/biz/ - Business & Finance

LMAO I'd rather have CAD

>>30273373
ONE, NOTHING WRONG WITH ME.

Can I get a qrd on why I see 5 of these threads a day? Wtf does this mean? Is this a thread where we're supposed to go AAAAAAHHHHH? Redpill a retard please.

>>30273418
TWO, NOTHING WRONG WITH ME.

>>30273492
>Can I get a qrd on why I see 5 of these threads a day? Wtf does this mean? Is this a thread where we're supposed to go AAAAAAHHHHH? Redpill a retard please.

these are piles of Weimar Marks

you needed a wheelbarrel full to buy a pint of milk

now replace weimar marks with dollars

>>30273512
crashing this plane, friendo

FAGGOT JEROME DO SOMETHIGN

>>30273600
you stupid fucking reddit faggot why are you greentexting your own fucking questions? why are you spacing like this? look how much space your bullshit fucking post took up.

>>30273676
jerry was a racecar driver

>>30273865
check IDs, schizo

FUCKING JEROME DO SOMETHING U DOUBLE NIGGER

>>30273600
Jesus christ, you retarded shitheaded mutt
T-bond yield going up is deflationary event because people dont need safe haven anymore.

>>30273373
uh-oh bullbros

>>30273373
it's funny how the market realizing what everyone already knows (inflation is on the horizon, not that we haven't already experienced significant inflation over the past year) is cause for panic. we truly do live in a clown world.

>>30273865
>redditor calls other people redditors because he can't into IDs
Fuck off newfag

>>30273492
bond % number go up = bad
dummies are selling their stocks to cover their bond losses causing the terrifying volatility of 1-2% swings in the value of big stock market indexes
this could also be an early sign that hyperinflation is about to kick off. so if you don't have your prepper supplies in order you should probably do that today.

>>30273930
>>T-bond yield going up is deflationary event because people dont need safe haven anymore.
it's a last resort measure to fight hyperinflation coming

protip it won't work

This the new tether fud. Very cool op thank you.

>>30273606

>>30273373

BLACK HOLE SUN, BLACK HOLE SUN!

>>30273492
Mak sure you put lots of money in the stock market and crypto. No need to know the fundamentals. Just ask other BROS here for good recommendations.

>>30273890
Mm, steamy

>LET THE BODIES HIT THE FLOOR
LET THE BODIES HOT THE FLOOR
>LET THE BODIES HIT THE FFFFFFFFFLLLLLLLLLLLLLOOOR
>LET THE BODIES HIT THE FLOOR
LET THE BODIES HOT THE FLOOR
>LET THE BODIES HIT THE FFFFFFFFFLLLLLLLLLLLLLOOOR
>LET THE BODIES HIT THE FLOOR
LET THE BODIES HOT THE FLOOR
>LET THE BODIES HIT THE FFFFFFFFFLLLLLLLLLLLLLOOOR

>>30273950
Yes. Normie boomers are just now realizing how fucked they are. I would say educated biz posters are about six steps ahead of normie boomers. Us over at pmg are about twelve steps ahead.

KOMMSUSSERTOD

>>30273373
I don't get it I'm not an american what does this mean for us EURO bros?

10Y YIELD IS FALLING
QUICK - PILE INTO STOCKS AND BITCORN!

>>30273492
So these treasury bonds are supposed to give you a [1.624%] annual return on your initial investment. This goes on until maturity 10 years from now. The issue is that the money printer is stuck on the "on" position so inflation pretty much kills any gains you'd get on this [1.624%] rate. So no one really invests in it. It gets pumped up to make it more attractive but it doesn't work. At least that's they way I get it. Google should help you out. Like other anons have said. Prep for hyperinflation.

GOVERNMENT WONT LET THE ECONOMY CRASH!
They don't want Trump to be proven right about sleepy Joe.
They will make an announcement at market open and turn on the infinite money. Markets will be up 10% today across the board with crypto and commodities doing 20%.

>>30273373
Great song.

>>30274128
>there is people here that panic sold their btc at a loss
HAHAHHAHAHAHAHHAHAHAHHA *inhales* HAHAHAHHAHAHDHSHAHHA

>>30274079
>over at pmg

How much more retarded can /biz be?
Yield going up simply means investors are dumping their non-profitable bonds because they feel enough confidence in real economy future (going back to normal)

>>30274154
yield is inversely proportional to demand. more people want bonds, yield goes down. less people want bonds, yield goes up (the idea being that higher yields makes it a more attractive investment.)

when you see people talk about inflation and yields dropping, it means people are pivoting out of bonds because they expect yields to outpace inflation (demand for bonds drops.) people, or really governments and institutional investors since no one under the age of like 65 invests in bonds, are choosing real estate, equities, or even crypto over bonds, because they all stand a better chance at meeting or beating inflation.

>>30274285
Yes.

>>30274298
if it's "coincidentally" around the time that inflation is on the mind of literally everyone, i don't think that is necessarily true. many people are expecting more inflation which is why bond demand is dropping.

>>30273492
It can mean multiple things and it's not necessarily bad but on this Maltese plumbing forum it only means inflation. Read about the yield curve if interested.

>>30273600
when they greenline go up, we greenline go down

>>30274430
you burgers are getting rugpulled

>>30274298
yep, uh huh, i'm sure that's what it is

>>30274430
>contract has secret mint_100x_( ) function

oh no no no

>>30274298
>>30274418
also if you buy into the money velocity meme, money velocity is still incredibly low. when it picks back up there could be significantly more inflation... which people are expecting.

turns out the hyperinflation wasn't a meme after all

>>30273492
they teach this stuff in every first semester econ course on the planet, and everyone who gets a D- or higher is qualified to talk about this.

>>30273890
Drove so god damn fast

>>30273865
He was quoting him, you projecting faggot.

>>30273600
>now replace weimar marks with DIGITAL dollars
fixed that for you.
Now add to this the possibility of negative interest rates and blamo USA is back in business.

>>30274298
Kek. Yeah, sure. Imagine believing that.

>>30274418
>>30274488
Literally NOBODY outside /biz is talking about inflation ffs
All mainstream economic media is full of articles on how we can’t even reach optimal 2% inflation
Take a look at Japan for instance, dumbfucks

>>30274635
>>>now replace weimar marks with DIGITAL dollars
>fixed that for you.
the silver dollar does not exist since Bretton Woods or something

all dollars are virtual today

>>30274667
are you legitimately retarded?

>>30274581
He never did win the checkered flag but he never did come in last.

>>30274313
Your explanation makes sense. Didn't really know the underlying reason as to why the yield increases until you explained it. Thanks for helping me be less of a brainlet today.

>>30273373
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

>>30274694
>since Bretton Woods or something
The Bretton Woods Conference of 1944 established an international fixed exchange rate system based on the gold standard, in which currencies were pegged to the United States dollar, itself convertible into gold at $35/ounce.

A negative balance of payments, growing public debt incurred by the Vietnam War and Great Society programs, and monetary inflation by the Federal Reserve caused the dollar to become increasingly overvalued in the 1960s.[1] The drain on US gold reserves culminated with the London Gold Pool collapse in March 1968.[2]

On August 15, 1971, US President Richard Nixon unilaterally suspended the convertibility of US dollars into gold. The United States had deliberately offered this convertibility in 1944; it was put into practice by the U.S. Treasury. The suspension made the dollar effectively a fiat currency.

Nixon's administration subsequently entered negotiations with industrialized allies to reassess exchange rates following this development.

Meeting in December 1971 at the Smithsonian Institution in Washington D.C., the Group of Ten signed the Smithsonian Agreement. The US pledged to peg the dollar at $38/ounce (instead of $35/ounce; in other words: the USD rate lost 7.9%) with 2.25% trading bands, and other countries agreed to appreciate their currencies versus the dollar: Yen +16.9%; Deutsche Mark +13.6%, French Franc +8.6%, British pound the same, Italian lira +7.5%.[3] The group also planned to balance the world financial system using special drawing rights alone.

>>30274313
Why are stocks and crypto going down then

>>30273373
this literally means fucking nothing.

>>30274896
temporary selloff on temporary nigger cattle panic due to uncertainty regarding the immediate future, amplified by bots. zoom out.

>>30274667
>mainstream
https://youtu.be/WWYRlPOaFxU

>>30274694
>all dollars are virtual today
then how come I can buy a plane ticket to Japan with cash? are not my payments calculated in your economic model?

>>30273373
>OH NO the hecking number went up by 0,011%
Just tell me which shitcoins to buy /biz/

>>30275004
>then how come I can buy a plane ticket to Japan with cash? are not my payments calculated in your economic model?
virtual does not mean fake

it means it's not anchored to gold anymore ($35/oz) and can fluctuate freely aka rugpull you

> 3 room house in the 80s: $100k
> 3 room house in 2021: $600+k
>salaries pretty much the same
you've been rugpulled slowly already

I keep trying to warn my normalfag friends on Instagram, but they don't seem to care. That being said, how the fuck am I supposed to grow my money when inflation is raising but equity markets are getting sodomized?

>>30275041
Buy PDBC. We are in a commodity bull run

>>30275001
oh fuck

>>30274990
Ok ty
Is high inflation bad for an economy?

>>30275150
hoard stuff that won't go down in value

>>30275041
USD

>>30275150
for the love of Christ anon, look up "negative interest rates and digital currency"
It's surprising how many /biz/lets don't know this.

So a bond is a contract that says after 10 years we'll give you 1.61% of your money? What idiot would buy a bond?
Like okay let's say it's right before 2008 crash, bonds go up. The asshole who loaded up bonds right before only makes 1.61% of his money by 2018. Meanwhile, the other person who bought the 2008 dump probably made 2000% by now. So what scenario would anyone make money from bonds?

>>30275705
You keep part of your wealth in bonds because it's ridiculously safe, not as a way to make a lot of money

>>30275705
it's 1.6% a year compounded 10 years

>>30275705
no you make 1.61% a year for 10 years so 16.1% total. I think most publically traded companies keep their cash reserves in bonds as its better than holding cash but still really safe and liquid

>>30275705
Institutions with billions, its not retail

>>30275653
>digital currency

Buttcorn?

>>30275705
>So a bond is a contract that says after 10 years we'll give you 1.61% of your money?
no they have a maturity amount in large numbers. they take a decade for them to be worth that much, in the meanwhile they act as a measure for financial operations.
If you know a certain government bond will be worth Z dollars exactly 10, 20, or 30 years from today, then you have a basis to mark all other investments.

>>30275901
surely you already know about CBDCs, right anon?

>>30275848
>>no you make 1.61% a year for 10 years so 16.1% total.
you forgot compounding

I don’t feel so good, bros

>>30273373
Already priced in yesterday.

>>30273373
>I’M NOT HERE THIS ISN’T HAPPENING
Radiohead's or REM's ?

>>30275971
what's with burger obsession with pearly white teeth?

>>30275965
>surely you already know about CBDCs, right anon?

Is crashing the USD with no survivors the government's way of ushering in The Great Reset™?

>>30276026

what's with the limey obsession with yellowish snaggletooths

>>30276067
teeth shouldn't be able to call an SOS on a remote island burger bro

>>30274313
>yield is inversely proportional to demand. more people want bonds, yield goes down. less people want bonds, yield goes up (the idea being that higher yields makes it a more attractive investment.)
yield curve control and it goes where Powell wants, cause the FED will basically issue and buy bonds at the same time faking the price discovery and trying to impose economic planning
I guess it’s time to hoard gold and BTC

>>30276067
>limey obsession with yellowish snaggletooths
Ayaaaaa good comeback at that filthy bong

>>30273865
get a load of this nigger

>>30276037
>Is crashing the USD
this won't happen. the transition appears to be going the integration route.
Think of how the horses and the motor cars spent a few decades working simultaneously, there was an adoption curve not a crash and then a sudden implementation of a new saving technology.
The CBDCs allow central banks to get away with everything and more that they've been doing the past 100 years (with special note to the last decade)

>>30276100
yes, they should if you clean them proberly you inbred island monkey

https://www.youtube.com/watch?v=23i0BfAwIFc

>>30273492
interest rates are being pushed up ever so slightly by the market, but the US government cannot actually afford to make TIPS interest payments as this continues. we're defaulting in slow motion on the dollar itself.

as long as we keep it going slowly, this will wipe out debts. those who borrowed the most, and who earn money by selling commodities, will stay ahead of the curve and essentially take over -- if they can stay alive at all -- wresting control of the entire future of the nation away from the FAANGs. the media will absolutely screech about this, and as you've already seen begin, and they won't stop for decades. it destroys the green movement, it destroys social media, it destroys entertainment, and it gives power back to farmers and to the oil patch.

>>30276297
The USD is basically a digital currency at this point, though. Most of the USD in circulation is just numbers on a screen. How is a CBDC any different than what we have now?

>>30275848
Even still. Let's say we got 20% of our money compounded. Why the fuck would you not just buy the crash? A 30% gain can be made literally anywhere by 10 years (we're talking 3031). Money is being printed and handed.

So these people with the bonds have the vision to see the DOW and SPY with a less than 30% gain by 2031 if you bought today?

Even with money supply enormously increasing?

>>30274154
it gets pumped down because every asset is negatively correlated with yield

yield go up = you lose money on EVERY asset class besides shorts

>>30276297
>>Is crashing the USD
>this won't happen.
you need 5x the money of the 80s to buy a house

>>30276328
teeth arent white naturally you fucking foreskin-less goyim.

Just because you live your life by Hollyjewed and all your celebrities have them bleached doesn't mean its normal. I suppose you bleach your anus too for your boyfriend too?

Bros... I don’t feel so good

>>30274583
WHOOPSIE LOL

>>30273453
TWO, NOTHING WRONG WITH ME.

>>30276396
you can just hold the bonds and get the interest until the crash is over and then buy it. a lot of people buying bonds are company treasuries though and they don't care about getting returns they just care about not losing money or losing as little as possible

>>30273373
>>30273418
when was it changed?

>>30276372
>The USD is basically a digital currency at this point, though.
no it isn't. It matters that there is still cash which can be horded in private stashes away from the economic sensors which gauge the current total supply.
That cash in a shoe box under a mattress is a problem in a hypothetical negative interest rate environment because that person would be hording something increasing in value. (the central bankers cringe and snarl just thinking about this possibility)
So that means they need a digital currency and eventually force participation so that they literally control all the levers instead of fucking around with bonds and yield curves.

>>30276010
unironically not true at all.

>>30276372
>How is a CBDC any different than what we have now?
you really should just listen to the people who are shill CBDCs and hear what gets them excited. They are in the public relations phase, even though they are still working out the technology.

>>30275971
who is this man?

>>30276639
in 6 months they will say touching cash spreads covid and you must turn your cash to the bank

>im so fucked up with from losing miney
>hate everyone who approaches me
>i see graphene AIRDROP soon
>i put money in in PHR and receive some graphene coins
>i get money from sharding tech
>i fuck you all

>>30276639
>>30276706
Covid-1984 basically expedited the digital currency process. Because of this meme flu, the government can ban cold hard cash under the guise of mitigating the spread of covid. Central digital currency will come soon enough.

here’s how the war on cash will be sold to us:

> Cash is slow to use compared to electronic payments.
> Cash is heavy to carry, and dirty to touch.
> Cash harbors bacteria and spreads the deadly COVID / Coronavirus.
> Over time, cash will become less valuable than Digital Cash.

>>30273373
Wjy is this a bad thing?
I read several posts stating different things

>>30274805
it's because the price moves. here is a very simple bond tutorial: you purchase a single 10-year note that has a 5% annual coupon on it, with a face value of $1000. so, this is a contract, and you are given 5% of $1000 every year for 10 years, and then you are given the face value of $1000 back. you now have $1500. this is a great yield of 50%.

full price for this note is called 100. bonds are bought and sold in this unitless figure which is a simple multiplier. they are priced above or below 100 all the time, but when they are issued you usually pay the full price exactly.

obviously, this note does not exist in a vacuum, and people will pay way over 100 to get it if they like the issuer. these days many will settle for corporate YIELDS of perhaps 3% for 10 years. $1500 divided by 1.03 is $1456.31 and so that very simply results in a bond price of 145.631 paid, happily. the price has moved way up for a good company's reliable interest payments; yield was crushed from 50% to 3%.

it works both ways. a bad company's notes trade well below 100. as the price moves, the implied yield moves. it is a downstream calculation of price.

>>30276429
Im the son of a dentist. Teeth are white. yellow teeth are stained. Fuck you tea swilling excuses and clean your teeth Reginald!

>>30276928
>he didn't study economics and math in undergrad

>>30276537
Just seems like extra steps, no matter who you are. Even assuming USD is fine, which it won't be after they try and resurrect the zombie businesses after covid by printing.
Selling, and probably buying everything after the crash bottoms will be much better than a bond flip for less than a year.

All the crashes we've had in the US were to buy the bottom basically within the same year. A short window to catch a bottom.

Like we have to assume bond buyers aren't even trying to make money. There can't be much return. Buying a bond is like investing in USD against investing in the money printer.

>>30276941
>My dad also works at nintendo

this appeared in every supermarket in Italy overnight

Italy is the test ground for covid-1984 ideas

>>30274896
UST bonds getting cheaper is guaranteed money. a smart investor puts X amount into risk pile A and Y amount into risk pile B and Z amount into risk pile C and so on.

for government issues, risk pile A, that risk is zero. you are guaranteed to get your dollars, or francs, or euro. what will they be worth when you get them? that's your problem. so perhaps X is a much smaller allocation than Z, but perhaps it's bigger -- it depends on whether risk piles B and C and so on are worth getting into at all.

if corporate bonds are only earning you 1.8% on your money, and you can have completely risk-free money at 1.6%, you do not take on the risks of holding the corporate bonds. they are not a government and cannot give equal guarantees.

>>30277028
Yes, preferred card payment. Doesn't mean no cash. But yeah, the direction is there.

Banks will allow you to trade your hard-earned cash for digital currency at a fixed exchange rate. But every year, the amount of digital currency you’ll receive will DECREASE. That means if you hold on to physical cash instead of digital cash, you will be punished through decreased purchasing power.

Here’s how the mechanics will play out:

In 2024, the Bank of Canada will exchange cash for digital currency at a 100:100 rate — $100 will get you $100 digital coins.
In 2025, you’ll buy digital currency at a 100:105 rate — you will need to pay $105 in cash to receive $100 of digital currency.
In 2026, you’ll pay $110 cash to receive $100 of digital currency.
By 2030, you’ll pay around $120 for each $100 in digital currency.

its 1929 all over again

TRASH BASED ECONOMY.

>>30276396
It's about stability. You can always sell a bond to get your principal back early. It does change slightly with yield rates, that is increase in yield means bind value goes down but in general your cash value will grow slowly. For a long term HODL there isn't a point, but large institutions move trillions of cash around between each other and bonds provide a conenient, liquid, and stable way to hold this money while getting some returns. If they held stocks and realstate they'd be subject to the market and good find themselves fucked if they needed cash in the short run. Like I said these provide the cash reserves, they aren't investments. A bulk of a companies money should be going into the actual product it develops.

>>30275798
>>30275848
no, that is what you calculate with the coupon. the screenshot says yield, and it does not say APY. that means yield to maturity.

>>30274154

these rates are based on secondary markets. each bond is issued with a par value of $1000. if it's issued with a 1% interest rate, you can expect it to pay out $1010 at maturity.

at some the holders of the bond might say, 'fuck 1%, look at the stock market, I can get 10%' at which point they sell the bond. if they sell the bond at a lower price than it's par value ($1000), the yield to the buyer increases. for instance, they sell the bond for $990, the new holder still gets $1010 at maturity, so their yield rate is 2% on the bond.

what's being indicated can be a lot of things, it might be expectations of inflation, it could also be bond holders seeing a bull run in equity and crypto and realizing that they're taking implied losses by parking their assets in bonds.

>>30277028
>overnight
Explain

>>30277655
between sunset and sunrise of the following day

>>30276826
this already started in australia 6 months ago
even some banks will not accept cash deposits

>>30276995
Bonds aren't there to make money. They are used by institutions to hold their cash reserves which are needed in the short run. They're also used by retired boomers because bonds pay fixed dividends. If you aren't working you cant afford to be poor for a year if the market goes south. At least historically that's how it's been. Bonds have been always been a very stable asset class and if they stop being one we probably have bigger problems

>>30277337
Okay so this makes sense. Kind of like investing in a tether/dai usd with %apr while the crypto market crashes. Not to buy the tether/dai, just something better than nothing.

>>30277441
So it can mean many things.

>>30277707
Lol I mean did it really just suddenly happen like that. Was it like a government order?

>>30277028
We have this in Canada too, a lot of stores won't accept cash. In Ontario liquor stores are government owned (LCBO) and even they have signs that say PLEASE NO CASH. They're gov so have to take it, but private stores don't have to.

>>30277957
the tv news said something like "we reccomend to prefer cards" (we have reliable contactless payment here for years)

and every single supermarket chain put up this sign at the cashier in 2-3 days

of course overnight was exaggerated, but it was fast and orwellian, and now even people 65+ are paying more with cards

Let me put it into terms for some of our late bloomer autists frens

So what I'm curious about is OK; inflation is good for stonk, commodities & crypto. But WTF happens when they increase the rates and crash asset prices? Wont this be bad for all of the above?

>>30278277
there is temporary deflation followed by inflation

>>30274154
fucking midwits man

>>30277760
Right. Although interest rates for staking stable Coins on AAVE and other protocols have a really nice risk/reward ratio. The main risk being the the protocol being hacked.
But that's the idea, put the cash somewhere with stable value because you will need liquidity. Look into the REPO market.
Or imagine you're a retired boomer, you can't risk being poor for a year even if you know gains will be good in the long term so you hold bonds which give a steady income.

>>30278277
Some inflation is good, too much inflation is bad.

>But WTF happens when they increase the rates and crash asset prices

People holding inflated assets lose money, what do you expect?

>>30274178
I don't think they can control it at this point. Is the national guard still in the capitol?

>>30276639
So is gold and silver and toilet paper and tooth brushes more valuable than?

>>30279320
Honestly you people laugh at toilet paper hoarders, but you really don’t have enough toilet paper yourselves. The average person uses a roll of toilet paper per day. If you have a family of 4, that’s 28 rolls a week. Over 100 a month. Toilet paper rolls will be worth their weight in gold in a few months, because everyone needs it.

>>30279387
I missed this pasta

>>30278072
Seems like it's orchestrated to be occuring this way

>>30279089
They never left

>>30279387
wash your ass in the bath tub ffs you grimey fucks. Or get a bidet ffs.

>>30279089
We're circling the drain here. We're in a doom loop and there is no way out. We've crossed the debt event horizon and there is no coming out. The only way out is through.

>>30275848
>no you make 1.61% a year for 10 years so 16.1% total.
Jesus fucking Christ with this board. do you have any idea how interest works, you fucking retard?

>>30274667
go outside you dumb fuck

>>30279387
Who said i was laughing? I w as s being literal that toilet paper would hold better value over 10 years than the us dollar bit iknow this is pasta lol

>>30273373
what am I looking at?

>>30279478
QRD plz

How to get women under hyperinflation?

>>30279514
This

>>30279522
It's compounded, number is bigger

>>30275267
It can be but it's good for assets like stocks and real estate.

>>30279522
>QRD plz
100

100+1.6%

101.6 + 1.6%

etc.

>>30279478
im not a boomer so no

>>30279522
$1 after 1 year: 1*1.61=1.61
after 2 years: 1*1.61*1.61=2.59
A general case for n years:
x*(1+r)^n, where x is the initial sum, r the interest rate and n the number of periods
1.61^10=117

>>30278731
Right, assets are already inflated and a rate hike will deflate them.

However what is to say they will get reinflated afterwards? Inflation will continue but the rates will mitigate it?

>>30274285
Based

>>30279697
>$1 after 1 year: 1*1.61=1.61
already wrong lmaooooooooooooo

>>30273373
zoom out retard

>>30279663
You won't be able to do any intertemporal financial planning if you can't even figure out interest or discount rates

>>30277266

my god he was right about everything

>>30279752
it's supposed to illustrate the principle of compounding, nigger, not the yield

>>30279777
what am I looking for?

>>30279897
backpedaling

>>30279649
oh lol you're trolling

>>30279581
If you don’t have a stack of silver mercury dimes and shelf stable food at this point you’re too late.

>>30273901
Oh god. Kek. Lurk more. Minimum two years

>>30274178
i like trump as well anon but hes part of the longterm hyperinflation to.

Peter can Schiff on my dick

>>30274667
>Literally NORMIES and MAINSTREAM MEDIA are always ahead of the curve

>>30274298
“Back to normal” means devalued currencies raped by the government to supplement COVID issues

>>30275001
>They picked a quack with a trashcan clown-fund to try to make the case for recession look silly
I now understand both (1) that the inflation and recession are practical certainties and they know it, and (2) why Peter Schiff is allowed to have a career.

>>30281746
Chicken dinner.

>>30274178
This.
the casinos cannot close and the markets can only go up or the entire economy and the economic arrangements of the culture that created these conditions will end.

>>30280585
Trump isn’t the president. Why not also blame Obama and W who set the status quo of 08.

Where does crypto derive its 'value' from?
>infinite supplies of FIAT
Who produces the hardware that is being used to facilitate crypto?
>big corporate, it's filled to the brim with backdoors
Who owns the infrastructure that is being used to facilitate crypto?
>big corporate/state
What is the real purpose of decentralization in crypto today?
>ignoring tech, given technical illiteracy of the general populace: illusion of choice and means to avoid litigation once we enter the phase of rugpulls
Whats the purpose of crypto today?
>it's a means of transition (FIAT rebranded, 1.9); a buffer for inflation, meant to lure in retards with empty promises of effortless accumulation of wealth; smokescreen to allow corporate/state actors to integrate their systems and assimilate all others
How would society look like today, if crypto had not conveniently ermerged and if it had not been backed by ominous actors?
>hardly anyone could fathom the levels of Weimar we'd be in, if it wasn't for FIAT being redistributed from many (retards) to few state/corporate actors through crypto, effectively taken out of circulation
What will the powers that be do about it?
>they'll sit back and let autists and NPCs alike ursurp their throne, obviously - they won't use their nigh infinite (generationally accumulated real) wealth and nigh limitless influence to do what they've always did (lobby or co-opt things they don't like out of existence), because they are the ones engineering it
What will happen with the current projects?
>they'll be killed through regulations/controversy and assimilated behind the scenes; you'll be made to pay a fine and an additional draconian tax along the way for the possession and trade of any tokens/coins

By the end of 2023 you'll either be owned by big corporate/globohomo, have killed yourself (after seeing all your unrealized gains go up in flames come CBDCs) or, which is unlikely, have accumulated enough (real) wealth to disappear innawoods.

>>30273492
Means literally nothing, people don't know how to zoom out.

>>30276429
Normal teeth are white pajeet

>>30282510

This dude is probably insufferable in real life. Thinks he's the smartest in the room and turns out to be completely moronic. See the bar scene in good will hunting.

OK FAGGOT. What happened when the Crown had their coin money and the goldsmiths started printing IOU notes as paper currency? What happened? Did the Crown seize the goldsmiths or did they come and arrest all of them?

No, they recognized that the inevitable pseudo-decentralization of money and power was being passed onto another entity. They entered into a cooperation with them to retain power.

Blockchain and decentralized currencies are based upon the same principles and governments aren't retarded enough to think they can stop it. Instead they will integrate the system and use it to further cement their power. People who hold BTC or ETH will be the new goldsmiths.

>>30282613
You, uh, done a zoom out on debt levels, faggot?

I don't know bros, I know this looks like the real fucking deal but I'm so demoralized from nothing ever happening. I just don't see it happening. There might be a slight problem, but the fed will step in, crank up the clown dial and the show will keep on going. Do not ever forget we're in a clown world bros. Logic and reason went out the door a long time ago.

>>30275001
>""Why do a husband and wife both have to work to provide enough income to support a family?"
>"Because they love their jobs!"

>>30283228
I think it's been cranked beyond the limit, I don't even know what they can do anymore

>>30283369
it's practically witchcraft at this point

>>30277179
Where did you hear this? I've read some of the bank of Canada's retarded comments about crypto but never this

Did /mu migrante to biz? Turns out music doesn't pay out, who knew

Oh, look! Its nothing!

>>30282991
Is that the fabled american reading comprehension?

>>30283478
I don't know man, the thing I've learned is that it doesn't have to make any sense. In fact the more insane their response is the more likely it'll somehow "work"... Maybe start a war, who the fuck knows.

>>30274667
>he used the Japan argument

>>30283228
I am not expecting it to fall apart tomorrow, but at some point, the system will break. Things like this show that it is already starting to break. Repo rates on the 10Y went -4.25% last night. We are over the cliff, but haven't looked down yet.

>>30273373
>>30273418
WHAT FUCK THE

>MFW no debt and deflation is about to hit

>>30273373
AHHHHHHHH MY MONEY

NOOOOOOOOOOOOOOOOOOOOOOOOOOOO MY MONERINOOOOOOS !

>>30275705
>just buy the dip bro, itll come back

>>30274667
Really? You've never heard anyone outside of /biz/ talking about housing prices skyrocketing? Or the general cost of living outpacing wage growth? Because that's inflation kiddo.

>>30273373
I believed in Jerome. I was sure he would sooner tank USD into the ground than let the yields rise. I'm so disappointed.
2% here we go.

>>30273492

>>30286400
you are right but it's less dramatic

and if you're paranoid about "lending" money to the USA, you better consider the whole world fucked already.

t. euro

>>30276488
THREE, NOTHING WRONG WITH ME

If I already don't have much money or own anything. How should I approach hyperinflation? I have about 8k cash, 6k in a stock and bond portfolio and 2k in crypto.

>>30286682
>If I already don't have much money or own anything. How should I approach hyperinflation?
buy firearms

>>30273515
ONE, SOMETHING'S GOT TO GIVE.

>>30273865
There's being a loser with absolutely nothing going on in your life, then there's whatever this is.

>>30274804
Jerry was a race car driver, He'd say El Sob number one.

>>30286851
Well fuck I'm Australian

>>30273373
that's literally nothing. inflation is at least 10%

>>30287140
then get a guarding abo for your house

>>30286851
>unironically this
guns always keep up with inflation just be sure to get something in a common round like 223 or 762

>>30273373
how do i short a country?

>>30287476
You can literally short the USD

>>30273373
lol

>>30287275
>guns always keep up with inflation just be sure to get something in a common round like 223 or 762
I meant more to fight in the inevitable collapse of USA into a dystopian nightmare, rather than investment

>>30275001
Wow Schiff isn't yelling.

>>30285478
Why is deflation going to hit? No debt also

>>30288230
The louder goldjew gets, the closer we are to the end

>>30279089
>>30279447
prove it

>im so done with from losing funds
>wish to die everyone who approaches me
>i see graphene DISTRIBUTION soon
>i put money in in PHR tokens and get some graphene tokens
>i get profit from sharding tech
>i fuck you all

>>30288400
BBBBBBBBBBBBRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRR

hi guys I just want to make a point in inflationary environments are typically followed by boom and bust cycle so investment strategies over the next year are going to matter not at all when deflation hits because of depressed consumer activity and lowered housing prices

>83 cents in bank account
>300k in link

>>30273962
does that apply to nonburgers?

Why does anyone care? If the economy crashes this is a good thing. This means my crypto goes up.

>>30289330
Directly no but indirectly yes since most other major world currencies are basically USD ERC-20s kek.

>>30289426
Bro last time market crashed I bought a bitcoin for 5k

>>30289677
AGHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH

>>30286400
All you need to know is that the market believes that when yield goes up high enough, market will crash. And if market believes it it's gonna happen

>>30287094
with a bocephus sticker on his 442 he'd light em up just for fun

>>30276429
>he doesn't bleach his teeth and asshole
look at this clown, you must not be a burger

>>30277441
this is the most real answer in this thread, but it isn't so vague, allow me to explain.
JPow has confirmed the operations of the fed will cause moderate inflation, expected to be at least 2% this year and for the next few years. This means buying bonds/holding bonds that give you <2% is a guaranteed loss. This may mean pennies to us, but the people who buy these bonds are trying to preserve millions of dollars, and that 2% is suddenly 20k per million dollars (annual loss).

The scary thing here is also that the markets are falling with the bond yields rising. Normally, when bond yields rise, you can expect to see a rise in other assets, as the money is being shifted around, but this is not the case right now. This means the money is exiting the economy entirely, likely moving to a foreign economy, and likely a foreign currency expected to outpace our inflation. This is terrible news because this means our economy will contract (enter a recession) and it won't be because of the federal interest rate being too high (the federal reserve's job is to control inflation and deflation of the economy). If we enter a serious recession now, there is no telling where/when it would end, and the fed has no interest rates to lower to entice companies to go further in debt and stimulate cashflow.

Sounds bad right? It gets worse. The ratio of corporate debt to GDP is already higher than it has ever been, and is a serious warning sign for a large recession. But if corporations are so deep in debt, and the economy is shriveling up, they aren't making lots of money, and therefore can't get out of debt. The fed will be forced to keep interest rates at 0% so that large companies can stay solvent, but in turn this will allow for massive amounts of inflation, well above the 2% the fed allows themselves to do annually. It should also be noted, the 2% is just a limit on the money the fed prints, and doesn't include money created through corporate debt.

>>30290775
How bad is it going to affect foreign countries? Can I flee to a country where the dollar is overvalued like Brazil?

>>30290775
you sound like the smartest guy itt. what do you think will happen? what to buy?

>>30277655
>>30277707
keked

>>30274667
Even here, the land of financially illiterate, the boomer MSM made an article about the possibility of inflation. Everyone is concerned, which is why the yields are rising

>>30291396
I probably wouldn't recommend going to brazil for basically any reason. But honestly a lot of countries will be hurt by this. For better or worse, the USD is the strongest currency in the world, and many nations back their dollar with a combination of ours and precious metals.
And here I'll repond to >>30291708 as well, when confidence is lost in our dollar again (similar to 2008) there won't be many places to run. If you are in the game for wealth preservation, I would consider keeping a close eye on the Russian and Chinese currencies. China is best poised to come back after this kind of hit (their economy is generally very adaptive) and Russia is currently near free of debt and has almost entirely severed it's tie with the USD. With this being said, they are not the closest friends of our country, so they are certainly not 'safe'. For the medium term, I most recommend investing fundamentally in companies that are consistently profitable, and leaning toward the undervalued side of their stock. This is probably the safest place for USD to sit right now. If the recession gets really bad, and inflation truly starts to take over (as some fear) then the safest investments will slowly become precious metals, and their prices will likely spike. Do note, the prices of metals will fall/trend with the economy for at least a few months (probably up to half a year) into the recession.

>>30292213
precious metals it is

>>30276639
>he knows

>>30273373
Bonds are undervalued too, unusual situation probably a market flash spike then crash to all hell if I had to guess. Uncharted waters here.

>>30286600
SOMETHINGS GOT TO GIVE
SOMETHINGS GOT TO GIVE

What would be the 10 year interest rate in a healthy economy with hard currency and no maturity transformation?

>>30290775

I've heard some smart people say that what the fed is doing is a publicity stunt that ultimately plays out the way they want as a result of consumer action rather that fed money printer going brrrr. In other words the fed says they are about to print a bunch of money (but they don't actually) and so people go out and spend a bunch of money and cause inflation themselves.

Also among all the things thats fucked up about what the fed does I think them being able to straight up buy bonds directly is extremely fucked.

>>30275227
Not until it hits about 40%

>>30289330
yes, anyone who tells you otherwise is coping about their country's pathetic power level compared to the global dominance of the USA in every industry/economy
>muh euros
kek stfu
>muh chinese production
americans are the one buying the products

>>30294594
What about countries with sound economies and good (free) constitutions, like Switzerland?

>>30290775
so basically everything Ron Paul warned us about 10 years ago is now starting to happen
people with more money than us are retarded and don't realize that crypto is a solution to this, and so institutions are moving out of crypto because they see it as just another speculative asset?
So are super wealthy people going to FOMO back in to BTC and other cryptos when they realize how fucking retarded they are making their financial decisions based off of jewish tricks pulled by a private company exclusively in charge of our currency?

>>30278463
>doesn't explain anything, only belittles
Useless

>>30294806
do you know what rich americans do to avoid taxes? they open swiss bank accounts. Its a status symbol to be an american and have a swiss bank account.
No one is immune to side effects of the dollar becoming volatile. Switzerland may be better off though than most countries.
I honestly don't know. Things are fucked right now but we will all probably just go through some growing pains before current jewish tricks are replaced with new ones that better suit our technology/culture

>>30293415
AHHHHHHHHHHHHHHOOOOOOO
LET THE BODIES HIT THE FLOOR
LET THE BODIES HIT THE FLOOR
LET THE BODIES HIT THE FLOOR
LET THE BODIES HIT THE FLOOR
LET THE BODIES HIT THE FLOOR
LET THE BODIES HIT THHHEEEEEEE

>>30293657
get fucked, moshe

>>30283369
Peak clownworld. Hell dimension.

>>30273418
SOMEBODY FUCKING DO SOMETHING

THIS IS GOING TO RUIN ME

SOMEBODY HAS TO ANSWER FOR THIS

Sure but what should i stock? Food? Where ze fuck i store money?

>>30295815
sir, this is a honk

>>30295189
how much of an out of touch boomer are you? the days of using swiss accounts to avoid taxes have been over for decades.

>>30296091
Metals. Not paper promises, not numbers on a screen. Wealth in your hands.

people who believe in magical boomer rocks are delusional
if the happening happens, shiny boomer rocks will be the last thing anyone needs
if the happening doesn't happen, metals will continue to tank

there is only one scenario, the "almost-happening" where boomer rocks are good

>>30295189
>do you know what rich americans do to avoid taxes? they open swiss bank accounts.
No retard, they buy legislators to open up holes in the tax code that bullshit like their big-money hobbies can fit through and make sure the IRS looks the other way while huge amounts of money change hands in "donations" and "art exhibits".

>>30296691
>>30298212
I wasnt up to speed on that. I know the donations and stuff, but I thought Switzerland still had a role in siphoning dollars out of the American economy.
>https://www.msn.com/en-us/news/politics/biden-s-cancer-charity-spent-more-than-3-7million-on-staff-salaries/ar-BB1b1w2W
So is switzerland no longer relevant? Or does China use them for what Americans used to?

>>30297326
Actually, the most probable outcome is the same shit people go through daily in shit tier countries. Guess what, boomer rocks are good. We aren't going madmax. That is one possible scenario, and it's not a likely one. In almost all probable scenarios that we are likely to see, boomer rocks do well. Boomer rocks do well in Venezuela. That would be an extreme version of what we see.

>>30298475
if technology keeps progressing and we don't go back to the stone age, we will see in our lifetime's the asteroid belt mined for the precious metals

>>30273373

Yep, this is why I picked up 2500 July 25C in CLF at 13 lol

What is the right to buy 250k shares by July worth when CLF goes to 50?

250k*$25 profit any math geniuses in here?

A cool 6.25m?

https://stocktwits.com/symbol/CLF

>>30279421
You’ll miss wiping your butt with toilet paper, in 6 months, more.

>>30273418
OH NONONONONO

>>30298681
Gz 20% in 8 months

>>30298681

>>30298396
swiss banks report american accounts to the IRS. the rich have long since moved on to other tax havens or use other methods. the idea of super secret swiss bank accounts to avoid taxation is an anachronism.

>>30298640
Not in our lifetimes, bud. This is shit tier fud. Be honest, are you kike on here trying to cheat the goyim out of one of the few things they can hold to actually limit their hardship in the coming dollar crisis?

>>30276359
Based department? We have a situation here

>>30290010
Captain Pierce was a fireman
Richmond engine number three

>>30273373
this board hardly even discusses stocks, you expect them to even know what a treasury bill is?

>>30286585
What if it’s bought with crypto? Would that not take money out of circulation and into a “foreign” market while also being able to purchase the debt?

>>30273930
It's going up because inflation is way above it.

>>30299075
No. I just don't think precious metals will be precious past this century at the latest
Scarcity is actually the kike FUD

>>30298640
might be a kike or just a normal wigger
most bots can't understand reality

even assuming we gained the ability to figure out which asteroids had gold (doubtful), land on them precisely (hard but doable), and mine the gold (doubtful), the amount of gold mineable with each trip would be tiny.

It will literally never happen.

>>30274003
Are YOU fucking retarded?

>>30291396
we have printed more money then you guys have
t. huebro

>>30292213
heeeeeeeeey my country is good man
however thanks for the explanation. So stocks and then PMs as things start to go crazy. Do you know what will happen to crypto?

>>30292213
>I most recommend investing fundamentally in companies that are consistently profitable, and leaning toward the undervalued side of their stock
Such as?

You don't recommend just globla index funds like MSCI World?

Bitcoin will crash as well isn't it?

actual useful /biz thread

thanks bros

>>30299372
>>30299378

>>30299378
idk man if I can do it in ksp

>>30299006
It's fucking ridiculous. Out of the papers I had to fill to open a trading account at a swiss trading site while living in switzerland and being a swiss citizen, over half the papers are american forms to prove i don't owe you fuckers anything.

I'm looking forward to the moment the cock you rammed into the world economy shrivels to dust.

>>30273962
Why would someone sell their stocks to cover bond losses?? I don't see how this causes "bond losses"

Powel discussed increasing inflation but it was still below 2%. I think you guys are just blowing smoke up each other's asses. Economy seems to be doing fine to me.

>>30273865

You come off like a giant faggot

>>30300595
What a surprise. Not a fan of this hold they have. Theyre so obsessed with getting taxes. Even if you live in another country and are us citizen you still need to pay taxes which is ridiculous

bewary the ides of march

>>30300595
Lol you believe US is ruled by Americans. America is just a proxy my friend. 99.99% of the people are wagies. Follow the money trail and you will find the true rulers. I would say start looking in the direction of the petro dollar.

>>30275001
schiff is a nocoiner

>>30293419
In a healthy economy there would be no government debt and no bonds issued.

>>30302290
Yeah if you don't count real coins

>>30292213
People predicted hyperinflation after the QE measures adopted post-2008. That did not happen in the end... so why should I think it will happen now? Powel did not seem concerned and jobs are coming back. Once everyone is vaccinated things will get even better. The chances are higher than a new economic boom will take place. Not to mention infrastructure projects to avoid climate warming. So much potential in alternative energy job. Fuck the 200K jobs in oil and coal. And fuck the middle-east with their bullshit oil.

>>30273373
This will lower house prices

>>30303653
please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please please

>>30303653
Not a chance. Material and labor are skyrocketing to say nothing of land cost.
>t.developer

>>30289580
xddd

>>30273453
Thank Anon, you made my day today

>>30274154
thank you anon, you are the best.

The stock market as a whole plunged this morning and now the big 3 are up big? Seems like fuckery afoot

>>30288400
>Why is deflation going to hit?
When rates rise currency becomes more
expensive to borrow. This means that it should
take less cash to buy assets, thus their prices
decline.

i thought the crash was happening. now the marky is up. BOBO angry what the fuck happened

>>30273865

>>30303653
i wish but idk

>>30299378
You guys are fucking retarded. Currently astronomy can detect the composition of exo planets
Unless you want to argue that it’s actually a scam and we don’t know shit, open to that.
But with our current abilities we can detect what asteroids in the belt have gold and roughly how much. It’s not even complicated to push them into our orbit, it just requires a lot of power and energy.
SpaceX will do this at its current rate

>>30300595
Lol this thread is fucking retarded nobody knows shit in here including me, this is why I don’t waste time on kike currency reindeer games

>>30306256
SpaxeX will pull Asteroids?

>>30275848
it's compounded so more like 17.3% before tax. Sounds cucked.