You gotta stop drinking if you think this is true.  People say platinum and palladium would never be considered as monetary instruments because they're monopolized almost entirely by South Africa and Russia.  The idea that Bitcoin could become the world reserve currency while monopolized by China is honestly a joke.  It's not possible for Bitcoin to defeat gold and silver on Exter's pyramid.  It might have some use somewhere, but it will never be the main unit of account.

And here is my theory on how Trump might actually help the jewish bankers on accident even if he tries to fight them:

I don't remember the exact number, but I think it's something like 60-80% of international trade is in USD.  A lot of that is probably from the oil sales and such.  Unless the US prints a lot of money or foreign countries switch to denominating trade in other assets, it's very difficult to bring the value of the USD down in relation to other garbage fiats.  That's the whole catch with being a reserve currency, you're required to export more currency than you bring in (a trade deficit and implosion of domestic manufacturing).

The only way Trump can "make America great again" is to destroy the dollar, China style centralized devaluation, print dollars to infinity with hyperinflation, or some other such tactic.  Some people have theorized US currency would be switched into two different units with a new domestic only dollar.  Such a tactic would likely only help the scumbag jewish bankers implement the SDR to take over the world with the SDR as the unit of account, though.  Then 1st world nations would descend into poverty as slaves of the IMF/BIS.

Anonymint, I hope you posted that as a joke because it was clearly written by a Marxist.




Coincube, you're gonna need to settle down on the excessive religious stuff or belief you actually can impose anything on anyone.  The reason gold and silver have value is because they still have value no matter what you ATTEMPT to impose.  Gold and silver are money and everything else is credit because it can be defaulted on.  Even Anonymint's claim of some magical new coin that solves all problems even if it works is just flat out credit and will never be anything compared to gold and silver as shown below:



Cryptocurrency is honestly overall just a joke.  It's riddled with counter party risk and potential black swans where it's virtually the same as fiat in that regard.  The only real question is if it was launched as a government scam or failed experiment by some other entity.

As I already posted before, Bitcoin was created with a Rube Goldberg pricing mechanism that attempts to make the user believe the pricing mechanism is identical to gold and silver mining, having an actual price floor, where none really even exists:

http://steemit.com/bitcoin/@r0achtheunsavory/the-r0ach-report-vol-7-bitcoin-is-not-an-actual-store-of-value-because-there-is-no-real-price-floor-or-inelastic-demand

It's really almost identical to fiat in all aspects once you take into account inevitable centralization of all these systems whether it's by stake or mining (just externalized stake).  It just takes people a LONG TIME to cut through all the bullshit and get to the bottom of the Rube Goldberg machine and articulate why all these things are the case.  I don't consider myself an idiot and it's taken me years to articulate why all this stuff is the way it is, and Anonymint is the self proclaimed smartest person in the universe and he's still sorting through it all.

I wrote an entire page for why I consider your statement wrong, that "only gold" is money:

The r0ach report vol 8: The real fundamentals involving gold, silver, and copper as money

http://steemit.com/money/@r0achtheunsavory/the-r0ach-report-vol-8-the-real-fundamentals-involving-gold-silver-and-copper-as-money

Fiat has always been a derivative of metals, a coupon to exchange for them.  What essentially happened is that the bank defaulted on you and you were left holding the bag if you didn't turn your coupons in beforehand.  Just like everyone who currently owns fiat is holding the bag still.  Fiat can default.  Bitcoin can essentially default if the thing becomes unusable somehow.  Metals can't default because it exists as more than a concept.

No idea but you have people that don't even know how Bitcoin works typing "Bitcoin is the new gold", then I post that it's not possible for Bitcoin to defeat metals as a store of value on Exter's pyramid and post is insta-deleted.  Posting the simple objective fact that Bitcoin does not make metals obsolete is considered heresy.  This is an economics speculation thread.  Whether Bitcoin can or can't defeat gold or silver's market cap is part of the equation in quantifying price.

Gold and silver are the new gold and silver.  Bitcoin will always be a tier or more below and never able to defeat it on Exter's pyramid:

The r0ach report vol 7: Bitcoin is not an actual store of value because there is no real price floor or inelastic demand

https://steemit.com/bitcoin/@r0achtheunsavory/the-r0ach-report-vol-7-bitcoin-is-not-an-actual-store-of-value-because-there-is-no-real-price-floor-or-inelastic-demand

I predict larger than 40% drop in housing (sans hyperinflation) because this collapse will cause the credit markets to freeze and housing prices are entirely a derivative of the debt markets.  House prices are astronomically high because the mere existence of 30 year loans.  The ability for people to purchase big houses while not actually having any money and spreading the cost out over 30 years inflates the price of everything.  As soon as the credit markets freeze, house prices implode to nothingness since the price has to be paid entirely or mostly up front instead of spread out. 

That would also cause mega deflation to the point where you'd probably have to move to an entirely new monetary system unless they unleash hyperinflation and destroy it that way in the process.

Anyway, here's a post I'm sure MatTheMat will love:

The r0ach report vol 7: Bitcoin is not an actual store of value because there is no real price floor or inelastic demand

https://steemit.com/bitcoin/@r0achtheunsavory/the-r0ach-report-vol-7-bitcoin-is-not-an-actual-store-of-value-because-there-is-no-real-price-floor-or-inelastic-demand

Went on Steem posting rampage.  This is kind of what my stance has evolved to on the subject after much debate.  Will be interesting to see what Smooth says on this topic since Anonymint replies are usually akin to:  "yes that is correct", or "no, you are stupid":

The r0ach report vol 7:  Bitcoin is not an actual store of value because there is no real price floor or inelastic demand

https://steemit.com/bitcoin/@r0achtheunsavory/the-r0ach-report-vol-7-bitcoin-is-not-an-actual-store-of-value-because-there-is-no-real-price-floor-or-inelastic-demand

Interest rates rise in a no bid market.  The alternative is that the govt confiscates your money in the bank and replaces it with bonds.

MatTheMat, you should visit the Armstrong thread in economics section.  I'm not a fan of him, but it's the only thread where actual economic discussion goes on.  My general stance is that gold should currently be around $2200 even in their rigged system, but they've rigged it down even further to try and support NIRP/ZIRP.  Silver would probably hit around $75 in that gold run.  As for stocks, the stock markets are almost entirely a function of debt levels.  If the debt stopped increasing for instance, I would see a DOW drop to something like 6000 with a brief stop around 10k on the way.

Other interesting stuff:

The r0ach report vol 5: If there's any plausible conspiracy involving silver and bitcoin, this is it

https://steemit.com/money/@r0achtheunsavory/if-there-s-any-plausible-conspiracy-involving-silver-and-bitcoin-this-is-it

The r0ach report vol 6: Why I don't buy platinum

https://steemit.com/money/@r0achtheunsavory/the-r0ach-report-vol-6-why-i-don-t-buy-platinum


r0ach DOW forecast



r0ach energy forecast:

I wouldn't touch the stock market right now with someone else's money, let alone my own.  We will either have some form of super inflation or the DOW is gonna bring the pain in losses soon.  Take the following chart for instance.  Each time margin debt went parabolic, it then crashed the DOW to BELOW where it originally went parabolic from.  This means DOW is going to have a mega crash down to something like 6k, while taking a brief rest around 10k on the way (this chart is old and it looks much worse now):



The only way out of that is to print a metric fuck ton of money to inflate the bubble even higher.  You also have a comical relationship in the following pictures.  Trump would likely have to increase debt levels by somewhere between 10-20 trillion to keep this thing afloat, which would then send interest rates to pluto and have the entire world on fire with unserviceable debt.  We truly are at the endgame of the debt based scam currency here:

You do not because you keep pretending it's impossible for current civilization to enter another dark age.  "Increasing entropy" is not a roadblock to stop a dark age, it's the exact opposite.  How do you get this logic completely backwards?  The more increasing complexity in a system, the harder it falls.  The more inputs required to make a system function, the more of an exponentially, unsustainable resource curve you have being required to make it work (both in terms of specialized humans and physical commodities/overall energy input).  

So technology is doomed by design to experience intense crash cycles and wipe out many previous gains unless you live in an entirely open ecosystem, which we don't.  You could maybe try to claim the solar energy radiated from the sun is a bypass to this fact, but you would still need resources to build panels all over the place and continuously more resources to service and replace them since humans don't natively absorb sunlight and turn it into fuel to do work.  Not to mention metric tons of batteries everywhere.



So first Armstrong has a magical computer that hands him information about a supposedly deterministic universe which would allow anyone with access to this data to instantly become the richest person on earth, but instead of becoming rich, he just needs US to give him OUR money?  You don't see anything wrong with this picture?



The fact that Armstrong has the exact same prediction and timeline for everything no matter which candidate won the 2016 election should show you it's complete bullshit.  Yes, we all know the system is going to crash, but it would likely play out in vastly different ways and timelines under the banker preferred candidate and non-banker preferred candidate.

New one.

The r0ach report vol 6: Why I don't buy platinum

https://steemit.com/money/@r0achtheunsavory/the-r0ach-report-vol-6-why-i-don-t-buy-platinum

Martin Shekelstein's latest gold price talk where he speaks a few paragraphs while saying absolutely nothing:

https://www.armstrongeconomics.com/markets-by-sector/precious-metals/gold/gold-bullion-v-coins/

I say he says nothing because the amount of Orwellian doublespeak makes each of his sentences cancel out each other, such as:

"The benchmarks come into play in 2018, but they could be the first high rather than a low and that would confirm a change in trend. The 2015 closing is the lowest"

So first he's saying gold is going to crash way below $1000, now he's typing some obscure reference that the 2015 closing was the low.  Let's cut the bullshit here.  Everything Armstrong does is similar to what Elliot wave traders do, and everyone knows how stupendously wrong Elliot wave traders get things.  In fact, you can't even tell if he's now claiming that was the low or not because he writes his posts obfuscated and poorly on purpose so that later they can be interpreted either way for him to claim he's right.  

Seriously, read that link.  NO ANALYST on the entire planet writes things that cryptically because you don't qualify as an analyst in the first place if you write like that.  He will then reference this cryptic, Nostradamus level post a year from now that says absolutely nothing claiming he was some type of prophet.  The more cryptic you write, the righter you can be!  Look, Nostradamus predicted Trump victory! (electoral college was December)

It doesn't matter what that guy says because the Russian govt analysts say the same thing about oil.  I'm not digging up the PDF right now, but the summary is that around 2020 or so the Russians start to have problems keeping up with exports.  I don't remember the year for Saudi Arabs, but I think it was 2030-2035 or something.  Who knows what either group really has, though.  Maybe they both have more, maybe SA runs out sooner.



This is bullshit.  The Russian report says no known technology replacement currently exists and it's a large problem.  I do not think they're lying or that anyone has UFO technology they're keeping secret to fix everything.  The Nazis turned coal into fuel for vehicles in the war, and the US supposedly has something like 100 years of coal, but I don't think this is actually a viable method to power all the cars you see driving around today.  It would likely be better to just replace them with electric and use the coal to power plants to charge them.  

This is probably why the US is subsidizing the hell out of Elon Musk.  But, getting rid of gasoline and using coal to power literally everything would likely make every human habitat on earth resemble ecological disaster China, so I'm not sure how much of a solution that is.



No, Occam's Razor does NOT give you that conclusion for why they keep trying to ram carbon tax on people.  It doesn't whatsoever.  Mostly because you would need to believe there is a conspiracy among scientists, govt, liberal celebrities, etc, to falsify data, which might be the case, but Occam's razor doesn't give you that solution.  Occam's razor is of ZERO USE for figuring out most things that go on in govt.  You definitely don't figure out jews run the entire media and banks or that our entire foreign policy is based around benefiting their middle east cult using Occam's razor either, but that is the case.  The only people that deny that current state of affairs are idiots and shills.



This is wrong once again.  My original statement was talking about peak energy mainly in oil and natural gas sectors.  While it is possible you might be able to cover the entire surface of the planet with fusion reactors, you would likely not be able to attempt to start that task until around 2050 (and nobody even knows how viable they are).  Meanwhile, in the real world, conventional crude oil has been flatlined since 2004 and lower return on investment sources were substituted to try and offset that:






You keep repeating this nonsensical statement over and over.  There IS NO direct correlation between entropy and the 5 billion complex variables that hold human civilization together.  How did your infinitely expanding entropy variable prevent Rome from entering the dark ages?  It didn't.  You are trying to apply some oversimplified computer science/physics concept to a mass of violent monkeys known as humans thinking there is some correlation where none exists. 

And please don't try to claim it creates some sort of unstoppable trend line.  I don't care what the trend line is if the "temporary dip" off course is a 400 year dark age that's 7x longer than my lifespan.  It's like seeing Armstrong claim the "death of Marxism" occurs in 2083 LOL.  It's like, what the fuck are you even talking about Armstrong?  Next he's gonna say don't buy gold until post-2083 since Marxism is bearish for metals.

That's not really how it works.  We pumped this thing up like $30 - $40 right before halving and what happened?  The Chinese cartel came and tried to blow it up because they didn't have their money right yet.  People just jump in to try and prevent slow rises and try to force all cliff wall rises and dumps.