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821  Alternate cryptocurrencies / Altcoin Discussion / Re: NVC killed BTC-E and Coinotron? on: February 14, 2013, 08:23:17 PM
Somebody offers you a transparent service to trade something with others.. this is a scam how?  

When BTC-e devs worked for MMMCoin I didn't see all this fuss here.  

Really, if you don't want any don't buy them.  

Keep up the good work BTC-e support - -
A "transparent service" doesn't accept bribes.

Fair enough..  but some people would refer to this as advertisement.  These aren't police or politicians.   If you paid google they would put an ad for cosbycoin.   

Anyway, I'm waiting for the Dmitri video to come out.      
822  Alternate cryptocurrencies / Altcoin Discussion / Re: NVC killed BTC-E and Coinotron? on: February 14, 2013, 06:25:50 PM
Somebody offers you a transparent service to trade something with others.. this is a scam how?  

When BTC-e devs worked for MMMCoin I didn't see all this fuss here.  

Really, if you don't want any don't buy them.  

Keep up the good work BTC-e support - -
823  Other / Politics & Society / Re: There is a man who has declared war against the Los Angeles Police Department... on: February 14, 2013, 05:26:35 PM
How could we be surprised? 

Almost 20 years now since they burned alive 21 kids under 16 years old in Waco.

They received promotions for it.   



824  Other / Politics & Society / Re: State of the Union: Obama plans to control and ruin 3d printing. on: February 14, 2013, 05:16:51 PM
'The State Of The Union Is Strong,' Says Man Responsible For Shielding Nation From Truth

http://www.theonion.com/articles/the-state-of-the-union-is-strong-says-man-responsi,31275/
825  Economy / Economics / Re: Did Krugman just admit that deflation has been good for Japan? on: February 13, 2013, 05:08:42 PM
Strict immigration controls and trade protectionism are never a good thing, regardless of whether in a deflationary or inflationary system. The rest, sure.

+1
826  Economy / Economics / Re: "5 Reasons Not to Buy Gold" - study by the Natl. Bureau of Econ. Research on: February 13, 2013, 11:10:07 AM
I brought to the table counterexamples of your theory, which as I understand it was: an appreciating currency means difficulties for your production economic interests.  My counterexample was Switzerland, 1970-2010.  I specifically mentioned Nestle, watch industry, and biotech.

August 2011

Quote
ZURICH—Global food maker Nestlé fell victim to the soaring Swiss franc, which pushed first-half sales down 13%.

Quote
Profit was 4.7 billion francs, down 14% from 5.45 billion francs.

The franc, which has gained 24% against the euro and 32% against the dollar in the past year, has been an enormous drag on Swiss exporters. A strong currency hurts exporters because it means their prices are higher in overseas markets, making their products less competitive.

Straight from the Wall St. Journal, about your "counterexample" Nestle.  Now please stop talking, you're just embarrassing yourself.


So August 2011 is month which is a good indicator of performance 1970-2010?  How did Nestle do during the period I mentioned, in which the Franc had some 400% gain against the dollar?

Anyway lets talk about your WSJ quote, because I disagree with it anyway and it is a bit deceptive, seeing as in Aug. 2011 there was a small correction in price but the stock was still up ~50% YTD, and it implies companies would prefer their assets to depreciate in value.     

How about we rephrase it a bit:

The strong bitcoin, which has gained 1000% against the dollar, has been an enormous drag on Silk Road merchants and Alpaca Sock exporters.

Do you still buy it? 

Well I do admit there is a grain of truth in what you say, in that relatively wealthy nations have to pay higher labor costs and so find it difficult to compete in certain foreign markets with cheap labor.  Perhaps you will also admit that the motivation of individuals when robbing the wealth of a nation is not only to increase the competitive edge of the export sector in cheap manufacturing?   







827  Economy / Economics / Re: "5 Reasons Not to Buy Gold" - study by the Natl. Bureau of Econ. Research on: February 13, 2013, 12:36:44 AM

Damn, so close.  I provided you with examples, charts, quotes, articles....  If you don't see it I'm not going to waste anymore effort in trying to help you along.  If you're willing to bring something to the table, some modicum of evidence to support your argument, then maybe we can continue.  Otherwise I'm done.


You provided me with quotes from people who are printing money for themselves, providing not believable excuses on unscientific grounds why its ok for them to confiscate wealth of others.  Philipp Hildebrand said so. 

I can prove pirate will give the money back: "I will repay soon" he said.  Want a chart with that? 

I brought to the table counterexamples of your theory, which as I understand it was: an appreciating currency means difficulties for your production economic interests.  My counterexample was Switzerland, 1970-2010.  I specifically mentioned Nestle, watch industry, and biotech.

Granted, it's hard to impossible to make a controlled experiment in economics.  In this case, your hypothesis predicts great growth in industrial sector in Zimbabwe, Argentina, and Venezuela about now.  Also USA in the last 15 years should have shown great growth in export sector according to your theory.  Forgive me for not being strongly compelled.   
 

 
828  Economy / Economics / Re: "5 Reasons Not to Buy Gold" - study by the Natl. Bureau of Econ. Research on: February 12, 2013, 06:44:56 PM

And you still can't see why the SNB is trying to peg to the Euro?  I really don't know how I can make it any clearer. 


No, I don't see.  I'm not sure who the SNB players are, how they are connected with the big 7, what kind of relationships they have with the ECB or other banks, and what Swiss industries they work with.  Sorry, I'm just not connected enough to know more and heck if we did we wouldn't be posting here Smiley 

Yes, it sucks to lose your customers.  Yes there are difficulties in the Euro block economy of which Switzerland is a part.
No, I don't see any evidence to believe that having a strong currency is the reason for these problems. 
If you want to pay employees less, why not just lower their salary? 

829  Economy / Economics / Re: inflation (Kondratieff Winter) on: February 11, 2013, 06:42:53 PM
Socialism/communism is .....

A totally undefined term which apparently you are using as a scapegoat for some kind of your own personal difficulties.

You'll know it when you smell it .... as to my personal difficulties, lets just say they have more to do with Euler than what you seem to be trying to smear me with.

Smiley 
830  Economy / Economics / Re: "5 Reasons Not to Buy Gold" - study by the Natl. Bureau of Econ. Research on: February 11, 2013, 06:39:41 PM

I'll give you one more example, the Swiss Franc.  Why did the Swiss National Bank peg to the Euro if a highly overvalued currency is a good thing for an economy?

In Sept 2011:

Quote
The Swiss National Bank in effect devalued the franc, pledging to buy "unlimited quantities" of foreign currencies to force down its value. The SNB warned that it would no longer allow one Swiss franc to be worth more than €0.83 – equivalent to SFr1.20 to the euro – having watched the two currencies move closer to parity as Switzerland became a "safe haven" from the ravages of the eurozone crisis.

Quote
The SNB pledged to enforce a "substantial and sustained weakening of the Swiss franc", adding that it might move to an even lower exchange rate against the euro if needed.

"The current massive overvaluation of the Swiss franc poses an acute threat to the Swiss economy and carries the risk of a deflationary development," said Switzerland's central bank.

http://www.guardian.co.uk/business/2011/sep/06/switzerland-pegs-swiss-franc-euro

It's a global economy.  To SELL globally, you need to have buyers in other currencies be able to afford your product.  If the price of your product skyrockets (currency appreciation), it becomes more expensive to your buyers (importers) and thus, they will buy less.  This is basic economics.  If this was "beaten down" several times on this forum, then by all means, post some examples where an overvalued currency is good in the long-term for a country that conducts heavily in international trade.  My examples are above, I'll wait for yours.


Perfect example!  Thanks, I have been thinking about this one too.  

First, imagine yourself in the shoes of a SNB representative / employee.  You don't need to follow the news of the names and dates of the moves (yes there have been scandals in the news there) involved to realize, yes, of course you could have made a bundle on this deal and probably still can as the "infinite wall"  at 1.2 Euro is still there.  What are they going to do with all the euros they have bought?  They will still buy as many as you want to see at 1.2, by creating francs.  You asked why they are printing all these new Francs.  In my opinion free money is the real incentive there.      

Seems to me quite a sad day (ok, ~1.5 years already) for the strong history of the franc.  

To sell globally, yes you need to price your product competitively at its quality level.  If you are selling the product for bitcoins, gold, francs, euros, whatever, you will need to find a price range to deal with your customer.  As a company, if your assets become very valuable, how is this a bad thing?  Yes there are details, minimum wage laws, taxes, imports, etc..  but this quote:

Quote
The current massive overvaluation of the Swiss franc poses an acute threat to the Swiss economy[/b] and carries the risk of a deflationary development," said Switzerland's central bank.

is a total joke imho.  "Massive overevaluation of the franc"  (sic) has been an incredible boon to the Swiss economy over the last century, while other central banks were busy looting the citizens with savings there seems to have been some measure of anti-corruption or something in place which has saved Switzerland.  CHF was worth about 0.25 USD 40 years ago.  You might notice that Nestle, Basel's bio-industry, watches, etc. have done just fine during this period of "massive overevaluation".  Sadly it appears that is over now, if the national bank is issuing such deceptive statements and following or making deals with other monetary bandits.  

The real losers here are the holders of CHF, and unfortunately the reputation of the banking sector there is losing as well.  On the plus side, the infrastructure is still some of the best in the world, there is a great educational system, a skilled and organized work force, and I expect the large fund of euros purchased with newly created francs will not be as easily looted as it would be in NY or DC.  



  

 

 
831  Economy / Economics / Re: inflation (Kondratieff Winter) on: February 10, 2013, 01:38:02 PM
Socialism/communism is .....

A totally undefined term which apparently you are using as a scapegoat for some kind of your own personal difficulties.
832  Economy / Economics / Re: "5 Reasons Not to Buy Gold" - study by the Natl. Bureau of Econ. Research on: February 10, 2013, 01:14:44 PM

Why do you think Germany is still in the Euro and continues to bail out countries like Greece?  Germany is hardly known for their charitable nature.  The reason is if they left the Euro and returned to the Deutsche Mark they would be screwed.  Why?  Because like China they're a heavy exporter and the strongest of the European union.  If they left, the Euro would rapidly devalue (as countries default on sovereign debt) and the Deutsche Mark would take off like a rocket.  Being a heavy exporter, this would cause a great amount of damage to their economy. 


The problem with your logic here is that there is no person called "Germany".  Rather, persons with acting on their own interests represent the nation of Germany.   There are German citizens who can take advantage of Euro printing for their own interests.  There may be others who would benefit from a return the Mark.  There are probably others who are paid well for claiming that strong currency would hurt the economy, as you have claimed here..  generally those economists are paid by those who can benefit from monetary inflation.  From the point of view of a citizen or private business owner, its hard to see how being robbed (having your currency devalued) is a good thing.  Your claim that a heavy exporter would be hurt by having their assets go up in value is difficult for me to follow and has been beaten down several times in this forum. 


 
833  Other / Politics & Society / Re: Meet the groundbreaking new encryption app set to revolutionize privacy. on: February 06, 2013, 10:08:52 AM
For encrypted voice/video/chat, use Jitsi or RetroShare on your computer.  Pidgin has a plugin that can do encrypted chat, but no voice.  I like Jitsi.  I can just chat with people over googletalk and it's really easy for my friends to install and configure.

For Android there is Gibberbot

For Iphone there is ChatSecure.

You don't need to pay $20/month for SilentCircle.  This is plenty of open source software.  Use it.

+1
Thanks! 
834  Economy / Economics / Re: Which country will be the first to use gold? on: February 05, 2013, 05:19:11 PM

I'll guess Ur.  Or perhaps Lemuria.   
835  Economy / Economics / Re: The federal reserve collapse... and rise of bitcoin? on: February 05, 2013, 04:57:31 PM

[...] both the BoE and Fed want to preserve the value of their currencies, not debase them through printing.



Those three letter acronyms do not refer to individuals, so it is incorrect grammar to assign such a "want" or behavioral tendency to them.  Rather they are made of individuals which have their own incentives and behavioral tendencies like the rest of us. 





Quite right. I meant to imply the management and institutional culture of these organizations...

Well I'm not sure I agree.  If these organizations encouraged their members to preserve values of their currencies, why have they instead steadily debased them over the last century? 
836  Bitcoin / Bitcoin Discussion / Re: How to tell Iran customers to get Bitcoin to pay the bill? on: February 05, 2013, 04:55:09 PM
Q: Who in his right mind would sell a nontrivial amount of Bitcoin for Iranian currency.
A: No one.


A2: Anybody who was in Iran and needed the Dinars to spend on goods and services there. 
837  Economy / Economics / Re: inflation (Kondratieff Winter) on: February 05, 2013, 04:46:35 PM
I definitely see inflation picking up over the next few years in the USA especially. The Fed just keeps on printing to fund trillion+ a year deficits.

I agree but if you are talking about price inflation that takes many years to trickle down.
838  Economy / Economics / Re: The federal reserve collapse... and rise of bitcoin? on: February 04, 2013, 11:40:22 AM

[...] both the BoE and Fed want to preserve the value of their currencies, not debase them through printing.



Those three letter acronyms do not refer to individuals, so it is incorrect grammar to assign such a "want" or behavioral tendency to them.  Rather they are made of individuals which have their own incentives and behavioral tendencies like the rest of us. 



839  Other / Politics & Society / Re: Move to New Hampshire for more freedom on: February 03, 2013, 12:23:13 PM
As much as I like the sentiment, we should also point out here that there are 195 other countries on this planet all of which offer you a lower chance that you will be a political prisoner. 



840  Other / Politics & Society / Re: Apparently this London mural is anti-Semitic. on: February 03, 2013, 12:15:03 PM
Those guys around the table are clearly European. 
Also the guys under the table look like they could be central african. 
Also Milton Bradley is implied. 

So what?   Nice mural, thanks for sharing. 
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