inflation (Kondratieff Winter)

[Vladimir]

Kondratieff Winter  is coming!

http://www.zerohedge.com/news/2013-02-04/argentina-freezes-supermarket-prices-halt-soaring-inflation-chaos-follow

inevitably this will follow (I've seen it with my own eyes many years ago in USSR)

https://www.google.co.uk/search?q=photo+of+empty+shelves+in+soviet+shops&hl=en&sa=X&tbo=u&rlz=1C1CHFX_en-gbGB490GB490&tbm=isch&source=univ&ei=Q2EQUZqRLMiFhQfu7YCIDg&ved=0CC0QsAQ&biw=1696&bih=1241

I guess they should now freeze prices on electricity to make bitcoin miners there extra happy.

Expect this to come to a shop near you soon.

Perhaps it is not something that could have happened if honest Bitcoin based money were used.

from http://en.wikipedia.org/wiki/Kondratiev_wave :

The technological cycles can be labeled as follows:
The Industrial Revolution—1771
The Age of Steam and Railways—1829
The Age of Steel and Heavy Engineering—1875
The Age of Oil, Electricity, the Automobile and Mass Production—1908
The Age of Information and Telecommunications—1971

What the next golden age (~2030) will be all about? Will it be The Age of Honest Money?

[1714148596]

1714148596

[solex]

Kirchner slaps a price freeze on supermarkets to curb inflation when she has the central bank running presses 24/7 churning out money, like the new 100 peso note.
What planet do politicians come from??

Bitcoin needs a killer smart-phone app for it, so it can more easily step into the breach when a country is being devastated by hyperinflation.

[iCEBREAKER]

Kirchner slaps a price freeze on supermarkets to curb inflation when she has the central bank running presses 24/7 churning out money, like the new 100 peso note.
What planet do politicians come from??

Bitcoin needs a killer smart-phone app for it, so it can more easily step into the breach when a country is being devastated by hyperinflation.

LOL Kirchner.  What a ridiculous person.

I'm sure she'd try to implement price controls on Bitcoin too, were she capable of understand what they are.

Not one to usually root for Her Majesty, I nevertheless get all reactionary when this Marxist twat starts sabre rattling over the Falklands.

I'd love the SBS to put her makeup-caked head on a pike in Port Stanley.  The islanders deserve at least that much for the FUD she's caused them. 

[Timep34]

I definitely see inflation picking up over the next few years in the USA especially. The Fed just keeps on printing to fund trillion+ a year deficits.

[hashman]

I definitely see inflation picking up over the next few years in the USA especially. The Fed just keeps on printing to fund trillion+ a year deficits.

I agree but if you are talking about price inflation that takes many years to trickle down.

[asdf]

I definitely see inflation picking up over the next few years in the USA especially. The Fed just keeps on printing to fund trillion+ a year deficits.

I agree but if you are talking about price inflation that takes many years to trickle down.

It's been many years.

[iCEBREAKER]

I definitely see inflation picking up over the next few years in the USA especially. The Fed just keeps on printing to fund trillion+ a year deficits.

I agree but if you are talking about price inflation that takes many years to trickle down.

He's talking about both monetary and price inflation.  Both types of inflation are accelerating.

Gas: was 5 cents, now 5 dollars.

Gold: was $35/oz, now $1700/oz.

[marcus_of_augustus]

kirchner is such an airhead ... I'm not sure if the people who voted for this conniving person really deserve what's coming to them or not.

[Akka]

from http://en.wikipedia.org/wiki/Kondratiev_wave :

The technological cycles can be labeled as follows:
The Industrial Revolution—1771
The Age of Steam and Railways—1829
The Age of Steel and Heavy Engineering—1875
The Age of Oil, Electricity, the Automobile and Mass Production—1908
The Age of Information and Telecommunications—1971

What the next golden age (~2030) will be all about? Will it be The Age of Honest Money?

It will be the age of decentralization and Bitcoin fits in there perfectly:

http://en.wikipedia.org/wiki/The_Third_Industrial_Revolution

[marcus_of_augustus]

from http://en.wikipedia.org/wiki/Kondratiev_wave :

The technological cycles can be labeled as follows:
The Industrial Revolution—1771
The Age of Steam and Railways—1829
The Age of Steel and Heavy Engineering—1875
The Age of Oil, Electricity, the Automobile and Mass Production—1908
The Age of Information and Telecommunications—1971

What the next golden age (~2030) will be all about? Will it be The Age of Honest Money?

It will be the age of decentralization and Bitcoin fits in there perfectly:

http://en.wikipedia.org/wiki/The_Third_Industrial_Revolution

The Digital Revolution  is what we are in the midst of right now ... beginning around, say circa 1970? (unix time 0)

- computing
- automation
- communication
- etc, etc (digital money)

[Akka]

It will be the age of decentralization and Bitcoin fits in there perfectly:

http://en.wikipedia.org/wiki/The_Third_Industrial_Revolution

The Digital Revolution  is what we are in the midst of right now ... beginning around, say circa 1970? (unix time 0)

- computing
- automation
- communication
- etc, etc (digital money)

I was more thinking in the direction of:

 -decentralized energy - Buildings as Power Plants(Wind / Solar), Smart Grid, Energy Storages of Electric Cars/ Hybrids as Grid Buffers.

 - decentralized Production - 3d-Printing manufactures

 - decentralized money - Bitcoin


In the new era, everyone can potentially be their own manufacturer, their own internet site, their own power company and their own Bank.

[Spaceman_Spiff]

It will be the age of decentralization and Bitcoin fits in there perfectly:

http://en.wikipedia.org/wiki/The_Third_Industrial_Revolution

The Digital Revolution  is what we are in the midst of right now ... beginning around, say circa 1970? (unix time 0)

- computing
- automation
- communication
- etc, etc (digital money)

I was more thinking in the direction of:

 -decentralized energy - Buildings as Power Plants(Wind / Solar), Smart Grid, Energy Storages of Electric Cars/ Hybrids as Grid Buffers.

 - decentralized Production - 3d-Printing manufactures

 - decentralized money - Bitcoin


In the new era, everyone can potentially be their own manufacturer, their own internet site, their own power company and their own Bank.

Good points.  3D printing is so cool, I think I'll buy a printer in the future (when the price/quality is better).
Personally, I think Biotech will be the next big wave.  Increasingly fine tools (nanotech) and visualisation aids (better microscopes etc.) combined with a maturation of "big data" processing methods should spark a bunch of innovation.  We can do some cool things already,  but we are only scratching the surface...

[alexeft]

I totally agree.

[iCEBREAKER]

kirchner is such an airhead ... I'm not sure if the people who voted for this conniving person really deserve what's coming to them or not.

Kirchner voters deserve everything that's coming to them.  Feedback is important; actions must have consequences or bad behavior is encouraged by externalizing its costs.


For their socialist envy of others' property, they deserve poverty.

The only way to cure them of their Marxism is to starve it out of them. 

Let them fight over scraps of food in their Worker's Paradise until they are eating their trees, pets, and children like the North Koreans.


For their nationalist jingoism, they deserve the horrors of war.

The only cure for their territorial avarice and attempted colonialism of the Falklands is yet another sound military defeat, only this time on a far grander scale.

Let them weep for their crushed false pride, as British warheads incinerate their population centers.

The only good commie is a dead commie!

[Spaceman_Spiff]

Let them fight over scraps of food in their Worker's Paradise until they are eating their trees, pets, and children like the North Koreans.

Let them weep for their crushed false pride, as British warheads incinerate their population centers.

The only good commie is a dead commie!

Grow a heart

[iCEBREAKER]

grow a heart

you mean "grow a BLEEDING heart."  never heard of tough love?

grow a spine and stand up for what's right, instead of demanding degeneracy be indulged.

grow a brain, and realize why if something is subsidized, you get more of it.

I do feel bad for all the non Kirschner voters.  But the commies have to go.  It's them or us.

[Spaceman_Spiff]

grow a heart

grow a spine and stand up for what's right, instead of demanding degeneracy be indulged.

There is a difference between holding true to your principles or wanting that people that you think have misguided beliefs/morals end up eating their children....

[molecular]

Kirchner slaps a price freeze on supermarkets to curb inflation when she has the central bank running presses 24/7 churning out money, like the new 100 peso note.
What planet do politicians come from??

they just need to watch this for 4 minutes.

http://www.youtube.com/watch?v=CLzCVkPBmX8&feature=player_detailpage#t=39s

don't tell me they don't know price fixing doesn't work (in the way they publicly claim it would).

[molecular]

It will be the age of decentralization and Bitcoin fits in there perfectly:

http://en.wikipedia.org/wiki/The_Third_Industrial_Revolution

The Digital Revolution  is what we are in the midst of right now ... beginning around, say circa 1970? (unix time 0)

- computing
- automation
- communication
- etc, etc (digital money)

I was more thinking in the direction of:

 -decentralized energy - Buildings as Power Plants(Wind / Solar), Smart Grid, Energy Storages of Electric Cars/ Hybrids as Grid Buffers.

 - decentralized Production - 3d-Printing manufactures

 - decentralized money - Bitcoin

dont forget:

 - decentralized thinking

 - decentralized policy-making

 - decentralized <everything the state does now/>

[Vladimir]

don't tell me they don't know price fixing doesn't work (in the way they publicly claim it would).

Ohh they do know. But they must make appearances and hence they MUST DO SOMETHING. There is absolutely nothing constructive they can do (except incarcerating themselves, perhaps). Therefore the dazmn politicians do something even if it is an absolutely pointless thing.

[iCEBREAKER]

There is a difference between holding true to your principles or wanting that people that you think have misguided beliefs/morals end up eating their children....

I don't *want* people to suffer under socialism, but we must recognize that only massive amounts of inevitable serious negative feedback will change their misguided "hearts."

Anyway, Argentina's Kirchner problem isn't even remotely related to what *I* think.  Personalizing the argument is pretty thin gravy.

In actual reality, inflation is accelerating and price controls are being implemented, resulting in unrest/panic/shortages/hoarding/riots/violence/death.

Those are objective features of the world, not my subjective opinion. 

I could grow the soppiest bleeding heart ever just to satisfy reproachful little you, and it wouldn't change the price of bread in Buenos Aires.

Actions have consequences.  Your desire to see the poor widdle nationalist and Marxist scum insulated from those consequences is irrelevant.

Your belief to the contrary is mere wishful thinking. 

Kind of like Kirchner's aggressive territorial expansionist pipe dream of reclaiming the Falklands, despite the wishes of the islanders.

Las Malvinas?  LOL, not gonna happen.

[marcus_of_augustus]

Socialism/communism is much more corrosive than just the negative effect any single ruling party can have. As a mindset, it imbibes at least half the population, sometimes as many as 90%, with an entitled culture whereby they spend most of their lives looking over the fence jealously envying what someone else has and thinking somehow that their birthright has been stolen from them. The net effect is it tears the fabric of society apart as individuals turn/work against each other, instead for themselves albeit in total in the same direction.

[solex]

Socialism/communism is much more corrosive than just the negative effect any single ruling party can have. As a mindset, it imbibes at least half the population, sometimes as many as 90%, with an entitled culture whereby they spend most of their lives looking over the fence jealously envying what someone else has and thinking somehow that their birthright has been stolen from them. The net effect is it tears the fabric of society apart as individuals turn/work against each other, instead for themselves albeit in total in the same direction.

And North Korea shows the tragic end-point of this paradigm.

[iCEBREAKER]

Socialism/communism is much more corrosive than just the negative effect any single ruling party can have. As a mindset, it imbibes at least half the population, sometimes as many as 90%, with an entitled culture whereby they spend most of their lives looking over the fence jealously envying what someone else has and thinking somehow that their birthright has been stolen from them. The net effect is it tears the fabric of society apart as individuals turn/work against each other, instead for themselves albeit in total in the same direction.

OMG You are so mean!!!  GRow a HEart!!11

[Spaceman_Spiff]

Socialism/communism is much more corrosive than just the negative effect any single ruling party can have. As a mindset, it imbibes at least half the population, sometimes as many as 90%, with an entitled culture whereby they spend most of their lives looking over the fence jealously envying what someone else has and thinking somehow that their birthright has been stolen from them. The net effect is it tears the fabric of society apart as individuals turn/work against each other, instead for themselves albeit in total in the same direction.

OMG You are so mean!!!  GRow a HEart!!11

Oh shut up...  You are portraying me like a sobby schoolgirl and putting words in my mouth. Where did I 'demand that degeneracy be indulged' or 'believe that actions don't have consequences' ?  I only reacted because you sounded like a fucking extremist that was getting off on people living in miserable conditions.  

[arepo]

Socialism/communism is much more corrosive than just the negative effect any single ruling party can have. As a mindset, it imbibes at least half the population, sometimes as many as 90%, with an entitled culture whereby they spend most of their lives looking over the fence jealously envying what someone else has and thinking somehow that their birthright has been stolen from them. The net effect is it tears the fabric of society apart as individuals turn/work against each other, instead for themselves albeit in total in the same direction.

i know im going to get flak for this, but that description sounds like capitalism: the jealousy of another's riches versus being content with what one has and not continuously (and unsustainably) striving for more; and the ruthless competition that wastes more resources than the innovation it breeds.

see? generalizing over entire schools of economic thought is easy. stop acting like a bunch of indoctrinated westerners. did you guys grow up during the red scare or something? "-isms" aren't inherently evil.

[hazek]

Socialism/communism is much more corrosive than just the negative effect any single ruling party can have. As a mindset, it imbibes at least half the population, sometimes as many as 90%, with an entitled culture whereby they spend most of their lives looking over the fence jealously envying what someone else has and thinking somehow that their birthright has been stolen from them. The net effect is it tears the fabric of society apart as individuals turn/work against each other, instead for themselves albeit in total in the same direction.

OMG You are so mean!!!  GRow a HEart!!11

For the children!!!111

 

[iCEBREAKER]

Socialism/communism is much more corrosive than just the negative effect any single ruling party can have. As a mindset, it imbibes at least half the population, sometimes as many as 90%, with an entitled culture whereby they spend most of their lives looking over the fence jealously envying what someone else has and thinking somehow that their birthright has been stolen from them. The net effect is it tears the fabric of society apart as individuals turn/work against each other, instead for themselves albeit in total in the same direction.

OMG You are so mean!!!  GRow a HEart!!11

For the children!!!111

 

It Takes A Village!!1!2!

[hashman]

Socialism/communism is .....

A totally undefined term which apparently you are using as a scapegoat for some kind of your own personal difficulties.

[marcus_of_augustus]

Socialism/communism is .....

A totally undefined term which apparently you are using as a scapegoat for some kind of your own personal difficulties.

You'll know it when you smell it .... as to my personal difficulties, lets just say they have more to do with Euler than what you seem to be trying to smear me with.

[notme]

Socialism/communism is .....

A totally undefined term which apparently you are using as a scapegoat for some kind of your own personal difficulties.

You'll know it when you smell it .... as to my personal difficulties, lets just say they have more to do with Euler than what you seem to be trying to smear me with.

I smell it here in the US, the supposed king of capitalism.  It smells like government guarantees of loans.  In other words, publicize losses (government bailouts), privatize profits (fewer and fewer people are getting wealthier and wealthier).  What we need are strong local communities and weak central government.  If the politicians have the power to bail out the banks at the expense of the populace, they will do so when the bankers come screaming that the sky is falling.  We need to take this power away and bitcoin will play a role.  It may be large or small, but it will play a part.

[molecular]

Socialism/communism is .....

A totally undefined term which apparently you are using as a scapegoat for some kind of your own personal difficulties.

You'll know it when you smell it .... as to my personal difficulties, lets just say they have more to do with Euler than what you seem to be trying to smear me with.

I smell it here in the US, the supposed king of capitalism.  It smells like government guarantees of loans.  In other words, publicize losses (government bailouts), privatize profits (fewer and fewer people are getting wealthier and wealthier).  What we need are strong local communities and weak central government.  If the politicians have the power to bail out the banks at the expense of the populace, they will do so when the bankers come screaming that the sky is falling.  We need to take this power away and bitcoin will play a role.  It may be large or small, but it will play a part.

I hear you and agree.

There are 2 ways (at least for me) to interpret the bolded sentence: Do you a) mean that bitcoin will play a role in taking away that power or b) that when we take away that power, bitcoin can play a role in society?

[hashman]

Socialism/communism is .....

A totally undefined term which apparently you are using as a scapegoat for some kind of your own personal difficulties.

You'll know it when you smell it .... as to my personal difficulties, lets just say they have more to do with Euler than what you seem to be trying to smear me with.

 

[notme]

Socialism/communism is .....

A totally undefined term which apparently you are using as a scapegoat for some kind of your own personal difficulties.

You'll know it when you smell it .... as to my personal difficulties, lets just say they have more to do with Euler than what you seem to be trying to smear me with.

I smell it here in the US, the supposed king of capitalism.  It smells like government guarantees of loans.  In other words, publicize losses (government bailouts), privatize profits (fewer and fewer people are getting wealthier and wealthier).  What we need are strong local communities and weak central government.  If the politicians have the power to bail out the banks at the expense of the populace, they will do so when the bankers come screaming that the sky is falling.  We need to take this power away and bitcoin will play a role.  It may be large or small, but it will play a part.

I hear you and agree.

There are 2 ways (at least for me) to interpret the bolded sentence: Do you a) mean that bitcoin will play a role in taking away that power or b) that when we take away that power, bitcoin can play a role in society?

a

[molecular]

Socialism/communism is .....

A totally undefined term which apparently you are using as a scapegoat for some kind of your own personal difficulties.

You'll know it when you smell it .... as to my personal difficulties, lets just say they have more to do with Euler than what you seem to be trying to smear me with.

I smell it here in the US, the supposed king of capitalism.  It smells like government guarantees of loans.  In other words, publicize losses (government bailouts), privatize profits (fewer and fewer people are getting wealthier and wealthier).  What we need are strong local communities and weak central government.  If the politicians have the power to bail out the banks at the expense of the populace, they will do so when the bankers come screaming that the sky is falling.  We need to take this power away and bitcoin will play a role.  It may be large or small, but it will play a part.

I hear you and agree.

There are 2 ways (at least for me) to interpret the bolded sentence: Do you a) mean that bitcoin will play a role in taking away that power or b) that when we take away that power, bitcoin can play a role in society?

a

good