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1  Economy / Economics / Re: Silver/USD is at its highest since 2013 on: June 14, 2024, 09:54:48 PM

I don't know where you got those notions from, but since a lot of people recycle copper I don't think we're going to run out of it, much less in six years.  Helium I have no idea about, but that'd suck for all the kids' birthday parties that depend on balloons.  AFAIK there's no substitute for helium.

Recycling is in no way as far as most people wish it'd be.
No reason to be alarmed but its a scenario where countries could go to war over.

https://www.economist.com/business/2023/03/30/copper-is-the-missing-ingredient-of-the-energy-transition
Paywall free https://archive.is/Sfnfw
2  Other / Serious discussion / Re: Dethrone the Dollar on: June 14, 2024, 09:44:25 PM

So what do you think when you've your funds stored in dollars I'd you you come from an unstable economy country where your traditional currency has no value in comparing local exchange to dollar?

Its not about what I think but what people do.
People here a so wise that they exchange everything they own into $ and the next day damn all the sellers of their own currency,
due to losing when exchanging back into local currency.
3  Economy / Economics / The global south sumit on: June 14, 2024, 07:50:24 PM

Headline Bloomberg:

Saudis Woo Billionaires in Rio as Wealth Fund Taps Latin America

    Kingdom officials glad-hand with Brazil brass in Copacabana
    PIF’s Al-Rumayyan says he’s eyeing tech, green energy, mining

The article you can read here: https://archive.is/n1JzH

Quote
“Brazil and Saudi Arabia are part of the global south,” Lula told attendees on Wednesday. “We can’t go through another century only depending on the north.”

Organized by the Future Investment Initiative Institute, a nonprofit linked to the sovereign wealth fund of Saudi Arabia, the conference in Rio de Janeiro is part of the kingdom’s push to raise its profile and diversify its oil-dependent economy by tapping into resource-rich Latin America. For Brazil’s political and business leaders, it was a rare chance to mingle with the entourage around the Public Investment Fund’s Al-Rumayyan and the billions of dollars that are doled out each year.

It reads as it the global south initiative reigns from the top. Revolutions are rarely succeeding when arraigned from the top.
This time it might be different, most have noted that antifa is now defending Nestle and co.
4  Economy / Economics / Re: could the FDI in any country be affected by cryptocurrency not being accepted? on: June 13, 2024, 02:05:22 PM
From what I've read, foreign direct investment index depends on available restrictions on foreign capital, difficulty level of passing the screening to invest, restrictions on foreign employees, etc.

Most countries have a lot of restrictions towards investment from abroad. And that is not limited to crypto.
Their supervising authorities are mostly caught up in the past century. Handling a Iphone is the highest their technological understanding goes. 
5  Economy / Economics / Re: June CPI Report - May printed 3.3% from an expected 3.4% on: June 13, 2024, 01:30:09 PM

As for money printing, there have been concerns about it for decades, but the USA seems to be getting away with it. I think it's because of such a strong dominance of the USD as a foreign reserve currency and the power that the USA projects globally.

At least in Latin America the US$ shines, the people (horrible word for the common guys) love the US$, from the lowest classes to highest.
In terms of protection their own currency, its futile as they (those governments) also love the US$. The only blast it due to their "People". 
6  Economy / Economics / Re: June CPI Report - May printed 3.3% from an expected 3.4% on: June 12, 2024, 05:49:01 PM

M2 is how much money there is in the economy.
M2 actually is getting lower



You are aware that given that 11 countries use the $, certain amount of printing needs to ocurre?   
7  Economy / Economics / Re: USA lose oil but will replace with btc and crypto on: June 12, 2024, 03:31:48 PM
And USA is the biggest importer of oil as well.

That is not true:
 
  • European Union    14,060,000
  • China    10,852,615    
  • United States    5,877,000    
  • India    4,033,050    
  • South Korea    2,660,369    
  • Japan    2,472,364    
  • Germany    1,671,178    
  • Spain    1,104,594    
  • Italy    1,014,241    
  • Netherlands    997,769    
Data from 2017 to 2022
https://en.wikipedia.org/wiki/List_of_countries_by_oil_imports
8  Economy / Economics / Re: Hyperinflation - Will it lead Countries to Adopt Bitcoin? on: June 12, 2024, 03:25:16 PM
most people don't get that politicians don't suffer the same ills their people feel.
Inflation for a state is great, less value when paying wages. 
9  Economy / Economics / Re: USA lose oil but will replace with btc and crypto on: June 12, 2024, 12:56:24 PM
USA cares because every global trade, every country, that moves away from USD weakens the USD and therefore the US itself.

Luckily for the US that rule is only good for you.
Do you really believe that they have a watchdog just to see who is dropping out of the 4 Race?
That apart it is SWIFT what makes the system work. That system enables passing judgements on all wires, those wires basically touch US soil. 
10  Economy / Economics / Re: Involve an attorney in your business dealings. on: June 12, 2024, 12:15:54 AM
You certainly need to reach a level.
If you sell a website of $150 your attorney takes most likely all you earned.
11  Economy / Economics / Re: USA lose oil but will replace with btc and crypto on: June 11, 2024, 10:50:38 PM
For the OP as he seems to need more input data  Grin :

Oil production USA about 310 t Barrels a day.

source: https://www.reuters.com/business/energy/eia-forecasts-larger-records-2024-us-oil-output-global-demand-2024-06-11/

While its consumption was about 20.000.000 B/D
United States Oil Consumption was reported at 19,140.000 Barrel/Day th in Dec 2022

source: https://www.ceicdata.com/en/indicator/united-states/oil-consumption

Quote
A Reddit post, published on March 26, 2023, which received more than 2,000 upvotes claimed that "The US Government holds 205,515 bitcoins more than 1% of the Circulating supply."

source: https://www.newsweek.com/fact-check-does-us-government-hold-more-200000-bitcoin-1790613
12  Economy / Economics / Re: UK brexit and rejoin with Europe and economy on: June 11, 2024, 04:41:58 PM

The thing is there is no normal. There is no one universal right in politics.

When I feel like I am a right winger (and for the last few years I do feel like that a lot) I think the lefties are lunatics. But I wasn't always like that. When I was younger there was more hippie in me. Then I made some monney and I said, fuck that we all love each other hippie crap. Capitalism rulezzz but then guess what, caplitalism likes the left more because the righties bring protectionism and protectionism means de-globalization.



The thing is that Globalization is a right wing invention which was done to further USA corporations and lowered the entrance for capital entrances in the 3rd world. When it started in the 80 last century it was a capitalist thus right wing politic.

Coming to 2010 and its the left who wishes for globalization. When I was younger antifa was radically against capitalism, nowadays antifa defends nestle &co.
13  Economy / Economics / Re: UK brexit and rejoin with Europe and economy on: June 10, 2024, 10:58:38 PM

You have to go back to pre-Brexit time. They were already planning to start the war with Russia according to US orders.

The Source of that statement please!!!!
14  Other / Serious discussion / Re: Dethrone the Dollar on: June 10, 2024, 10:52:45 PM
A store of value is not a trade currency, And if the value of the dollar becomes less that'd benefit quite a lot of people/industries.

...but I'm telling you that in my country where inflation hits our economy system to the point of time it extremely devalues our traditional currency, the value of dollar surges high at a local exchange.

Yeah in my country people actually archived to create a dollar inflation. And as I said: A store of value is not a trade currency.
That means that the dollar is not a store of value the way Bitcoin is.
15  Economy / Economics / Re: Silver/USD is at its highest since 2013 on: June 10, 2024, 01:48:54 PM
When those assets that performed better are copper, aluminium and iron then sorry but the title of precious metal seems a bit of delusion!

Copper we run out in 2030 I think, helium before that.
Hording copper is a good idea if you have a lot to spare.

When you have 2 shitcoins (i.e. USD vs TRY), you're going to choose the lesser of 2 evils.
That doesn't make the USD any less of a shitcoin/Ponzi...

There is more to life than black and white. I call that verbal extremism, everything or nothing, always or never. Only one of the 2.
That leads to a narrow mind set. Everything is fine if it pays your bills. 
16  Other / Serious discussion / Re: Dethrone the Dollar on: June 10, 2024, 01:19:53 PM

However, I quite agree that bitcoin is a safe reservoir to store values because the economy portrays crumbling up to the future based on the present economy challenges of todays that inflations and devaluations of fiats is rocking every every economy system.

A store of value is not a trade currency, And if the value of the dollar becomes less that'd benefit quite a lot of people/industries.

A politician can say "We won't use the $ anymore" but reality forces the country to use $.
You see how many dignities fly to the US to receive medical treatment or let. Most of politics is a smokescreen
17  Economy / Economics / Re: True wealth comes from income when you sleeping but earning on: June 09, 2024, 09:18:24 PM
the author clearly is a long way from wealth.
On your way to wealth you learn how to write coherent sentences, 
18  Economy / Economics / Re: USA lose oil but will replace with btc and crypto on: June 09, 2024, 07:57:25 PM
Unfortunately he the opener does not provide sources.

I don't believe it and moreso the Saudis are not the only source of oil.
Venezuela is much closer by, has an election coming up plus should the Iran-Israeli-middle east mess blows up the US is not unknown for taking in need what they need. Guyana oild field is also quite big but too far into the future.

The Saudis need those $ to buy weapons, medicine and what else they don't produce, Dom Perignon?  
19  Economy / Economics / Re: escaping prosecution on: June 09, 2024, 07:32:49 PM
there are times where the information, however valid it might appear to be, will be void because they believe that there is something to protect by letting go of such a case.

Once you read that article it shows that they just overlooked the data.
20  Economy / Economics / escaping prosecution on: June 09, 2024, 02:54:18 PM
Crypto and banks:
The way of money and not always is they way correct.

Quote
Standard Chartered, one of the UK’s largest banks, avoided prosecution by the US Department of Justice after Lord Cameron’s government intervened on its behalf in 2012.
https://www.bbc.com/news/articles/cd11j09q2llo

At the end of the article comes:
Quote
But the whistleblowers claim the US authorities have perpetrated “a colossal fraud on this court by falsely denying” that the whistleblowers provided “previously unknown, damning evidence”.

The wrong message for whistleblowers in the future.
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