expect large US infrastructure spends in the future. This would be enough for the US to avoid recession alone.
The US gubmint can financialize themselves any amount of currency. The problem is that those in charge confuse financializing currency with marshaling wealth. Funny thing about wealth is that it is tangible, and cannot be zapped into existence by an entry into a spreadsheet. I wouldn’t be so sure about that. HM, I am at a loss of the meaning. Money from thin air? My opinion is: garbage in-garbage out, but maybe with some delay. Personally, I believe in reality that does not involve "helicopter" money. The US$ role as global reserve currency afford the US government certain liberties, such as creating wealth from thin air. The flipside is you cannot be the global reserve currency without perpetual nominal trade deficits, something that Trump is far too dumb to understand. money printing != wealth So, they print more. How, exactly, it creates wealth? It's exactly the opposite. re nominal deficits-there I can agree. You cannot be a world's reserve currency and not run a deficit. According to classical economics, money printing != wealth on the assumption that money printing = inflation Now riddle me this. When was the last time that the USA had an inflation problem, and how much money has been printed since then? |
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It is well known that Roger Ver bought the Bitcoin twitter account, just like he bought the Bitcoin.com domain
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expect large US infrastructure spends in the future. This would be enough for the US to avoid recession alone.
The US gubmint can financialize themselves any amount of currency. The problem is that those in charge confuse financializing currency with marshaling wealth. Funny thing about wealth is that it is tangible, and cannot be zapped into existence by an entry into a spreadsheet. I wouldn’t be so sure about that. HM, I am at a loss of the meaning. Money from thin air? My opinion is: garbage in-garbage out, but maybe with some delay. Personally, I believe in reality that does not involve "helicopter" money. The US$ role as global reserve currency afford the US government certain liberties, such as creating wealth from thin air. The flipside is you cannot be the global reserve currency without perpetual nominal trade deficits, something that Trump is far too dumb to understand. |
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https://satoshinrh.com/What i'm getting kind of nervous about is the fact that this webpage is currently being built, you can watch the progress. Minutes ago it was a white page with almost no content but a nonfunctional email-subscribe form. This looks authentically unprepared at amateur level. Makes me think. 4pm EDT, so two and a half hours to go. "Tabula Rasa" sounds a bit frightening, too.  You were saying ? |
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expect large US infrastructure spends in the future. This would be enough for the US to avoid recession alone.
The US gubmint can financialize themselves any amount of currency. The problem is that those in charge confuse financializing currency with marshaling wealth. Funny thing about wealth is that it is tangible, and cannot be zapped into existence by an entry into a spreadsheet. I wouldn’t be so sure about that. |
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Proud Boys
Snip
Extremist on both sides, don't kid yourself. Antifa is just as bad. I didn’t say anything. I just posted some screenshots from the Proud Boys telegram channel. |
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Nicely timed to counter trade the sheeple |
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Thanks guys but not my letter. Taken from Twitster.
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Brokers are selling the bear market story to retail  |
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Who is the pervert that voted for sex?
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I don't know when, but I'm 99% certain there will be a grand worldwide monetary reset within my lifetime. Perhaps as early as next week.
Oh gosh... That seems to be a high level of certainty that you are placing on something that I attribute, approximately 1% odds. Maybe that is part of the explanation for our differing views? Perhaps, but likely only in respect to closely-related topics. Q: Do you believe the insiders (e.g., Paulson, Geithner, Bernanke, et al) who stated back in 2008 the world was close to a complete and total financial meltdown? Q: What changes enacted since then to stave off the possibility of further such events have actually made progress towards that objective? In short, there is no particular reason to think the next financial crisis will tip over the apple cart. Most likely, yes, but I am troubled by a fact that Albert Edwards keeps being proven right (in the long run). He long predicted that Japanese experience in 1989-2009 will repeat itself, first in EU, then US and it started to happen with negative yields, no growth, etc. He predicts US 10 year notes eventually close to -1%. Imagine that. https://www.advisorperspectives.com/articles/2019/01/21/albert-edwards-on-the-problems-facing-the-us-italy-and-chinaHis key prediction was that over the next 12- to 18-month period, U.S. bonds yields will decline and converge with those in Germany and Switzerland. Those yields will end up in negative territory, according to Edwards. Well, we had driven 30 year down from 3.5 to 2% in a space of just 10 months (almost a 43% decline). More to come, most likely. We don't know how this would affect bitcoin. Probably a mixed basket. TL;DR If A. Edwards is right (and he certainly was on bonds) and we are going down 75-80% in equities in the next recession, I wouldn't be so sure about the apple cart Every man and his dog have now successfully predicted a recession over the 18 months. This to me is proof a recession will not happen in that time frame. From the linked article: The economist Brad de Long has noted that three of last four recessions were from unforeseen shocks in financial markets (the collapse of the dot-com bubble, the real estate bubble and the S&L crisis). The current bond inversion is sufficiently foreseen that this recession will be avoided. |
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Why, suddenly, there is a discussion on whether bearish opinions are even welcomed.
You can be a short term bear, but long term bull. Heck, you can even be a long term bear as long as you describe your opinion intelligently.
Here, like on the stock boards, some people always mistake an opinion with an ability to influence the price.
I was teasing mindrust. Sorry humor is tricky online. If any consolation I am not really bullish for another 1.5 months. We need to wait for October. |
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You seem to be describing Armageddon-like scenarios in which gold might prosper in such a way that is appreciating 10x or more from current value, ... unlikely scenarios, but we might chose to make 1% to 10% of our investment choices based on such scenarios, especially if we assign them a high probability (such as 10%, which seems a bit high to me, but might seem reasonable to some of the Armageddon nutjobs out there)
Q: Given an unending supply of inflationary medium, how long can a balloon keep expanding? A: Exactly until the internal inflationary forces overcome structural integrity, causing balloon to burst. - jbreher, proud monetary armageddonist nutjob since long before the turn of the millennia Jbreher admits to being one of the armagaeddon nutjobs. Hopefully, you, jbreher, are not staking too much of actual value (more than 10% - or even up to 20% in really seemingly stupid-ass crazy dedication) on such an unlikely scenario. I don't know when, but I'm 99% certain there will be a grand worldwide monetary reset within my lifetime. Perhaps as early as next week. Oh gosh... That seems to be a high level of certainty that you are placing on something that I attribute, approximately 1% odds. Maybe that is part of the explanation for our differing views? Perhaps, but likely only in respect to closely-related topics. Q: Do you believe the insiders (e.g., Paulson, Geithner, Bernanke, et al) who stated back in 2008 the world was close to a complete and total financial meltdown? Q: What changes enacted since then to stave off the possibility of further such events have actually made progress towards that objective? 1. Well they need to justify Troubled Asset Relief Program, and the various Quantative Easing programs. Reality is we will never know because we don’t get to run alternative simulations. 2. There are a ton of changes that have been made to the financial system since, such as the amount of margin banks are required to hold and reducing lending against toxic instruments. That lending now tends to come from shadow banking institutions and hedge funds. Whether pushing the toxic crap out to hedge funds helps the stability of global financial system remains to be seen. Either way you can be assured the world’s governments would just bail the banks out again. The precedent has already been set. In short, there is no particular reason to think the next financial crisis will tip over the apple cart. |
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I don't understand how I am bearish with all the charts I've shared.
There isn't a single bearish chart I shared in the last 6 months at least.
All I said was "If it drops below that level I am a buyer but I think and want it to go up." Corrections will happen just like it happened before. They may be big or small but they do happen and every once in a while they create a good buying opportunity especially in bull markets. Like it or not, they do happen.
I couldn't believe it when serveria called me a bear and now there are 3 of you guys.
I think you need to read my posts more carefully. I don't know how many times I repeated that we are in a bull market I am not going to quote those posts because at this point I am starting to think that I am being trolled.
P.S. Leave lambie alone.
Hey man you are a bear. Now there are four. |
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Yeah. That would be quite a lot of money. So many moneys.
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This ends only one way. War.
I fear so. Our chances of getting through it without serious radiological release seem grim indeed. Rubbish. The world is far more connected today than it was 15 years ago. The iPhone means that people in Milwaukee are far more likely to be interlinked with people in Ulan Bator or Nairobi. These interconnected trade flows mean that war is rapidly becoming unacceptable between state actors. It would be bad for business. Pyongyang is kept on a tight leash by Beijing. Of course we are seeing increasing sophistication from non-State actors such as ISIS and white supremacists, but they don’t have access to WMDs as yet (and won’t if the world’s intelligence agencies have anything to do with it). |
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Looking forward to CSW’s podcast and pleased he has partnered with digital marketing and PR agency Ivy McLemore & Associates for this important announcement. That’s what Satoshi was missing the first time around. A good PR agency. Just look at the photo below. These guys are cutting edge.  |
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Given extreme illiquidity of shitcoins, I would estimate you can only take out of the market at most 1/100th of their market cap before they collapse to zero.
Many shitcoins would be much less that.
So NXT with a market cap spike to $1.8 billion might have allowed whales to get out up to $18 million before it collapsed. So a small handful of insiders may have made bank. But it’s not hundreds of people.
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