The sad thing about the government employing tons of people is the reason that politicians do it. They made government so big so they can keep saying that the economy keeps growing. Cause if you spend tons of money to prop up the economy, by employing tons of people (and then these people owning homes, buying groceries, going to bars, etc) then the economy is going to be better then if you didn't.

Just for a moment I'm disregarding the people that are on welfare or any sort of handout.

But think about -- we as a society rely on the US to employ all of these people or we'd be fucked. Because if you cut all these jobs businesses would fail (cant go to the local pizza place if you got fired, or the local movie theater, etc) So even if you don't directly rely on the government funding (as an employee or welfare recipient -- you still rely on the government in someway.

All of this can just be explained in one word. Arbitrage. If there was a arbitrage opportunity present, say the USDT verison for Bitcoin was $1000 less then the USD verison of it. That would cause people to (very quickly) correct this. They'd make some money at first, but they'd slowly fill the gap. This is why this sort of thing may happen, but it doesn't last for long.

This is why people may say that this doesn't even happen, because bots are going to clean this up pretty quickly to make some fast cash.s

First off wanted to say that this is some great work. +Merited for all the work and stuff, I appreciate it.

I don't know if its just because I'm a bit slow and missed this info in the thread or if you pulled this from elsewhere but pretty curious on where I'm at for P&S. I'd think that I'm pretty high up there for just P&S, that's mostly where I chill in.

I guess this would help, though this does take a bit of work to ensure that all the bullshit is removed from your Google News. Just cause I'm curious, what providers of news do you leave on your google news? I was always so angry with all the bullshit that they were hitting me with, from VanityFair or Vice or whatever.

I'd be willing to give it another try, just would be nice to see who you use and then I'd continue to adjust my GN from there. Thanks SuchMoon.

I wouldn't say that the Mortgage Debt is the biggest issue at the moment, as the biggest reason for something like that increasing would be because there are more homebuyers because there are more people being born, growing up, getting through school, buying homes, etc. So a stat like that isn't helpful because it isn't 'per capita'

I've obtained some pretty helpful data though, which compares certain things about the US mortgage market from 2008 to now. The source is Experian, one of the credit reporting agencies, so they're an authority on the topic (see here - https://www.experian.com/blogs/ask-experian/how-much-americans-owe-on-their-mortgages-in-every-state/)

The biggest takeaway from this info is that delinquency rates are pretty stablen right now,and NOWHERE NEAR the 2.4 percent delinquency of the 2008 mortgage crisis. Even as of the last couple years, less and less people are delinquent on paying for their mortgage.

Accurate on whos side? The reporters from the West who are going to talk about it in a negative way (which it should be reported as, because the situation is bad)

The Venezuelans are probably saying that everything is okay and that nothing could be better right about now (which yet again, couldn't be farther from the truth) The situation in Venezuela is bad, and it's bad because of their government. This is what socialism and communism does to a country.

I mean while I'd love to just sit here and shit on Soros for being a dick, neither one of us can sit here and say that it's only Soros and the globalists are doing this. Both sides are going this, it's warfare by proxy and it's working to cause issues in the country. Even if the goals of the protestors are never enacted, just causing issues for the country at hand is all these people want to do.

There's always money in chaos.

Global economy is pretty solid right now though, that's the one thing that kinda puts this whole thing away.

Good to hear, this could've gotten pretty bad pretty quickly if one disgruntled member of the 2nd A group got angry and started to take things out on people. Which wouldn't be good for either side. It also would've sucked if there was some undercover ANTIFA trying to make the 2nd A people look bad.

But this is exactly what a protest should be, and this should make some of the members of the Virgina legislature (and Governor) think twice about the laws that they're going to be changing.

ALSO: If it doesn't change the thoughts of the legislature and the Governor, then Republicans have to ride this wave of support into the next election. They have to put out ads saying this is what happens when you let dems control the legislature. It's a winning narrative, you just have to stick with it.

This isn't a real thing, the Chinese new year has no effect on the crypto market or anything along those lines. None of these things have any sort of effect on the market -- the Wall Street bonuses don't do anything, nor do some random holiday in the middle of Indonesia, nor does some random law passed in some no name country.

The only thing you could convince me of effecting the crypto price (and the stock market price) would be the end of year tax loss harvesting in Crypto (and in traditional stocks)

But in reality this doesn't mean anything, Crypto goes up and crypto goes down, just like the stock market. People just write news on 'why' after the fact which is typically bullshit and made up.

Oh isn't that crazy, a guy who owns a lot of Bitcoin thinks that the price of bitcoin is going to go up? Oh, also his clients own a lot of bitcoin so it makes the most sense for them to want this coin to keep moving up.

This is like asking someone who owns a lot of a particular stock, if they think their stock is going to go up. Obviously they're going to say yes, that's what they own it. They can try to back it up with whatever kind of bullshit they want, but it doesn't do anything.

All of this can go up down or sideways, we don't know what way it's going to go and if someone did know the future they'd be all in at this point (or waiting for the time to strike)

Where'd you get the info on the world being in a recession for years now? If you're talking about our debt, and things like that that's one thing, but the economy is growing and isn't in a recession right now.

Recession (Defined by Google) - a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.

People are always going to be talking about another recession when one happens. We've heard that another recession is coming for every year since 2008, and we're now in 2020 and there are no signs of a recession. The only talking points among people who think one is coming point to the China Trade Deal, other trade deal issues, etc.

Literally for the past 12 years, people have been hitting the alarm bells and saying that the RECESSION IS COMING and how you should pull your money out of your investments and such, people don't understand that in the traditional investments of stocks and bonds and all that you're going to be unable to time the market. Though I must say, a lot of this comes from my interest in traditional banking as well, so yeah.

But I do think that Crypto is going to be a force, but it's going to have to make itself EASY for people. The fiat on ramps have to be easy to work with, people have to have wallets that aren't hard to use, there has to be a USECASE for them, and things along those lines. We can't all just be speculating on Crypto going up, that doesn't help anyone and it doesn't improve adoption.

Just to ask here, are you talking about physical gold or digital gold (backed by physical gold)

If physical gold --> https://www.buybitcoinworldwide.com/buy-gold/bitcoin/ -- Pretty solid list of companies that accept BTC (and other cryptos) for precious metals purchases.

If digital gold --> I'd proceed with caution, though PAX GOLD does seem like one of the more legitimate players in the market.

Username: squatz1
Post Count: 3536
BTC Address (must be SegWit):bc1qes5hwgyc85xll85lk7jym7vl4r26xtlty5zl82

LETS GET THE PARTY STARTED BOYS AND GALS! Thanks for the chance and goodluck to everyone here, this is going to be interesting.

I'm pretty active in the P&S section, though I'm going into other sections more and more now. Merit source in that section.

If you don't mind me asking, how much money do you have under management right about now? Is that something you'd be at liberty to answer?

Anyway you can provide your first trades from 6 months ago so we can audit the 8 percent a month claim. I'd love to see all of this, and you'd be able to show that you're legitimate -- which at the moment this looks pretty bad.

I mean when it comes to the 10 businesses using it, they're going to be paying things like sales tax, corporate tax, payroll taxes, etc. I'm assuming the only things the state allows them to pay in bitcoin is going to be (if there is corporate tax in the state of Ohio, then corporate tax) and state sales tax. The rest wouldn't work.

Sales tax is pretty simple -- cause all you're doing is remitting the money that you collected from purchases on a daily basis.

Corporate Tax is where you COULD (not legally) fudge the numbers.

Will it reduce the friction? Yes, that's without a doubt tree for the small amount of companies that deal in crypto. Is it worth it for the government to spend these resources? I don't think so, as people are going to have to pay these taxes either way.

I'd love to see it happen, I just don't see the pros for the other side.

While it does make sense in our mind to spend some resources on it. I still don't understand this from a government point of view. What do they gain from it? People are going to be paying their taxes either way, they don't have a choice, it's not like they're opening a new market or gaining new consumers of a product -- they tax people regardless of if they use bitcoin or not.

It sounds great in principle to all of this, but it's really a good deal of wasting resources and stuff when it comes down to the fact that people are going to be paying either way and have the ability to pay from a bank account / debit card / credit card (maybe in some areas)

While this is something that could've been true. I highly doubt that Trump would've been able to convince military generals to go alongside this if they thought it was just a political hit. Soleimani was someone who killed Americans, and was most likely planning the death of many more Americans. Pretty sure this is what was going on.

Trump had caught wind of all of this after Iran had killed a US contractor.

While yes, at the end of the day Trump gets a political win from this. But first and foremost this is a military and strategic win.

I'm just doing to come in and join all of the YoBit spammers in shitting all over this.

You're not making 9 percent a month, something like that would be unsustainable. If you were able to make this sort of money, consistentley and without a good deal of risk you wouldn't be sharing it with other people. This is either an investment bot that you got lucky with a few times and now you think it's your golden goose, or you're just starting a literal ponzi scheme.

Just to further on this, if you were able to make 9 percent a month that would be annualized to about 151 percent per year. Yet again I stress that you'd be managing the money of the billionaires if this was legitimate (which it isn't) This is bullshit, and you're a scammer.

Reported. Please don't fall for this folks.

See that is the reason that a good deal of us got into Crypto, because we hated the antiquated system. We hated the fact that the governments control monetary policy and that they use it to overspend and put us into a large amount of debt. They work alongside the bankers to make them money, but they never care about the little guy. All the care about is getting reelected, and all you have to do for that is to either spend more to stimulate the economy or to cut taxes. (Typically, they don't cut taxes)

But the thing about the government giving up this is control is that I don't think it's going to happen as easily as we all talk about it. I've been in the space for a few years now, and people say the same thing about crypto taking over the monetary policy of the government and that it's going to happen every day now.

Right now we have to focus on building, making crypto easier for the people and making the fiat on ramps easier for the people. It shouldn't be so hard to get into crypto, and once you have it it shouldn't just be a speculative asset -- it should be something you should be able to use all the time. I can think of tons of merchants who would be ready to use it (if people did use Bitcoin) because a fee of less then 2 percent to convert it back to USD is much better then dealing with the credit card 2 percent fee, then another merchant fee, then chargebacks, etc.

Crypto can really be something. But we shouldn't start with "TAKING OVER THE GOVERNMENTS MONETARY POLICY" start with everyday transactions, remittances, and so on.

The only solution to your problem would be to talk to Theymos about getting that removed in this section. I'm going to keep using it. Still don't understand the resistance to it to be honest.

State of emergenices (declared by the Governor) most likely allow him to ban firearms from state grounds.
But in regards to gun controls, the legislature can pass whatever they want and then lawsuits would most likely happen to see if the law is constitutional or not. Though the SC leans towards certain parts of gun control being legal.