Idk if my fellow /biz/eaelis have noticed, but the US economy is failing a la 2008 and 1/10 of the posters here have 7 figures in unrealized gainz. You might think these people are larping, and sure some are, but many of these 30-year-old youngfag boomers are legit and just can't resist showing off their 'portfolios' (GameStop stocks, crypto shit). These guys are all feeling rich, but they are going to be shocked when a cheeseburger costs them $59.99+tax+tip+convenience fee+hazard pay fee (food convoy delivered under gunfire). Even gold has done a loop-de-loop in the last year or two, which I'm thinking is NOTICEABLE if not CONCERNING. There are more than a few hot wars burning across the planet rn, censorship is worse than ever, the goyim can't even tell what's true and what isn't anymore because they've all been successfully gaslit by COVID (still unvaxxed, enjoy your myocarditis) and AI lies to them when they ask it to confirm their biases. Look outside! How many homeless people have you seen in the last week? Is it more than this time last year? All I'm saying is something is happening. It's as though every bird on the planet flew south and the news didn't cover it. If you have good credit, I think now is the time to buy some land. Thoughts?
>>60998935You're posting a picture of Weimar because you know what's happening, and the 1/10, along with another 5/10 (that are 6 figs and below) understand what's happening also, to an extent. If you're still focusing on the dollars or euros or whatever you're missing the point. That picture you posted should wake people up to what's actually valuable. What do you actually want to own in this environment? Guy in 1923 goes to the store with a wheelbarrow of Marks and he goes inside to negotiate and parks it outside while he does. He comes back out and somebody have stolen the wheelbarrow and the Cash is on the ground. OPEN YOUR MIND! If you are not cashing out right now, into a physical asset, you are FAILING to grasp what's happening. Shit is hitting the fan, everywhere. It will be bad in China, and in the east, and Europe, and in Africa, and in South America, and especially in the United States... Crypto is worthless! Interest rates are going up, not down. Houses don't work as piggy banks when interest rates are going up. Businesses don't make a profit when everybody needs low interest rates to function and get their nails done or buy shoes or whatever.
>>60998985Based knower.
>>60999011checked
>>60998935
>>60998985I calculated that it cost me 1 gram of gold to order a cheeseburger yesterday, hence the post and example. I don't know much but that doesn't seem appropriate!
>>60999047yeah turns out there will be a collapse because I just had a bunch of shit happen this week with orders being cancelled and literally 5 digits of business being lost in a way i've never experienced, and it's because the mortgage rates went up after the Fed cut rates.
>>60999055You paid $120 for a cheeseburger?
>>60998985>stocks are going to be worth 0>cash is going to be worth zero>houses are going to be worth 0>high interest rates mean people will take out infinite loans and send the dollar to zeroNigga what the fuck are you even saying?Could you schizos at least do some basic arithmetic on your logic?
>>60999063>>60999082You panicfags like this has never happened before
>>60999082I was about to explain the reason interest rates are going up but I'm not doing that. Look basically interest rates are going up, and the reason everything is expensive right now is because of DEBT. People borrowed 2 mil, 3 mil, 100 million to buy stupid fucking shit. Stuff that doesnt even have value.. ever wonder why? The reason is that the money is free. NOT JUST the interest rate being 0, like people think... but because of inflation, people don't have to actually repay the 2,3 or 100 million with dollars or euros that are hard to get like they were when they borrowed them, but EASY dollars and EASY euros. The problem is that this inflation was based on credit, not just printing and monetization. People misunderstand what's happening and they've bought a bunch of bullshit because they figured it didnt matter as long as it's free. Well it does matter now, because interest rates are going to go up. Even as they print fuckloads of dollars, the way they do that is by borrowing the money into existence, and causing the interest rate to rise by crushing the existing bonds to crash. So just focus here: We are in a kind of RESET. This is like a forest fire, there WILL be a forest which will use all this ash, and all the nutrients of this forest fire debris to grow into something fantastic, but right now these OLD ASS trees that think they understand things DONT. The West has fucked itself ironically by trying to play a very, very old game that they should never have introduced into play. Houses have value. They are shelter. Cash CAN go to zero if you print so much of it that nobody can use it. If nobody can literally pull off a transaction and then hang onto the cash for any reasonable amount of time (even a week) before it devalues on them, they will stop using it. In Weimar Republic, Hungary, Venezuela, people would literally sprint to spend the money they just got handed because it was losing value so fast.
>>60999224A large cheeseburger is $33 and you bought 3 of them. Okay i mean what the fuck but I just spent $70 euros on dinner in Paris tonight and people make $2000 euros a month here so god bless America or whatever.>>60999082And Stocks are % ownership of businesses... but these mega corporations have to obey the law, they need stability, they need low interest rates generally (very few businesses are doing better with them going higher, but some are, like gold mining companies). There is a reason we are seeing fewer public companies and IPO's. There's a reason people are winding things down; the US government is going to make doing business as a U.S. Corporation fucking impossible. The bigger you are, the harder it will be to actually pull a profit. Don't believe me? It will be the opposite of this period since 1980 where we saw the government create this huge monopolies and give the gift of low interest rates. Now we will have price controls, rent freezing, the government will have oversight of everything etc etc. Trust me you do not want to be a shareholder in the USA of US companies, not just because of the risk of the currency, which most people think is what i'm talking about. They think they can just raise prices, and they were right, until they were wrong. These interest rates are going to change everything, they are going higher. You need to get OUT OF THE DOLLAR. People are going to wake up soon we are running out of time you gotta get into real assets and you need to actually re-orient your brain away from the dollar as a yardstick of value.
>>60999260>but I just spent $70 euros on dinner in Paris tonight and people make $2000 euros a month here so god bless America or whatever.That's the average price of rent in my area of a small rural city
>>609992602000€ is like the minimum wage, not the average
>>60999288People here make 4000-6000 euros a month at 'jobs' in their 'careers' but then the taxes are 45-60% and then you have the VAT of course. But in terms of after tax income i think around 500 euros a week, which is more than the minimum wage, is standard.
I’m selling all my crypto. Is it even worth keeping an IRA?
>>60999228>>60999260Interest rates going higher means a shortage of dollars, people won't lend because there's too much future risk or because they can get a better return somewhere else other than bonds. The dollar is going up in value.
>>60999501The dollar is going to go down in value but it will be harder to acquire dollars because it's stagflation. That's how we break society by the way that's why the political risk is going to be off the charts.
>>60999300My fellow American N-word, 45%-60% are for top earners. You can still deduct the VAT tax and get Tax returns. Go back to your jungle Amerimutt.
>>60999550I'm not American I don't pay taxes, i'm just in Paris hanging out for a few months i do this every year.
I can only trust on Jesus. I am standing on the promises of God.
>>60999659well he specifically created money that literally requires a supernova to arrive into creation and participating in this paper currency game which is impoverishing people on the basis of their ignorance is literally immoral. Now that you've been told that you can't escape that fact. Good luck anon and vaya con dios.
>>60999605What's nice about Paris? What do you tell people when they ask what you're doing there? "Hanging out" gets weird looks.
It happens over and over throughout history, I don’t think we can even stop it, it’s just our nature….but I’m not sure if anyone in the past has known what the new system will be after they completely debase their currency…this time around we know it will be blockchain
>>60999669You think I didn't know thag already
>>60999796Paris is phenomenal in architecture and layout. The instagram problems where it's dirty and the homeless... yeah even in the nice areas you come across it but the actual city itself, the businesses and the way people conduct themselves is still overwhelmingly positive in the nice areas. That will change with the coming economic trouble so i'm enjoying it now. Moscow is by far one of the most superb cities in the world, it is enormous, clean, safe (safer than most western cities now) and the metro is famous. Paris and Moscow (and St Peters) share a lot of elements because the Russians did have an affinity (and still do) for all things French, and that extended to the city planning and design. Paris is smaller, but it's not overrated because you can actually live in this city. The economy is not tourism despite being the first tourist destination worldwide (84M+ annual). If you're also a french person, you appreciate the ancient city and 1500+ year old churches and monuments to armies that ravaged Europe in a different way as well. I mentioned Moscow because I do find it's a city that is far better run and functions better, and I personally feel that if Paris is dethroned by a city in Europe, it's Moscow.
>>60999975Thanks for the reply
>>60998935Bump so bitshit niggers have to continue looking at this thread.
>>60999224>Dasher: Sandeep F
Go back to /pol/ you faggot fucking loser>muh happening>muh this>muh thatShut the fuck up. Buy, or keep your dick in your hands you 23 year old homo.
>>60998935>hey maybe those guys stacking fat stacks of crypto for years were onto something..yeh, we know.>>61000331kek
Gamestop is the hedge. It's knowing about VW in 2008 before it happened.
>>60998985why would houses be worth 0 exactly? i mean except maybe the overprice millions $ houses in some areas but a house is as good of an investment as pm imo.I think stocks will collapse too in catastrophic scenario with many business and large corpos shutting down so the only refuges are PMs and real estate (not overprice RE), land. Crypto is a gamble but it might profit from a total meltdown
>>60998935the american dream is leaving america...other econimes have much greater roi. im visiting africa 1/4 of labor will be black by 2050. they are already born, minerals and geopolitical shift. africa baby.
>>61001888GameStop had it's VW moment five years ago you fucking loser. I made a load of money off of it and you are holding my bags lmao
>>60998935>a la 2008Dunno about that. But US has demographic and debt problems. I am not sure about demographics, but at least for the debt there is really only one path I can see the US gov taking - inflating the debt away.
>>60998935pls stop i'm gonna cum so fucking hard
>>60998959>i'm le knower and crypto was made by le power that be>i am very intelligentWe will dismantle the state over the next decades with privately produced currencies and there's NOTHING you can do about it
>>60998959so a poorfag no coiner larps as an all mighty knower. what if I use crypto to buy tangibles? if crypto is so certain to go up then why aren't you making money off of it in the first place? nothing ever happens
>>60999224Lmao, Sandeep, your doordash driver probably got shit all over your food. Who the fuck thinks ordering doordash is a rational thing to do?
>>60998935>He doesn't realize that this has been going on since 2008. We never recovered from 2008. What you're seeing happen right now is what SHOULD have happened 17 years ago but it didn't They can't QE their way out of this shit anymore.
>>61003894>We never recovered from 2008Yeah, the entire "bull market" is nothing but inflation
>>61003937Just post prices valued in PMs
>>60998959You know that stonks are basically production, machines, tools, space to store those things etc? Cigarett making company > owning cigarettes.
That's why I'm going to hold GME. The amount of naked shorting on that is insane, when this market eventually implodes, GME will spike, i will cash out my shares and then put it into Gold or crypto or whatever else.
>>60998935America *is* an undeveloping country.
>>60999224Sandeep did the needful in your food saar
>>60998935I feel like being in the stock market at the moment, at least in S&P500 index funds, is like picking up pennies in front of a train. There are few gains to be made and an impending drop on the horizon. Never forget the yield curve inversion/ uninversion has predicted almost all of the past recessions. And once it uninverts one happens within the following 1 - 2 years. This lines up very well with where we are at right now. I’m not sure what the event will be, probably the AI bubble bursting, but we will go down.
>>60999224good job doxxing yourself you fucking imbecileyou're lucky 4chan is a far cry from what it once was and that nobody will actualy fuck with you despite your utter retardation
here is an old british guy talking about it.He says this time its not the banks that will need the be bailed out, it will be countries, and no one is there to bail out countries, but the one way to get out of it historically is war.https://www.youtube.com/watch?v=IS2n5WicoRoHave fun dying for israel zoomers
>>60998935I’m one of those 10%ers, and there are plenty of us here because /biz/ has been on the frontlines of crypto since the beginning. You’ve got a skewed sample. Most people I know went into debt for overpriced real estate that’s going to implode once boomers start dying off. The only real bubble is housing, kept alive by government intervention because it’s the designated store of value for midwit Westerners.And where do you think all that COVID gravy money went? Absolute brainlets got handed billions and spent it on chicken nuggets and Nikes. Corporations hoarded the profits, and investors recycled them into markets. That’s why portfolios exploded. Asset holders absorbed the entire pump while consumers got nothing but higher prices.
>>61009355That said, there won’t be a collapse in the US because the age pyramid is still healthy. Look at the absolute state of Europe.You can summarize the entire economy, assuming a functional capitalist system, by demographics. It is the only thing that matters.Take China. They will probably thrive for the next 50 years, maybe the only window that matters before robotics take over and humanity gets reduced to a handful of lucky ones commanding the stars.
>>60998935jokes on u, i fucked off from the west and moved to SEA. i eat rice and noodles with meat for 2-3 bucks delivered to my door. while piping tight snatch.
>>61008860bro has got a comfy windows 7 setup in the backgruond. he is totes playing alpha centauri and jagged alliance 2 during work
You guys are so painfully stupid. It's now obvious to me why listening to you over the last 4~ or so years has not made me rich.>>61000337based
>>61001888CheckedBasedTrue
>>60999228>Houses have value. They are shelter.whats the value of those houses in detroit?i do believe its possible to even have negative values on real estate if backtaxes are included in the sale
>>60998935all of this doomer bullshit really reminds me of 2010back then people were whiplashed by what happened in the gfc that they didnt even realize there was a crash until october 2008 but which time the majority of it was overthen during the bottom everyone called for the apocalypse to happen and in 2010 when recovery was underway everyone was a bear and moaning over how they cant afford shitexact same thing here, 2022 the market cracked, 2023-24 was the recession, now we are in the recovery phasethe biden admin lied about the numbers and printed a lot of money so the stock prices dont look like a crash but thats it the real economy was in a recessionand guess what the bad times end and recovery begins and its the start of the new cycle we gongo up for a good whilewe are not at the cusp of a giant downturn, ai isnt in a bubble and you will be left behind
>>61002095Retard alert if you don't think GameStop will squeeze again
>>61003011This. I'm using crypto to buy physical assets.
>>61009371>Us has healthy demographicshahaha
