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/biz/ - Business & Finance


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54263605 No.54263605 [Reply] [Original]

Explain to me as if I were an 11 year old how the world economy is doing and why big banks are choking

>> No.54263637

>>54263605
>people / companies put money in banks
>banks used that money to buy treasury bonds / loaned it out
>people want their money from banks
>banks dont have it all

>> No.54263640

>>54263605
Its all fake.
Fake news
Fake women
Fake money
Nothing is real

>> No.54263689

World economy is nominally doing good but capitalism is now destroying the environment. What's the point of numbers going up when we live like rats in a city? The banking system will always go up and down (cycles) just like the stock market. When interest rates go up some banks and companies have to die, to make space for young and better companies.

>> No.54263702

>>54263605
No idea but I sure do love the yen being so weak right now, the brothel girls in Osaka are 25% off and they’re all hot as fuck

>> No.54263754

>>54263637
but why are people suddenly wanting their money back from banks? Is there a reason or is just random?

>> No.54263758

>>54263605
No because if you’re 11 you don’t care about that stuff at all. Go outside and climb a tree. Or in other words, touch grass kid.

>> No.54263811

>>54263605
>wants to write "ELI5"
>realizes "oh no they will know i'm from reddit", better type it out and change the number
KILL YOURSELF PLEBBITARD.

>> No.54264666

>>54263811
Wtf you are talking about schizo

>> No.54264893
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54264893

>>54263640
>Fake women
>Nothing is real
Explain how 2d women get my peepee hard.

>> No.54264910

>>54263605

Anon too bad the housing market isn't crashing.

>> No.54264918
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54264918

>>54263640
>Nothing is real
>t.

>> No.54266007

>>54263605
>big banks use laws made in 1971 to create money from nothing
>they use this law to gamble wildly on the craziest most volatile assets since the money is literally nothing
>the trick is that the money is only valuable if people think it is valuable so if one of these investments goes bad everyone tries to remove their money from the bank at once and the bank cannot pay them back
>so the bank has to sell their shit to cover expenses and ends up closing down
>banks invest in other banks so it's a domino effect
>businesses everywhere large and small hold their money in these banks so they also lose money or go bankrupt with the banks and fire people
>the economy depends on these businesses so unemployment rises, suicide rates rise, crime rises...basically every horrible thing increases when the economy shits the bed proportional to how hard it shits the bed
>every hundred years or so we have a major stock market crash and it's been close to 100 years

tl;dr: we're fucked, how fucked we are depends on how retarded the government is and they are more retarded than the biggest retard

>> No.54266196

>>54264893
>>54264918
You are not real.

>> No.54266705
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54266705

>>54263605
Look, people used to put their money on banks because they were supposed to be safe, now we found out that they are not. So people are putting their money on cryptos which are actually safe and nobody can steal from them, but the big banks want money so they are trying to steal it from crypto, they won't
If we keep saving up, with the recent BTC pump and XOR establishing relations with mastercard, we will eventually make it, all of us. You understood?