notme
Legendary
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Activity: 1904
Merit: 1002
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June 07, 2013, 11:31:33 AM |
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It's a common sense that empolyees never questioned the profit of the company even their salary is only 1% of the CEO's bonus Same for money, there is no inflation since those banks pocketed all the newly printed money, for every one dollar of inflation, they pocketed 99, that's the reason even after 4x increase of money supply, there is barely some inflation. Anyway, no one cares as long as their milk price do not rise http://www.agweb.com/article/usda_predicts_higher_milk_prices_for_2013/A 3% increase? When there is 400% increase in money supply Stocks, mortgages, and bonds.
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johnyj
Legendary
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Activity: 1988
Merit: 1012
Beyond Imagination
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June 07, 2013, 11:32:49 AM |
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It's a common sense that empolyees never questioned the profit of the company even their salary is only 1% of the CEO's bonus Same for money, there is no inflation since those banks pocketed all the newly printed money, for every one dollar of inflation, they pocketed 99, that's the reason even after 4x increase of money supply, there is barely some inflation. Anyway, no one cares as long as their milk price do not rise http://www.agweb.com/article/usda_predicts_higher_milk_prices_for_2013/A 3% increase? When there is 400% increase in money supply Stocks, mortgages, and bonds. Exactly, these are mostly bank's holdings. Print money to support the price of my own assets, is there any business better than that?
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notme
Legendary
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Activity: 1904
Merit: 1002
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June 07, 2013, 11:39:55 AM |
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It's a common sense that empolyees never questioned the profit of the company even their salary is only 1% of the CEO's bonus Same for money, there is no inflation since those banks pocketed all the newly printed money, for every one dollar of inflation, they pocketed 99, that's the reason even after 4x increase of money supply, there is barely some inflation. Anyway, no one cares as long as their milk price do not rise http://www.agweb.com/article/usda_predicts_higher_milk_prices_for_2013/A 3% increase? When there is 400% increase in money supply Stocks, mortgages, and bonds. Exactly, these are mostly bank's holdings. Print money to support the price of my own assets, is there any business better than that? I agree. And don't forget: If we make a really bad bet, we just have to make sure everybody goes down with us and then the government will bail us out.
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Odalv
Legendary
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Activity: 1414
Merit: 1000
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June 08, 2013, 08:17:18 PM |
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Since the federal reserve was established 100 years ago, the US dollar has devalued by 98%
They call it 2% inflation. (1.02 ^ 100 = 7,25 => 86%/100 year ) expected: During 100 years $1 had to inflate into $0.14 (2% inflation) reality: $1 inflated to $0.02-$0.04 (inflation is 3.5-7 times higher )
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Jakewell
Newbie
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Activity: 56
Merit: 0
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June 08, 2013, 08:32:50 PM |
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People always seem to think that BTC is overvalued and that we are currently in the great bubble of 2013 with only one possible outcome... Down.
But allow me to warp your mind around: There is no bubble, we are actually in a great depression, the depression of FIAT! BTC isn't going up, it's FIAT that's going down! Every day your FIAT is worth a little less.
BTC has decreasing inflation, FIAT has increasing inflation!
in the 2012 i bought the last iphone for 700 dll, and this year i can buy the new iphone for the same usd amount.. so the bubble is on bitcoin, not in the fiat..
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Odalv
Legendary
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Activity: 1414
Merit: 1000
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June 08, 2013, 08:39:27 PM |
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People always seem to think that BTC is overvalued and that we are currently in the great bubble of 2013 with only one possible outcome... Down.
But allow me to warp your mind around: There is no bubble, we are actually in a great depression, the depression of FIAT! BTC isn't going up, it's FIAT that's going down! Every day your FIAT is worth a little less.
BTC has decreasing inflation, FIAT has increasing inflation!
in the 2012 i bought the last iphone for 700 dll, and this year i can buy the new iphone for the same usd amount.. so the bubble is on bitcoin, not in the fiat.. With same amount of bitcoins you can now buy $110/$5 -> 20 iphones
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ktttn
Full Member
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Activity: 126
Merit: 100
Capitalism is the crisis.
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June 09, 2013, 09:34:04 AM |
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People always seem to think that BTC is overvalued and that we are currently in the great bubble of 2013 with only one possible outcome... Down.
But allow me to warp your mind around: There is no bubble, we are actually in a great depression, the depression of FIAT! BTC isn't going up, it's FIAT that's going down! Every day your FIAT is worth a little less.
BTC has decreasing inflation, FIAT has increasing inflation!
in the 2012 i bought the last iphone for 700 dll, and this year i can buy the new iphone for the same usd amount.. so the bubble is on bitcoin, not in the fiat.. With same amount of bitcoins you can now buy $110/$5 -> 20 iphones Techno Mr. Bojangles with that many iPhones. Bitcoin is nextlevel better. We're shockingly lucky any amount of fiat can still part a bitcoin from its owner.
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Wit all my solidarities, -ktttn Ever see a gutterpunk spanging for cryptocoins? LfkJXVy8DanHm6aKegnmzvY8ZJuw8Dp4Qc
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