...

There are a lot of interesting things to ponder re the new USA election landscape.

One thing that interests me is  what PA, WI, OH and MI mean.  These four rust-belt states may wind up being "red" (Republican) for a while, or perhaps not.  I do not have a good feel for the Upper Midwest.  But, if the white working-class is lost to the Dems, that is meaningful. 

Rumor has it that a Muslim African-American from Minnesota is to become the next head of the DNC!  Wow, if that happen, the Dems can kiss PA, OH, WI and (probably) MI away for good.

...

Canada, hah.

I will not hold my breath waiting on Lena Dunham, Cher, Mrs. Stephanopolis, etc., etc. to move there now that Trump won.  The libtards and HOLLYWEIRD people always make these grand promises of leaving the USA when things don't go their way.  Besides California just legalized recreational weed.

But, they never leave.  Sigh.  They'll stay in California, that's for damn sure.

I'll even come up with some of the money for one-way tickets...

...

There is a YouTube video out which tells that gold is now selling in some parts of India for a majestic $3000 / oz (US market price about $1228).

The parts of India that my wife and I visited (on a tour) were not ready for Bitcoin (that included Mumbai/Bombay and Delhi) that I could see.  Our guide had not even heard of Bitcoin. 

India also has a HUGE rural population that is very poor with little infrastructure.  Bitcoin will do very little for Indians in the short-term.

...

RAJSALLIN

I too have seen that idea, namely that Trump winning would serve The Elites well in that "they" could cause a stock market panic and recession.  And that idea has been persistent for months now.

I don't really know how to assess that.  Recall that under Reagan we had a recession at the beginning of his administration, and then the economy grew nicely leading to his re-election.

We are due for a recession, they typically come by every five years (+/- 2 years)or so.  We left the last one (official numbers) in 2009.  So we have been in recovery for 7 years, albeit a very weak one.

Note (as Armstrong and every person with a functioning brain would) that our US national debt now stands at $19.7 trillion (again, official numbers), which is TWICE where it was when W left office.

...

Gaslighting is a despicable set of tools that amounts to psychological terrorism.  It is abuse of the worst order.

https://en.wikipedia.org/wiki/Gaslighting

https://www.youtube.com/watch?v=ul7lLUwnI6w

https://www.youtube.com/watch?v=eusjBhUKzfs

The Rothschilds are rich enough, and probably smart enough, to better their tracks, I believe they (French branch) had to hide/run away from the Germans in WWII.  Or perhaps they don't care if some of their works are somewhat visible (the Clintons don't seem to be bothered with many of THEIR misdeeds being in public domain).

Many, many years ago I had the opportunity to meet a Rothschild banker (not an R, met an underling) at one of their banks in Europe.  My wife even met one in London back around 1980, he was a nearby neighbor of the people she was living with (she was an au pair at that time).  That girl (who became my wife) had no idea who he was...


Thenoticer

Ha ha, great graphic.

I value gold very highly.  With luck I will never have to sell or use gold to buy anything.  Ever.

My intention is to have my gold handed down through the generations.  Rich European families have been doing this for centuries, some things old families get right.

Gold is not the only asset my family owns.  But I am very happy with it as an asset diversification.


Besides, gold is relatively "Hillary-proof", with today's COMEY decision, that may matter too...

...

Welcome to the "Consolidated Bitcoin vs. Gold Thread".

Actually, I prefer the different threads on the topic as the tangents that develop on each thread are often different yet quite interesting.


Here's something that shows one BIG difference between gold and Bitcoin worth a thought:

"When you work for or otherwise get money or Bitcoin, you do still have one more step: taking that currency and acquiring something you would rather have, the transaction is not quite complete, you have not been completely paid.  When receiving gold, you have already been paid."

...

Here are a pair of interesting articles by uber-Bear Jim Quinn about the Fourth Turning (Howe & Strauss):

http://www.theburningplatform.com/2016/11/03/civil-war-ii-fourth-turning-intensifying-part-i/

http://www.theburningplatform.com/2016/11/04/civil-war-ii-fourth-turning-intensifying-part-2/

Quinn is extremely BEARISH on the next several years.  Over-simplifying, about every 80 years America goes through a severe crisis.

*  *  *

A quotation from Part 2, just to give you a flavor of Quinn's pieces:

"Darkness has descended upon our land. Storm clouds gather on the horizon. All generations have played a part in the catastrophe that lies before us. This is what happens during Fourth Turnings. Everyone in our crumbling empire will need to atone for its sins, whether they deserve to or not. Life isn’t fair."

...

rpietila (Your Majesty King Crichton)

Some months ago I took a short stroll through bits & pieces of Crypto Kingdom, but it did not look like my cup of tea.  An interesting idea, but I guess I am too old.

Yet, you seem to be up to interesting things.  Saving Europe is a big task, even if you are doing so from a relatively free country and even from a castle.  Bravo.

Do keep us (you too iamnotback) informed of efforts and ideas re FREEDOM, a topic of much interest to me.  iamnotback once mentioned Pitcairn Island (very low population).

*  *  *

Just for my curiosity (and likely for many others), is there a Summary available of what you are thinking or what you want to do?  If you are inviting smart activists to your place to make important changes, please let us know.  (I don't want to know any confidential/secret matters).


Note that I have no relevant skills, don't like cold weather and my wife wouldn't let me go there anyway...  So you do not have to worry about me trying to breach your gates...  





Count Wannabe Bearing Linchpin of the Neoptropics

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deisik #2557

Well yes, but I was actually agreeing with you, I deliberately cherry picked that 1933 date to show an anomaly.

You just made a good point re how conditions change through time (dollar losing gold backing).

Cherry picking time periods for price comparisons / changes is indeed a tricky art...

...

rpietila

I am happy to see you back as well, looks like all is going very well for you.  Do stone palaces there get cold in the winter?

Bitcoin has had some interesting price movement over the past two weeks or so.  I heard that the Chinese went on a buying spree, then the price dropped today as it looks like their .gov have cracked down.

Or would Technical Analysis explain the past couple of days?   

...

deisik

You put that very well re cherry picking dates, I kept my remark brief just by showing 2016 and the 16 or so years before as examples.  Nice graph!  The inflation-adjusted figures are nice to see as well.

Cherry pickers take note, even looking at long-ish time frames one could make weird arguments like that the inflation adjusted price of gold was LOWER in 2003 than in 1934.

Yet the macro-trend is that gold is up nicely vs. dollars since 1913.

Also note how the nominal price of gold has performed extremely well vs. the US$ in that the dollar has lost 97% or so in gold terms...

Very instructive graph, thanks for posting it.

People in countries that experience hyperinflation may have a different view...

In Peru's hyperinflations in the 1980s and 1990s, the people wanted to SPEND that local currency on goods ASAP before it lost value (a noticeable amount every day or two).  People who wanted to save saved in US$.  Typically, wages increased more slowly than the inflation, so the people could buy less and less.

Hyperinflations really suck for those people living through them.

...

Just for friendly discussion (hah?) here is OROBTC's breakdown of the states and electoral vote leading to a squeaker of a Trump victory:

• 1)  Start with realclearpolitics.com's map as of now:
   
  http://www.realclearpolitics.com/epolls/2016/president/2016_elections_electoral_college_map.html
  
  This shows 180 electoral votes for Trump (states where he leads by 5 points or more in the average of polls).
  
  
• 2)  Add below states and electoral votes where *I think* Trump will win (over 50% probability to me):
  
  Florida (29)
  North Carolina (15)
  Ohio (18)
  Iowa (6)
  Arizona (11)
  Nevada (6)
  

        New total: 265 electoral votes

• 3)  Trump needs just 5 more.  Here are some of them:
  
  Colorado (9) <--- he wins that, he wins it all
  NH and ME Congressional District 2 (4 + 1 = 5) <--- he wins both of those he just barely wins w/ 270...
  PA or VA, he wins bigger...  Even bigger if he wins WI, MI or MN...
  
  

I think the above is very plausible, particularly if more comes out re Hillary Crimes.



(formatting the above was a pain in the butt...)

That's a real issue, Doms.  I have spoken with one of the owners of BTC ATMs in my city (USA), and he told me that maintenance is expensive, as was getting the money transmitter license, etc. 

It may be that as more stores (etc.) get wifi and a willingness to allow placement of BTC ATMs, that will get more visibility and with luck more users as well as merchants accepting Bitcoin.

14% fee (in my city) is just too high though.

...

trollerc

Were it not for BTC's nice price spike lately, I might have been getting a little more wary of BTC, as all of the drama is getting old and making me feel like I cannot leave the BTC I have left in cold storage with risk of future loss as the BTC Ecosystem changes.

*  *  *

vokain & iamnotback

Sine last Friday, about two scandals per day have hit the news (at Zero Hedge and Drudge anyway, most of the MSM is ignoring this as hard as they can).  The Clintons are without doubt the filthiest, most dishonest, most corrupt and yet unusually skillful liars ever to run for the presidency.  If $hillary wins cleanly, that does not say much good about America...

I have no idea how much Anonymous and Wikileaks have been infiltrated by TPTB.  Perhaps, vokain, the nature of those two groups  (cell-like structure?) would make it hard to uproot except bit by bit.

...

Bitlox has a lot of competition, especially at the low end.  I have a Trezor and a Ledger Nano, both of which work just fine (although I had to update firmware once on the Trezor as it would not work until I did the update -- maybe a year or so ago).

I also own an Opendime, which I am still testing.  Opendime is not quite a wallet, but close enough for me.  There is a thread on Opendime in "Project Development".  One thing that attracted me to Opendime is that the price is right...

The Trezor has a fair number of features, but my preference is for a reasonably cheap and easy to use wallet hardware device.  So, at least for the moment I am not interested in a Bitlox.

For the purposes of my comment here, I will assume your arithmetic is OK, shinra.

140,000 kW works out to perhaps 15% - 20% the power of a typical nuclear power plant.  That's a lot of juice.  And probably a HUGE percentage of the world's hashpower, as you calculate.

Xinjiang...  Hmm, I wonder if electric power is cheap there, perhaps not as it is remote desert.  That's also a lot of (risky?) investment, BTC mining is capital intensive.

Interesting thread though, xdrpx.

Peru has next to NO Bitcoiners.  Hardly anyone has ever heard of it, and last I checked a mere TWO or businesses accepted it...

My problem with the Venezuelas (etc.) adopting BTC on a large scale is that an economy still needs an "endpoint" in the BTC Ecosystem there.  What can you BUY with BTC there?  What can those who accept your BTC then buy?  Granted, this is still a "chicken-and-egg" problem, but that really seems to be a barrier to larger scale use soon.

And a country banning BTC can indeed shut down the BTC for products in a country!

An exception (I am sure there are many exceptions to my above comments) is that the relative rich can have much of their wealth held intact with BTC.