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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1807744 times)
NewLiberty
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August 26, 2014, 04:56:27 PM
 #11201

Looking at the chart above the total consumer debt is about 12 trillion. A thought that comes to mind is the total QE balance comparable in size?

If it's remotely comparable in size then it looks as if the banks got a free card to collect interest on money they created and use that money to inflate asset prices and then have us the taxpayer guarantees the loans with QE.


Add capital gains to the mix, and the inflated prices cycle back money to the treasury.
Its the best racket in the game.  Its almost like cheating, being the bank.


FREE MONEY1 Bitcoin for Silver and Gold NewLibertyDollar.com and now BITCOIN SPECIE (silver 1 ozt) shows value by QR
Bulk premiums as low as .0012 BTC "BETTER, MORE COLLECTIBLE, AND CHEAPER THAN SILVER EAGLES" 1Free of Government
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August 26, 2014, 05:03:05 PM
 #11202

Looking at the chart above the total consumer debt is about 12 trillion. A thought that comes to mind is the total QE balance comparable in size?

If it's remotely comparable in size then it looks as if the banks got a free card to collect interest on money they created and use that money to inflate asset prices and then have us the taxpayer guarantees the loans with QE.


Add capital gains to the mix, and the inflated prices cycle back money to the treasury.
Its the best racket in the game.  Its almost like cheating, being the bank.



the money used to back stop the financial sector during 2008 could easily have been deployed to pay off every single underwater mortgage in the US.  Geithner, Paulson, Bernanke had a choice and they chose to bail out their bosses on Wall St instead.
NewLiberty
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Gresham's Lawyer


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August 26, 2014, 05:03:57 PM
 #11203

mortgages are still the main component of household debt:



http://www.newyorkfed.org/householdcredit/2013-Q4/HHDC_2013Q4.pdf

Student loans the fastest growing debt.
They are getting them younger.
The education can't be taken away, but you also can't pass it on to your heirs.
It is as ephemeral as it is inalienable.

FREE MONEY1 Bitcoin for Silver and Gold NewLibertyDollar.com and now BITCOIN SPECIE (silver 1 ozt) shows value by QR
Bulk premiums as low as .0012 BTC "BETTER, MORE COLLECTIBLE, AND CHEAPER THAN SILVER EAGLES" 1Free of Government
cypherdoc
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August 26, 2014, 05:31:46 PM
 #11204

got these suckers on the run.  leverage UP!:

justusranvier
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August 26, 2014, 05:39:19 PM
 #11205

Student loans the fastest growing debt.
They are getting them younger.
The education can't be taken away, but you also can't pass it on to your heirs.
It is as ephemeral as it is inalienable.
worse than that, college provides students with schooling, not education.

Any education may occur is purely accidental and contrary to the goal of producing well-schooled students.
cypherdoc
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August 26, 2014, 05:40:33 PM
 #11206

look the hell out gold & silver:

cypherdoc
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August 26, 2014, 05:42:09 PM
 #11207

Student loans the fastest growing debt.
They are getting them younger.
The education can't be taken away, but you also can't pass it on to your heirs.
It is as ephemeral as it is inalienable.
worse than that, college provides students with schooling, not education.

Any education may occur is purely accidental and contrary to the goal of producing well-schooled students.

not dischargeable in BK either
smoothie
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LEALANA Monero Physical Silver Coins


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August 26, 2014, 05:51:06 PM
 #11208


I see they accept litecoin also based on their checkout system.  Grin

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. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.        SMOOTHIE'S HEALTH AND FITNESS JOURNAL          History of Monero development Visualization ★☆ .
LEALANA  PHYSICAL MONERO COINS 999 FINE SILVER.
 
smoothie
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August 26, 2014, 05:53:01 PM
 #11209

Student loans the fastest growing debt.
They are getting them younger.
The education can't be taken away, but you also can't pass it on to your heirs.
It is as ephemeral as it is inalienable.
worse than that, college provides students with schooling, not education.

Any education may occur is purely accidental and contrary to the goal of producing well-schooled students.

Agreed.

They don't teach students to think for themselves and to question authority and what is being taught to them so they can come to their own conclusions.

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███████████████████████████████████████

. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.        SMOOTHIE'S HEALTH AND FITNESS JOURNAL          History of Monero development Visualization ★☆ .
LEALANA  PHYSICAL MONERO COINS 999 FINE SILVER.
 
NewLiberty
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Gresham's Lawyer


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August 26, 2014, 05:56:38 PM
 #11210


here's the Wences video:  https://www.youtube.com/watch?v=NERAN-89j8M


^ Wences talk is an absolute must-watch. Can't believe I hadn't seen it 'till now. He's spot on about everything: history and purpose of money, properties of money, money as memory, gold's role until now, bitcoin replacing gold, perspective on reserve currencies, opinion that bitcoin is a store of value first, and that it's fundamental promise is as ideal money (not all the other bells and whistles that are so popular lately).

And ya gotta watch through the end of the (brief) comment period to see where he aptly dismisses alt-coins.

I've obviously been aware of Wences' resume since the first Xapo funding* was announced, but I now realize he's even more of an asset to bitcoin than I'd originally realized.

Anyways, thanks for the link cypher.


*sidenote: Xapo is the best-funded bitcoin company to date (~$40m total, IIRC), in case anyone didn't realize.

From the sounds of his talk, there's a chance he lurks this thread. Some of us predate him.

Its funny that.  XBT-card.com has more code in the bag + patents approved (not pending), but not the funding.  They should partner, or something.

FREE MONEY1 Bitcoin for Silver and Gold NewLibertyDollar.com and now BITCOIN SPECIE (silver 1 ozt) shows value by QR
Bulk premiums as low as .0012 BTC "BETTER, MORE COLLECTIBLE, AND CHEAPER THAN SILVER EAGLES" 1Free of Government
cypherdoc
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August 26, 2014, 06:06:13 PM
 #11211

Discus @ 22% with ghash @ 21%.  Free market discipline at work!

User705
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August 26, 2014, 06:24:07 PM
 #11212

Unless you know 100% that discus and ghash are in no way related that statement is 100% fluffy BS.
cypherdoc
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August 26, 2014, 06:28:35 PM
 #11213

Unless you know 100% that discus and ghash are in no way related that statement is 100% fluffy BS.

lol!  always worrying aren't you?
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August 26, 2014, 06:33:27 PM
 #11214

Unless you know 100% that discus and ghash are in no way related that statement is 100% fluffy BS.

lol!  always worrying aren't you?
just like you are always advertising!  Lol
Wink
But actually no.  The promising takeaway from that chart is the large unknown %.  But in the end, the real world economics of a double spend makes anyone over 51% irrelevant.  So they'll double spend once and then lose a lot more from the fallout.  There's no point to even worry about it currently. 
cypherdoc
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August 26, 2014, 06:36:53 PM
 #11215


But actually no.  The promising takeaway from that chart is the large unknown %.  But in the end, the real world economics of a double spend makes anyone over 51% irrelevant.  So they'll double spend once and then lose a lot more from the fallout.  There's no point to even worry about it currently. 

omg!!! you've had The Epiphany!  finally!

and it just won't stop!:

User705
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August 26, 2014, 06:51:44 PM
 #11216

I do follow your thread.
Wink
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August 26, 2014, 07:24:33 PM
 #11217

I do follow your thread.
Wink

Then can you please give a reference to your statement of 100.000 new bitcoin users per day. I'm willing to bet you are off with at least one order of magnitude.
rocks
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August 26, 2014, 07:25:43 PM
 #11218

mortgages are still the main component of household debt:



http://www.newyorkfed.org/householdcredit/2013-Q4/HHDC_2013Q4.pdf

Student loans the fastest growing debt.
They are getting them younger.
The education can't be taken away, but you also can't pass it on to your heirs.
It is as ephemeral as it is inalienable.

I see this chart pop up from site to site. It's usually used to "demonstrate" that the US has been deleveraging and all is well.

Add public debt to this (Federal and State/Local) and then for good measure throw on unfunded liabilities. The amount of leverage in the system is continuing to grow exponentially.
cypherdoc
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August 26, 2014, 07:33:25 PM
 #11219

mortgages are still the main component of household debt:



http://www.newyorkfed.org/householdcredit/2013-Q4/HHDC_2013Q4.pdf

Student loans the fastest growing debt.
They are getting them younger.
The education can't be taken away, but you also can't pass it on to your heirs.
It is as ephemeral as it is inalienable.

I see this chart pop up from site to site. It's usually used to "demonstrate" that the US has been deleveraging and all is well.

Add public debt to this (Federal and State/Local) and then for good measure throw on unfunded liabilities. The amount of leverage in the system is continuing to grow exponentially.

http://www.usgovernmentdebt.us/
cypherdoc
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August 26, 2014, 08:00:04 PM
 #11220

huh, we may have the beginnings of a Dow Theory non-confirmation starting just today.  i'll have to watch this carefully.
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