What the fuck happened in trading today?
Gold, down 1.49%. Silver down 2.03%. Platinum down 2.91%.
DJA down 0.50%. NASDAQ down 0.25%. Wilshire 5k down 0.43%. S&P500 down 0.40%.
BTC down 4.75%. ETH down 7.47%. BCH down 7.26%.
Treasuries, 3 month, 6 month, 1 year, 5 year, 10 year and 20 year, all flat.
Did money decide to go on fucking vacation or something?
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quite!
Global Recession is coming up fast. Emerging Markets and commodities are the canary in the coal mine.
The greatest crash of our time is coming. Literally any asset that is not decentralized is going to beyond absolute zero. Prepare accordingly, buy Bitcoin.
The average investor. Pic related.
Central banks decided USD am new world currency apperantly
it's almost as if every news outlet on the planet was true when they've been warning us of a bear market/correction over the past 3+ months
Currency and trade wars by whales
All part of the plan.
>Did money dec go on vacation or something?
sure did in Turkey
USD is now superpowered supposedly.
>"trust the media"
Fagoot
If we see the greatest crash of our lifetime, you're going to want to stock up on non perishable foods, guns, cigs, alcohol, guns, and toilet paper. Not fucking bitcoin.
Globalists
what happens if everything is worthless?
what do we do if our houses hour savings everything sucks what's left?
True if big
It's just investors/speculators flocking back to the US dollar after the Lira scare. If Turkey doesn't get its shit together and/or the US Fed finally increases its interest rates, you can kiss your precious internet money goodbye.
>he didn't zoom out
That's delusional. Nobody is going to care about internet meme money when they can't pay their bills.
Economicsfag here, he's right. Also the Argentinian Peso tumbling down. It's a combination of different events.
yeah, and when the crash hits, you think fiat money will hold its value?
No government will be able to get money by making debt. Everyone will be poorer so no way to get money by tax increase.
You think government won't decide to just print money? Really?
At least buy some gold for fuck sake
BUY THE US DOLLAR LOLOLOL WHAT THE FUCK
I GUESS TRUMP IS PRESIDENT SO
> muh whales
> muh monies is with good crypto companies. It will returnz
It is, Trump is positioning the USD to dominate the world he can ruin other currencies with his fucking twitter account
Increasing the interest rates again is exactly what will trigger the next crash.
They've been rising good.
>1.8% APY on a savings account right now
Feels good considering how banks gave dirt for the past 10 years.
good luck using your meme overinflated fiat currency to try to pay your bills.
but a weaker dollar is good for exports
this is unironically awesome I wouldn't want 2018 and beyond any other way
sometimes I think I OD'd in 2016 and I live in a fantasy land but I love it
If the crash causes an even worse situation than the great depression, getting the items I listed are a guaranteed way to survive. BTC won't be. Even holding gold may not be.
we're a net importer by far tho
thats only one part of GDP, it hsould not be the main part
The strengthening of the USD and possible crash all around the globe will trigger inflation in Europe, China, India, Japan, etc. BTC may not moon in USD, but will sure moon in any other currency.
I'm talking currency value, not American economy. Yes, the US economy might tank if they drastically increase interest rates but the US currency (USD) would appreciate in value as that means increasing interest rates means less money supply overall. Investors/speculators tend to flock back to US Dollars and other safe haven currencies in times of recessions/depressions.
Exactly, the USD is going to be huge, the strongest currency in the world. At the least, 200% it's current value. Will happen within the next 6 years. If you like free money and are able to hold for awhile, invest in the USD.
A hungry prostitute is good for the client.
The world is so cucked by American consumers that they will take the hit back home to cut costs enough to still compete under tariffs. Americans will make more money at their jobs back home and keep up buying pressure. America will come out better for this because the rest of us fucktards demilitarized and let America police all of the naval shipping routes in exchange for them eating the tab.
There is literally no way out for other countries because we lack the infrastructure to even build navies and the Chinese who could supposedly do it are smoke and mirrors.
US Dollar DXY keeps going UP UP UP
You can still short bitcoin relative to USD. Let's face it, bitcoin is just another form of currency. It's like another form of forex.
A crash bigger than great depression means pretty much all banks will crash.
The ones who have BTC will be the only ones to have access to capital.
I agree with you:
People are getting into USD anticipating a deflationary spiral due to the Lira contagion.
Keep your powder dry and be ready to buy.
No, because bitcoin will not be worn out by inflation when the crash (and banking crash) comes.
Also, no way to confiscate it.
The entire world is about to get pink wojacked
The Fed isn't raising interest rates fast enough. Look at CPI we're well above the bullshit 2% inflation target and pushing 3%. We have negative rates in real terms. The Fed is too scared to raise interest rates 25 basis points. We're fucked.
Supply isn't the only factor in determining a commodity's price. Libertarians, gold bugs and Peter Schiff drones often get so enamored by terms like "inflation" that they forget that there is another factor of the equation - demand. All that limited supply doesn't really matter if there is no demand for it.
If theres no way to confiscate it then what makes you think you can use it in a meaningful way?
Water and ammo
Hyperinflation comes after the deflationary spiral. Crypto might get fucked harder before winners start mooning.
the USD is strong af right now
thanks trump, i guess.
There is a way out. The next World War will be US's USD against world's BTC.
> Let's face it, bitcoin is just another form of currency. It's like another form of forex.
You're comparing Fiat that is printed at will to Bitcoin that has a predetermined maximum supply. You should stop doing that.
A valuable lesson that can be applied to many things *cough*crypto*cough*
>33 O
Oh yeah and those are government numbers, just assume they're much worse than they are!
the benevolent jews at the fed have the goy's interest at heart
trust us goy
Read
US Dollars might be printed at will but there is real demand for it that it moves fast enough and is used enough (money velocity) that it has value, unlike your bitcoins which is purely speculative as of this point.
Everyone is preparing to all in on link
It's all a game of confidence as soon as confidence is gone then it's anyone's guess.
Big money is cashing out ahead of the midterms AND because of Turkey in a economic death spiral
sure glad we imported all those black people now that the greater depression is coming
Bear trap, the market will go back up tomorrow
Apocalypse soon
nobody will trade for it so it will be worthless you mong
At least someone realizes the position they're in. The US is long overdue for a game of hardball especially when we've held all the cards for so long and have been willingly fucked in the ass despite it.
Simply put
dollar up against everything as third world fiat for safety
I’m going to impart some knowledge on you Jow Forums.
This is what is happening. The FED has raised interest rates 8x since Trump took office. When the FED raises interests rates it decreases the amount of dollar liquidity and when they do this after having historically low rates for a long time 09-today it contracts the economy hard and fast and will lead to a recession/depression. This is how they created the Great depression. During the roaring 20s interest rates were incredibly low, everybody had money. Then they suddenly contracted the money supply and made it so all lenders had to call their loans in, leading to massive liquidations. Nothing was fixed during the 2007 crisis, the FED merely created money out of thin air through quantitative easing as a band aid.
If everything went down then nothing has been lost
The FED has raised rates 8x since Trump took office and have signaled they will continue raising. They are not going to do it in one foul swoop, its going to be done incrementally but quickly. Its going to destroy the stock/lending/housing markets.
gold may be looking down right now but when, and yes when, not if the next recession comes (very soon, even Robert Kiyosaki warned of it) gold prices will moon, possibly to the 1.9K levels
Hold onto it like 90% of the cucks on this site hold onto crypto
fuck I need to fuck as many thots as possible before the Event
This! The USD and our markets cannot keep the good times up forever! Silver/Gold are going to go back up $30/$1800.
ITT: Trump supporters not realizing they're about to get fucking ruined. He never cared about you, you fucking retards.
Interest on savings is not that high...
Sage and hide these threads
The retardation is palpable
dont forget to long SPY if you have any sort of brain
(((investors))), there are no "investors" only a group of jews that print money.
the government is cashing out to pay for the space force
>bought $1000 in gold
is it bad I'm excited for this collapse?
might buy some silver as well
Based Trump decided not to fuck around anymore and ensure USA will be and remain top dog for the next century. Sorry eurobros, but you'll have to suffer a bit. If only you joined us.
And what will happen if the next crash happens with already low interest rates?
Lmao, might as well buy treasury bonds with those kinds of interest rates.
Haha, I am with you. My friend told me while laughing you want to make money off of everyone else's misery.
their fault for not securing their assets, the only reason capitalism fails so much in the modern day is a lack of financial literacy. If everyone knew what's common sense to us then our capitalist society would be perfect
I keep saying it. It works like a pendulum it will go up and go down right now gold and silver is down USD/market is up and now is the time to store silver/gold.
>All markets boom and bust, it’s just life
>current gold price $1.2k
>"mooning" to $1.9k
Thats not a fucking moon.
So is the 1k gold all you have?
if anyone here is serious about actually getting rich and not being a wagecuck, I'd highly recommend this guy (Robert Kiyosaki) books
Start with Retire Young Retire Rich, and then his rich dad poor dad series
So USD is king now amirite professor
it hasn't reached that price since 2011, and when i say 1.9K that's a minimum btw, highly likely to go higher
Back to school. Familys needed to get Billy and Sue Ann supplies for their studies.
Heard that prediction a million times from goldbugs in the last 5-6 years.
You are absolutely right we all have been hearing it for the last 5-6 years. However, look at the chart, we have been in an economic upside for about 10 years. We can't continue this trend forever so it will happen again. When it does it will be pretty big. My theory is the needle will pop the balloon if trump loses re-election in 2020 as right now he is doing very well with the economy and if a socialist liberal get elected all confidence will drop and be the catalyst.
it's a dip and hustle bruh. Chinks and Jews do it ALL the time.
Underrated
Here's the thing. If you bought your gold 5 years ago, you probably paid between $1200 and $1400, but I'll just say $1200 for simplicity. If it goes to $1900, then you made about 60%. But you held it for 5 years to get that! Lots of people on this board made a lot more, a lot faster with Internet meme money. My point being, gold isn't worth buying hand over fist, even now. No one will make a life changing amount of money off of gold. Just buy gold for that portion of your total assets that you absolutely can't afford to lose, and no more. If you really feel the bubble is popping in the near future, it's better to be in cash so you could acquire assets during the panic sell.
I 100% agree with you. Gold/silver is not by any means a way to get rich unless you have the money to make the money by buying and selling boat loads of it when the time is right. I look at it a little differently. I see it as a way to make a decent little amount of money on almost a guarantee with out taking as much risk in say crypto or stocks. Yet, if you want to make the big money that is where you have to go more risk more reward.
i genuinely feel betrayed by him :(
his advice is good though
Comments say that he is actually practicing what he preaches in regards to the bankruptcy, as he protected his personal assets, and did this it as a financial move rather than necessity.