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miscreanity
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August 03, 2012, 03:46:27 AM
 #101

lmao, your analogies are fucking hilarious!

 Cheesy
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cypherdoc
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September 10, 2012, 07:58:49 PM
 #102

Thursday...

they won't
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September 10, 2012, 08:02:19 PM
 #103


Does that 2 day meeting begin or end on Thur?

If you're not excited by the idea of being an early adopter 'now', then you should come back in three or four years and either tell us "Told you it'd never work!" or join what should, by then, be a much more stable and easier-to-use system. - GA
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September 10, 2012, 08:24:46 PM
 #104

About the most useful thing the Fed could do is to instruct their member banks to take write-offs on mortgages that are still underwater.  But they won't do that.

the only thing useful the Fed can do is commit hara-kiri.
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September 10, 2012, 08:49:10 PM
 #105

Another solution is the IMF. After all, they also have a full functioning printing press Wink They even bought some gold a few month ago, to me that's a sign they'll act at some point.
But if you listen to Jim Rickards (who is both smart and well connected imo), they'll announce some sort of GDP targeting measures. No big numbers, just a crazy big commitment to do whatever it takes to "save" the economy.
We should know soon enough.

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September 10, 2012, 08:56:06 PM
 #106

Another solution is the IMF. After all, they also have a full functioning printing press Wink They even bought some gold a few month ago, to me that's a sign they'll act at some point.
But if you listen to Jim Rickards (who is both smart and well connected imo), they'll announce some sort of GDP targeting measures. No big numbers, just a crazy big commitment to do whatever it takes to "save" the economy.
We should know soon enough.

IMF==Fed

I understand what you mean, but apparently it's not exactly the case.
They way I understand it, if they print money (SDR), they don't ask a loan to the FED. They have their own balance sheet.
https://twitter.com/JamesGRickards/status/245022924711534592


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September 10, 2012, 09:06:20 PM
 #107

It's still probably true somewhat, but less and less : Now they all are pressured.
Do you think the Fed wants to wait for after the election at all costs ? Do you think ECB buying short term bonds will be enough ?

PS : should read more about BIS, I don't know enough about it.

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September 10, 2012, 09:20:53 PM
 #108

The Federal Reserve has been easing this entire time through various means.    The end game they will avoid at all costs is deflation.  This is the real threat (inflation is a after-effect of combating deflation so you can have both).   We are in a debt-based system so without growth it eventually consumes itself because you can't cover even small amounts of interest payments over time.   

Large defaults of debt is the signal you need to look for if you want to know what will signal any meaningful recovery.  If you don't see those then we are ever-inflating with fresh debt to paper over and roll the old debt.  This has historical evidence since the dawn of recorded history.  Different times but the basics are still the same.

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September 10, 2012, 09:44:01 PM
 #109

Let me translate for you: "soft landing"=="post growth"

soft landing=post growth=controlled deflation=the best that can be hoped for=NOT----->uncontrolled deflation=volatility
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September 10, 2012, 09:51:00 PM
 #110

Let me translate for you: "soft landing"=="post growth"

soft landing=post growth=controlled deflation=the best that can be hoped for=NOT----->uncontrolled deflation=volatility

Yes, it's a long term affair.

no, its gonna happen alot faster than you think.
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September 10, 2012, 10:08:33 PM
 #111

Let me translate for you: "soft landing"=="post growth"

soft landing=post growth=controlled deflation=the best that can be hoped for=NOT----->uncontrolled deflation=volatility

Yes, it's a long term affair.


no, its gonna happen alot faster than you think.

http://youtu.be/C6sFP_7Vezg

http://youtu.be/C6sFP_7Vezg=US eCONomy
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September 10, 2012, 10:33:02 PM
 #112

Let me translate for you: "soft landing"=="post growth"

soft landing=post growth=controlled deflation=the best that can be hoped for=NOT----->uncontrolled deflation=volatility

Yes, it's a long term affair.


no, its gonna happen alot faster than you think.

http://youtu.be/C6sFP_7Vezg

http://youtu.be/C6sFP_7Vezg=US eCONomy

Good news for the maggots.

lol!  maggots, muppets, whatever.
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September 10, 2012, 10:35:04 PM
 #113

THE FED WILL EASE SECRETLY...

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September 10, 2012, 10:45:38 PM
 #114

What's QE?

QE = Quick Escape Cheesy

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cypherdoc
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September 10, 2012, 11:00:52 PM
 #115

THE FED WILL EASE SECRETLY...

That's fair.

it won't help
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September 11, 2012, 12:03:15 AM
 #116


A more common outcome in nature is that once the aroma wafts around a bit, various of the more powerful class of scavengers drops by and gobbles down what's left while there is still a fair amount of nutritional value left in the corpse.  One could argue that we are starting to see that (in Jon Corzine as an example...)


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September 11, 2012, 12:14:50 AM
 #117


A more common outcome in nature is that once the aroma wafts around a bit, various of the more powerful class of scavengers drops by and gobbles down what's left while there is still a fair amount of nutritional value left in the corpse.  One could argue that we are starting to see that (in Jon Corzine as an example...)



nice analogy except Corzine is more like The Alien; eating the victim from the inside first.
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September 11, 2012, 04:53:54 AM
 #118


I believe that if there is more money printing the price of EVERYTHING tangible will go up. All currencies value will go down.

Gold is tangible...will go up

Bitcoin not tangible but has gold like properties...kind of a wild card.

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September 11, 2012, 05:13:05 AM
 #119


I believe that if there is more money printing the price of EVERYTHING tangible will go up. All currencies value will go down.

Gold is tangible...will go up

Bitcoin not tangible but has gold like properties...kind of a wild card.

I would argue bitcoin is tangible for the purposes of the argument presented in the sense that you can lock it away from access to third parties ("physically own it"). "tangible" == "not paper" == "no third party risk".

Maybe it'd be better to say: "Anything that doesn't involve some kind of a promise and can be owned unconditionally will go up" instead?

Unfortunately, in some kind of an economic meltdown situation, bitcoin might become generally unusable for a while. Temporarily nonexistant.

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September 11, 2012, 06:39:56 AM
 #120

I would argue bitcoin is tangible for the purposes of the argument presented in the sense that you can lock it away from access to third parties ("physically own it"). "tangible" == "not paper" == "no third party risk".

Maybe it'd be better to say: "Anything that doesn't involve some kind of a promise and can be owned unconditionally will go up" instead?

Unfortunately, in some kind of an economic meltdown situation, bitcoin might become generally unusable for a while. Temporarily nonexistant.

The word tangible means 'perceptible by touch' or 'cear and definite; real' but the etymology for tangibility has more to do with mental sense than corporeal status. It appears to be used to connote realness as opposed to fantasy, delusion or illusion.

I have been thinking a lot about tangibility and how it applies in monetary science in an attempt to formulate a rule or theorem.

In the Information Age I think organized information, information objects, can have properties of tangibility just as clear and definite, or real, as physical objects. Thus, for something to be real it does not have to be corporeal.

The Bitcoin Magazine exists in both a corporeal (paper) and incorporeal (PDF) form. Both are both clear and definite thus they are equally real. One is an information object the other a physical object. But this distinguishment does not go to tangibility as they both exist in the real world and are not figments of imagination, fantasy, delusion or illusion. We would agree that the Bitcoin Magazine Issue #1 is tangible, regardless of of paper or PDF form, and flying fire breathing black dragons are not tangible.

A bitcoin is real because it has clear and definite organization of information therefore making it an information object in the real world and is not a figment of imagination, fantasy, delusion or illusion. Therefore, a bitcoin is tangible.

Anyone up for logically attacking the assertions?

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