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Amazing how far this has already come.
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it has now formed a double cup formation.
We know what double cups can do  |
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They were too sophisticated, organised and Photoshop- capable to be random trolls.
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Price is too high for me to join the party again. Bids are well stacked @Cryptsy.
what would be the correct price for you? Something with an appealing price/risk ratio. Under 10 Litoshi. |
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When will the 'kwartje van kok' action kick off?
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Price is too high for me to join the party again. Bids are well stacked @Cryptsy.
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Unless CBs drop Gold as an asset in their vaults, it will be relevant in the future. Either the real economy will catch up with the financial economy, or the financial economy will meet the real economy (or a combination), eventually.
But the waiting is the hardest part. No panic, no gold rush.
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Not a lot of train pictures though...
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...
Would I put off buying a fleet of new cars for my company if cars depreciated more substantially? The answer is "obviously yes."
So you would never ever buy new cars for your company (and why did you purchase cars at all: remember, the fallacy argument is that such purchase is (forever) postponed). [img width]http://doctorfeelgood.co.nz/wp-content/uploads/2014/06/spock-illogical.jpg[/img] Of course I would buy new cars. I just wouldn't buy as many cars in my lifetime as I would if the money I held was going to be worth less next year. I think we are getting somewhere. Definitely progressing to something here. Mild deflation would influence your calculation, but you will not stop buying goods and services. The economy will not screech to a halt with people postponing purchases for the rest of their lives. The balance just shifts. Next item to explore: if the economy does not halt with screeching tyres, what does exactly happen then? I think Maegfaer already raised a few interesting items so no need to start all over again |
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I would really like people to finally put the non-argument... Whelp, calling an argument you can't counter "non-argument" seems like a good start. Would you seriously argue that someone will not purchase a car because he expects it to be 2% cheaper next year? And what about the next year: again no purchase due to the same reason? Asking the question is answering it. It's really a non-argument. Would I put off buying a fleet of new cars for my company if cars depreciated more substantially? The answer is "obviously yes." So you would never ever buy new cars for your company (and why did you purchase cars at all: remember, the fallacy argument is that such purchase is (forever) postponed).  |
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I would really like people to finally put the non-argument... Whelp, calling an argument you can't counter "non-argument" seems like a good start. Would you seriously argue that someone will not purchase a car because he expects it to be 2% cheaper next year? And what about the next year: again no purchase due to the same reason? Asking the question is answering it. It's really a non-argument. |
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Depends on the cause of the deflation. Deflation due to a collapse in aggregate demand is bad. Deflation due to an increase in aggregate supply is good, at least in a healthy economic system. Any deflation is bad in the current system because there's way too much debt.
This sums it up better for me than the countless numbers of posts on this topic. A little monetary deflation is just the opposite of a little monetary inflation. Nothing dramatic. I would really like people to finally put the non-argument of people postponing purchasing of goods due to falling prices to rest. No one has unlimited time on this planet so no one is going to walk for another year (and then again as in perpetuity) because a car would be 2% cheaper the next year. We deserve better thinking. |
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Spoiler: The movie ends badly for that train.
Spoiler: but freedom is regained. |
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What's going on here, gentlemen? I leave you on your own for a few hours, and you start ...what is it you call it? Wilding? This doesn't foster trust, gentlemen. Not at all  We hare having a special night.  |
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Bitcoins: The Second Biggest Ponzi Scheme in History
Masses get ready to be slaughtered!! I see blood.
Bitcoins will go down in history as the most spectacular private Ponzi scheme in history. It will dwarf anything dreamed of by Bernard Madoff. (It will never rival Social Security, however.)
Nope, no Gary North over here. No Gary North over there. But Google got that line pretty fast (9 minutes...)  |
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If memory serves there is at least one exact copycat of bitcoin. A different chain. Guess what - worth nothing.
Yes - Bytecoin (BTE). And guess what: it's not zero yet |
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and where is the next page?
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The universal success of centralization and nation-states speaks for itself, as does nonexistence of alternative.
Face it, if [insert libertardian/anarcap flavor here] worked better than centralization, it would have displaced centralisation.
Why is this still being discussed?
The feudal lords vanished also at a certain point. No stopping this one. |
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The waiting is the hardest part.
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I would rather see it from a social point of view. Man does not changes his way easily, especially with something so misunderstood like money. It will take time but the seed - a great idea - has been planted.
An idea whose time has come, is unstoppable.
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