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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1803444 times)
tabnloz
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July 30, 2014, 04:07:33 AM
 #9981

A day or two old, but shows that many CB's are stockpiling gold reserves.

http://investmentwatchblog.com/russia-buys-18-6-tonnes-of-gold-in-june-currency-wars-intensify/

BRIC bank, gold reserves, direct swap lines: small steps toward a decoupling from the USD.
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July 30, 2014, 04:56:26 AM
 #9982

That certainly seems to be the case so far in 2014.  Oh well.

The exact same time last year I thought the same thing and I sold some in August, I was ever so slightly wrong.  Lucky when I shuttered things off, I kept a balance.
Really cant tell, we have the FED taper going on and the conclusion to that should come sometime this year.   If they do fail to taper or in some small way alter their policy from expectations now then all sorts of things can happen with secondary drastic horizon altering events, it really is a snake in the grass a whole colony of them really Tongue

Think of it as ironic, the less fear the more apprehension is justified and any stability BTC can add could be valuable to some especially outside USA yet principally using dollars


Just FTR, I'm 'hodling like a boss.'  I'll probably do so for at least another year before I sell at this price (assuming no bothersome changes crop up...when I'm paying attention which I've not been recently.)  Happily (and by design) I'm in a situation where my sales are driven largely by cash flow needs and I can easily do without for years long periods.

I just felt an itch to try to annoy cypherdoc is all.  Been busy with completely unrelated things.  Alas, they involve attorneys so I may need cash-flow more quickly than I had hoped.


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July 30, 2014, 12:50:07 PM
 #9983

I think this is important, change of derivatives contracts:

http://www.bloomberg.com/news/2014-07-29/ending-too-big-to-fail-could-rest-on-obscure-contract-language.html

The purpose of the change appears in the article:

"The new terms for the ISDA contracts would bar a firm from ending swap trades with a bank being put into liquidation for 24 or 48 hours, depending on which country’s laws apply. That would give regulators time to move the contracts to a new company, limiting contagion to the larger financial system. "

... a new company, that is a company that is allowed to go bust, meaning that the holders of those contracts does not get a piece of the cake.

cypherdoc
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July 30, 2014, 01:45:48 PM
 #9984

I think this is important, change of derivatives contracts:

http://www.bloomberg.com/news/2014-07-29/ending-too-big-to-fail-could-rest-on-obscure-contract-language.html

The purpose of the change appears in the article:

"The new terms for the ISDA contracts would bar a firm from ending swap trades with a bank being put into liquidation for 24 or 48 hours, depending on which country’s laws apply. That would give regulators time to move the contracts to a new company, limiting contagion to the larger financial system. "

... a new company, that is a company that is allowed to go bust, meaning that the holders of those contracts does not get a piece of the cake.



This is, on the face of it, a good thing.

Don't forget that this has been a major criticism of the doom and gloom crowd for years;  that the big boys could get out of their derivative contracts at a failing firm while everyone else gets stuck and left behind in their more traditional vehicles.
cypherdoc
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July 30, 2014, 01:55:16 PM
 #9985

This is huge :

https://twitter.com/cypherdoc2/status/494481085775233024

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July 30, 2014, 02:01:28 PM
 #9986

https://twitter.com/cypherdoc2/status/494482769993809921
justusranvier
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July 30, 2014, 02:05:46 PM
 #9987

It means their underwriters are getting more impatient to collect bitcoins.

First step is lowering processing fees to 0%.

Next step is when they start offering increasingly favourable exchange rates to encourage even more spending.
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July 30, 2014, 02:16:56 PM
 #9988

It means their underwriters are getting more impatient to collect bitcoins.

First step is lowering processing fees to 0%.

Next step is when they start offering increasingly favourable exchange rates to encourage even more spending.

to be followed by merchant discounts.

ah, the never ending spiral: UP.
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July 30, 2014, 02:31:21 PM
 #9989

Uberred

U·berred  verb-as in, to be "Uberred"

- to be undercut in a financial sense; massively.  as in a reduction in fees, be they transactional, fares, or otherwise.                      
- derived from the San Francisco based company name "Uber".
- effects can be predicted to be massive; resulting in exponential growth which overwhelms all competition.  
- resistance to curb such activity should be considered futile as they rely on Internet "network effects"
- these strategies have been shown to be viral in nature; as in mutatable; bacterial; highly resistent; contagious
- analogous to bacterial growth in a petri dish.

ex:  1. BitPay massively undercutting existing legacy payment processors such as Visa, Mastercard, Paypal or AMEX.
       2. Uber slashing taxi fares to 20% less than Yellow cab in major cities such as New York and San Francisco.

outcome: highly unpredictable for legacy financial systems.
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July 30, 2014, 02:33:37 PM
 #9990

I think this is important, change of derivatives contracts:

http://www.bloomberg.com/news/2014-07-29/ending-too-big-to-fail-could-rest-on-obscure-contract-language.html

The purpose of the change appears in the article:

"The new terms for the ISDA contracts would bar a firm from ending swap trades with a bank being put into liquidation for 24 or 48 hours, depending on which country’s laws apply. That would give regulators time to move the contracts to a new company, limiting contagion to the larger financial system. "

... a new company, that is a company that is allowed to go bust, meaning that the holders of those contracts does not get a piece of the cake.



This is, on the face of it, a good thing.

Don't forget that this has been a major criticism of the doom and gloom crowd for years;  that the big boys could get out of their derivative contracts at a failing firm while everyone else gets stuck and left behind in their more traditional vehicles.

Getting the priorities right would be a good thing, but this equals to running away without paying legit debt. Anyway, I should say that the apparent objective is to reduce systemic contagion. I think it would do nothing to reduce systemic contagion.
cypherdoc
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July 30, 2014, 04:07:44 PM
 #9991

I think this is important, change of derivatives contracts:

http://www.bloomberg.com/news/2014-07-29/ending-too-big-to-fail-could-rest-on-obscure-contract-language.html

The purpose of the change appears in the article:

"The new terms for the ISDA contracts would bar a firm from ending swap trades with a bank being put into liquidation for 24 or 48 hours, depending on which country’s laws apply. That would give regulators time to move the contracts to a new company, limiting contagion to the larger financial system. "

... a new company, that is a company that is allowed to go bust, meaning that the holders of those contracts does not get a piece of the cake.



This is, on the face of it, a good thing.

Don't forget that this has been a major criticism of the doom and gloom crowd for years;  that the big boys could get out of their derivative contracts at a failing firm while everyone else gets stuck and left behind in their more traditional vehicles.

Getting the priorities right would be a good thing, but this equals to running away without paying legit debt. Anyway, I should say that the apparent objective is to reduce systemic contagion. I think it would do nothing to reduce systemic contagion.

actually, i agree.

my only point was to suggest that doom and gloomers can't always have it both ways.  this has been a major criticism of theirs for years and at least now it's being somewhat addressed.  however, i'm sure the final ruling will have all sorts of loopholes and opt-outs which will destroy the original intent of what's being presented, that's for sure.
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July 30, 2014, 04:18:38 PM
 #9992

central bankers just can't stop commenting on the stock mkt.

https://grabien.com/story.php?id=12034
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July 30, 2014, 04:21:52 PM
 #9993

Vinny Langham kills it:

http://www.gyft.com/blog/gyft-first-data/

this will help drive Bitcoin.
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July 30, 2014, 04:26:20 PM
 #9994

central bankers just can't stop commenting on the stock mkt.

https://grabien.com/story.php?id=12034

when the stock market crashes these means someone is going to be holding a shit tone of dollars from all the sales, where they gana put these dollars, back in the stock market Huh

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July 30, 2014, 05:15:08 PM
 #9995

gold solidly below 1300:

Pruden
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July 30, 2014, 05:23:35 PM
 #9996

central bankers just can't stop commenting on the stock mkt.

https://grabien.com/story.php?id=12034

when the stock market crashes these means someone is going to be holding a shit tone of dollars from all the sales, where they gana put these dollars, back in the stock market Huh
Typical misconception. Everytime someone sells, there is another one buying. The market is not a balloon in which you put money to inflate it. The amount of dollars in the economy is constant in a trade and they don't stay in the market, but go through it from buyer to seller. Only the willingness to acquire or get rid of stocks changes.

When stocks crash, it simply means that whoever has them sees the balance of his trading account plummet. But those weren't real dollars, just the dollar value of his stocks.

It's not that dollar abundance due to QE has created price inflation. It's that everyone is looking for yield higher than the almost zero interest rates, and start passing the hot potato, chasing ever higher asset prices looking for just a little more yield. Corporate debt hardly pays more than Treasury bonds, for example. People think "it's way more risky, but there is no other way to get more return on my investment".

By the way, great Q2 GDP report, yet stocks are hardly moved. We are so close...

adamstgBit
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July 30, 2014, 05:30:52 PM
 #9997

central bankers just can't stop commenting on the stock mkt.

https://grabien.com/story.php?id=12034

when the stock market crashes these means someone is going to be holding a shit tone of dollars from all the sales, where they gana put these dollars, back in the stock market Huh
Typical misconception. Everytime someone sells, there is another one buying. The market is not a balloon in which you put money to inflate it. The amount of dollars in the economy is constant and they don't stay in the market, but go through it from buyer to seller. Only the willingness to acquire or get rid of stocks changes.

When stocks crash, it simply means that whoever has them sees the balance of his trading account plummet. But those weren't real dollars, just the dollar value of his stocks.

By the way, great Q2 GDP report, yet stocks are hardly moved. We are so close...

what's the point in crashing the market if it doesn't make you a billionaire?

stock market crash = big money moving, moving where tho?

Pruden
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July 30, 2014, 05:35:46 PM
 #9998

central bankers just can't stop commenting on the stock mkt.

https://grabien.com/story.php?id=12034

when the stock market crashes these means someone is going to be holding a shit tone of dollars from all the sales, where they gana put these dollars, back in the stock market Huh
Typical misconception. Everytime someone sells, there is another one buying. The market is not a balloon in which you put money to inflate it. The amount of dollars in the economy is constant and they don't stay in the market, but go through it from buyer to seller. Only the willingness to acquire or get rid of stocks changes.

When stocks crash, it simply means that whoever has them sees the balance of his trading account plummet. But those weren't real dollars, just the dollar value of his stocks.

By the way, great Q2 GDP report, yet stocks are hardly moved. We are so close...

what's the point in crashing the market if it doesn't make you a billionaire?

stock market crash = big money moving, moving where tho?
Nobody knows, so it will start moving crazily. You can bet CPI inflation will be quite high in the next few years

adamstgBit
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July 30, 2014, 05:39:39 PM
 #9999

central bankers just can't stop commenting on the stock mkt.

https://grabien.com/story.php?id=12034

when the stock market crashes these means someone is going to be holding a shit tone of dollars from all the sales, where they gana put these dollars, back in the stock market Huh
Typical misconception. Everytime someone sells, there is another one buying. The market is not a balloon in which you put money to inflate it. The amount of dollars in the economy is constant and they don't stay in the market, but go through it from buyer to seller. Only the willingness to acquire or get rid of stocks changes.

When stocks crash, it simply means that whoever has them sees the balance of his trading account plummet. But those weren't real dollars, just the dollar value of his stocks.

By the way, great Q2 GDP report, yet stocks are hardly moved. We are so close...

what's the point in crashing the market if it doesn't make you a billionaire?

stock market crash = big money moving, moving where tho?
Nobody knows, so it will start moving crazily. You can bet CPI inflation will be quite high in the next few years

well fuck. i'm not the big whale cashing in on the cash, i am a consumer and I like the price index right where it is....

<- little guy getting fucked by the system

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July 30, 2014, 05:40:40 PM
 #10000

"By the way, great Q2 GDP report, yet stocks are hardly moved. We are so close..."

Interesting article on ZH about how much of GDP is inventory accumulation.

GDP Deja Vu Stunner: Over Half Of US Growth In The Past Year Is From Inventory Accumulation

http://www.zerohedge.com/news/2014-07-30/deja-vu-gdp-stunner-over-half-us-growth-past-year-inventory-accumulation

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