 Show Posts
|
|
Pages: « 1 2 [3] 4 5 »
|
|
The arrest is bullish because big money wants in so they want druggies out.
Bitcoin is far too useful and powerful to be left to the small time dealers and launderers. Thanks for bootstrap kids, now be off with you.
Blatantly timed to the New York hearings, it's simple stick and carrot. Because we can deal with these legacy bad apples, you can have this good business stamp of approval in the next few days.
This sell is like the SR bust, lots of panicky flapping, then, with scene a bit cleaner another level of buyer can come in. It was that demonstration of apparent state control that fired the rise last summer. This will do so again.
|
|
|
|
Anyway anybody with half a brain probably gets it by looking at this chart:  Of course when you purposefully deny the possibility that what the economic collapse next week bloggers tell you is wrong you might choose to ignore it. Lol, that article is a hoot. For instance: Or, rather, all the money that's been created is sequestered from the actual economy and may as well not exist for most purposes. That chart shows the monetary base expansion under TARP and QE1,2,3. The money is used to buy gov't bonds or other financial assets. That is the official claim from the Fed. Either the Fed is lying or the author is an idiot. If the author is correct, the Fed is lying. In this case, the money is probably parked in the banks waiting to cover a massive, anticipated run on bank accounts. Chances are, however, that the author is a moron and the money is simply being injected into the world economy at some unknown rate. Even if the FED is lying and the author is an idiot the US doesn't appear to head into an area of hyperinflation. And actually there is an article which explains what the FED actually think it is doing, it's too complicated for me but since you claim to know all about economics perhaps you get something out of it. http://www.newyorkfed.org/research/current_issues/ci15-8.pdfInflation is inevitable once that money fully enters into circulation. Precisely where that money went and what it's being used for is not a matter of public knowledge. But you can bet that it won't just sit somewhere. All the goldbugs are saying is "They created a tremendous amount of money over a very short period and it will eventually be used. The question is when and how." I think I'm not understanding this... doesn't that article state that the bulk of the money (difference between red and blue line) is parked at the fed as "excess reserves"? Does the fed use it for something or does it just sit there? If it just sits there it seems to indeed be a matter of public knowledge, no? The Fed is just helping the banks rebuild and strengthen their balance sheets in line with Basel 3 |
|
|
|
Funnily enough, James Turk has been suggested as ANOTHER (always capitalised by convention  ) though I'd always assumed him to be older and middle-eastern. Some sunglass-wearing OPEC advisor perhaps, disillusioned by the 70s, coughing up a final confession. I imagined ANOTHER as some similarly aged/experienced and disillusioned old money scion. I actually prefer your vision as I think about it and remember back to the time when I did a lightning parse through his and FOA's work. Or a complete fraud. I never would have expected Turk. I've always considered him something of a clod intellectually. Or more accurately, with respect to his ability to think in an orthogonal manner and separate himself from his own interests. You're right, of course, ANOTHER (and FOA) was far more elegant and many-dimensioned. I think Turk was only considered because he spent the 80s in the Gulf. |
|
|
|
ah, the original kitco vortex, i remember it well ... did anybody figure out who "another" was? .... was wild for it's day, now a lot of that knowledge is common place Indeed, his eye-opening suggestions for the whole gold / oil / dollar / world events was pretty wild, and fodder for a whole set of previously isolated non-conformists. It's easy to forget how much voice and community the internet has shared out. After kitco came up in this thread recently, I had a quick look and found this partial archive: http://bgmi.us/web/kitco/Kitco1990s.phpI had a short wander through it, but it was like picking over a misty battlefield during the following dawn. Too many cackling ghosts. I stopped when I was surprised by one of my own (insignificant and peripheral) posts. Funnily enough, James Turk has been suggested as ANOTHER (always capitalised by convention ) though I'd always assumed him to be older and middle-eastern. Some sunglass-wearing OPEC advisor perhaps, disillusioned by the 70s, coughing up a final confession. .... was wild for it's day, now a lot of that knowledge is common place Yes that forum opened my eyes a fair bit and doubt i would be involved in btc today if not for it. I was just going to add +me, but then it struck me that possibly none of us would be here, for surely btc itself is rooted in the collision between gold and the internet? Would it have existed without the coming together (at kitco, but also the e-gold and beenz experiments) of old, experienced men of the world like ANOTHER prepared to share their worldview and bright young anarcho tech heads prepared to do something about it? You could think, in fact, that Satoshi was influenced by ANOTHER: careful anonymity (even with probably cultural misdirection), planting influential ideas, then disappearing. Perhaps both graduates of the same spook school? |
|
|
|
The Winkles are setting up a retail fund - a completely different set of hoops to jump through.
Second Market and Fortress are effectively Street insiders front running the twins.
We here have a very rare (for a random public individual) chance to front run the Street. Our time to accumulate is nearly over. When your cold storage is full, just sit tight and get on with life.
In a few years time, when you happen to see the mass market papers telling people to buy into the proven Winklevoss fund - then slowly start selling.
This is the most salient point about bitcoin that most people miss. This opportunity just doesn't come along every day. Maybe only once a lifetime. A similar profit-making event was buying common domain names in the late 1980s, early 1990s. http://en.wikipedia.org/wiki/List_of_the_oldest_currently_registered_Internet_domain_namesFew people thought of it then. Actually, plenty of people thought about it - I remember emails going round suggesting it as an easy way to make money off wealthy corps or individuals who would eventually have to pay your price. It took one phone call to have it confirmed that IP law wouldn't stand for "passing off". Most settled out of court, but it was a bit of joke really to think that McDonalds' lawyers would advise paying off Joe Basementdweller rather than enjoy some easy fees. The ones that did get money were those who could show that they had a fair entitlement to use the domain, or had a great generic shout like "sex.com". Later, the Man made sure with the Anticybersquatting Act http://en.wikipedia.org/wiki/Anticybersquatting_Consumer_Protection_Act |
|
|
|
|
The Winkles are setting up a retail fund - a completely different set of hoops to jump through.
Second Market and Fortress are effectively Street insiders front running the twins.
We here have a very rare (for a random public individual) chance to front run the Street. Our time to accumulate is nearly over. When your cold storage is full, just sit tight and get on with life.
In a few years time, when you happen to see the mass market papers telling people to buy into the proven Winklevoss fund - then slowly start selling.
|
|
|
|
|
Welcome, jballs. I hope you stick around.
|
|
|
|
|
It would really help (when trying to read so many posts) if people used "resistance" and "support" in the conventional way.
In the outside world price doesn't meet resistance on the way down, it finds support. People's points can be lost if you have to re-read several times because the language makes no apparent sense.
|
|
|
|
excuse me, the system saw the threat of the Hunts unmasking their charade and changed the rules mid battle
Ridiculous to even think that the Hunts were instrumental in anything of substance. Well they did show that having at their disposal sums greater (in adjusted terms) that the entire current bitcoin market cap (satoshi included) couldn't corner the market. You need to get a reality check into your big fish/small sea perspective. Running a 10 man organisation that does well in the Finnish retail silver market does not make you a player. If I go to my local corner shop and try to buy 5,000 litres of milk, the fact that they can't give it to me there and then doesn't mean there's worldwide shortage of the white stuff. You can go and buy as many Good Delivery Bars as you want on Comex (despite the internet paranoids). They can keep selling them till long after you and your power brokers run out of money. Sure, they're reluctant to deliver, because its a complete pain in the rectum to move a few thousand ounces to yet another internet "short squeezer" so they would rather you take the money. But they certainly can deliver if you insist and pay the charges. As I said this has been going on a long time and you certainly ain't the first to try. It's a shame that your good stuff gets drowned in your delusions of grandeur and unhealthy addiction to extrapolation. But, whatever. I'm out. I've made enough to spend time walking the dog and not have to do this. |
|
|
|
If someone would take the effort to call the worldwide silver bluff, he will not take fiat.
Can't you see it's close to "buy all the bitcoins". No, silly. We are talking about short covering here. Sometimes it does no good but to repeat: If someone would take the effort to call the worldwide silver bluff, he will not take fiat.Well, that's like, just your opinion, man. And it isn't made stronger by repeating it or underlining it. All I'm saying is that this silver shortage idea is, far from being a radical insight, in fact the internet-based speculating convention that has been preached at least since the days of the kitco forum mentioned above. I believed it myself at one point, but after several years changed my mind and sold. As it has been wrong for the best part of twenty years you should at least consider the possibility that it's still wrong, very possibly going to stay wrong, and causing you at least opportunity cost. I happen to think this idea was a master stroke by those wishing to keep an essentially dying commodity market going with fresh money. The buying and selling involved has served dealers well, but they do themselves no favours when they break the cardinal rule of dealing and start believing. However, it is these differences that make a market and I wish you luck. |
|
|
|
If someone would take the effort to call the worldwide silver bluff, he will not take fiat.
And who is this "someone"? You? Can't you see it's close to "buy all the bitcoins". It ain't gonna happen. Forty years ago the multi-billionaire Hunts had a go (back when a billion really was a billion). They had their butts handed back. For the last decades every anarchy-conspiracist who's read Ted Butler thinks they've found "the squeeze". You seem to have made a good living buying and selling the stuff - don't do your own gear. excuse me, the system saw the threat of the Hunts unmasking their charade and changed the rules mid battle Yup, that is the system |
|
|
|
If someone would take the effort to call the worldwide silver bluff, he will not take fiat.
And who is this "someone"? You? Can't you see it's close to "buy all the bitcoins". It ain't gonna happen. Forty years ago the multi-billionaire Hunts had a go (back when a billion really was a billion). They had their butts handed back. For the last decades every anarchy-conspiracist who's read Ted Butler thinks they've found "the squeeze". You seem to have made a good living buying and selling the stuff - don't do your own gear. |
|
|
|
|
No doubt. At the end of the day, we're amongst friends here: just quibbling at the margins of our preferred PM:BTC:$:property:etc ratios
|
|
|
|
Everyone has their price Hehehe, i think you underestimate the new breed coming through .. this is about money but is NOT about THE money. Hehe, who would accept fiat in exchange for delivery of silver. If they don't have BTC or silver, they better have gold. Lots of it  Er, pretty much every player, every settlement day. People take profits, reinvest, diversify, pay school fees... There's a whole world out there of people making money on the opportunities and passing on the the kool-aid. |
|
|
|
|
Ha, good point. That would be the real black swan.
|
|
|
|
I'm not so sure ... if a determined group of crypto holders were to effect a physical short squeeze in the PM market things would get very, very interesting.
It is largely due to the unwillingness of the billionaire establishment set to take on the fiat banksters in the PM markets and dump their debt 'assets' that the wretched paper game has gone on so long.
Everyone has their price. Go play with Comex, with or without friends taking large positions, promise yourselves you'll insist on physical delivery. The price will go up to match, and they'll end up throwing money at you to go away. At some point you will. Edit: personal specifics removed |
|
|
|
But the squeeze in silver is coming, my mentors have explained that.
The squeeze in silver has been imminent for at least the 15 years since I first bought. Hell, I remember the Hunt brothers trying to help it happen. Your mentors are playing you. |
|
|
|
yeah, the old kitco board was a hoot, anyone remember GotGoldies, oh man, lots of luls
finally a bunch of us tired of it and ran off to a private silver board, had good times there too
So many handles forgotten. I do remember we had a meet in London, people came from all over, Europe, even New Zealand. Folk handing out coins, drinking in the old Bank of England vaults. I think most sold out long before Squillionaire Acres, lots sold after the world didn't end on 1st Jan 2000. Some of the guys that were greybeards then must be past caring... |
|
|
|
I miss the old kitco board. That was good times.
There you go, and i thought the good times are now. New ATH left right centre This is too easy, a no-brainer. Back in them days we had to fight, goddam kids today ain't got no idea... |
|
|
|
I miss the old kitco board. That was good times.
A gulp, a puff and a crunch to ya! Namaste. |
|
|
|
|
