The financial markets are starting to crash, abandon the fiat titanic

[Dalmar]

Your chart is old. It's gotten much worse..

There won't be hyperinflation so long as velocity of money stays at these lows:

[Wilhelm]

The beloved dollar, on the other hand, has gone from a monetary base of around $850 billion to $2800 billion in the space of 5 years. Thats more than a 300% expansion of the monetary base. If you don't think that is a recipe for some major economic upheaval in its own right then you don't understand money.

Your chart is old. It's gotten much worse..

Doesn't look too bad  

HEY WAIT THIS IS WHEN BUSH BECAME PRESIDENT !!!!

[spiderbrain]

There won't be hyperinflation so long as velocity of money stays at these lows:

Yeah, they are crossing their fingers.

[Omikifuse]

or just buy shares from print manufacturer companies.

It is all about to find the right bets, like in crypto too

[toknormal]

There won't be hyperinflation so long as velocity of money stays at these lows:

r.o.t.f.w.l. !!

You think real life works like in school books ?

****** Currency Control Procedure - how to get away with four-folding the coin supply******

without having markets revalue your currency

[1] - buy 10 Oz gold from the gold market which has, say, 100 Oz cap

[2] - create a gold ETF

[3] - generate 100 1 Oz contracts for each 1 Oz of physical in your vaults

[4] - make sure nobody ever audits your vaults (especially not the Germans). If they ask, just let them see 1 room containing a 1% sample of their holdings

[5] - start printing huge quantities of the currency of your choice

[6] - simultaneously flood the commodities markets with naked gold shorts (of which you posses a similarly limitless supply) to keep traders in their currency long positions

Simple !

(...Until your bluff is called by somebody that happens to have 100 times the amount of physical that you do. Somebody, for example, who has spent the last 5 years hoovering up every ton of gold on the planet they can get their hands on).

[spndr7]

In case of fiat failing, food is a better hedge than Bitcoin.

"Growing your own food is like printing your own money" ~ Ron Finley

[Inedible]

In case of fiat failing, food is a better hedge than Bitcoin.

I agree, they could even solve two problems if greenbacks were made of broccoli instead of paper.

That's a serious case of demurrage.

[BareWail]

Lots of people here still so afraid from being alienated that they don't speak their mind with their main account... Thanks to the Pillars Of The Community here.

You can thank Gavin for this: he started the trend by mobbing Luke-Jr.

[dwdoc]

Equity markets are suffering a 10% correction. I doubt this is the "big correction" many foresee. However, bitcoin is enjoying a nice bounce along with gold which is not a coincidence. It is ironic that someday Main Street will consider investment in bitcoin a "flight to safety."

[Robert Paulson]

the stock market collapse continues, it looks like the huge pile of malinvestments fueled by cheap purchasing power stolen from the population is crumbling apart.
i have predicted this 6 months ago https://bitcointalk.org/index.php?topic=356923.msg6362392#msg6362392.
this is one step before the final destruction of fiat, when the markets will plunge around 50% from the top central bankers will unleash either negative interest rates and/or huge amounts of QE.
this will create huge inflation causing commodities to shoot up in price and wiping out the purchasing power of anyone holding government bonds and/or cash.

abandon the fiat titanic and grab a seat on the bitcoin/gold life boat.

[NotLambchop]

I'm ready, Satoshi!

[chairforce1]

Haha

[NotLambchop]

Trump ya!

[spazzdla]

Food... one should always "invest" in food.

[chairforce1]

Trump ya!

You win.

[Robert Paulson]

Food... one should always "invest" in food.

there will be plenty of food, you just won't be able to buy it with fiat paper.
the food company isn't going anywhere.

[ElectricMucus]

I'm ready, Satoshi!

totally not a cult.

[Patel]

I hope the stock market crashes... For the lulz

[naplam]

I hope the stock market crashes... For the lulz

The aftermath won't be funny, even if you're not directly exposed.

[Inedible]

So hands up all those that predicted a rise in Bitcoin price when/if the markets started to fall?