johnyj (OP)
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Beyond Imagination
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September 18, 2013, 10:52:28 PM |
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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GoldenWings91
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September 18, 2013, 11:04:10 PM |
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How can they stop printing at this point without crashing the markets?
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sublime5447
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September 18, 2013, 11:06:18 PM |
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I seriously doubt that 27 percent have any idea what it is.
Dont you love how the Fed comes out and says that the ecomomy is shit and then market rallies
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johnyj (OP)
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Beyond Imagination
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September 18, 2013, 11:10:51 PM |
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If more than 50% of adults know, there will be a crisis for sure. FED's main job is disguise what they are doing, and so far they invented so many strange terms to cover the simple fact -- "money printing" When people finally realized what is really happened, they will turn to bitcoin one by one
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foggyb
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September 18, 2013, 11:15:55 PM |
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DUH. Of course they're not going to end QE, they're not suicidal just yet.
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Pumpkin
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September 18, 2013, 11:31:02 PM |
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Stock and bond bubbles continue to be inflated! Will be good holding bitcoin when they blow
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Lethn
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September 19, 2013, 09:27:49 AM |
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How can they stop printing at this point without crashing the markets?
They can't, that's why they're keeping it going oh and Peter Schiff called them out on not halting QE months ago.
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xxjs
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September 19, 2013, 09:40:58 AM |
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How can they stop printing at this point without crashing the markets?
They can't, that's why they're keeping it going oh and Peter Schiff called them out on not halting QE months ago. Also Marc Faber, if you trust him more.
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Lethn
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September 19, 2013, 09:49:39 AM |
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I've only seen a little bit of Marc Faber but I liked what he had to say
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001sonkit
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September 19, 2013, 10:11:56 AM |
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As long as you Americans not paying back our loan with your own money. They will continue to print more crap to pay us back. Hedge your position with us loans or bitcoin. You choose!
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GEMINI ACCOUNT REVIEW - Source of Funds Request
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Morbid
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September 19, 2013, 11:05:14 AM |
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ohh boy seems like something terrible is bound to happen sooner than later..
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Eastwind
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September 19, 2013, 11:14:42 AM |
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If more than 50% of adults know, there will be a crisis for sure. FED's main job is disguise what they are doing, and so far they invented so many strange terms to cover the simple fact -- "money printing" When people finally realized what is really happened, they will turn to bitcoin one by one +1
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Foxpup
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Vile Vixen and Miss Bitcointalk 2021-2023
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September 19, 2013, 11:34:23 AM |
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and how about that gold basement fire in new york couple of months back?
That was just an apartment building, as everybody who bothered to actually check the address would know.
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Will pretend to do unspeakable things (while actually eating a taco) for bitcoins: 1K6d1EviQKX3SVKjPYmJGyWBb1avbmCFM4I am not on the scammers' paradise known as Telegram! Do not believe anyone claiming to be me off-forum without a signed message from the above address! Accept no excuses and make no exceptions!
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xxjs
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September 19, 2013, 11:54:43 AM Last edit: September 19, 2013, 12:34:49 PM by xxjs |
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What Bernanke did say, which is correct, is that there is only so much any central bank can do. They have some tools, and they can use those, but not more.
What is really needed is a stop to random redistribution of wealth through government, and massive deregulation. Let the prices, including interest rate, signal to the actors what is valuable and what is not. Its is not in the Fed's toolbox.
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LiteCoinGuy
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In Satoshi I Trust
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September 19, 2013, 02:26:34 PM |
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TTBit
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September 19, 2013, 02:40:19 PM |
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ohh boy seems like something terrible is bound to happen sooner than later..
I agree. The Fed was expected to taper, and they didn't. I see this leading to more and more people wondering if it will ever stop.
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good judgment comes from experience, and experience comes from bad judgment
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RodeoX
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The revolution will be monetized!
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September 19, 2013, 02:41:53 PM |
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Great to see my tax dollars being used to prop up criminality. I wish I was to big to jail.
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Buffer Overflow
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September 19, 2013, 02:52:02 PM |
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We don't do QE in Bitcoin.
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johnyj (OP)
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Beyond Imagination
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September 19, 2013, 05:21:08 PM |
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Why do they always use lots of vague terms like tightening, easing, tool box, taper ... when in reality it is only two actions: print more money or print less money
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CurbsideProphet
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September 19, 2013, 05:43:13 PM |
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How can they stop printing at this point without crashing the markets?
They can't. Cheap money has turned from stimulus to entitlement.
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1ProphetnvP8ju2SxxRvVvyzCtTXDgLPJV
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Morbid
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September 19, 2013, 08:47:06 PM |
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I agree. The Fed was expected to taper, and they didn't. I see this leading to more and more people wondering if it will ever stop.
the way i see it fed are doing QE every couple of years now indicating that they are buying some time for themselves. if we dont get another QE in 2015 then we need to brace ourselves as doom will be around the corner...
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bassclef
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September 20, 2013, 12:29:31 AM |
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Of course they're not going to end QE. It's the only thing propping up the markets since the 2008 crash.
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Adrian-x
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September 20, 2013, 12:56:25 AM |
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The FED is holding on, waiting for Bitcoin to mature.
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Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
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Operatr
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September 20, 2013, 01:13:38 AM |
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This is the end game, the FED has basically admitted now that it can't stop QE and has no exit plan of any kind.
Though the unthinkable approaches as fiat nears its end, I can't wait to see how Bitcoin responds. If it was anything like Cyprus we may be in for a big surprise.
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johnyj (OP)
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Beyond Imagination
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September 20, 2013, 11:15:36 AM |
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I think they still have lots of room
It is easy to bribe people with printed money, so that eventually every one is bribed. Imagine that average Joe suddenly get a job with $10K per month, even the job itself is useless, he won't question it. And more importantly, he won't care about that some bankers earned $100K per month during the process
Commercial banks are like black hole, newly printed money must first satisfy their need and then the extra part will flow out to the society. For each 10 dollar went into commercial banks, maybe only 1 dollar eventually spent and created job
The only concern is hyperinflation, but that will not happen as long as the money printing speed is less than 100% per year and there are assets continuously absorb the extra money supply. Average Joe will not eat double amount of beef per day if his income doubled, but he might spend 100% more on his mortgage and get a newer larger house. That will not impact CPI directly
There is another concern about concentrated production power, e.g. a few multinational enterprises command most of the production in the world, thus rest of the people become jobless. But same, if they are bribed with enough money, they will eventually hire more and more people doing useless things, at mean time accumulate magnitudes higher money
And just like bitcoin, most of those money will first be hoarded when people's saving preference is high, but if the economy really improved after a while and those money are losing their value quickly, they will rush out to chase other things, thus accelerate the inflation. It is possible that we will see a 20% interest rate on USD by that time, maybe even a 50% interest rate can not save it
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Pumpkin
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September 20, 2013, 10:19:09 PM |
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This really did not suprise the followers of the Austrian school of economics (Peter Schiff and many others).
As important as this is, it would be wishful thinking this will destroy the dollar. It will not. As long as the world accepts dollars, the Fed can print much much more and for a very long time.
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Morbid
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September 21, 2013, 12:07:15 PM Last edit: September 21, 2013, 11:31:17 PM by Morbid |
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This really did not suprise the followers of the Austrian school of economics (Peter Schiff and many others).
As important as this is, it would be wishful thinking this will destroy the dollar. It will not. As long as the world accepts dollars, the Fed can print much much more and for a very long time.
the problem is that big corporations observe how this is playing up.. there is a battle going on between rothchild and rockefeller clans. rocefeller's fed got over reliant of usd so they started to spin their reserve gold to make usd stronger believing that usd will stay where it was. now rothchild's biggest gold reserves are being moved to china/hong kong. it seems goldman sach in 2008 orcestrated the crash to cripple fed's dollar to the point for them to drain last of the gold reserves to cover national debt. in 2008 they didnt do that indicating that they simply dont have any gold there. the fed was expected to bring out the gold but that didnt happen. by doing first qe they shot themselves in the foot as by doing so they devalue the same dollar that they need to keep trust in. so all these wars happening is rockefellers last resort to throw overinflated dollar into new forced markets in puppet countries around the world. if usa went to syria last month then we wouldnt have a new qe. since they announced new qe it pretty much confirms that they still didnt manage to come out with any gold - obviously the clan will never put their own gold/wealth into saving their creation but use public's wealth instead via inflation. its all pretty devastating as usd is in neverending vortex as debt increases much faster than supply so more qes will follow OR default which will collapse the empire. now as we go in time whats stopping big whales (corporations) to stop accepting usd due to its constant devaluation and jump onto any other non-usd related currency? - nothing. once that happens usd will dip, other big entities will notice that and will also follow, once chain reaction begins it will default dollar within days. by the time the public is informed they will close the banks. with no money supply the looting will start immediately as all shops will close (why do they need to sell something for nothing). in first week food will ran out in supermarkets. no police. anarchy. criminals will emerge out of woodwork and there would be people with most guns holding onto areas. best scenario is to go out of populated areas as on second week we will experience hunger. the other currencies like eur or gbp will experience same thing almost immediatly as stock exchanges will crash their currencies as mass sale of stock begins. people.. get prepared. be smart.
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Lethn
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September 21, 2013, 09:53:12 PM |
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This really did not suprise the followers of the Austrian school of economics (Peter Schiff and many others).
As important as this is, it would be wishful thinking this will destroy the dollar. It will not. As long as the world accepts dollars, the Fed can print much much more and for a very long time.
Sure, they will, until a loaf of bread costs $10000000
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viboracecata
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Varanida : Fair & Transparent Digital Ecosystem
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September 22, 2013, 06:21:28 AM |
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this will not effect bitcoin price.
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LiteCoinGuy
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In Satoshi I Trust
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September 22, 2013, 11:50:44 AM |
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oh look, there he is
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Pumpkin
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September 22, 2013, 12:17:51 PM |
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Except the helicopter money only goes to a very small number of selected people
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Adrian-x
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September 22, 2013, 09:13:15 PM |
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Except the helicopter money only goes to a very small number of selected people Only because it is too heavy to drop from a helicopter and you have to use trucks.
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Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
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Pumpkin
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September 22, 2013, 10:17:19 PM |
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OMG You, sir, should be the next Fed chairman!
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Alpaca Bob
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September 22, 2013, 11:20:04 PM |
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The FED is holding on, waiting for Bitcoin to mature.
That would be the plot-twist of the century.
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The Times 03/Jan/2009 Chancellor on brink of second bailout for banks
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knight22
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--------------->¿?
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September 23, 2013, 05:10:21 PM |
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QE is soooo effective, we should do the same to stimulate the bitcoin economy -sarcasm-
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Adrian-x
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September 23, 2013, 06:34:14 PM |
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The inflation can already be seen in the housing market pre bubble, the inflation has eaten away productivity gains, and the economy is only being sustained by extreme environmental "erotion". QE is filling in the void made by debt used to finance the housing bubble and malinvesting, in industrialisation that accelerates resource extraction enabling overconsumption. QE money won't be released into the economy; it is intended to keep the status quo. The wealth we create in servicing the hosing bubble, and in general overconsumption of goods provided by mega corporations who have leveraged debt. The new money being created is work done in the economy settling debt based malinvestments.
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Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
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Whtwabbit
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September 24, 2013, 09:27:56 AM |
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Bitcoin is the white knight that will slice off the 'Monster from Jekyll Island's head!
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██████████ ██████████████████ ██████████████████████ ██████████████████████████ ████████████████████████████ ██████████████████████████████ ████████████████████████████████ ████████████████████████████████ ██████████████████████████████████ ██████████████████████████████████ ██████████████████████████████████ ██████████████████████████████████ ██████████████████████████████████ ████████████████████████████████ ██████████████ ██████████████ ████████████████████████████ ██████████████████████████ ██████████████████████ ██████████████████ ██████████ Monero
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| "The difference between bad and well-developed digital cash will determine whether we have a dictatorship or a real democracy." David Chaum 1996 "Fungibility provides privacy as a side effect." Adam Back 2014
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Morbid
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September 24, 2013, 06:02:17 PM |
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CurbsideProphet
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September 24, 2013, 06:55:07 PM |
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No end to QE? Here's my shocked face
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1ProphetnvP8ju2SxxRvVvyzCtTXDgLPJV
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Mageant
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September 27, 2013, 07:03:04 PM |
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Why do they always use lots of vague terms like tightening, easing, tool box, taper ... when in reality it is only two actions: print more money or print less money They have to sound sophisticated, like they're doing something that's really hard to do.
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cjgames.com
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johnyj (OP)
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Beyond Imagination
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September 28, 2013, 11:12:03 AM |
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Why do they always use lots of vague terms like tightening, easing, tool box, taper ... when in reality it is only two actions: print more money or print less money They have to sound sophisticated, like they're doing something that's really hard to do. So does bitcoin mining, but that is really hard to do
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awesomeami
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October 01, 2013, 11:24:54 AM |
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Even if so - with QE economy can't be better. At least not in this case.
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xxjs
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October 01, 2013, 11:50:39 AM |
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The Fed is supposedly transparent - but from the last speach He (yes there is a god complex) made it clear that anything can happen, supposedly based on data, but the Fed analyzes those data and decides the trigger levels.
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allthingsluxury
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October 07, 2013, 11:43:49 PM |
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It's QE to infinity. The double speak will continue.
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Gold & Silver Financial News: Silver Liberation Army, Gold & Silver News, Geopolitical & Financial News, Jim Rickards Blog, Marc Faber Blog, Jim Rogers Blog, Peter Schiff Blog, David Morgan Blog, James Turk Blog, Eric Sprott Blog, Gerald Celente Blog
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