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Norway
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September 17, 2015, 05:59:47 PM |
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30 seconds...
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"If you don't want people to know you're a scumbag then don't be a scumbag." -- margaritahuyan
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ChartBuddy
Legendary
 Offline
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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September 17, 2015, 06:03:47 PM |
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PoolMinor
Legendary
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Activity: 1843
Merit: 1338
XXXVII Fnord is toast without bread
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September 17, 2015, 06:07:33 PM |
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hdbuck
Legendary
Offline
Activity: 1260
Merit: 1002
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September 17, 2015, 06:13:15 PM |
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lol, how surprising. i thought the US revived its "growth" and that its economy was "healthy" as ever?  |
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nioc
Legendary
Offline
Activity: 1624
Merit: 1008
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September 17, 2015, 06:14:01 PM |
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A velvet-roped library
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hdbuck
Legendary
Offline
Activity: 1260
Merit: 1002
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September 17, 2015, 06:15:01 PM |
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Patel
Legendary
Offline
Activity: 1321
Merit: 1007
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September 17, 2015, 06:29:52 PM |
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Everyone yells doom for the past so many years, and it just doesn't happen.
I am convinced the dollar collapse, market crash, and all the other doom bullshit is not gonna happen anytime in the near future.
They are gonna milk this bubble as long as they can.
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billyjoeallen
Legendary
Offline
Activity: 1106
Merit: 1007
Hide your women
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September 17, 2015, 06:38:40 PM |
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lol, how surprising. i thought the US revived its "growth" and that its economy was "healthy" as ever? Rates are going to go negative before they go up (which is prolly never). The banks have effectively zero reserves if you account for underperforming loans, so the only capital they have to lend out is money they borrow from the Fed at lower interest rates than they charge. There is no way out of this trap. If they book the loan losses, they become (or more accurately are revealed to be) insolvent. It's not a fractional reserve system anymore. It's a zero reserve system kept on life support by a zero interest rate policy. There is no real capital formation, only loans available with the source ultimately everybody who holds any amount of cash. Money conjured from thin air is value stolen from existing currency holders. No wonder we saw this BTC spike today. Fiat is radioactive and you need to get rid of it as fast as possible and park wealth in anything that will hold it's value. I got a call today from out of the blue from a finance company offering to lend me money with no credit check. I wasn't following the news. Now I know why they are getting that desperate. There are no credit-worthy borrowers left who want to borrow, so they are pushing out to subprime again. Just like in 2007. Madness. |
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SmoothCurves
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September 17, 2015, 06:59:36 PM |
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Everyone yells doom for the past so many years, and it just doesn't happen.
I am convinced the dollar collapse, market crash, and all the other doom bullshit is not gonna happen anytime in the near future.
They are gonna milk this bubble as long as they can.
The crashes happen on or very near election years. See: 1987, 2000, 2008, 2016 (probably) |
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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September 17, 2015, 07:00:03 PM |
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Fatman3001
Legendary
Offline
Activity: 1526
Merit: 1013
Make Bitcoin glow with ENIAC
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September 17, 2015, 07:03:53 PM |
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Everyone yells doom for the past so many years, and it just doesn't happen.
I am convinced the dollar collapse, market crash, and all the other doom bullshit is not gonna happen anytime in the near future.
They are gonna milk this bubble as long as they can.
The crashes happen on or very near election years. See: 1987, 2000, 2008, 2016 (probably) It will be between Donald Trump and Bernie Sanders. What could go wrong? |
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ChartBuddy
Legendary
Offline
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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September 17, 2015, 07:04:37 PM |
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PoolMinor
Legendary
Offline
Activity: 1843
Merit: 1338
XXXVII Fnord is toast without bread
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September 17, 2015, 07:05:10 PM |
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Everyone yells doom for the past so many years, and it just doesn't happen.
I am convinced the dollar collapse, market crash, and all the other doom bullshit is not gonna happen anytime in the near future.
They are gonna milk this bubble as long as they can.
The crashes happen on or very near election years. See: 1987, 2000, 2008, 2016 (probably) Don't forget the SHEMITAH. |
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xyzzy099
Legendary
 Online
Activity: 1063
Merit: 1048
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September 17, 2015, 07:06:41 PM |
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The banks have effectively zero reserves
Uhm, the last time I looked, they had about $2.5 trillion in excess reserves (that is, above and beyond what they are legally required to hold).  |
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macsga
Legendary
Offline
Activity: 1484
Merit: 1002
Strange, yet attractive.
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September 17, 2015, 07:28:06 PM |
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Everyone yells doom for the past so many years, and it just doesn't happen.
I am convinced the dollar collapse, market crash, and all the other doom bullshit is not gonna happen anytime in the near future.
They are gonna milk this bubble as long as they can.
Often claimed the very same about DOW. There's absolutely no difference if the top is 5K 15K or 50K as several people have predicted in the past. It's nothing but a number. What is truly at stake is WHERE the excess money is at? And most importantly, what the one(s) who has the pile is gonna do with it? Doom? Nah. Just ordinary manipulation of the whole planet. |
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tommorisonwebdesign
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September 17, 2015, 07:38:07 PM |
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Everyone yells doom for the past so many years, and it just doesn't happen.
I am convinced the dollar collapse, market crash, and all the other doom bullshit is not gonna happen anytime in the near future.
They are gonna milk this bubble as long as they can.
Often claimed the very same about DOW. There's absolutely no difference if the top is 5K 15K or 50K as several people have predicted in the past. It's nothing but a number. What is truly at stake is WHERE the excess money is at? And most importantly, what the one(s) who has the pile is gonna do with it? Doom? Nah. Just ordinary manipulation of the whole planet. The dollar is probably not going to collapse for quite a while. China's stock market may crash, the global wealth gets shuffled, and the price of Bitcoin goes up. Best times to sell as far as I'm concerned. |
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billyjoeallen
Legendary
Offline
Activity: 1106
Merit: 1007
Hide your women
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September 17, 2015, 07:40:00 PM |
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The banks have effectively zero reserves
Uhm, the last time I looked, they had about $2.5 trillion in excess reserves (that is, above and beyond what they are legally required to hold). Congratulations on taking a snip of a sentence without quoting the whole thing, Genius. I said the banks have effectively zero reserves "If you account for underperforming loans" This includes bonds from Greece, Puerto Rico, junk bonds, mortgages on homes with negative equity, etc. What an asshole. |
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xyzzy099
Legendary
Online
Activity: 1063
Merit: 1048
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September 17, 2015, 07:47:33 PM |
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The banks have effectively zero reserves
Uhm, the last time I looked, they had about $2.5 trillion in excess reserves (that is, above and beyond what they are legally required to hold). Congratulations on taking a snip of a sentence without quoting the whole thing, Genius. I said the banks have effectively zero reserves "If you account for underperforming loans" This includes bonds from Greece, Puerto Rico, junk bonds, mortgages on homes with negative equity, etc. What an asshole. Dude, for someone I once mistook as intelligent, you sure post a lot of crap nowadays. Are you just staying drunk 24/7 nowadays? You really believe the banks have $2.5T plus required reserves in 'underperforming loans'? That number is at least as big as the total current M1. That graph is actually a lot more interesting than you seem to realize, in multiple ways. |
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