What will they use it on when the storm settles?
coindesk.com
What will they use it on when the storm settles?
coindesk.com
the irony is the dollar is getting wrecked by QE, you just don't immediately see it.
Bonds, equities, crypto, and PM all down. So far only real estate is holding its value, and that won't last when layoffs start.
Platinum
>everybody is going into cash
>fed is about to hyperinflate the economy.
but... someone is buying!
nothing, cause it will be worthless in about two weeks
Lol this (((pandemic))) will die out in one or two months, or by summer at the latest. By that time all the retarded boomers will fomo back in pumping everything.
This. I was sick for couple days with all the symptoms, but they were super mild.
It’s insane how much damage the mass media has done than the actual virus itself. I hate saying this because it makes me sound like an edgy doomer, but people really are fucking stupid.
Idk if cash will hyperinflate not like anyone has much of it.
The USD is going to become so big it will turn in to a black hole when everything else is down. BUY GOLD!!!!!!!
Dollar Milkshake Theory
youtube.com
most reits got hammered today
Is about to hyperinflate US economy
This is a very odd situation. On one hand we had a booming economy, with lowest unemployment... now we are going to ZERO interest rates, so you wont have any return on your cash and historically, housing prices are propped up by low interest. How can you have a housing bust and zero rates at the same time? Also debt and credit risk is at all time highs. Low rates ultimately hurt banks because they get lest return on their loans. This is a very very fucked up situation. Nothing ever like it before.
Ddx
Deflation always follows recessions, before being replaced by hyperinflation. It's unironically a good time to stock up on Bitcoin as it is deflated, along with precious metals.
the peak will be reached in three to four month
this here, is barely the beginning
This, really goes to show how easy it is to herd people
>already slowing down in Korea and China, the most infected by coronavirus
>lol it only just begun!
This is the exactly the type of retarded boomer I am talking about here
the dollar is currently deflationary, increasing in value, you just don't see it.
this nigga gets it.
cash is good for the immediate short-term only. in a falling market people rushed to liquidity but anyone who sits on that will get BTFO.
buy china
correct. all at once the NPC's will realize that the panic is over and the markets/assets are all massively underpriced, then they will overcorrect in the opposite direction.
Makes me wish we really did buy Greenland from the Dutch. Now when are we going to manifest destiny?
Cash is a terrible asset to hold at the moment. The fed just announced $1.5 trillion of it is going to be printed to “save the economy”. If there was an altcoin out there that announced they would be minting 1/10th of that for any reason it would go to zero overnight.
I was in a supermarket today, and some old bitch behind me was freaking out about the virus. "Oh my gawd, my mutha is 96 years old and in a nursing home and muh old people" it's like shut the fuck up REEEEEEEEEEEEEEEEE!!!!!
What do I do if Cashing out is stupid?. Everything else is going down. It seems like there is no winning play. I am literally about to dump all my crypto.
In the very short term (while everything is nosediving) it's okay. Longer term, you'll want to buy something that appreciates.
You go for the long play and buy the safe high dividend yield stocks
>5% mortality rate
>10% needing hospitalization as they can't breathe anymore
Yes the media is truly dumb, obviously it's not you who's retarded and can't understand data
>Oh my gawd, my mutha is 96 years old and in a nursing home and muh old people
She’s 100 years old just accept it and let her die ffs
There isnt really a winning play. Cash short term is not a bad idea, but you are probably too late for that one. Best bet is to buy discount LINK after SmartCon 0 gets cancelled for COVID19 and pray to money belly.
1929...same shit, huge debt and deflation
do you tho?
>believing anything the ((((((((media))))))))) has to say about anything
I hope you join the 5% you boomer fuck
there are 3000 deaths out of 1.5 billion people in china. the flu claimed 12k+ lives in the US last year... its just a fucken cold faggot.
I feel kind of retarded for not panic selling near the top, but I have $25,000 I've kept on the sidelines for a situation like this.
The dollar is going to pump short term but there's no logical sense for it to stay pumped since the fed is just printing money to pump the stock market artificially, this is going to just hyperinflate the dollar long term. People who cash out are going to look to cash back into something eventually.
Cash is still the best option if you have plans to get rid of it as soon as this levels out. Then dump it on the next index funds and walk away until retirement.
Fucking idiot... if this was as widespread as the cold or flu the death toll would be fucking astronomical. It shows no signs of stopping yet and is growing exponentially. That's where the fear is coming from.
Yes the media LOVES to crash the economy, rich people sure would love to lose money
I hope all your relatives survive but you die the most excruciating death by suffocation imaginable, goddamn retard
Fucking nigger the flu has a mortality rate of 0.2%
coronavirus hasn't existed for a year yet
Holy fuck please sterilize yourselves
>believing chinas fake numbers and not knowing that korea is currently focused on testing the daegu cult only
>also thinking this is over when 114 other countries report infections, while it spreads like wildfire in the us and eu
>believing this is a nothingburger, because the media is scaring you
>not being intelligent enough to figure out that the media is downplaying this to prolong panic
>not being prepared for what is coming
I'm wishing you a great time, when you are waiting in line in front of your local supermarket in 2-3 weeks
Bows and arrows are more dangerous than nuclear weapons because more people have died to bows and arrows.
5000 confirmed deaths world wide... omg im next!
and it'll be over by next month.
more people die in car accidents but that's not going to stop me from driving.
buying back in
>It shows no signs of stopping yet
What part of slowing down in China and Korea do you not understand?
>Yes the media LOVES to crash the economy, rich people sure would love to lose money
Of course they do. It’s all about control. Have you noticed how politicized the coronavirus is on your beloved kike media? It’s completely overblown and you’re a good goy for falling for it
Who said i'm next
And no it wont you moron. Even if Italy stops it, the rest of Europe still has to follow suit. This shit won't go away for AT LEAST 3 months and I'm being generous. You don't seem to understand the high level of infectivity this disease has
>Greenland from the Dutch
I hope you're trolling
>Yes the media LOVES to crash the economy,
yes, they do, retard.
> rich people sure would love to lose money
they don't give a fuck about money, retard.
Europe and the US won't be able to stop it like China did because we don't live under a dictatorship
Also, Korea is still fucked and China barely managed to maintain the situation. If another hotbed appears in china, it's Whuan 2.0
>they don't give a fuck about money
>goyim, they are fucking the economy to fuck you over and get rich (???)
Ok, retard
As crazy as it sounds, I would rather believe the chinese numbers than our news sources.
Good luck driving away from the global economic depression caused by entire countries shutting down because our medical infrastructure cant handle the patient load that would be imparted by letting the virus run its course.
>while it spreads like wildfire in the us
>only single digit reports of COVID in my state
Literally everyone in the US is aware and prepared for this shit. Only select coastal high population hubs are being hit. The virus has nowhere else to go and no means to reach inland because airports are on lockdown and all cross country transit is extremely cautious. It will plateau and be an after thought by mid april.
> to get rich
They are rich, now it's time to utilize those riches to destroy you.
They are fucking the economy for political reasons.
Money is power, they will sacrifice money in order to utilize this power, retard.
George Soros isn't burning his money on jew politics because he thinks it's a good investment.
>Also, Korea is still fucked and China barely managed to maintain the situation
Are you fucking retarded?
How is it that I don’t even watch the news and I know more than you?
>Literally everyone in the US is aware and prepared for this shit.
You’re less prepared than bullshit Yuro nations. Your insurance jews made sure to only appear to cover testing costs, you still need to pay up to your copay max plus treatment. Meaning people won’t get tested in your third world country.
All the mexiniggers scared of the gubmint will cough the boomers in the face as they clean the toilets.
> no means to reach inland because airports are on lockdown
Yeah and thanks to these precautions the virus never left China. Oh wait.
Shouldn't you wait until deflation runs it's course?
You can’t “contain” this anymore than you can regular flu. The shutdowns are just there to stop everyone getting sick at once, overwhelming medical services.
If you listen to actual virologists it’s very likely covid will become endemic. It will never leave. Over the years it will mutate and lessen in severity and be just a really bad strain of cold.
There won’t be a vaccine for years either btw if it ever happens. All previous outbreaks that spurred vaccine research petered out.
>a resolved virus kills more than one in progress
Cases/deaths is an irrelevant statistic for an ongoing pandemic. It's recovered/deaths. When it's finished and over, it's STILL recovered/deaths because obviously everyone either recovered or died.
The big problem is that full, TOTAL quarantine is the only reason it's slowing down. Of course when people are not infecting one another due to quarantine, there will be a slow in infections.
So what happens when quarantine is lifted, and there's still a few people infected? We start all over again.