Luno (OP)
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April 10, 2013, 05:12:53 AM |
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Just off BBC World: China and Australia have agreed to exchange AUD and Yuan directly without using the USD as exchange currency! This makes a lot of sense to the Aussies, however, this also makes Chinese money more liquid i.e. has the same effect, as if they ramped up the money press. This is maybe a smart move by the Australians as AUD now gets more backing.
This week in the currency war: Japan announces that they are printing more money, The US follows they day after, today China, so we are waiting that the Euro central bank announces the same thing today? The ECB is running out of choices fast!!
When does the backers of the ECB decide that it's backing gold no longer is the property of the Euro? Will it sudently become German, French, Spanish gold?
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mccorvic
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 10, 2013, 05:16:00 AM |
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The Australian dollar is backed by those spiders that eat birds. I wouldn't mess with that if I were you.
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Luno (OP)
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 10, 2013, 05:17:59 AM |
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The Australian dollar is backed by those spiders that eat birds. I wouldn't mess with that if I were you.
I'm not seeking investment advice, just trying to figure out what the world will look like next week!
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mccorvic
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 10, 2013, 05:21:17 AM |
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The Australian dollar is backed by those spiders that eat birds. I wouldn't mess with that if I were you.
I'm not seeking investment advice, just trying to figure out what the world will look like next week! I meant mess with like, don't say anything about them or they might send the spiders after you. Seriously, I refuse to ever travel to Australia. But I think we'll continue to see the tradition of printing money to print more money so you can print money regardless of the specific actors involved.
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pretendo
Member
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April 10, 2013, 05:22:00 AM |
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expect another economic bubble, particularly evident in certain sectors, and then another crash.
The wonders of central banking
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alexeft
Legendary
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April 10, 2013, 05:32:22 AM |
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The ECB is running out of choices fast!!
Yes, there are only so many countries in the eurozone to drown with their bare hands and then claim that the euro should be cheap without printing money. ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) But shhhhh!!! Nobody knows!!!
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Luno (OP)
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 10, 2013, 05:43:13 AM |
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Yeah Aussies are funny: strange laws: Walked down the street in Brisbane with a bud in the corner of my moth. A mother with a child approaches me in the opposite direction and covers her sons eyes while giving me the look as if I was a junkie with a needle sticking out of my fore arm.
Another time on a train I was threatend by a conducter that caught me smoking in the buffer between cars, which is as good as outside the train: "If I see you with a smoke in you hand at any time for the remainder of this journey, the train will be stopped and you will be left in the bush!". This was around 450 Mi from anything.
Male kindergarten workers can't put a band aid on a child or be alone with children!
On the other hand, most Australians I've met are really down to earth respectfull and freindly and welcoming strangers with open arms.
Well thanks for the flashback, but out of subject!!!
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MikeH
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 10, 2013, 06:24:04 AM |
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I guess this means the US will invade Australia and / or assassinate Julia Gillard.
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Luno (OP)
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 10, 2013, 06:25:33 AM |
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So yesterday at 10.00 opening hours of the European markets, a lot of gold was bought. Are the ECB doing it that way, or are some other country trying to make a buck off the panic or make things worse?
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Luno (OP)
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 10, 2013, 06:32:27 AM |
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I guess this means the US will invade Australia and / or assassinate Julia Gillard.
Iagree, this is a pretty strong message to send to the US! The world has developed a cold war mentality during the last months: The UK and many Euro countries are doing business with China and Asia in general. The US is trying to re-patriot american bulls investing internationally by making their home markets more attractive (bullish DOW). In that context all the ranting about N-Korea on CNN and other media, putting rocket launchers in Tokyo, seen in that context, is also a message to the US investor to come home and not fantasize about easy money in Asia!
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ColdHardMetal
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 10, 2013, 06:33:11 AM |
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Joining? I think they've been at it for awhile.
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jubalix
Legendary
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April 10, 2013, 06:35:16 AM |
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Yeah Aussies are funny: strange laws: Walked down the street in Brisbane with a bud in the corner of my moth. A mother with a child approaches me in the opposite direction and covers her sons eyes while giving me the look as if I was a junkie with a needle sticking out of my fore arm.
Another time on a train I was threatend by a conducter that caught me smoking in the buffer between cars, which is as good as outside the train: "If I see you with a smoke in you hand at any time for the remainder of this journey, the train will be stopped and you will be left in the bush!". This was around 450 Mi from anything.
Male kindergarten workers can't put a band aid on a child or be alone with children!
On the other hand, most Australians I've met are really down to earth respectfull and freindly and welcoming strangers with open arms.
Well thanks for the flashback, but out of subject!!!
yeah spot on
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odolvlobo
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April 10, 2013, 06:37:02 AM |
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Just off BBC World: China and Australia have agreed to exchange AUD and Yuan directly without using the USD as exchange currency! This makes a lot of sense to the Aussies, however, this also makes Chinese money more liquid i.e. has the same effect, as if they ramped up the money press. This is maybe a smart move by the Australians as AUD now gets more backing.
This week in the currency war: Japan announces that they are printing more money, The US follows they day after, today China, so we are waiting that the Euro central bank announces the same thing today? The ECB is running out of choices fast!!
When does the backers of the ECB decide that it's backing gold no longer is the property of the Euro? Will it sudently become German, French, Spanish gold?
The deal between China and Australia has been in the works for a while. China is attempting to gain a bigger presence in the world's financial system and it is trying to disentangle its financial future from the dollar. Both are very important goals for China. It is not good new for the U.S., as China and countries around the world are moving away from the dollar.
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Join an anti-signature campaign: Click ignore on the members of signature campaigns. PGP Fingerprint: 6B6BC26599EC24EF7E29A405EAF050539D0B2925 Signing address: 13GAVJo8YaAuenj6keiEykwxWUZ7jMoSLt
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Operatr
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 10, 2013, 07:52:56 AM |
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The Yuan is about one shake away from total failure as a currency as more and more of it has been printed and injected into the economy, which is essentially all debt based, and the check is coming due. Once their giant debt and housing bubbles explode, it will likely set off a chain reaction off the burst of all other economies as China's import needs are slashed as this megaconstruction will cease to exist in an instant, putting their global suppliers out of business. Those laid off employees will be unable to afford their homes, the mortgage bubbles around the world will implode, sending several industries spiraling out of control under loads of debt. This would fuel the Healthcare, student debt, and housing crisis brewing in the US until it has no choice but to default, rendering the USD worthless instantly. The Euro has already been teetering on edge, and a full collapse would spell the doom of Euro also. We'll all watch the entire world tear itself apart, setting the stage for possible martial law across the globe, maybe the first step to the New World Order or something similar occurring (Joe Biden used the exact words New World Order a couple days ago, as have many other Presidents and VPs over the years, what do you think they meant?), under the guise of benevolence. Hope for the best, but DO prepare for the worst, as many leading economists as well as the super wealthy elite are running for the hills, and that is not a good sign. I've never been much of a Doomsayer, but all of that above is happening right now and can be checked factually, and a lot of smart people see it coming, http://www.thebubblebubble.com (predicted the 2008 crash with accuracy) Get some BTC, as it might be the only currency left on Earth actually worth something soon. As the technology is robust enough to be rapidly deployed on computers and smartphones, it may well be our financial Jesus as it vacuums up the damage and converts it to a debt free economy. Once all other currencies vanish in the fire, so will the debt of those currencies. We would all be free on a cash based society again where we are our own banks and the Governments and banks lose control of the money supply. Back in our hands where it belongs. Other countries are getting away from the Dollar as it's value is inflating and probably will more rapidly as time goes on now with USD debt spiraling out of control. So no, it's not looking good...2013 could very well bring literal financial doom to our doorsteps around the world, unless something is quickly done about it 5 minutes ago. I have no faith that it will be fixed because at this point statistically and by the numbers, we as a global society cannot repay our debts in full, ever. The only choice is to start over and admit failure. There is a coming currency war, and Bitcoin is our big gun. Bring it on
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Luno (OP)
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 10, 2013, 08:51:21 AM |
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The Yuan is about one shake away from total failure as a currency as more and more of it has been printed and injected into the economy, which is essentially all debt based, and the check is coming due. Once their giant debt and housing bubbles explode, it will likely set off a chain reaction off the burst of all other economies as China's import needs are slashed as this megaconstruction will cease to exist in an instant, putting their global suppliers out of business. Those laid off employees will be unable to afford their homes, the mortgage bubbles around the world will implode, sending several industries spiraling out of control under loads of debt. This would fuel the Healthcare, student debt, and housing crisis brewing in the US until it has no choice but to default, rendering the USD worthless instantly. The Euro has already been teetering on edge, and a full collapse would spell the doom of Euro also. We'll all watch the entire world tear itself apart, setting the stage for possible martial law across the globe, maybe the first step to the New World Order or something similar occurring (Joe Biden used the exact words New World Order a couple days ago, as have many other Presidents and VPs over the years, what do you think they meant?), under the guise of benevolence. Hope for the best, but DO prepare for the worst, as many leading economists as well as the super wealthy elite are running for the hills, and that is not a good sign. I've never been much of a Doomsayer, but all of that above is happening right now and can be checked factually, and a lot of smart people see it coming, http://www.thebubblebubble.com (predicted the 2008 crash with accuracy) Get some BTC, as it might be the only currency left on Earth actually worth something soon. As the technology is robust enough to be rapidly deployed on computers and smartphones, it may well be our financial Jesus as it vacuums up the damage and converts it to a debt free economy. Once all other currencies vanish in the fire, so will the debt of those currencies. We would all be free on a cash based society again where we are our own banks and the Governments and banks lose control of the money supply. Back in our hands where it belongs. Other countries are getting away from the Dollar as it's value is inflating and probably will more rapidly as time goes on now with USD debt spiraling out of control. So no, it's not looking good...2013 could very well bring literal financial doom to our doorsteps around the world, unless something is quickly done about it 5 minutes ago. I have no faith that it will be fixed because at this point statistically and by the numbers, we as a global society cannot repay our debts in full, ever. The only choice is to start over and admit failure. There is a coming currency war, and Bitcoin is our big gun. Bring it on I completely agree, this post was also for finding out if anyone else around here have the feeling that the gauge have changed from; "world economy going for another squash the next two years" to "total disaster within two weeks"?
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Operatr
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 10, 2013, 12:08:09 PM |
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The Yuan is about one shake away from total failure as a currency as more and more of it has been printed and injected into the economy, which is essentially all debt based, and the check is coming due. Once their giant debt and housing bubbles explode, it will likely set off a chain reaction off the burst of all other economies as China's import needs are slashed as this megaconstruction will cease to exist in an instant, putting their global suppliers out of business. Those laid off employees will be unable to afford their homes, the mortgage bubbles around the world will implode, sending several industries spiraling out of control under loads of debt. This would fuel the Healthcare, student debt, and housing crisis brewing in the US until it has no choice but to default, rendering the USD worthless instantly. The Euro has already been teetering on edge, and a full collapse would spell the doom of Euro also. We'll all watch the entire world tear itself apart, setting the stage for possible martial law across the globe, maybe the first step to the New World Order or something similar occurring (Joe Biden used the exact words New World Order a couple days ago, as have many other Presidents and VPs over the years, what do you think they meant?), under the guise of benevolence. Hope for the best, but DO prepare for the worst, as many leading economists as well as the super wealthy elite are running for the hills, and that is not a good sign. I've never been much of a Doomsayer, but all of that above is happening right now and can be checked factually, and a lot of smart people see it coming, http://www.thebubblebubble.com (predicted the 2008 crash with accuracy) Get some BTC, as it might be the only currency left on Earth actually worth something soon. As the technology is robust enough to be rapidly deployed on computers and smartphones, it may well be our financial Jesus as it vacuums up the damage and converts it to a debt free economy. Once all other currencies vanish in the fire, so will the debt of those currencies. We would all be free on a cash based society again where we are our own banks and the Governments and banks lose control of the money supply. Back in our hands where it belongs. Other countries are getting away from the Dollar as it's value is inflating and probably will more rapidly as time goes on now with USD debt spiraling out of control. So no, it's not looking good...2013 could very well bring literal financial doom to our doorsteps around the world, unless something is quickly done about it 5 minutes ago. I have no faith that it will be fixed because at this point statistically and by the numbers, we as a global society cannot repay our debts in full, ever. The only choice is to start over and admit failure. There is a coming currency war, and Bitcoin is our big gun. Bring it on I completely agree, this post was also for finding out if anyone else around here have the feeling that the gauge have changed from; "world economy going for another squash the next two years" to "total disaster within two weeks"? After everything I have seen in the last few days, as I moved from learning everything I could about Bitcoin to everything about current world economics to gauge Bitcoin's future, I almost wish I didn't know what was coming. We are headed for the end of days, enjoy your life right now, literal and philosophical war is on the horizon. I've never been one of the End of the World guys, until now. It will only take one small conflict or bank failure to send it all out the window now. I am absolutely starting my own bug-out bag with my next paycheck and starting to shift assets into Bitcoin along with my own mining op. That is how real I think this is, and I hope to whatever God would hear me I am wrong and just waste my money.
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Luno (OP)
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 10, 2013, 01:27:16 PM |
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Whatever Bitcoin becomes or was intended to be, tears form in the corners of my eyes when I think how it from the very start, has been the most effective effort in human history to educate the world of it's own worst shortcomings.
A slap if the face of global banking, check. A slap in the face of corrupt politicians, check. A slap on every face on the planet for wishing a world where economics is a fantasy where everybody gets more each year, ...checked in a few months.
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BitcoinAshley
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 10, 2013, 01:28:38 PM |
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The Australian dollar is backed by those spiders that eat birds. I wouldn't mess with that if I were you.
That spider is SRS BSNS. But there are also the birds that eat sheep kidneys. Yes, you heard me correctly. Farmers cut down all the berry trees that the birds usually fed from, to clear space for sheep fields, so they adapted by landing on the sheeps' backs and devouring their kidneys. Australia's a fucked up place. I'm never going there. ![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif)
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oakpacific
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 10, 2013, 01:33:33 PM |
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The Yuan is about one shake away from total failure as a currency as more and more of it has been printed and injected into the economy, which is essentially all debt based, and the check is coming due. Once their giant debt and housing bubbles explode, it will likely set off a chain reaction off the burst of all other economies as China's import needs are slashed as this megaconstruction will cease to exist in an instant, putting their global suppliers out of business. Those laid off employees will be unable to afford their homes, the mortgage bubbles around the world will implode, sending several industries spiraling out of control under loads of debt. This would fuel the Healthcare, student debt, and housing crisis brewing in the US until it has no choice but to default, rendering the USD worthless instantly. The Euro has already been teetering on edge, and a full collapse would spell the doom of Euro also. We'll all watch the entire world tear itself apart, setting the stage for possible martial law across the globe, maybe the first step to the New World Order or something similar occurring (Joe Biden used the exact words New World Order a couple days ago, as have many other Presidents and VPs over the years, what do you think they meant?), under the guise of benevolence. Hope for the best, but DO prepare for the worst, as many leading economists as well as the super wealthy elite are running for the hills, and that is not a good sign. I've never been much of a Doomsayer, but all of that above is happening right now and can be checked factually, and a lot of smart people see it coming, http://www.thebubblebubble.com (predicted the 2008 crash with accuracy) Get some BTC, as it might be the only currency left on Earth actually worth something soon. As the technology is robust enough to be rapidly deployed on computers and smartphones, it may well be our financial Jesus as it vacuums up the damage and converts it to a debt free economy. Once all other currencies vanish in the fire, so will the debt of those currencies. We would all be free on a cash based society again where we are our own banks and the Governments and banks lose control of the money supply. Back in our hands where it belongs. Other countries are getting away from the Dollar as it's value is inflating and probably will more rapidly as time goes on now with USD debt spiraling out of control. So no, it's not looking good...2013 could very well bring literal financial doom to our doorsteps around the world, unless something is quickly done about it 5 minutes ago. I have no faith that it will be fixed because at this point statistically and by the numbers, we as a global society cannot repay our debts in full, ever. The only choice is to start over and admit failure. There is a coming currency war, and Bitcoin is our big gun. Bring it on I completely agree, this post was also for finding out if anyone else around here have the feeling that the gauge have changed from; "world economy going for another squash the next two years" to "total disaster within two weeks"? After everything I have seen in the last few days, as I moved from learning everything I could about Bitcoin to everything about current world economics to gauge Bitcoin's future, I almost wish I didn't know what was coming. We are headed for the end of days, enjoy your life right now, literal and philosophical war is on the horizon. I've never been one of the End of the World guys, until now. It will only take one small conflict or bank failure to send it all out the window now. I am absolutely starting my own bug-out bag with my next paycheck and starting to shift assets into Bitcoin along with my own mining op. That is how real I think this is, and I hope to whatever God would hear me I am wrong and just waste my money. Depressing and exciting all at the same, strange feeling isn't it?
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wormbog
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 10, 2013, 01:54:08 PM |
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Crushing debt can sink the economies of a few nations, but it can't throw the entire world into anarchy. Debt is just a way to quantify an agreement between two parties. In a global financial collapse, the nation or nations with the largest military will default on all debt and issue a new currency. It may even provide the opportunity to unite most of the world under a single global currency.
Unfortunately it's very unlikely that currency will be bitcoin.
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