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

/biz/ - Business & Finance


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55166057 No.55166057 [Reply] [Original]

When will people realize the economy is rigged and that we're not going to crash or hyperinflate? This shit will just continue on sluggishly until it's ground any sane man into dust.

>> No.55166080

>>55166057
Why do you think memecoins are making people rich?

>> No.55166112

>>55166080
Because they're just pump and dump scams. If the SEC were legit, Elon Musk would've been arrested already. The normie herd is way too massive to allow any organic disruptions. People will gamble on the scams and wage slave until they die.

>> No.55166217

>not going to crash
https://en.wikipedia.org/wiki/Wall_Street_Crash_of_1929
Read and find 10 differences between where we are now and where the stock market was then
>or hyperinflate
What will you choose right on this spot if I offer you $1M or 10kg gold, provided that you cannot buy ANY commodity and ONLY stocks and US government bonds with the 1M?

>> No.55166286
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55166286

>>55166217
>where we are now and where the stock market was then
This is the modern world, not 1929. We'll just see further bailouts and market rigging along with price controls.
>What will you choose right on this spot if I offer you $1M or 10kg gold, provided that you cannot buy ANY commodity and ONLY stocks and US government bonds with the 1M?
That is a 100% hypothetical to the reality of what is happening.

>> No.55167132

>>55166057
That guy looks like a bog who's been debogged. And brought back to life.

>> No.55167146

>this can go on forever
Of all the dumb memes circulating in today's vapid economic discourse this may be the stupidest one.

>> No.55167269

>>55167146
MMT
This shit can go on forever

>>55166057
Who's this ? Peter VanBravoReeno

>> No.55167922
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55167922

>>55167132
That look is a man who is tired of watching for the "imminent collapse" only to see it continue on as if nothing is happening. Debt ceiling was a nothing burger. People have called for hyperinflation for 15 years. BRICS are losers that are probably going to collapse their own countries. Banks go down now and there it doesn't even matter. Our cities are bordering on being war zones and the economy is still just as rigged as it was before. The "elite" will rig the value of their assets higher indefinitely until we're all poor and no longer have the means to fight back. Los Angeles could collapse into the ocean today and the herd will still chase ponzi schemes tomorrow. Mankind is too far gone. It ends with a whimper, not a bang.

>> No.55168084
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55168084

>>55167146
>Of all the dumb memes circulating in today's vapid economic discourse this may be the stupidest one.
You don't seem to understand. If the economy starts to stall, they just change the rules and then prop up whatever needs to be propped up. Remember when everybody rioted because they proved openly that they rig prices by fucking over everybody buying GME shares? That's right, because nobody gave a fuck. They change the rules at any time and nobody cares. Soon we'll have UBI from FedDirect and everybody will gamble in online casinos that are owned by the state. The "elite" will still own all the real goods and you'll get your rations. Women will be the majority that endorses this new world and simps will gladly follow them.

>> No.55168196
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55168196

>>55166057

I'm convinced he's going to crack and close down his channel or something. His brand has turned into Steve Van Metre levels of hysteria.

>> No.55168232

>>55167269
>Who's this ? Peter VanBravoReeno
It's George Gammon. He did well making videos that point out technical functions of the US Treasury and the Federal Reserve but now he just makes constant alarmist shit.

>> No.55168245

>>55168196
He should've turned his channel into a redpill manosphere drama channel where he shows off Colombian whores. That would've gotten him a lot more views.

>> No.55168273

The whole point of the current system is to make sure it doesn't crash or hyperinflate, it's just that the current system isn't set by the people who know how to prevent crashes
>>55168196
He's just cashing out on a depreciating asset (yt)

>> No.55168281

>>55168232
VanMetre, J.Bravo, Mannarino

Gammon Is a Pseudobulbar Affect patient ?
if you know him tell him to make an appointment with a doctor

>> No.55168301

>>55168281
>if you know him tell him to make an appointment with a doctor
lol

>> No.55168345

>>55168273
>The whole point of the current system is to make sure it doesn't crash or hyperinflate, it's just that the current system isn't set by the people who know how to prevent crashes
So how did they stop the system from failing in 2008? How come we haven't had hyperinflation after more than a decade of cheap credit and money printing?

>> No.55168759

>>55168345
Were you alive during 2008?
It did fail during the GFC in 2008. That's why economies across the globe took a page out of Keynes's book and effectively created money to bail out these banks, despite having denounced Keynes for the previous 40 years. Same during pandemic. To quote Robert Lucas, "I guess everyone is a Keynesian in a foxhole"
>How come we haven't had hyperinflation
Good question. Because the bailing out is just filling those banks' reserves, it effectively hasn't been spent. Therefore, no bidding up of prices, no inflation. Until the pandemic hit the supply side.

>> No.55168793

>>55168345
The short answer is IOER

>> No.55169121

>>55168245
Pretty sure hes a fag

>> No.55169134

>>55168232
He went from boomer to schizo. But everyone sane went schizo years ago

>> No.55169170
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55169170

>>55166057
>Tired

>> No.55169511
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55169511

>>55168759
>That's why economies across the globe took a page out of Keynes's book and effectively created money to bail out these banks
And they're just going to keep modifying this system until it's outright capital controls and a time decaying CBDC. The normie herd will love it

>>55168793
>The short answer is IOER
And now that they can't do that, what happens?

>>55169121
>Pretty sure hes a fag
lol

>>55169134
>He went from boomer to schizo. But everyone sane went schizo years ago
Until every last sane man looks insane

>> No.55169635
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55169635

>>55169170
So tired

>> No.55169646

That is the good ending

>> No.55170066

>>55167922
Well said.

>> No.55170138

>>55167922
He already fucked off to Columbia where he fucks cheap whores and does drugs, he doesn't care

>> No.55170145
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55170145

>>55166057
Aren't they just kicking the can down the road until FEDcoin roles out?

>> No.55170237

>>55170145
>muh return to gold standard
>muh cbdc
>muh fedcoin
>muh fednow
It's the same bullshit all over again...

Meanwhile nothing ever happens...

>> No.55170404
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55170404

>>55170145
FEDcoin, if need be, will just become a parallel currency to the old dollar but it will have a time decay system to create a new high velocity system without the need for rampant debt and inflation. The zoomers will love it and run with it and gamble on the newest scam tokens in the digital economy while the corporate oligarchy continues to merge into a single giant entity.

>> No.55170423
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55170423

>>55170138
>He already fucked off to Columbia where he fucks cheap whores and does drugs, he doesn't care
He would get more views if he podcasted with those whores than the views he gets from selling tickets to tranny economists.

>> No.55170482
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55170482

It's entertaining watching his slow spiral into getting angrier and angrier by the video.
He knows better than most how completely fucked everything is, but the clown economy just keeps on chugging away.
In the end he'll end up being right, but it's entirely possible this fucked up mess keeps on going for +5 years before the plug is pulled.
He'll probably get banned for ranting about the jews before the economy collapses though.

>> No.55170567

>>55166217
>Read and find 10 differences between where we are now and where the stock market was then
i will give you one difference: the modern fed is a dozen times more competent than the 1920s fed

>> No.55170594

Want to know what really happened?

Desensitization. The market just stopped caring about happenings after 2020. There can be no more bad happenings now, because bad is the new normal. Disease doesn't matter. War doesn't matter. Bank failures do not matter. Market go up. The only way we can crash is if something worse than all this happens. And even then, we are already desensitized enough to accept it eventually. Even things like nuclear war will only temporarily crash the market.

This is how it ends. Soon enough bad news will be interpreted for what it is - bad news. Just be patient. They are trying so hard to get you to buy right now.