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1  Economy / Economics / Re: U prepared for great depresion or u want to be surprised? on: July 22, 2022, 04:39:39 PM
it feels like the world leaders are taking us into this intentionally. Time to reset the balance books and re-distribute the wealth to a select few, while the rest of us scratch away to survive
2  Economy / Economics / Re: U.S dollar almost equal to Euro on: July 22, 2022, 04:36:00 PM
It's not too relevant to EUR/USD rate of exchange, but the Russian Nord Stream gas supply has been restored today, after a 10-day pause for maintenance., resulting in a drop in oil and gas prices. Europe hadn't ruled out the possibility that Russia may stop gas flows via Nord Stream permanently, once the maintenance was over. Orders have now resumed at 40% of its capacity. Hopefully, that may relieve the oil market and European consumers a tiny bit, not lifesaving but still an improvement.

Source: https://oilprice.com/Energy/Gas-Prices/Russia-Restarts-Nord-Stream-Gas-Supply-To-Europe.html
russia couldn't afford to keep it offline any longer. lol but yea I can see Russia shutting it down again especially as a pressure move come this fall.
Nothing like creating some panic on the market and drive prices up that benefit you.
3  Other / Politics & Society / Re: Lets be honest about oil and gas and blah blahh on: July 22, 2022, 04:32:48 PM
Food shortages? Go resteraunt kitchen see how much FOOD they just trhow away.

Their green energy initiatives will bite them severely. I suppose relying on a senile dictator for cheap energy has its consequences.
Just like the world putting their manufacturing basket in China, it has come back to bite them. Everything has a consequence.
Europe should have been preparing for this since 2014/crimea but they don't learn from their history..


Well china is the producer we cant put manufactories in other places air pollution.
Over the france monaco cannes st tropez and marbella spain and switzerland italy...nice resorts for example its not suitable for manufactoring to have any factory near to those vacation areaas where people enjoy quality life and clean air no pollution not even consideration to have factories near by france germany or italy only few.
Europe dont want air pollution usa dont want uk dont want neither canada dont want.
But natural resources its not a problem ukraine have and latin america also south europe all we need and gaz can get it from norway
Yes we can, air pollution is a very small factor in this, the big factor here is called greed., Why pay a 1st world wage and everything that comes with it when you can pay someone a dollar a day (+/- a few pennies)to manufacture. Greed also plays a part with the air pollution, who wants to spend the money doing the right thing when you can just bribe the locals in China and dump your waste into rivers and the air with no consequences in the short term.
Follow the companies and where they built, they chase the lowest wage. Back in the 80's it was taiwan where cheap goods came out of, than it slowly moved to China where it stands today but not for long. Companies are learning to not stick all their base into one location finally.
All those resort locations you listed, never ever was a manufacturing hub.
4  Other / Politics & Society / Re: Lets be honest about oil and gas and blah blahh on: July 20, 2022, 07:12:08 PM
Food shortages? Go resteraunt kitchen see how much FOOD they just trhow away.

Their green energy initiatives will bite them severely. I suppose relying on a senile dictator for cheap energy has its consequences.
Just like the world putting their manufacturing basket in China, it has come back to bite them. Everything has a consequence.
Europe should have been preparing for this since 2014/crimea but they don't learn from their history..
5  Bitcoin / Bitcoin Discussion / Re: China banking crisis pointer to Bitcoin credibility on: July 20, 2022, 04:37:18 PM
The central banks have been on trial of Bitcoin simply because Bitcoin undo the slavery system of banking institutions, and china government was too hard on Bitcoin and other cryptocurrencies. How can a bank auto invest people funds without they consent.
you may want to study up on how banks work.
6  Economy / Economics / Re: U.S dollar almost equal to Euro on: July 08, 2022, 04:29:34 PM
Somehow it was looking as if the increased inflation rate in US would have an adverse effect on the economy and reflecting on the dollar but this has not been so. The Biden administration has been able to strengthen the dollar against most currency paired with and I have noticed the Euro exchange rate with the dollar, now having little or no difference unlike in the past. The economic indices of the US economy is still favourable to dollar.

Inflation is everywhere now due to the war. The U.S. inflation problem was partly due to money printing, but plenty of European countries themselves had borrowed too much from themselves in 2020 when they shut down their economies for COVID restrictions so they were bound for some inflation regardless of the war. The current supply chain issues and product shortages just compound a much more complicated issue.

This also highlights how important energy is. You can completely tank a currency by sending energy prices higher because it makes the country's ability to operate (ie ability to produce economic output) more expensive.

The revulsion I had for people, particularly the green climate change activists, who argued that the only effects of the war on Europe for countries choosing to avoid Russian oil was increased prices at the pump. Well, Europe is finding out that isn't particularly the case.
I think it is primarily about all the money they printed just recently and the money they printed off in 2008 that I don't believe they ever pulled back in.
It is coming, there is no doubt in that, I'd say it is here now but everyone is still drunk on spending and the hangover hasn't quite hit yet.
7  Bitcoin / Bitcoin Discussion / Re: China warns Bitcoin is heading to zero on: July 08, 2022, 04:25:17 PM
like I've said before, no one should care what China says. They are manipulative and have proven it over and over again.
unless you live in China it doesn't matter what they say or do.
Seriously stop buying made in china too.
8  Bitcoin / Bitcoin Discussion / Re: China warns Bitcoin is heading to zero on: July 05, 2022, 04:35:04 PM
They have already said that fud, But I think everyone knows BTC can never be go up to zero. I think BTC is the future and will go even massive for sure. Wait and see the magic
a lot of ppl invested in bitcoin feels that way. but don't get your hopes up too much.. smh
9  Bitcoin / Bitcoin Discussion / Re: China warns Bitcoin is heading to zero on: June 30, 2022, 07:13:53 PM
China is a big country. they announced bitcoin will return to zero whether this is just a prediction or they have valid data about bitcoin in the future will go to zero.
More like wishful thinking is what I say it is. They have no idea, they don't control the rest of the world or the internet at least yet.. Until than they can say all they want, it only works in their country.
But they can influence it to some extent since a lot of BTC miners were Chinese residents or owned by Chinese. Say if one day China considers making those guys fall into the line, to whatever plan they have for BTC. It would cause a huge disturbance in BTC.
I don't think as much as it once did, since most of those farms relocated to other countries.
10  Bitcoin / Bitcoin Discussion / Re: China warns Bitcoin is heading to zero on: June 30, 2022, 04:49:50 PM
China is a big country. they announced bitcoin will return to zero whether this is just a prediction or they have valid data about bitcoin in the future will go to zero.
More like wishful thinking is what I say it is. They have no idea, they don't control the rest of the world or the internet at least yet.. Until than they can say all they want, it only works in their country.
11  Bitcoin / Bitcoin Discussion / Re: China warns Bitcoin is heading to zero on: June 27, 2022, 10:19:22 PM
why does anyone listen to what China says? we need to let them go back to the 50's and wither away with their lies and market manipulation.
They only have an economy because the world sold out to cheap communist labor.
12  Bitcoin / Bitcoin Discussion / Re: What's preventing bitcoin from worldwide adoption? on: June 26, 2022, 11:25:48 PM
cash is king. doesn't matter the country, if it's physical and can pass from a persons hand to another and can't be tracked.
what is better?
I think the countries that have blocked it show a very good reason why crypto isn't going to replace cash, until it can truly replicate cash.



Also, lack of awareness and education about the use of cryptocurrency is another reason why people will always choose cash. Lots of people are still clueless about how cryptocurrency works and how they could use it. Normal people still prefer cash because it's acceptable in all forms of businesses and different transactions. If people would know how to use crypto, there's a possibility that more would switch to it.
I don't need to pay a transaction fee when I hand someone cash. I give them a bill, it's a bill nothing more nothing less.
Why am I paying a fee to use my money? might as well use a credit card. and hey don't take this wrong, I own bitcoin and I have spent it at vendors.
Kind of makes you cry when you see the transaction fee you paid in 2017 was 3 times what the goods cost when btc was at it's all time high..
13  Bitcoin / Bitcoin Discussion / Re: What's preventing bitcoin from worldwide adoption? on: June 26, 2022, 03:01:08 PM
 cash is king. doesn't matter the country, if it's physical and can pass from a persons hand to another and can't be tracked.
what is better?
I think the countries that have blocked it show a very good reason why crypto isn't going to replace cash, until it can truly replicate cash.

14  Other / Politics & Society / Re: [POLL] Shutting down the Global Economy to fight covid a good idea? on: June 24, 2022, 08:26:52 PM
the euthanization program [...] The good-old-boys club of eugenicists with seats on the boards of directors

One thing I've never really understood with this particular insane conspiracy theory is just why the people who are already in control would want to reduce the number of ordinary people they can exploit. It's like a pharaoh or a plantation owner complaining that he has too many slaves.

I won't deny that much of the world (and certainly my own country) is ruled by an effectively closed club of people, who exploit the remainder of the population... but why would they want fewer people to exploit? If your source of wealth is the people you exploit, why would you want to diminish that? The ruler of a large kingdom is more important and powerful than the ruler of a small kingdom.
diminishing returns, easier to control a smaller population than unruly masses. of course smaller and masses are subjective.
15  Economy / Speculation / Re: Bitcoin to 30k Range again on: June 21, 2022, 12:00:16 PM
I Think bitcoin could go toward 30k range again For a relief rally. Then come back to current range or even more dump possible . If btc would go toward 30k range most of investors will sell it again. BTCBTC
any facts why you think this or is it just a "feeling"
I don't see it breaking out of the 20's this year
16  Alternate cryptocurrencies / Mining (Altcoins) / Re: Trying to sell GPu to PC gamers can made me lie on: June 20, 2022, 11:55:15 AM
I donít think it really matters how long it was used. Would you buy an 6 month old GPU that was inside a poorly ventilated case where the gamer overvolted and overclocked and gamed for like 4 hours a day? Or would you get it from a miner who undervolted it and had it in an open air rig.

The only issue with mining rigs are the fans. They generally wear out much quicker than some gamer. Since gamers generally only play 1-2 hours a day, usually the fan doesnít spin at all during that time. Compared to a miner rig which had it running 60-70% fan speed for years.
I don't know what games you play but most pc games are pretty gpu intensive these days and those fans spin as fast as the gamer allows them to spin.
No different than miners adjusting their fan speeds.. in otherwords, the games today can make a gpu fan spin at 100% if the gamer doesn't intervene.
17  Economy / Economics / Re: Trouble in paradise for India? on: June 20, 2022, 11:52:29 AM
  If the United States pressures India on certain issues, India will retaliate.  At the current price of oil, I think the people of that country need a little help in reducing the price of oil.  I think the situation in India will get better soon.
Exactly how is India going to retaliate ? that would be amusing. and pretty futile
I hope the states do sanction them, with the blood oil they purchase. Every country is going thru tough times. the world stood by them when China attacked their borders, but they are not standing with the world in support of Ukraine.
18  Economy / Economics / Re: Trouble in paradise for India? on: June 19, 2022, 07:44:58 PM

Hmm, India is buying oil at a discount rate but they are selling those oil by refining to European countries when oil price in their own country is skyrocketing. When people are suffering because of these price hikes then govt is making a hell lot of money.

They can not reduce oil prices in their country when they are already buying it at a discount rate then how OPEC countries increased oil supply will decrease the oil price?


But if India is buying it at a discounted price, why not share this benefit to its people?
it's call capitalism, buy cheap sell for a markup as much as the market bears.
I would not doubt for one second that refineries anywhere in the world would jump at the chance to buy discounted oil and resell it at global rates.
That goes for India, China, Hungary or anyone else including the USA but there would be some hoops to jump for buyers in the US to get hold of Russian oil at steep discounts.
19  Alternate cryptocurrencies / Altcoin Discussion / Re: Elon Musk bought Twitter on: June 19, 2022, 06:36:33 PM
There were few people who worked in spaceX and they said some bad things on how Elon was runing the company and said that the board or whoever needs to find a way to keep Elon not doing some silly stuff to interrupt the billions of dollars in research, and what did Elon do in response? He fired those people and made sure that he was running a company where nobody could speak against him like that.

If anyone truly believes that Elon will have a twitter that will be "free speech" I am sorry but you are mislead, it will be a place with lies, and it will be lies that benefits him or things he likes, and the "free speech" he is talking about is basically "saying whatever wrong fact as long as I want to, and nobody can stop me now and I can manipulate the markets this way as well!" that is all he is trying to do and nothing more.
there are always going to be people who don't like their boss and the way their boss does things and in turn talk smack about said boss.
It's his money/company to do with as he pleases really until he loses that control. As for his free speech and twitter, well I'm surely interested to see how that actually plays out.
20  Alternate cryptocurrencies / Mining (Altcoins) / Re: Trying to sell GPu to PC gamers can made me lie on: June 19, 2022, 02:38:21 PM
Why did gamers always think they know the best?  Cheesy once they knew you use your GPU for mining they won't buy from you, well today I had to lie 🤥 to sell some GPU, I pretend like I've never heard about mining, I even tell him to teach me and he said... Don't do it, this will kill your GPU fast, and I was like on  Shocked I don't know, hehe

If you want to sell your GPU its better not to tell anyone that you use them for mining unless they are miners.
terrible ethics, I don't buy used video cards because of this. You lie about it not being used, what stops you from lying about how long it was used for as well?
TBH my video card died over a year ago and I'm getting by on a card from 2008 because prices are stupid and I won't buy a used one.
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