I think you are being over-sensitive coinits, I've followed iamback for a while now, he may be blunt on occasion but it is mostly because he is tired of wasting his time re-explaining things over and over. I can recommend reading through his writings which are here and linked multiple times throughout these threads. While I haven't completely read them yet myself (it would takes me days possibly weeks) I think once you start you will gain an appreciation for the breadth of iambacks experience and perception.

coinits, I think Bix is jumping to conclusions, from what I've read there will be no bailout from the Austrian government- I read part of a statement from the Austrian Finance Minister. While this is a municipal default like Detroit I believe he stated that a certain amount of the debt will still be repaid, but the buck will stop with this default.
The state of Carinthia was left in a mess by previous politicians allowing these state guarantees, this default is exactly as it should be. An unjust debt being reneged on. I'm not saying that's exactly what is happening, but I do not believe this is a black swan. I believe that the losses will be contained, this time. Perhaps the ECB will extend their QE to buy up this toxic sludge like the Fed has previously done in a similar fashion.

I agree Patel. There is an awful lot of rhetoric surrounding the use of bitcoin which is not based in reality.

That is not to say that I am not an advocate. But wider adoption of bitcoin encounters problems that are common not to just technology, but human society- idealism, ignorance, greed, corruption and regulation to name just a few. IMO there is nor will there ever be a perfect system, only a web of varying degrees of freedom or control and the ever fluctuating culture of different countries and how they react or are manipulated into reacting.

No one knows. But my belief is that if Bitcoin survives it will be worth more than it is now. I truly have no idea how much that might be though.

Congrats, looks good

Interesting article on the Dutch housing market talking about the bubble:

http://www.marketoracle.co.uk/Article39921.html

Thought provoking as always iamback. Perhaps the socialism would be reduced in the US, and possibly to a lesser extent in the UK (my opinion). But the European continent has thoroughly impressed big government onto many of the Western nations, I feel that there is a chance in the event of global epidemic that socialism would probably grow, not lessen in Europe.

I really appreciate your concern iamback. I will continue to read Armstrong. I mentioned about watching his DVD, I think I need to see him cohesively presenting his research before I do anything.

When you write 'car', Don't you mean a Canta? 

Thanks Mitchell!

Hi andulolika, feel free to PM me. I don't know what clam is, but I'm always open to a decent trade. And I'm happy to hold a bar or however many you want for you.

Also yes, I have considered the lower priced housing in Den Haag and Rotterdam, they are very tempting as they are well within my budget and obviously you get a lot more for your money/debt. I believe Den Haag has the best rental yields in The Netherlands, but this is not a sole factor in my choosing to buy, but certainly something to remember.

Thanks.

Very similar to what's called 'leasehold' and 'freehold' in the UK- land owned either by a private land corporation (old money I assume) or by the government. Freehold is in the name and is largely free of any yearly costs.

Hi okthen, I have read about this yes, you pay like a ground rent to the government right?

If I buy and everything goes as badly as you expect then I'm not so sure that price will matter or that default will be high on my list of worries.

I always come back to read the fascinating discussion. There are some great conversations going on.

As I was researching Armstrong- I am neither convinced nor entirely skeptical of him at this point (I do agree with him on many things) I did come across this article (I only share it as I know that some people may be interested in the other side of the argument) I'm actually thinking of buying his latest DVD, as it could be interesting to actually see him present in-depth and make some notes and witness the unfolding of the predictions one way or another myself.

CXO Advisory on Martin Armstrong

Sorry kuus, I was just heading to bed- I've been a little under the weather this past week so it's early nights for me! PM me with all your questions and I'll answer them first thing- I spend my mornings following up emails before breakfast

Hi kuus, thanks for your interest, I will get back to you tomorrow morning when your number choice has been confirmed!

Hey Mitchell! Nice to hear from you. I nearly messaged you recently. I'll pop you a PM.

Number 55 should be no problem. Maybe we can meet face to face for the trade (and not miss each other this time!)

This is an interesting chart and an interesting historical record of housing prices in the Herengracht canal ring:

https://hotelivory.wordpress.com/2010/08/29/a-very-long-view-on-house-prices/



It's a shame that it doesn't come up to 2015, but that's quite easily to imagine.