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"This isn't the kind of software where we can leave so many unresolved bugs that we need a tracker for them." -- Satoshi
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logictense
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September 20, 2014, 07:48:14 PM |
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I think for now the economy is healed/healing, all is fixed, no need to worry or be concerned. How is it the government and the media or ...? have presented this issue in such a manner so as to create a veil and thus insulate us and detour in some way?
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leannemckim46
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September 20, 2014, 08:46:11 PM |
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I think for now the economy is healed/healing, all is fixed, no need to worry or be concerned. How is it the government and the media or ...? have presented this issue in such a manner so as to create a veil and thus insulate us and detour in some way?
I can say with a very good amount of certainty that this is not correct, however I also do not think that the author of the article in the OP is correct either. The recovery of the US economy has largely been driven by QE which cannot last forever. The rate of the recovery has been mediocre at best. |
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SeaofBTC
Newbie
 Offline
Activity: 43
Merit: 0
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September 20, 2014, 09:44:40 PM |
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Lots of doom and gloom "economists." They yell it for 5-10 years, then a slump or recession finally hits and they go SEE??
No different than any other speculator who only points out when they are finally right, ignoring all the times they were wrong.
Peter Schiff loves to point out how he "predicted" the last recession, and he's been predicting another for some time again. He was predicting the last recession for years, and has been predicting the next already for years.
When the next one comes, he'll go "SEE!!??" again.
In reality, and some might argue he does this, he should instead be not pointing out how is predictions were "correct" and "Timely," but should be using these recessions to show why the debt-based monetary supply doesn't work. He likes to toot his own horn too much though and the more important, prove-able, point is often missed.
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shawshankinmate37927
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September 20, 2014, 11:48:16 PM |
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Not hard to predict. It's not like we are in unchartered territory. |
"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." - Henry Ford
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Oscilson
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September 21, 2014, 08:10:06 AM |
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As long as the money supply is manipulated by bankers, crisis is inevitable.
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waterpile
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September 21, 2014, 09:45:40 AM |
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then its better to buckle up and survive that incoming crisis
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TaunSew
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September 21, 2014, 10:13:14 AM |
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As long as the money supply is manipulated by bankers, crisis is inevitable.
How so? Other then record low velocity, they can keep on printing money out of thin air or on a keyboard with fractional reserve banking. If you attempt a bank run, like Occupied Wallstreet tried several times, they just blame "technical errors" and close shop and the bank panic is adverted. |
There ain't no Revolution like a NEMolution. The only solution is Bitcoin's dissolution! NEM!
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Oscilson
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September 21, 2014, 10:21:38 AM |
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As long as the money supply is manipulated by bankers, crisis is inevitable.
How so? Other then record low velocity, they can keep on printing money out of thin air or on a keyboard with fractional reserve banking. If you attempt a bank run, like Occupied Wallstreet tried several times, they just blame "technical errors" and close shop and the bank panic is adverted. Printing money, if not managed (manipulated) properly, can cause hyper inflation, like what happened in Argentina, Zimbabwe. |
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TaunSew
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September 21, 2014, 10:29:09 AM |
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As long as the money supply is manipulated by bankers, crisis is inevitable.
How so? Other then record low velocity, they can keep on printing money out of thin air or on a keyboard with fractional reserve banking. If you attempt a bank run, like Occupied Wallstreet tried several times, they just blame "technical errors" and close shop and the bank panic is adverted. Printing money, if not managed (manipulated) properly, can cause hyper inflation, like what happened in Argentina, Zimbabwe. True but you're forgetting about the $Petro dollar. Any inflation which occurs within the US and in developed countries is countered by foreign demand for the currency. The BRIC and OPEC countries is essentially subsidizing the standard of living in the west. |
There ain't no Revolution like a NEMolution. The only solution is Bitcoin's dissolution! NEM!
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Oscilson
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September 21, 2014, 10:45:15 AM |
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As long as the money supply is manipulated by bankers, crisis is inevitable.
How so? Other then record low velocity, they can keep on printing money out of thin air or on a keyboard with fractional reserve banking. If you attempt a bank run, like Occupied Wallstreet tried several times, they just blame "technical errors" and close shop and the bank panic is adverted. Printing money, if not managed (manipulated) properly, can cause hyper inflation, like what happened in Argentina, Zimbabwe. True but you're forgetting about the $Petro dollar. Any inflation which occurs within the US and in developed countries is countered by foreign demand for the currency. The BRIC and OPEC countries is essentially subsidizing the standard of living in the west. But if there is hyper inflation, foreigners will discard USD, that is when the trouble starts. The situation is quite delicate at the moment. Foreigners own a lot of US treasury bills. When they have no confidence in USD, they will dump that. |
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TaunSew
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September 21, 2014, 10:57:43 AM |
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As long as the money supply is manipulated by bankers, crisis is inevitable.
How so? Other then record low velocity, they can keep on printing money out of thin air or on a keyboard with fractional reserve banking. If you attempt a bank run, like Occupied Wallstreet tried several times, they just blame "technical errors" and close shop and the bank panic is adverted. Printing money, if not managed (manipulated) properly, can cause hyper inflation, like what happened in Argentina, Zimbabwe. True but you're forgetting about the $Petro dollar. Any inflation which occurs within the US and in developed countries is countered by foreign demand for the currency. The BRIC and OPEC countries is essentially subsidizing the standard of living in the west. But if there is hyper inflation, foreigners will discard USD, that is when the trouble starts. The situation is quite delicate at the moment. Foreigners own a lot of US treasury bills. When they have no confidence in USD, they will dump that. I guess so. The fear years ago was the Euro replacing the $USD but it didn't materialize for different reasons. Chinese Yaun could be a concern in the long run, as recently brought up by the publicity with Alibaba IPO. |
There ain't no Revolution like a NEMolution. The only solution is Bitcoin's dissolution! NEM!
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logictense
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September 21, 2014, 11:48:31 AM |
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I think for now the economy is healed/healing, all is fixed, no need to worry or be concerned. How is it the government and the media or ...? have presented this issue in such a manner so as to create a veil and thus insulate us and detour in some way?
I can say with a very good amount of certainty that this is not correct, however I also do not think that the author of the article in the OP is correct either. The recovery of the US economy has largely been driven by QE which cannot last forever. The rate of the recovery has been mediocre at best. QE is just a primitive blueprint. It is running to encourage huge investors to back stocks and corporate debt and thus permanently creates financial bubbles and excessive inflation. All this were designed under the pretence that enabling rich people and institutions to buy assets helps the economy to grow. From wiki, QE is targeted to stimulate the economy when "standard monetary policy has become ineffective". Under these circumstances only elita could determine it is ineffective. |
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mustang77
Newbie
Offline
Activity: 56
Merit: 0
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September 21, 2014, 04:34:15 PM |
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Crisis just make assets more valuable, metals and Bitcoin will go up.
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FredDag
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September 21, 2014, 08:08:59 PM |
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If only there were some chance if war... That would save us from another economic crisis.
/sarcasm
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Coinshot
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September 21, 2014, 08:50:35 PM |
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Feels bad to wish the worst, but this will help prices. I am not happy seeing the value of my small holdings go down.
Maybe this will lead to a Cyprus like rally.
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Borisz
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September 21, 2014, 09:04:34 PM |
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Lots of doom and gloom "economists." They yell it for 5-10 years, then a slump or recession finally hits and they go SEE??
No different than any other speculator who only points out when they are finally right, ignoring all the times they were wrong.
Peter Schiff loves to point out how he "predicted" the last recession, and he's been predicting another for some time again. He was predicting the last recession for years, and has been predicting the next already for years.
When the next one comes, he'll go "SEE!!??" again.
In reality, and some might argue he does this, he should instead be not pointing out how is predictions were "correct" and "Timely," but should be using these recessions to show why the debt-based monetary supply doesn't work. He likes to toot his own horn too much though and the more important, prove-able, point is often missed.
So true. If you keep saying that the inevitable will happen, then you can be proud of yourself for predicting it when it actually happens. [...]If the crisis will happen, it will be good for bitcoin I think. People will use it as safe haven asset.
Will they use it as safe haven? All I see recently is that if there is some big outside market movement the price falls by 70-100$. |
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