/biz/ - Business & Finance

>>29022590
Compendia $BIND wBIND

Although if the financial system collapses, I'm pretty sure most cryptos crash too

>>29022590
nigga coin

>>29022590

Floydbux

>>29022616
Nah, there is going to be heavy loss of confidence in American markets and result in a shitton of de-dollarisation. Without the dollar there only obvious choice for a global standardized payment system is crypto, for now.

>>29022590
Unironically, silver ones.

implying

>>29022835
nigger if you're trying to trade with china what are you gonna do, mail your fucking silver coins overseas? retard

>>29022590
If that's what you believe you need to buy BTCDOWN

>>29022967
I am sure they will be as reluctant to take a pile of shit coins

>>29022806
So what's happening tomorrow, sexy?

>>29023562
Oh nothing major just a rehash of MBS's getting blown up, except this time it's absolute garbage equity loans getting blown up. The DTCC is going to get blown up, and the DTCC processes just about every single equity transaction on wall street. The banks backing it are going to have to foot the bill. Total chaos.

>>29023732
I feel like I heard this last week..
And the week before that and before that during GME craze.
Is this Q psyop again "something is gonna happen, insider tip" that never delivers as I'm tired of them

>>29023732
And all that is happening tomorrow you think?

>>29023937
>his definition of a happening is full blown civil war
>and even then it wouldn't be a REAL happening without someone getting nuked

>>29023994
I meant more in the context of "market crash", buy gold/silver and the whole Q "happening" shitposting that's similar with "it's happening 2 more weeks" except these "market crash happenings" seems to be every week except it never crashes.

>>29023994
"Tomorrow" is more figurative than literal, but very soon, assuming the market's left to its own devices. I don't see how the DTCC raises enough collateral from literally anyone before it happens again.
>>29023937
It kind of did happen a few weeks ago, the collateral demanded by the DTCC was raising money for this purpose. Basically trying to stop as much damage as possible, but we're fucked anyways.

>>29024353
Also has less to do with GME and more to do with synthetic shorts in general that are propped up by loans that are very near default.

>>29024117
>>29024353
https://www.youtube.com/watch?v=5l4OEJ38aLY

Well anyway here's some music to set your mood in case it does happen, assuming we still have power since apparently every state is on the verge of collapse (perhaps deliberate?)

>>29022590
Hello fellow idolfag. Quality yohane. Buy BTC and XMR for long term gains.

>>29024471
Every state?
Nah, markets in other countries will probably be fine. If anything they might pump, the US is going to have serious capital flight risks, and dedollarisation is a wet dream for the JP and EU markets.

>>29024353
>"Tomorrow" is more figurative than literal

The absolute state of bobo. Lmfao

>>29024353
Oh right. Tomorrow as in, not really.

...what?

>>29023937
have some patience you dumb lil nigger. It takes time for these events to come to fruitition. A city-destroying tsunami starts off as nothing but a wave in the middle of the ocean and takes time to build and reach us.

>>29024676
>>29024776
By tomorrow I mean within the next 2 weeks by all likelihood.
Can't make money off of this by shorting though, unless you want to short the dollar on forex or something LMAO.

>>29024669
The great depression began in the USA but it happened globally, anon. I'm starting to think you don't know as much as you think. When burgerland collapses, 100 million nignogs will starve and Egypt will march an army through the Sudan to fuck Ethiopia's shit up.

>>29024868
This isn't the great depression. The great depression was from a time where the world was reliant on American made goods to stimulate the economy. Now the only thing the world relies on America for are globalized marketplaces and the petrodollar (globalized currency). Those stop mattering when confidence in American markets die.

>>29025046
Prior to WWII the Europeans had a larger industrial base, the US stock crash was unrelated to industrial power.

>>29025287
Regardless, the US was by far the dominant economic power of the time. This is not true in the slightest anymore, the US's economy is fucked by all metrics already. The US is now the world's dominant financial power, and it's about to have a crisis.

>>29022590
probably gonna need privacy coins. gonna need Suter. suter shield is top notch and so are them fake boobies in that pic

I want to ejaculate in that anime girl.

>>29022590
XRP
ZCASH
DASH
BITCOINCASH

>>29025967
>>29025632
@joptr06 b4 anyone asks

>>29023732
explain to me like I was a golden retriever

$SALE

If the US financial system crashes you will have no way to use your cryptocurrency in a meaningful way. How useful is cryptocurrency when you are off the grid?

>>29026150
>2008
>Banks make bonds that have value backed by mortgage debt
>this is infinite free money because everyone pays their mortgage
>banks give out shittier and shittier loans to package into these bonds, eventually to the point where enough of them default to make the bonds worthless
>banks bet so heavily on derivatives based on these bonds going up that they go bankrupt and default (synthetic CDOs)
>crisis ensues
Now we're in 2021.
>equity markets
>lend out shares of equities with the promise of getting them returned with interest
>instead of taking these shares that are lent out of circulation, open a position with an IOU of a share (synthetic shares)
>enter shittier and shittier equity loans because this is free money
>enough of these loans default that lenders and synthetic share issuers (DTCC who are owned by banks) go bankrupt

>>29026774
>lend out IOU
anything that start with that cant be good
we funked

>>29027223
Just like with MBS's, this is totally fine as long as not many people default and everyone pays back their margin.
Whoops.
In all likelihood this would have happened during a standard 2000-like bubble pop anyways, just in the opposite direction of defaulting on longs instead of shorts.