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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


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54447458 No.54447458 [Reply] [Original]

Hello /Biz/

I’m a /Pol/ lurker who’s spent the past few weeks on this board because of the recent financial turmoil. I regularly see posts here that the US economy is on its last legs, they point out the national debt, inflation, the inverted treasury yield curve, money printing but when I go outside everything seems to be fine. There are no long lines outside banks, the DJIA seems to have recovered after 2020, my old wealthy friends aren’t worried, my young stoner friends are still getting free money and haven’t worked a day since the pandemic.

> So is the US economy really heading for collapse or is this just the new normal? If the end-is-nigh, why does nobody other than /Biz/ seem to notice or care?

>> No.54447516

>>54447458
You have to go back chud

>> No.54447541

>>54447458
The colapse is slow and not immediately apparent. "2008" took years to develop and once colapsed the affects lingered until 2016 but most of that was because obongo was president. He was insistent on a 30% corporate tax rate and telling everyone that our best days were behind us and that we were a nation in decline at every opportunity. We didn't come out of the darkness of 2008 until MAGA.

>> No.54447559

>>54447458
>I’m a /Pol/ lurker
>with a capital "T"
go back >>>/pol/

>> No.54447566

>>54447458
asking /biz/ what’s going on in the markets is like asking /ck/ how to cook.

>> No.54447602

>>54447458
do you have a question?

>> No.54447621
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54447621

Go back >>>/pol/

>> No.54447642

>>54447566
Kek. Either /Biz/ knows something the public doesn't or Biz is retarded. I can't figure out which.

>> No.54447720
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54447720

>>54447458
What you see is either absolute cope in its purest form or complete delusion. The problem is the gen pop basically believes everything on their social media news feed. But their overall sentiment and collective consciousness is a good indicator of what you should do:

>they think crypto is dead
>you buy (specifically XMR, BTC)

>they think PMs are not the safe haven they once were
>you stack, at least what you can afford to preserve any profits

>media tells you what to buy/sell
>do the exact opposite

Despite jobs numbers reporting, you need to look at why unemployment is as low as it is. It’s mostly due to everything being inflated to hell that a lot of people that used to get by on one job are taking second jobs. Formerly retired boomers are going back to work because their portfolios have been blown up. With all the bank failures you see lately, their debt is being absorbed by larger entities the government has bailed out in the past because they deemed them as (((too big to fail))). It’s a concerted effort to wrap up everyone up under one financial umbrella so as to have a tighter grip, it’s not an accident. Just a few months ago I believe it was Forbes that said SVB was one of the best banks for a variety of reasons and a month later it folds like a cheap suit. That was by design. Thats just a fraction of what the problems are created by our fractional reserve banking system. I’m sure some other anon could easily get more technical than even this.

>> No.54447971

>>54447458
go back

>> No.54448155
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54448155

>>54447971
>>54447621
>>54447559
>>54447516

if (thread.body.includes("pol")) {
Response.create("go back");
}

> Biz, why you like dis?

>> No.54448185

>>54447458
2 more weeks.