MooC Tals
|
|
November 03, 2012, 02:04:19 PM |
|
Gold collapsing? I don't follow the metal prices. Link?
ya i agree gold is due for a Major correction. Gold Line keeps calling me telling me its not a bubble ... Gold is not going up. It's the dollar that's losing value. If anything in the marketplace should be the yardstick of value, it is gold, not USD. So you should price USD in terms of gold and you will see a very different picture. Don't let the "upward run" of gold deceive you. Gold isn't changing, the dollars are. I agree gold is the yard stick the world measures wealth. How ever the economy needs credit in the form of a currency to satisfy liquity. This is why bitcoin is more of a threat to central banks then gold. They have all the gold. Sometimes when gold goes down it's due to the dollar getting stronger.
|
|
|
|
Stephen Gornick
Legendary
Offline
Activity: 2506
Merit: 1010
|
|
November 03, 2012, 04:27:36 PM |
|
|
|
|
|
cypherdoc (OP)
Legendary
Offline
Activity: 1764
Merit: 1002
|
|
November 03, 2012, 05:14:44 PM Last edit: November 03, 2012, 05:38:19 PM by cypherdoc |
|
here's an interesting fact. we've had 70 straight weeks of upward revisions to the Initial Claims Report for unemployment: http://biz.yahoo.com/c/terms/claims.htmlif you'd bet $0.01 each week that we'd get an upward revision while reinvesting the profits you'd now have accumulated $0.01 x 2^70 = $11,805,916,207,174,113,034.24
|
|
|
|
molecular
Donator
Legendary
Offline
Activity: 2772
Merit: 1019
|
|
November 03, 2012, 05:44:24 PM |
|
here's an interesting fact. we've had 70 straight weeks of upward revisions to the Initial Claims Report for unemployment: http://biz.yahoo.com/c/terms/claims.htmlif you'd bet $0.01 each week that we'd get an upward revision while reinvesting the profits you'd now have accumulated $0.01 x 2^70 = $11,805,916,207,174,113,034.24 lol. how do you come up with this stuff?
|
PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
|
|
|
creativex
|
|
November 03, 2012, 05:57:17 PM |
|
here's an interesting fact. we've had 70 straight weeks of upward revisions to the Initial Claims Report for unemployment: http://biz.yahoo.com/c/terms/claims.htmlif you'd bet $0.01 each week that we'd get an upward revision while reinvesting the profits you'd now have accumulated $0.01 x 2^70 = $11,805,916,207,174,113,034.24 Obvious goobermint liars are...obvious. Anything to keep the house of cards standing a little longer.
|
|
|
|
cypherdoc (OP)
Legendary
Offline
Activity: 1764
Merit: 1002
|
|
November 03, 2012, 06:12:13 PM |
|
here's an interesting fact. we've had 70 straight weeks of upward revisions to the Initial Claims Report for unemployment: http://biz.yahoo.com/c/terms/claims.htmlif you'd bet $0.01 each week that we'd get an upward revision while reinvesting the profits you'd now have accumulated $0.01 x 2^70 = $11,805,916,207,174,113,034.24 actually, i didn't state that quite right: if you'd initially bet $0.01 starting in June of 2011, double or nothing, and reinvested the winnings each week for the 70 straight weeks since then, you'd be sitting on a profit of $11,805,916,207,174,113,034.24.
|
|
|
|
adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
|
|
November 03, 2012, 06:15:15 PM |
|
here's an interesting fact. we've had 70 straight weeks of upward revisions to the Initial Claims Report for unemployment: http://biz.yahoo.com/c/terms/claims.htmlif you'd bet $0.01 each week that we'd get an upward revision while reinvesting the profits you'd now have accumulated $0.01 x 2^70 = $11,805,916,207,174,113,034.24 actually, i didn't state that quite right: if you'd initially bet $0.01 starting in June of 2011, double or nothing, and reinvested the winnings each week for the 70 straight weeks since then, you'd be sitting on a profit of $11,805,916,207,174,113,034.24. what comes after trillion? bitcoin?
|
|
|
|
MatthewLM
Legendary
Offline
Activity: 1190
Merit: 1004
|
|
November 03, 2012, 06:56:39 PM |
|
Inhale deeply. The sweet smell of Deflation. I must admit I'm not an American but I can tell you prices are going up in the UK. You can see it with fuel and food prices. Pretty much every American I've heard says it is happening in the US too, so don't get too excited over your dollars.
|
|
|
|
molecular
Donator
Legendary
Offline
Activity: 2772
Merit: 1019
|
|
November 03, 2012, 07:07:07 PM |
|
here's an interesting fact. we've had 70 straight weeks of upward revisions to the Initial Claims Report for unemployment: http://biz.yahoo.com/c/terms/claims.htmlif you'd bet $0.01 each week that we'd get an upward revision while reinvesting the profits you'd now have accumulated $0.01 x 2^70 = $11,805,916,207,174,113,034.24 actually, i didn't state that quite right: if you'd initially bet $0.01 starting in June of 2011, double or nothing, and reinvested the winnings each week for the 70 straight weeks since then, you'd be sitting on a profit of $11,805,916,207,174,113,034.24. And you would've won a balls-of-steel award for not pulling out a week earlier at $5,902,958,103,587,056,517
|
PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
|
|
|
molecular
Donator
Legendary
Offline
Activity: 2772
Merit: 1019
|
|
November 03, 2012, 07:08:00 PM |
|
here's an interesting fact. we've had 70 straight weeks of upward revisions to the Initial Claims Report for unemployment: http://biz.yahoo.com/c/terms/claims.htmlif you'd bet $0.01 each week that we'd get an upward revision while reinvesting the profits you'd now have accumulated $0.01 x 2^70 = $11,805,916,207,174,113,034.24 actually, i didn't state that quite right: if you'd initially bet $0.01 starting in June of 2011, double or nothing, and reinvested the winnings each week for the 70 straight weeks since then, you'd be sitting on a profit of $11,805,916,207,174,113,034.24. what comes after trillion? bitcoin? Love it! What comes after a Trillion Dollars? huh? yes, A BITCOIN
|
PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
|
|
|
molecular
Donator
Legendary
Offline
Activity: 2772
Merit: 1019
|
|
November 03, 2012, 07:10:23 PM |
|
Inhale deeply. The sweet smell of Deflation. I must admit I'm not an American but I can tell you prices are going up in the UK. You can see it with fuel and food prices. Pretty much every American I've heard says it is happening in the US too, so don't get too excited over your dollars. Looking at the USDX it seems the other FIAT currencies should experience roughly the same rate of debasing. Consumer prices seem high to me more frequently and for a wider range of products lately, so I think shit is finally trickling down. I expect this to increase. Is honey a good indicator? For some unknown reason I think that is the case.
|
PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
|
|
|
lebing
Legendary
Offline
Activity: 1288
Merit: 1000
Enabling the maximal migration
|
|
November 03, 2012, 07:19:38 PM |
|
Inhale deeply. The sweet smell of Deflation. I must admit I'm not an American but I can tell you prices are going up in the UK. You can see it with fuel and food prices. Pretty much every American I've heard says it is happening in the US too, so don't get too excited over your dollars. Looking at the USDX it seems the other FIAT currencies should experience roughly the same rate of debasing. Consumer prices seem high to me more frequently and for a wider range of products lately, so I think shit is finally trickling down. I expect this to increase. Is honey a good indicator? For some unknown reason I think that is the case. Honey is an interesting case, but not for reasons of deflation. Bees are dying all over the world (particularly where GMOs are grown), so using this as an indicator for macroeconomics might not be the best case. Using it as an indicator for much larger shit going down around the world, sure.
|
Bro, do you even blockchain? -E Voorhees
|
|
|
molecular
Donator
Legendary
Offline
Activity: 2772
Merit: 1019
|
|
November 03, 2012, 07:23:01 PM |
|
Inhale deeply. The sweet smell of Deflation. I must admit I'm not an American but I can tell you prices are going up in the UK. You can see it with fuel and food prices. Pretty much every American I've heard says it is happening in the US too, so don't get too excited over your dollars. Looking at the USDX it seems the other FIAT currencies should experience roughly the same rate of debasing. Consumer prices seem high to me more frequently and for a wider range of products lately, so I think shit is finally trickling down. I expect this to increase. Is honey a good indicator? For some unknown reason I think that is the case. Honey is an interesting case, but not for reasons of deflation. Bees are dying all over the world (particularly where GMOs are grown), so using this as an indicator for macroeconomics might not be the best case. Using it as an indicator for much larger shit going down around the world, sure. Point taken. I still like that swedish guy who is backing a local currency with honey: http://blogs.sweden.se/sustainability/2011/10/06/honey-is-the-new-money-in-lund/
|
PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
|
|
|
MatthewLM
Legendary
Offline
Activity: 1190
Merit: 1004
|
|
November 03, 2012, 07:35:34 PM |
|
In October 2012 I spent £213.94 in supermarkets. In October 2011 I spent £197.26. I put that down to either an 8% price inflation or I'm drinking more wine...
BTW: I would have spent more in October 2012 but there was a period of a few days where I did not need to spend as much, so there is an underestimation in price or wine inflation.
|
|
|
|
molecular
Donator
Legendary
Offline
Activity: 2772
Merit: 1019
|
|
November 03, 2012, 07:38:40 PM |
|
In October 2012 I spent £213.94 in supermarkets. In October 2011 I spent £197.26. I put that down to either an 8% price inflation or I'm drinking more wine...
BTW: I would have spent more in October 2012 but there was a period of a few days where I did not need to spend as much, so there is an underestimation in price or wine inflation.
Statistically not relevant, but I'm assuming 7-10% price inflation myself, just by pulling various sources together using my stomach.
|
PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
|
|
|
lebing
Legendary
Offline
Activity: 1288
Merit: 1000
Enabling the maximal migration
|
|
November 03, 2012, 07:42:15 PM |
|
In October 2012 I spent £213.94 in supermarkets. In October 2011 I spent £197.26. I put that down to either an 8% price inflation or I'm drinking more wine...
BTW: I would have spent more in October 2012 but there was a period of a few days where I did not need to spend as much, so there is an underestimation in price or wine inflation.
Statistically not relevant, but I'm assuming 7-10% price inflation myself, just by pulling various sources together using my stomach. Yep, this about right I would say
|
Bro, do you even blockchain? -E Voorhees
|
|
|
MatthewLM
Legendary
Offline
Activity: 1190
Merit: 1004
|
|
November 03, 2012, 07:50:28 PM |
|
My post was a bit of a joke but prices aren't only going up for me. There is high inflation in the UK, no doubt.
|
|
|
|
labestiol
|
|
November 03, 2012, 11:45:14 PM Last edit: November 03, 2012, 11:59:29 PM by labestiol |
|
Ha ha, nice stat ! Someone should look for GDP revisions, there might be a bias too Looking at the USDX it seems the other FIAT currencies should experience roughly the same rate of debasing.
Consumer prices seem high to me more frequently and for a wider range of products lately, so I think shit is finally trickling down. I expect this to increase.
Is honey a good indicator? For some unknown reason I think that is the case.
Not only there's a problem with bees, but i wouldn't consider honey fungible. There's an infinity of honeys out there, depending on the strain of bees and the kind of nectar they are collecting. And I'm not talking about honey debasement (cut with syrup, the cheap shit you can find in stores) To come back on the eternal inflation/deflation debate, I have to admit US administration did a good job so far at keeping stocks from collapsing while keeping oil (and metals) from exploding. Probably not sustainable, but nicely done. We'll see how things evolve after the election, and in which way. The results will probably don't matter much, though an interesting fact is that Wall Street is clearly rooting for Romney (including the (in)famous Goldman Sachs), and that Obama seems to be in the lead (at least according to InTrade, and looking at campaign contributions). I still have troubles thinking Goldman Sachs doesn't rule the world, but maybe some things might change in a few months.
|
1BestioLC7YBVh8Q5LfH6RYURD6MrpP8y6
|
|
|
cypherdoc (OP)
Legendary
Offline
Activity: 1764
Merit: 1002
|
|
November 05, 2012, 02:43:35 PM |
|
Dollar Rally.
|
|
|
|
paraipan
In memoriam
Legendary
Offline
Activity: 924
Merit: 1004
Firstbits: 1pirata
|
|
November 05, 2012, 02:44:24 PM |
|
Dollar Rally.
No way, pic or it didn't happen
|
BTCitcoin: An Idea Worth Saving - Q&A with bitcoins on rugatu.com - Check my rep
|
|
|
|