call your IRA manager and have them put everything into PSLV. Then take your 20 percent stonks and buy more XRP. Take 10 percent out of your guns and ammo for more shiny rocks and 5 percent out for a long term food storage. Also buy a cheap as fuck plot of land somewhere way away from any city as a bug out spot. Some place where you can buy for under $3000 per acre

[Anonymous No.30364858]

>>30363575
If you do this then no country on earth would ever lend money again.

[Anonymous No.30364887]

>>30364520
it will retain its value and have at least one more good run in the next financial crisis. the key to its survivability into the far future is having other things step in as the global reserve currency
>The share of the US dollar in total foreign exchange reserves of all IMF member countries has fallen from 72 percent in 2000 to 61.99 percent at the end of the first quarter in 2020.

[Anonymous No.30364904]

>>30364858
Then the US just invades them.

[Anonymous No.30364931]

>>30363427
eoy

[Anonymous No.30364972]

>>30364858
Lol they would and you will cope. Faggot

[Anonymous No.30364981]

>>30364904
>US
>invade
It's the current year anon, pick one.

[Anonymous No.30365021]

>>30363750
de-dollarization..
decentralization you mean? doesn't even need the gay hyphen.

[Anonymous No.30365085]

>>30363427
Reminder the yearly defense budget is 1.5 trillion and more than half of that is wasted giving aid to kikes, spying on citizens, and bombing literal who’s

[Anonymous No.30365387]

>>30363575
Jerome get off /biz/

[Anonymous No.30365396]

>>30364904
Unironically this. The imperial era resumes. Literaly invade countries and loot them for domestic gain.

[Anonymous No.30365498]

>>30363427
not soon enough.

[Anonymous No.30365723]

HIDE FUD THREADS

IGNORE FUD POSTS

DO NOT REPLY TO FUD POSTERS

[Anonymous No.30366056]

>>30364837
>buying crypto
>increasing shiny rock
>but buying land

Dave would be confused but somewhat proud of this spread. I'm thinking NEET schizo boomer hackerman crypto hodler kommando would be the safest hedge. All you need is a bugout van to get you to the innawoods spot to complete this loadout.