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2041  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 04, 2020, 02:54:40 PM
Blame the newcomer, not the 50 year career politician running for office for the umpteenth time or the Clinton / Bush houses who suddenly are angels of morality.

I don't think power reveals at all. In fact the opposite is more true.

I think the ones who really have power are better at hiding their true intentions and hunger for power behind words, propaganda and deflection.



They did. Trump reversed it.
https://www.nytimes.com/2017/08/28/us/politics/trump-police-military-surplus-equipment.html
Quote
The move rescinds limits on the Pentagon handouts that were put in place by President Barack Obama in 2015 amid a national debate over policing touched off by a spate of high-profile deaths of black men at the hands of the police, including the shooting death in 2014 of 18-year-old Michael Brown, in Ferguson, Mo., by a white officer. Some local residents viewed police use of military equipment during the ensuing protests as an unnecessary show of force and intimidation.

In a speech to the Fraternal Order of Police in Nashville, Mr. Sessions said Mr. Obama had made it harder for the police to protect themselves and their neighborhoods.

Oh you are so right, I forgot that Obama passed that law about outlawing cops putting a knee on someone's neck for 8 minutes, and Trump reversed it...   /s  Roll Eyes

So if you want to debate, try not to make yourself look too foolish.
2042  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 04, 2020, 02:36:13 PM
Blame the newcomer, not the 50 year career politician running for office for the umpteenth time or the Clinton / Bush houses who suddenly are angels of morality.

I don't think power reveals at all. In fact the opposite is more true.

I think the ones who really have power are better at hiding their true intentions and hunger for power behind words, propaganda and deflection.

2043  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 03, 2020, 04:47:13 PM
2044  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 03, 2020, 04:07:34 PM
I'm worried inflation is coming, which means even higher unemployment, fast rising living expenses, and many ppl's savings being whiped out.

If you're confused by the inflation/deflation debate, I recommend this thread:

https://twitter.com/TuurDemeester/status/1268207892286656519?s=20

I can't take the misuse of this terminology any more.

Inflation....Deflation....

Here's my point of view.

Central banks are aggressively "inflating" the fiat monetary base.  Since 2008, the US federal reserve has expanded their balance sheet from .8T to 7.1T.    Post 1
https://twitter.com/PrestonPysh/status/1268204131816218625?s=20

And a whole thread over it.....


Everything that Preston Pysh wrote is DEAD on, and I wish more people around the globe understood this.

Couple what he laid out with this article that describes how MMT espouses excessive money printing combined with lowering interest rates below 4% actually have the *opposite* effect of what the Fed wants to happen:
https://www.zerohedge.com/markets/here-stunning-chart-blows-all-modern-central-banking

Quote
But what about the relationship between rates and savings, and by extension inflation? After all that is the topic of this post. Well, we can now confirm that our intuition from 2015 that negative rates are not only not inflationary but outright deflationary, and encourage consumers to save even more, was correct all along.

Below we post a chart from the latest Research Investment Committee report by BofA titled "Stagnation, stagflation or elevation", which with just one image blows up everything that is flawed with monetary policy. It shows that while lower rates indeed stimulate spending and lead to lower savings, this effect peaks at around 4% and then goes negative. In fact, the lower yields - and rates - drop below 4% - not to mention to 0% or below - the lower the propensity to spend and the higher the savings rate!


2045  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 02, 2020, 06:49:00 PM
Until this buying volume...



Looks like this buying volume



...we're not going anywhere but sideways.  ¯\_(ツ)_/¯

errr...it does not always work this way, especially if we move from speculation to long term investment: see GOOGL and AAPL charts (price-blue line, volume at the bottom):






Yes, but leverage in those markets has also increased exponentially over the last decade, with CBs, investment banks and institutional investors the primary buyers (no mega sellers on the other side). Not as much with the Bitcoin market.
2046  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 02, 2020, 05:01:38 PM
Until this buying volume...



Looks like this buying volume



...we're not going anywhere but sideways.  ¯\_(ツ)_/¯
2047  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 02, 2020, 04:29:36 PM
Hang on a sec brb, gonna scoop me up hot altcoin Theta, looks like the next big thing!

*looks at chart*

Oh wait.
2048  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 02, 2020, 02:36:54 PM
The target of local short-term triangle is above $11000. Which will trigger break of long term resistance line at around $10000. And this will trigger break of giant long term triangle with target well above all time high. This is a start of long term bull run.
No shit, really? Thanks captain Obvious!  Grin  I wonder if somebody's still taking this guy seriously?

Notice that none of these so-called "Bitcoin gurus" tell you to buy a bottom low. In fact they always predict it'll go lower purely out of fear. They are no better than the flaky panic-sellers.
2049  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 02, 2020, 02:02:54 AM
Once you have convinced yourself the movement is fake, then there is no longer any need to deal with underlying causes such as systemic racism, low wages and police brutality.  

Actually you're wrong, Hairy. I do believe some of the protesters are well intentioned. And I do believe that there is systemic racism, low wages, and police brutality.

But do you think that mass rioting, picking fights with cops, looting (blatant stealing), smashing windows, overturning and burning cars, and burning buildings to the ground is actually the right way to go about addressing it?

That it's all going to work great, and the state is going to just throw in the towel, stand down the cops and the military, and wave the white flag?

Actually the exact OPPOSITE is going to happen. It's only going to make matters worse, not better.

Peaceful non-violent protest, respect for your city, and respect for your fellow man (no matter what race or class) is the only way to go on this. Anyone who believes otherwise is a fool.





2050  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 01, 2020, 08:44:41 PM
I have always dreamed of being in a gang. For too long my chicken legs, concave chest, fevered panting and micropenis have been the subject of persecution. Now the boot is on the other foot and it's time to round on someone else.

Kill, lash out, stomp, maim, disfigure.

GET HIM.

I'll be hiding round the corner if you need me.

Well...you could always sign up to work for these guys, I hear they pay well and are swamped with work right now:

https://www.demandprotest.com

Wow, just WOW!

I hear it's a great gig with benefits, such as they supply the equipment you'll need to do the job right:

https://twitter.com/64hunblock/status/1266914365355315200
https://twitter.com/JeromeRussell5/status/1267021503100522497
https://twitter.com/benjancewicz/status/1267495959304515591
https://twitter.com/Conserv17716651/status/1267458034273484808
https://twitter.com/DESERTWXLF/status/1267520788476956674
https://twitter.com/KRHogan_NTD/status/1266952860299857921
https://twitter.com/64hunblock/status/1266914365355315200

...and the pay I hear is really good too

https://twitter.com/knows_ernie/status/1267004166528012288
2051  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 01, 2020, 05:41:01 PM
I have always dreamed of being in a gang. For too long my chicken legs, concave chest, fevered panting and micropenis have been the subject of persecution. Now the boot is on the other foot and it's time to round on someone else.

Kill, lash out, stomp, maim, disfigure.

GET HIM.

I'll be hiding round the corner if you need me.

Well...you could always sign up to work for these guys, I hear they pay well and are swamped with work right now:

https://www.demandprotest.com
2052  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 31, 2020, 10:50:29 PM
And when the cops start 'enforcing' illegitimate 'orders'? What happens then?

Then you fight back, of course.

Tell you what though, let's just get rid of the Police force all together. Too much of a hassle to deal with.

Let's start with Los Angeles, CA. Let's pull out all the cops, and completely disarm the citizens. Sound good?

With no more cops and no more guns, I'm told that it'll become an amazing utopia of peace and tranquility. That the criminals, gangs, & drug dealers will go outside, join hands with law-abiding citizens, and sing Kumbaya together. It'll be amazing, you'll see!

(Or, y'know, it'll become a fucking Mad Max apocalyptic hell hole within 48 hours)
2053  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 31, 2020, 06:11:33 PM
The last available cash must be for weapons and ammunition.
(It is not a joke.)

But at 0.20-0.25 cents a round, bro?

As Boblawlaw would say, sheeiit. They got us there.
2054  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 31, 2020, 05:53:23 PM

I'm not even thinking about ecological disaster or weather wars at this point. But we still have 6 months left in the year to go. Wonder which one will be next...

Well, lots of months left to go until the U.S. presidential election.

My bets are on at least one or more of the following happening:

1) Jewish person(s) targeted again, because hate crime.

2) Another school shooting.

3) The yearly hurricane destruction of the southeastern U.S.

4) Worldwide coordinated cyber attack.

5) Major oil tanker spill off the coast of a major coastal city and/or ecological wildlife preserve, many billions of $$$ damage. Possibly because of a hurricane. Cue Greta Thunberg again.

6) Dogs and Cats living together. Mass hysteria.
2055  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 31, 2020, 04:13:48 PM
Like I said, when the people choose senseless looting and rioting over meaningful peaceful protest, this is what happens.

Blacks did meaningful, peaceful protests. Sports people would kneel during a crappy song and white people went berserk. That's about the least violent, least noisy, least impactful thing you could do and it got rebukes from the President on down.

The truth is they don't want black people to protest at all, just shut the fuck up, take it, and do their jobs.

That's reality. This is where it leads.

https://twitter.com/AndrewSolender/status/1266924387795709954

Well, on one side of this line are hero protesters doing it right. I support these people 1000%.

And on the other side, are people who have lost their fucking minds, and clearly could give a fk all about the death of George Floyd.

Are we really going to sit here and justify the actions of the looters? Who do they think will pay for all of that destruction? The wealthy elites, or the poor tax payers?
2056  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 31, 2020, 03:31:31 PM

This is what senseless rioting and looting will get you...mobilized military at your doorstep and on your street corner. They have the authority to command the public to comply with orders that normal cops don't. That's why you don't want martial law.

And to be fair, that idiot woman was told 3 times to get in her house and she didn't listen, just sat there filming. She's lucky it was just a paintball and not a rubber bullet.

her house Torque, that's the point

they come tell me I can't even be in my yard, on my fucking porch, we are going to have bigger problems

True jojo, I agree. But when the rioting mob shows up in your neighborhood to burn your house down, is that also going to be a bigger problem?

I'm not advocating for statist military, but there are two sides to this situation.

Like I said, when the people choose senseless looting and rioting over meaningful peaceful protest, this is what happens.
2057  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 31, 2020, 02:47:40 PM

This is what senseless rioting and looting will get you...mobilized military at your doorstep and on your street corner. They have the authority to command the public to comply with orders that normal cops don't. That's why you don't want martial law.

And to be fair, that idiot woman was told 3 times to get in her house and she didn't listen, just sat there filming. She's lucky it was just a paintball and not a rubber bullet.
2058  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 31, 2020, 01:17:55 PM
People almost started to seem like they were getting it, there was even agreement between libertarian left/right, but in a strange, purely coincidental turn of events, the media started pushing black vs white, middle class vs poor, business owner vs worker stories that left people more divided than ever.....

That has got to be sarcasm, right? Lol  Cheesy
2059  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 31, 2020, 12:01:41 PM
No white people in America usually only riot for good reasons. Like their football team losing.

Notice that nobody in America (white, black, or any other race) can be bothered to get out of bed to protest or riot over the Banking Cartel just printing up trillions $$$ USD and STOLE it from the American people, which will create even more poverty, inequality, and injustice moving forward.

And they're going to do it again, and again, and again, every 7-10 years, like clockwork. They'll just whip up some disaster on the people as a cover and diversion for their theft.

Yeah, let's loot and burn down the local small businesses but leave the govt buildings and banks untouched. /s  Roll Eyes

RIP Occupy Wall Street. Sad that Americans have their priorities all fkd up.  Cry
2060  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 30, 2020, 05:54:01 PM
Regarding FOMO and bag holders:

https://twitter.com/realjameswoods/status/1266632344732962816
Quote
Looting Louis Vuitton store in Portland. Nothing screams justice like designer handbags.

There Will Be A Lot More Rioting, Looting, And Civil Unrest As The US Economy Continues To Crumble Election Gets Closer and Closer
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