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1222
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Economy / Marketplace / Re: Any sites accept BitCoins for bullion GOLD/SILVER coins?
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on: March 15, 2012, 08:31:09 PM
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I have 1000 BTC Casascius Bitcoin gold rounds for $200 over spot. 1oz. Would offer a quantity discount. You can order without the hologram if you just want the gold round, or with the 1000 BTC and hologram which makes it a real physical bitcoin (you of course must provide the 1000 BTC). Photo as it will appear in Bitcoin Magazine:  That is pimp.. |
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1225
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Economy / Speculation / Re: Gold collapsing. Bitcoin up.
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on: March 15, 2012, 01:09:59 AM
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...
it'll be an all-one-market effect with USD up and everything else down. the Fed won't be able to print fast enough and the printing that they do comes with some trepidation b/c if they destroy the USD, their only tool, they then self destruct.
I strongly suspect that TPTB are fully aware of, and largely in control of, the demise of the USD. Far from 'self destruction', I suspect that it will be a great leap forward for them. If _I_ were doing the engineering, I would formulate things such that a bulk of the population were in need of the support of the government for survival. Like having government issued and government re-charged debit cards for buying food, paying bills, obtaining health care, etc. In this way the population is dis-incentivezed toward picking up guns or stirring up trouble on twitter, and will likely be antagonistic to those who reject the new monetary solution as such people (i.e., us Bitcoin users and those of us who might hold PM's) would be a legitimate threat to their survival. As an added benefit of such a scheme, inflation could be tuned by putting card holders into debt. Indebtedness is especially effective in keeping people working for limited pay so that is another feature of such a scheme.  are you by chance selling tinfoil hats?? No particular value in that widget...it's pretty easy for the interested consumer to make his own. To imagine that the people who manage our monetary and political systems are clueless mouth breathers might be fun, but is probably vastly incorrect. It could be the case, and it could be that something as complex as the federal reserve, BIS, and various departments of state all operate in some mindless random fashion, but it seems unlikely to me. And I see increasingly less evidence that such entities operate with the well being of the general public as their primary goal. I make my investment decisions and formulate my 'tinfoil hat' theories accordingly. I think most of the powers that be have the common good at heart (they will of course look out for #1). Maybe I'm naive. But its a big commplicated mess that I don't think anyone really understands completely, and even things that are done with the best of intentions can turn out bad for the 99%. Its more of a cluster F, then a actively guided means to screw the 99%.. |
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1227
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Economy / Speculation / Re: Gold collapsing. Bitcoin up.
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on: March 14, 2012, 11:05:26 PM
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Sure thing. I suppose it very much depends on whether one thinks on how he will continue with his ongoing hand to mouth existence or what kind of pension he will have X years down the road.
Yup, gotta have hand to mouth before you can figure out 20 years down the road . But stacking gold isn't going to bite you in the ass in 20 years, I guarantee it |
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1228
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Economy / Speculation / Re: Gold collapsing. Bitcoin up.
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on: March 14, 2012, 10:57:16 PM
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lol, this reminds me of this cartoon.  Definition of Inflation: higher prices: an increase in the supply of currency or credit relative to the availability of goods and services, resulting in higher prices and a decrease in the purchasing power of money. I go by goods and services that the 99% uses/needs. If thats wrong then so be it, but thats how I define inflation/deflation. If you want to define it by real estate and equities, so be it , thats not how I do it. |
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1229
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Economy / Speculation / Re: Did I do it right this Time, Analysis
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on: March 14, 2012, 10:47:26 PM
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whats the news please
Someone invented the First bitcoin You're Mama joke "You're Mama is so stupid, she thought he had to sell her bitcoin on mtgox to get money to pay for a bitcoin t-shirt" LOL |
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1230
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Economy / Speculation / Re: Gold collapsing. Bitcoin up.
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on: March 14, 2012, 10:25:01 PM
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Yeah, because no one needs to eat or drive..
So its your contention that the price of gas and food didn't inflate in Japan over any multi year time period you want to specify??
Its your contention that the CPI by not including gas and food is a "real" measure of inflation?
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1232
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Economy / Speculation / Re: Gold collapsing. Bitcoin up.
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on: March 14, 2012, 10:05:28 PM
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lol, that's what they want you to think.
Ok, *shrug*. Don't believe the way it really is.. There will be NO deflation. I am wondering why Japanese were not able to "just buy things" using your model, for like decades now. They must be stupid or something. Or maybe there is some kind of magic bullet that is available to the fed but was never available to Japan's central bank. wtf??? Japan didn't have any deflation! |
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1233
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Economy / Speculation / Re: Gold collapsing. Bitcoin up.
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on: March 14, 2012, 09:56:40 PM
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...
it'll be an all-one-market effect with USD up and everything else down. the Fed won't be able to print fast enough and the printing that they do comes with some trepidation b/c if they destroy the USD, their only tool, they then self destruct.
I strongly suspect that TPTB are fully aware of, and largely in control of, the demise of the USD. Far from 'self destruction', I suspect that it will be a great leap forward for them. If _I_ were doing the engineering, I would formulate things such that a bulk of the population were in need of the support of the government for survival. Like having government issued and government re-charged debit cards for buying food, paying bills, obtaining health care, etc. In this way the population is dis-incentivezed toward picking up guns or stirring up trouble on twitter, and will likely be antagonistic to those who reject the new monetary solution as such people (i.e., us Bitcoin users and those of us who might hold PM's) would be a legitimate threat to their survival. As an added benefit of such a scheme, inflation could be tuned by putting card holders into debt. Indebtedness is especially effective in keeping people working for limited pay so that is another feature of such a scheme. are you by chance selling tinfoil hats?? |
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1234
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Economy / Speculation / Re: Gold collapsing. Bitcoin up.
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on: March 14, 2012, 09:48:16 PM
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lol, that's what they want you to think.
Who will they buy this stuff from once they bought all of it already?
lol if they try to buy all the stuff they will drive the prices sky high, hyper inflation.. They only have to buy enuf to keep deflation from occuring, its not that much. |
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1236
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Economy / Speculation / Re: Gold collapsing. Bitcoin up.
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on: March 14, 2012, 09:41:24 PM
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I don't see it. The Fed can print at any rate they want.
I do not think it is the case. It is debt money. They only can print when someone borrows. However we have fractional reserve, that is already insane. It is simply a question of what's happening quicker new borrowing or defaults. The way the Fed creates money is to buy stuff.. They make the money out of thin air and buy stuff... If they want to put more money into the system, they can just start buying houses, cars, mortgage backed securities, planes, land, T-bills whatever.. Most of the money the fed creates goes to buy T-bills, so the Treasury/Fed Goverment gets first use of the "new" money, at the old rates, then the new money trickles into the system creating inflation.. But if the Fed wants to inject tons of money into the system, they can, at any time, in a variety of ways.. |
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1237
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Economy / Speculation / Re: Gold collapsing. Bitcoin up.
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on: March 14, 2012, 09:34:47 PM
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There is data out there that QE's have diminishing effect. The game is up and deflation is upon us. All assets but cash will fall in this scenario, gold and stocks and in most countries housing are the first to the block.
My goodness, a Bitcoin bearish Vladimir?  i think Bitcoin surprises everyone. look at the last few days since gold has been plummeting. Bitcoin UP. I wouldn't call a drop from 1775 to 1630 a plummet, but it has went down |
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1238
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Economy / Speculation / Re: Gold collapsing. Bitcoin up.
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on: March 14, 2012, 09:28:14 PM
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finally. someone who understands.
it'll be an all-one-market effect with USD up and everything else down. the Fed won't be able to print fast enough and the printing that they do comes with some trepidation b/c if they destroy the USD, their only tool, they then self destruct.
you obviously don't account, in your forecast, for 200+ million of desperate and hungry people flooding the streets... and each one of them handling a gun... this is not a soviet union of 1930s - they wont be starving quietly. Unlikely we'll go hungry, we have plenty of overcapacity of food production in the US. In countries that import food, inflation of food prices could cause armed rebellion. |
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1239
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Economy / Speculation / Re: Gold collapsing. Bitcoin up.
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on: March 14, 2012, 09:26:02 PM
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I agree with you that a deflationary event is coming. But do you think central banks won't react ?
the deflation will overwhelm them. I am with cypherdoc on this one. To compensate defaults (deflation) they are continuing to reduce bank's reserve requirements. It is effectively 0 or even negative already. The more they reduce reserve requirements the more difficult it is to fight deflation. Given that so many banks and now governments, particularly in Europe, are de facto insolvent right now, while PIIGSominoes keep falling right on schedule, this is unsustainable. There is data out there that QE's have diminishing effect. The game is up and deflation is upon us. All assets but cash will fall in this scenario, gold and stocks and in most countries housing are the first to the block. finally. someone who understands. it'll be an all-one-market effect with USD up and everything else down. the Fed won't be able to print fast enough and the printing that they do comes with some trepidation b/c if they destroy the USD, their only tool, they then self destruct. I don't see it. The Fed can print at any rate they want. |
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1240
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Economy / Speculation / Re: Gold collapsing. Bitcoin up.
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on: March 14, 2012, 08:24:14 PM
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Analyze it however you want, we are not about to experience a massive deflation in the US. They will start sending checks to everyone first.. They've done it before....
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