yay to the US of A!

yes, and ApplePay just served to further legitimize that trend.  i find it interesting that they reopened their app store to Bitcoin wallets only 1-2 mo before their announcement.

lots of squeeze potential:

that's clearly a factor as well as even i stated in this thread before.  the reasons are multifactorial no doubt.  this thread is long b/c there are lots of different ideas as to why it is happening and we are just trying to flush them all out in different ways and with different nuance.

i still think digital dollars and the speed with which they can be teleported to a crisis region to prevent massive dollar debt defaults is clearly a reason that enhances stability and recovery.  gold can really only go up when there is instability and fear.  whether you call it foul play, manipulation, or moral hazard doesn't matter.  the main point being that it has defeated any significant advancement in the gold price by stopping any normal gold flows b/c gold is just too slow.

furthermore, i still think this dollar digitalization, or dollar hegemony if you prefer, is causing deflation on a broader scale.  commodities continue to fall in price reflecting declining demand.  the lack of wage increases for the broader population makes things too expensive for most.  

how can Bitcoin help in deflation?  by bringing fairness and mathematics to the table and by removing corruption and a small, elitist group of counterfeiters.

so yes, the question remains, will BABA top tick the stock mkt?



sell it off baby, sell it off:



and yes, i do think we have an excellent chance at bottom ticking Bitcoin:

that's what he says.

the real question is whether you think he's as stupid as he sounds.

yee haw!

but they don't have to.  the Fed keeps buying their bonds and shoving rates lower.  you know; black hole sh*t.

this is another sign of golds defeat.

it's really sad to listen to the die hard gold bugs frustration.  i can hear the heaviness and fatigue in Eric King's voice in all his interviews nowadays.  they are truly confused.

http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2014/9/21_Bill_Fleckenstein_files/Bill%20Fleckenstein%209%3A21%3A2014.mp3

i don't know how any gold bug can even argue with me that this defeat hasn't already happened and in fact has been going on for several decades.

gold has never been able to enforce fair interest rates or stop the Fed from printing.  we don't need to know anything else except for the fact that the price of gold has been languishing.  the only means for it to enforce that discipline would be for its price to skyrocket caused by, or as a result of, the masses fleeing to it as a safe haven.

for gold bugs to argue that we should put our hard earned savings into gold in the face of the events of the last few decades is like the NSA saying to trust it with our personal data despite the fact the Eric Snowden just stole all our data.

if i'm right that the digital dollar has already defeated gold as a form of money, then it doesn't seem too far fetched at all that a significant portion of the $8T gold market can come into Bitcoin.  maybe even most of it.

last nite i was thinking about what exactly has enabled the USD fiat system to defeat gold over the last few decades since the 1970's after we depegged. i think the answer is digital dollars.

normally when we talk about the relationship of fiat to gold, we talk in terms of paper dollars that are printed out of thin air.  yes, a piece of paper is lighter than an ounce of gold so naturally we'd prefer to carry those around.  and in the Money is Memory paper, we refer to this as a technological advance.  but really, it's the digitalization of those dollars that has made gold obsolete.

as you know, 93% or so of the USD monetary base is digital dollars.  with these digital dollars and the digital debt that can be instantly leveraged from them, the Fed can instantly transmit them round the world to put out dollar debt crises.  all it now takes is a few strokes on a keyboard along with the Internet and the money can be there.  the Euro swaps extended to the European banks back in 2008 come to mind.  this ability to digitally transfer dollars in the form of swaps or loans to those regions before a true crisis can get off the ground is what allows the Fed to put out financial crises before the local price of gold can skyrocket and enforce sound money principles. before digital dollars existed, the local price of gold would go up in a crisis causing gold from outside the country to start moving into the region to satisfy the extra demand and arbitrage away price differences.  with time and with a little contagion, worldwide prices of gold could rise as well.  unfortunately gold, being from the physical world, can't find its way quick enough into a crisis zone nowadays simply b/c of its weight and bulk.  digital bailout dollars are too fast.  what makes it even worse is that most gold is tied up in NY and London because of the physical bulk security needs and convenience for countries and institutions.  but even major countries like Germany can't seem to get at their gold stores at the Fed when they want to.  thru stalling tactics, the Fed can buy itself time to provide alternative bailouts or assistance to countries or regions in trouble and when the will is there, they can digitally transfer dollars in the form of loans or swaps to recipient countries instantaneously.  and now, after all these decades, a moral hazard has built up and countries even expect a certain level of digital dollar bailout as Argentina recently tried to negotiate. this further takes the pressure off the gold price. but as we've seen, the problem is that the digital dollar system has become very political and corrupt.

the point i am trying to make is that gold has already been defeated by a digital currency. it's just that the gold bugs can't conceptualize that. they continue to talk in terms of "paper money" and "printing" in relationship to a scarce, heavy, beautiful hunk of metal.  these terms are holdovers from an age gone by.  these physical constructs in their minds serve to embed their misunderstanding of what's been happening.  they misunderstand what's causing their frustrations. digital money is already here folks and it's working; just not ideally.  

when viewed from this perspective, Bitcoin suddenly makes alot of sense.  it is an even better digital money than the digital dollar that is not effected by politics or corruption.  and it can easily compete with the digital dollar through the efficiencies it brings, as it eliminates intermediaries, inflation, and costs.  it even works at the level of the individual where digital dollars can't compete.  and most importantly, it removes the Fed.

sorry if these concepts are already obvious to some but i don't recall it ever having being put exactly this way.

i've been ignoring this one all day but then decided to take a look.  lol:

Million dollar smile

the US laid bare:

http://www.zerohedge.com/news/2014-09-22/first-germany-now-france-folds-syrian-airstrikes

lol, finding out more and more about him.

The divergence is coming

Breaking out.  just look at that volume from Friday:



escape velocity:

Dow -108

bouncing on schedule: