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201  Economy / Economics / Re: Low demand for gasoline on: January 10, 2019, 10:42:43 AM
The low demand for gasoline and therefore the decrease in prices of consumer oil is still controllable by the oil producers, they can quickly cut off their production in order to match the current demand these producers will always say "Why produce more oil when it is not needed?" and they are right to say that as they won't continue to sell at a very low price. They have done it in the pass where Saudi Arabia, USA, and Russia all agree to cutback their oil production just to  see the demand to go up. The low demand for oil also is always during the 4th quarter of every year as this is the Winter season where cars are likely to be less driven daily because of the weather and its road conditions.

I have observed  Brent Crude Oil for a time now and the prices are starting to normalize. From its lowest price last December 26 which is 50.5$ a barrel it rose 6.5$ during the last two weeks. We aren't as near as the 80-85$ per barrel price but I won't see any oil price rollbacks anytime soon.

Trump wants cheap oil. He knows Saudi Arabia extracts oil at U$ 4 (!!), why then do they sell it at U$ 50? More than 12x profit for sucking rotten dinossaurs out of the ground!

OPEC will increase / decrease production to ensure that the price of gas is continuously high. Bankers aren't bailing out just yet, there is still money to be squeezed out of these sheep. When the stocks start to fail, they will switch to bakkt crypto markets  Wink

Hopefully so.

OPEC is a cartel. Cartels are illegal in any Western country, yet we accept this one for some magical reason. They basically dictate our gas prices.

That would be good for us, gasoline in our country is not cheap so it will help people to save on their expenses.
I have a car and I will benefit from this, I hope it will continue to go down, but on the other side, it will increase the traffic in our country.

Oil shouldn't cost more than U$ 10 a barrel.

It is the sad reality that we're living in and there's no way to stop it for now. The low demand for gasoline will trigger all the consumer goods to decrease in prices too. It's the market shaker and its also the market's indicator on what it should do.

Everything that we're using came through with gasoline/oil. Transporting goods, generating products, manufacturing it so it's really a good news if gasoline demand goes on low.

I think the global slowdown is upon us. The FED can manipulate the stock markets by printing free money. But can they force the world to keep producing exponentially more to sustain the worldwide banking ponzi? I don't think so.

Once the world reaches a production limit, who will pay for the U$ 250+ trillion dollars the FED printed???

OPEC will increase / decrease production to ensure that the price of gas is continuously high.

this. a lot of the deposits in the west (canada, venezuela) are in tar sands that can't be reached with surface mining. the extraction cost is much higher, so it's not viable to produce at lower prices. that keeps OPEC in a position where they can control a huge share of global production and thus control prices.

OPEC's average barrel extraction price is something around U$ 4 to U$ 7. US producers can't extract oil at less than U$ 30 as far as I know. Dictators have it real easy it seems.Workers never complain, no labor laws, if anyone looks unhappy they chop their head off. It's good to be the king.
202  Economy / Economics / Re: USD will crash before BTC on: January 10, 2019, 12:24:42 AM
Seriously doubt this statement.  In fact, I'd go as far as to say this topic is an attempt at FUD as there is absolutely zero indication that the USD will crash anytime soon.
If anything, we will see the price of BTC continue to take a mass hit before the US dollar dwindles in value.
I just posted a thread about this- I suggest you check it out for your own self awareness!



Funny how the folks posting this kind of comment offer zero rebuttal using facts, data, charts. Nothing.

They just take a swipe and leave. "OP is crazy, so bye". I've posted PLENTY of charts, data, correlations showing how the FED money printing activities have a nearly perfect 1 correlation to stock market performance!

When the FED stops printing money, the system collapses, simple as that. Refute this fact!

Seriously doubt this statement.  In fact, I'd go as far as to say this topic is an attempt at FUD as there is absolutely zero indication that the USD will crash anytime soon

Totally agree with this statement

The topic starter obviously doesn't know a thing about modern finance but still makes very bold claims about an imminent dollar collapse, without providing any valid reasons. People have been making such claims for literally decades by now but the dollar is still well and kicking. Whoever is going to challenge that fact may want to first look at the USDX index which shows the strength of the US dollar against a basket of major fiat currencies

USD is the world's reserve currency right now. China has USD as international reserves. Obviously it's the strongest currency out there as of now. But things will change quickly and drastically soon. World debt is a 250+ trillion dollar bomb. FED money will become worthless unless this debt is dealt with.

I've provided PLENTY of charts and data in other threads. The correlation between FED activity and stock market activity is nearly 1 to 1. The FED controls the stock markets today.

So what’s your main point? Are you trying to say if the wild should switch to cryptocurrency those debts wouldn’t be there to be paid? Lol. It’s quite funny how some of you think. Even if the whole world decides to make use of cryptocurrency, nothing changes at all, things will still continue the way it is normally and you will even pay more tax, and countries will still continue to be in debt, it changes nothing.

The debts show how the current system is flawed. Debt discussion is not related to cryptocurrency adoption. My point is that we're living a ponzi scheme where debt is generated day and night and that this will eventually lead to the demise of the US Dollar.

When people finally notice the fact that the FED prints money whenever they feel like it and that everyone else works 9 to 5 for decades just to feed 15 bankers, that's when the system collapses.



203  Economy / Economics / Re: You were warned on: January 10, 2019, 12:13:22 AM
Remember 2008?

People lost their homes, cars, savings, some lost everything. Lots committed suicide, others got in to drugs or heavy drinking.

The 2008 banker heist destroyed thousands of lives and totally slowed down millions of others.

The corrupt system went and made YOU pay for their theft. The People paid the bill against their will, because no one chooses to pay tax.

Get ready for the new cycle

A lot of people have been trying to warn about what's going on now right under our noses.

The FED has printed over U$ 22 trillion since 2008. The only reason the markets went up is because the FED printed all this money to pump it up.

There is no economic recovery, there is no real growth. There is no demand for oil or gasoline which are the main fuel for the economy. Nobody's buying gas, it's building up in repositories. If nobody's buying gas, nobody's driving, products aren't moving, the economy is NOT growing. The only reason oil goes up is when OPEC agree to use their monopoly powers to cut production. There is no demand.

Same thing with the FED, there is no real valuation in the markets, the FED is simply helping their banking buddies pump the markets.

When the FED says "we'll stop printing money for just a bit" the markets crash 5% in one session. There is no real value.

Everyone's in denial right now

People are in denial. There is U$ 250+ trillion in debt floating around. Nobody's going to pay this debt.

The crash is imminent.

When it crashes there won't be time to get out.

What should I do then?

Pay up your credit card debt and any other debt immediately. You will be crushed if you're caught in debt when this new crisis arrives.

If you were planning on spending big on something new, reconsider.

Buy Bitcoin or gold or something that should survive the coming crash.

The banking system is one big ponzi scheme and if the economy slows down the crash is inevitable. The whole system is based on the premise of exponential growth. Growth upon growth, year upon year, quarter upon quarter of composite growth.

There is no way this can work. It's been pushed forward for 10 years now since the 2008 banking heist and now the signs are everywhere. The new crash is imminent. May happen now or in a year, you never know, but it's upon us.

When it happens, do not go to Wall Street with a camping tent and your hippie beard and pretend you weren't warned. "We are the 99%". No shit sherlock, the system is a ponzi meant to enrich the 1% not for you. You were warned.

Traditional banking system is rigged and mechanism was configured for benefits of real owners who has ability to control with financial tools. Sometimes i read about tax system and “fractional-reserve banking” which don't apply same rules stated by financial institutions. Institutionalized crime found the working way to grab people's money with legalized rules. Taxation is legal way for  taking of the property of community.
Central banks will use all possible solutions for protecting current cheated system and this is one of reasons why they don't like Bitcoin.
Unfortunately cryptocurrencies are not feasible solution without mass adoption...

This is 100% right on. They fear Bitcoin because it is transparent. Bitcoin is run by an algorithm. Whereas they want to print money freely for their buddies. We all need to work for mass adoption. If the masses want it, it'll happen.

The way the baby boomers have and still are running this country is a disaster.  We need to get them out and start getting things in order.  It will not be easy.  Until that happens expect more of the same.

Funny how baby boomers were born before the bankers ended the gold standard! Baby boomers actually saw some real capitalism back in the day when the FED did not control the stock markets and 15 families didn't control the world! They should know better. The only way we can change this is to raise awareness about the banking ponzi scheme we're living under and spread awareness around us to family and friends.

I agreed with what the OP said about the economy and the games played by the FED in supporting the banking system because it the same game they played way back. Besides, the OP was right about people paying their credit card debt and any other debt to avoid been crush. But the side when the OP said "Nobody's buying gas" is something I disagree with. However, bitcoin and gold will always be the best investment of all time.

We need to continue to raise awareness about the games bankers play and how it's not a conspiracy theory but real stuff. People often think this kind of thing is a conspiracy thing, when it's not.

(My comment about gas was due to today's EIA gas buildup numbers.)

Lately everyone is talking about new finance crisis. But I think it's still early.
World finances are going into wrong direction and there is a huge need of 'clearance', but not now. My prediction is that there will be a new crisis in 2-3 years.

You may be right. I don't know whether it'll blow up now or in 5 years, but we're staring at a level of debt that humankind has never seen before.

More gold derivatives is traded in London in a single day than was ever mined by humankind. It's a 100% fake economy based on fake value. Bankers are buying and selling nonexistent things. The FED prints nonexistent value. It's a crazy ass system and average people don't seem to notice.

FED or others should influence people's psychology to influence the price so it is not possible to influence the price directly. Evidence can be the volatility of the price when there is little time for any institution to make important decisions at Forex. But if the big institutions accept Bitcoin as scam, price will dump immediately. They have been existing for many years and everyone has accepted them as '' those who adopt a legal decision ''.
Lately everyone is talking about new finance crisis. But I think it's still early.
World finances are going into wrong direction and there is a huge need of 'clearance', but not now. My prediction is that there will be a new crisis in 2-3 years.
The price decline in the crypto market and stock market, even the decline in the level of life of people in my country in recent months can be a indication for inflation.

Whenever the stock market goes down, they find a way to pump it up.

Today the FED put out a "dovish" statement. Markets went up. It's all fake. The FED controls the markets since the early 1970's.

I dont know anything about this new crisis or crash but i have taken three
steps since the last crash in 2007/2008.

1. Reduce debt
2. Reduce spending
3. Buy Bitcoin

Same here. IMO the right strategy.

Wait, how can bitcoin survive to upcoming crash?

When the bankers' ponzi scheme finally collapses, you'll ask your landlord "hey can I pay this month's rent in Bitcoin". He'll likely say well my bank is closed so I guess yeah.

Then you'll head down to the local grocery store and ask hey can I pay this week's groceries in advance, I'll pay in Bitcoin. They'll say cool.

That's how Bitcoin gains widespread use when the failed banking system finally goes down.

204  Economy / Economics / You were warned on: January 09, 2019, 03:53:42 PM
Remember 2008?

People lost their homes, cars, savings, some lost everything. Lots committed suicide, others got in to drugs or heavy drinking.

The 2008 banker heist destroyed thousands of lives and totally slowed down millions of others.

The corrupt system went and made YOU pay for their theft. The People paid the bill against their will, because no one chooses to pay tax.

Get ready for the new cycle

A lot of people have been trying to warn about what's going on now right under our noses.

The FED has printed over U$ 22 trillion since 2008. The only reason the markets went up is because the FED printed all this money to pump it up.

There is no economic recovery, there is no real growth. There is no demand for oil or gasoline which are the main fuel for the economy. Nobody's buying gas, it's building up in repositories. If nobody's buying gas, nobody's driving, products aren't moving, the economy is NOT growing. The only reason oil goes up is when OPEC agree to use their monopoly powers to cut production. There is no demand.

Same thing with the FED, there is no real valuation in the markets, the FED is simply helping their banking buddies pump the markets.

When the FED says "we'll stop printing money for just a bit" the markets crash 5% in one session. There is no real value.

Everyone's in denial right now

People are in denial. There is U$ 250+ trillion in debt floating around. Nobody's going to pay this debt.

The crash is imminent.

When it crashes there won't be time to get out.

What should I do then?

Pay up your credit card debt and any other debt immediately. You will be crushed if you're caught in debt when this new crisis arrives.

If you were planning on spending big on something new, reconsider.

Buy Bitcoin or gold or something that should survive the coming crash.

The banking system is one big ponzi scheme and if the economy slows down the crash is inevitable. The whole system is based on the premise of exponential growth. Growth upon growth, year upon year, quarter upon quarter of composite growth.

There is no way this can work. It's been pushed forward for 10 years now since the 2008 banking heist and now the signs are everywhere. The new crash is imminent. May happen now or in a year, you never know, but it's upon us.

When it happens, do not go to Wall Street with a camping tent and your hippie beard and pretend you weren't warned. "We are the 99%". No shit sherlock, the system is a ponzi meant to enrich the 1% not for you. You were warned.
205  Economy / Economics / Low demand for gasoline on: January 09, 2019, 03:40:58 PM
While crude oil was a draw this week, EIA numbers were WAY lower draw (-1.6 million) than API numbers published last night (-6 million).

https://www.investing.com/news/commodities-news/us-crude-oil-inventories-fell-by-168-m-barrels-last-week-eia-1742347

Why is oil dropping from its daily high?

Because gasoline inventories built up like crazy.

Today's crude draw becomes tomorrow's gasoline build. If there is no demand for gasoline, then soon crude will build up again.

What does this tell us?

The economy is slowing fast. First thing people stop doing when money's tight is stop driving long, start saving up gas.

YET the debt keeps growing. The fraudulent scheme keeps rolling, central banks keep printing money. Bankers are already fleeing the markets, YOU will be the last to know. Then when it crashes you lose your home, your car, your college tuition and so on. You were warned.

The financial system is a ponzi scheme. It's gonna crash.


PS. For extra bonus, just a small detail about our ponzi fraudulent economy: Last night's crude inventory numbers leaked during the day. Oil shot up with no reason midway through the session. After the close the numbers came out. As always, market manipulation is rampant. Today's much more trustworthy EIA numbers are totally skewed from the API data. Individual investors are the last to know. It's a corrupt system with no future.

206  Economy / Economics / Re: Top 10 Reasons Why Bitcoin Is Falling Down on: January 09, 2019, 03:08:18 PM
We've been through this cycle several times since 2010.

Gold mine seekers come in, pump the value, lose money, go out.

But every time BTC reaches a new ATH before collapsing.

BTC at U$ 4000 as it is now is 700% gain from just over 1.5 years ago. What other investment did that?
207  Economy / Economics / Re: USD will crash before BTC on: January 08, 2019, 04:30:12 PM
I have a question to you jjjfff. Don't get me wrong I wholeheartedly agree with you about the debt and the consequence on the US dollar, however my question is: how do you imagine that Bitcoin will not collapse if the US dollar does?

Unfortunately I still think Bitcoin is much more fragile than a fiat currency such as USD. This would be insanely good news for some of us here if Bitcoin remained strong in such scenario, but I cannot see happening.

Curious to hear your thoughts.

I've mentioned this before on other threads : the only thing missing for BTC to become a worldwide currency is widespread adoption.

As soon as everyday things can be paid by BTC, Bitcoin will explode. I don't mean a specialized coffee shop or a trendy airport shop that accepts Bitcoin as a novelty, I mean everyday stuff like food, utilities, taxi and so on.

The transition from the fake ponzi economy we're living in to a transparent system like Bitcoin will be gradual. The dollar won't disappear just like that.

More and more people will see the light. The ponzi scheme we're all living in. 7 billion people living under the control of 15 banking families who get to print money while the rest of the world works 15 hour days. This will collapse and then people will place their savings into gold and Bitcoin IMO.

And then during the collapse people will start to ask each other hey can I pay you that debt in Bitcoin? Can I pay this month's rent in Bitcoin? Can I pay for this food in Bitcoin?

That's when the definitive change will begin IMO.

208  Economy / Economics / Re: USD will crash before BTC on: January 07, 2019, 07:01:03 PM
I never understood the sentence "world debt", who does world owe money to? Mars?

I owe U$ 2500 to my credit card.

Credit card owes U$ 1.5 million to bank.

Bank owes U$ 50 billion to other bank.

Add all this debt up, for all people in the world, for every nation, for every company, for every bank and you get world debt.

Right now this number is over U$ 250 trillion.

Which means even if the USA became 10x larger and USA did nothing but pay debt and not a single other thing, then this debt is impossible to be paid.

How did this debt become a thing?

You guessed it : the banking system lent this money in various ways.

But if the banks lent the money, surely that money exists, right? Right?

Well, no.

Banks are free to lend money that does not exist. Sounds weird, right? But that's how fractional reserve works.

This is how our financial system works: The FED prints magic money for banks who take this money and magically multiply it by lending more than they have.

What happens if everyone had to return this magical nonexistent money to the origins in full? The system would collapse.

That's what's happening. Nobody will ever pay this debt. It's a ponzi scheme.
209  Economy / Economics / Re: USD will crash before BTC on: January 07, 2019, 12:11:06 PM
The whole system was created on debt and designed to allow for infinite debt (print more and more money).
There is more debt than there was ever money so paying off the debt is impossible.

Watch this...

The biggest scam in the history of mankind.
https://www.youtube.com/watch?v=iFDe5kUUyT0

That's right.

Debt in a fractional reserve system is the same as printing money.

Create debt, the money to back it up does not even exist, the debt is never paid.

Most people refuse to accept the fact that our economy is one big banking ponzi scheme.

News on economic crash downs are looming out in faster pace in recent rimes, I read in another article about developing countries like India also may face such crashes. Indian reserve bank former president himself had predicted about bankruptcy of Indian economy if they are not regulating themselves. India kind of developing countries are having all enough resources to cope up any economy slowdown and as far as I have concerned India not heavily impacted by the recession in 2008.

Coming back to the topic, USA is having all their enough reserves and a recently I came to know about their gold reserve which is more than sum of world top five economically stronger countries. I do not think US economic will crash down if anything that will be happen then that might be worst scenario than what we had in 2008 (I hope no one could forget collapses of major giants like AIG and USA government's plans of mammoth $700 billion bail out to restore their economy in 2008).

Only the average citizens still haven't noticed the immense fraud we're all living in. Bankers and other financial experts all know what's up and are preparing for another worldwide crash.

Increasing volatility in world markets is a strong indicator of the problem.

Bankers themselves know that at some point they'll have to sell their equities. With every hiccup they start selling like mad and cause flash crashes. Nobody knows when the big one will come, but it's only a matter of time.

Unrelated to this topic, but please read this about China > https://www.standardmedia.co.ke/article/2001306837/auditor-kenya-risks-losing-port-to-china some concerning stuff going on. Don't know how the world will look if China "takes over" but for sure it could get even uglier than with the US.

China is also printing money like mad. The only way they can compete with the West is to play by the same rules. If BoJ,ECB and FED can print debt at will then why can't China? When the debt bomb goes off, China will be in the same boat.

The world debt is going to be paid only if new wealth is going to be created.

That's right.

It's a ponzi scheme. They need more and more young people working their asses off 10x more than in the 1980's to keep the system afloat.

The system requires exponential growth. Growth upon growth, year over year. When this exponential growth stops prepare for the biggest crash in history.

The world is sitting on U$ 250 trillion debt. It's impossible to pay.

They'll either start a major war or find some other way to avoid this debt. Bankers never lose, we do. They'll do something nasty soon.

The financial system is a ponzi scheme.
210  Economy / Economics / Re: USD will crash before BTC on: January 06, 2019, 08:16:21 PM
Here are the fractional reserve regulations for banks in the USA: https://en.wikipedia.org/wiki/Reserve_requirement#United_States

Did you read yourself the part by the link you posted?

Quote
In the United States, a reserve requirement[5] (or liquidity ratio) is a minimum value, set by the Board of Governors of the Federal Reserve System, of the ratio of required reserves to a category of deposit liabilities (called the "Net Transaction Accounts" or "NTAs") owed by depository institutions to their customers (e.g., owed by commercial banks including U.S. branches of a foreign bank, savings and loan association, savings bank, credit union). The deposit liability categories currently subject to reserve requirements are mainly checking accounts. There is no reserve requirement on savings accounts and time deposit accounts owned by individuals.[6] The total amount of all NTAs held by customers with U.S. depository institutions, plus the U.S. paper currency and coin currency held by the nonbank public, is called M1.

I'm curious if you understand what is written there

I wouldn't be surprised if you used the Federal Reserve System itself as an example of FRB just because it has the word "reserve" in its name and FRS looks pretty much like FRB. What the quoted part says is about a Central bank (in this case the FRS) monetary policy aimed at regulating the banking, and through it, the financial system. It is the amount of money that a bank is obliged to maintain on its account at the Federal Reserve at the end of the day. It doesn't restrict banks from lending unlike what FRB is supposed to do simply because deposits are created from loans, and thus any reserve requirement will be met as required

People easily forget that money is only an intermediary which is not worth anything on its own, without the "underlying". And being only that, we can remove it from the equation completely and when we do so, we come to understand that it is the economies that matter and their strength, not money or debt representing them. In other words, if fiat monies are going to die, the American dollar will be the last to kick the bucket due to sheer size of the US economy
That's an interesting take.  But damn, if money isn't worth anything on its own, why do I have to pay so much in taxes?

Maybe, because it is not on its own here and your taxes will be spent on whores, yachts and drugs?

Someone said fractional reserve did no longer exist, to which I replied that that was ludicrous. FDIC, FSB, FED, FRS, IRS, FBI, NFL, MLB whoever is in charge of it I don't know.

About The Pharmacist's mention of taxes as if that guaranteed some intrinsic value to money: I didn't reply earlier, on purpose, because that doesn't really make any sense.

A simple example may illustrate this better.

Disney sells tokens you can spend within Disney parks. Like the FED issues Treasury notes you can spend within USA.

Disney charges fees for certain activities. USA charges taxes for certain activities.

Just like Disney tokens do not have any intrinsic value other than Disney backing it, even though you can pay fees with those tokens, the same happens to the Treasury notes we happen to call US Dollars.

There's nothing intrinsic about the dollar. We can pay taxes using it because it's the tokens the taxman himself issued via his magical money department we call FED.

The moment average folks understand this is the moment they'll start to understand the fact that the FED simply prints these Treasury notes by issuing one simple database command.

US Dollars are simply a line in a secure database. Today there exist 1 bazillion, tomorrow magically there exist a bazillion plus one trillion. That's how the FED works. They magically create money out of thin air.

Average folks seem reluctant to grasp this simple fact.

They think oh man, the US power is so immense, USA can't use a magical currency issued by a sacred entity that puffs money out of thin air!

Well, that's exactly what it is.

There are over U$ 250 trillion in DEBT in the world today. Nobody's gona pay this debt.

Either they'll start big wars or come up with some other excuse to "solve" this 250 trillion U$ debt bomb. Nobody except The People pay the bill for this absurd system.
211  Economy / Economics / Re: USD will crash before BTC on: January 06, 2019, 07:01:33 PM
I get the impression OP is a little bit off the deep end as far as his hatred of the Fed

You were unable to make a single point against anything I said in the past threads where we met.

You called your "smart friends" to rebuke stuff I said.

I respect the fact that you're not really informed about real world markets, but you should hold off on trying to diss me instead of the points I make.

Let's focus on things I said rather than on me? Hold your ad-hominem please. I did not call you off on any of the dumb arguments you made (trust me, they're plenty).
212  Economy / Economics / Re: USD will crash before BTC on: January 06, 2019, 06:58:55 PM
There is no fractional reserve banking today

LOL WUT!

Here are the fractional reserve regulations for banks in the USA: https://en.wikipedia.org/wiki/Reserve_requirement#United_States

213  Economy / Economics / Re: Is Bitcoin Over? on: January 06, 2019, 06:53:38 PM
Yep.

Give it up folks.

Bitcoin is dead now.

Everyone sell (so I can buy more). K thanks bye!.
214  Economy / Economics / Re: Is the use of credit cards a strong indicator of a nation's economy? on: January 06, 2019, 04:19:15 PM
High usage of credit cards simply means an economy is highly indebted.

If anything goes wrong the US cannot honor its debt. The only way everyone is rolling their debt forward is because the FED keeps printing money.

Soon as China or US economy stops growing exponentially the system will crash.

Present day system requires exponential growth to stay afloat. Debt is 10x larger than the US economy, it's impossible to pay unless growth is composed year over year.
215  Economy / Economics / Re: USD will crash before BTC on: January 06, 2019, 04:16:19 PM
If the whole world is indebted to one another then new money does not need to keep coming in. As long as no country is in a powerful enough position to stop the constant rolling over of debt then it can continue with little consequence. The strong world economies that are funded by this debt will stop the success of any non-debt funded economies by whatever means they can, be that through tariffs or through war.

I think along the same lines mostly

People easily forget that money is only an intermediary which is not worth anything on its own, without the "underlying". And being only that, we can remove it from the equation completely and when we do so, we come to understand that it is the economies that matter and their strength, not money or debt representing them. In other words, if fiat monies are going to die, the American dollar will be the last to kick the bucket due to sheer size of the US economy

Debt is 10 times larger than the US economy.

The US cannot pay the debt. Simple as that.

It's like a credit card bill that will never get paid. Simply rolls over from month to month. Who pays the bill? We do.

You cannot remove money from the equation because of fractional reserve banking. The system is not honest. What you talk about would be true if the system were honest, but it's not.

Money is essential because a bank with 1 million dollars in reserves is free to loan 10 million nonexistent dollars. It's a fraud, simple as that.
216  Economy / Economics / USD will crash before BTC on: January 06, 2019, 01:04:21 PM
Read this very carefully https://www.marketwatch.com/story/stock-market-investors-its-time-to-hear-the-ugly-truth-2019-01-05

For years critics of U.S. central-bank policy have been dismissed as Negative Nellies, but the ugly truth is staring us in the face: Stock-market advances remain a game of artificial liquidity and central-bank jawboning, not organic growth. And now the jig is up.


It's a ponzi scheme, stupid!

They can't keep printing money forever. The markets are pumped by the FED.

World debt sits at U$ 250 trillion (!!!) right now:

https://www.cnbc.com/2018/07/11/global-debt-hits-a-new-record-at-247-trillion.html

https://www.bloomberg.com/graphics/2018-lehman-debt/?srnd=premium

Nobody is going to pay this debt, EVER. It's never going to get paid. They will roll over, print more money, throw this to the next generation (it's a ponzi, new people need to keep coming in).

By the time our grandsons read this they will be working most their lives just to pay the FED balance sheet.

217  Economy / Economics / Re: Feds raising rates on: January 06, 2019, 12:57:47 PM
The FED fully controls the markets. The debt they've printed is impossible to pay. All they can do now is print more money to prop up the markets.

https://www.marketwatch.com/story/stock-market-investors-its-time-to-hear-the-ugly-truth-2019-01-05

For years critics of U.S. central-bank policy have been dismissed as Negative Nellies, but the ugly truth is staring us in the face: Stock-market advances remain a game of artificial liquidity and central-bank jawboning, not organic growth. And now the jig is up.

218  Economy / Economics / Re: Best way to make America bankrupt? on: January 06, 2019, 10:42:35 AM

I am waiting for the country to go bankrupt, but I dunno how long it will take. What do you think is the best way to speed it up?
I believe many expert will use debt as a gauge to measure the apocalypse.
I think everyone taking a loan will contribute to the debt, but it doesn't make the country bankrupt, it's the people who take the loan will go bankrupt first. I don't think it is the best way to do, so what else can we do?


The current banking system is a ponzi scheme.

It requires exponential growth of production in order to stay afloat. New generations must work 10x as much as the ones before to keep bankers afloat.

The FED has printed over U$ 200 trillion in debt. Nobody's gonna pay this debt, it is nonexistent money they printed for bankers.

They have 2 choices that I can see to surreptitiously default this debt:

1) Start a big war. China maybe? Something big like 1939.

2) Generate another big crisis where the taxpayers will pay for the FED's actions once more.

It's a ponzi. The collapse is only a matter of time, not if but when.
219  Economy / Economics / Re: thinking of selling or investing more. on: January 05, 2019, 11:17:55 PM
Because nobody knows when the market will start to rise. But, as I expected, this time not from Sales just stopped and watched the market and appreciate this time with I family on the grounds that in a few months the market will start to rise. So this time there is no compelling reason to offer. I don't know myself and I can't predict the increase. But if the coin that I hold is valid and worth holding, I better hold it or I have to cut my losses.

You guys realize this entire thread makes zero actual sense?

When should you buy or sell? Nobody knows. If they knew, everyone would be a millionaire.
220  Bitcoin / Bitcoin Discussion / Re: Does Lighting Netowork really scale and for what cost? on: December 31, 2018, 01:06:03 AM
What's the incentive for folks to run LN nodes? Lock up their BTC in exchange for what? Is it worth it?
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