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81  Economy / Economics / Re: Continuous Printing Of Money Out Of Thin Air Has Never Being The Answer on: May 26, 2020, 05:32:19 AM
The current money printing phenomenon is far too weak to fix the structural problems of the world's big economies. The US has borrowed itself into a lost generation or two of debt. When the dust settles after the war, those left standing will have very different priorities that those seen today.
82  Economy / Economics / Re: There's no way this is a "V-shaped" recovery... right? on: May 26, 2020, 05:14:18 AM
It does not matter how recovery will look like. Governments are printing money and increasing country's debts. Economy will recover. It will recover sooner or latter unless the debt bubble will burst. Debt bubble will definitely burst. Covid-19 lockout helped adding a lot more hot air in the balloon. But e have no ideas when the big bang will happen. It can happen this year it can happen next year or in 10 years time. Latter it will happen more ready Bitcoin will be.

This is pretty much the primary concern with governments essentially printing money and gambling on the fact the economy can recover in order to repay the debt. The U.S. economy will take a minimum of 5-10 years to recover and the unemployment rate will take years to fully recovery. I'm not sure how you can justify adding trillions to the national debt within a span of a year and actually want to prolong the lock down.

Do we really believe that the Americans people and politicians are willing to sacrifice and face hardships for a decade?

I strongly feel they will continue to print money to prop up this house of cards, and by the time it really starts to fall, the big guns will come out.
83  Economy / Economics / Re: There's no way this is a "V-shaped" recovery... right? on: May 25, 2020, 02:17:30 PM
There is also another view of not a V-shaped, but rather an L-shaped recovery: https://www.dlacalle.com/en/an-l-shaped-recovery-is-not-an-anomaly-it-is-the-norm/

Logic and arguments in the article all seem valid.
84  Economy / Economics / Re: @GoldmanSachs:“Implications of Current Policies for Inflation, Gold and Bitcoin" on: May 25, 2020, 01:25:42 PM
In case you missed, as I did on my first read, here is the link to register to the Webcast.

https://event.webcasts.com/viewer/event.jsp?ei=1323195&tp_key=71370c5805

From there it would be probably possible also to download slides.
I will try to smuggle all the possible material here, if not too heavilty digitally marked.

thanks for the link, its always amusing to see confident people do a u-turn without accepting any responsibility for their statements.
85  Economy / Investor-based games / Re: Cloud Mining Service - Hashshare on: May 24, 2020, 07:38:51 PM
After a week, trial mining stops and you cannot withdraw because you didn't reach the minimum amount yet.
86  Economy / Investor-based games / Re: Pyramid Scheme That Works on: May 24, 2020, 03:33:33 PM
A Kenyan domain and the words 'pyramid scheme' don't really instill any confidence, even to a clueless newbie.
87  Economy / Speculation / Re: A shorting paradise: next target is 5.5k on: May 23, 2020, 06:58:51 AM
Tell 10 different traders to do TA and you're likely to wind up with 15 different answers. Most TA is horseshit, especially for crypto. A trend line is only valid until it's broken, what kind of crap is that? It's like saying "I predict Stock X will continue to go up, until it starts to go down".

88  Economy / Economics / Re: Coinbase from February 2009 has just been moved! on: May 23, 2020, 05:58:17 AM
worms come out of the ground during the rain

when the grass is cut, the snakes will show
89  Economy / Economics / Re: Probability problem heads or tails ... on: May 23, 2020, 05:51:10 AM
OP needs to go back and learn some basics of probability theory.
90  Economy / Economics / Re: There's no way this is a "V-shaped" recovery... right? on: May 21, 2020, 03:06:43 PM
I dont believe at all in the "V shaped recovery".

I believe there is still quite a lot of risk off sentiment and this will prevail despite the coordinated efforts by Western central banks to print more money and support the various asset classes.

Isn't it a marvel when an entity can issue 'bonds' and the same entity can issue money to buy those bonds (because no one else is buying)?
91  Bitcoin / Bitcoin Discussion / Re: Bitcoin network knowledge poll on: May 21, 2020, 08:12:40 AM
I believe you can still 'use' bitcoin even if not running a node.

It is the users that create the network effect.
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