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

/biz/ - Business & Finance

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18050826 No.18050826 [Reply] [Original]

The current US economy is driven by speculation than people being rewarded for their (work) as in the 1950s and 1970s. As many of you know this was the time when our parents were able to buy a 2nd house, go to college, and not get into 200k student loan debt(all on a bs job)

In this consumer-based economy (70% of US GDP being buying shit) then wouldn't that make BTC infinitely more valuable in the long run?

Sure precious metals have their place at doing a 2-3x, but
>trillions of money being printed to infinity
>Negative interest rates
>japanese style economy post-recession
>after the halving in 2021

wouldn't this be bullish for btc at a potential 5-10x and metals 2-5x?

>> No.18050922

also how the fuck else can an anon profit in these times and after this blows over besides btc/metals

>> No.18051174

>>18050922
puts

>> No.18051238
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18051238

>>18050826
printing money is necessary, you want to have certain inflation. japan is doing really well considering their old aging population, lots of jobs for young people, people are median level wealthier than europeans and americans, less debt, all organized and peaceful

0 or negative rates are not the end of the world

>> No.18051283

>>18050826
there is no hope either way
>dont buy BTC and precious metals
get rekt by inflation
>buy BTC and precious metals
get rekt by inevitable capital gains tax hikes whatever tyrannical government is in power later this decade
As Schiff said yesterday, you may not have any real gains as your assets have increased due to inflation, and then the govt slap a 90% tax on your "gains" which are not really real
only way is to escape the west and cash out in singapore/puerto rico or somewhere like that

>> No.18051464

Why are you postinhg with a sexy woman, why are you make this?

>> No.18051491

>>18051174
This isn't january you retarded nigger

>> No.18051639
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18051639

>>18051283
so load up on precious metals / btc and escape to asia?

>> No.18053515

>>18051639
oh god she is actually hideous.

>> No.18053961

Buy ChainLink and never ask questions until we hit 1k

>> No.18053975

>>18053515
the longer i browse here the more i feel attractive to fatties, trannies and generally ugly slampigs

>> No.18054001

>>18053975
attracted* ffs
coomer brain

>> No.18054103

>>18051238
Slight deflation is the ideal, because it encourages saving for unexpected events.
Change my mind.