Bitcoin Forum
December 12, 2017, 09:37:13 AM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Poll
Question: Will you support Gavin's new block size limit hard fork of 8MB by January 1, 2016 then doubling every 2 years?
1.  yes
2.  no

Pages: « 1 ... 1096 1097 1098 1099 1100 1101 1102 1103 1104 1105 1106 1107 1108 1109 1110 1111 1112 1113 1114 1115 1116 1117 1118 1119 1120 1121 1122 1123 1124 1125 1126 1127 1128 1129 1130 1131 1132 1133 1134 1135 1136 1137 1138 1139 1140 1141 1142 1143 1144 1145 [1146] 1147 1148 1149 1150 1151 1152 1153 1154 1155 1156 1157 1158 1159 1160 1161 1162 1163 1164 1165 1166 1167 1168 1169 1170 1171 1172 1173 1174 1175 1176 1177 1178 1179 1180 1181 1182 1183 1184 1185 1186 1187 1188 1189 1190 1191 1192 1193 1194 1195 1196 ... 1558 »
  Print  
Author Topic: Gold collapsing. Bitcoin UP.  (Read 2022212 times)
Pruden
Hero Member
*****
Offline Offline

Activity: 487

Spanish Bitcoin trader


View Profile
April 20, 2015, 04:09:48 PM
 #22901



Grexit seems almost inevitable these days.

http://www.theguardian.com/business/2015/apr/16/greece-moves-step-closer-to-grexit-after-imf-snub

After that all eyes will be on Spain and Podemos.

Spain won't vote anything radical. Although Podemos will be part of many governments in the next few years, it won't win any relevant election. Part of it is due to the fact that it won't gain support from the right now that TPTB are very obviously backing the "new" right-wing party Ciudadanos (Citizens). With the People's Party (PP) dead, with every treasurer in its history facing court, and employment recovery not yet clear, they were surely going to pull something out of the hat.

Be careful not to drop into the mainstream by what you hear in the media.

(oh, look, the stocks are bouncing and transports refuse to break down even with oil rallying for days, who would have thunk it?)
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1513071433
Hero Member
*
Offline Offline

Posts: 1513071433

View Profile Personal Message (Offline)

Ignore
1513071433
Reply with quote  #2

1513071433
Report to moderator
1513071433
Hero Member
*
Offline Offline

Posts: 1513071433

View Profile Personal Message (Offline)

Ignore
1513071433
Reply with quote  #2

1513071433
Report to moderator
1513071433
Hero Member
*
Offline Offline

Posts: 1513071433

View Profile Personal Message (Offline)

Ignore
1513071433
Reply with quote  #2

1513071433
Report to moderator
hdbuck
Legendary
*
Offline Offline

Activity: 1274



View Profile
April 20, 2015, 04:44:58 PM
 #22902



Grexit seems almost inevitable these days.

http://www.theguardian.com/business/2015/apr/16/greece-moves-step-closer-to-grexit-after-imf-snub

After that all eyes will be on Spain and Podemos.

Spain won't vote anything radical. Although Podemos will be part of many governments in the next few years, it won't win any relevant election. Part of it is due to the fact that it won't gain support from the right now that TPTB are very obviously backing the "new" right-wing party Ciudadanos (Citizens). With the People's Party (PP) dead, with every treasurer in its history facing court, and employment recovery not yet clear, they were surely going to pull something out of the hat.

Be careful not to drop into the mainstream by what you hear in the media.

(oh, look, the stocks are bouncing and transports refuse to break down even with oil rallying for days, who would have thunk it?)

ORLY? euphemism much?

1 spanish out of 4 is unemployed: http://www.tradingeconomics.com/spain/unemployment-rate
youth unemployement rate over 50% since 2012: http://www.tradingeconomics.com/spain/youth-unemployment-rate
(and these are just "official" numbers.. )

Spain is drowning and TPTB is doing everything to maintain the status quo whilst enjoying canapés et petits fours over at Bruxelles.
Pretty much the same with all the governments in Europe. Cheesy
rocks
Legendary
*
Offline Offline

Activity: 1149


View Profile
April 20, 2015, 05:57:28 PM
 #22903



Grexit seems almost inevitable these days.

http://www.theguardian.com/business/2015/apr/16/greece-moves-step-closer-to-grexit-after-imf-snub

After that all eyes will be on Spain and Podemos.

Spain won't vote anything radical. Although Podemos will be part of many governments in the next few years, it won't win any relevant election. Part of it is due to the fact that it won't gain support from the right now that TPTB are very obviously backing the "new" right-wing party Ciudadanos (Citizens). With the People's Party (PP) dead, with every treasurer in its history facing court, and employment recovery not yet clear, they were surely going to pull something out of the hat.

Be careful not to drop into the mainstream by what you hear in the media.

(oh, look, the stocks are bouncing and transports refuse to break down even with oil rallying for days, who would have thunk it?)

ORLY? euphemism much?

1 spanish out of 4 is unemployed: http://www.tradingeconomics.com/spain/unemployment-rate
youth unemployement rate over 50% since 2012: http://www.tradingeconomics.com/spain/youth-unemployment-rate
(and these are just "official" numbers.. )

Spain is drowning and TPTB is doing everything to maintain the status quo whilst enjoying canapés et petits fours over at Bruxelles.
Pretty much the same with all the governments in Europe. Cheesy

If the US calculated unemployment the same way as Spain does, the US would be well above 25% unemployment today.

The US unemployment calculation has been modified and manipulated to show good numbers over the past 50 years. The headline number today is the U3 rate, but we used to show the U6 number which included underemployed as well. On top of this none of these numbers include people who dropped out of the workforce and are now on entitlements (which is unemployed). You add this all up and we are well past 25%. If the government ever runs out of entitlement money people are going to see just how bad the employment situation really is.

But we live in the era of twitter politics that generate headlines such as "Unemployment dropped to 5.6% under Obama", never mind the fact that Obama changed the calculation a bit to hit that number, and the number is complete bullshit.
rocks
Legendary
*
Offline Offline

Activity: 1149


View Profile
April 20, 2015, 06:07:57 PM
 #22904

...
Thanks for this great Austrian-style analysis.

Yeah, you 2 have made my job alot easier these days. Thanks for that.

Thanks for maintaining a great thread. I used to be quite active at ZH '09-'13 and took solace there, but the ZH comment section significantly degenerated and all the decent original posters abandoned it which is a shame. This thread helps to fill that void....
lunarboy
Hero Member
*****
Offline Offline

Activity: 544



View Profile
April 20, 2015, 06:56:06 PM
 #22905



Grexit seems almost inevitable these days.

http://www.theguardian.com/business/2015/apr/16/greece-moves-step-closer-to-grexit-after-imf-snub

After that all eyes will be on Spain and Podemos.

Spain won't vote anything radical. Although Podemos will be part of many governments in the next few years, it won't win any relevant election. Part of it is due to the fact that it won't gain support from the right now that TPTB are very obviously backing the "new" right-wing party Ciudadanos (Citizens). With the People's Party (PP) dead, with every treasurer in its history facing court, and employment recovery not yet clear, they were surely going to pull something out of the hat.

Be careful not to drop into the mainstream by what you hear in the media.

(oh, look, the stocks are bouncing and transports refuse to break down even with oil rallying for days, who would have thunk it?)

I wouldn't be so sure about that, many people said the same of Syriza. Besides I wasn't really insinuating they would win los Generales. More that there is serious discontent in spain you only have to look at how many under 30's are leaving for South America, or the levels of youth unemployment to see that. With this strength they can apply some heavy political influence on whoever does win. I suspect a hung parliament with PP.

mainstream-media is a dirty word  Tongue
rocks
Legendary
*
Offline Offline

Activity: 1149


View Profile
April 20, 2015, 07:11:28 PM
 #22906

Kansas Activist Could Face Felony Charges Because Her 11-Year-Old Son Challenged Anti-Pot Propaganda
http://reason.com/blog/2015/04/20/kansas-activist-could-face-felony-charge#.ofyk1n:vjid

and

Kansas Police Shutdown Cannabis Oil Activist's Facebook to Prevent her from raising money for her legal defense
http://kansasexposed.org/2015/04/17/kansas-police-shutdown-cannabis-oil-activists-facebook-to-prevent-her-from-raising-money-for-her-legal-defense/

If only we had some mechanism to transmit money without state control....
solex
Legendary
*
Offline Offline

Activity: 1078


100 satoshis -> ISO code


View Profile
April 20, 2015, 07:26:34 PM
 #22907

If the US calculated unemployment the same way as Spain does, the US would be well above 25% unemployment today.

The US unemployment calculation has been modified and manipulated to show good numbers over the past 50 years. The headline number today is the U3 rate, but we used to show the U6 number which included underemployed as well. On top of this none of these numbers include people who dropped out of the workforce and are now on entitlements (which is unemployed). You add this all up and we are well past 25%. If the government ever runs out of entitlement money people are going to see just how bad the employment situation really is.

But we live in the era of twitter politics that generate headlines such as "Unemployment dropped to 5.6% under Obama", never mind the fact that Obama changed the calculation a bit to hit that number, and the number is complete bullshit.

Yes, the numbers are so distorted they have lost historical significance. 100 years ago government workers were counted as unemployed as they were funded from taxation, not the productive economy. Not only does the debt-based financial system need a reset button, so do economic statistics.

rocks
Legendary
*
Offline Offline

Activity: 1149


View Profile
April 20, 2015, 07:29:48 PM
 #22908

If the US calculated unemployment the same way as Spain does, the US would be well above 25% unemployment today.

The US unemployment calculation has been modified and manipulated to show good numbers over the past 50 years. The headline number today is the U3 rate, but we used to show the U6 number which included underemployed as well. On top of this none of these numbers include people who dropped out of the workforce and are now on entitlements (which is unemployed). You add this all up and we are well past 25%. If the government ever runs out of entitlement money people are going to see just how bad the employment situation really is.

But we live in the era of twitter politics that generate headlines such as "Unemployment dropped to 5.6% under Obama", never mind the fact that Obama changed the calculation a bit to hit that number, and the number is complete bullshit.

Yes, the numbers are so distorted they have lost historical significance. 100 years ago government workers were counted as unemployed as they were funded from taxation, not the productive economy. Not only does the debt-based financial system need a reset button, so do economic statistics.

Really? That's awesome, I didn't know that. Any references? Not that it mattered to the calculation anyway since government workers only comprised an insignificant fraction of the working population.
Spaceman_Spiff
Legendary
*
Offline Offline

Activity: 1638


₪``Campaign Manager´´₪


View Profile
April 20, 2015, 07:54:52 PM
 #22909

If the US calculated unemployment the same way as Spain does, the US would be well above 25% unemployment today.

The US unemployment calculation has been modified and manipulated to show good numbers over the past 50 years. The headline number today is the U3 rate, but we used to show the U6 number which included underemployed as well. On top of this none of these numbers include people who dropped out of the workforce and are now on entitlements (which is unemployed). You add this all up and we are well past 25%. If the government ever runs out of entitlement money people are going to see just how bad the employment situation really is.

But we live in the era of twitter politics that generate headlines such as "Unemployment dropped to 5.6% under Obama", never mind the fact that Obama changed the calculation a bit to hit that number, and the number is complete bullshit.

Yes, the numbers are so distorted they have lost historical significance. 100 years ago government workers were counted as unemployed as they were funded from taxation, not the productive economy. Not only does the debt-based financial system need a reset button, so do economic statistics.
I know we are in liberterian territory on this forum, but that's a bit much.  Whether a service is provided by a private firm or the government doesn't really matter as long as the service is being provided (and at the same or a similar cost).  Obviously, it can be argued that the private sector allocates capital more efficiently, and that government structure leads to squandering, but considering every job that is paid by the government as non-existent is a clear error (inb4 every government job does harm).
sidhujag
Legendary
*
Offline Offline

Activity: 1666


View Profile
April 20, 2015, 08:13:41 PM
 #22910

another alttime high for stocks comin up

★☆★Syscoin - Decentralized Marketplace and Multisig Platform
Pay with Bitcoin, ZCash and many more
For more visit Syscoin.org  ★☆★
rocks
Legendary
*
Offline Offline

Activity: 1149


View Profile
April 20, 2015, 08:29:43 PM
 #22911

If the US calculated unemployment the same way as Spain does, the US would be well above 25% unemployment today.

The US unemployment calculation has been modified and manipulated to show good numbers over the past 50 years. The headline number today is the U3 rate, but we used to show the U6 number which included underemployed as well. On top of this none of these numbers include people who dropped out of the workforce and are now on entitlements (which is unemployed). You add this all up and we are well past 25%. If the government ever runs out of entitlement money people are going to see just how bad the employment situation really is.

But we live in the era of twitter politics that generate headlines such as "Unemployment dropped to 5.6% under Obama", never mind the fact that Obama changed the calculation a bit to hit that number, and the number is complete bullshit.

Yes, the numbers are so distorted they have lost historical significance. 100 years ago government workers were counted as unemployed as they were funded from taxation, not the productive economy. Not only does the debt-based financial system need a reset button, so do economic statistics.
I know we are in liberterian territory on this forum, but that's a bit much.  Whether a service is provided by a private firm or the government doesn't really matter as long as the service is being provided (and at the same or a similar cost).  Obviously, it can be argued that the private sector allocates capital more efficiently, and that government structure leads to squandering, but considering every job that is paid by the government as non-existent is a clear error (inb4 every government job does harm).

Government jobs are not representative of production, they are representative of consumption.

That is not a statement that there should be no government jobs, there are of course a whole set of services that are required for a functioning society (courts, education, etc). But again, there are services for the well-being of a society, not production.

In viewing these services as production, we have allowed them to grow and grow and grow, to the point that the US consumes many more services than it produces. This works great as long as the US has a printing press combined with being the global reserve asset. But this over consumption of services is a misallocation of resources, services that are no longer supported by production.

Case in point, the decline of manufacturing and other blue collar jobs in the US, and the hollowing out of all opportunities for advancement for anyone not in the professional class. (with the exception of government jobs)
solex
Legendary
*
Offline Offline

Activity: 1078


100 satoshis -> ISO code


View Profile
April 20, 2015, 09:28:28 PM
 #22912

If the US calculated unemployment the same way as Spain does, the US would be well above 25% unemployment today.

The US unemployment calculation has been modified and manipulated to show good numbers over the past 50 years. The headline number today is the U3 rate, but we used to show the U6 number which included underemployed as well. On top of this none of these numbers include people who dropped out of the workforce and are now on entitlements (which is unemployed). You add this all up and we are well past 25%. If the government ever runs out of entitlement money people are going to see just how bad the employment situation really is.

But we live in the era of twitter politics that generate headlines such as "Unemployment dropped to 5.6% under Obama", never mind the fact that Obama changed the calculation a bit to hit that number, and the number is complete bullshit.

Yes, the numbers are so distorted they have lost historical significance. 100 years ago government workers were counted as unemployed as they were funded from taxation, not the productive economy. Not only does the debt-based financial system need a reset button, so do economic statistics.
I know we are in liberterian territory on this forum, but that's a bit much.  Whether a service is provided by a private firm or the government doesn't really matter as long as the service is being provided (and at the same or a similar cost).  Obviously, it can be argued that the private sector allocates capital more efficiently, and that government structure leads to squandering, but considering every job that is paid by the government as non-existent is a clear error (inb4 every government job does harm).

Absolutely. I certainly don't think that government jobs "don't matter", and agree that some/many are essential to a stable society. It is a matter of how the employment statistics are increasingly tortured to make the case that unemployment is under control, and part of this is the millions of extra non-jobs created in the government sector in recent decades. Which then has the twin downsides of being unaffordable (perpetual deficits) and interventionist (cradle-to-grave nanny-state).


Really? That's awesome, I didn't know that. Any references? Not that it mattered to the calculation anyway since government workers only comprised an insignificant fraction of the working population.

No direct references to hand, I just recall reading it a few times. Probably more of an interpretation from data, such as the census below, when GW was indeed a smaller percentage of the total.

Example: the US 1940 census
Quote
The instructions to enumerators for column 30 give five codes for "Class of Worker":
PW—a person who worked for a wage under the direction of an employer
E—an employer, who employed one or more helpers
GW—government worker
OA—own account, such as a lawyer with no hired help
NP—unpaid family member whose work contributed to the family income, such as in a family store

The census clearly separates GW from other types of employment, then it is up to the user of the stats to interpret what is full or productive employment.

hdbuck
Legendary
*
Offline Offline

Activity: 1274



View Profile
April 20, 2015, 09:58:36 PM
 #22913

If the US calculated unemployment the same way as Spain does, the US would be well above 25% unemployment today.

The US unemployment calculation has been modified and manipulated to show good numbers over the past 50 years. The headline number today is the U3 rate, but we used to show the U6 number which included underemployed as well. On top of this none of these numbers include people who dropped out of the workforce and are now on entitlements (which is unemployed). You add this all up and we are well past 25%. If the government ever runs out of entitlement money people are going to see just how bad the employment situation really is.

But we live in the era of twitter politics that generate headlines such as "Unemployment dropped to 5.6% under Obama", never mind the fact that Obama changed the calculation a bit to hit that number, and the number is complete bullshit.

Yes, the numbers are so distorted they have lost historical significance. 100 years ago government workers were counted as unemployed as they were funded from taxation, not the productive economy. Not only does the debt-based financial system need a reset button, so do economic statistics.
I know we are in liberterian territory on this forum, but that's a bit much.  Whether a service is provided by a private firm or the government doesn't really matter as long as the service is being provided (and at the same or a similar cost).  Obviously, it can be argued that the private sector allocates capital more efficiently, and that government structure leads to squandering, but considering every job that is paid by the government as non-existent is a clear error (inb4 every government job does harm).

Government jobs are not representative of production, they are representative of consumption.

That is not a statement that there should be no government jobs, there are of course a whole set of services that are required for a functioning society (courts, education, etc). But again, there are services for the well-being of a society, not production.

In viewing these services as production, we have allowed them to grow and grow and grow, to the point that the US consumes many more services than it produces. This works great as long as the US has a printing press combined with being the global reserve asset. But this over consumption of services is a misallocation of resources, services that are no longer supported by production.

Case in point, the decline of manufacturing and other blue collar jobs in the US, and the hollowing out of all opportunities for advancement for anyone not in the professional class. (with the exception of government jobs)

Those are just "services", not like if the governments are doing a helluva job "teaching" the poor kids anyway.. Still, taxes are increasing, one way or another.

Governments will ultimately go too far on the cash cow.. Corporacy lurking good. Google is more influent than USG already. ^^
farting_shot
Full Member
***
Offline Offline

Activity: 170


View Profile
April 20, 2015, 11:02:33 PM
 #22914

Agreed 1000%, fuck gov't!
justusranvier
Legendary
*
Offline Offline

Activity: 1400



View Profile WWW
April 21, 2015, 11:39:05 AM
 #22915

There's never just one cockroach:

www.theopenledger.com/nj-cop-caught-selling-stolen-bitcoin-mining-equipment/
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
April 21, 2015, 12:27:21 PM
 #22916


They seem to be everywhere these days.
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
April 21, 2015, 01:08:31 PM
 #22917

New poll
molecular
Donator
Legendary
*
Offline Offline

Activity: 2436



View Profile
April 21, 2015, 03:04:37 PM
 #22918


Quote
According to New Jersey public records he earns an annual salary of $85,924.

Jesus, I have to say US government workers seem to earn quite a salary.

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
rocks
Legendary
*
Offline Offline

Activity: 1149


View Profile
April 21, 2015, 04:52:46 PM
 #22919


Quote
According to New Jersey public records he earns an annual salary of $85,924.

Jesus, I have to say US government workers seem to earn quite a salary.

That is nothing especially for the NYC/NJ area.

1) He looks fairly youngish which means he is at the bottom of the union pay scale. You can be sure that by the time he is 50 his salary will be well above $150K
2) That is the base only. For overtime he gets time and a half (or sometimes double). This can easily double a cop's pay. Have you ever seen them watching road construction at night or at a sporting event, they're getting bonus time for that.
3) The benefits are amazing.
4) They can retire at age 50 and receive not just their salary, but the average of their last 3 years salary+bonus, FOR LIFE. This often translates to $+200K/yr for life.
5) After "retiring" at 50 they can go back and work as "consultants" for the police and earn another 2nd salary, taking their total pay well above $250K

If you look at the pool of people ages 50-65 pulling in well over $250K, a very good chunk of them are not doctors or lawyers, but cops and other senior civil "servants".

What is even worse, is even though it is this bad, no politician will go after the cop's unions, because to do so would bring the full might of the police down on you.

The perfect example of this is Scott Walker who went after every single public sector union in WI, but didn't go anywhere near the cops. No one, not even the president, can go after these criminals.

Edit: For the first 100 years of US history, there were no standing police forces and the country seemed to do just fine. It was only in the late 1800s and early 1900s that the large east coast cities started to create standing police forces. It was a large debate at the time with many on the side of liberty arguing that standing police forces with the law behind them will inevitably become corrupt to the bone. They were proven right.
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
April 21, 2015, 05:06:22 PM
 #22920


Quote
According to New Jersey public records he earns an annual salary of $85,924.

Jesus, I have to say US government workers seem to earn quite a salary.

That is nothing especially for the NYC/NJ area.

1) He looks fairly youngish which means he is at the bottom of the union pay scale. You can be sure that by the time he is 50 his salary will be well above $150K
2) That is the base only. For overtime he gets time and a half (or sometimes double). This can easily double a cop's pay. Have you ever seen them watching road construction at night or at a sporting event, they're getting bonus time for that.
3) The benefits are amazing.
4) They can retire at age 50 and receive not just their salary, but the average of their last 3 years salary+bonus, FOR LIFE. This often translates to $+200K/yr for life.
5) After "retiring" at 50 they can go back and work as "consultants" for the police and earn another 2nd salary, taking their total pay well above $250K

If you look at the pool of people ages 50-65 pulling in well over $250K, a very good chunk of them are not doctors or lawyers, but cops and other senior civil "servants".

What is even worse, is even though it is this bad, no politician will go after the cop's unions, because to do so would bring the full might of the police down on you.

The perfect example of this is Scott Walker who went after every single public sector union in WI, but didn't go anywhere near the cops. No one, not even the president, can go after these criminals.

Edit: For the first 100 years of US history, there were no standing police forces and the country seemed to do just fine. It was only in the late 1800s and early 1900s that the large east coast cities started to create standing police forces. It was a large debate at the time with many on the side of liberty arguing that standing police forces with the law behind them will inevitably become corrupt to the bone. They were proven right.

like i said, you're doing a good job.  i was about to say...
Pages: « 1 ... 1096 1097 1098 1099 1100 1101 1102 1103 1104 1105 1106 1107 1108 1109 1110 1111 1112 1113 1114 1115 1116 1117 1118 1119 1120 1121 1122 1123 1124 1125 1126 1127 1128 1129 1130 1131 1132 1133 1134 1135 1136 1137 1138 1139 1140 1141 1142 1143 1144 1145 [1146] 1147 1148 1149 1150 1151 1152 1153 1154 1155 1156 1157 1158 1159 1160 1161 1162 1163 1164 1165 1166 1167 1168 1169 1170 1171 1172 1173 1174 1175 1176 1177 1178 1179 1180 1181 1182 1183 1184 1185 1186 1187 1188 1189 1190 1191 1192 1193 1194 1195 1196 ... 1558 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!