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

/biz/ - Business & Finance


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18061242 No.18061242 [Reply] [Original]

Yeah, I think it's time to buy bitcoin and gold

https://twitter.com/CBSNews/status/1242576138142187527

>> No.18061253

>>18061242
How does this not cause inflation?

>> No.18061259

>>18061253
It just doesn't bro

>> No.18061266

>>18061242
Hahahahaha

>> No.18061267

>>18061253
it causes hyperinflation

>> No.18061268

Daily reminder: this is their admitted estimate. The actual cost and overage combined with government incompetence, easily 3 times this amount.

>> No.18061271

>>18061242

https://brrr.money/

>> No.18061281

>>18061271
based

>> No.18061293

>>18061253
>>18061267
t. retards who didn't buy cheapies

>> No.18061300
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18061300

>>18061271
>>18061281
Yeah haha! Epic and based!

>> No.18061303

>>18061253
they are literally trying to cause inflation because strong dollar would kill economy and since world is fucked too they start buying USD causing the exact opposite

>> No.18061311

H
H
HAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAHHHHHHHHHHHHHHHAHAHAHAHAHAHAHAHAHAHAAAAAAAAAAAHAHAHAHAHAHAHAHAHAHAHAHAHAHAWTFACTUALAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

>> No.18061315

>>18061253
haha money printer go brrrrrr

>> No.18061333
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18061333

>>18061300

>> No.18061344
File: 2.63 MB, 699x4932, brrrrrrrrrrrrrrr.gif [View same] [iqdb] [saucenao] [google]
18061344

>>18061293

>> No.18061351

>>18061300
That's what you get for reading zero hedge

>> No.18061359

>>18061303
Explain it to me like I’m eleven

>> No.18061375

wow so they think this crash is because of corona. lmao i am sorting the fuck out of any bounce after this

>> No.18061385

>>18061242
You guys can laugh all you want but as a qualified printer I'm making mad bank thanks to all this overtime I've been working lately.

>> No.18061388

>>18061253
Because the coronavirus is causing deflation and these measures are only to counteract that.

Inflation would only be a concern if they did QE while the economy was expanding, not contracting.

I don't know why this is so hard for /biz/

>> No.18061405

>>18061253
it doesn't because it's not even real. just digits in a computer. they do it all the time.

>> No.18061414
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18061414

https://twitter.com/mmpadellan/status/1242586071495585793

>> No.18061434

>>18061344
KEKED!

>> No.18061436

Lmfao the Fed only has 4.5 T on the fucking balance sheet .... Deep long fulfilling corona free breath
AHHhhHAHAHAHAHAHHAHAHAHAHAHHAHAHAHAHAHAHAHHAHAHAHA

>> No.18061452

>>18061434
Haha yes, I “keked” too! Gentlesir, have some gold!

>> No.18061457

>>18061388
>Thinks he understands economics
>was actually taught fucking memes

Lol. If there is one things ive learned its that basically everything they teach you is bullshit.

>hur dur the amount of money you give trillionaires and zombie corps doesnt matter because the price of cheeseburgers doesnt go up!

LMAO.

>> No.18061466

>>18061388
>the absolute state of capitalism
>"Its cool bro theyre just counteracting the virus"

>> No.18061472

>>18061414
That guy is starting to get it

>> No.18061483

>>18061359
https://fortune.com/2020/03/22/king-dollar-headache-global-economy-coronavirus/
FED needs to hit their inflation target and everyone buying dollar means that deflation is likely. Strong dollar kills export makin US companies not competitive against other countries and this is more harmful to the stock market than you think.

Switzerland had huge problems few years ago when their currency was too strong and there was no crysis behind that. Deutschmark being too strong made Germany so desperate that they had to invent Euro for it to never happen again. Central banks fear strong currency.

>> No.18061485

I'm in fucking cartoon land right now aren't I?

>> No.18061520
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18061520

>>18061242
>6 trillion for businesses

>meanwhile the plebeians get a one time $1000 check, and only if they qualify by meeting the eligibility requirements

>> No.18061536

>>18061414
He's unironically right. At this point we should just create wealth for all Americans and enforce the value with our economic power and military might. Money Printer go brrrrrrrrr for all

>> No.18061541
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18061541

>>18061485
Welcome.

>> No.18061555
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18061555

>> No.18061588

Withdrawing Everything In A.M. Godspeed Anon's It's Been Swell

>> No.18061602

>>18061520
they havent decided on anything yet. multiple bills are getting introduced. some want everyone to get like $4k/mo indefinitely, and some want to just fully adopt UBI as the new normal. We're probably still a couple weeks away from anything actually getting passed

>> No.18061623

>>18061536
we'll be better for the economy than the money hoarders too. all our money will actually go back into the system

>> No.18061625

>>18061457
Someone asked why this won't cause inflation. I explained why. You have no idea what you're talking about.

I really wish retards like you weren't allowed to post.

>> No.18061637

>>18061253
Becuase it's the US Dollar. As long as the rest of the world sees the dollar for the safe haven it is. we can do whatever we want.

>> No.18061641

>>18061414
Yeah we should make minimum wage 500/hour so everyone is rich

>> No.18061645

>>18061414
what a libcuck

>> No.18061649

>>18061625
go further. explain your reasoning more. spread knowledge, bro.

>> No.18061659

>>18061253
It’s just 6 Trillion bro, fucking chillax

>> No.18061685

>>18061637
this safe haven status is nearly finished

>> No.18061706

>>18061637
well it doesn't anymore so...

>> No.18061709

>>18061253
It takes time for that money to disseminate into the general markets. Right now it's contained within the wallets of companies and stockholders, but it eventually spreads.

>> No.18061720

>>18061457
Look at counties like Italy that don't have their own currency and they are not able to intentionally devalue it based on current needs to improve export:
https://www.dw.com/en/cep-study-germany-gains-most-from-euro-introduction/a-47675856
It's not just companies that get fucked it there is deflation
Italy and Greece got fucked because they were not able to do what FED is doing right now, the currency was too strong for the economy and with US economy going down they need to make sure that USD is not too strong

>> No.18061721

>>18061641
they will..or it will occur sort of by natural force... zimbabwe, venezuela, weimar

>> No.18061738

>>18061659
>its just hyperinflation bro

>> No.18061776
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18061776

>>18061414

>he doesn't know that they did give millions to flint and the basketball american city council stole all the money

>> No.18061813

>>18061414
Dude just print Monopoly money for the next 30 years lamo

>> No.18061816

>>18061457
that is contextually fucked anon

>> No.18061819

>>18061267
>less than a year's worth of GDP causes hyperinflation

The Fed would have to print a quadrillion dollars to have noticeable inflation across all goods and services.

>> No.18061840

>>18061414
what do you need flint for just use your heater lmao

>> No.18061857

>>18061625
> iT'lL eVeN oUt
https://fred.stlouisfed.org/series/M2
Goodbye US Dollar, hello Reichsmark

>> No.18061907

>>18061253
haha i wouldn't worry about it

>> No.18061933

>>18061242
The relief package is $6 trillion. The population of the United States of America is 327.2 million people. If the relief package was distributed evenly between all Americans, each American would receive over $10 million. Unbelievable. Retweet this.

>> No.18061946

Buy gold and silver.

>> No.18061949

What if we all agreed to just zero everyones debts? Just snap your fingers and erase them. Problem solved.

>> No.18061977

>>18061857
>i don't know anything about what happened to the reichsmark: the post
Read a fucking book.

Sick of sharing a board with ignorant coomers.

>> No.18061980
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18061980

>>18061253

>> No.18061985

>>18061946
Too late. Normies are priced out already

>> No.18061993

>>18061933
It's $20,000 per American you retard

>> No.18062009

>>18061993
*$6,000,000
retard

>> No.18062011

>>18061253
Buy Bitcoin

>> No.18062020

>>18061738
>like just buy 1 piece of bread for $1,000,000 like what’s the problem bro

>> No.18062031

>>18061709
>trickle down meme
>in the current year

>> No.18062041

>>18061977
You get your Masters from Barnum & Baileys?
> Temporary demand shock

>> No.18062112

>>18062041
Be sure to screenshot this post for when March inflation is less than the target of 2% and all you gold-shill retards eat a loss.

>> No.18062131

>>18061649
The rich already stole your wealth so giving it back fucks the system which is predicated on dollars always being less valuable. (Deflation) or in laymans terms a wealth transfer from rich to poor and old to young and decreased inequality.

This of course causes loans to go bad and asset prices to fall. (Cheaper for young and debt free)

What you want instead is the status quo which is (inflation) or in laymans terms wealth transfers to the old and wealthy asset holders and ever increasing inequality.

Inflation is better than deflation. But that doesnt mean it doesnt have its dark side. Also propping up zombie corps and asset bubbles and rediculous valuations and the stupid ponzi interwebz is the best!!!! Boomers must stay rich!!!!

Long and short theyve stolen your life. Your whole life will be spent paying for them and you and most people will probably never catch up.

>> No.18062139

>>18062112
I'm already up 80% faggot

>> No.18062144

>>18061933
quick maths

>> No.18062145
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18062145

>>18061819
The whole USD monetary base, as in ALL DOLLARS IN EXISTENCE was $31 trillion only a few months ago. They started printing in September 2019 for the overnight repo.
Then they printed $1.5 trillion, then another $1 trillion, then $700 billion and now another $6 trillion.

The monetary base in April will be $44.2 trillion USD. Which means the inflation rate this year has reached 42.5%, and the year has just started.

By the end of this year all the money you own will be worth something between a piece of dog shit and a rock.

>> No.18062150

>>18062139
>unrealized gains
lol hope you sell dipshit

>> No.18062151

THE 6 GORILLION

>> No.18062166

>>18062150
Must suck being poor AND stupid. Like being in a really deep hole without a ladder

>> No.18062180

>>18061649
Is anyone buying anything within the economy? Anyone buying cars or houses?
Will this supply still be available when the factories open back up?
Deflation is occurring:
A general decline in the prices for goods and services and the contraction of the supply of money and credit in the economy.

>> No.18062183

>>18061253
The companies are supposed to pay back what they take, however, we all know that will never happen.

>> No.18062219

>>18062166
You're intent on holding to a loss, I see.

>> No.18062241

>>18061813
what do you think they are/have been doing?

>> No.18062245

>>18062219
On second thought, it must be blissful being that stupid. No problems, no worries, everything's great, you're probably having a blast!

>> No.18062252

>>18062180
I saw a boomer at the grocer today driving a brand new f250 and smoking a 300 cigarette with his windows rolled up.

But are real people buying 100,000 dollar trucks with a 10 year lease? Or million dollar shoebox apartments?

Hell yes!!! If this 6 trillion printing bonanza has anything to say about it!
LMAO

>> No.18062257

>>18061253
Economics are fundamentally built upon something of a game, the rules bend to fit the needs of the one facilitating the game

>> No.18062292

Anyone else realize they don't know shit about global monetary policy and so they just stay at home and accept whatever happens, happens? Like, I'm not even gonna pretend I know enough about this shit to be able to tell which of you is lying/exaggerating and which of you is telling the truth. Just gonna hope the powers that be work things out and we return to normal in a year or two.

>> No.18062294
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18062294

>>18062112

>> No.18062315

>>18062180
>Deflation is occurring:
Deflation is occurring every crash short-term, because everyone is liquidating boomer papers. No one stays in cash, they fomo into commodities and currencies with low inflation rates.

Which means you only have 2 months before the hyperinflation hits. RIP.

>> No.18062317

>>18061819

Read up on the velocity of money and truly understand the terror of what is happening. If a dollar moves through the hands of 10 people that's +10 dollars for the GDP.

>> No.18062328

>>18062315
guess i'll die *shrugs*

>> No.18062332
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18062332

>>18062112
March inflation is 28%.

>> No.18062335

Modern monetary theory. USD is king.

>> No.18062384

>>18061388
>Because the coronavirus is causing deflation and these measures are only to counteract that.
But isn't deflation a good thing?

>> No.18062387

>>18062335
2000s called, boomer. They want their narrative back. Almost no one uses USD anymore, not even to buy oil. Russian and Iran are selling for Euro and Yuan and there is nothing the burgers can do about it, because they lost the control of the middle east.

>> No.18062402

>>18062387
Europoor cope.

>> No.18062415

>>18062387
Russia is about 15% of total supply, less than the US. Iran's even shrimpier. Them selling oil for Euros is a bad gag, them selling for Yuan is because China has them both over a barrel.

>> No.18062521

What if someone market buys $1tril of btc

>> No.18062546

>>18062292
If you read all the required reading for an economics undergrad degree you'd know as much if not more than the average Wall Street nigger. It would take you about a year or two if you read and studied for 2 hours a day but at the end you'd know more about economics than 99.99% of the population. But nah, just keep jerking off and watch netflix

>> No.18062551

>>18062415
> less than the US
Not for long. US production cost is $25 per barrel and we're below that and we're going lower. Probably to $16, maybe to $10. US oil industry will be bankrupt before the 3rd quarter.

>> No.18062588

>>18062384
Not if you have debt

>> No.18062600

>>18061242
Did you know that hillary clinton is a lesbian? I wonder if she takes her political decisions before or after licking some other mummy rotten pussy.
If you think about that, this is a complete game changer, an entire nation would have been depending on this simple fact.
I imagine her announcing third world war, you can SPOT because microphone seems to melt in the same moment in which she speaks, because an old lady pussy liquids don't go away from your breath for weeks, even if you wash your teeth with bleach

>> No.18062607
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18062607

>>18062521
It wouldn’t be possible, as it would purchase 147,000,000 of Bitcoin when there are only 21,000,000 in existence. Price would have to adjust accordingly to fill that purchase quantity.

>> No.18062632
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18062632

>>18061253
lol

>> No.18062635
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18062635

>>18061267
Top fucking kek

>> No.18062637

>>18061253
We're going to need to start a few more wars.

>> No.18062664

>>18062551
Until it's not. US production costs used to be upwards of $80 less than a decade ago, but novel technology is still descending the cost curves.

>> No.18062676

>>18061242
>>18061253

Psst.. It will cause inflation..inflarion of stocks, bonds, and house values... Inflation is literally the point of what the fed is doing. The fed realized if you give trillions to banks it will trickle down and inflate asset holders. Consumer prices are basically unaffected by these type of fed moves. Consumer inflation only happens when there is a commodity crisis or you print tons of cash for neets (I.e what happened in communist countries).

>> No.18062685

>>18062664
Cope

>> No.18062719

>>18062685
Dilate

>> No.18062723
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18062723

>>18062600

>> No.18062760
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18062760

>>18062031
he's referring to the velocity of money, you moron, not trickle down reagaonomics.

>> No.18062799

>>18061253

it does, just got back from shopping, everything is more expensive....in just two weeks....

This was before the 6 Trillion announcement...it's over

>> No.18062885

>>18061300
dont tell me this meme was posted on reddit first

>> No.18063076

Stocks go up when do they com ed down again? A day or two?

>> No.18063094

>>18061414
>Flint
Tired of this stupid meme. The situation there was fixed quickly and they now have some of the cleanest water in all of Michigan

>> No.18063104

>>18062546
i feel like even if i did all that and learned it, i'd just know how fucked things are but be powerless to do anything about it, making it useless. even if the US govt wrecks the dollar, and i know enough to know that and know it's bad and maybe even know what they should do instead, it's not like Trump gives a fuck what I think. they're gonna do what they do, i can't stop them. just gotta hope they don't fuck up, nothing else i can do.

>> No.18063108

>>18061253
Because every money printer on the planet is going BRRRRRRRRRR right now at the same time

>> No.18063113

>>18061242
Oy vey, remember the 6 gajillion, goyim.

>> No.18063132

>>18061242
unrelated, but kudlow is one ugly ass motherfucker.
something about how ugly his bitch face is just rubs me the wrong way

>> No.18063139

>>18061641
If we are going to brrrrr why not brrrr straight into our bank accounts instead of this repo cancer just to prop out some boomers retirement savings?

>> No.18063157

>>18062637
Who do you think will be next? Iran?

>> No.18063286
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18063286

>us population: 400 mil
>print 6 million
>not giving everyone at least a million
>still left with 5.6 mil to spend on stupid shit like the military
why is this so unfair bros

>> No.18063312

>>18061271
>https://brrr.money/
gas gas gas

>> No.18063328

>>18061271

+

>> No.18063374
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18063374

>>18061253

>> No.18063432

>>18061253
It’s going to. They just did it, wait a month

>> No.18063437

>>18061253
it s just numbers bro ehehe don t worry goyim , this money is not going into your hands anyway

>> No.18063452

>>18063094
Imagine being this fucking stupid

>> No.18063536
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18063536

>>18061242
United States is gonna collapse. Goodbye future. Goodbye Fed Printer. Goodbye Boomers that gave us a shitty future

>> No.18063583

>>18061253
It does, it increases the price of stocks.

>> No.18063634

>>18061520
>6 trillion for businesses
>a measly $1000 for me

It's the least I can do considering I maxed out $30k in credit cards and will NOT be paying it back.

>> No.18063651
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18063651

>>18063583
Not just stocks. EVERYTHING

>> No.18063669

>>18061414
He didn't call the virus a hoax, he was referring to the media's claim about him were a hoax. He's still a kike golem though.

>> No.18063689

>>18063452
The flint council were niggers and it took a white man to lead the way to fix it.

>> No.18063843

wtf this bitch can't even speak english:
https://www.youtube.com/watch?v=jdjzIaEDTnw

>> No.18063932
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18063932

>>18063843
here's your FDIC chairman bro

>> No.18064160

>>18061271
Lmao ayyy

>> No.18064240

>>18063843
get the feeling they're going to freeze all withdraws and use coronavirus as an excuse while the markets skyrocket from fed injection

>> No.18064264

Thread theme lol

https://www.youtube.com/watch?v=IXzFPl7UdgQ

>> No.18064290

>>18063843
this video isnt going to age well

>> No.18064329

>>18061253
>ID itFLUU
yeah i'm thinking we're all died

>> No.18064356

>>18063634
Mein nigger. Not enough people talk about this patriotic act. Max out credit cards to buy pm's and bitcoin. Nothing happens except your credit score goes down and you get phone calls which you can ignore. It's what the founding fathers would be advocating right now.

>> No.18064358
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18064358

6 trillion and this "pandemic" hasen't even started yet and the NY infection rate doubles every 2 days... We are going to be in for a bumpy ride and I think we'll see a dead cat bounce soon.

>> No.18064405
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18064405

>>18061242
>Current USA monetary base after 107 years of printing

3.2 trillion dollars

https://fred.stlouisfed.org/series/BOGMBASE

>2020 stimulus

6 trillion dollars

>> No.18064420
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18064420

>>18061253
>id
>it + fluu

>> No.18064452

>>18061242
>dark days bros
>better invest in over priced shit coins like bitcon and overvalued precious metals
>dont mind me goy im just being helpful surely im not shilling for bad investments because i like others suffering

there is a special place in hell for you rabbi . its right next to the artificial sweetener shills (they make people gain weight) and dentist (tooth cleaning sub gum level is known to cause damage to teeth half the time)

>> No.18064462
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18064462

>>18061414
>MUH CLIMATE CHANGE!

>> No.18064481

>>18061242
$6 trillion in bailouts for big business

>> No.18064505

>>18061303
exactly, they want inflation its their last and only play here to try and save face unfortunately it might work for a brief period than its worse in the long run, just like everything else the fed/government does.

>> No.18064694
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18064694

>>18061933
Here ya go. Fucking crazy. Crazy times. Major debt of US taxholders (who pays interest?) TO THE PRIVATE KIKE BANK OF THE FEDERAL RESERVE. FUCK THE KIKES. They really are making debt slaves out of all of us.

>> No.18064755

>>18061359
Google 'dollar milkshake theory'
Here's the summary
>every fiat is shit
>of all the fiats, for various reasons, USD is least shit (at least at first glance)
>so when there's a huge liquidity crisis everyone will flee to USD
>which will cause a massive rise in price for USD
>but because USD, like all fiat, is also shit people will realize USD is actually a terrible place to keep money (check out CPI inflation rates it basically loses 8% a year)
>so after everyone realizes USD is garbage they'll move from USD to safe havens like the Yen, the Franc, and PMs

>> No.18064841

>>18061253
top kek great id anon
to answer your question it does but assets are devaluing faster than currency so it is hidden

>> No.18064899

If your not already holding as much BTC as humanly possible your going to die in the old economy as the new one emerges. Stay poor retards

>> No.18064913

>>18061242
>Mnuchin
>Kudlow
>Schumer
Three kikes negotiating the whole thing, you know this is going to balloon so them and all thier buddies get filthy rich first
They might leave some crumbs for the rest

>> No.18064915
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18064915

>>18061242
Think bigger

>> No.18064928

>>18064694
That image macro makes me so angry

>> No.18064940

>>18064899
You think we'll see another dip before may? I want to move into BTC asap but my cash is tied up in equities. I want another 5k btc.

>> No.18064960

>>18064928
Think about boeing amd american airlines they took out lines of credit so they could do stock buy backs :(

>> No.18064977

>>18064940
>you had literally 5 years.
No

>> No.18065060
File: 67 KB, 832x432, 50_Billionen_Mark_Stolberg_Eschweiler_001.jpg [View same] [iqdb] [saucenao] [google]
18065060

>>18061253
I think this whole system is a sham, but it's really the only thing to do, politically speaking anyways, in this situation. The dollar is too strong. It's a safe-haven asset currently, so they need to devalue it. Other countries are fucking up their currencies, so the US really has to follow suit. Otherwise other assets get wrecked and so do exports. That would genuinely hurt a lot of people. We should go to some hard-asset backed currency, but that's not going to happen sorry. The only advice I can give is to put your savings in a hard asset. If you are young, this game will eventually end and you don't want to be holding dollars. It doesn't look like this is a true happening though.

>> No.18065125

>>18062112
You're correct anon, everyone else is retarded.

>> No.18065293
File: 8 KB, 219x230, 1583970944762s.jpg [View same] [iqdb] [saucenao] [google]
18065293

>>18063634
>I maxed out $30k in credit cards and will NOT be paying it back.
based

>> No.18065308

>>18061242
>bitcoin
cringe.
>gold
based.

>> No.18065309

>>18062607
all they have to do is make infinite forks of bitcoin and they can multiply the supply of btc. its already been done before with btcash, bsv, bitcoin diamond, litecoin and other shitcoins.

>> No.18065644

I wish I could find gold and silver

>> No.18066190

I ordered silver a week ago, and they said it might take up for a month to come. The mint has good delivery status

Am i fucked?

>> No.18066234

>>18063843
Haha yeah I'd stick my pee pee in her if you know what I mean . . . .

>> No.18066240

>>18062292
Thats the best way desu, really what you should learn is how can I make money from all this. That's what I'm trying to learn.

>> No.18066263

>>18061271
>https://brrr.money/
GAS GAS GAS

>> No.18066275

>>18061242
How much money is it in total now?

$1.5T to the stock market.
$4T to the banks.

Is it $6T instead of $4T? Or is it an additional $6T?

>> No.18066291

....monthly/weekly stipend?

>> No.18066467

How much has the US given away during the coronavirus pandemic now? Anyone know?

>> No.18066521

>>18066467
At least 7.5t

>> No.18066539

>>18061623
I make $50k a year and gave up luxuries to have around $50k after two years of living like a Jew. Does this make me a greedy bad person?

UBI would devalue our lifestyle even more than it is now

>> No.18066593

>>18061253
There is currently massive demand for dollar cash, as US investors pull their money out of the stockmarket and people in emerging markets do the same and change their foreign denominated cash into greenbacks. So there is a strong dollar trend even with QE