/biz/ - Business & Finance

>>57250944
it do be like that

>>56924916
I hope the fed spontaneously combusts.
The last 4 years were completely unnecessary
Tired of their bullshit and attempts at hail mary saves only for us all to pay for it later

>>56704986
>he's such a good slavemind he views freedom as a cult

>>56129290
extremely bullish just like CPI

>>56123053
I convert my Fed funny money into BTC as soon as it hits my bank account, I've been doing this since 2017

>>56110188
>cpi
Kek. USD is worth 2.4% (1/42) what it was in '71, not 13.3%. As in said, gold has 44x since '71, which shows that despite gold being far easier to manipulate than BTC (high physical settlement costs, not trustless, going through de-monetization etc) 'they' still failed to suppress gold over the last 50 years, just as they will fail to suppress BTC going forward. Second, BTC will not act as a mere -1x inverse of fiat until full capitalization, until then it will act as a LEVERAGED inverse, a leveraged inverse with neither liquidation risk nor volatility decay.

>>56012200
BTC has only existed for 14 years and has already reached 1% of the necessary capitalization to dethrone fiat, during that time it has functioned as the best short of fiat, and the best performing asset class, the world has ever seen. Stop searching for some other use-case, the use case of crypto is MONEY, BTC is the first trustless money to ever exist and therefore the last money we'll ever need.

$75k is only $55k in Jan 2020 dollars, of course you're struggling.

>>55951222
MSPUS Q1 2020: $329k
MSPUS Q1 2023: $436k
32.5% increase
M2 Jan 2020: $15.4T
M2 Jan 2023: $21.2T
37.6% increase

Inflation is always and only a monetary phenomenon.

>he bought the lie that houses are expensive because of demand and not debasement
-m2-
1970: $0.5T
1980: $1.5T
2000: $4.5T
2020: $15T
2023 $20.8T

-MSPUS (Median Sales Price of Houses Sold for the United States)-
1970: $24k
1980: $64k
2000: $165k
2020: $329k
2023: $436k

r2: 0.98

>>55708571
-m2-
1970: $0.5T
1980: $1.5T
2000: $4.5T
2020: $15T
2023 $20.8T

We're entering a 1970-1980 type monetary expansion period, remember, interest on gov debt is paid with more debt, "higher for longer" guarantees we'll hit at least $45T m2 by 2030, new ATHs every year

You could buy a house on min wage in 1960, $150k/yr is less than minimum wage

>>55675950
You think the 'bad thing' is the crash, but the crash never happens because that's not the bad thing, the bad thing is the massive and ongoing parasitic transfer of resources from income earners to oligarchs via debasement. The bad thing already happened, is currently happening, and needs to continue to happen for the oligarchs to maintain their position. The only thing that would stay the oligarchs hand from further debasement is worker pushback, but time and time again the worker has shown himself a cowardly faggot that will happily take it up the ass. Look at the recent UPS union "win", a 20% nominal raise over the next 5 years, inflation could be 0% over the next 5 years and they'd still have taken a real terms pay cut from their 2019 wages. That's the power of the fiat grift, opaque and easy theft. Given workers have shown no signs of reigning in the oligarchs plundering, the rational course of action for individuals is capital fight away from fiat, BTC unironically is a good option given the lack of liquidation risk while acting as a leveraged short of fiat, but any tech LETF works (tho with some liquidation risk)

CEOs are by and large oligarchs not enterprisers, they fear losing power over the commoner far more than they desire efficiency

>>55638403
>i-it's jus a crazy coincidence that money stock has a perfect correlation with inflation, t-that doesn't mean inflation is always and only a monetary phenomenon, ok!?
The absolute state of shitcoiners.

>>55626115
>n-no you don't understand! inflation has actually been low for decades! just ignore everything from houses to hamburgers and you'll see that inflation is low!
Kek. I'll let you in on a little secret: Money Is Not Special, increase it's supply, decrease it's value, simple as, inflation is always and only a monetary phenomenon.

>>55621978
Smoothbrain. Actual inflation has kept pace with money stock expansion, CPI is fake and gay, or do you think houses going for $150k (and ~$30k in 2000) in dying rustbelt shitholes is the product of organic demand despite those areas bleeding population for decades?

-m2-
1970: $0.5T
1980: $1.5T
2000: $4.5T
2020: $15T
2023 $20.8T

Note that m2 does not even fully capture the true extent of debasement, e.g. "large-denomination" time deposits (>$100k) simply aren't tracked anymore! MZM, a broad measure of money that captures large near money deposits was discontinued in early 2021! Convenient.

>he thinks "digital money" is value of BTC
Statist fucking shits will never stop debasing, that is the value of BTC, it is TRUSTLESS & STATELESS, it is a technical fix for the political corruption of Money.

>>55595400
m2
1970: 0.58t
2023: 20.8t

Even in SF, starting before the silicon valley boom, most of the "appreciation" was just debasement.

Short the Shitcoin.

>what time in history could you buy a 3 story house for 40,000 dollars?
1) It's a teardown 2) houses were 1x median income only 50 years ago. Stop simping for statist parasites, they aren't going to reward you for your fidelity

>>55561549
Backed soft money already failed, see point (3), you can't trust oligarchs to keep the peg, it's too easy to cook the books a little, then a little more, then a little more until it fails like the gold USD failed in the 30s, and then all pretence was dropped in '71. BTC is trustless uncorruptible hard money that's easy and cheap enough to actually use as a settlement layer, even $100 BTC fees is orders of magnitude cheaper than physical gold settlement.
>>55561566
Yes, and? Not an argument. They don't control the network, the network (you, me everyone) controls the network. It's software, we can always hard fork in a needs must scenario.

>>55554708 #
Check money stock computer anon, m2 3-5x every decade, Shorting the Shitcoin is the easiest safest trade you can make

Always
Short
The
Shitcoin (fiat)

It's that easy, Short the Shitcoin
>but what if it pumps?
Short the Shitcoin
>but what if it dumps?
Short the Shitcoin

You can't lose, statists will never stop debasing, they can't stop, they won't stop. Short the Shitcoin. You still never lose, you are GUARANTEED a 3-5x every decade.

Short the Shitcoin.

Laughing at statists that mainline the koolaid.

>>55540968
>b-but muh CPI!
Nigger, houses is fucking Gary IN go for $150k:
https://www.zillow.com/homedetails/2441-Calhoun-St-Gary-IN-46406/115785357_zpid/
$145k, sold in 2010 for $40k! And before you cry "cherry picked" I literally unironically posted the first house I found on Zillow for Gary with a sale in 2010.

Statists shitcoins going to zero, cry, seethe, dilate.