Fiat Collapsing. Gold/Silver/Bitcoin UP.

[Cconvert2G36]

Where's CypherDoc tho? I still can't see too good.  

After trying to simultaneously be a Bitcoin Maximalist and Buttcoiner, he vanished in a puff of logic.

I suspect that his attorney told him to shut his yap.  At least here on bitcointalk.org where he did much of his hard-core shilling.

Possible that he harbors a slight bit of resentment over what theymos did to the thread we used to enjoy/lurk?

In any event, good riddance to them, amirite?

[iCEBREAKER]

[BLOOMBERG] Asia Stocks Fall to Lowest Since 2011, Extending Global Selloff

Turmoil in China’s markets rippled around the world in the first week of 2016 as the securities regulator scrapped an equity circuit breaker after just four days and the central bank set a weaker yuan fix for eight days in a row, escalating fears of a global currency war.

[BlindMayorBitcorn]

Where's CypherDoc tho? I still can't see too good.  

After trying to simultaneously be a Bitcoin Maximalist and Buttcoiner, he vanished in a puff of logic.

I suspect that his attorney told him to shut his yap.  At least here on bitcointalk.org where he did much of his hard-core shilling.

Possible that he harbors a slight bit of resentment over what theymos did to the thread we used to enjoy/lurk?

In any event, good riddance to them, amirite?

[iCEBREAKER]

2/8/16

Fed May Lack Legal Authority for Negative Rates: 2010 Memo

http://www.bloomberg.com/news/articles/2016-02-08/fed-may-lack-legal-authority-for-negative-rates-2010-fed-memo

The Federal Reserve may not have the legal authority to set negative interest rates in the U.S., according to a 2010 staff memo that was posted late last month on the central bank’s website.

The document, which is dated Aug. 5, 2010, and was publicly released on Jan. 29, suggests the law that authorized the Fed to pay interest on excess reserves, or IOER, may not grant it the authority to charge interest. That could constrain the central bank’s ability to take interest rates below zero, though it might be able to find a work-around.

Speculation has increased that the Fed might consider negative rates in the next economic downturn as concerns of a U.S. slowdown have mounted. This also follows recent moves to cut borrowing costs below zero by central banks in Europe and Japan that show it can be done. The opinion of Fed staff back in 2010 was that this would difficult under U.S. law.

[iCEBREAKER]

Is This The Biggest Crisis In History?

http://www.zerohedge.com/news/2016-02-11/biggest-crisis-history

This reminds me of the time Gavin said "the financial crisis is over."

[DrLove2048]

What's annoying to me (and maybe I'm not seeing much being from the USA & young) but it doesn't feel like the stock market should be collapsing.

I don't seem to be seeing the same effects from when it crashed in 2008

[marcus_of_augustus]

I think the gold-oil link that has lasted for over a century is being severed.

New energy technologies are coming on line that will eventually cause the obsolescence of fossil fuels and the gold-oil link is necessarily reflecting that.

There will be a lot of disruption surrounding that delinking given the number of existing geopolitical power structures, petro-dollar debt-based fiat, bonds-for-oil, gold-for-oil, similar inter-national agreements and the mountain of derivative deals that are based on these fundamental long-term linkages of energy and money being broken.

tl;dr oil is being demonetised

[tvbcof]

I think the gold-oil link that has lasted for over a century is being severed.

New energy technologies are coming on line that will eventually cause the obsolescence of fossil fuels and the gold-oil link is necessarily reflecting that.

There will be a lot of disruption surrounding that delinking given the number of existing geopolitical power structures, petro-dollar debt-based fiat, bonds-for-oil, gold-for-oil, similar inter-national agreements and the mountain of derivative deals that are based on these fundamental long-term linkages of energy and money being broken.

tl;dr oil is being demonetised

It could be almost the exact opposite.  That is, energy (which fossil fuels remain well in the lead in and probably will for some time) may be in fact completely subsume the current function of money as has been seen in the present and past.  That is the base-line functional distinction of 'Technocracy.'

You (MofA) should sit through at least one of Patrick Wood's presentations of Technocracy.  It would probably take only one pass for you to appreciate most of the points.

I personally feel that various groups (including enviros/eugenicists, Technocrats, etc) are being used as useful idiots in a project to move the world forward and we may not see energy as the currency upon which ownership/control metrics are based as the Technocrats dream of, but we could see moves toward such a project and possibly a phase in which we seriously flirt with it.  Being familiar with the paradigm, one can see signs of this already with smart-meters, carbon taxes, fine-grained (personally identifiable) surveillance, etc.

[iCEBREAKER]

I think the gold-oil link that has lasted for over a century is being severed.

New energy technologies are coming on line that will eventually cause the obsolescence of fossil fuels and the gold-oil link is necessarily reflecting that.

There will be a lot of disruption surrounding that delinking given the number of existing geopolitical power structures, petro-dollar debt-based fiat, bonds-for-oil, gold-for-oil, similar inter-national agreements and the mountain of derivative deals that are based on these fundamental long-term linkages of energy and money being broken.

tl;dr oil is being demonetised

Implication: End of Petrodollar Hegemony

But not the way we thought.  More like hyper-biflation than inflation.

[traderCJ]

I think the gold-oil link that has lasted for over a century is being severed.

New energy technologies are coming on line that will eventually cause the obsolescence of fossil fuels and the gold-oil link is necessarily reflecting that.

There will be a lot of disruption surrounding that delinking given the number of existing geopolitical power structures, petro-dollar debt-based fiat, bonds-for-oil, gold-for-oil, similar inter-national agreements and the mountain of derivative deals that are based on these fundamental long-term linkages of energy and money being broken.

tl;dr oil is being demonetised

It could be almost the exact opposite.  That is, energy (which fossil fuels remain well in the lead in and probably will for some time) may be in fact completely subsume the current function of money as has been seen in the present and past.  That is the base-line functional distinction of 'Technocracy.'

You (MofA) should sit through at least one of Patrick Wood's presentations of Technocracy.  It would probably take only one pass for you to appreciate most of the points.

I personally feel that various groups (including enviros/eugenicists, Technocrats, etc) are being used as useful idiots in a project to move the world forward and we may not see energy as the currency upon which ownership/control metrics are based as the Technocrats dream of, but we could see moves toward such a project and possibly a phase in which we seriously flirt with it.  Being familiar with the paradigm, one can see signs of this already with smart-meters, carbon taxes, fine-grained (personally identifiable) surveillance, etc.

Couldn't agree more.  Efficiency (energy economics) in all areas of life will be the order of business.  Optimal transportation (self-driving cars), optimal energy storage (GWh energy in a small cell, the ultimate currency), optimal logistics (Amazon.com), optimal population control (total surveillance and pre-crime heuristics), optimal knowledge transfer (direct brain - machine communication), and perhaps even instantaneous communication (quantum entanglement).  I've mixed feelings about it.  On the one hand, it will make bare necessities unbelievably cheap.  However, it seems that the easier we make survival, the sicker and less human we become.

[marcus_of_augustus]

A Central Banker speaking blasphemy ...

Monetary policy globally has been asked to do something it can't really do," Mr Stevens said.
....
"They were all structural things to help make economies work better, help productivity, assist innovation etcetera. That's where prosperity comes from. It doesn't come from manipulating the price of money," he said.

https://nz.finance.yahoo.com/news/rate-cut-wont-deliver-growth-055904781.html

I think the gig is well and truly up.

[Fasdata]

The stock market is too volatile recently. So the people are seeking safe heaven. They will buy gold first, then bitcoin.

[iCEBREAKER]

The stock market is too volatile recently. So the people are seeking safe heaven. They will buy gold first, then bitcoin.

And after they buy Bitcoin, they will buy Monero.

3/3/16
Gold soars into bull market as global growth fears mount
http://www.telegraph.co.uk/business/2016/03/04/gold-soars-into-bull-market-as-global-growth-fears-mount/

Gold is back in a bull market for the first time since 2013 as concerns about global growth rise.

Gold spot prices climbed to $1,272.77 an ounce on Friday, after settling at $1,264.25 on the previous day.

Thursday's close marks a 20pc gain from the most recent low of $1,052.94 in December, meeting the typical definition of a bull market.

Signs that US growth is slowing and an expectation that the Federal Reserve will delay further interest rate rises have pushed up prices of gold since the start of the year.

I guess this is why Frap.doc kept a stash of gold for himself, while telling anyone who would listen they should sell theirs and buy Bitcoin.

[Pab]

Sure demand on fiat alternatives will rise Central Banks has no solution to his own action thay will now create more and the same shit stupidity.But now investors and people do not trust Central Banks anymore

[notme]

The stock market is too volatile recently. So the people are seeking safe heaven. They will buy gold first, then bitcoin.

And after they buy Bitcoin, they will buy Monero.

3/3/16
Gold soars into bull market as global growth fears mount
http://www.telegraph.co.uk/business/2016/03/04/gold-soars-into-bull-market-as-global-growth-fears-mount/

Gold is back in a bull market for the first time since 2013 as concerns about global growth rise.

Gold spot prices climbed to $1,272.77 an ounce on Friday, after settling at $1,264.25 on the previous day.

Thursday's close marks a 20pc gain from the most recent low of $1,052.94 in December, meeting the typical definition of a bull market.

Signs that US growth is slowing and an expectation that the Federal Reserve will delay further interest rate rises have pushed up prices of gold since the start of the year.

I guess this is why Frap.doc kept a stash of gold for himself, while telling anyone who would listen they should sell theirs and buy Bitcoin.

He actually just bought some DZZ a day or two ago.  He's alive and well over at bitco.in.

https://bitco.in/forum/threads/gold-collapsing-bitcoin-up.16

[iCEBREAKER]

Gold Tops $1300; Bitcoin Spikes To 28-Month Highs

http://www.zerohedge.com/news/2016-06-15/currency-nado-yen-yuan-surge-gold-tops-1300-bitcoin-spikes-28-month-highs

Just like his hero Mike Hearn sold his BTC too soon, Frap.doc got completely out of gold just in time to miss the spike.

When you invest (or divest) based on emotion, you make bad decisions.

Hearn's whiny, public capitulation --> BTC spike
Frap.doc's whiny, public capitulation --> Gold spike
klee's whiny, public capitulation --> Monero spike

I'm loving it!