Start Saving Up Your Money! Next financial crisis 'has begun and will be worse than 2008 crash'

IftiinOfLife

Raw Hard Truth
It seems like every 10 years there's a crash
:russ:

I couldn't take advantage of the 2008 housing market crash, I was too young, but maybe i can now :pachah1: YEEEEEEESSSSSSSSSS
 

VixR

Veritas
It seems like every 10 years there's a crash
:russ:

I couldn't take advantage of the 2008 housing market crash, I was too young, but maybe i can now :pachah1: YEEEEEEESSSSSSSSSS
I’m not ready for a recession right this instant, I put some money from my savings and some credit debts up to front costs for a business venture. But I’m definitely hoping to be able to buy stocks on a dip when it happens. It needs to wait lol.
 

IftiinOfLife

Raw Hard Truth
I’m not ready for a recession right this instant, I put some money from my savings and some credit debts up to front costs for a business venture. But I’m definitely hoping to be able to buy stocks on a dip when it happens. It needs to wait lol.

Girl, we gonna buy a foreclosed home and shit, invest in stocks, all that good good :pachah1:wallahi please crash :banderas:

Hell, I might even buy an abandoned high school in the south and rent it out :drakelaugh: the opportunities are endless!

Business venture you say? I hope it goes amazingly well, but always keep that credit card debt loooow inshallah. I'm happy you are taking your financial future seriously. More Somalis need to, instead of relying on the economic bailout from the bank of Hoyo.
 
Girl, we gonna buy a foreclosed home and shit, invest in stocks, all that good good :pachah1:wallahi please crash :banderas:

Hell, I might even buy an abandoned high school in the south and rent it out :drakelaugh: the opportunities are endless!

Business venture you say? I hope it goes amazingly well, but always keep that credit card debt loooow inshallah. I'm happy you are taking your financial future seriously. More Somalis need to, instead of relying on the economic bailout from the bank of Hoyo.
you need a good amount of cash. 500k and up.
 
Billionaires buying bunkers should tell you enough. It’s bout to get ugly af.

Britain is so fucked. There whole economy is financial based. No wonder they can’t afford the NHS anymore.
 
Basic economy 101: Bubble is created, bubble grows, bubble pops.

Rather than living paycheck to paycheck (Most Americans are), start saving up money and venturing into stocks, real estate etc because when it does hit, the rich will be taken care of by the banks and the rest of society will be left with nothing. Better to be safe than sorry.

Stocks and property will take a hit tho buying right now if the crash happens soon, maybe better to buy once it hits
 

General Asad

And What Is Not There Is Always More Than There.
Stocks and property will take a hit tho buying right now if the crash happens soon, maybe better to buy once it hits

It's hard to take advantage of buying stocks, land, property etc. when 2/3 of Americans are living paycheck to paycheck. The upper middle class and the 1% will be benefit from this (and all other financial crashes.)
 

General Asad

And What Is Not There Is Always More Than There.
Also Federal Reserve needs to be shut down. They have been devaluing the dollar (us currency) since 1913

We would have been a lot better financially without them

dollar-devaluation-1913.png


https://www.buybitcoinworldwide.com/dollar-devaluation/
 

Tukraq

VIP
@General Asad why the qashin? At this tax level under trump which will be a once in a life time opportunity because once he’s out it will radically change make it impossible, it will keep climbing until he’s out and Sanders is in that’s when everyone sells out the market, this shit has been ballooning during a trade war there’s no downward anywhere near sight
 

General Asad

And What Is Not There Is Always More Than There.
@General Asad why the qashin? At this tax level under trump which will be a once in a life time opportunity because once he’s out it will radically change make it impossible, it will keep climbing until he’s out and Sanders is in that’s when everyone sells out the market, this shit has been ballooning during a trade war there’s no downward anywhere near sight


Because you're wrong. The president doesn't control the economy. No amount of tax cuts or trump is going to stop it from crashing. Greedy employers are overworking their employees and not paying them enough and people don't have money to shopping anymore (thanks to the federal reserve)

Too much money is being printed and nothing is being done to put value to it. Its going to burst.

Take a look around you. Look at how malls and centers are empty. 1,900 convenience stores are being shut down across the U.S. Does that sound like we're doing good? No we aren't.
 

Tukraq

VIP
Because you're wrong. The president doesn't control the economy. No amount of tax cuts or trump is going to stop it from crashing. Greedy employers are overworking their employees and not paying them enough and people don't have money to shopping anymore (thanks to the federal reserve)

Too much money is being printed and nothing is being done to put value to it. Its going to burst.

Take a look around you. Look at how malls and centers are empty. 1,900 convenience stores are being shut down across the U.S. Does that sound like we're doing good? No we aren't.
The tax cuts incentivize big business, they know this might be there last chance at making large profits before the have to send there money overseas when sanders is elected, our economy doesn’t need brick and mortar stores to do well or even employees as were in the AI age, also you seem to have a poor understanding of the FED, no way is too much money being printed:mjlol:the feds job is managing this heck they straight up burn bills when they need to, anyways we’ll be hitting records until January 2020 if trump is re-elected or Biden/bloomberg is, we won’t see a fall but just a major slow down of growth
 
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General Asad

And What Is Not There Is Always More Than There.
The tax cuts incentivize big business, they know this might be there last chance at making large profits before the have to send there money overseas when sanders is elected, our economy doesn’t need brick and mortar stores to do well or even employees as were in the AI age, also you seem to have a poor understanding of the FED, no way is too much money being printed:mjlol:tbe feds job is managing this heck they straight up burn bills when they need to, anyways we’ll be hitting records until January 2020 if trump is re-elected we won’t see a fall but just a major slow down of growth

I have a poor understanding of the FED? Lmfao try that with someone else. :chrisfreshhah:

2 months ago, the Fed made 300 billion dollars in 2 1/2 months. The reason? To return to the quantitative easing strategy.

Last time they used this strategy? 2008 financial crisis :trumpsmirk:

What does this imply? The U.S. financial system is in very big trouble. Trump took office in 2017..... Why is this happening now? :trumpsmirk:

The market will crash because of something called the repo market.

You see, Wall Street firms don’t have to balance their books at the end of every day. In fact, on any given day, they may have released more money to the market than they took in.

That’s only possible because on an average day, other financial firms take in more money than they release. (Hence why the economy crashed in 2008, banks were giving more than they were receieving. Can't happen in the economic world. With me?

Now....
The repo market is where firms with excess daily cash — known as bank reserves, held in special accounts at the Fed itself — lend money “overnight” to firms with a daily shortfall.

The interest rate charged for these overnight loans is the basis for everything from consumer loans to decisions on big corporate investments. It’s a critical number.

The problem?
Every time a financial institution borrows on the repo market, it must put up either Treasury bills or mortgage-backed securities as collateral. That’s why it’s called the “repo” market … because the borrower promises to repurchase that collateral after 24 hours.

If available reserves can’t meet demand for overnight loans, interest rates spike..... It has been spiking since September. :siilaanyolaugh:

Wall Street has been forced to take up the slack by buying evermore Treasury bills every month to help the federal government finance its deficits.

That means Wall Street is converting more and more of its reserves into Treasury bills, which are unavailable to meet the demand for overnight repo loans.

Hence the spike in interest rates … and Wall Street’s fears that vulnerable firms might go insolvent if they can’t find money on the repo market.

And.... That’s where the Federal Reserve’s money-printing comes into play.

Since mid-September, the Fed has supplied $300 billion to the repo market.

It has done this by purchasing Treasury bills from financial firms to increase their cash reserves. That increases the amount available to lend on the overnight repo market.

The Fed is basically printing money to allow the federal government to pay its bills.


THE ECONOMY IS GOING TO CRASH NINYAHOW! STOP ARGUING WITH ME IN CIRCLES AND GET YOUR DUCKS IN A LINE!!!!

:farmajoyaab::farmajoyaab::farmajoyaab:


Source: https://banyanhill.com/the-feds-printing-money-again/
 
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Tukraq

VIP
I have a poor understanding of the FED? Lmfao try that with someone else. :chrisfreshhah:

2 months ago, the Fed made 300 billion dollars in 2 1/2 months. The reason? To return to the quantitative easing strategy.

Last time they used this strategy? 2008 financial crisis :trumpsmirk:

What does this imply? The U.S. financial system is in very bug trouble. Trump took office in 2017..... Why is this happening now? :trumpsmirk:

The market will crash because of something called the repo market.

You see, Wall Street firms don’t have to balance their books at the end of every day. In fact, on any given day, they may have released more money to the market than they took in.

That’s only possible because on an average day, other financial firms take in more money than they release. (Hence why the economy crashed in 2008, banks were giving more than they were receieving. Can't happen in the economic world. With me?

Now....
The repo market is where firms with excess daily cash — known as bank reserves, held in special accounts at the Fed itself — lend money “overnight” to firms with a daily shortfall.

The interest rate charged for these overnight loans is the basis for everything from consumer loans to decisions on big corporate investments. It’s a critical number.

The problem?
Every time a financial institution borrows on the repo market, it must put up either Treasury bills or mortgage-backed securities as collateral. That’s why it’s called the “repo” market … because the borrower promises to repurchase that collateral after 24 hours.

If available reserves can’t meet demand for overnight loans, interest rates spike..... It has been spiking since September. :siilaanyolaugh:

Wall Street has been forced to take up the slack by buying evermore Treasury bills every month to help the federal government finance its deficits.

That means Wall Street is converting more and more of its reserves into Treasury bills, which are unavailable to meet the demand for overnight repo loans.

Hence the spike in interest rates … and Wall Street’s fears that vulnerable firms might go insolvent if they can’t find money on the repo market.

And.... That’s where the Federal Reserve’s money-printing comes into play.

Since mid-September, the Fed has supplied $300 billion to the repo market.

It has done this by purchasing Treasury bills from financial firms to increase their cash reserves. That increases the amount available to lend on the overnight repo market.

The Fed is basically printing money to allow the federal government to pay its bills.


THE ECONOMY IS GOING TO CRASH NINYAHOW! STOP ARGUING WITH ME IN CIRCLES AND GET YOUR DUCKS IN A LINE!!!!

:farmajoyaab::farmajoyaab::farmajoyaab:


Source: https://banyanhill.com/the-feds-printing-money-again/
You said the fed is printing too much and this is incorrect, fed prints and burns at a calculated correct rate expertly, federal reserve burns the money it receives as a treasury bond to balance the market lol, the fed also has nothing to do with the deficit it’s Congress that writes the budget for that(deficit is only affected by raising taxes and cutting costs by congress however a deficit is economically a good thing thus no need to do that), also why are you acting like interest rates spiking is a bad thing? Fed is in tune with the economy and raises and decreases at the right time, 2008 crash happened due to panic in the housing market, current growth has little to do with housing anyways(extreme regulation now) and this “bubble” will keep going until Bernie is elected because demand to make extreme profits at low taxes will be there, what would incentivize investors from investing in this once in a life time market? Nothing, your right in that there will be a crash but it will be post November, and that will determine whether It’s a large sell off or a small one due to who’s elected, until then will continue being the only western economy to grow
 

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