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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1808599 times)
cypherdoc
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September 22, 2014, 02:57:21 AM
 #12501

10yr UST futures Note turning up tonite.  Moar black hole sh*t:
...


USTs will be the last man standing.

at the expense of the USD?
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cypherdoc
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September 22, 2014, 03:02:10 AM
 #12502

the tinder is still to be lit:

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September 22, 2014, 03:22:58 AM
 #12503

WSJ: "Is It Time to Invest in Bitcoin?"

http://online.wsj.com/articles/how-to-deficer-cryptocurrencies-1411333011

Well, they got the title right, but degrades to quotes from Rickards shilling for theoretic alt-platforms toward the end. :/

Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
But Bitcointalk & /r/bitcoin are heavily censored. bitco.in/forum, forum.bitcoin.com, and /r/btc are open.
Best info on Casascius coins: http://spotcoins.com/casascius
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September 22, 2014, 03:24:21 AM
 #12504

10yr UST futures Note turning up tonite.  Moar black hole sh*t:
...


USTs will be the last man standing.

at the expense of the USD?


Yup.

Just like Japan is doing with the Yen. Buy all the bonds! M2 be damned!

Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
But Bitcointalk & /r/bitcoin are heavily censored. bitco.in/forum, forum.bitcoin.com, and /r/btc are open.
Best info on Casascius coins: http://spotcoins.com/casascius
cypherdoc
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September 22, 2014, 03:28:54 AM
 #12505

WSJ: "Is It Time to Invest in Bitcoin?"

http://online.wsj.com/articles/how-to-deficer-cryptocurrencies-1411333011

Well, they got the title right, but degrades to quotes from Rickards shilling for theoretic alt-platforms toward the end. :/

James Rickards, a financier and author, says he sees potential in technologies that process faster, cheaper and more transparent exchanges that go beyond trading money. Companies using these new technologies, he says, "allow consumers to buy products or to send payments in seconds at a fraction of the cost" of regular currency.

that's actually very good for him
cypherdoc
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September 22, 2014, 03:36:11 AM
 #12506

10yr UST futures Note turning up tonite.  Moar black hole sh*t:
...


USTs will be the last man standing.

at the expense of the USD?


Yup.

Just like Japan is doing with the Yen. Buy all the bonds! M2 be damned!

sounds about right to me. 

Moar Blackhole sh*t!
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September 22, 2014, 03:41:51 AM
 #12507

WSJ: "Is It Time to Invest in Bitcoin?"

http://online.wsj.com/articles/how-to-deficer-cryptocurrencies-1411333011

Well, they got the title right, but degrades to quotes from Rickards shilling for theoretic alt-platforms toward the end. :/

James Rickards, a financier and author, says he sees potential in technologies that process faster, cheaper and more transparent exchanges that go beyond trading money. Companies using these new technologies, he says, "allow consumers to buy products or to send payments in seconds at a fraction of the cost" of regular currency.

that's actually very good for him
He's been increasingly positive on crypto currency.  In sort of a cagey way, he mentioned it positively in his latest book too.
He still sees gold as the endgame for the dollar though.

He figures that when dollar hegemony fails, all the others will go with it and the US will be the first to issue a gold backed currency, and thereby regaining currency hegemony.  Bitcoin is potentially a game changer though.  If it progresses in time.

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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September 22, 2014, 04:41:20 AM
 #12508

copper futures:



oil futures about to break support:



CAT heading down:

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September 22, 2014, 04:54:46 AM
 #12509

copper futures:



oil futures about to break support:



CAT heading down:



Any theory why so many commodities are heading down at the moment? Especially when QE is still going strong.

Manipulation perhaps?
cypherdoc
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September 22, 2014, 04:58:45 AM
 #12510


Any theory why so many commodities are heading down at the moment? Especially when QE is still going strong.

Manipulation perhaps?

QE's all gone to the wrong places, ie, the deflationary black hole of UST's and Fed Excess Reserves.  not to mention the stock mkt.
SecureExchange
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September 22, 2014, 05:03:45 AM
 #12511

shorts on bfx at 1 month (or longer) high > 10 kBTC





this definitely sounds promising
cypherdoc
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September 22, 2014, 05:11:26 AM
 #12512

Squeeze tightening
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September 22, 2014, 05:16:43 AM
 #12513

I still think that bitcoin will be the "ultimate" game-changer as how people will value e-currency
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September 22, 2014, 06:13:51 AM
 #12514

shorts on bfx at 1 month (or longer) high > 10 kBTC





yeah, i like the looks of that.

I'll get excited once the ratio of longs / shorts drops below BTCUSD price. Currently it's at 2000 USD/BTC.


PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
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September 22, 2014, 06:14:53 AM
 #12515

oh my.  we've entered silver free fall.  there's no support until about 13.43:

hmm, should I buy at $15 or at $5?

Maybe I'll do both...

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
Zarathustra
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September 22, 2014, 06:24:43 AM
 #12516

Before the agricultural revolution, it took humanity about one million years on average to develop enough infrastructure/capability to support an additional one million humans living at subsistence levels. After the agricultural revolution, that changed to talking only a few hundred years. Now, after the industrial revolution, that takes 90 minutes on average.

There are huge side effects:
http://www.worldwildlife.org/threats/soil-erosion-and-degradation

That's important but the kicker is overall economic growth, we're moving from a meme of more to a meme of better. The problem is the centers of control are working from the ideology of Co opting / controlling the supply of more. Monopolies have no value when people find alternatives,  micro electronics, alternate energy and food security technologies like aquaponics (oh and money) are reshaping everything.

Forget it, Adrian.

In economics, the Jevons paradox (/ˈdʒɛvənz/; sometimes Jevons effect) is the proposition that as technology progresses, the increase in efficiency with which a resource is used tends to increase (rather than decrease) the rate of consumption of that resource.[1] In 1865, the English economist William Stanley Jevons observed that technological improvements that increased the efficiency of coal-use led to the increased consumption of coal in a wide range of industries. He argued that, contrary to common intuition, technological improvements could not be relied upon to reduce fuel consumption.[2]

The issue has been re-examined by modern economists studying consumption rebound effects from improved energy efficiency. In addition to reducing the amount needed for a given use, improved efficiency lowers the relative cost of using a resource, which tends to increase the quantity of the resource demanded, potentially counteracting any savings from increased efficiency. Additionally, increased efficiency accelerates economic growth, further increasing the demand for resources. The Jevons paradox occurs when the effect from increased demand predominates, causing resource use to increase


http://en.wikipedia.org/wiki/Jevons_paradox

I'm aware of Jevons_paradox, but much smarter people than me (Satosi) know it's only supply and demand that brings it into equilibrium. The divergence in usage as a result of innovation also express it's self in an economy as art and culture ultimately this is enriched experiences.

We won't find a comfortable equilibrium with constant economic growth as managed under the target of central banks.


With or without central banks: "a comfortable equilibrium with constant economic growth" is an oxymoron.
An economy is a collectivist organisation (state bastard), and:

"Essentially, the economy is an engine that transforms resources into waste."

http://www.financialsense.com/contributors/ugo-bardi/2011/07/22/entropy-peak-oil-and-stoic-philosophy-part-2

An economy is by extension part of an ecosystem, entropy is a feature, one which drives the evolution of life. Waste as president in you referenced material is a byproduct of an economy artificially stimulated by monetarist policy.

The homo oeconomicus is an artificially stimulated homo sapiens. Monetarist policies are a byproduct of that artificial life.

Touche, but I'm of the opinion we're seeing evolution in progress of a more powerful meme, it is taking hold in this very thread not only usurping the central bank (the armory of the monetarists) but its former long standing champion gold.

But just after writing "waste = food" I realised there is one type of waste which is actually waste and that is spent uranium.

The homo oeconomicus does not produce food. It's junk (food). The result of such an 'evolution in progress' at an artificially enforced (state, church, money) - and therefore exponentially increasing speed - is a species captured in an evolutionary cul-de-sac. At the moment we are watching the 'finale furioso'. Within the last 50 years, the bmi changed more than within one million years before.
Crypto will terminate the economy and the society (which is organised violence / collectivism). It leads to the rebirth of the community and therefore the rebirth of the homo sapiens.

"Staat nenne ich's, wo alle Gifttrinker sind, Gute und Schlimme: Staat, wo alle sich selber verlieren, Gute und Schlimme:
Staat, wo der langsame Selbstmord aller – »das Leben« heisst."
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September 22, 2014, 07:18:14 AM
 #12517


Any theory why so many commodities are heading down at the moment? Especially when QE is still going strong.

Manipulation perhaps?

QE's all gone to the wrong places, ie, the deflationary black hole of UST's and Fed Excess Reserves.  not to mention the stock mkt.

It could be the beginning of a hyperdeflation. These indicators are all early stages in the production structure, which would see low prices first. But no use to blame me if it does not happen.
landonbridge
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September 22, 2014, 01:37:07 PM
 #12518

Not true.. All of this not true.
kehtolo
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September 22, 2014, 01:50:27 PM
 #12519

Not true.. All of this not true.

You what? The whole thread? Or just certain sections you disagree with.. care to elaborate?

The last 24 hours were critical but the next 24 hours are criticaller!
Erdogan
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September 22, 2014, 02:06:12 PM
 #12520

Not true.. All of this not true.

You what? The whole thread? Or just certain sections you disagree with.. care to elaborate?

Maybe he means humanity, as we know it.
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