My logic on the coming one-world reserve currency and why it can't be Bitcoin nor any other crypto-currency (CC): Enslave? I think one wotld currency would be a good thing. Anything to bring humanity together instead of dividing us. We need to tear down political boundaries and remake the world. And hey, isn't that what bitcoin is for?
It would help a lot if you'd my prior posts in this thread (when I used to have the username 'iamback'): I chose to agree. This would be the single biggest issue that would cause an enslaving of nations.
thats why we need country fiat and bitcoin.
I thought we are already in this situation. *Ahem the US dollar? last time I checked everyone loves it, despite its covered bad value. So why would it recourse into another world reserve currency. The difference will be that the new one-world reserve coming approximately 2020, will not be controlled by any nation, but rather by a world government body. This will be viewed by the world as more fair. But in reality it will be much less fair, because the world government will act basically the way the Troika does in the EU now, lending to the nations and never letting them default. They will lend in the world currency, but the people will be paid in their nation's shit currency which is debased like hell by the national politics. So then when the national currency loses value, the people are stuck paying back loans in the relatively more expensive world currency. This is precisely what the Troika did to the PIIGS to destroy them. They will then do this on a global scale to enslave us all.
I hope everyone understands the implied point in the OP of comparing the Euro vs. Greece to the one-world reserve currency vs. nations.
Greece was forced to borrow denominated in Euros during the speculative inflow of investment at the turn of the 21st century, but as Germany was more productive they benefited more from the Euro and Greece had no way to devalue their debt. So they are repaying the debt with a lower productive economy with massive egress of speculative investment.
The same problem with happen when the reserve currency for debt is SDRs and then all nations will be repaying their debts in SDRs while they won't have the policy tools to inflate nor deflate their debt burdens to respond to volatility in relative productivity and speculative ingress and egress of capital. Effectively they become a slave to the international central bank who can issue fractional reserve debt denominated in SDRs, which the banksters will surely have in their back pocket again. Just like the Fed now is pumping debt into the developing world making them short the dollar, then it will pull the rug from under them by raising interest rates sending the dollar higher and causing them to repay debt in more expensive dollars.
The only solution to this problem is for the Knowledge Age to rise and say "I don't need stored monetary capital, I need knowledge". I will quote from myself about this as follows.
[...]
So Armstrong has been pitching this idea that governments could just print the money they need for taxes. So the model he is proposing is where national currencies float against an international reserve currency, so governments can then mess up their own currencies if they wish. He prefer the governments just print the money from their central banks, and the relative success of nations at managing their economic and fiscal policies will determine their relative value of the national currencies relative to the inevitable one-world reserve currency.
But by Armstrong's own admission, trade only accounts for 10% of the world's capital flows and thus the vast majority of the world's wealth will choose the one-world reserve currency as its unit-of-account and thus who ever has their hands on the levers for the debasement and fractional reserves rules of the one-world reserve currency (e.g. the elite who run the World Bank, BIS, IMF, etc..) can then speculate and manipulate the national economies at-will. This will be just Goldman Sachs take over of Europe and Greece but on a global economy-of-scale level.
For analogous reasons as to why the Euro failed, the one-world reserve currency with national government debts denominated in separate currencies will also cause the nations to fail just like Greece did. The bottom line is that who ever controls the reserve currency of the world, holds the power to destroy and enslave the other nations.
Also Armstrong is contradicting himself on claiming above that the impetus for a move to a one-world reserve currency will be only for economic reasons and "not political".
coinits, calm down you are preaching to the choir. You perhaps don't realize I wrote the syndicated essay Bitcoin : The Digital Kill Switch. I am the one who has been writing that Bitcoin is owned by TPTB. In spite of the arguable fact that Bitcoin is controlled by the global elite, my guarantee that it won't be the "winner take all" global currency remains certain. First of all, simpleton readers don't seem to understand the distinction between a reserve currency and a circulating currency. Crypto-currencies are the latter. Dollar and Euro cash are examples of the latter. US Treasury and Euro-denominated bonds are the former (Tier 1 reserve assets in the BIS Basel model). IMF SDRs are the former. The global elite are planning for a national (or regional) currencies floating against a global reserve currency. And they are planning for circulating currencies which are all digital. Bitcoin is one gambit in that mix.
Nope, but it would probably enslave Russia. Just look at what happened to the Ruble!
Incorrect! The one-world reserve currency will enslave all of the nations. Study my post #11 more carefully. You didn't comprehend it.
I suggest you relate that to "Confessions of an Economic Hitman" by John Perkins. And also relate that to the Asian crisis in 1998, which was caused by speculative international capital flows fleeing to Europe to take advantage of the ingress in investment that corresponded with the launch of the Euro. Nations are inherently prone to short-term capital ingress and egress. Without their own central bank to inflate out of an egress crisis, they are enslaved by the unit-of-account which is imposed on them by investors. The problem is fundamentally rooted in the ability of stored money to be a claim on future production. Instead when profitable production results from a diversity of knowledge innovations that are DIRECT (e.g. the customer uses your software, or they 3D print your design) and not just proxies diluted by mass production (e.g. factories make a million copies of your design), then stored money becomes incredibly difficult to invest. The more stored money you have, the faster it withers in relative value. This is the paradigm shift coming on now due to the Knowledge Age. In short, investing will become active instead of passive, and investing will be small and numerous (i.e. bottom-up) instead of large economy-of-scale fascism (i.e. top-down). Sorry Armstrong! Storing capital in money instead of fine-grained (maximum division-of-labor) knowledge thus causing international capital flows that are the problem! That paradigm must be eliminated! We need capital flows to be instead actual finely-grained, bottom-up knowledge exchange, where capital becomes knowledge and not stored claims on future production. Then there won't be any more nations, nor any one-world top-down slavery. You say "no one will save and be productive"? Wrong! They will save up their knowledge gained by being productive instead of lazy! This is the paradigm shift of epic proportions and nearly no one sees it is happening.
I am very surprised that Armstrong can not conceptualize what I wrote above. He responded by pretending to himself that I am some simpleton who is only learning from him. He failed to understand I am not talking about the existing debts. I am talking about the new debts that will form after the global monetary reset (restructure or default). My point is if we look at Greece, it sold its sovereign bonds denominated in the Euro(pean) reserve currency and thus it suffered pernicious (and self-reinforcing downward spiral of) austerity because it was not able to devalue the debt it owed by printing money to devalue its own currency and stimulate its economy by lowering the international cost of its exports and tourism industries. Even more importantly as we can see with the dollar reserve currency now, countries that sell debt in denominated in their national currencies pay an interest premium compared to when they sell debt denominated in the reserve currency. This is one example of many reasons[1] that those who have control over the reserve currency's central bank, have enslaved the other nations. This is why a USA Treasury official famously said to his Third World cohort, "its our dollar, but it is your problem". Armstrong is failing to understand that a reserve currency is inherently an enslavement paradigm. And the only possible way to eliminate this paradigm, is to make debt not profitable for investors. I explained how that will become the case with the shift from an Industrial Age to a Knowledge Age. But I think Armstrong is not smart enough to grasp the concept. Or he is too lazy to read the essays I wrote, which I had provided him links to. Additionally I am shocked that Armstrong is conflating unit-of-account with unit-of-exchange. That is the most basic error. The coming one world reserve currency will not be a circulating currency that is used for retail transactions. If that were the case, then the nations wouldn't even have their own currencies any more. The reserve currency will be used for settlement internationally for exchange between the national currencies which will float against the one world reserve currency. I don't think the nations will agree to give up their control over their national currencies, rather they will just agree to a reserve currency that isn't controlled by the USA exclusively. [1] http://www.mckinsey.com/insights/economic_studies/an_exorbitant_privilegehttp://www.imf.org/external/pubs/ft/fandd/2009/09/cohen.htmhttp://www.financialsense.com/contributors/john-butler/curse-reserve-currency-triffin-dilemma
you mean reserve is a backup?
Read the thread! Replies from others are emphasizing the use of BTC for gambling, but the keyword in my subject title is "reserve".
My point is that BTC is the unit-of-account by which everyone measures their gambling success, not fiat.
When someone gambles on an altcoin "investment" (speculation), they are hoping to get more BTC. They don't cash it out to fiat, they HODLit to gamble some more altcoin "investments". Even if you include gambling sites that accept Bitcoin, the gambler is likely HODLing their BTC gains (if any) and not cashing out to fiat.
Unit-of-account doesn't mean backup. You need to learn what reserve currency means. |
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Enslave? I think one wotld currency would be a good thing. Anything to bring humanity together instead of dividing us. We need to tear down political boundaries and remake the world. And hey, isn't that what bitcoin is for?
It would help a lot if you'd my prior posts in this thread (when I used to have the username 'iamback'): I chose to agree. This would be the single biggest issue that would cause an enslaving of nations.
thats why we need country fiat and bitcoin.
I thought we are already in this situation. *Ahem the US dollar? last time I checked everyone loves it, despite its covered bad value. So why would it recourse into another world reserve currency. The difference will be that the new one-world reserve coming approximately 2020, will not be controlled by any nation, but rather by a world government body. This will be viewed by the world as more fair. But in reality it will be much less fair, because the world government will act basically the way the Troika does in the EU now, lending to the nations and never letting them default. They will lend in the world currency, but the people will be paid in their nation's shit currency which is debased like hell by the national politics. So then when the national currency loses value, the people are stuck paying back loans in the relatively more expensive world currency. This is precisely what the Troika did to the PIIGS to destroy them. They will then do this on a global scale to enslave us all.
I hope everyone understands the implied point in the OP of comparing the Euro vs. Greece to the one-world reserve currency vs. nations.
Greece was forced to borrow denominated in Euros during the speculative inflow of investment at the turn of the 21st century, but as Germany was more productive they benefited more from the Euro and Greece had no way to devalue their debt. So they are repaying the debt with a lower productive economy with massive egress of speculative investment.
The same problem with happen when the reserve currency for debt is SDRs and then all nations will be repaying their debts in SDRs while they won't have the policy tools to inflate nor deflate their debt burdens to respond to volatility in relative productivity and speculative ingress and egress of capital. Effectively they become a slave to the international central bank who can issue fractional reserve debt denominated in SDRs, which the banksters will surely have in their back pocket again. Just like the Fed now is pumping debt into the developing world making them short the dollar, then it will pull the rug from under them by raising interest rates sending the dollar higher and causing them to repay debt in more expensive dollars.
The only solution to this problem is for the Knowledge Age to rise and say "I don't need stored monetary capital, I need knowledge". I will quote from myself about this as follows.
[...]
So Armstrong has been pitching this idea that governments could just print the money they need for taxes. So the model he is proposing is where national currencies float against an international reserve currency, so governments can then mess up their own currencies if they wish. He prefer the governments just print the money from their central banks, and the relative success of nations at managing their economic and fiscal policies will determine their relative value of the national currencies relative to the inevitable one-world reserve currency.
But by Armstrong's own admission, trade only accounts for 10% of the world's capital flows and thus the vast majority of the world's wealth will choose the one-world reserve currency as its unit-of-account and thus who ever has their hands on the levers for the debasement and fractional reserves rules of the one-world reserve currency (e.g. the elite who run the World Bank, BIS, IMF, etc..) can then speculate and manipulate the national economies at-will. This will be just Goldman Sachs take over of Europe and Greece but on a global economy-of-scale level.
For analogous reasons as to why the Euro failed, the one-world reserve currency with national government debts denominated in separate currencies will also cause the nations to fail just like Greece did. The bottom line is that who ever controls the reserve currency of the world, holds the power to destroy and enslave the other nations.
Also Armstrong is contradicting himself on claiming above that the impetus for a move to a one-world reserve currency will be only for economic reasons and "not political".
coinits, calm down you are preaching to the choir. You perhaps don't realize I wrote the syndicated essay Bitcoin : The Digital Kill Switch. I am the one who has been writing that Bitcoin is owned by TPTB. In spite of the arguable fact that Bitcoin is controlled by the global elite, my guarantee that it won't be the "winner take all" global currency remains certain. First of all, simpleton readers don't seem to understand the distinction between a reserve currency and a circulating currency. Crypto-currencies are the latter. Dollar and Euro cash are examples of the latter. US Treasury and Euro-denominated bonds are the former (Tier 1 reserve assets in the BIS Basel model). IMF SDRs are the former. The global elite are planning for a national (or regional) currencies floating against a global reserve currency. And they are planning for circulating currencies which are all digital. Bitcoin is one gambit in that mix.
Nope, but it would probably enslave Russia. Just look at what happened to the Ruble!
Incorrect! The one-world reserve currency will enslave all of the nations. Study my post #11 more carefully. You didn't comprehend it.
I suggest you relate that to "Confessions of an Economic Hitman" by John Perkins. And also relate that to the Asian crisis in 1998, which was caused by speculative international capital flows fleeing to Europe to take advantage of the ingress in investment that corresponded with the launch of the Euro. Nations are inherently prone to short-term capital ingress and egress. Without their own central bank to inflate out of an egress crisis, they are enslaved by the unit-of-account which is imposed on them by investors. The problem is fundamentally rooted in the ability of stored money to be a claim on future production. Instead when profitable production results from a diversity of knowledge innovations that are DIRECT (e.g. the customer uses your software, or they 3D print your design) and not just proxies diluted by mass production (e.g. factories make a million copies of your design), then stored money becomes incredibly difficult to invest. The more stored money you have, the faster it withers in relative value. This is the paradigm shift coming on now due to the Knowledge Age. In short, investing will become active instead of passive, and investing will be small and numerous (i.e. bottom-up) instead of large economy-of-scale fascism (i.e. top-down). Sorry Armstrong! Storing capital in money instead of fine-grained (maximum division-of-labor) knowledge thus causing international capital flows that are the problem! That paradigm must be eliminated! We need capital flows to be instead actual finely-grained, bottom-up knowledge exchange, where capital becomes knowledge and not stored claims on future production. Then there won't be any more nations, nor any one-world top-down slavery. You say "no one will save and be productive"? Wrong! They will save up their knowledge gained by being productive instead of lazy! This is the paradigm shift of epic proportions and nearly no one sees it is happening.
I am very surprised that Armstrong can not conceptualize what I wrote above. He responded by pretending to himself that I am some simpleton who is only learning from him. He failed to understand I am not talking about the existing debts. I am talking about the new debts that will form after the global monetary reset (restructure or default). My point is if we look at Greece, it sold its sovereign bonds denominated in the Euro(pean) reserve currency and thus it suffered pernicious (and self-reinforcing downward spiral of) austerity because it was not able to devalue the debt it owed by printing money to devalue its own currency and stimulate its economy by lowering the international cost of its exports and tourism industries. Even more importantly as we can see with the dollar reserve currency now, countries that sell debt in denominated in their national currencies pay an interest premium compared to when they sell debt denominated in the reserve currency. This is one example of many reasons[1] that those who have control over the reserve currency's central bank, have enslaved the other nations. This is why a USA Treasury official famously said to his Third World cohort, "its our dollar, but it is your problem". Armstrong is failing to understand that a reserve currency is inherently an enslavement paradigm. And the only possible way to eliminate this paradigm, is to make debt not profitable for investors. I explained how that will become the case with the shift from an Industrial Age to a Knowledge Age. But I think Armstrong is not smart enough to grasp the concept. Or he is too lazy to read the essays I wrote, which I had provided him links to. Additionally I am shocked that Armstrong is conflating unit-of-account with unit-of-exchange. That is the most basic error. The coming one world reserve currency will not be a circulating currency that is used for retail transactions. If that were the case, then the nations wouldn't even have their own currencies any more. The reserve currency will be used for settlement internationally for exchange between the national currencies which will float against the one world reserve currency. I don't think the nations will agree to give up their control over their national currencies, rather they will just agree to a reserve currency that isn't controlled by the USA exclusively. [1] http://www.mckinsey.com/insights/economic_studies/an_exorbitant_privilegehttp://www.imf.org/external/pubs/ft/fandd/2009/09/cohen.htmhttp://www.financialsense.com/contributors/john-butler/curse-reserve-currency-triffin-dilemma |
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Enslave? I think one wotld currency would be a good thing. Anything to bring humanity together instead of dividing us. We need to tear down political boundaries and remake the world. And hey, isn't that what bitcoin is for?
It would help a lot if you'd my prior posts in this thread (when I used to have the username 'iamback'): I chose to agree. This would be the single biggest issue that would cause an enslaving of nations.
thats why we need country fiat and bitcoin.
I thought we are already in this situation. *Ahem the US dollar? last time I checked everyone loves it, despite its covered bad value. So why would it recourse into another world reserve currency. The difference will be that the new one-world reserve coming approximately 2020, will not be controlled by any nation, but rather by a world government body. This will be viewed by the world as more fair. But in reality it will be much less fair, because the world government will act basically the way the Troika does in the EU now, lending to the nations and never letting them default. They will lend in the world currency, but the people will be paid in their nation's shit currency which is debased like hell by the national politics. So then when the national currency loses value, the people are stuck paying back loans in the relatively more expensive world currency. This is precisely what the Troika did to the PIIGS to destroy them. They will then do this on a global scale to enslave us all.
I hope everyone understands the implied point in the OP of comparing the Euro vs. Greece to the one-world reserve currency vs. nations.
Greece was forced to borrow denominated in Euros during the speculative inflow of investment at the turn of the 21st century, but as Germany was more productive they benefited more from the Euro and Greece had no way to devalue their debt. So they are repaying the debt with a lower productive economy with massive egress of speculative investment.
The same problem with happen when the reserve currency for debt is SDRs and then all nations will be repaying their debts in SDRs while they won't have the policy tools to inflate nor deflate their debt burdens to respond to volatility in relative productivity and speculative ingress and egress of capital. Effectively they become a slave to the international central bank who can issue fractional reserve debt denominated in SDRs, which the banksters will surely have in their back pocket again. Just like the Fed now is pumping debt into the developing world making them short the dollar, then it will pull the rug from under them by raising interest rates sending the dollar higher and causing them to repay debt in more expensive dollars.
The only solution to this problem is for the Knowledge Age to rise and say "I don't need stored monetary capital, I need knowledge". I will quote from myself about this as follows.
[...]
So Armstrong has been pitching this idea that governments could just print the money they need for taxes. So the model he is proposing is where national currencies float against an international reserve currency, so governments can then mess up their own currencies if they wish. He prefer the governments just print the money from their central banks, and the relative success of nations at managing their economic and fiscal policies will determine their relative value of the national currencies relative to the inevitable one-world reserve currency.
But by Armstrong's own admission, trade only accounts for 10% of the world's capital flows and thus the vast majority of the world's wealth will choose the one-world reserve currency as its unit-of-account and thus who ever has their hands on the levers for the debasement and fractional reserves rules of the one-world reserve currency (e.g. the elite who run the World Bank, BIS, IMF, etc..) can then speculate and manipulate the national economies at-will. This will be just Goldman Sachs take over of Europe and Greece but on a global economy-of-scale level.
For analogous reasons as to why the Euro failed, the one-world reserve currency with national government debts denominated in separate currencies will also cause the nations to fail just like Greece did. The bottom line is that who ever controls the reserve currency of the world, holds the power to destroy and enslave the other nations.
Also Armstrong is contradicting himself on claiming above that the impetus for a move to a one-world reserve currency will be only for economic reasons and "not political".
coinits, calm down you are preaching to the choir. You perhaps don't realize I wrote the syndicated essay Bitcoin : The Digital Kill Switch. I am the one who has been writing that Bitcoin is owned by TPTB. In spite of the arguable fact that Bitcoin is controlled by the global elite, my guarantee that it won't be the "winner take all" global currency remains certain. First of all, simpleton readers don't seem to understand the distinction between a reserve currency and a circulating currency. Crypto-currencies are the latter. Dollar and Euro cash are examples of the latter. US Treasury and Euro-denominated bonds are the former (Tier 1 reserve assets in the BIS Basel model). IMF SDRs are the former. The global elite are planning for a national (or regional) currencies floating against a global reserve currency. And they are planning for circulating currencies which are all digital. Bitcoin is one gambit in that mix.
Nope, but it would probably enslave Russia. Just look at what happened to the Ruble!
Incorrect! The one-world reserve currency will enslave all of the nations. Study my post #11 more carefully. You didn't comprehend it.
I suggest you relate that to "Confessions of an Economic Hitman" by John Perkins. And also relate that to the Asian crisis in 1998, which was caused by speculative international capital flows fleeing to Europe to take advantage of the ingress in investment that corresponded with the launch of the Euro. Nations are inherently prone to short-term capital ingress and egress. Without their own central bank to inflate out of an egress crisis, they are enslaved by the unit-of-account which is imposed on them by investors. The problem is fundamentally rooted in the ability of stored money to be a claim on future production. Instead when profitable production results from a diversity of knowledge innovations that are DIRECT (e.g. the customer uses your software, or they 3D print your design) and not just proxies diluted by mass production (e.g. factories make a million copies of your design), then stored money becomes incredibly difficult to invest. The more stored money you have, the faster it withers in relative value. This is the paradigm shift coming on now due to the Knowledge Age. In short, investing will become active instead of passive, and investing will be small and numerous (i.e. bottom-up) instead of large economy-of-scale fascism (i.e. top-down). Sorry Armstrong! Storing capital in money instead of fine-grained (maximum division-of-labor) knowledge thus causing international capital flows that are the problem! That paradigm must be eliminated! We need capital flows to be instead actual finely-grained, bottom-up knowledge exchange, where capital becomes knowledge and not stored claims on future production. Then there won't be any more nations, nor any one-world top-down slavery. You say "no one will save and be productive"? Wrong! They will save up their knowledge gained by being productive instead of lazy! This is the paradigm shift of epic proportions and nearly no one sees it is happening.
I am very surprised that Armstrong can not conceptualize what I wrote above. He responded by pretending to himself that I am some simpleton who is only learning from him. He failed to understand I am not talking about the existing debts. I am talking about the new debts that will form after the global monetary reset (restructure or default). My point is if we look at Greece, it sold its sovereign bonds denominated in the Euro(pean) reserve currency and thus it suffered pernicious (and self-reinforcing downward spiral of) austerity because it was not able to devalue the debt it owed by printing money to devalue its own currency and stimulate its economy by lowering the international cost of its exports and tourism industries. Even more importantly as we can see with the dollar reserve currency now, countries that sell debt in denominated in their national currencies pay an interest premium compared to when they sell debt denominated in the reserve currency. This is one example of many reasons[1] that those who have control over the reserve currency's central bank, have enslaved the other nations. This is why a USA Treasury official famously said to his Third World cohort, "its our dollar, but it is your problem". Armstrong is failing to understand that a reserve currency is inherently an enslavement paradigm. And the only possible way to eliminate this paradigm, is to make debt not profitable for investors. I explained how that will become the case with the shift from an Industrial Age to a Knowledge Age. But I think Armstrong is not smart enough to grasp the concept. Or he is too lazy to read the essays I wrote, which I had provided him links to. Additionally I am shocked that Armstrong is conflating unit-of-account with unit-of-exchange. That is the most basic error. The coming one world reserve currency will not be a circulating currency that is used for retail transactions. If that were the case, then the nations wouldn't even have their own currencies any more. The reserve currency will be used for settlement internationally for exchange between the national currencies which will float against the one world reserve currency. I don't think the nations will agree to give up their control over their national currencies, rather they will just agree to a reserve currency that isn't controlled by the USA exclusively. [1] http://www.mckinsey.com/insights/economic_studies/an_exorbitant_privilegehttp://www.imf.org/external/pubs/ft/fandd/2009/09/cohen.htmhttp://www.financialsense.com/contributors/john-butler/curse-reserve-currency-triffin-dilemma
you mean reserve is a backup?
Read the thread! Replies from others are emphasizing the use of BTC for gambling, but the keyword in my subject title is "reserve".
My point is that BTC is the unit-of-account by which everyone measures their gambling success, not fiat.
When someone gambles on an altcoin "investment" (speculation), they are hoping to get more BTC. They don't cash it out to fiat, they HODLit to gamble some more altcoin "investments". Even if you include gambling sites that accept Bitcoin, the gambler is likely HODLing their BTC gains (if any) and not cashing out to fiat.
Unit-of-account doesn't mean backup. You need to learn what reserve currency means. |
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Let me make it simpler. All the coins mentioned above will fail. Only own them for the P&D gambler's gains. Summarizing all detailed arguments for layman is something on my future todo list. I really don't think you are going to understand unless we have a 1 month lecture series that every speculator needs to pass with a grade of at least a B. For example, how do I explain esoteric computer science topic of "dependent typing" to a layman  The ignorance is strong with this one. Don't take advice from someone who clearly does not know what he is talking about. A 13 year old programmer knows more than this guy. The guy who solves a 50 year old major problem in computer science and who is designing a new computer programming language is what is known as a 1 in 50 rarity top programmer: https://bitcointalk.org/index.php?topic=1219023.msg14715888#msg14715888https://bitcointalk.org/index.php?topic=1219023.msg14685179#msg14685179https://bitcointalk.org/index.php?topic=1219023.msg14698495#msg14698495There aren't any 13 year old programmers on the planet who can match my computer science expertise. If you randomly picked 100 programmers, there is a good chance I am in the top 2. |
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Found this old "stream of consciousness" essay I wrote quickly "off the cuff" in March 2009. Interesting to read the entire essay because it was the first time I publicly mentioned Martin Armstrong in a very poignant way, and also I was clearly looking for Bitcoin. I'll quote the portion that claims I had 17,000oz of silver: P.S. If anyone wants to buy Buffalo 0.999 1oz silver rounds, I am selling them for $1 over spot in lots of 100oz. Contact me via email for how to order at this price ( antithesis@coolpage.com). There are photos at VaultOz.com. These are brand new in mint tubes of 20 from the Highland mint, stored at a reputable depository that ships within 24 - 48 hours of your payment. I manufactured about 17,000oz and have about 9,000oz remaining to sell. I am no longer planning to do this as a business and am liquidating at a loss, so I can move my silver assets outside the USA. |
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Found this old "stream of consciousness" essay I wrote quickly "off the cuff" in March 2009. Interesting to read the entire essay because it was the first time I publicly mentioned Martin Armstrong in a very poignant way, and also I was clearly looking for Bitcoin. I'll quote the portion that claims I had 17,000oz of silver: P.S. If anyone wants to buy Buffalo 0.999 1oz silver rounds, I am selling them for $1 over spot in lots of 100oz. Contact me via email for how to order at this price ( antithesis@coolpage.com). There are photos at VaultOz.com. These are brand new in mint tubes of 20 from the Highland mint, stored at a reputable depository that ships within 24 - 48 hours of your payment. I manufactured about 17,000oz and have about 9,000oz remaining to sell. I am no longer planning to do this as a business and am liquidating at a loss, so I can move my silver assets outside the USA. P.S. beach party this Sunday afternoon and night: http://waterworlddavao.com/photo-gallery/ |
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If the interest rates rise globally, there will be hyperinflation
Utter nonsense. It will be massive deflation due to sovereign debt defaults. The governments are not going to drop money from helicopters. Please understand what is really going on. Also please note I significantly edited my post with the RED TEXT above. |
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If the interest rates rise globally, there will be hyperinflation
Utter nonsense. It will be massive deflation due to sovereign debt defaults. The governments are not going to drop money from helicopters. Please understand what is really going on. |
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This is yet another reason why we need a successful decentralized social network: Illegal immigrant is arrested over murder of American nanny in Austria after she took him in to stop him being deported - and is revealed to have raped underage girl  (nb: facebook owns the © on her picture. You know who owns your digital stuff after you get killed.) |
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This is yet another reason why we need a successful decentralized social network: Illegal immigrant is arrested over murder of American nanny in Austria after she took him in to stop him being deported - and is revealed to have raped underage girl (nb: facebook owns the © on her picture. You know who owns your digital stuff after you get killed.) |
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Anarcho-capitalism is a political philosophy that advocates the elimination of the state in favor of individual sovereignty, private property, and open markets.
Minarchism is a libertarian political philosophy which advocates for a minimal state, that is, a state that acts only on very essential functions, while all other functions are provided by the free market.
I voted that I am a Minanarchist, because I live in reality not delusion. Crypto-anarchists' delusions lead to a totalitarian State., i.e. these tinfoil hats aren't diversified: Granted you may be actively trading and planning on stopping out before taking a big loss, sure, but that whole approach is still not really "risk averse" as I would consider the term (in the sense of owning 25% metals, 25% land, etc.)
Correct, because stop losses are losses. They are not diversification. Anyone who is risk adverse would have a portfolio of something like 25% physical cash, 25% metals, 25% land/rental properties, 25% btc.
Anyone who has more than 25% of their liquid network in crypto (and the rest in instantly illiquid assets such as gold, cash, and land since governments routinely cancel cash, apply capital controls to gold, and can raise taxes egregiously on land causing buyers to run away) at this stage of the imminent global liquidity squeeze as interest rates rise and with the risks of CC failure due to centralization, is either very poor already and gambling with lunch money, or is a high stakes gambler and not a prudent investor. |
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VERY IMPORTANT!Martin Armstrong's "if this, then that" reversals have indicated that a very rare and unexpected outcome has become more plausible: We will do a brief video update tomorrow on the general state of the markets given we have elected Monthly Bullish Reversals in several currencies. While we have been looking for the Euro to reach 116, we have now clearly extended the sideways rally given that the major low for last year took place in March 2015. May has been the main target in time on our arrays for a long-time. It appears we should press higher into May (dollar decline). There is a potential that exceeding the 117 level could spark a rally even up to the 125 level. This is rather serious for last year’s high was 12109. Exceeding that high intraday would make 2016 a REACTION HIGH since we did not make a new low this year.
The yearly array in the Euro warns the turning points are 2016 and 2018 followed then by 2022. Additionally, 2016 is a PANIC CYCLE YEAR and we have not seen anything unfold with volatility just yet. We have the BREXIT vote in June. A failure for Britain to exit would perhaps create that last rally of euphoria that the Euro will survive. Nevertheless, the fundamentals which hit in 2017 globally, warn that the trend thereafter does not look very bright.
Such a move in the Euro to exceed last year’s high would most likely result in a tremendous setup for a [ur=https://www.armstrongeconomics.com/uncategorized/the-false-move/]FALSE MOVE[/url] and the slingshot we see that appears to be unfolding from next year onward. Everything from oil, turmoil in Saudi Arabia, commodities (including metals) to stocks, bonds, and currencies, are all warning that we will see the crazy times ahead in trading where most will lose everything.
What Armstrong is saying is that the prediction markets (i.e. the Euro's FX value) may have ascertained that BREXIT vote will result with Britain remaining in the EU. Probably because of the corrupt control (e.g. vote counting cheating) combined the people can be frightened by for example the speech from Obama threatening to cut off Britian from trade negotiations. Additionally the EU migration policy has enabled many migrants to relocate for better work in the UK and throughout the EU. Additionally many retirees in Europe dependent on government's implicit backing of pensions who are frightened by the prospects of a turn away from socialism. This was what I predicted (" Europe will not disintegrate") back in 2010 (see the bolded linked essay which btw was widely syndicated at goldeagle.com, marketoracle,co.uk, financialsense.com, silverbearcafe, etc): The implications of this are that the rising interest rates and slingshot scenario for the US stocks and US dollar could be delayed until 2017 or even 2018. This FALSE MOVE up for Europe could cause a FALSE MOVE down for the US stock market and US dollar (inversion of the reasons for the slingshot move) which will load the slingshot with maximum catapulting force. Those who don't understand what I am referring to by "slingshot" need to review my recent posts upthread. So this means we might not get a crash in Bitcoin and gold at this time if they are still anti-correlated to the US dollar and US stocks. We might be looking at "happy speculating days are here again" for another 1.5 years!! OMG!!  But realize that when the slingshot comes 2017ish (with the phase transition accelerated stampede beginning perhaps 2017.95 instead of peaking on that date as originally speculated), US dollar, US stocks, gold, Bitcoin, and other tangible "off the grid" assets will be aligned in an upward bubble as the rest of the world flees its collapsing economies (for reasons as explained upthread). So assuming BREXIT is denied (and the public's support of EU is affirmed), we may see for the remainder of 2016 that USD down, US stocks down, and gold and Bitcoin could go either direction. Gold might go down since it is seen as a hedge against government failure. Bitcoin could go up if people are selling gold and looking for an alternative speculation in the tinfoil hat arena. Bitcoin isn't really a hedge against government failure, rather BTC is a crypto-gambler's paradise reserve currency. But gold may also still be anti-correlated to the USD somewhat, so perhaps gold would not decline and not go up either. However it is possible that Bitcoin would go down with both gold and USD/USD stocks, if Bitcoin is seem also ideologically a bet on the failure of currency unions and governments. My thinking though is Bitcoin is a hi-tech innovation and is driven by crypto speculation demand. Perhaps what can bring Bitcoin down is the realization that SegWit doesn't solve Bitcoin's scalepocalyse. Whereas, once that FALSE MOVE into the Euro peaks and the realities of how fucked the ZIRP and pegging of currencies is, with the $10 trillion short on the USD by foreign corporation bond offerings, then the SLINGSHOT back into the USD and US stocks, which at first will confound everyone. But this will accelerate the collapse of the rest of the world as the USD rises. As this gains steam, it is possible it may pull some money out of Bitcoin, as Bitcoin may have peaked from the current up move, and speculators will want a new speculation as they see gold and USD/US stocks rising. So perhaps Bitcoin is anti-correlated to gold after all! Hmmm. But the other possibility is gold and Bitcoin both don't make a significant move on the FALSE MOVE, or they both go down or up together. My bet is as follows: 1. Gold is primarily a hedge against failure of government now, and no longer anti-correlated to USD. Tinfoil hat goldbugs have by now realized China is not our savior. 2. BREXIT fails, Euro up, Euro stocks up, USD down, USD stocks down, gold down, and Bitcoin confused. 3. SegWit realized to be insufficient, Bitcoin down hard along with gold, USD, USD stocks. Edit: Armstrong sees gold aligning with USD stocks (but very importantly still disaligned with USD) in preparation for the upcoming FALSE MOVE in 2016 followed by SLINGSHOT move in 2017. And has noted USA Dow stocks in the region of technical support. So it appears the current up move in gold, Bitcoin, and stocks will reverse with the outcome of the BREXIT vote if is a "No" result. |
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No, you have a problem with misreading, what I said was that your accusation is that TPTB_need_war is a sham, but you're incorrectly using the word scam as a stand-in. Also, as far as breaking anonymity is concerned, this is a fallacy that I somewhat covered in this thread in #2: https://bitcointalk.org/index.php?topic=1430839.0BTW, Shadowcash was brazenly using this "prove it" argument until they weren't  And he can't even call me a sham, until he refutes my technical arguments, which the Dashtards gave up because they realized they couldn't. And the "prove it" is scam methodology, when the masternodes are ostensibly (and mathematically obviously) monopolized by the instamine insiders who have been receiving up to 50% per annum ROI on staking their instamined coins, and even the argument that they sold into the bubble as refuted by myself with basic market theory that says the majority buy the top and the insiders control the float so they have the information to know when to sell the top and buy the bottom because they control this. We've refuted everything they say dozens and dozens of times. They just want to waste more of my time so I would be distracted from my coding. I must ignore them now. |
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VERY IMPORTANT!Martin Armstrong's "if this, then that" reversals have indicated that a very rare and unexpected outcome has become more plausible: We will do a brief video update tomorrow on the general state of the markets given we have elected Monthly Bullish Reversals in several currencies. While we have been looking for the Euro to reach 116, we have now clearly extended the sideways rally given that the major low for last year took place in March 2015. May has been the main target in time on our arrays for a long-time. It appears we should press higher into May (dollar decline). There is a potential that exceeding the 117 level could spark a rally even up to the 125 level. This is rather serious for last year’s high was 12109. Exceeding that high intraday would make 2016 a REACTION HIGH since we did not make a new low this year.
The yearly array in the Euro warns the turning points are 2016 and 2018 followed then by 2022. Additionally, 2016 is a PANIC CYCLE YEAR and we have not seen anything unfold with volatility just yet. We have the BREXIT vote in June. A failure for Britain to exit would perhaps create that last rally of euphoria that the Euro will survive. Nevertheless, the fundamentals which hit in 2017 globally, warn that the trend thereafter does not look very bright.
Such a move in the Euro to exceed last year’s high would most likely result in a tremendous setup for a [ur=https://www.armstrongeconomics.com/uncategorized/the-false-move/]FALSE MOVE[/url] and the slingshot we see that appears to be unfolding from next year onward. Everything from oil, turmoil in Saudi Arabia, commodities (including metals) to stocks, bonds, and currencies, are all warning that we will see the crazy times ahead in trading where most will lose everything.
What Armstrong is saying is that the prediction markets (i.e. the Euro's FX value) may have ascertained that BREXIT vote will result with Britain remaining in the EU. Probably because of the corrupt control (e.g. vote counting cheating) combined the people can be frightened by for example the speech from Obama threatening to cut off Britian from trade negotiations. Additionally the EU migration policy has enabled many migrants to relocate for better work in the UK and throughout the EU. Additionally many retirees in Europe dependent on government's implicit backing of pensions who are frightened by the prospects of a turn away from socialism. This was what I predicted (" Europe will not disintegrate") back in 2010 (see the bolded linked essay which btw was widely syndicated at goldeagle.com, marketoracle,co.uk, financialsense.com, silverbearcafe, etc): The implications of this are that the rising interest rates and slingshot scenario for the US stocks and US dollar could be delayed until 2017 or even 2018. This FALSE MOVE up for Europe could cause a FALSE MOVE down for the US stock market and US dollar (inversion of the reasons for the slingshot move) which will load the slingshot with maximum catapulting force. Those who don't understand what I am referring to by "slingshot" need to review my recent posts upthread. So this means we might not get a crash in Bitcoin and gold at this time if they are still anti-correlated to the US dollar and US stocks. We might be looking at "happy speculating days are here again" for another 1.5 years!! OMG!! But realize that when the slingshot comes 2017ish (with the phase transition accelerated stampede beginning perhaps 2017.95 instead of peaking on that date as originally speculated), US dollar, US stocks, gold, Bitcoin, and other tangible "off the grid" assets will be aligned in an upward bubble as the rest of the world flees its collapsing economies (for reasons as explained upthread). So assuming BREXIT is denied (and the public's support of EU is affirmed), we may see for the remainder of 2016 that USD down, US stocks down, and gold and Bitcoin could go either direction. Gold might go down since it is seen as a hedge against government failure. Bitcoin could go up if people are selling gold and looking for an alternative speculation in the tinfoil hat arena. Bitcoin isn't really a hedge against government failure, rather BTC is a crypto-gambler's paradise reserve currency. But gold may also still be anti-correlated to the USD somewhat, so perhaps gold would not decline and not go up either. However it is possible that Bitcoin would go down with both gold and USD/USD stocks, if Bitcoin is seem also ideologically a bet on the failure of currency unions and governments. My thinking though is Bitcoin is a hi-tech innovation and is driven by crypto speculation demand. Perhaps what can bring Bitcoin down is the realization that SegWit doesn't solve Bitcoin's scalepocalyse. Whereas, once that FALSE MOVE into the Euro peaks and the realities of how fucked the ZIRP and pegging of currencies is, with the $10 trillion short on the USD by foreign corporation bond offerings, then the SLINGSHOT back into the USD and US stocks, which at first will confound everyone. But this will accelerate the collapse of the rest of the world as the USD rises. As this gains steam, it is possible it may pull some money out of Bitcoin, as Bitcoin may have peaked from the current up move, and speculators will want a new speculation as they see gold and USD/US stocks rising. So perhaps Bitcoin is anti-correlated to gold after all! Hmmm. But the other possibility is gold and Bitcoin both don't make a significant move on the FALSE MOVE, or they both go down or up together. My bet is as follows: 1. Gold is primarily a hedge against failure of government now, and no longer anti-correlated to USD. Tinfoil hat goldbugs have by now realized China is not our savior. 2. BREXIT fails, Euro up, Euro stocks up, USD down, USD stocks down, gold down, and Bitcoin confused. 3. SegWit realized to be insufficient, Bitcoin down hard along with gold, USD, USD stocks. Edit: Armstrong sees gold aligning with USD stocks (but very importantly still disaligned with USD) in preparation for the upcoming FALSE MOVE in 2016 followed by SLINGSHOT move in 2017. And has noted USA Dow stocks in the region of technical support. So it appears the current up move in gold, Bitcoin, and stocks will reverse with the outcome of the BREXIT vote if is a "No" result.
Anarcho-capitalism is a political philosophy that advocates the elimination of the state in favor of individual sovereignty, private property, and open markets.
Minarchism is a libertarian political philosophy which advocates for a minimal state, that is, a state that acts only on very essential functions, while all other functions are provided by the free market.
I voted that I am a Minanarchist, because I live in reality not delusion. Crypto-anarchists' delusions lead to a totalitarian State., i.e. these tinfoil hats aren't diversified: Granted you may be actively trading and planning on stopping out before taking a big loss, sure, but that whole approach is still not really "risk averse" as I would consider the term (in the sense of owning 25% metals, 25% land, etc.)
Correct, because stop losses are losses. They are not diversification. Anyone who is risk adverse would have a portfolio of something like 25% physical cash, 25% metals, 25% land/rental properties, 25% btc.
Anyone who has more than 25% of their liquid network in crypto (and the rest in instantly illiquid assets such as gold, cash, and land since governments routinely cancel cash, apply capital controls to gold, and can raise taxes egregiously on land causing buyers to run away) at this stage of the imminent global liquidity squeeze as interest rates rise and with the risks of CC failure due to centralization, is either very poor already and gambling with lunch money, or is a high stakes gambler and not a prudent investor.
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VERY IMPORTANT!Martin Armstrong's "if this, then that" reversals have indicated that a very rare and unexpected outcome has become more plausible: We will do a brief video update tomorrow on the general state of the markets given we have elected Monthly Bullish Reversals in several currencies. While we have been looking for the Euro to reach 116, we have now clearly extended the sideways rally given that the major low for last year took place in March 2015. May has been the main target in time on our arrays for a long-time. It appears we should press higher into May (dollar decline). There is a potential that exceeding the 117 level could spark a rally even up to the 125 level. This is rather serious for last year’s high was 12109. Exceeding that high intraday would make 2016 a REACTION HIGH since we did not make a new low this year.
The yearly array in the Euro warns the turning points are 2016 and 2018 followed then by 2022. Additionally, 2016 is a PANIC CYCLE YEAR and we have not seen anything unfold with volatility just yet. We have the BREXIT vote in June. A failure for Britain to exit would perhaps create that last rally of euphoria that the Euro will survive. Nevertheless, the fundamentals which hit in 2017 globally, warn that the trend thereafter does not look very bright.
Such a move in the Euro to exceed last year’s high would most likely result in a tremendous setup for a [ur=https://www.armstrongeconomics.com/uncategorized/the-false-move/]FALSE MOVE[/url] and the slingshot we see that appears to be unfolding from next year onward. Everything from oil, turmoil in Saudi Arabia, commodities (including metals) to stocks, bonds, and currencies, are all warning that we will see the crazy times ahead in trading where most will lose everything.
What Armstrong is saying is that the prediction markets (i.e. the Euro's FX value) may have ascertained that BREXIT vote will result with Britain remaining in the EU. Probably because of the corrupt control (e.g. vote counting cheating) combined the people can be frightened by for example the speech from Obama threatening to cut off Britian from trade negotiations. Additionally the EU migration policy has enabled many migrants to relocate for better work in the UK and throughout the EU. Additionally many retirees in Europe dependent on government's implicit backing of pensions who are frightened by the prospects of a turn away from socialism. This was what I predicted (" Europe will not disintegrate") back in 2010 (see the bolded linked essay which btw was widely syndicated at goldeagle.com, marketoracle,co.uk, financialsense.com, silverbearcafe, etc): The implications of this are that the rising interest rates and slingshot scenario for the US stocks and US dollar could be delayed until 2017 or even 2018. This FALSE MOVE up for Europe could cause a FALSE MOVE down for the US stock market and US dollar (inversion of the reasons for the slingshot move) which will load the slingshot with maximum catapulting force. Those who don't understand what I am referring to by "slingshot" need to review my recent posts upthread. So this means we might not get a crash in Bitcoin and gold at this time if they are still anti-correlated to the US dollar and US stocks. We might be looking at "happy speculating days are here again" for another 1.5 years!! OMG!! But realize that when the slingshot comes 2017ish (with the phase transition accelerated stampede beginning perhaps 2017.95 instead of peaking on that date as originally speculated), US dollar, US stocks, gold, Bitcoin, and other tangible "off the grid" assets will be aligned in an upward bubble as the rest of the world flees its collapsing economies (for reasons as explained upthread). So assuming BREXIT is denied (and the public's support of EU is affirmed), we may see for the remainder of 2016 that USD down, US stocks down, and gold and Bitcoin could go either direction. Gold might go down since it is seen as a hedge against government failure. Bitcoin could go up if people are selling gold and looking for an alternative speculation in the tinfoil hat arena. Bitcoin isn't really a hedge against government failure, rather BTC is a crypto-gambler's paradise reserve currency. But gold may also still be anti-correlated to the USD somewhat, so perhaps gold would not decline and not go up either. However it is possible that Bitcoin would go down with both gold and USD/USD stocks, if Bitcoin is seem also ideologically a bet on the failure of currency unions and governments. My thinking though is Bitcoin is a hi-tech innovation and is driven by crypto speculation demand. Perhaps what can bring Bitcoin down is the realization that SegWit doesn't solve Bitcoin's scalepocalyse. Whereas, once that FALSE MOVE into the Euro peaks and the realities of how fucked the ZIRP and pegging of currencies is, with the $10 trillion short on the USD by foreign corporation bond offerings, then the SLINGSHOT back into the USD and US stocks, which at first will confound everyone. But this will accelerate the collapse of the rest of the world as the USD rises. As this gains steam, it is possible it may pull some money out of Bitcoin, as Bitcoin may have peaked from the current up move, and speculators will want a new speculation as they see gold and USD/US stocks rising. So perhaps Bitcoin is anti-correlated to gold after all! Hmmm. But the other possibility is gold and Bitcoin both don't make a significant move on the FALSE MOVE, or they both go down or up together. My bet is as follows: 1. Gold is primarily a hedge against failure of government now, and no longer anti-correlated to USD. Tinfoil hat goldbugs have by now realized China is not our savior. 2. BREXIT fails, Euro up, Euro stocks up, USD down, USD stocks down, gold down, and Bitcoin confused. 3. SegWit realized to be insufficient, Bitcoin down hard along with gold, USD, USD stocks. Edit: Armstrong sees gold aligning with USD stocks (but very importantly still disaligned with USD) in preparation for the upcoming FALSE MOVE in 2016 followed by SLINGSHOT move in 2017. And has noted USA Dow stocks in the region of technical support. So it appears the current up move in gold, Bitcoin, and stocks will reverse with the outcome of the BREXIT vote if is a "No" result. |
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VERY IMPORTANT!Martin Armstrong's "if this, then that" reversals have indicated that a very rare and unexpected outcome has become more plausible: We will do a brief video update tomorrow on the general state of the markets given we have elected Monthly Bullish Reversals in several currencies. While we have been looking for the Euro to reach 116, we have now clearly extended the sideways rally given that the major low for last year took place in March 2015. May has been the main target in time on our arrays for a long-time. It appears we should press higher into May (dollar decline). There is a potential that exceeding the 117 level could spark a rally even up to the 125 level. This is rather serious for last year’s high was 12109. Exceeding that high intraday would make 2016 a REACTION HIGH since we did not make a new low this year.
The yearly array in the Euro warns the turning points are 2016 and 2018 followed then by 2022. Additionally, 2016 is a PANIC CYCLE YEAR and we have not seen anything unfold with volatility just yet. We have the BREXIT vote in June. A failure for Britain to exit would perhaps create that last rally of euphoria that the Euro will survive. Nevertheless, the fundamentals which hit in 2017 globally, warn that the trend thereafter does not look very bright.
Such a move in the Euro to exceed last year’s high would most likely result in a tremendous setup for a [ur=https://www.armstrongeconomics.com/uncategorized/the-false-move/]FALSE MOVE[/url] and the slingshot we see that appears to be unfolding from next year onward. Everything from oil, turmoil in Saudi Arabia, commodities (including metals) to stocks, bonds, and currencies, are all warning that we will see the crazy times ahead in trading where most will lose everything.
What Armstrong is saying is that the prediction markets (i.e. the Euro's FX value) may have ascertained that BREXIT vote will result with Britain remaining in the EU. Probably because of the corrupt control (e.g. vote counting cheating) combined the people can be frightened by for example the speech from Obama threatening to cut off Britian from trade negotiations. Additionally the EU migration policy has enabled many migrants to relocate for better work in the UK and throughout the EU. Additionally many retirees in Europe dependent on government's implicit backing of pensions who are frightened by the prospects of a turn away from socialism. This was what I predicted (" Europe will not disintegrate") back in 2010 (see the bolded linked essay which btw was widely syndicated at goldeagle.com, marketoracle,co.uk, financialsense.com, silverbearcafe, etc): The implications of this are that the rising interest rates and slingshot scenario for the US stocks and US dollar could be delayed until 2017 or even 2018. This FALSE MOVE up for Europe could cause a FALSE MOVE down for the US stock market and US dollar (inversion of the reasons for the slingshot move) which will load the slingshot with maximum catapulting force. Those who don't understand what I am referring to by "slingshot" need to review my recent posts upthread. So this means we might not get a crash in Bitcoin and gold at this time if they are still anti-correlated to the US dollar and US stocks. We might be looking at "happy speculating days are here again" for another 1.5 years!! OMG!! But realize that when the slingshot comes 2017ish (with the phase transition accelerated stampede beginning perhaps 2017.95 instead of peaking on that date as originally speculated), US dollar, US stocks, gold, Bitcoin, and other tangible "off the grid" assets will be aligned in an upward bubble as the rest of the world flees its collapsing economies (for reasons as explained upthread). So assuming BREXIT is denied (and the public's support of EU is affirmed), we may see for the remainder of 2016 that USD down, US stocks down, and gold and Bitcoin could go either direction. Gold might go down since it is seen as a hedge against government failure. Bitcoin could go up if people are selling gold and looking for an alternative speculation in the tinfoil hat arena. Bitcoin isn't really a hedge against government failure, rather BTC is a crypto-gambler's paradise reserve currency. But gold may also still be anti-correlated to the USD somewhat, so perhaps gold would not decline and not go up either. However it is possible that Bitcoin would go down with both gold and USD/USD stocks, if Bitcoin is seem also ideologically a bet on the failure of currency unions and governments. My thinking though is Bitcoin is a hi-tech innovation and is driven by crypto speculation demand. Perhaps what can bring Bitcoin down is the realization that SegWit doesn't solve Bitcoin's scalepocalyse. Whereas, once that FALSE MOVE into the Euro peaks and the realities of how fucked the ZIRP and pegging of currencies is, with the $10 trillion short on the USD by foreign corporation bond offerings, then the SLINGSHOT back into the USD and US stocks, which at first will confound everyone. But this will accelerate the collapse of the rest of the world as the USD rises. As this gains steam, it is possible it may pull some money out of Bitcoin, as Bitcoin may have peaked from the current up move, and speculators will want a new speculation as they see gold and USD/US stocks rising. So perhaps Bitcoin is anti-correlated to gold after all! Hmmm. But the other possibility is gold and Bitcoin both don't make a significant move on the FALSE MOVE, or they both go down or up together. My bet is as follows: 1. Gold is primarily a hedge against failure of government now, and no longer anti-correlated to USD. Tinfoil hat goldbugs have by now realized China is not our savior. 2. BREXIT fails, Euro up, Euro stocks up, USD down, USD stocks down, gold down, and Bitcoin confused. 3. SegWit realized to be insufficient, Bitcoin down hard along with gold, USD, USD stocks. Edit: Armstrong sees gold aligning with USD stocks (but very importantly still disaligned with USD) in preparation for the upcoming FALSE MOVE in 2016 followed by SLINGSHOT move in 2017. And has noted USA Dow stocks in the region of technical support. So it appears the current up move in gold, Bitcoin, and stocks will reverse with the outcome of the BREXIT vote if is a "No" result.
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No, you have a problem with misreading, what I said was that your accusation is that TPTB_need_war is a sham, but you're incorrectly using the word scam as a stand-in. Also, as far as breaking anonymity is concerned, this is a fallacy that I somewhat covered in this thread in #2: https://bitcointalk.org/index.php?topic=1430839.0BTW, Shadowcash was brazenly using this "prove it" argument until they weren't And he can't even call me a sham, until he refutes my technical arguments, which the Dashtards gave up because they realized they couldn't. And the "prove it" is scam methodology, when the masternodes are ostensibly (and mathematically obviously) monopolized by the instamine insiders who have been receiving up to 50% per annum ROI on staking their instamined coins, and even the argument that they sold into the bubble as refuted by myself with basic market theory that says the majority buy the top and the insiders control the float so they have the information to know when to sell the top and buy the bottom because they control this. We've refuted everything they say dozens and dozens of times. They just want to waste more of my time so I would be distracted from my coding. I must ignore them now. |
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In the end, it is almost irrelevent differentiating between an outcome of deflationary collapse and hyperinflation. All that really matters is the cogs stop turning. You will have to flee to another country that uses the closest thing to "honest money" possible or risk sitting around in a perpetual, unproductive ghetto for a decade or so.
The inflation / deflation "recipe" the Elite are using is more advanced than single-dimensional classical analysis. They are inflating the debt-markets (otherwise they go bust by non-refinancing / non-rollover of debt) and deflating the small guy. Large debt markets get refunded and the small guy gets a liquidity crunch or a problematic daily costs / daily income ratio (if he doesn't own any loans). Thus the small guy is like "what inflation? The dollar (or X currency) is becoming scarcer by the day - I'd do anything for (...fewer) dollars than yesterday because my bills are now bigger and the pressure is mounting". Deflating the small guy leads him to the pawn shop to sell his jewelry, leads him to ebay, to sell his stuff, leads him to the real estate agent to sell his property, etc etc. Why? Because he needs to find cash - which are becoming "scarcer", not because the government isn't issuing a lot of currency, but because the banks are slowly drying up the avg person liquidity and the costs of life are rising. It is essential for their plan to have the small guy beaten by deflation while they are inflating the debt markets by the trillions. If the small guy had "helicopter money" he would be buying precious metals, bitcoins etc. Even if 95% of the people just went on walmart and spent their helicopter money, the 5% that would choose to stack some gold, silver, bitcoins etc, would be *extremely* dangerous in destabilizing their price suppression schemes on alternative currencies. All of the above applies for western societies mainly, where people's purchasing power is immense (by global standards) and their currencies are considered "solid" - without much inflationary effect being visible (that's an illusion btw). Developing countries with inflation are a lesser threat to the elite because they also have the issue of capital controls, in the sense that the population of a developing country with high inflation, rarely has unlimited access to the forex market, or the gold market. If, say, a country with high inflation allowed their citizens to buy dollars or gold in an unlimited fashion, they would simply run out of foreign reserves to buy essentials like food, oil etc - which are traded with USD in the global commodity markets. No USD reserves = no commerce / no imports = problems. So, for reasons of "general wellbeing" it will be generally disallowed for citizens to (massively) dump their currency in favor of foreign currencies or gold. The developing countries are the "useful idiots" of the whole system as the developed countries point to them to "prove" that they have no inflation. If, say, Venezuela runs at 50%, then USA can pretend to run 0% - because no-one is challenging them in terms of running an honest currency. The western nations are also inflating in sync, so that it is imperceptible what they are doing. Even countries which do not have the need to inflate their money supply, did so. Switzerland for example. They were getting all those inflows from other countries and then they "decided" to "peg" their currency to the euro in specific ratios. In other words, issuing as many new swiss francs as were needed in order to ...buy all the inflating euros, dollars etc. The hand of the Elite is quite visible in cases like this because such moves don't make any economic sense in the context of said nation (Switzerland is not China that would be hampered by rising currency rates - in fact it would boost the perception of solidness and by extension their banking sector which is their ...core business). These moves only make sense under the macroscopic view of the global economy and in-sync / co-ordinated attempt to inflate all western nations simultaneously, in order to make devaluation imperceptible. Now, regarding the end game. There is no end game unless they decide so. What they are primarily interested in is to make a financial reset that allows them to use a similar economic system as this one, without the economic system taking the blame for the "collapse". They want to attribute the fall to outside causes. Wars, disease, terrorism, "irresponsible corporations", natural disasters - whatever they can. They do not want to make it apparent that the debt-based system was a scam and doomed from the start. They will perpetuate this for as long as it serves their purpose and for as long as they haven't found the right excuse to proceed to a reset. This is excellent. I will be copying (quoting) this two threads in the Economics forum. Edit: note I had written similar explanations several times, including this published essay (but note I didn't understand at the time of that published essay that gold is just a hedge against government and the hyperinflation is not the normal outcome, which are both facts I learned from Martin Armstrong). |
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I can not wait for that day, when these kind of senseless speculation will be debunked, and we will discover that bitcoin is stronger than many people think, and we will see an unexpected stability in the price of bitcoin.
Your post is vacuous because it makes no rebuttal or argument on the issues discussed. It is merely preaching what you want to label "senseless" because "Bitcoin is stronger" but without refuting for example the fact that SegWit doesn't solve Bitcoin's scalepocaplyse. Without mining decentralization, TPTB can turn Bitcoin into a fiat and even change the protocol to force KYC. Do you have any idea that r0ach, smooth, and myself are foremost expert developers who understand deeply these technical issues. Also our technical understanding is backed by posts from other very smart developers such as ArticMine, etc..
In the end, it is almost irrelevent differentiating between an outcome of deflationary collapse and hyperinflation. All that really matters is the cogs stop turning. You will have to flee to another country that uses the closest thing to "honest money" possible or risk sitting around in a perpetual, unproductive ghetto for a decade or so.
The inflation / deflation "recipe" the Elite are using is more advanced than single-dimensional classical analysis. They are inflating the debt-markets (otherwise they go bust by non-refinancing / non-rollover of debt) and deflating the small guy. Large debt markets get refunded and the small guy gets a liquidity crunch or a problematic daily costs / daily income ratio (if he doesn't own any loans). Thus the small guy is like "what inflation? The dollar (or X currency) is becoming scarcer by the day - I'd do anything for (...fewer) dollars than yesterday because my bills are now bigger and the pressure is mounting". Deflating the small guy leads him to the pawn shop to sell his jewelry, leads him to ebay, to sell his stuff, leads him to the real estate agent to sell his property, etc etc. Why? Because he needs to find cash - which are becoming "scarcer", not because the government isn't issuing a lot of currency, but because the banks are slowly drying up the avg person liquidity and the costs of life are rising. It is essential for their plan to have the small guy beaten by deflation while they are inflating the debt markets by the trillions. If the small guy had "helicopter money" he would be buying precious metals, bitcoins etc. Even if 95% of the people just went on walmart and spent their helicopter money, the 5% that would choose to stack some gold, silver, bitcoins etc, would be *extremely* dangerous in destabilizing their price suppression schemes on alternative currencies. All of the above applies for western societies mainly, where people's purchasing power is immense (by global standards) and their currencies are considered "solid" - without much inflationary effect being visible (that's an illusion btw). Developing countries with inflation are a lesser threat to the elite because they also have the issue of capital controls, in the sense that the population of a developing country with high inflation, rarely has unlimited access to the forex market, or the gold market. If, say, a country with high inflation allowed their citizens to buy dollars or gold in an unlimited fashion, they would simply run out of foreign reserves to buy essentials like food, oil etc - which are traded with USD in the global commodity markets. No USD reserves = no commerce / no imports = problems. So, for reasons of "general wellbeing" it will be generally disallowed for citizens to (massively) dump their currency in favor of foreign currencies or gold. The developing countries are the "useful idiots" of the whole system as the developed countries point to them to "prove" that they have no inflation. If, say, Venezuela runs at 50%, then USA can pretend to run 0% - because no-one is challenging them in terms of running an honest currency. The western nations are also inflating in sync, so that it is imperceptible what they are doing. Even countries which do not have the need to inflate their money supply, did so. Switzerland for example. They were getting all those inflows from other countries and then they "decided" to "peg" their currency to the euro in specific ratios. In other words, issuing as many new swiss francs as were needed in order to ...buy all the inflating euros, dollars etc. The hand of the Elite is quite visible in cases like this because such moves don't make any economic sense in the context of said nation (Switzerland is not China that would be hampered by rising currency rates - in fact it would boost the perception of solidness and by extension their banking sector which is their ...core business). These moves only make sense under the macroscopic view of the global economy and in-sync / co-ordinated attempt to inflate all western nations simultaneously, in order to make devaluation imperceptible. Now, regarding the end game. There is no end game unless they decide so. What they are primarily interested in is to make a financial reset that allows them to use a similar economic system as this one, without the economic system taking the blame for the "collapse". They want to attribute the fall to outside causes. Wars, disease, terrorism, "irresponsible corporations", natural disasters - whatever they can. They do not want to make it apparent that the debt-based system was a scam and doomed from the start. They will perpetuate this for as long as it serves their purpose and for as long as they haven't found the right excuse to proceed to a reset. This is excellent. I will be copying (quoting) this two threads in the Economics forum. Edit: note I had written similar explanations several times, including this published essay (but note I didn't understand at the time of that published essay that gold is just a hedge against government and the hyperinflation is not the normal outcome, which are both facts I learned from Martin Armstrong). |
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Interest rates may or may not matter to Venture Capitalists , but it does matter to individuals that can think and want a profit while keeping their principle intact.  Only an idiot would believe a checking/savings account is a safe place to keep money right now. Those so-called idiots outnumber your VCs and they are risk averse.
They will trust their cash in a mattress before BTC.
And they will determine if BTC ever reaches true Utility.
BTC has still got years of Public Relations efforts to go thru before the majority of the public trusts them.
 And the governments can clamp down on BTC at any time using capital controls on the exchanges, because if the most of the world doesn't accept BTC unless they can immediately convert it to fiat as has been explained upthread by smooth (e.g. Bitpay, etc), then BTC becomes an illiquid asset once the government issues capital controls. BTC is not immune to government action (especially G20 coordinated action) because BTC is not a widespread unit-of-account. However, BTC has apparently become the unit-of-account of crypto-gambling, but it is not yet certain if the demand for that will remain if people no longer believe they can cash out to fiat unfettered when they want to, and the risk of CC failure due to centralization is a big factor that would cause speculators to be hesitant about thinking they could HODL/gamble in BTC long-term until capital controls cease. This is my goal is to fix the centralization problem with my CC design and also I am going to make CC a very popular unit-of-account for social network payments. But first I am creating a new programming language, then I have to create the social network, and then finally the CC, so hell may freeze over before I am done.  Note I also contributed the key technical insight[1] into how to make decentralized exchange work so it can't be jammed. [1] Find my posts in this thread and note that TierNolan is one of the original inventors of the DE protocol, but it had a jamming flaw until I fixed it: https://bitcointalk.org/index.php?topic=1364951.0 |
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