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/biz/ - Business & Finance

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49461766 No.49461766 [Reply] [Original]

Friends, what if Judie or Neel decide to reduce the burden of US Debt by devaluing US dollar by, say, 50%. Overnight.

What would you think will happen?

>> No.49462073
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49462073

>>49461766

>OMG!!! USD WILL BE DEVALUED 50% OVERNIGHT ANY MOMENT NOW!! IT'S GONNA HAPPEN BECAUSE I'VE BEEN BUYING A SHITLOAD OF GOLD AND SILVER FOR THE PAST FEW YEARS INSTEAD OF CRYPTO!!! JUST 2 MORE WEEKS!!! GOLD AND SILVER WILL FINALLY MOON!!! COMEX COLLAPSE IMMINENT!!! USD DEVALUED OVER NIGHT!!! OMG!! OMG!! IT MIGHT HAPPEN TONIGHT!!! OR IN TWO WEEKS!!! OMG!!! OMG!!!

>> No.49462137

>>49462073
Go have a great life ahead of you.

>> No.49462238
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49462238

>>49462137
>waaaaah!! not everyone is a metalfag like me, waaah!!! not everyone missed out on epic gains like i did!! waaah!!

>> No.49462313

Bump #1

>> No.49462858
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49462858

>>49461766
>this is unironically the metal baggie's brain 24/7
>constantly hoping for an imminent collapse so he will finally see some meaningful number-go-up

So fucking cringe. PM shillers selling gold and silver have said every single day since the early 2000s that ANY MOMENT NOW, just 2 more weeks basically, the Comex will die and gold will go to $20,000 /oz and silver to $4000 /oz, or some similar bullshit numbers like that. Heard that shit basically every day on The Alex Jones Show back in 2005-2006. Guess what, since then gold just a bit more than doubled, while BTC did more than a 25,000,000x ($0.0008 to $20k).

>>49462313
You can't bump your own thread, newfag. Back to r/silversqueeze or whatever subreddit your came from.

>> No.49462946

>>49462858
Im gonna reply to you so you make 5 cents and the thread bumps.

>> No.49463653
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49463653

>>49462946
>cryptofreaks are controlled opposition

>> No.49463701

>>49462946
You can't bump your own thread.
And
>what is sage

>> No.49463930
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49463930

>>49462946
Notice they're all 1pbtid but read like the same person lmao

>> No.49463952
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49463952

>inb4 "b-but youve only made one post"

>> No.49464003
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49464003

>these aren't just pre-'64 US silver coins it's SURVIVAL MONEY

>> No.49464034
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49464034

>inb4 "b-but youve only made one post"

>> No.49464060
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49464060

>>49464034
You're a cheeky cunt but you're alright

>> No.49464089

>>49463930
Yea lol. I do not understand though.
Why are they sliding this post? I have asked a reasonable question, have I not?

>> No.49464105

>>49461766
why do it overnight and cause chaos?
this will literally happen in less than 3 years at the current rate and the goyim will barely even notice, maybe 5 years if you believe in official inflation stats

>> No.49464241

>>49462073
this hurts man
>t. all in on silver

>> No.49464245

>>49464105
>why do it overnight and cause chaos?
I did not mean decreasing the value by 50% via inflation. I meant 50% overnight truncation.
This way spillovers will be overarching instead of cascade-like.

>> No.49464287

>>49464241
>>t. all in on silver
Based ygmi. Do not get demoralized by psyopping kikebots.
One mercury dime = you having a threesome with a mother and her questionably underage daughter.

>> No.49464371
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49464371

Under no circumstances whatsoever I'm selling my LUNC.
>release the dollar fud

>> No.49464413

>>49461766
Economic boom almost everyone although boomers and buyers of our debt like japan would be economically deleted. Would probably be done with some government program to where they could direct more spending towards local populations like...infrastructure???

>>49464105
>why do it overnight and cause chaos?
Yes, lets stick with how its being done now where no one notices.

>> No.49464497

>>49464413
>buyers of our debt like japan would be economically deleted.
Why so? would it not be an advantage to Japs if usd gets weaker by 50%?

>> No.49464605

>>49464497
Why would you want the money you loaned out to be devalued by 50%?

>> No.49464652

>>49464605
Because BIS will blackmail me that if I do not do it I would be taken out of SDR basket.

>> No.49464732

>>49461766
Go and polish your gold you nonce.

>> No.49464787

>>49464652
You mean the basket made up of insolvent member countries who are currently resorting to inflation instead of taxes to fund themselves after a convienent pandemic let them a free pass to test out historic, unheard of levels of inflation?

>> No.49464827

>>49464787
Yes. That very basket ( OP here )

>> No.49464849

Kek, i switched to my phone but got the same IP.

>> No.49464952

>>49464827
>>49464245
Oh i see you said truncation which is interesting. China is the second largest soverign holder and im guessing truncation wouldnt be for them which then means some sort of trade war devolving into proxy skirmishes or just outright war.

>> No.49465186

>>49464952
The idea is as follows:

USD is becoming powerful day by day (outside) US border in comparision to local currencies (Euro, Gbp etc, See DXY index) though JPow is printing money to kingdom come. Where as, USD is mildly inflating within US Borders. That is, USD is deflationary outside US where as inflationary within US (For now). This is the first time such a habbening is happening (See dollar milkshake theory).

Other countries (and companies in other country) hold shit ton of dollar denominated debt. If USD gets any more stronger they all will go belly up. If this gets too hot, the local governments will decide to unwind USD or get into gold linked standard - thereby kicking out US out of global reserve status.

To prevent this fakakta, US might request BIS to mediate and a new international reserve will likely be set up (a version of SDR) which pegs to a basket of western and BRIC currencies. A pre-condition to even allow US to remain on this new basket is the aforementioned overnight devaluation of the dollar.

Thusly, I was motivated to asked the quesion in the opening post.

China is in an interesting position. It cannot fuck US without fucking itself. I do not see hot war as a possibility as the concept of countries is already obsolete (When BIS is around, that is).

>> No.49467248

>>49461766
Simple concept, for some reason everybody gaslights themselves.
Would you want to hold a $20 bill or a $20 gold US dollar coin from 1920 to today.

Yes, business in the US performed, and with dividends you would have been better off risking a bit, but would you rather have the Gold coin or the bill

>> No.49467451

>>49467248
The fucking bill because at least I can get change for it

>> No.49467540

>>49467451
Correct!
We would have wanted the green piece of paper because gold is a meme that underperforms!