Discuss
US Economy
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so we have a year or 2 until a crash
I need help determining how much $USD to put into BTC
Can you zoom out so you're not making an extrapolation from two data points?
>Fiat Currency
>Central Bank
>Keynesian -- central controlled liquidity
>69% GDP personal consumption
The whole US economy is an illusion to keep people spending enough money to stay wage slaves while keep them uneducated enough to think that insurance companies, banks, and the medical industrial complex aren't monopolistic cartels.
Zero
Crypto is a Chinese/Indian ponzi scheme
hmm...
Real gdp when adjusted for inflation has actually decreased over time as the middle class had been eradicated.
...and it will be a YUGE crash.
If Trump really is a zionist puppet, it will be the biggest crash ever. Country ending.
If Trump really is playing 4d chess we'll have a crash, but I imagine it will coincide with the fed being dissolved and the currency being restructured.
The GDP (and inflation) is also highly manipulated when you consider things like imputed rent and hedonic adjustment.
No one is talking about the yield curve flattening. That’s a tell tale sign things are going south.
Next, commodities will explode, especially corn, grain, and livestock.
Oil is slumping. A war would fix that. The Saudis and Russians as well as shale producers need oil much higher to be profitable. When “Iran sabotaged those Japanese tankers just before hosting Japanese politicians” oil spiked.
China is fucked already. They have billions chasing after limited resources and their economy is a crumbling house of cards. A shooting war is a must for them.
Christmas will be an expensive one this year.
So like what you meant to say is buy crypto
We are $22 trillion in debt and nobody knows what to do about it
Shits fucked brehs
you mean global economy
collapse of the reserve currency and protector of sea trade routes is catastrophic.
When the same happened to the UK, the US was already situated to take over. The status quo could be maintained. A similar situation this is not. No one has a navy worth a shit - but hot shit, is everyone to make one. China maybe in the best position, and clearly getting a head start, but they're sabotaging themselves by provoking other nations like Japan; maybe they believe it necessary.
Either way, prepare for the bizarre 'peace' we have had for a while to evaporate.
all of it
USD is a US/Western ponzi scheme
youtube.com
just a meme
Not really, what happens when there’s no electricity running through the wires
all of it. don't listen to these literal boomers telling you to buy gold
Yeah maybe but I get paid in $USD and can pay for things with it. It is very liquid. How much should BTC should I buy?
You're delusional if you think things will ever get that bad. In the middle east, sure, but not in America. Our power grids will always stay in tact.
Don't buy Bitcoin, you're way too late to the party. Invest in other coins. Monero, LTC, ripple, xlm, chainlink, to name a few.
most major US population centers have too many rich people to allow it to seriously fall apart. America will not stop working for anything short of a nuclear holocaust
Yeah I can tell you don't follow the market. The yield curve is brought up on CNBC every day, oil is up 10% in the last week.
Stop talking out of your ass reddit.
How much would you invest and how spread out ?
>US Economy
For the last time. The US economy is a meme you stupid fuckers. U.S. provides the Saudis "protection" in return for Saudis pricing and selling oil in dollars. Since the Saudis control OPEC, OPEC also prices and sells oil in dollars. This forces all countries in the world to trade with the U.S. for the dollars to buy oil.
That is why we can run trade deficits in every sector of the economy except Food and Oil.
>Pic related
>U.S. Economy is a meme.
>All models of U.S. economy are memes.
>Fiat Currency
Dollar is backed by oil you stupid fuck.
Look at the 10 year to 2 year ratio. This is the one that matters. The yield curve isn't inverted yet. But we're getting there.
>Stupid comments from stupid people.
Federal reserve controls the currency in circulation. Wages are stagnated to finance new sectors of growth via easy loans and credit.
>You either adapt or die in the U.S.
All you can ignore boomers they put us in this mess globally.
Crypto is the solution.
But this backing isnt fully in our control. All the big players are taking steps to position themselves for the end of the petro dollar. It will end, sooner than later.
Republicans refused to put protections in place to prevent the next housing bubble and derivative collapse.
In the past 7 years, more money has been stolen from the virtual currency exchanges than all the banks in the world combined.
This also there is a btc node in space
He is lying the btc party is just starting halving is next year.
But if you want to diversify.
Btc ltc xmr eth
Found the SEETHING Austrian faggot
>It will end, sooner than later.
That's where you're wrong amigo. We've been spending trillions of dollars on our defense for decades for a reason. We are far ahead of our competition. We are so far ahead that we've begun leaking our secrets to the Chinese, Iranians and Russians to foster competition - in order wake the sleeping American power out of its stupor. We exist for war boy. Our people are always at war - either economic or physical. We've been placing American bases across the world for a reason. We are the strong, and we prey on the weak amigo.
>Stop feeling guilty and go drink budpiss like you usually do.
Based and warpilled
>Crashes exactly at the end of Trumps 2nd term
I would fucking laugh so hard at the irony
We're already heading for a recession in late 2020.
August 2020. Get ready.
putting all my money in TVIX im gonna be rich bros
do not listen to people trying to shill you their shitcoin bags. all of the coins he mentioned are either scams or totally pointless/useless. bitcoin is the only crypto that has a legitimate shot at being adopted as money, and assuming it does there's still massive upside potential. you haven't missed the boat yet.
Recommend this series of videos if you want to understand money, speculation,and why bitcoin is really the only legitimate crypto project.
youtube.com
this guy is cool
Boomers HATE crypto which should tell you enough
>come over from Jow Forums
>this post is top of page 1
silver is money
everything else is credit
I have like 2k in bitcoin
Bought some gold etfs
And have silver suicide stack
Be sure to acquire LINK, BSV, and XRP just in case.
Reminder to buy gold. Not silver
Nah man the US dollar is backed by debt. That's all.
It's actually backed by the military.
Based
i'd wet myself. back the shit with gold again
yeah its another fucking bubble
this time its just a good old stock bubble caused by the KIKE fed printing trillions of extra dollars annually for the last 13 years.
This guy gets it. We've always been a warlike nation. Our entire economy depends on our ability to dominate the world. It's not about good vs evil.
>You're delusional if you think things will ever get that bad.
HEY EVERYBODY GET A LOAD OF THIS FUCKING RETARD HAHAHHAHAHHAA
what really matters is so bull market belonged to republicans and bear market belonged to democrats, so republicans could rule forever
>what is BRICS?
the post
Reminder to buy both
it can't be paid off so just ignore it and enjoy life until the party stops.
>Nah man the US dollar is backed by debt. That's all.
Stupid fuck. OPEC controls 1.214 trillion
barrels of crude oil.
>Pic related
Each barrel is worth about $57. Our debt is $20 trillion. We control oil worth > $70 trillion. We're more than $50 trillion in the black you stupid fuck.
>Fuck off with your brainlet arguments
War is our business and #1 export. America, FUCK YEAH
>not know how to use greentext
>what is BRICS?
>Brazil, Russia, India, China, and South Africa. Yeah user. I'm pissing my IPA right now.
>All those shit countries
How deep we have fallen
There are several factors that give the USD value: yes, petro is a large part of it but it is also tied to peoples willingness to pay taxes on it. Hover it is absolutely Fiat currency spent into existence debt--the oil valuation is that you have to spend USD to buy OIL from OPEC... that doesn't make it not Fiet currency idiot.
three tits are better than two
>Leaf
>economics
post in store prices
t. 3 handed muttant.
jesus, don't you fuckers do any research on how the FED came into existence? No wounder you owe so much student debt--you are economically illiterate
>Hover it is absolutely Fiat currency spent into existence debt
Plz. Stopz. You brainlets make me cringe. Go back to sucking your mom's breasts. You don't belong in the world of men.
>BUY HIGH SELL LOW
the Federal Reserve Note (USD) is backed by nothing you seething kike shill
>the Federal Reserve Note (USD) is backed by nothing
Oil you toothless fuck. The USD is backed by oil.
>you seething kike shill
Pic related.
>loses purchasing power every single year
are you sure that oil isn't snake oil?
...sigh, millennial math
there isn't a DIRECT conversion to barrels of oil and the US's ability to leverage currency against that asset. It's NOT a 1 to 1 conversion... OPEC isn't america's banker.
Subtle but very important thing to understand.
Yes oil purchasing power on international markets is what forces people to USE the US dollar.. but the fact that it's Fiat currency means you have to pay attention to the 22 trillion in US national debt and not "one" asset the currency is leveraged against-that-people-are-force-to-buy-in-USD.
>Be Trump
>Build 2 miles of fence
>Don't deport illegals
>Basically created the American version of the Great Leap Forward for American farmers
>Iran and North Korea calling his bluff daily
>China gives zero shits
>Sold his soul the the Jews
>Rapidly destroying economy
>More than $50 trillion in credit.
>loses purchasing power every single year
Who cares? We have $50 trillion to spend you stupid fuck. Once we're done with oil, we'll control the next major commodity. Be it solar power, or quantum computers. We'll control it. We'll make the world trade with us to get dollars to buy the next big commodity after oil.
>Go fix your teeth before you speak you cunt.
fucking millennials are to retarded to bother learning about their currency--they just want to blather on about the thing they red on reddit but never actually understood.
It's linked to oil but it's still fiat currency. DEBT is also valuable not just oil retard.
good work boomer--you're so unique
i can't wait for magapedes to all be laid off
>user is millenial
>Doesn't understand that U.S. is a debt based economy
user, everyone can see you're a halfwit. Just stop. Nothing good will come from you posting.
>U.S. doesn't really owe anyone since no one can make us pay up.
you will never be able to print enough paper to control Bitcoin
>you will never be able to print enough paper to control Bitcoin
Firstly, no one cares about a stupid island with no political/military power. Secondly, Bitcoin is worth only as much as the stuff that is traded using Bitcoin. Dollar is used to trade oil. Bitcoin is used to trade drugs.
>Bitcoin is overvalued by dumb cunts like you who don't understand Finance 101.
In regards to the shilling on Gold and Silver, they too are also fradulant instruments since the banks are selling 10x, now 50x and soon 200x of the world's supply, allowing the jews to float its value at whereever they want it to be. The problem is that the bullion shops never give you the gold, they give you a claim to an ounce of gold to whom 50 and soon 200 other people also lay claim to. Owning the physical metal also is a fools errand, because the price floats on that deception, not on the desirability of the metal, which has been owend by the incumbant banks.
This video smells clickbaity, but give it a few minutes to heat up, state their premises and conclusions, and I think you'll find them quite bullet proof: youtube.com
we're in for a bumpy ride
You are a brainlet.
>usd purchasing power continues to decrease
>bitcoin purchasing power continues to increase
are you familiar with gresham's law?
>You are a brainlet.
>No u.
Noice.
>Subjective assessment of monetary instruments.
Noice
>No arguments
Noice.
>No teeth.
Noice.
>are you familiar with gresham's law?
>Sir Thomas Gresham
No one cares about a has been from Britain.
>Doesn't understand that U.S. is a debt based economy
clearly you don't know what Fiat currency is
>U.S. doesn't really owe anyone since no one can make us pay up.
Yes, the US owes the american people. Yes. the people could, if they had the wherewithal, crash the US dollar system in a few days.
>a decentralized immutable ledger is not valuable
>a deflationary currency has no value
>a digital, secure peer-to-peer currency has no value
You are either a useful idiot or a government shill. They fear cryptocurrency, because it cannot be devalued or confiscated by anyone. It's beyond any institution's control, that is it's beauty.
within the first two minutes it's obvious that these fucktards have no clue. why are you shilling your shitty podcast here faggot?
>They fear cryptocurrency, because it cannot be devalued or confiscated by anyone. It's beyond any institution's control, that is it's beauty.
Tch tch. You poor man. You've never heard of the 51% attack? Control more than 50% of the nodes and you can control the ledger.
>Dumb fucks like you don't deserve to be U.S. citizens.
medium.com
>Yes. the people could, if they had the wherewithal, crash the US dollar system in a few days.
>if they had the wherewithal,
>if they had the wherewithal,
Just stop user. I hope you're using VPN and not really an American. Your lack of intelligence is abysmal. I'm embarrassed to share this great land with you.
..tell me more how asset leveraging and currency type are interchangeable?
You're repeating the same retardation (opec opec opec)--and it's fun watching you ooze out your idiotic reddit understanding of the petrodollar
I bought XRP in February and if I took it now I have made a 60% profit in 4 months.
>..tell me more how asset leveraging and currency type are interchangeable?
Why? It won't make you any less stupid than you are now.
>-and it's fun watching you ooze out your idiotic reddit understanding of the petrodollar
Glad to provide Monday night entertainment to retards user. My pleasure.
Bitcoin is actually undervalued the price should be at 60k usd now.
It will be in less than two years tough.