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KSV
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June 08, 2013, 07:58:27 PM |
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debt = money system will fail...period.
its only a matter of time.
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"Bitcoin: the cutting edge of begging technology." -- Giraffe.BTC
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Adrian-x
Legendary
 Offline
Activity: 1372
Merit: 1000
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June 09, 2013, 03:34:57 AM |
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debt = money system will fail...period.
its only a matter of time.
People will stop supporting it. |
Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
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Le Happy Merchant
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June 09, 2013, 03:42:08 AM |
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Great quote from this article: “Devaluing a currency is like peeing in bed,” a Federal Reserve official told The Journal. “It feels good at first, but pretty soon it becomes a real mess.” I've always said that when we can pee in our beds and not worry about it, then we will truly be living in the future. |
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worldinacoin
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June 09, 2013, 03:46:12 AM |
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USD followed by Euros followed by Yen, basically all the major economies are devaluing, wonder when will be China's turn to complete the cycle.
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Quicker_777
Newbie
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Activity: 58
Merit: 0
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June 09, 2013, 06:05:50 AM |
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Love the quote at the beginning, but the over-printing *quantitative easing* has been going on for past "N" years now. This is nothing new.
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worldinacoin
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June 09, 2013, 06:10:22 AM |
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It is actually Quantitative Easing Unlimited, even Bernanke was quite honest about this. I don't see how they can stop the QE, the money markets are all addicted to QE like Opium.
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Quicker_777
Newbie
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Activity: 58
Merit: 0
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June 09, 2013, 03:53:13 PM |
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It is actually Quantitative Easing Unlimited, even Bernanke was quite honest about this. I don't see how they can stop the QE, the money markets are all addicted to QE like Opium.
So then, how does one protect their money against inflation. Obviously leaving it in a fiat bank is not a good answer anymore for several reasons. I think they are trying to cattle-prod people into gambling in the stock market. I'm going to invest in alt currency, but I'm guessing they'll try to shut that down at some point. "Shut down all escape routes" for the money, right? |
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DPoS
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June 09, 2013, 04:28:22 PM |
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'protect money from inflation' change that to 'protect wealth from inflation', to protect wealth, you need to look at things as a 'store of value' commodities usually shine here but not 100% since supply demand will still alter the price (plus manipulation) the EASIEST way for the avg joe to protect from inflation is to buy up as many non-perishiables that that person will eventually use. Sound silly, but with all the people acting smart and chasing stocks, etc if they just rather invested heavily in toilet paper during sales and stocked up they would probably be better off in the long run (or runs as the case may be)  |
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Adrian-x
Legendary
Offline
Activity: 1372
Merit: 1000
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June 09, 2013, 05:28:10 PM |
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'protect money from inflation' change that to 'protect wealth from inflation', to protect wealth, you need to look at things as a 'store of value' commodities usually shine here but not 100% since supply demand will still alter the price (plus manipulation) the EASIEST way for the avg joe to protect from inflation is to buy up as many non-perishiables that that person will eventually use. Sound silly, but with all the people acting smart and chasing stocks, etc if they just rather invested heavily in toilet paper during sales and stocked up they would probably be better off in the long run (or runs as the case may be) You are assuming the cost of storage isn't increasing (or is free) Another idea could be to invest in technology that reduces you monthly expenditures. Just an example wind or solar power. Or in practical things that are scarce. |
Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
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DPoS
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June 09, 2013, 05:35:59 PM |
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'protect money from inflation' change that to 'protect wealth from inflation', to protect wealth, you need to look at things as a 'store of value' commodities usually shine here but not 100% since supply demand will still alter the price (plus manipulation) the EASIEST way for the avg joe to protect from inflation is to buy up as many non-perishiables that that person will eventually use. Sound silly, but with all the people acting smart and chasing stocks, etc if they just rather invested heavily in toilet paper during sales and stocked up they would probably be better off in the long run (or runs as the case may be) You are assuming the cost of storage isn't increasing (or is free) Another idea could be to invest in technology that reduces you monthly expenditures. Just an example wind or solar power. Or in practical things that are scarce. yes, energy conservation.. just hooking up wattage meters can wake people up to savings. it is like spending $3000 to host a business meeting but only making $2000 out of it.. people forget input costs..etc sometimes you get away with that on tax writeoffs, but many things that you can't or don't pay attention too homeowners waste tons of money on DIY since they don't have a lot of time and experience so they spend a lot more on tools and stuff but figure they save on labor.. if they spent their time more wisely on things they are good at and just pay someone to handle each project then they would come out ahead.. but there is the fun aspect of DIY so entertainment can creep in to thinking until it goes to hell |
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