Elwar (OP)
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Viva Ut Vivas
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June 28, 2013, 08:04:54 PM |
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It looks like the dollar is a bubble that is about to burst.
Enjoy the crash suckers.
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First seastead company actually selling sea homes: Ocean Builders https://ocean.builders Of course we accept bitcoin.
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vokain
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Activity: 1834
Merit: 1019
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June 28, 2013, 08:07:34 PM |
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why, if interest rates are still super low. if they have to go up eventually, shouldn't that mean that the dollar will go up when interest rates go up?
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Elwar (OP)
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Activity: 3598
Merit: 2386
Viva Ut Vivas
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June 28, 2013, 08:14:41 PM |
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why, if interest rates are still super low. if they have to go up eventually, shouldn't that mean that the dollar will go up when interest rates go up?
The Federal Reserve is currently borrowing over 80% of the Treasury Bonds which are used to fund the printing of money for the Federal Reserve and rising. Meaning less than 20% of our money creation is being supported. When that hits 0% there is no place to go from there, it will mean that the world has lost all faith in the dollar. All of the hype about the dollar as of late is a fit of desperation, expect more from the government media as they try to save what is left of the failed currency.
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First seastead company actually selling sea homes: Ocean Builders https://ocean.builders Of course we accept bitcoin.
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chriswilmer
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Merit: 1000
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June 28, 2013, 08:16:11 PM |
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why, if interest rates are still super low. if they have to go up eventually, shouldn't that mean that the dollar will go up when interest rates go up?
The Federal Reserve is currently borrowing over 80% of the Treasury Bonds which are used to fund the printing of money for the Federal Reserve and rising. Meaning less than 20% of our money creation is being supported. When that hits 0% there is no place to go from there, it will mean that the world has lost all faith in the dollar. All of the hype about the dollar as of late is a fit of desperation, expect more from the government media as they try to save what is left of the failed currency. +1
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SkRRJyTC
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June 28, 2013, 09:09:35 PM |
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BitSmile
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June 28, 2013, 10:03:47 PM |
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What a fine asian lady...she's eager for a phallus.
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Nemo1024
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June 28, 2013, 10:13:40 PM |
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What US Treasury is doing in reality, is printing counterfeit dollars. Just like fake money printed by criminals, these dollars are not backed up by goods or demand and are harming the real economy.
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“Dark times lie ahead of us and there will be a time when we must choose between what is easy and what is right.” “We are only as strong as we are united, as weak as we are divided.” “It is important to fight and fight again, and keep fighting, for only then can evil be kept at bay, though never quite eradicated.”
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herzmeister
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June 28, 2013, 10:35:27 PM |
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It looks like the dollar is a bubble that is about to burst.
Enjoy the crash suckers.
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cbeast
Donator
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Activity: 1736
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Let's talk governance, lipstick, and pigs.
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June 28, 2013, 10:49:50 PM |
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Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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bitleif
Sr. Member
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Activity: 351
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I'm always grumpy in the morning.
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June 28, 2013, 11:55:27 PM |
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USD is in de-facto deflation right now. It may collapse at some point, but don't expect it to happen in the immediate future.
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vokain
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Activity: 1834
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June 29, 2013, 12:22:44 AM |
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USD is in de-facto deflation right now. It may collapse at some point, but don't expect it to happen in the immediate future.
Is that correct? If a currency is deflating, then there are going to be less in circulation => higher relative value
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glendall
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Buzz App - Spin wheel, farm rewards
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June 29, 2013, 02:33:25 AM |
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DElfation? Hrmm am I missing somethng. You meant inflation right?
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Coinseeker
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June 29, 2013, 02:36:49 AM |
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King dollar isn't going anywhere. Bitcoin will be a stain on a wikipedia page before the dollar dies.
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If your ignore button isn't glowing, you're doing it wrong.
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vokain
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June 29, 2013, 02:42:10 AM |
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DElfation? Hrmm am I missing somethng. You meant inflation right?
The concepts are easily confused. The dollar is definitely inflating, as in the supply of dollars is increasing, but the demand of dollars relative to it is increasing even more. Something about higher inflation rates in other countries creating demand for a relatively less inflating currency, pyramid of fiat, etc Bitcoins man, bitcoins.
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CurbsideProphet
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June 29, 2013, 03:15:11 AM |
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An increase in money supply does not result in an increase in inflation. It takes an increase in money supply and an increase in velocity in order to cause inflation. If you're only talking about half the equation, you're going to get the wrong answer every single time.
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1ProphetnvP8ju2SxxRvVvyzCtTXDgLPJV
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HappyBitCoinUser
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June 29, 2013, 09:58:37 PM |
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Yes, BTC is POP! Double Digits woohoo! Can't wait to buy me some penny BTC's
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naphto
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June 29, 2013, 10:13:54 PM |
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It looks like the dollar is a bubble that is about to burst.
Enjoy the crash suckers.
You can say whatever you want, but who cares?
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Qoheleth
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Spurn wild goose chases. Seek that which endures.
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June 29, 2013, 10:33:23 PM |
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The Federal Reserve is currently borrowing over 80% of the Treasury Bonds which are used to fund the printing of money for the Federal Reserve and rising.
Meaning less than 20% of our money creation is being supported. You do realize that treasury bonds usually have nothing to do with money creation, right? The usual way that MZM grows is via the discount window and/or the exponential expansion characteristics of fractional reserve banking, not anything to do with federal borrowing. I mean, sure, if the Fed's M0 expansion is resulting in them holding 80% of newly issued federal debt, that's pretty disturbing. But... it's not like the Fed outbidding everyone in that particular market means that "the dollar is dead". It just means that people have better things to do with their money than sink it into sub-inflation 30-year loans. What US Treasury is doing in reality, is printing counterfeit dollars. Just like fake money printed by criminals, these dollars are not backed up by goods or demand and are harming the real economy.
By that standard, all dollars since Nixon have been counterfeit. I'm not saying that's wrong, but it's a bit strange to blame the Treasury for the "unbacked" nature of post-Bretton Woods FRNs.
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If there is something that will make Bitcoin succeed, it is growth of utility - greater quantity and variety of goods and services offered for BTC. If there is something that will make Bitcoin fail, it is the prevalence of users convinced that BTC is a magic box that will turn them into millionaires, and of the con-artists who have followed them here to devour them.
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