Martin Armstrong Discussion

[OROBTC]

What is a Human body without a Soul -   likely something artificial / impostor / fake

With USD$ as fiat as it may be....is represents United States of America and its Economy / its Government
Sames with all other paper Currencies...they represent something.

Metals even have some industrial value

What exactly does BITCOIN REPRESENT or WHO or WHAT?



I'm asking - because I still can't understand what or who BITCOIN represents.   I only speculate that during this BITCOIN RUSH..and someone  or some state is accumulating metals or other objects of real value to later use and back up BITCOIN....

Sorry for my crazy inquiry.

Not crazy at all.  FWIW, here is my response, quite imperfect and simplified:

Every piece of Bitcoin "owned" represents that you have paid for a piece of (more accurately: it's on the decentralized ledger Blockchain) of ENERGY and WORK having been done -- solving a math problem.  BTC is worth something because many, many people are OK with it as a somewhat Store of Value and Medium of Exchange (thus fulfilling to one degree or other TWO of the three most famous properties of "money" [the other being Unit of Account]), you can buy gold on the Internet with Bitcoin.  I have done it several times.

All the cryptocurrencies more or less share the above characteristics.

I own BTC and precious metals (mostly gold, a fair amount of platinum and tiny amounts of silver & palladium).  More $-value of what I hold is in the metals vs. BTC.

As BTC price has been rocketing upwards, I have been SELLING BTC and buying gold.  When BTC is over 1.00% of my net, I sell some for gold.

[criptix]

What is a Human body without a Soul -   likely something artificial / impostor / fake

With USD$ as fiat as it may be....is represents United States of America and its Economy / its Government
Sames with all other paper Currencies...they represent something.

Metals even have some industrial value

What exactly does BITCOIN REPRESENT or WHO or WHAT?



I'm asking - because I still can't understand what or who BITCOIN represents.   I only speculate that during this BITCOIN RUSH..and someone  or some state is accumulating metals or other objects of real value to later use and back up BITCOIN....

Sorry for my crazy inquiry.

Not crazy at all.  FWIW, here is my response, quite imperfect and simplified:

Every piece of Bitcoin "owned" represents that you have paid for a piece of (more accurately: it's on the decentralized ledger Blockchain) of ENERGY and WORK having been done -- solving a math problem.  BTC is worth something because many, many people are OK with it as a somewhat Store of Value and Medium of Exchange (thus fulfilling to one degree or other TWO of the three most famous properties of "money" [the other being Unit of Account]), you can buy gold on the Internet with Bitcoin.  I have done it several times.

All the cryptocurrencies more or less share the above characteristics.

I own BTC and precious metals (mostly gold, a fair amount of platinum and tiny amounts of silver & palladium).  More $-value of what I hold is in the metals vs. BTC.

As BTC price has been rocketing upwards, I have been SELLING BTC and buying gold.  When BTC is over 1.00% of my net, I sell some for gold.

y2y bitcoin went over x20 - you might want to change your investment strategy on a commodity like bitcoin with such a huge upside.

[realr0ach]

Why the Anonymint "knowledge age" is a complete fallacy and we will 100% have another dark ages:

What gets me is we all know automation is coming, but so few people put any effort at all into figuring out how it works and how they could improve their jobs and wages with it.

None of you have addressed the real talking points behind the issue.  The real points to be addressed are:

1)  Declining returns of increased complexity and specialization

2)  The fact the human brain is not elastic and can't just adapt to infinite complexity

One can make the argument that high complexity exerted onto the finite system of the human brain is just a synonym for the word "stress".  This is why lots of mathematicians go insane.  Some brains are better able to handle complexity than others, but there's a relative hard limit here, and the entire population cannot and will not just shift into permanent, exponential complexity.  It would take a minimum of something like a hundred thousand to a million years to evolve into it, if even possible due to physical structural limits (extrapolated from the cognitive difference in Europeans and Africans and the 50,000-100,000 years of genetic isolation between the two).

The other issue is that there are no returns to be had by increasing complexity.  For example, the Joseph Tainter comparison about the US defense budget, where it requires x% of the budget to create an airplane one year, with that percentage increasing every single year until it requires leveraging the knowledge and capital of the entire population to create one airplane.  There's just no benefit to be had.  All you do by increasing complexity past a certain point is overspecializing where if a shortage pops up in one sector to keep the machine running, the entire civilization collapses into a dark ages.  This is probably why cyclical dark ages are inevitable, to correct overspecialization.

The day you try to force everyone to "become a programmer or designer", you will have another dark ages the day afterwards.

Or to put it more simply, when you walk through your house past the various instruments now required by humans in day to day life such as a refrigerator, do you have any idea how to build one yourself from scratch?  The answer is no.  Well, I'm sure Anonymint is going to lie to me and claim he can build a Kenmore refrigerator from scratch out of various objects he can find on the beach of the Philippines, but that's besides the point.  The point is, humans are likely far more specialized than they should be when you have entire towns and cities of huge populations where not a single person can build a computer, refrigerator, or even a steam engine themselves, unlike in the 1700's to early 1900's where people could still build or fix most objects in the house.

[sidhujag]

Why the Anonymint "knowledge age" is a complete fallacy and we will 100% have another dark ages:

What gets me is we all know automation is coming, but so few people put any effort at all into figuring out how it works and how they could improve their jobs and wages with it.

None of you have addressed the real talking points behind the issue.  The real points to be addressed are:

1)  Declining returns of increased complexity and specialization

2)  The fact the human brain is not elastic and can't just adapt to infinite complexity

One can make the argument that high complexity exerted onto the finite system of the human brain is just a synonym for the word "stress".  This is why lots of mathematicians go insane.  Some brains are better able to handle complexity than others, but there's a relative hard limit here, and the entire population cannot and will not just shift into permanent, exponential complexity.  It would take a minimum of something like a hundred thousand to a million years to evolve into it, if even possible due to physical structural limits (extrapolated from the cognitive difference in Europeans and Africans and the 50,000-100,000 years of genetic isolation between the two).

The other issue is that there are no returns to be had by increasing complexity.  For example, the Joseph Tainter comparison about the US defense budget, where it requires x% of the budget to create an airplane one year, with that percentage increasing every single year until it requires leveraging the knowledge and capital of the entire population to create one airplane.  There's just no benefit to be had.  All you do by increasing complexity past a certain point is overspecializing where if a shortage pops up in one sector to keep the machine running, the entire civilization collapses into a dark ages.  This is probably why cyclical dark ages are inevitable, to correct overspecialization.

The day you try to force everyone to "become a programmer or designer", you will have another dark ages the day afterwards.

Or to put it more simply, when you walk through your house past the various instruments now required by humans in day to day life such as a refrigerator, do you have any idea how to build one yourself from scratch?  The answer is no.  Well, I'm sure Anonymint is going to lie to me and claim he can build a Kenmore refrigerator from scratch out of various objects he can find on the beach of the Philippines, but that's besides the point.  The point is, humans are likely far more specialized than they should be when you have entire towns and cities of huge populations where not a single person can build a computer, refrigerator, or even a steam engine themselves, unlike in the 1700's to early 1900's where people could still build or fix most objects in the house themselves.

Markets are organic. They suffer when there is a lack of innovation. Dot com led us to the technological revolution and blockchain will lead us down the next one. We may come down for a year or two as the blockchain industry matures but its looking pretty bright. I would say chances of a long term dark age are slim to none..

[realr0ach]

Why the Anonymint "knowledge age" is a complete fallacy and we will 100% have another dark ages:

What gets me is we all know automation is coming, but so few people put any effort at all into figuring out how it works and how they could improve their jobs and wages with it.

None of you have addressed the real talking points behind the issue.  The real points to be addressed are:

1)  Declining returns of increased complexity and specialization

2)  The fact the human brain is not elastic and can't just adapt to infinite complexity

One can make the argument that high complexity exerted onto the finite system of the human brain is just a synonym for the word "stress".  This is why lots of mathematicians go insane.  Some brains are better able to handle complexity than others, but there's a relative hard limit here, and the entire population cannot and will not just shift into permanent, exponential complexity.  It would take a minimum of something like a hundred thousand to a million years to evolve into it, if even possible due to physical structural limits (extrapolated from the cognitive difference in Europeans and Africans and the 50,000-100,000 years of genetic isolation between the two).

The other issue is that there are no returns to be had by increasing complexity.  For example, the Joseph Tainter comparison about the US defense budget, where it requires x% of the budget to create an airplane one year, with that percentage increasing every single year until it requires leveraging the knowledge and capital of the entire population to create one airplane.  There's just no benefit to be had.  All you do by increasing complexity past a certain point is overspecializing where if a shortage pops up in one sector to keep the machine running, the entire civilization collapses into a dark ages.  This is probably why cyclical dark ages are inevitable, to correct overspecialization.

The day you try to force everyone to "become a programmer or designer", you will have another dark ages the day afterwards.

Or to put it more simply, when you walk through your house past the various instruments now required by humans in day to day life such as a refrigerator, do you have any idea how to build one yourself from scratch?  The answer is no.  Well, I'm sure Anonymint is going to lie to me and claim he can build a Kenmore refrigerator from scratch out of various objects he can find on the beach of the Philippines, but that's besides the point.  The point is, humans are likely far more specialized than they should be when you have entire towns and cities of huge populations where not a single person can build a computer, refrigerator, or even a steam engine themselves, unlike in the 1700's to early 1900's where people could still build or fix most objects in the house themselves.

Markets are organic. They suffer when there is a lack of innovation. Dot com led us to the technological revolution and blockchain will lead us down the next one. We may come down for a year or two as the blockchain industry matures but its looking pretty bright. I would say chances of a long term dark age are slim to none..

Anonymint is going to reply with his pre-scripted text of "oh, the US will implode but asians will all turn into supermen and rule the world".  These asian nations like China and India are already ecological disasters due to population issues, and would become even more so with higher standard of living, so there's not going to be any prosperity arbitrage and things just continue on as usual.  I mean sure, China could invade Africa and exterminate everyone then use that land for their farming and dumping grounds to prevent themselves from going under, but it's kind of far-fetched current day.

[CornCube]

Why the Anonymint "knowledge age" is a complete fallacy and we will 100% have another dark ages:

[…]

Or to put it more simply, when you walk through your house past the various instruments now required by humans in day to day life such as a refrigerator, do you have any idea how to build one yourself from scratch?  The answer is no.  Well, I'm sure Anonymint is going to lie to me and claim he can build a Kenmore refrigerator from scratch out of various objects he can find on the beach of the Philippines, but that's besides the point.  The point is, humans are likely far more specialized than they should be when you have entire towns and cities of huge populations where not a single person can build a computer, refrigerator, or even a steam engine themselves, unlike in the 1700's to early 1900's where people could still build or fix most objects in the house.

Actually with 3D printing yeah soon I will be able to commission a new one by clicking a button and my trusty robot will even do all the work. (3D printing of metal is advancing)

Even if we want mass production, we can save the entire process and design of a factory in a digital file and robots can reconstruct the thing with the press of a button. Starting from 3D printing to build up molds and such.

Until you stop arguing against the inexorable trend to maximum division-of-labor you will forever fail. Because the universal trend to maximum entropy (fundamental Second Law of Thermodynamics) requires the inexorable trend.

I’m not trying to chest thump. But really man you’re too smart to continue to get this wrong.

Bitcoin was released right at a time where the bankers knew debt based fiat was going into cascading deflationary collapse since in this fraudulent system debts are considered assets instead of liabilities.  This is why the evil Jew sheklers running the system starting spamming the phrase "helicopter money" and "basic income" as an actual serious proposed solution.  The system either collapses in deflation, or they print and....it collapses anyway, just a few days later from hyperinflation.

If used as a dollar substitute, bitcoin for all intents and purposes IS helicopter money (bitcoin currently is a dollar derivative and not substitute).  So they probably released this bullshit as part of that plan.  It's just that the market was completely cornered due to ASIC manufacturers right after it was released, making distribution terrible, rendering the entire exercise pointless and not "helicopter money" anymore since the so called money only goes to a couple people.  It appears they continued with their pointless plan anyway and tried to raise the bitcoin price.  After this move completely fails to raise money velocity or do anything for the economy, there will be some type of implosion and they will do real helicopter money or basic income into people's bank accounts.

You were doing well on the part about the Zionists creating it on purpose, but you went tinfoil hat retard when you presume they did not anticipate the future effect of ASIC mining. Even Satoshi was anticipating ASICs and centralization. They created Bitcoin because they control it. It is a better reserve currency to replace the dollar, which they can control. It was the efficient way to get a NWO reserve currency without nation-states being able to resist politically.

When BTC is over 1.00% of my net, I sell some for gold.

Sorry to be critical but if I could speak factually…

Way too conservative even for your age. You should have at least 10% of networth in crypto for it to make a significant impact. W.r.t. to crypto you’re effectively just wasting time playing an observer game which has no relevance at all to your life or your mark on this world.

Crypto should be about 90+% of my networth (except for any brief periods of side-stepping massive corrections).

I own BTC and precious metals (mostly gold, a fair amount of platinum and tiny amounts of silver & palladium).  More $-value of what I hold is in the metals vs. BTC.

Precious metals are an insurance policy (or parking place for capital outside the fiat banking system). They are not for growing your share of the world’s networth (even in fiat collapses it is just a transfer of networth from the sheep to TPTB wolves) so precious metals don’t really gain.

Crypto is like the move from the buggy and whip horse carriage to the automobile. If you invested in such a new technology you became a $billionaire.

I would say chances of a long term dark age are slim to none..

Yeah technology is diversifying and decentralizing at a breakneck pace!

Only Dark Age I could imagine would be if we somehow made ourselves extinct by meddling in our genome. Our rate of technological+cultural evolution is moving much faster than the species selection process of evolution can anneal, so it is possible we could loose too much information and create a huge accidental extinction (a concept that argues against too much decentralization which @CoinCube had first pointed out to me with a biological model). The paradigm is Transhumanism.

I wonder what is the underlying psychological reason that roach hates technology so much? He seems to associate technology with centralized control? I suppose he thinks if we were still in the Stone Age then the Zionists and banksters would be powerless to control individual humans. But who the heck would want to live in the Stone Age?

[realr0ach]

Crypto should be about 90+% of my networth (except for any brief periods of side-stepping massive corrections).

You cannot be serious.  Besides the fact that it's not actually possible to create a decentralized digital currency so bitcoin has zero fundamentals, it could fail for thousands of other reasons even as small as people being too confused and not wanting to trade in increments of 0.000000000000000001 Satoshi and not having any type of consensus on restructuring the decimal system lol (besides other issues such as not being able to scale to service a small town).  

There are so many reasons why bitcoin will not defeat metals it's absurd.  It's not even deflationary, it's HYPER deflationary.  Each time someone dies holding metals, the metals are probably recovered 99% of the time unless you're a fucking 18th century pirate.  When someone holding bitcoin dies, the things are gonna be gone with the wind an overwhelming amount of the time.  Hyperdeflation is just as stupid and dysfunctional as hyperinflation.

But then there's the fact that the vast majority of the general public will not even hold their own coins and instead use a bitcoin bank because they're required to have some type of chain of custody for their relatives and children in case they croak.  So nearly all the bitcoins will just be sitting in the banker's pockets anyway.  The jew banker goal is just feudalism where they're the slave plantation owner, so things would be completely unchanged from how they are right now and it would all just collapse anyway on it's normal trajectory as if bitcoin never existed at all due to their unstoppable greed.

We are on a trajectory that bitcoin will likely have little to no effect on in the grand scheme of things because it does nothing to address the human element (if you were to classify jews as humans).

[CornCube]

Crypto should be about 90+% of my networth (except for any brief periods of side-stepping massive corrections).

You cannot be serious.  Besides the fact that it's not actually possible to create a decentralized digital currency so bitcoin has zero fundamentals, it could fail for thousands of other reasons even as small as people being too confused and not wanting to trade in increments of 0.000000000000000001 Satoshi and not having any type of consensus on restructuring the decimal system lol (besides other issues such as not being able to scale to service a small town).

Are you that asshat Clifford Stoll who claimed the Internet wouldn’t replace newspapers, CDROMs, and enable telecommuting workers?

A blog called Three Word Chant has dug up an infamous Newsweek article dating back to 1995 titled “The Internet? Bah!”.

There are a number of quotes that will leave you grinning proudly about how wrong author Clifford Stoll was, but before we criticise, let’s accept this is 1995. The Internet was a mess. No Google. No method to the madness. It’s understandable how many may have believed there wasn’t something in this Internet thing.

The Internet? Bah!
Hype alert: Why cyberspace isn’t, and will never be, nirvana

After two decades online, I’m perplexed. It’s not that I haven’t had a gas of a good time on the Internet. I’ve met great people and even caught a hacker or two. But today, I’m uneasy about this most trendy and oversold community. Visionaries see a future of telecommuting workers, interactive libraries and multimedia classrooms. They speak of electronic town meetings and virtual communities. Commerce and business will shift from offices and malls to networks and modems. And the freedom of digital networks will make government more democratic.Baloney.

Do our computer pundits lack all common sense? The truth in no online database will replace your daily newspaper, no CD-ROM can take the place of a competent teacher and no computer network will change the way government works.

You seem to not understand what time it is. Check your technological evolution calendar:

Crypto is like the move from the buggy and whip horse carriage to the automobile. If you invested in such a new technology you became a $billionaire.

[…]

Yeah technology is diversifying and decentralizing at a breakneck pace!

[…]

I wonder what is the underlying psychological reason that roach hates technology so much? He seems to associate technology with centralized control? I suppose he thinks if we were still in the Stone Age then the Zionists and banksters would be powerless to control individual humans. But who the heck would want to live in the Stone Age?

There are so many reasons why bitcoin will not defeat metals it's absurd.  It's not even deflationary, it's HYPER deflationary.  Each time someone dies holding metals, the metals are probably recovered 99% of the time unless you're a fucking 18th century pirate.  When someone holding bitcoin dies, the things are gonna be gone with the wind an overwhelming amount of the time.  Hyperdeflation is just as stupid and dysfunctional as hyperinflation.[/size]

I see a proliferation of altcoins. I don’t see any deflation, other than the sound of fiat and gold and everything else being sucked into the vortex of the technological evolution.

But then there's the fact that the vast majority of the general public will not even hold their own coins and instead use a bitcoin bank because they're required to have some type of chain of custody for their relatives and children in case they croak.

That’s simple to solve. Just given them a set of signing keys and set up a hashed time-locked contract to pay all your stash them, but supercede that before it expires if you’re still alive and issue a new postdated one into the future (say every year or few years). So you relatives have to wait at most a few years to get access to your stash.

I warned you that you should not presume you know everything about what is technologically possible.

So nearly all the bitcoins will just be sitting in the banker's pockets anyway.  The jew banker goal is just feudalism where they're the slave plantation owner, so things would be completely unchanged from how they are right now and it would all just collapse anyway on it's normal trajectory as if bitcoin never existed at all due to their unstoppable greed.

We are on a trajectory that bitcoin will likely have little to no effect on in the grand scheme of things because it does nothing to address the human element (if you were to classify jews as humans).

The Inverse Commons and the Knowledge Age will change that because knowledge formation and trading is not fungible. How many times do I have to tell you to go read my essays cited at the OP of CoinCube’s Economic Devastation thread. I am not going to explain it to you again. Tired of repeating myself.

You’re a Malthusian dinosaur.

[christina30]

...

Martin Armstrong is a financial, well, forecaster might be the right term, who has written extensively on historical patterns of economics.

He has a checkered past (I know that he went to jail for contempt of court, but what I have read it seems that was an injustice), but there is no doubt that he has introduced new concepts for us to read and analyze.  While in jail, he produced a number of interesting papers looking at asset prices through history, including from ANCIENT history.  He is one of the few who looks at cyclicality (time patterns) as well as a MACRO view of the markets (that is, he does not look at the price of gold alone, he looks at everything else too -- with a supercomputer).

He is now out of jail and has set-up shop as a macro-consulting company.  On most days (including today, Saturday) he publishes a few easy-to-digest items looking at various issues of the day.  His blog:

http://armstrongeconomics.com/armstrong_economics_blog

What finally moved me today to start this thread is his post was his very interesting piece (from today) "Money -- Credit -- Debt & Derivatives".  It looks like derivatives are as old as money itself (maybe older!), take a look at the article:

http://armstrongeconomics.com/archives/31401

*   *   *

I have been in various threads here at the forum where Armstrong's material has come up.

I look forward to reading your views on his ideas, and his proposed solutions (also controversial).

If you understand the stock market and trade DJIA, SPX or in fact any stocks then I am sure you have noticed the free FED money driven jamboree is over, the much anticipated Santa rally didn't happen and now the market is volatile.

[CornCube]

If you understand the stock market and trade DJIA, SPX or in fact any stocks then I am sure you have noticed the free FED money driven jamboree is over, the much anticipated Santa rally didn't happen and now the market is volatile.

Do not come into this thread like an idiot and not having read it and thus entirely not understanding Martin Armstrong’s thesis. Because I can’t correct every person who does’t read the thread.

The raising of interest rates is going to drive an international capital stampede into the dollar and the US stocks markets. Read the thread to understand why.

The developing world implicitly shorted the dollar to tune of $trillions of dollar denominated bonds issued overseas because dollar bond investors were chasing yield which was not available domestically because of ZIRP.

As interest rates rise not only does this cause the developing world to implode because it can’t service its dollar denominated debt, especially as the USA dollar increases in value due to this contagion stampede, the higher yields and appreciating dollar drive investors back to the USA.

International capital moves as a herd. The Asian crisis of late 1990s was caused by international capital herd moving to invest in Dot.com and Euro investment in Eastern Europe and such frontiers opened by the EU+Euro common market.

There is an outside chance of the DOW declining to 14K in flash crash if 2018 opens lower than 2017 high. Otherwise we headed to 42,000 by 2022 or earlier (with an outside chance of 60,000 by 2032).

[sidhujag]

Anonymint you are slow at recognizing traits of individuals from the patterns of text in their posts. You know how roach is.. he is stubborn hard headed and not technologically savvy. He also is married to his investments and only researches what solidifies his theories. His dismisses new information like a low IQ individual and typically does not read it at all. It is tough to debate anything with someone that throws the same arguments at you while your try to use logic. I would give it up with him. I typically use his style against him just to show how it feels like when hes debating himself.

[realr0ach]

The Asian crisis of late 1990s was caused by international capital herd moving to invest in Dot.com

Well, that's pretty damn oversimplified, but anyway, Korea had to devalue it's currency during that by 1/2 overnight.  Let's assume your claim that all money flows to the US when/if the US raises rates is true.  These other nations with capital leaving would probably be in the same predicament and have to result to similar moves.  Just about everyone expects massive China devaluations.  But the point is, unless the entire planet is a centrally controlled banker matrix with synchronized, planned devaluations all in coordination, then the reactions and effects of these moves are not going to be predictable.

For instance, if all these other nations are having to do enormous currency devaluations, it could spark the biggest metals bull run ever seen and even blow up the jew banker metal manipulation.  You seem to claim raising rates in the US will be dollar positive and metals negative, but it's more like the exact opposite.  There's way too many foreign countries that will have a fear of their US assets being seized or held in some manner, so they're not going to flood to the dollar.  Counterparty risk actually matters and the only place they can actually remove that risk while also getting yield during devaluations is metals, not US assets.

[Risk Mgmt]

What is a Human body without a Soul -   likely something artificial / impostor / fake

With USD$ as fiat as it may be....is represents United States of America and its Economy / its Government
Sames with all other paper Currencies...they represent something.

Metals even have some industrial value

What exactly does BITCOIN REPRESENT or WHO or WHAT?



I'm asking - because I still can't understand what or who BITCOIN represents.   I only speculate that during this BITCOIN RUSH..and someone  or some state is accumulating metals or other objects of real value to later use and back up BITCOIN....

Sorry for my crazy inquiry.

Not crazy at all.  FWIW, here is my response, quite imperfect and simplified:

Every piece of Bitcoin "owned" represents that you have paid for a piece of (more accurately: it's on the decentralized ledger Blockchain) of ENERGY and WORK having been done -- solving a math problem.  BTC is worth something because many, many people are OK with it as a somewhat Store of Value and Medium of Exchange (thus fulfilling to one degree or other TWO of the three most famous properties of "money" [the other being Unit of Account]), you can buy gold on the Internet with Bitcoin.  I have done it several times.

All the cryptocurrencies more or less share the above characteristics.

I own BTC and precious metals (mostly gold, a fair amount of platinum and tiny amounts of silver & palladium).  More $-value of what I hold is in the metals vs. BTC.

As BTC price has been rocketing upwards, I have been SELLING BTC and buying gold.  When BTC is over 1.00% of my net, I sell some for gold.

Hi Thank you and being kind in handling my crazy inquiry.

This part below I need better understanding of as to why its valuable or what it represents...which enables one to than give to another to buy FOOD.

"Every piece of Bitcoin "owned" represents that you have paid for a piece of (more accurately: it's on the decentralized ledger Blockchain) of ENERGY and WORK having been done -- solving a math problem"

[Risk Mgmt]

WILD FRIDAY SPECULATION:


Suppose there was no BITCOIN SYSTEM or similar such.  Do you all think money would be flowing into Metals or natural resources seeing the geopolitical events around the world.

Below is a wild speculation from a person who is not very well versed in BITCOIN etc.

The ZIONIST or BANKER (whichever title you prefer) Every ZIONIST I speculate knows the present monetary system is bogus. So to force usher in you must create or transition towards a new system -- as the current system they know is going to crash hard.

Zionists’ hornet’s nest -- get everyone to buy-into BITCOIN train.

This allows for them (THEM) to accumulate GOLD/SILVER on suppressed prices - allowing them time. Once current BITCOIN system crashes....they will use same ELECTRONIC BITCOIN OR SIMILAR SYSTEM (BLOCKCHAIN)...but back it up with GOLD making it legit relative to current fiat and again allow them to stay on top - as they were on the prior FIAT system (which is now decaying).

BLOCKCHAIN  will allow them to track everyone...dominate over everyone much easily.


HORNET'S NEST

[CornCube]

Let's assume your claim that all money flows to the US when/if the US raises rates is true.  These other nations with capital leaving would probably be in the same predicament and have to result to similar moves.  Just about everyone expects massive China devaluations.  But the point is, unless the entire planet is a centrally controlled banker matrix with synchronized, planned devaluations all in coordination, then the reactions and effects of these moves are not going to be predictable.

Yep moving towards capital controls and war. But Asia will bottom 2020ish while the West will continue to fall into the abyss until at least 2032, because Asia does not have the huge entitlements to pay. It is all about taxation.

Concerning China, the reason that they will succeed is because they are turning inward by building their economy into a consumer reservoir and eliminating their dependence upon the West. They will decline at first, but they will recover and make new highs when the West fails.

Even the Bible said giving 10% was realistic, not 40% to 60% as we have under the current Marxist style governments in the West.

The first country that wakes up and abolishes income taxes will blow everyone else out of the water. All they have to do is say they will adopt the way the United States became great. There were only indirect taxes between 1792 and 1913. If the nation survived with no income taxes, we can do it again and let the people spend their own money. You will see massive job creation and governments will stop competing with the private sector to borrow money.

Most importantly, a big tax cut (from 35% to 20%) is planned for the corporations which will make the U.S. society richer, especially in the long run. Companies are the places that can use extra cash most effectively – partially as an investment allocated by some of America's best managers – which is why the lowering of their taxes is the best investment for the whole. Everyone who fails to get this simple point of trickle-down or supply side economics is just an economics (and history) crackpot. Try to cover it by your left-wing beliefs or anything else but it's actually crackpottery that is behind it.

China Moving to Replace USA as Financial Capitol of World

China will become the new Financial Capitol of the World as the West destroys themselves with raising taxes to fund impossible governmental consumption of wealth. The simple math shows the West cannot possibly survive the conclusion of this Private Wave in 2032. China uses and believes in cycles. The West believes only in a straight line.

https://i.imgur.com/K1V982J.jpg

In the chart above, we see that Asia (China+India) was dominant and stable during the Medieval period wherein the Western Roman empire had collapsed. Then as the West rose, eventually it conquered the East (think of how England addicted the entire of China to opium and took all of China’s silver in payment for the opium they sold to them). Ditto UK colonialism of India and Europe’s colonialism of the entire third world. The USA rising while Europe declined was the West being stable in total, but now we see Asia climbing again as the West has destroyed itself with addictions to socialism, etc..

The chart above exemplifies that Western civilization has peaked and is destroying itself in an unstoppable wave of addiction to incorrect ideology.

Only if Trump can permanently destroy the leftists (which is not likely!) can the USA avoid the fate that awaits Europe.

Go study worldwide tax burdens and entitlements. China and the developing world has very low levels compared to West. The West is F.U.B.A.R. because of the leftist crap, entitlements, and massive taxation. The level of debt is not that important. Rather it is the structural problems that prevent any change. Trump is trying to make the changes, but less 50% of the Americans are truly conservative (but the leftists are all concentrated in a few places such as cities, West coast, and East coast) which is why a civil war and break up of the USA into regions is coming. Competition from Asia being more competitive due to lower taxation will force the conservatives in the USA to break away from the leftists. This economic pressure will become much more acute and noticeable after the US dollar peaks and international capital flows start heading back out of the USA and to Asia again (probably 2022 or so).

For instance, if all these other nations are having to do enormous currency devaluations, it could spark the biggest metals bull run ever seen and even blow up the jew banker metal manipulation.  You seem to claim raising rates in the US will be dollar positive and metals negative, but it's more like the exact opposite.

Huh? Did you not see I wrote that gold will go to $5000 on this page?

But hell no, if you think gold is going to $50,000. You’re tinfoil hat looney if you think that.

Cryptocurrency is the much more significant change that is coming to the world.

The world has embraced western civilization, science, and technology, no matter where with a few pockets of resistance in some backward countries. The west will keep on leading by innovation of which there is very little in Asia and none elsewhere. Yes India and China may prevail in numbers, but will progress in a very western sense as their civilizations have contributed nothing over the last few hundred years that made an impact. Yoga and acupuncture perhaps?

China, Japan, South Korea, Japan (and increasingly India) have embraced science and technology. And they’re already moving ahead of the USA. For example, China has employed entanglement at a distance to have faster communication lines over longer distances than achieved any where else in the world.  As the West collapses under oppressive taxes and debt collapse, our youth will be destroyed and their only future is to leave and head East. A massive brain drain ensues. Actually it has already started.

It must be very difficult for a boomer socialist with a colonialism pride to deal with the changing of the power structure of the world. But you’re too smart to get stuck in wrong-headedness.

Trump’s policies in favor of the rich and at the expense of the poor would fit very well in extreme darwinism favoring the strong and eliminating the poor. Very un- christian in essential.

Universal basic income seems to increase knowledge creation. The issue is the creation of a corrupt/inept/non-annealing centralized morass to administer it. If we could achieve it in a decentralized paradigm, then we’d have a huge win.

[CornCube]

BTC will likely peak $18k – $50k then decline for 27 months to reach a bottom at  ~-67%:

Plateau move or Phase Transition followed by crypto winter?

[realr0ach]

You're way overanalyzing the bitcoin move.  A market can only pump until a good chunk of it's participants have acquired some type of life changing windfall profits.  I'd say that's already occurred in bitcoin for this wave.  The only way that's not going to be true is if the vast majority of the market is cornered by one or a couple entities, so that could also be sort of true with entities like Bitmain, Pantera Capital, etc.  But even those people are going to want to be diversifying their profits at this juncture the second they see a breakdown.

[CornCube]

You're way overanalyzing the bitcoin move […] I'd say that's already occurred in bitcoin for this wave.

Indeed I think BTC already topped out (or will next week as the move from $11k to $16k may have only be one leg of two legs up) at $18k – $25k¹ then will U bottom for a couple or few months and then skyrocket again to $40k (ditto as in 2013). Then a 67% decline back to < $15k.

Perhaps the altcoins will moon now during the interim lull (usually happens when BTC pauses), as LTC did in 2013 after the first BTC peak.

¹  _{Average pricing including Asian exchanges which are higher as quoted on Coinmarketcap, Shapeshift, and others}

[realr0ach]

What happens when SJW women attempt to argue with people who are not idiots on the bitcoin forum:

your antisemitism and misogyny

Is this a joke?  There's no so called irrational bias of men called "misogyny".  There is only evolution and natural selection which has created a thing called patriarchy - the hierarchal living structure of most organisms.  If matriarchy was valid, nature would give it to you, but nature apparently thinks it's retarded.  Calling someone a "misogynist" is like complaining that the sky is blue when you think it should be red.  

But that's why it's a waste of time talking to most women as it's about as useful as talking to a dog.  They only care about perceived popular opinion and trying to adhere to whatever they think it is because beng ostracized from the collective tribe or group is usually a death sentence for women in evolutionary terms, while not so for men.  Sure, men can be sheep too, but trying to adhere to popular opinion is about the only way a female brain works at all.

Your bonobo brain has perceived that militant SJW cuckoldism is somehow the main popular opinion you must adhere to currently, even though it's just irrational propaganda originating from only 2% of the US population, an evil cult called jews.  It's rather disgraceful you're trying to guilt trip other people claiming they must act like you or they're a bad person when you're the one who has fallen for the equivalent of an evil Charles Manson cult.

[sidhujag]

The log target is $100k just sayin.. I also agree LTC and ETH are hinting at a catch up wave. Grinding to ensue for king.

Most of the wealth to be made is sitting in an alt 30 to 75 ish on the marketcap chart those that are there now are in a very unique position especially ones that are actually releasing real stuff now or soon.