I'm not talking about excess, I'm confused over the stifling poverty in what should be a prosperous and resource rich nation.
No country has enough natural resources to sustain a high standard of living for 200 million people. Australia and Canada have a hard enough time doing it, with a far smaller population, due to the boom-bust cycle where commodities can tank in value or demand can collapse overnight and millions can lose their livelihood as a result. I don't really see what avenue there is these days for developing an economy.. you can't out manufacture the quantity of East Asia or the quality of Europe... There might be a lot of money in tech but tech is very efficient where all the demand for software and products are already being mostly met by a few tech companies based out of California and other tech hubs in the United States. Interesting points, thanks! Paints a bleak future though. |
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Is it due to the semi fascist government misallocating resources or is it something else? obviously the drug laws do not help which create a problem when there shouldn't be one.
This is a complicated subject, but it is something that I would like hopefully some native Brazilians to tell me, other than my Brazilian family.
Thanks!
Most of country can't be rich as USA. That's a nature. BHAAHAHHAHAHAHAHAHAHAHAAAA! America rich  that's rich, you seriously think all that paper is worth something? I think he means the standard of living on TV. |
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Feels like we need to test 300-305 again. But the honeybadger does as it pleases.
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Another reminder I always told myself or anyone that I talk to in order to promote bitcoin is that, investing in crypto is a long-term investment. The fundamentals are there, the concept and technology are there, what it needs is time for it to stabilize and adoption to pick up.
I would still call bitcoin a very speculative 'investment'. I always couch this whenever I talk to someone new to it. |
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Bad government policies, racial issues, colonial legacy, developing worls issues like corruption and nepotism
The usual suspects I am afraid
Okay, thanks. I have visited once, and I thought that while developing it still had potential to do well. |
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Well it's a mixture of all those factors which is right, you also have the issue of hyperinflation, paper money never leads to prosperity in an economy.
Yes my father in law has lost much money in inflations and bank holidays. But this is more of a state issue made worse by fiat. |
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I'm not talking about excess, I'm confused over the stifling poverty in what should be a prosperous and resource rich nation.
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I'm a British expat working in Amsterdam and I think the EU is a total clusterfrack of closet communists and corruption. UK should leave... It's not like I won't get a visa to work here. Borders are bullshit anyway, but hey some control of the country is better than the diminished law making powers under the EU. My bet is that the UK will stay by a slim margin... Anyone know any sites that I can make that wager?  |
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Is it due to the semi fascist government misallocating resources or is it something else? obviously the drug laws do not help which create a problem when there shouldn't be one.
This is a complicated subject, but it is something that I would like hopefully some native Brazilians to tell me, other than my Brazilian family.
Thanks!
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A anarchic society cannot exist for the state is an extention of the free market. They are two sides of the same coin. State social programs are prevalent in nations where public health is in order and there is less crime
I think you need to come back here when you have that neomarxism sorry Zeitgeist out of your system. Been where you are today in the past. You need to learn that Free-market= no coercion. the Zeitgeist is a tempting way to explain the world and wraps up a lot of truth in the mix of it's false logic. Welfare states as a generalization are prevalent in nations that have undergone significant advances in technology and industry, they are not the cause for the increase in standards of living they are the result of the Free-market creating prosperity that people cynically sorry compassionately redistribute to the bitter end. I don't actually believe anarchy is even realistic for the next century, but I do believe that redistribution is evil and should be questioned. |
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My knowledge of economics isn't that detailed on LIBOR and the interest rates etc. but I am focused a lot on all the money printing and extremely dodgy shit happening with the precious metals markets and just seeing if the central banks even have any gold anymore let alone silver.
I think though higher interest rates would affect the banks lending policies quite a bit but as usual the news networks will focus on totally irrelevant crap to keep the public ignorant of what's going on behind the scenes. It's like when they talk about reducing the deficit all the time and quietly increase the spending or forget to mention that the whole system operates on the constant borrowing and lending of debt and would collapse in on itself it anyone actually did anything about the budget.
Have a quick look who owns majority holdings in many major silver producers. I'm not convinced banks give a fig about supply or price. They make money either up or down. |
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I don't know how Satoshi saw that, but the fact that the inflation of bitcoin is programmed over 130 years, gives you an idea of the sort of time scale he had in mind. Over half the potential Bitcoins have already been mined. 64%, actually. That gives a sense of the real time scale involved. Although 64% of bitcoins have been mined, the increase in money supply (percentage terms) far exceeds the increase in money supply of fiat in most countries. Plus the inflation of bitcoin is nothing compared to fiats' inflation Depends what metric you are using. The increase in money supply has not made it into the real economy yet.. |
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OP is under the impression that markets behave logically. Litecoin is more or less the same as bitcoin, and will probably be bound to it like coke and pepsi. ie... When bitcoin rises people will feel they missed out, and litecoin is what they will get into.
Follow the psychologies, not the logic.
That said, who knows what will happen.
Think of the baghodling sell pressure though... I like the Pepsi to coke analogy though! |
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Even Lenin resurrection could not save Putint Russia
Russians are used to hard times, they are not as soft as us Westerners  |
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Hey guys,
Sorry for not closing it up on time. I had personal issues (my car's suspension went and blew up one of my tires!).
I'll officially close the auction now and contact the highest bidders on each of the bars.
thanks to the guys that took part. I will make sure that the money goes to a good place, though it may be hard to prove the second donation to a local family.
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True,but I always like to see if I can trade for crypto.
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One last bump before closing the auction tomorrow :-)
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All new and sealed. Unwanted gifts.
Freedom Wars (PSVITA)
Singstar Ultimate Party (PS4)
Littlebig planet 3 (PS4)
Driveclub (PS4)
Reasonable offers accepted.
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Seems pretty pricey for what it is. But a fun project to do yourself. |
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You are a saint. Much respect for what you're doing so I will go ahead and place a bid on all 3 bars.
0.11 on gold
0.11 on silver
0.11 on nickle
what material is under the plating?
Thanks masterp! The material is brass, or rather a copper aloy. |
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