Gggguys..... its ogre

Time to get stinking fucking rich

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Ehh don't really care. This is boomer stuff. All I have is a 401K through work and I don't really know what it does.

Don't really care about boomer shit

yeah people are just going to hodl imaginary internet money in a deep recession

Good book?

Checked and based.

They are .. nobody with real money likes keeping fiat, they would rather hold something that stores value and has a chance of appreciating. Trillions of dollars are about to flow out of the stock market in the next 12 months, and a portion of that will find its way into cryptos

is this zerohedge boomer talk i hear?

so a short position usd/try would be profitable on the long run.

short dollar
buy doge

It means we’re about to see houses 50% off.

This is going to keep us afloat for way longer than people are expecting. McDonalds will have to cancel the dollar menu before we drop below $290 SPY based on Trump's recent "lets just print money" tweets.

>yfw it all goes into SQQQ instead because Boomers refuse to get into Bitcorn

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It means deep recession is coming.

This.

So how does this affect my fake internet money? Oh, it doesn’t? Then fuck off

Good book user? Has it any practical usage in this day and age?

love the sound of that
would give left nut for it

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wagecuck here, what should I do with my 401k

haha to all the mortgage cucks "muh guaranteed profits muh passive income muh equity"

it's fucking cyclic, you buy the crash and sell the euphoria, passive income is a distraction to keep people holding high

they will all buy land and gold. keep coping

this is HUGE for crypto! people wouldnt want their money to deflate so hwat would they buy?
~C R Y P T O~
even gold is seeing a comeback. Bottom line, people dont want their money available to be toiletrized by the banks and governments that play by their own agenda. It isnt as pervious now until fiat has become significantly inflated, but in smaller countries like in south america people are already pro bitcoin. they really have it bad with their shitty economies. Gold used to be the safe backup investment, but the times have changed. BTC is new Gold, all other crypto is in the same boat and proposes a better way for society to not have everything under a centralized system.

when BTC is recognized as a better store of value on all levels, things will really heat up

ironically when the dollar menu goes away and the "2 bucks and under menu" is the new cheapest, that is when the masses will actually realize the dollar is really depreciating

It's already been the "value menu" for years you dirty east coast liberal

don't fucking tell them
delete your post

Yes it's a must read imo, as essential as rich dad poor dad or millionaire fast lane or any other /bizlit/ classics

It's a 4th of July surprise.

unironically buy btc, this is your last warning

RSR/RSV is the answer for exactly this. Burgers didn't realize yet that their whole system is crumbling with them inside

I'd rather the USA didn't crumble because that would get immensely depressing rather quickly.

>Keeps saying the same shit for years now and nothing happens.
Cope cope cope.

>people wouldnt want their money to deflate

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It's not as bad as it seems. Trump has actually employed a new, and incredibly dirty and destructive tactic to ensure American economic growth.

He's exporting USD inflation to basically everywhere in the world. All the globalism that's gone on has given the US immense power - at this point, Trump is almost literally stealing the bath tissue off South America's shelves. It's a complex process, but the end result is financial instability and food insecurity in the various places he's targeted. Colombia, Venezuela, Turkey, some African countries, the list goes on.

None of the normal indicators are actually correct with this invisible wholesale looting of the entire world's resources going on.

The markets can continue to rise for quite some time yet.

how does this work

Checked and based Trumpster

Unironically this is how I informed people of USD complete shit. 15 years ago I could get a bun, 2 beef patties, 2 slices of cheese, condiments, pickles, and onions for 1usd. Now you get a bun, 1 beef Patty and no cheese for 1 dollar. Burn in hell America.

So what to do now, sell all stocks or stay.

.....

>export the inflation
Causes dollar drops tho OP, so US exports cheaper - foreign ccy stronger.
Nets out to nothing eventually (when trump disappears in 2024)

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just realised u weren't the OP sorry :)
but would be interest to hear what you think

woah there partner no need to get so upset just cause you cant OD on carbs and sugars

> now that every normie in the world is predicting an economic collapse it will surely happen

I’m taking a contrarian approach and going in on QQQ on Friday

Someone has to hold the bag, I figure

‘Murica yeah!!

So u saying dividens arent my fren?

That's the spirit!

kek that's what they mean when they say inflation is part of a healthy economy

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Basically, Trump's cut them off at the knees. These economies have benefited greatly from Western developmental loans and investment, but those loans require USD repayment, so the countries or major corporations must sell, say, the Turkish Lira to buy USD and pay their debts.

What Trump has done has a) cut foreign aid, b) strengthened USD and c) applied trade tariffs. These events also impact the others' currency, and they lose value.

Suddenly, investment has totally dried up, your country's GDP is at gunpoint, and your loan payments just went up by 115%. Bath tissue stocks are drying up because they're so pricey. What do you do?

Print money and implement price controls, of course. Which just exacerbates things.

The country's wealth is drained out through a tube, people cannot afford basic staples, and mass unrest follows. Meanwhile the US just got itself $40 billion of real capital and goods, and so US prices decline or hold steady and US investment goes up.

dividends dont even hedge against inflation

so global printing resumes and foreign nations chimp out. sounds good for crypto.

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that's interesting, I was aware of oil being priced in dollars but didn't consider loans that had to be repaid

so is gold/crypto the answer or is everything in trouble?

Filename relevant

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I just bought $30K worth of T what the fuck do you mean they dont hedge against inflation WHERE IS MY GODDAMB MONEY AND HOW DO I SAVE MY PORTFOLIO?

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Just doing G-d’s work

Uh Trump is weakening the dollar which is why most emerging market debt has done well in USD terms

These countries are crushing themselves with idiotic policies and corruption - Argentina, Turkey, Iran, North Korea - only themselves to blame

Trump is ready to extend the hand of friendship and make a deal.

The best thing these countries could do would be to end their own currencies and convert to US Dollar (dollarization of domestic economy) and join the EuroDollar sphere

this
we need CFDs returned

If the US is basically draining wealth from these counties and the US economy is still as shaky as it is, what will happen when they can no longer run this racket? Will the US just collapse?

Yeah, it's very good for crypto, no doubt. Crypto and the US are the two things you can count on to do well.

There is no real answer besides your entire country suddenly deciding not to pay its debts to the US. Don't ever accept foreign American investment in the first place is also a good way to avoid it, but, then you miss out on the investment too.

The US will default on its debt, and major political change will follow. Which direction that takes noone knows.

Sell it and buy physical gold

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Why would the U.S. default?

The Fed and the Treasury can cooperate. A market for the debt is guaranteed.

Has the BOJ allowed a default in Japan? No. The situation is totally managed.

Only a few cheats - like Argentina, Spain, and Italy - routinely default in order to steal from the (((core financial banks)))

Oh shit you guys know about tavi Costa? Most based financial channel

So you are saying hamburgers can be used as a unit if value?

>The US will default on its debt, and major political change will follow.
Is hyperinflation the most likely outcome of that?
Seems to me that central banks are becoming increasingly interested in issuing their own centralized "cryptocurrencies." Though I could imagine that hatred for the banks would boil over if they actually tried to implement it.

In a hyper inflationary environment? Yes. Yes they are.

Because it is preferable, and possibly politically advantageous, to printing the currency into runaway inflation. Defaulting can be the start of a whole new government power structure - Trump could use such an event to seize dictatorial power, for instance, in the chaos following dissolution of the US govt.

You could have just wrote that they default in order to steal from the jews

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No, it's more likely to be like the transition into the Reichsmark. New currency, new basis of valuation, old one trades in for X amount.

if we weren't living in clown world i'd call you an idiot for suggesting the US defaults

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It's totally doable. It would also completely melt the world economy, and unlock indisputable American power over the impoverished remnants of the world too.

It's a world-changing, good, move.

go all in on a leveraged ETF near a historical support and hope and prey you can get out of this system

Can fake internet coins be used as a unit of value? Isn't it all relative to the amount of shit you can buy for 1 USD? Was bread a unit of value in Weimar Germany?

the fucking madmans calling it
and i'm with him too

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Can you explain how moving into a crypto solves anything? First mover advantage is gonna put that country into a super power. Let’s say Canada accumulates “cryptocoin1”, they announce we’re gonna use cryptocoin1. Canada now has a head start, nobody will ensue. A bunch of countries would have to issue a coin, agreed upon. But what gives it value ? How would it work? PoW only would give developed countries power. I don’t see how “crypto” is a way out.

May I ask your background? Not doubting you, I'm just a brainlet who doesn't know enough to draw these conclusions.

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Do new currencies initially require an underlying standard to which their value is fixed or can they be created as floating currencies from the onset?

Thanks just market baught 100k burgers

It isn't for governments. It is for people.

What you've listed is the reason why no government crypto coin will be able to take off in a global recession/depression. Logically, people should opt for the established cryptocoins instead of letting themselves get cucked into buying one freshly created and hoarded by someone looking to fuck them over. But then again, expecting rationality in this world never does seem to work out...

Until governments ban it.
>what is Libra

BSV has the only potential then.

Finance and law majors, polisci minor, worked for 15 years at Goldman on the trading floor. Lots of time to study economics.

There's ways around that. Desperate people, desperate times, desperate measures.

>established

It’s still some neckbeards with a shit ton of money. Government just buys them out.

>He does not know that the world uses the usd as a reserve currency to escape worse fiat currencies
>He is not aware that if the us defaults hyperinflation will trigger as people abandon the usd worldwide.
>He does not know the us deficit is the biggest ever.
>Biggest deficit ever + usd being abandoned as reserve currency = shitstorm.

Housing market dip plsssssssssssssssssssssssssssssssss

Not going to happen , China is building infrastructure at a rate that the usa can even dream.

They are opening nuclear power plants every fucking year , the us built the last one when?1980?

Routes , airports , everything china is building at massive rates.
The only thing they have at a disadvantage is being food importers and that's why the usa can't win this shit.

China can buy food from latin america and the usa can't do anything to get latin america with them as both north and south america exports the same shit.

But outside that the only winner will be crypto.

>they are building nuclear power plants every year
>china
>building nuclear power plants
>every year
holy shit, can you imagine a bunch of chinese built radiation time bombs? Asia will become a nuclear dystopia within the century

The gold bugs never learn

They keep waiting for
>muh collapse of the dollar and defaults!11

And they miss out on the QQQ evolving to Ultimate

They are building reactors more advanced than the usa ones , hell some even designed by burgers.

en.wikipedia.org/wiki/Nuclear_power_in_China

The reason i use nuclear as an example is because they are building more than the westn did in 50 years in just a decade.

But the same is happening with dams , routes , trains and basically everything.

Burgers are going full retard with trump , not that it wasn't needed as they had also been going full retard with the democratic retards.

The problem is that the going full retard against the world requires to see where you are standing and burgers are not doing that.

They have not invested in infrastructure for 30 years and believe they are number one.

When the world has to choose to trade to china with 1200b people and a growing economy or a stagnating us with 350m people and 35 genders the answer will be clear.

I hope that burgers are smart enough to avoid the worse tough.

>implying all those buildings are occupied
>that’s why a lot of wealth moves to US CA UK
>implying chinas communist society holds indefinitely
>ignoring China’s population growth, especially with its baby boom going on

We will see how their Silk Road / investments in Africa pay off.

In Venezuela they started blacking out the power grid in some spots because the currency had gotten so worthless black market stores would only accept crypto or gold.

The new Fallout game is going to be placed in China.

Thanks fren, you're too good for this shithole. What are your personal plans for riding all of this out?

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When a big crash happens and everything turns to shit, what would you buy.
Gold, which you can hold and trade easily or internet coins that need an entire farm of pc's to process transactions and is totally reliable on the internet and smart products.

>We will see how their Silk Road / investments in Africa pay off.

This is the problem with you burgers you don't understand currency because you lived under the reserve currency for far too long.

If you expect that china wants a return on this invstments you are retarded.
They want to position their currency as a reserve currency by injecting it around the world.

One day they will open their great firewall and 1200 chinese saying china numba one will invade youtube , they are going to land on the moon after than and put the chinese flag near the usa one and then they will force everyone with debts to use the yuan as a reserve currency in exchange of debt forgiveness.

Once all that crap happens the us will be economically and culturally destroyed.

They are playing long term and anyone that is not a brainlet can see it.

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How many BTC u got?

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