This is it boys , this is the big one , orange man will be left with only one option to prevent the economy from collapsing. That is devaluating the usd to hell , otherwise the us economy is about to be rekt unless he capitulates to china which he won't do because it will signal he did a 3 years trade war for nothing.
I hope you have your bitcoins safe and ready because we moon now. See you at the citadel frens.
is this it anons? The start of greatest recession maybe ever
Nicholas Rogers
It does seems to be the start of something massive Trump will be cornered and devaluation will be his only option.
But it's a race for the bottom after that.
Ayden Richardson
if Euro markets collapse today we are in for a shitstorm.
Jeremiah Barnes
please explain user. trump will dollar devaluation?
Brayden Gonzalez
Does anyone know how much exposure DB has to china?
Nathaniel Parker
China and Mexico have been devaluating their currency as a result their citzens now can import less but their labor is cheaper relative to usd so they will export more.
What can Trump do with this crap?Only way to prevent them from doing this is devaluating the usd so now chinese citzens or mexican citzens earn the same than what they did before their currencies lost value.
But Trump has a country with 350m citzens and China 1200m , as a result he can't do that thing effectively.
China is trying to crash the economy with no survivors to get Trump out in the next elections and the only thing trump can do to prevent this is devaluating the usd(which he already did last week by bullying the fed to lower rates).
Now he is fucked , he devaluated the usd and china devaluated the yuan more.
It's probably all related tough i have no idea to be honest , hk for china is like a free trade zone for financial stuff semi independent to the chinese government. So if china wants to devaluate hard they may need to crack down on possible exit gates from the chinese economy. Maybe hk is one of them no idea tough.
That's the thing that has fucked the economy , since 1970 governments pumping the economy by printing money has fucked the west. Making it directly instead of stimulating through public works would make things worse.
As the first people getting their gibs would be the first ones to buy and the last to get them would suffer the inflation. Doing what you say would literally take us to clown world with negative interest rates.
"As of January 1st 2019 DB credit exposure to markets were 303 billion(B) - Germany, 280 B - North America 250 B - Europe excluding Germany 98 B - Asia/Pacific 16 B - other
We can assume a large majority of that asian pacific is china so at least 70B, putting their total exposure to Chinese credit risk at about 6.5% of total.
Brainlet here, why is the Chinese yuan becoming more expensive relative to the USD if it's being devalued? Does that mean the USD is being devalued as well?
>What can Trump do with this crap?Only way to prevent them from doing this is devaluating the usd so now chinese citzens or mexican citzens earn the same than what they did before their currencies lost value. why not increase tariffs to cancel the effect of devaluation?
Alexander Stewart
You can only cancel the effects relating to imports but your exports will still be fucked.
Hong Kong shows us that even chinkbugs can have free will and are ready to fight against the goverment to gain their rights. This got the mainland spooked, because the wrong think might spread over to mainland and once the angry billion chinks start marching and demanding rights China collapses under it's weight yet again. So what does mainland do? They make a new enemy to divert tje populations thoughts at, and USA fits the role damn well.
David Long
And I believe Bitcoin is going to dump hard if recession hits us in full force. As the poor shits who have 90% of their wealth tied into BTC realize they won't have enough money to buy food they'll start selling BTC en masse. This will only chain into others panic selling meaning BTC goes to around 3-4k, maybe even lower.
Same thing will happen to stocks as boomers sell index stocks like crazy, tanking the economy even more. And that's when the smart money buys the dip, be it stocks, crypto, funds, etc.
James Lopez
Under normal conditions you may be right but the halving makes btc recession proof until 2022.
Also selling btc for fiat will be an emergency meassure as fiat will be getting rekt hard.
Xavier Thomas
Yup curve inverted. This should last at least a couple days. VIX backwardation secured.
is this the final proof that bitcoin will do very well during recessions? digital gold is not just a meme
Nicholas Campbell
Only boomers tough otherwise , why would bitcoin do bad in recessions?
Governments devaluate in recessions , they been pulling that shit since breton woods ended. Bitcoin having a fixed supply will pump when governments devaluate.
Nolan Lee
in the past bitcoin did follow the market trends, which is why some of us weren't sure. It's all over the place for me at least, so I'm not to worried after seeing this
James Ross
imagine being not sure and feeling unsafe like this guy biz
why are you even wasting your time here with your 0. something portfolio
Joshua Davis
>weren't sure >past tense
illiterate and not going to make it
Dylan Allen
The finished goods that China imports from the U.S. are necessary goods. The materials that China imports from the U.S. are what they use to make the shit they reexport.
Sure, China can buy their aircraft from Airbus instead of Boeing. That's about it, though. They can buy basedbeans from Brazil, and then the U.S. can just sell its basedbeans to Brazil, net result zero.
>The finished goods that China imports from the U.S. are necessary goods.
They can import them from other places , the us on the other side it's a service economy mostly this days and agricultural products are massive exports.
China has orange man by the balls.
Ryder Harris
Any of you doubting the Citadel, just know it's already being built in Nevada. 86,000 acres of Citadel space. They better hurry up on the construction. You'll need a Bitcoin just to enter and live there, I hope you have your Bitcoins anons
Gavin Nguyen
>he doesn't know All USA trade deals are paid in USD, we've started wars to keep the petrodollar agreements going. The entire endgame plan was to get these exact results.
>every other currency weak >USD strong >Countries have to pay us in USD equivalent >Everyone is paying us more It's not about imports/exports, that's for the normies. This is a national fight. It's about altering the World Debt.
