Thanks for selling gold and buying BTC. that's exactly the opposite I want to do. I'm continue selling BTCs while mining them. Sometime next month or so I'll have my rig investment paid off (hopefully). Then I'll continue to sell the additional earned BTCs I mine to buy gold  would you like to trade BTC for gold with me? i have a few ounces left. where do you live? seriously.... PM me. |
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985,788 is the total FRN's in circulation.
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thats the actual cash/currency floating around the world.
And the rest is deposits, so the amount of notes is $2,885,778,000,000? To the nearest million. Almost 3 trillion federal reserve dollars. But there is also the legacy (Shall I call them?) dollars still around, no? US Money supply is shown to be about 9 trillion dollars. Apparently that's the full figue (M2). NO. the deposits are cash held in the accts of the banks, aka, excess reserves as in the graph i put up. this is bailout money GIVEN to the banks in exchange for all the crap loans they lent out pre 2007 that went bad. instead of forcing them to eat it and go BK to clean out these bad actors, Berspankme said NO, "my buddies can't be allowed to go BK". we'll just dump this shit onto the American taxpayer. |
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and to add salt to the wound, f*ck wad Berspankme is paying interest on these excess reserves out of our pockets so the banks are assured a return. this encourages even less lending! these are all NEVER SEEN BEFORE maneuvers to guarantee bank bonuses and looting. |
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nice, i never thought of it this way even tho i knew this fact. now i learn something from you.
Good to know I brought some ideas to you. Before this thread I did already know the federal reserve bought out government bonds with new money and such. It's just the details really and some comments confused me but mainly as a misunderstanding. For example it appeared to me at first people where suggesting the federal reserves profits were given out to private owners but this was only a misunderstanding I think. On here -> http://www.federalreserve.gov/releases/h41/current/h41.htmIt says "Federal Reserve notes outstanding". What does that mean? Is this notes yet to be produced or something? thats the actual cash/currency floating around the world. |
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You are a typical prototype victim of state propaganda that randomly assigns the label 'fanatic' on a lot of people in order to be sanctioned by the greater public to invade their countries. And now, once you've adopted that label, you are applying it to your own countrymen, serving again not your own interests, but that of the same people that blinded you in the first place.
how do you know he's a victim? for all i know, he's a bankster/perpetrator. we've got those guys crawling around here trolling routinely now, IMO. |
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at one time i had a stash stored at Credit Suisse in Switzerland but got spooked about them during the banking crisis of 2008 before bringing it home. i also considered storing it in a safety deposit box at my local bank but was advised that if the banking system went insolvent they could repossess it.
You feared that the bank will steal your money because their business is bad? Wow, Bitcoin really is for you. It's happened in the past. What would prevent it in the future? i know of wealthy ppl who back in the depths of 2008 were yanking $50K out of their bank accts everyday and storing it under their pillows. David Einhorn of Greenlight Capital has pallets of gold stored in a private vault b/c he doesn't trust anyone else to hold it. Eric Sprott of Sprott Asset Management holds his gold and silver in a private vault. He is close to one the largest private holders of PM's in the world. Have you heard of Bank Holidays? thats when you can't get your money out when you most need it. Have you heard of hedge funds locking down their clients accts b/c it would be too disruptive to let you have your own money in times of crisis. why did the FDIC take their individual acct limit guarantees to unlimited even tho they didn't have the money to insure all depositors back in 2008? most gold investors DO NOT leave their gold at the banks. You're right, Bitcoin is for me! |
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Firstly it says the federal reserve has earned money. There is no "earn" involved at all. It says the federal reserve has made money for the US treasury. The federal reserve makes most money from the Us treasury in the first place, no? The printed money is not considered an asset. It plays no role in profits down on paper. The interest on the bonds are considered profit. The treasury pays interest on the bonds... just to get it back later after paying off the running costs of federal reserve (Including nice salaries I bet)?
nice, i never thought of it this way even tho i knew this fact. now i learn something from you. if you back out 30000 ft and take an overall look, how can the Fed "earn" money to pay interest? its impossible! they just sit at their desks and move money around, nothing productive. the interest they return to the US Treasury is pittance anyway and more symbolic. US taxpayers, OTOH, have to use their sweat equity to pay off the massive debt owed to the banksters. if you need more evidence, look at Greece. the banksters sharks are demanding the sale of islands like Santorini to keep their game going even tho US and Greek citizens bailed their asses out of the mess they created in 2008. its sickening. |
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It's much easier for bankers and con artists and agents to argue with a lone person or two on a forum, but try arguing with a half dozen articles that all say the same thing from a half dozen different perspectives, from a range of years, gathered from across the internet. Likewise, it's much easier for credulous fanatics to cite half a dozen articles from conspiracy-theorist web sites than to argue against hundreds of articles, books, speeches, etc. saying something else from hundreds of different perspectives, over a range of decades, gathered from real life. And it's much more comforting to tell yourself everyone who disagrees with you is uneducated, trolling, or an enemy agent than to face the possibility that you're wrong. 2 major stock crashes, one huge ongoing housing crash, gold and silver surging and being the #1 investment during the last 11 yrs suggests that he's on to something. oh i forgot to mention the wealth disparity being the highest since 1929. you know what happened after that... |
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Gold has a lousy security track record. It's supposed to be crisis-proof but during wars and economic collapses gold usually gets looted, confiscated, burgled, extorted, lost, and left behind on a massive scale.
What matters is that people perceive gold as secure though, even though in practice it isn't.
and you can't HIDE it. lugging all those bags of silver back to the coin dealer almost broke my back. |
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at one time i had a stash stored at Credit Suisse in Switzerland but got spooked about them during the banking crisis of 2008 before bringing it home. i also considered storing it in a safety deposit box at my local bank but was advised that if the banking system went insolvent they could repossess it.
You feared that the bank will steal your money because their business is bad? Wow, Bitcoin really is for you. what, banks steal? what am i thinking? |
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What if your computer containing your wallet gets stolen?
USB sticks are more portable than gold  so is the block chain. |
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I really dont see BTC being around in 5,000-10,000-25,000-2 million years. Do you?
Gold will be laying ,or being worn, somewhere.
Now that's long term investing short term, long term, it doesn't matter for NO_SLAVE. its all BAD. |
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you can get a custom LP cut (the actual machinery is fairly expensive) by a service, for about 50 USD.
how many private keys can you get on one?  i dunno. it would depend on how much redundancy you felt was adequate. an LP holds as much music as a CD though - right? so a few hundred meg, less the data cost of analog>digital translation. maybe you ought to start a btc storage service |
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you can get a custom LP cut (the actual machinery is fairly expensive) by a service, for about 50 USD.
how many private keys can you get on one? |
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when leaving on vacations with my family like we will be doing for a week this coming Friday, i would always worry in the back of my mind that my house might get burglarized.
Well, now you'll be checking Mt.Gox every 5 minutes to see if Satoshi decided to dump all his coins at once. Good luck.  as in now i check the Comex? |
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when leaving on vacations with my family like we will be doing for a week this coming Friday, i would always worry in the back of my mind that my house might get burglarized.
Well, now you'll be checking Mt.Gox every 5 minutes to see if Satoshi decided to dump all his coins at once. Good luck. granted i'm a speculator. i've had a multi-fold return on the PM's and i just happen to think they're topping. could be wrong. but btc fits my criteria for a stable, usable, modern era currency that has lots of room to grow. the merchant growth is exciting and those 2 Android apps that just came out have convinced me to sell the last remaining stores of my bullion. the offline wallet though has REALLY relieved alot of the anxiety over btc security. i'm not worried about the price of btc as i think the price is just getting started... |
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