Many people might be shocked to know that the Euro actually has the most 'paper' currency (including coins) actually in physical circulation Ive read that before a few times as criminal gangs with large amounts of money like the Euro for its high denominations and liquidity. I think dollar is still most favoured globally as its used as the actual main currency unofficially many places. China is another place Ive heard of very large amounts of cash being hoarded like this related to corruption, enough cash to fill a warehouse so perhaps they lack the appreciation and high value euro has come to have |
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why is it ok for a group of people calling themselves the government to force everyone to buy their services?
if enough armed people refused to pay and told the government to go fuck itself there is nothing they could do.
That would be the creation of a new country most likely. People live together en masse because its efficient to do so and actually costs less then your stand alone proposal; even with taxes. Yet USA and many other places have excessive taxes and worse still, unrestrained interference by government in normal trade and activities of its citizens. This is when taxes becomes a problem, not because it was always invalid but when it fails the majority in any purpose and undermines society. Why do people choose to do so, I think society is naturally inclined to continue with recognised practise and even though its in downward spiral we follow it down till its overwhelmingly uncomfortable and people depart, take painful measures, etc |
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Gold itself is considered a very small market and unable to bear global trade like dollar treasuries currently do. The criticism that USA has too much debt on the flipside enables very large instant liquidity for almost any size party from companies to multi level governmental operations, that is why QE appears to be a sucess. The truth of damage done both in debt and deficit spending but also liquidity that absence of qe receding creates will only become apparent when its too late, hence the phrase you can only see whose naked when the tide goes out.
A natural swing (back) to other less biased, true dynamic entities such as gold is quite certain but also Bitcoin's regular schedule should compare well, it still has to prove long term use or demand like gold
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Your denial is a symptom of your euphoria.
No its called understanding how herd reacts in market cycles Perhaps, but it is way overdue for a correction. The herd is being led to a slaughter and it's going to be ugly. denile is just a river in egypt :p Market cycles apply to both sides of the equation and market prices are made up of currency value, when that hard value alters dramatically the waves that occur normally are likely bigger. So what you gauge as euphoria could be the most sensible gauge of underlying factors and a correct place to be not a bubble. In short typical studies of protracted currency weakness show the stock market most often does not lose value as much as other asset classes, anything tied to that specific nation like bonds suffer greatly also as they are time bound. A company especially if trading internationally is relatively invulnerable in comparison Whats surprising with Russia is that it has not helped bitcoin, do they have that locked down so citizens cannot use it Insta-inflation in the connected age All inflation can be argued as instant in that the nations monetary base is expanded, its the effects which take time according to distribution of the new 'wealth' . We are instantly connected but the largest stores of new money are held by government including communist china which in a very ancient way does not allow access to that money for the vast majority of its people |
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I thought 100 was a possible reset area because its roughly where it launched from last year. If it was to reverse typically it would be very brief and alot of volume. A quote from George Soros is, Volatility is greatest at turning points, diminishing as a new trend becomes established. Also volume usually spikes however its often very hard to tell at the time
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Wouldnt that be foolish as he lose some of his trust rating for such a small amount. Maybe if the account were stolen that scenario would make sense but its seems way too much hassle to me.
Hows collateral for 5 dollars work
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oil demand is rising even when the price rises or falls. Same with bitcoin is that demand for a solid uncompromised global currency is rising. Im not sure bitcoin will be used but its applicable market is rising and the ability of populations to access its worth is also rising so that is a bullish outlook.
Even while some industry may be in decline and so recession a possibility, I think the demand for oil is going to rise because of progression in various countries development and dollar will continue to weaken and its long term system; that promotes bitcoin or least some alternative system
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gold has zero potential unlike bitcoin
Gold has uses its just it comes at high cost as we know mining is no simple thing and it takes about 10 years to setup a new operation in a new area. Bitcoin costs in theory should make it much more appealing but its not right to say theres no use for the higher cost of gold. Its a very new thing that bitcoin could be reliable and available globally like the economy of gold demand provides |
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By production USA is not even number two, its really subject to upset if it was not able to import as now. USA is #1 in food production potential ? factors like that make me think we dont see a total melt down whatever does happen
Russia has problems with declining population, its not especially productive even in oil and gas it lacks innovation that USA could boast of. Yes by pure numbers Russia has alot but so does Canada, it doesnt equate to productive capacity if the cost becomes too high and for oil exploration and extraction they use foreign workers and technology to make best use. They are exporters of the raw product but as we see now that can be a weakness because its the middle east who have the very easiest lowest costs. Russia needs the world, I dont think they are near to number two and by people its not the force it once was.
China has people but also in decline, again I think they do need world trade to make the best. In gold they are top in production but sorely lacking in actual reserves still, they refuse to disclose an accurate measure. Mostly I think this allows them to buy at a lower price, generally China is interested in acquiring not just the product but various commidity resources across the globe. One I used to own, produces at cost 1600 an ounce but thats still cheap enough for them to buy apparently; of course at a distressed price and they can idle till true demand is shown is my guess
Ironically USA has growing population and various positives. It also has the highest gold reserves and some production but its debt is so overwhelming (and ongoing tax burden, deficit, red tape, etc) all the positives are overshadowed till its dealt with.
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" China is acquiring gold not in an attempt to eventually back the yuan with gold but as a simple hedge against their multi trillion dollar US debt holdings"
Doing so would enable real capitalism in the middle of communist china. It does seem unlikely without a revolution in china for that to happen. The big thing now is how closely China and Washington agree on centralising power and choosing favourites for distribution of control they wield over their subjects. It doesnt work in either case, there are some big bears on Chinas debt also
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it did prohibit prevent banks from securing their most risky derivative plays with taxpayer insured FDIC funds. The real failure is allowing FDIC insurance when consumers would naturally police bank activities to favour the most conservative institutions. You can tell me banks would just deceive and misled perhaps but this is already covered by various laws on false accounting. Over governance is generally a negative to business and does not protect people as we see excessive risk continues to be within banking anyway |
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Gold is aided by the drop in oil barrel pricing as alot of the costs are related to energy and construction equipment gets pretty bad mileage! Also any worries on country credit worthiness should help gold which is retained by central banks for this purpose as an irrefutable exchange of worth in global trade. Also low oil causes problems with rebalancing budgets, USA is consumer of course but elsewhere; Venezuela nears default |
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China is uncapable of producing quality stuff. No one is going to trust China to buy a car but everyone will keep trusting the Germans and so on. They do produce quality stuff, many computer parts come out of China. The main thing is quality control, management and I guess development though Ive heard of new Chinese researched products I dont know they regularly make advancements or not. China can go forward and do anything required but they do seem to go offtrack without guidance. So do we really trust a Chinese brand name not to cut corners, thats their main problem. China needs to partner trade to keep up their growth, so I dont see them being a powerhouse dictating terms. They are very capable of taking over car production from USA for example but the design excellence of the germans not so much |
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China is a far larger country, what took them so long. Mao Tse-tung I think knows that one.
Problem is China holds so many ties to USA, its more like joint 2nd. With all their treasury debt they are more invested then many who actually live here so Im thinking its more of a three legged race then anything else
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Shame theres not a way to ignore a thread I guess. If ignoring a forum profile it should ignore their threads started too ideally
By largest market I mean the majority of humans are female, it does seem a way to shoot yourself in the foot if excluding the majority from the start off. I see Bitcoin as a startup still and the word still needs to get out, mostly its speculative or hype to many not practical as such
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Click the unwatch button and your problems are solved.
You better hope theres women using bitcoin or its not likely to succeed. Pretty sure women are the largest market on earth for any product or potential marketplace. Its a reasonable thread to stay open, all the moaning does is just bump it some more otherwise it'd be on page 10 by now and not read most likely
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STT
Posts: 984
1B9zDQ5KiWviHJvxihQvAkHuEGnbgYxfbs
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STT 1B9zDQ5KiWviHJvxihQvAkHuEGnbgYxfbs Already said via PM but just making sure Im on the list Can I reroll for December, my count after this post should be : Posts: 984 |
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Because of this accessibility gold is unlikely to ever be forgotten by the masses This accessibility is getting increasingly rare though. You don't see people finding "pebbles" of gold laying around anymore. Im not saying this in absolute terms. I'm never going to 'find' some gold. Im just saying it does happen that some easy gold is still out there. Maybe that keys into why gold has been used in general populations for so long In alaska its possible to pick up gold, I really dont think its worth moving there but in some places they have some gold under rocks. Unlikely as that seems, Im going to call that out as a dynamic that there is this 'peasant' factor to gold that even the non elite could acquire it. In zimbabwe its sometimes possible to dig for it, spend the entire day wrecking your muscles and you might get 30 dollars if lucky. Not worth it but I think its worth noting Dollars for contrast, the newest dollars are handed to the richest and largest companies possible such as primary dealers to newly created debt. While some say gold is useless, this dollar systems seems a less inclusive system, possibly self destructive and debased
what's interesting about your theory is that it's inflationary in thinking. in essence, what you're saying is that the money supply needs to grow to match the growth in population. and that the new money added should be "free" as in being able to be picked up off the ground.
I think gold money supply grows slower then world economy and when usa was on gold standard it caused deflation. It did not constrict growth of the economy but prices fell from this effect The free part to gold is very minor, I realise the most gold mined is done by giant corporations and feeds into the largest forms of money. Central banks then take it, store and its never used again (directly). Lots of irony. I wouldnt argue that wealth must be given free or found randomly but fair distribution is a good plus to a working system. Some possibility of getting some to masses is a big plus |
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