We haven't had a bear div this big since 2008, holy shit. The scary thing is it's the same in all the big 5 global markets.
I also think the "money will come flowing into BTC" meme is a complete fucking lie and won't happen. In the event of a recession people will go into fiat, nobody will want to be holding meme money
>in a recession people will go into fiat
This unironically justifies ignoring anything you have to say
>Fiat
In the event of a crisis they'll print more money and totally devalue fiat, gold and crypto will boom.
To be fair people are dumb after, they will go to fiat and the real money will go to gold and crypto.
He should have said people will withdraw from high risk investments including crypto and fiat. Would have been a better FUD post.
He's right tho. Cash is king. That said most smart money has moved to cash already if I'm not mistaken. Boomers will be likely to hodl.
>In the event of a crisis they'll print more money and totally devalue fiat, gold and crypto will boom.
BS - QE came to its limitation...printing more and more cheap fiat paper works just fine in the short term.
To add onto this, gold usually takes a dip because it's sold to cover positions
my man, my friend, numro uno amigo
Shit will go haywire all over the globe before it finally hits the US, it will be the last one to fall.
In a lot of countries, Australia included, there is bail in legislation where the government can confiscate your savings to bail out failing banks.
confidence in fiat will go from bad to worse
I unironically think there will be a financial crash that will make 2008 look like an afternoon stroll.
god bless the american education system
>The recession is happening soon and will make 2008 look like nothing.
Every boomer and CNBC are talking the same shit, they just argue about when and how. This is proof that we have 5 more years of bubble bath at least.
This upcoming crisis won't be as big as 2008, at least in US. It will however speed up the demise of EU.
Crypto will tank during the first few months of biggest uncertainity, but then will start to rise again, outperforming both gold and stocks.
>I also think the "money will come flowing into BTC" meme is a complete fucking lie and won't happen. In the event of a recession people will go into fiat, nobody will want to be holding meme money
At least some money is bound to go into BTC and cryptos. And FIAT won't be safe anymore when jews print it to oblivion. Remember the last 3 trillion stolen from the pockets of the american people?
I'm seriously hoping this is the case and life will be easy enough to just 3x short all the way down and pour my easy earned money all into chainlink while I voluntarily life off ramen as a noble sacrifice
Should I just hold through w/e happens and buy at the bottom. I'm already negative at this point.
This. People will pe slaughtered, but the smart money moves to PM and Crypto.
1 year after the crash, the war will happen.
I need more time to prepare.
>To add onto this, gold usually takes a dip because it's sold to cover positions
You meant to say paper gold?
Go back to /x/
You will see :^)
nah this is a healthy pullback from 27000 to 24000 it happened in january 18 26700 to 23500
3k pullback is expected no need to panic
>government can confiscate your savings to bail out failing banks
Can anyone confirm this? Any source?
If the Don loses the house the market will likely price in the next 10 years because the liberals will only seek to impeach Trump and basically fuck over any chance of him keeping the ship from capsizing.
The laws in every countrie's constitution are very fishy when it comes to property
I can only speak for germany : during the last two inflations the government imposed a mortgage on EVERY house in order to pay debts. Homeownerd were screwed. You paid 40 years for that house ? Nobody cares goy...you have to pay again !
They called it 'Lastenausgleichsgesetz' and said it serves to share the burdens of war.
Never trust the state...in fact the state can take everything physical you think belongs to you if he wants
With gold they are more cautious...but they will start calling you a traitor and sociopath for not sharing it with the community and they will shame you in public.
Look up a “Bail In”, it's when the government confiscates your savings account to bail out the bank those accounts are in.
Cyprus has it on the law books, as does Germany, Canada, and a few other countries.
It's basically the fall back option for the “Too Big To Fail” institutions anymore since they don't have wiggle room on the interest rates anymore & Quantitive Easing has been chugging along non stop since 2008.. so what's left? Oh yeah, all the non-guaranteed/insured money in your account.
>In the event of a recession people will go into fiat
fiat will lose value / purchasing power and the only chance for the paper money to be worth more is if we see bank-runs, which we won't
if by people you mean NPC (dumb money) you are correct. smart money will flow into precious metals
>nobody will want to be holding meme money
until they see the BTC rally and realize there's money to be made in trading and holding crypto
They did that in greece and put daily limits on ATM withdrawls to keep people from cashing out.
Fucking republicans fucking the economy up over and over again. When are we going to ilegalize this bunch of idiots
>I can only speak for germany : during the last two inflations the government imposed a mortgage on EVERY house in order to pay debts. Homeownerd were screwed. You paid 40 years for that house ? Nobody cares goy...you have to pay again !
>They called it 'Lastenausgleichsgesetz' and said it serves to share the burdens of war.
This is the ultimate Jewry. Was this under Weimar republic?
I NEED ADVICE pls biz
>They did that in greece and put daily limits on ATM withdrawls to keep people from cashing out.
This is how they keep the jews fractional reserve scam going on. In the past the squirming jew was dragged out of his vault and promptly sodomized and executed.
>They did that in greece and put daily limits on ATM withdrawls to keep people from cashing out.
Andreas knows, that's why he loves crypto so much
The fact that we've been at peace for so long that people think war is /x/ tier, is as much proof of a coming war as you need
I think it will depend of the next democrat candidates who become the president(2020 or 2024).
Just like how in 2008 they printed money and everyone became poor? Oh wait, that didn't happen.
>Hurrr durrrrr 2008 didn't make anybody poor hurrrr durrr.
It's always all or nothing for you. Back then millions lost their house and livelihood while rich got richer. Go fuck yourself.
Meme money that has clear rules is better than fiat which the gov:t can inflate whenever they want
>millions lost their house
*lost their mortgage
OMFG!!!!!!
1. Time weimar
2. Time this repubkic in the late 40s/50s
Every country will do this when hyperinfaltion hits...they already made laws in the european union the last years which will basically make the people debt slaves in the scenario of a crash.
If you buy gold, you shouldnt brawl about it in public. People here or on youtube that always say how much gold they own are literally retarded because now the government knows how much to take from their basement.
And without QE it would be worse
It's baffling how much influence the jews (synonymous to banks) have in the state when it is willing to cuck itself and it's people in order to keep the jew fat and healthy. All my rage!
Can confirm, Australia's big 4 are among the biggest and most profitable in the world and Australia has a tiny population of 25 million. The government is completely cucked by the big 4.
>And without QE it would be worse
Just like Iceland was?
Why don't you go and pull yourself down the pajeet hole?
GDP just came in at 3.5%, dummies. Even a 20% drop in the financial markets wouldn't knock that below 2%.
Crash =/= Recession
This =/= 2008
Nahhh...normies are retarded...its more likely their own fault
Big gov. Will give it a euphemistic name like
"United States Liberty and Progress Bond"
They will advertise it as the best financial product on earth that helps humanity and makes the US strong. People will buy that scam and perhaps be proud to pay their
United States Liberty and Progress Bonds
Can confirm, at least in Canada and Australia. Usually they go for accounts with liquid assets over 150k. Crypto is ironically the safest place to store your wealth during the next financial crisis.
USA kind of rebounded since February fall. But rest of the World was falling whole year. We are already in the bear market.
actually you did get poorer in purchasing power, you just didn't notice it user.
>Never trust the state...in fact the state can take everything physical you think belongs to you if he wants
this
Like try not paying real estate tax and see how really "yours" is your house.
Also in some countries in the EU there are these "emergency situation laws" and according to these the government can seize your assets (including bank deposits, real estate, cars etc) because there's an "emergency" situation. The laws usually states that once the emergency is over the state gives it back, but the restitution process can last several months.
To be fair the us is better off. You should be carefull when your progressive people want to make the us more like europe.
Ask them kindly to move to europe and abandon their citizenship.
Most people only see the good things of europe....while everyone living here sees its a dying giant with laws explicitely aiming at disowning its citizens.
You guys do know the trading of crypto can be stopped, right? Sure you may still have your private keys hidden somewhere but what good will that do?
gold, not crypto, faggot
Governments may hamper fiat/crypto conversion and pull the plug on internet. An inconvenience, but less effective than bail-ins or ATM limits.
Reminder that the stock market is much lower than it seems when you take inflation into account.
Op you very stupid, that money will come to crypto
Reminder that inflation is consistently understated by governments for (((reasons))).
and the orange buffon is in twitter complaining about his twitter followers WTF this baboon is insane
lol shareblue
where can i short this anonymously using crypto deposits only? i dont have a credit card
Go back to leftypol and lose more money on gold
Not here in Europe. I keep hearing about the increased prices in the news, but its definitely not a bubble. Things will rise for another 2 years, then go sideways for a while and interests will go up again, a small correction will come because of the interest rates but there won't be something as big as in 2008 again and it will most definitely not be for the next 2 years.
^that's all according to what I read and hear here in The Netherlands.
You are in for a rude awakening
>fiat isn't meme money
>this collapse isn't caused by everything being based on this meme money
I dont depend on the US to pump crypto in recession, but asia..yes. then usa after.
what will cause the recesion?
>impying stock prices mean anything anymore
No I'm not, but my country is.
I'm comfy waiting for the crash so that I can finally buy a house when they become affordable again.
To add to that: I'm planning a big trip with my saved money/gains from crypto.
Time to hang out with Sayori!
this
no BSE; no recession
It never fails
You have all that fiat for house ready in a bank account? It's losing value as we are shitposting.
You have it in crypto? GL&HF with AML.
You said you want to buy house? So, it is out there in countryside? You just played yourself, long-term value of real estate is gonna go down the drain along with population numbers.
>mfw trumpcels destroyed the economy in two years
It’s all in the natural rhythm of the world
inversion occurs 6-9 months before a crash not during or after
>reads chart
Can't tell if bait or just stupid
This is like that website where you can plot yearly number of rapes per capita and number of postmen or whatever
>Within 2 years of a solar minimum
That's a pretty big timespan
Could it be instead that the economy just follows it's own cycle with a crash every ten or so years that happens to kinda sorta line up with the sun's period of solar cycles?
No! That would be ridiculous!
No I don't have that much money. Not some kind of richfag. Just not going to get a mortgage in the current situation. Thus I'm just gonna do some stuff in the meantime like traveling. My country doesn't bother with AML and even can't do it with my amount (anything under 25k they don't even care about, and I don't have anything above that on paper).
I just graduated a bit over a year ago for an engineering degree and started to work. Got a lot of raises already and my skill is always in demand, even in a recession.
So basically, I saved a bit but not too much to wait out the crash and won't be jobless. Even got my current employer so far to give me a half year unpaid leave for me to travel while keeping my contract (which they also just voluntarily made an early indefinite contract after me only working there for a year).
I'm just comfy no matter what. I feel comfy in my own confidence as well, and I'm not over confident or something. Feels good to be an autist when it comes to being good at stuff but at the same time be very social and have a lot of connections as well.
The only thing I don't feel comfy about it the current markets. And even if it won't fall for some reason, I won't fomo in and get a house/mortgage. I'll just rent instead if it won't fall to a level that I feel is reasonable.
>he fell for the cash is king meme
>doesn't understand economics at all
>doesn't understand user just wants to argue over internets
Bad goy!
Markets did go apeshit for Mr. Business running the country though.
the recessions are in grey you moron, it shows the inversion happening when it touches red zones and you see the recessions occuring
>long-term value of real estate is gonna go down
Never read more shit, but then again that's what zoomers believe and are coping with. Hopefully your boomers have one, otherwise you will never own one. Sorry. Or hope for another Hitler
kekk never change america, never change
>never change america, never change
Oh it'll change alright
>Looks similar to the Hilary vs Trump prediction
Could you try again, but this time be actually coherent?
>This chart only shows that have occurred close to a solar minimum.
Aka
>This chart only shows data that confirms to my theory
Retail debt & the collapse of brick and morter.
Most crypto holders are young males between 18-30.
This means that most of us are young boomers or zoomers. And if a recession were to happen, most of us wont have the need to cash out.
What I'm implying is that crypto wont crash that hard because most holders wont need to free any capital. Crypto will then moon hard as fuck because its a safe haven.
Any thoughts?
Fucking kek, people don't realise there is actually no difference between the government confiscating 20% of the savings in your bank account vs inflating the money supply by 20%. They are both stealing 20% of your wealth in cash.
As for the former, governments have already done this in Greece and Cyprus. They are doing the latter in every country around the world.
>vanished
monero doing what its supposed to do
user, things crash because of sudden loss of liquidity. in such a scenario crypto will inevitably crash, because no one will be buying and stop losses will be out in the open, unprotected.
Day of the shoah one day