Some toughts about upcpming economic depression

I am a biz fan and I always read here:
>''muh get out of stocks because they are driven by QE and when QE stops they go down buy gold''
I told this to my friend and he told me:
>everything is pegged to somenthing. Nothing has inherent value. Everything has the value everyone agrees upon. (even gold)
So a stock (just like gold) has a value everyone agrees. So in case of doomery/depression/ failiure of dollar, stocks like Microsoft will always have inherent value... the inherent value of a company which produces somenthing productive in the technologic era (high value)''

Is him right or wrong? and why?

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him right. everything has inherit value but when all other things start to devalue in fiat gold go up.

>him right. everything has inherit value but when all other things start to devalue in fiat gold go up
so why shouldn't I hold stocks if they ''have value''?

buy everything.
As long as demand in things rise everything will go up.
It is not that hard seriously. How likely is it that demand on everything drops tomorrow. ALMOST ZERO

If stocks and commodities are cheap the dollar is expensive, like in march the strength of the dollar chart was the inverse of the stock crypto crash

because stonks are fiat pegged user. stonks are good if you're in a stable economy but ever since we left the gold standard in the 70s its really just been some sick experiment. Although I doubt the experiment is over and I personally believe it will continue with a supernational currency based system designed after the Bancor which was first theorized in 1944's G20 Bretton Woods Moment. I still think that since we're so close to a full transfer towards a digital economy its likely best to wait in some sort of crypto for a few years until the transfer is made. Before the transfer goes through stonks will drop hard. We've been due for a big crash and correction for over a decade now since we missed out 7 year cycle this past 2017-2018. Silver is also a good buy if you want something more traditional. But all in all holding stonks right now is just about the worst thing you can do if you are trying to hold value short term. Once all is said and done and the NASDAQ switches over to blockchain go ahead and buy your stonks user.

QE will definitely stop for the small and medium businesses, mom and pop retail shops, restaurants,bars.
Single and Multifamily real estate investor will be buried by the property taxes, utility bills, and will not be able to collect rent or evict until the moratorium is in effect.
Fed and friend can not allow this to spill over to 2b2f conglomerates, the small guys will be the sacrifical pawns, with a few outliers just like 09.

thank you for the advice bro.
The only thing that I don't understand is this:
What if after the reset (digital currency) stocks get pegged to it and continue to keep their old value (the value that they had before the collapse?)
Knowing this... holding stocks wouldn't be such a bad idea because even if not pegged to the old Fiat dollar, they will still keep their old fiat dollar value but in gold / new digital currency / whatever comes

well investing in utility tokens right now is like being able to invest in early internet protocols like tcp/udp. The whole idea of everything going digital is more than just getting digital money. It's about being able to extract value from the transfer of digital information. The whole idea of making money digital is transforming it into information to further extract value from the digital econ. Yeah you'll be okay in the long run investing in stonks cause their value will return and likely have a nice pump, but you'll literally miss the biggest creation of wealth in history. We're literally monetizing every transfer of information and by investing in the right utility tokens you get to own a small portion of all future finance passing through said protocol. It just seems like a no brainer imo to take the risk right now with a majority of your money on secure things like LINK and once you have fuck you money with that diversify into stonks and maybe collateralize the rest for a decent APY with some defi tools. I'm personally not stepping into defi now though because its a super immature market and I'm almost certain its going to get wiped out once regulations clear up with the OCC and the SEC in the coming weeks. I'm more hyped about things like Flare which will let you collateralize all types of currencies through the XRPL. As much as people shit on XRP I personally think if you agree with everything I've stated so far they are the surest bet. They recently passed $4 trillion in btc through the XRPL in just a few days dex.xrplapps.com/asset.php?ID=BTC. Flare is the smart contract system coming out of one of Ripples investment arms names Xpring.