CURRENT FINANCE/ECON THREAD: SHEKEL SHUTDOWN EDITION

Bet Against The Dollar.
Be Your Own Central Bank.

...

You too?

You're fucked.

Hello, we understand that you have gibs?

All the liberal news sites are spinning the record growth in the stock market as a bubble.

Address?

Things either need to completely collapse or get better anything but this mediocraty

Look, if Jews had complete control over everything our cause would be hopeless.

Best thing for the market would be an impeachment followed by a "Pence Pop" due tax cuts and "less drama". Forget about the manufacturing and wall construction jobs Trump keeps talking about.

usatoday.com/story/money/markets/2017/05/21/stocks-trump-forced-out/101881580/

I'd feel like a cunt asking for gibs so find a good charity or struggling white family instead

BUY MORE ETH

My money is mostly tied up in cash and precious metals: gold, silver, and lead.

Betting on drug addiction and payday loans doesn't seem so brazen.

That’s an example of really good accuracy. No hits on the white parts? That’s on PURPOSE.

Why not invested in tools?
So shit hits the fan and you have money now.
And something breaks.

What do you do?

Walk to someone with tools and skills to give them your reserves so they can fix your shit.

cut one of my mercury dimes in half, use it to buy my neighbor's wife, barter her to the highest bidder for tools. I don't see the problem user.

Why would anyone sell tools, the one thing that truly elevated us from animal to high human, for that?

You could have any woman pay you with her body if you have the tools and the skills to use them.
Will you have the skills at the point where you buy them when SHTF?

You should start now.

...

you mean the shooter could be a racist ?!?

that's the joke.

clearly you haven't seen my neighbors wife.
I got the skills, and the tools. Where do you think I'll be getting those mercury dimes?

Your 100k will end up as a melted puddle of carbon fiber. You're better off getting a V12 BMW. But get an old one because new German cars are made of recycled plastic. Including parts essential to engine function. Really though, the only racing a Lambo will do off the track is seeing whether it catches fire or has the oil pan ripped off by a curled up segment of road first. Don't fall for the supercar meme.

sage for /o/faggotry.

Biggest reason for dip I can see upcoming is the upcoming decision as to how to scale the network. If there's rumors of a hard fork, it might drive prices down or scare some people off. I'd still invest in Ethereum anyway, seeing as Bitcoin is not so well adopted now as to preclude Ethereum support as well. It has far more inherent value than Bitcoin as well; dapps and smart contracts have not seen their full potential yet. In the far future I see it passing Bitcoin in price.

I've seen enough videos of oil princes fucking up their supercars to know that a Lambo is not for everyone.

God damn it, just burst already. I am getting major blue balls from this waiting. I want to see nigs nogging

SEPTEMBER

I don't envy Lambo guys at all. Either they're retards who are going to destroy it before they hit 100 miles, or they put a superhuman amount of work into owning and keeping it. I struggle just to keep a moderately upscale Euro car.

relax, m8. It's just a fucking meme

Aye, that's true. Although bitcoin still has first mover advantage and more name recognition. I should invest in ETH too, but it's certainly more volatile and risky either way.

Can't wait for this bubble to pop. I'm gonna be trading 1000 rounds of 5.56 for people's fucking houses.

in twenty six days the precious metals market rigging will be broken apparently. When that happens the system will shatter.

12Lt7FeLgvPPJ7KaJiwNewuGcnWQCXRcPu

I'm ready for it. I know that we typically frown upon demoralization on Holla Forums, but I just can't take my own personal life anymore. People I know are leaving me, one by one. I'm ready for whatever is going to happen to finally happen. My father has passed away, and I did finally feel love for at least a short time. Most importantly, I'm half excited to see what tomorrow holds. Polite sage for offtopic and depressing shit.

No. Eth is scam. Get out. Go with Monero.

investing in rare pepes is the best long term financial plan.

I see your buttcoin value is stagnating a little bit.
Gotta push it even higher, eh?
And what you said is nothing new, all economists are predicting this for 3 years now.
Lastly, recessions happen in november due to the end of the 3rd quarter. It won't happen now.

what are you a ignorant nigger?
(((They))) would love nothing more to control the Internet entirely and make it only useful for purchases and banking

This is likely what they really want to do but it is a very risky play.

most underrated post in this thread
Short that motherfucker; guaranteed to triple your fucking investment.

Agreed.

The problem with using an economic crash to harm your host is that it could switch into "fuck the bankers" rather than whatever their presented enemy is like in the good ol days.

That's why its a risky play.

what about June 21?

youtube.com/results?search_query=june 21 collapse

Cryptos are about the dumbest thing you can do, do you not realize it's literally just fiat currency like all other paper money? It doesn't exist, you can't hold it, it has no valuable social or survival uses, it's just based on faith and speculation.

Shitcoin spiked recently but do you not remember how ridiculously unstable it was from like 2012-2016? People lost their ass overnight on it constantly, people who thought they were millionaires instantly when it went crazy in 2013 couldn't actually move it into cash or anything tangible that easily and a lot of them sat on it thinking they'd get richer, than it shit the bed again. This cycle won't end and if you farm some new crypto in the end you're just spiking your electric bills for an extremely remote chance at some kind of success.

And, again, just because you get a theoretical value in a crypto, you have to actually be capable of getting OUT of that crypto and into real…something…that's going to require time, connections, functioning tech, internet and electricity. The fact you are banking (smartly) on guns, ammo, precious metals and property is completely contradictory to the concept of cryptos.

They're all shit and work on fiat principle, a complete scam concept invented by some fucking Jap and that is now being absolutely invaded and manipulated by the kikes and also the Chinese government.

The world change rapidly into a high tech bubble and it will change back just as rapidly before you can blink your eyes. Guns, ammo, milsurp gear, storable food and water, MEDICAL SUPPLIES.

Hell, you want some really smart investments for the bad times? Look into buying a mill, lathe, high quality drill press, grinders, etc. Set up a workshop that will let you be self-sufficient with wood and metal working. The entire world can and will return to a state in which you have nothing and nobody to rely on but yourself and your immediate family (maybe), you better seriously know how to woodwork, metalwork, hunt, fish, know edible plants, know how to garden and farm, learn how to reload ammo, learn gunsmithing, learn mechanics. This is what will keep you alive, not the fucking Jew shitcoin that will be useless as soon as your local electrical transformers get destroyed and you can't even turn your PC on or charge your tablet.

I'm not trying to be a dick I'm just trying to steer you away from the dumbest con artist scam of the new century, the types of people speculating in cryptos are the same kind of people who are moronic gambling addicts that can't walk away from the roulette wheel. Don't say nobody warned you.

It's super fucking risky with Trump there. He can and would say 'it's the fucking bankers, they have to go' and that would be the end of it.

I agree, but I put a small amount of cash into them a long time ago, and have made massive gains. If it ever goes to 0, I've lost little, and diversification could yield huge results.

But I agree that the priority for me is guns, training, skills and precious metals.

If I were in a bad situation (like, say, if I were in Venezuela) and had the choice to pay for something in litecoin or silver, I'd get rid of the litecoin first. Hence, cryptos are les valuable, even if you can currently trade them for more FIAT.

Fact is that everyone in the West wants to be rich for nothing right now (which is a jewish value btw). I don't mind waiting for a long lasting payoff when I really need it (when SHTF) than being FIAT rich right now.

Correct. And given that his supporters would be more than happy to lynch bankers, it could turn belly up for the Deep State very quickly. What is Antifa going to do, form safety cordons around the Goldman Sachs building?

pic unrelated

and yet theres been a good amount of job growth both q1 and q2

.. but anyway…

wew. Im temped to short tech too thats a huge gamble.

my bosch would break her hips if Im not careful

It's only a gamble within what timeframe to short. The central bank could keep this insanity going for years.

Shorting Tesla is probably the safest bet. They sold 70,000 cars last year, and have a higher market cap than GM and BMW combined, which sold over 10 million in the same time frame.

So you realize that tools are so important that you'd sell a person for some…
And that is somehow an argument against investing in them rather than investing in metal or whatever?

Your argument should make anyone invest in tools even harder now.

Fuck me. I just wanted to be a mailman.

You dont know shit. Cryptos are much more than just acting as a currency, it is the technology behind it which make huge leaps in the way we use technology. Bitcoin is going down because it has huge problems, like the time it takes to do a transaction, the cost of it etc. But other, better, cryptos are going to replace it. Ethereum is the one with the best prospects right now and investing there would be a smart choice. Many many corporations have begun realizing it's value, among them Microsoft, Intel, Samsung, JP Morgan etc.

Cashing out is already available. The real hassle of course is avoding taxes, in some countries (Denmark for example) they dont taxe it at all but the shit-whole where I live taxe it up to 33%.

Granted, if you think this next crisis will be so severe we'll reverse back to Africa-levels, then cryptos wont do any good. But if it's "only" a financial crisis then it would be smart to invest in ethereum.

i remember all the threads about trying and failing to cash out of bitcoin during the first spike
can you nowadays cash out and where of a sizeable position say 100k easily or are we going to see mtgox 2.0 electric bogalo
of course trusting your shekels with something called magic the gathering online exchange isn't pretty smart to begin with

I was going to say the same. I started reading about this stuff a couple of years ago and people were saying exactly the same thing about cheap shipping indicating an immanent recession.

I'm sure there will be another crash, but predictions of an imminent one are very probably false

Are you denying that there was also an eage in the cage, goy?

No, I don't. All the people you spoke of as "losing money" only did so because they panic-sold their coin, rather than holding like they should. If they did that, they'd all be millionaires.

So just like fiat and metal? And don't even give me that "w-well gold can be used in electronics!" shit. The value of gold came from the fact that it was rare and didn't degrade. Bitcoin is essentially digital gold
And unlike fiat currency, you will actually be able to use bitcoin after a theoretical SHTF event, No central power can mean anything can take it down. In fact, as the economy collapses, cryptos will only go UP in value as people begin liquidating their fiat accounts to preserve as much value in bitcoin as possible

The issue with mtgox was that they were just a fucking designed for trading pokemon cards that people started using for crypto, and the owners said "eh, fuck it, we bitcoin now" despite having zero experience with money changing. Their infrastructure was complete dogshit and just waiting to be hacked.

The only lesson to be learned from mtgox is that you shouldn't keep your money in exchanges as if they are real bank accounts. Money should only be kept there temporarily during trades. Not stored permanently. Your funds should be stored in a local wallet.

that is the general problem with mtgox
but i was refering specifically to the last 4 weeks during the first major bitcoin spike
if you tried selling your bitcoins they would take your bitcoins and say lol in maybe 2 weeks you get your shekels
of course the shekels never came and then they got (((hacked))) very convenient

when everybody says bitcoin is secure it is between bitcoin transactions but are there today trustworthy exchanges where this shit will not fly, because going back into cash seems to be the major issue
i haven't followed it that closely recently, but i repeat my question is there an exchange were large quantities of cash can be extracted and no i don't mean any of the 500 three week old chinese exchanges cause they have scam written al over them

to put this in perspective the most known and trusted site in europe cex.io
does 3:1 margin trading thats already suspicious
they have a 15% spread on buy/sell also farily high
and their market depth is crap showing completed deals in the range of several 100's dollars

coinbase worked for me. Got it out in under a week once the hoops were jumped through.

Why invest in ether now… It's already hard forked which shows they are willing to do it invest in ether classic, same concept but kept the original chain. More inherent value in an unchangeable permanent record. Plus you can STILL mine ether classic at an efficient manner and it has also been following an upward trend like normal ethereum

So you say but the majority of developers and companies still pick Ethereum over Classic. It's possible it could change, but I doubt it.

Of course they will. Until ether assrapes them with another hard fork when their competitor jew hard enough about their lost shekels

I hit submit too early, I'd use ether as a way to earn a quick short term profit and roll a percent into ether classic now. Ether will. Probably hit up to bitcoins highest value so far (I don't see it surpassing it) which means only a potential 10* increase if you start now. Etherclassic has quite a lot of room to grow. And like I said still easyish (relative) to mine full coins, which means muuuuch greater potential profit when the inevitable hard fork happens

daily reminder that crypto currencies can be declared illegal and disappear overnight

Hello, Sirs. I have an excess of melanin and am therefore entitled to your wealth. Gibs me.

GIBS ME DAT NAO

Here is what will happen with cryptos. A jew company will come out with one that they can control. It will start with no real name needed, no phone number needed etc. All the tech websites and TED talk faggots will shill it harder than they have ever shilled bitcoin by a factor of 100. At first it's just hipster coders using it but before you know it your mom is using shoahshekle(tm) too. People adopt it at the same rate as say……gmail. Jews slowly start requiring you use your real name, phone number, address etc. etc. Then it's "Ooops goy we saw that you purchased "The Turner Diaries" from Amazon Books and later 3000 rounds of ammunition from Buds ammo depo. A report has been filed with the FBI. Never forget :^)"

The market IS overdue for a bust. It should have shemitah'd in 2015, but it didn't. The kikes were pushing it off with bandaids and prayers.

However, timing that bust is the catch, ain't it? Markets can go tits-up in a span of hours.

By the way, tech HAS been overvalued, and everyone and their mother knows it has been, and the recent tech shit is a correction, which is healthy. THAT is not going to be the trigger for the financial apocalypse. There's also the factor that Trump is a /biz/nessman and knows his shit, and he doesn't want the market tanking on his watch. He could prevent whatever hot potato the kikes tossed to him from exploding in his hands.

If they get control over the entire Internet, not being able to use bitcoins will be the least of our concern
at that point not even gold will help you. only guns and friends

you can see the augustus 2015 marketcrash in the Op graph
at that time we did not have any idea how long they could kick the can down the road
appearently now that answer is about 2 years
either we will see a happening or the jewish lighting tricks are soon gonna have to be turned up to 11

demurrage is why bitcoin has value.
cost of transaction is almost zero regardless of the distance of amount transacted, unlike gold or other commodities. Sure gold is great face to face but try trading with people far away, gold gets expensive and risky.

Let's say we get another 2000 or 2008. There isn't gonna be a gassing, much as I would wish. Market turns a bit shitty, bunch of jobs are lost. Big deal? There's no reason it would be apocalypse level bad. Please correct if I am wrong.

It's literally nothing.

Uh… look into what happened to Cyprus when their economy crashed

2008 was an inch away from total banking failure acros the globe as tptb did not fully understand counter party risk
this means in common peoples lives all credit cards would stop working as the debt scheme collapses from bank to bank, coupled with niggers losing ebt cards happening chances are high
btw this was only very narrowly evaded in 2008 by last minute massive backstopping by the fed

if a 2008 event were to be repeated today, the EU would fall
nothing can stop that it will start in italy or spain most of their big banks will fail, there balance sheets are terrible even today when things are going 'great' after that banks in the core eu countries will get worse, the amount of money to stop this is something that will even pause the ecb
unlike talking heads rethoric on tv we know in the past around 2010 at least both the netherlands and germoney were ready to start printing gulden and D mark abandoning the euro
thanks to dijselbloem who could not keep his mouth shut in front of cameras
what you have then is the single largest economy (UK still included to date for gdp) halting overnight, that will have large repercusions
then you are looking at a 1929 event were global trade would halt to very limited quantities
unlike in 1929 EU domestic production of essentials is low so chaos will follow

maybe they will pull another jewish trick out of their hats at the last minute but even then market confidence will evaporate
for burgers you will have several weeks to months when the rest of the world starts to collapse but you guys are ok outside of chimpcentrals
that is a moment deals can be made, but it will catch up with you eventually

In 2008 most people still had jobs, we already have over half the working population without jobs, a financial collapse would cause that to spike up to 80-90% jobless, the U.S. would fall into chaos and only a literally hitler would be able to fix it.

Buy guns, ammo, food, seeds, download the entirety of wikipedia to a home server, and get ready to start your own manufacturing operations.

I could have bought a new car and been grocery shopping at Whole Foods for the last 6 years instead. Itll probably all collapse when im 70 years old and I wont even care.

if it doesnt happen by the time im 40, im donating all my gear and supplies to a 20 year old happeningfag and an heroing.

Could.
However, that would have to mean also destroying every country where cryptocoins are legal. They would need a one world government for that.

Does that mean the price of precious metals goes up or down in 26 days?

no need to complicate things with a server; it can works on the fly in reading mode; pre-indexed torrents are the best way:

wiki.kiwix.org/wiki/Special:MyLanguage/Main_Page

there is even a version of en.wiki without images, which is much smaller:

wiki.kiwix.org/wiki/Content_in_all_languages

if you want to fork and start your own wiki, you'll need a lot of patience:

en.wikipedia.org/wiki/Wikipedia:FAQ/Forking

kek. Ethereum is controlled by wallstreet, you're a fool if you use that in any way as a hedge against a financial crisis.

Sorry to say but they will keep the economy propped up as long as it takes to slowly destroy anyone who can think critically. It's very clear that they can just keep the show going and have for a long time.

yes Ive come to realize that. The kikes can just keep everyone wage/debt slaving and keep printing money for shit…maybe decades before there is so much money floating around we will have to go to a cashless society in the name of (((security))) and then all it takes if for a geoup to Tyler Durden the grid and chimpouts will engulf the world.

what hobby?

It's not that hard to do.
Unencrypted HTTP traffic will only be allowed on major networks because encryption is used by terrorists that have been imported to host countries.
All traffic will be inspected, all text will be recorded, and all images and videos will be dissected by Google AI.

Shorting the euro is an even safer bet.

Nice try Chaim

tell me this is not a scripted and totally preventable scam

-99.48%

kek

Then you have work to do. First is, becoming debt free if that's an issue.

Sure there is, the amount of transactions.

Weeks? No, I see it continue to limp along but this Fall is another story.

Most currency is already digital. The banks already create digital credit with no oversight.

This is an important distinction that many fail to make. Maybe I am naive, but I would say unless there is a massive solar storm knocking out the grid, which is like a ~1% fucking possibility every year you won't likely need to go Mad Max to survive.

GCR/RV.

By Fall it will all Fall and people will finally understand the difference between money and currency.

People have been talking about GCR for years now. I don't purport to know what will win out, I'm merely confident in the collapse of the euro.

Treasury Reserve Note as new World Reserve Currency?
USA LLC defaults and becomes a Rebublic?
All speculation, but only hopes that America will still be first at the table.

My coinbase allows me to cash out 50kUSD PER bank account. I have 3 linked as i have ~80k in crypto

Also
bitpremier.com/9-yachts-and-watercraft/1443-wybac-yachts

right, what im talking about is cash being destroyed and outlawed, and the reason the kikes will state is it being used for illegal trade. There is already some talk amound banking jews to go 100% cashless.

Always a possibility.

If every transaction is recorded, even for a coffee, taxes can be applied in a totally automated way; no need for accountants, no errors, no fines, no tax evasion (difficult, ok, but think about it for a second); taxes themselves could be much lower, and changed every day according to needs.

If you have a clean record of transactions, and an idea for a business, asking for a loan will be easy, with the repayment plan extremely flexible.

Big corporations won't be able to hide in offshore financial heavens since we'll know exactly what they've paid for the Chinese worker or for the minerals they bough in South Africa. We'll know instantly if a new product is selling or not: no more tricks to pump stocks for no reason.

Obviously a country going crypto will declare the idiotic shitcoins illegal, and then it will premine a brand new national currency. Or maybe 3 different currencies, or just different type of wallets:
-one working as pocket money, with a low security level (PIN).
-one with a double security (PIN+fingerprint authentication) for stuff like paying a dentist or an insurance.
-one with a triple level of security for investments, loans, divorces, inheritance to family members etc.

As much as i love crypto, i cant see kikes letting us have that without bloodshed

EAT THE PAIN

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Manipulation in the metals market keeps gold and silver trading at artificially low prices, an end to the rigging as wrote would imply that prices would go up significantly.

The manipulation is obvious, the recent news about the CFTC is true, and the conclusion that prices will go up if the manipulation stops is valid. However, people have been saying metals are "about to break out" for a long time; it's right around the corner but we just haven't reached the corner yet. I don't believe the manipulation will end this month, and if it does it will be just one part of this economic collapse scenario that has been predicted. If it were to happen before the collapse of stocks/bonds/real estate it would be immediately before. Gold and silver are unfortunately unlikely to soar in price until things are quite obviously breaking down and the collapse is well under way. The bright side is that they will likely never be as cheap as they are now until our technology develops beyond the need for them, efficient asteroid/exoplanet mining, or a way to create those metals "from scratch" without the insane cost. The only scenario in which the price goes down from here is if the market is slammed with naked shorts (the manipulation being described, was going to post a pic but it's already here 8ch.net/pol/res/10040623.html#10041566) again in an attempt to stop the price from mooning, if that happens you should buy as much as you can.

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Hi Greg

Dude it's not that serious. If it doesn't happen by the time you are 40 just sell your metals during the next bull run and spend your fiat on something "nice" like organic bananas and a luxury car you don't need.

What else is it supposed to do? Your only job is to store it until the time comes to exchange it.

Such pleasantries. Much needed in this eco/user

Tesla is a story stock. It's dangerous to short story stocks because the price goes down only when normies no longer believe in the story.

That's why they've flooded popular culture with non-issues like faggots, trannys, and whatever flavour of identity politics you can find. It's mainly to divide and conquer the goyim such that we can't come together to do anything to the banks. Look at what happened to Occupy Wall Street, it basically got drowned out by special snowflakes that wanted to make it about other issues.