Peter Schiff is right
How are you preparing for the Greater Depression of the 2020s
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Watch him buy some rope if it happens on the last day of 2019 and the whole world laughs at him
Unless there's a war the West just becomes Japan. I'm not doing anything unless there's we're closer to an happening
Divesting my fiat into gold and silver. I’m waiting for the last bottom so I can stock up and see the explosive rise.
Stay pathetic
so pretty much 2-3 decades of long accumulation before the next pump?
Yeah if the economy goes down slowly you just wagecuck or start a business on the good time and establish yourself (aka the last few years or even now) as usual and wait for deflation. If stocks go down rapidly however it's better to buy when they're low and capitalize on the fear.
Either way if you believe in a downturn now it's the time to accumulate cash and maybe some gold. If not buy stocks but I don't know about that since either way the population is going down. I believe that explosions in population lead to big business development since you have all this free labor which means the businesses should increase to match the supply and be in equilibrium and vice versa for a decline in population
Japan didnt really have a major recession, but rather a major stagnation.
I dont have an opinion on how bad this will turn out for the West btw. China will suffer though.
>be Jow Forums
>right wing incel board full with unironic anti semites
>at the same time worship Peter Schiff
I mean Peter is fugging based and all that but you faggots could be a bit more consistent with your ideologies. also have sex you incels.
Buy silver and gold, silver and gold.
Everyone wishes for silver and gold.
Yeah but I think a major recession can't really happen unless in case of a war since we have quantitative easing, lots of world trading and a bunch of other stuff that prevents it. Stagnation or small crashes aren't off the table but if you have cash or gold you can convert to stocks if it happens. I just think the safest is not having a lot in stocks right now since a stagnation or decline is more likely
>Jow Forums is one person
upboard :) well meme'd sir, here's some karma
>barack obummer and the fed are gonna cause hyperinflation
>buy gold
t. 2009-2016
But... but.... a broken clock is right twice a day. I'm gonna buy more stocks during this dip because stocks are productive assets (unlike gold). I'll never have to work because the stocks work for me. Daddy Trump will save us if things go wrong (though they won't go wrong).
Buying BTC and gems like NOIA, LTO, ATOM
If you think we'll got off as lucky as the Japanese, you're fucking literally retarded.
Unironically become a robber lol.
Why create when I can take, this is the prime law of buisness. The law is simply competitors looking to oust me. The deaths of all the people I rob will also help the value of the currency by putting ease on the economy.
You'll thank me later, prey.
Even the money managers and economists were surprised when there was no inflation after printing trillions. Turns out it’s not printing money itself that causes inflation but the injection the currency into the general population. QE was placed on bank balance sheets and used to buy off debts and lend out to corporations. The average American never saw a penny of that new money. Wait until a socialist gets in office and they increase welfare spending by 10,000%. Everything will change. Kiss your fiat goodbye.
Historically gold dumps during economic recession so why the fuck should I buy gold now?
I'm not buying this stupid boomers bags so you can fuck off.
It doesn’t over the time of the recession just at the beginning because of all of the derivatives.
Replace ''lucky'' with ''hardworking'' and you're right