Countries without tax on crypto ... Puerto Rico ... Puerto Rico is not a country, it is a US territory. And while it has some interesting tax benefits, crypto profits are indeed taxable in Puerto Rico. |
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This is the Bitcoin Forum.
Indeed. And this is a thread dedicated to "Re: [ANN] [BSV] [Bitcoin SV] Original Satoshi Vision". |
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Jbreher grand world monetary reset may be coming sooner than later.
Maybe. My preparations have been in for decades. I ain't trying to time this crash. I too see a recession on the horizon. for what I think will be then next recession. Not selling any BTC/Crypto though. I mean a recession is a 20% hit against your traditional investments, I figure 40% hit myself, a deep recession. A 'deep recession' is categorically different from a grand monetary reset. So hell, as coping mechanisms, as my way to stumble through life crutch, what am I going to do next?
Water. (I think this is a major weakness of most preparations. While you can't really move it if you need to move, it can make the difference between being able to shelter in place, and needing to move.) Bullets, Bandages, and Beans. Fitness. Defensible space. Practical skills knowledge. Small denomination real money. I'm american, so pre-1964 coinage (silver) for me. Build a bunker under the house and/or learn how to can veggies?
Sure. Don't just learn - set in a supply. If it gets so bad as I need to do the above, I will 'become' a minimalist and everything goes and it would likely be out of the country for me. In a grand world monetary reset, 'out of the country' accomplishes exactly nothing. Sure, other parts of the world are already closer to subsistence scrabbling than we currently-fortunate yanks, but that only means we have farther to fall, not that the depths will be any worse. Well, after the 'new normal' is established between the prepared individuals, and the bands of nomadic marauders. |
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Jbreher grand world monetary reset may be coming sooner than later.
Maybe. My preparations have been in for decades. I ain't trying to time this crash. I too see a recession on the horizon. for what I think will be then next recession. Not selling any BTC/Crypto though. I mean a recession is a 20% hit against your traditional investments, I figure 40% hit myself, a deep recession. A 'deep recession' is categorically different from a grand monetary reset. So hell, as coping mechanisms, as my way to stumble through life crutch, what am I going to do next?
Water. (I think this is a major weakness of most preparations. While you can't really move it if you need to move, it can make the difference between being able to shelter in place, and needing to move.) Bullets, Bandages, and Beans. Fitness. Defensible space. Practical skills knowledge. Small denomination real money. I'm american, so pre-1964 coinage (silver) for me. Build a bunker under the house and/or learn how to can veggies?
Sure. Don't just learn - set in a supply. |
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I ain't shilling anything. I am pointing out the negative consequences -- quite reversible ones, if the community would get off it's collective delusional metaphorical fat ass -- of implementing a centrally planned production quota upon transactional capacity.
You can keep pushing that narrative but no one wants to use a fork owned and run by Calvin Ayre and Craig Wright. Or Roger Ver for that matter. I don’t know how you can stand associating yourself with those characters. Funny how I'm clearly talking about BTC, and you yammer on about personalities associated with other Bitcoins. Are there "other bitcoins"? I think the prefix is a bit different. It does rhyme with "bit", though. ::le sigh:: Hey d_eddie, great to see you 'round these parts - as misguided though you be. |
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Maybe. My preparations have been in for decades. I ain't trying to time this crash. |
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There have been tried and tested methods that work, and the best one is, 'follow the trend'.
Or, you could, you know -- just hear me out here -- you could identify a new thing with huge asymmetric upside (::cough:: Bitcoin ::cough:: ), put everything you can afford to lose into that, and hodl on through all ups and downs until you emerge with life-changing money, still appreciating as fast as you can spend it. |
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The listing of AP as some sort of paragon of centrist, unbiased reporting tells me all I need to know about your diagram. |
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expect large US infrastructure spends in the future. This would be enough for the US to avoid recession alone.
The US gubmint can financialize themselves any amount of currency. The problem is that those in charge confuse financializing currency with marshaling wealth. Funny thing about wealth is that it is tangible, and cannot be zapped into existence by an entry into a spreadsheet. I wouldn’t be so sure about that. HM, I am at a loss of the meaning. Money from thin air? My opinion is: garbage in-garbage out, but maybe with some delay. Personally, I believe in reality that does not involve "helicopter" money. The US$ role as global reserve currency afford the US government certain liberties, such as creating wealth from thin air. Facepalm. Wealth cannot be created from thin air. Accounting shenanigans can transfer wealth from one party to another, but does not create new tangible stuff. |
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expect large US infrastructure spends in the future. This would be enough for the US to avoid recession alone.
The US gubmint can financialize themselves any amount of currency. The problem is that those in charge confuse financializing currency with marshaling wealth. Funny thing about wealth is that it is tangible, and cannot be zapped into existence by an entry into a spreadsheet. Well infrastructure is wealth Building of infrastructure requires wealth. Once the financialization party is over, the building stops. |
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expect large US infrastructure spends in the future. This would be enough for the US to avoid recession alone.
The US gubmint can financialize themselves any amount of currency. The problem is that those in charge confuse financializing currency with marshaling wealth. Funny thing about wealth is that it is tangible, and cannot be zapped into existence by an entry into a spreadsheet. |
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The current bond inversion is sufficiently foreseen that this recession will be avoided.
The current bond inversion 'tis but a sideshow. Or more properly a side effect. |
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If any consolation I am not really bullish for another 1.5 months. We need to wait for October.
"Wake me up when September ends" - B J Armstrong |
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Q: What changes enacted since then to stave off the possibility of further such events have actually made progress towards that objective?
2. There are a ton of changes that have been made to the financial system since, such as the amount of margin banks are required to hold and reducing lending against toxic instruments. That lending now tends to come from shadow banking institutions and hedge funds. The changes enacted were ostensibly to reduce the prevalence of 'too big to fail' institutions, to reduce the prevalence of exotic derivatives, and to reduce the prevalence of debt held by giant institutions collateralizing further debt held by giant institutions. Those were the stated objectives that would serve the goal of reducing systemic risk to the financial system. How are those objectives holding up? Whether pushing the toxic crap out to hedge funds helps the stability of global financial system remains to be seen. Either way you can be assured the world’s governments would just bail the banks out again. The precedent has already been set.
Immediately before the GFC, the FED had plenty of dry powder (such as a 5% federal funds rate as but one example) to deal with such a crisis. Today? In short, there is no particular reason to think the next financial crisis will tip over the apple cart.
The only out they have, should it hit today, is to inflate the dollar to levels that all but ensure a loss of trust, likely ending in a Venezuelan-style death spiral. Well, either that, or let the owners of the banks take the hit (albeit with associated collateral damage). And we know that's not gonna be the route they take. |
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You seem to be describing Armageddon-like scenarios in which gold might prosper in such a way that is appreciating 10x or more from current value, ... unlikely scenarios, but we might chose to make 1% to 10% of our investment choices based on such scenarios, especially if we assign them a high probability (such as 10%, which seems a bit high to me, but might seem reasonable to some of the Armageddon nutjobs out there)
Q: Given an unending supply of inflationary medium, how long can a balloon keep expanding? A: Exactly until the internal inflationary forces overcome structural integrity, causing balloon to burst. - jbreher, proud monetary armageddonist nutjob since long before the turn of the millennia Jbreher admits to being one of the armagaeddon nutjobs. Hopefully, you, jbreher, are not staking too much of actual value (more than 10% - or even up to 20% in really seemingly stupid-ass crazy dedication) on such an unlikely scenario. I don't know when, but I'm 99% certain there will be a grand worldwide monetary reset within my lifetime. Perhaps as early as next week. Oh gosh... That seems to be a high level of certainty that you are placing on something that I attribute, approximately 1% odds. Maybe that is part of the explanation for our differing views? Perhaps, but likely only in respect to closely-related topics. Q: Do you believe the insiders (e.g., Paulson, Geithner, Bernanke, et al) who stated back in 2008 the world was close to a complete and total financial meltdown? Q: What changes enacted since then to stave off the possibility of further such events have actually made progress towards that objective? |
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You seem to be describing Armageddon-like scenarios in which gold might prosper in such a way that is appreciating 10x or more from current value, ... unlikely scenarios, but we might chose to make 1% to 10% of our investment choices based on such scenarios, especially if we assign them a high probability (such as 10%, which seems a bit high to me, but might seem reasonable to some of the Armageddon nutjobs out there)
Q: Given an unending supply of inflationary medium, how long can a balloon keep expanding? A: Exactly until the internal inflationary forces overcome structural integrity, causing balloon to burst. - jbreher, proud monetary armageddonist nutjob since long before the turn of the millennia Jbreher admits to being one of the armagaeddon nutjobs. Hopefully, you, jbreher, are not staking too much of actual value (more than 10% - or even up to 20% in really seemingly stupid-ass crazy dedication) on such an unlikely scenario. I don't know when, but I'm 99% certain there will be a grand worldwide monetary reset within my lifetime. Perhaps as early as next week. I might subscribe to this, but the question is what form it would take. Imagine for a moment that ALL bonds in developed countries (or at least up to 30 year) are with negative yield (like in Germany right now). What would it mean? To me, it would almost certainly mean that you would be charged for deposits. In a big picture this would look like system malfunction. El-Erian recently said that fin system is not set up to operate with negative yields. Think of insurance and pension funds, for example. In this situation, who would have deposits larger than a month or two of expenses? Reset where and how would reset affect those negative rates? I don't think that the CBs/IMF/etal have WarRoomed the possibilities sufficiently in order to be ready when the offal hits the oscillator. Accordingly, they will likely react in panic. Which would indicate the reset could go in any direction. That said... r0ach certainly spews a lot of shit. However, I can agree with him on one point. I think the most likely reset (should it occur within the near or mid term) would be a return to gold as the ultimate basis of world monetary system. I suppose there might be an interim step of 'backed by SDR', but I don't expect that particular sleight of hand to last more than a decade itself. I do see scenarios where Bitcoin (be it BTC, BSV, or BCH) becomes the reserve currency, but given current state and rate of current trends, less likely. At least in the short term. As far as interest rates? Repudiated debt does not carry interest. I don't see the rebasing of the monetary system happening any time soon. Governments never give up power willingly, and the power to print money is the single greatest power they hold. I don't disagree with you on the governmental desire to coin money. However, the next monetary crisis, there will be no backstop. They will be powerless when the value of any currency they can manage trends toward zero. |
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You seem to be describing Armageddon-like scenarios in which gold might prosper in such a way that is appreciating 10x or more from current value, ... unlikely scenarios, but we might chose to make 1% to 10% of our investment choices based on such scenarios, especially if we assign them a high probability (such as 10%, which seems a bit high to me, but might seem reasonable to some of the Armageddon nutjobs out there)
Q: Given an unending supply of inflationary medium, how long can a balloon keep expanding? A: Exactly until the internal inflationary forces overcome structural integrity, causing balloon to burst. - jbreher, proud monetary armageddonist nutjob since long before the turn of the millennia Jbreher admits to being one of the armagaeddon nutjobs. Hopefully, you, jbreher, are not staking too much of actual value (more than 10% - or even up to 20% in really seemingly stupid-ass crazy dedication) on such an unlikely scenario. I don't know when, but I'm 99% certain there will be a grand worldwide monetary reset within my lifetime. Perhaps as early as next week. I might subscribe to this, but the question is what form it would take. Imagine for a moment that ALL bonds in developed countries (or at least up to 30 year) are with negative yield (like in Germany right now). What would it mean? To me, it would almost certainly mean that you would be charged for deposits. In a big picture this would look like system malfunction. El-Erian recently said that fin system is not set up to operate with negative yields. Think of insurance and pension funds, for example. In this situation, who would have deposits larger than a month or two of expenses? Reset where and how would reset affect those negative rates? I don't think that the CBs/IMF/etal have WarRoomed the possibilities sufficiently in order to be ready when the offal hits the oscillator. Accordingly, they will likely react in panic. Which would indicate the reset could go in any direction. That said... I think the most likely reset (should it occur within the near or mid term) would be a return to gold as the ultimate basis of world monetary system. I suppose there might be an interim step of 'backed by SDR', but I don't expect that particular sleight of hand to last more than a decade itself. Agree again, since they (CB) got lots of gold, and no bitcoin. However, I subscribe to Jim Rogers notion that when stocks would get smashed, gold would decline as well (temporarily), albeit it could rally 10% more first. Eventually, SDRs would probably be based on precious metal basket (or just gold) plus, hopefully, bitcoin (once CB get some). Methinks that your vision of 'monetary armageddon' is considerably tamer than is mine. |
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You seem to be describing Armageddon-like scenarios in which gold might prosper in such a way that is appreciating 10x or more from current value, ... unlikely scenarios, but we might chose to make 1% to 10% of our investment choices based on such scenarios, especially if we assign them a high probability (such as 10%, which seems a bit high to me, but might seem reasonable to some of the Armageddon nutjobs out there)
Q: Given an unending supply of inflationary medium, how long can a balloon keep expanding? A: Exactly until the internal inflationary forces overcome structural integrity, causing balloon to burst. - jbreher, proud monetary armageddonist nutjob since long before the turn of the millennia Jbreher admits to being one of the armagaeddon nutjobs. Hopefully, you, jbreher, are not staking too much of actual value (more than 10% - or even up to 20% in really seemingly stupid-ass crazy dedication) on such an unlikely scenario. I don't know when, but I'm 99% certain there will be a grand worldwide monetary reset within my lifetime. Perhaps as early as next week. I might subscribe to this, but the question is what form it would take. Imagine for a moment that ALL bonds in developed countries (or at least up to 30 year) are with negative yield (like in Germany right now). What would it mean? To me, it would almost certainly mean that you would be charged for deposits. In a big picture this would look like system malfunction. El-Erian recently said that fin system is not set up to operate with negative yields. Think of insurance and pension funds, for example. In this situation, who would have deposits larger than a month or two of expenses? Reset where and how would reset affect those negative rates? I don't think that the CBs/IMF/etal have WarRoomed the possibilities sufficiently in order to be ready when the offal hits the oscillator. Accordingly, they will likely react in panic. Which would indicate the reset could go in any direction. That said... r0ach certainly spews a lot of shit. However, I can agree with him on one point. I think the most likely reset (should it occur within the near or mid term) would be a return to gold as the ultimate basis of world monetary system. I suppose there might be an interim step of 'backed by SDR', but I don't expect that particular sleight of hand to last more than a decade itself. I do see scenarios where Bitcoin (be it BTC, BSV, or BCH) becomes the reserve currency, but given current state and rate of current trends, less likely. At least in the short term. As far as interest rates? Repudiated debt does not carry interest. |
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You seem to be describing Armageddon-like scenarios in which gold might prosper in such a way that is appreciating 10x or more from current value, ... unlikely scenarios, but we might chose to make 1% to 10% of our investment choices based on such scenarios, especially if we assign them a high probability (such as 10%, which seems a bit high to me, but might seem reasonable to some of the Armageddon nutjobs out there)
Q: Given an unending supply of inflationary medium, how long can a balloon keep expanding? A: Exactly until the internal inflationary forces overcome structural integrity, causing balloon to burst. - jbreher, proud monetary armageddonist nutjob since long before the turn of the millennia Jbreher admits to being one of the armagaeddon nutjobs. Hopefully, you, jbreher, are not staking too much of actual value (more than 10% - or even up to 20% in really seemingly stupid-ass crazy dedication) on such an unlikely scenario. I don't know when, but I'm 99% certain there will be a grand worldwide monetary reset within my lifetime. Perhaps as early as next week. |
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Guys, I've decided to give my alter ego, r0ach, a vacation. I'll be posting with this account for a while.
As long as you don't make a move to merge the two personas, I'm good. |
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