superresistant
Legendary
 Offline
Activity: 2128
Merit: 1120
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January 29, 2015, 08:38:27 PM |
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I can't wait for the big collapse. I'm loading my popcorn stock.
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According to NIST and ECRYPT II, the cryptographic algorithms used in
Bitcoin are expected to be strong until at least 2030. (After that, it
will not be too difficult to transition to different algorithms.)
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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johnyj
Legendary
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Activity: 1988
Merit: 1012
Beyond Imagination
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January 30, 2015, 04:31:38 AM |
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The real danger behind this is that a large part of the fiat money are backed by these debts
When the debt defaults, so goes the value of those fiat money, then the confidence about currency becomes weak, there will be inflation, and FED can only raise interest rate as a counter measure. However, that will trigger another round of assets selling, which further weaken the value of the assets that backing those currency, causing more panic inflation. Then there is no point of return
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grendel25
Legendary
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Activity: 2282
Merit: 1031
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January 30, 2015, 06:56:33 AM |
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So what? A lot more people are buying their own homes too. Debt per person isn't really the greatest indicator.
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CoinCidental
Legendary
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Activity: 1316
Merit: 1000
Si vis pacem, para bellum
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January 30, 2015, 07:00:57 AM |
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What happens if China or Japan asked for their 2.5 trillion back?
Is that even possible? Will it just be unpaid forever or will they print more money and send it back?
I don't know how it works tbh....?
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johnyj
Legendary
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Activity: 1988
Merit: 1012
Beyond Imagination
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January 30, 2015, 09:00:56 AM |
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So what? A lot more people are buying their own homes too. Debt per person isn't really the greatest indicator.
IMO, the greatest indicator is income. Income does not increase as fast as debt. Now a large part of their income comes from the fact that the house will increase in price later, which is only possible to maintain by more borrowing and more money printing. It can still last for a while, but once you have been on this track for too long and you suddenly find out it is a dead end, maybe there is no way to go back by then |
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superresistant
Legendary
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Activity: 2128
Merit: 1120
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January 30, 2015, 10:37:05 AM |
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So what? A lot more people are buying their own homes too. Debt per person isn't really the greatest indicator.
IMO, the greatest indicator is income. Income does not increase as fast as debt. Now a large part of their income comes from the fact that the house will increase in price later, which is only possible to maintain by more borrowing and more money printing. It can still last for a while, but once you have been on this track for too long and you suddenly find out it is a dead end, maybe there is no way to go back by then Any estimation on when could this happen ? |
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Elwar
Legendary
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Activity: 3598
Merit: 2386
Viva Ut Vivas
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January 30, 2015, 10:42:52 AM |
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So what? A lot more people are buying their own homes too. Debt per person isn't really the greatest indicator.
When paying the interest on the national debt is more than our budget...it will cause some problems. Current interest payment is $430 billion. The proposed Defense budget for this year is $526 billion. We will soon be paying more in interest than for our national defense. If some politician says they have some plan for fixing the budget and it does not include addressing the huge debt, they are feeding you a pile of shit. |
First seastead company actually selling sea homes: Ocean Builders https://ocean.builders Of course we accept bitcoin. |
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CoinCidental
Legendary
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Activity: 1316
Merit: 1000
Si vis pacem, para bellum
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January 30, 2015, 10:46:05 AM |
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So what? A lot more people are buying their own homes too. Debt per person isn't really the greatest indicator.
When paying the interest on the national debt is more than our budget...it will cause some problems. Current interest payment is $430 billion. The proposed Defense budget for this year is $526 billion. We will soon be paying more in interest than for our national defense. If some politician says they have some plan for fixing the budget and it does not include addressing the huge debt, they are feeding you a pile of shit. what possible answer could there be to address a debt that size ? im intrigued which politician can pay off 18 trillion and what with and over how many years if if the interest alone is $430 billion and growing by the day ? |
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Elwar
Legendary
Offline
Activity: 3598
Merit: 2386
Viva Ut Vivas
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January 30, 2015, 11:10:35 AM |
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So what? A lot more people are buying their own homes too. Debt per person isn't really the greatest indicator.
When paying the interest on the national debt is more than our budget...it will cause some problems. Current interest payment is $430 billion. The proposed Defense budget for this year is $526 billion. We will soon be paying more in interest than for our national defense. If some politician says they have some plan for fixing the budget and it does not include addressing the huge debt, they are feeding you a pile of shit. what possible answer could there be to address a debt that size ? im intrigued which politician can pay off 18 trillion and what with and over how many years if if the interest alone is $430 billion and growing by the day ? If Ron Paul were elected in 2012, we would be seeing budget surpluses in next year's budget which could be used to start paying down that debt (It would not be $18 trillion either).  |
First seastead company actually selling sea homes: Ocean Builders https://ocean.builders Of course we accept bitcoin. |
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Oscilson
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January 30, 2015, 03:34:27 PM |
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The US will not repay the debt. So it does not matter how much debt it has. It can also inflate away the debt.
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thejaytiesto
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Activity: 1358
Merit: 1014
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January 30, 2015, 04:21:57 PM |
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There's not a single country that can pay their debts, let alone the insane debts of countries like the US.
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hdbuck
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Activity: 1260
Merit: 1002
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January 30, 2015, 05:51:23 PM |
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The US will not repay the debt. So it does not matter how much debt it has. It can also inflate away the debt.
if they dont pay their debt, why should we? |
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Amph
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Activity: 3206
Merit: 1069
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January 30, 2015, 06:36:53 PM |
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and they expect the usd to surpass the euro, how funny, usd is worth less than my toilet paper
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JessicaSe
Legendary
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Activity: 840
Merit: 1000
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January 31, 2015, 11:09:10 AM |
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the most big countries has more debt, only africa seems green with low debt
USA,China,India are at highest level according to this chart
what you think, they will able to pay back or how much it will increase by 2020
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picolo
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January 31, 2015, 11:56:52 AM |
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I can't wait for the big collapse. I'm loading my popcorn stock.
It will be good because deceiption and lies will be out and they can hopefully reconstruct on better grounds. |
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LiteCoinGuy
Legendary
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Activity: 1148
Merit: 1010
In Satoshi I Trust
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January 31, 2015, 04:38:31 PM |
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I can't wait for the big collapse. I'm loading my popcorn stock.
hopefully you have enough savings because you will be unemployed then.---------- the US can pay any debt at any time:  |
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superresistant
Legendary
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Activity: 2128
Merit: 1120
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January 31, 2015, 04:42:48 PM |
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I can't wait for the big collapse. I'm loading my popcorn stock.
hopefully you have enough savings because you will be unemployed then.Not relevant, I'm self-employed  |
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LiteCoinGuy
Legendary
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Activity: 1148
Merit: 1010
In Satoshi I Trust
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January 31, 2015, 04:43:55 PM |
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I can't wait for the big collapse. I'm loading my popcorn stock.
hopefully you have enough savings because you will be unemployed then.Impossible, I'm self-employed hopefully in a survival&outdoor-business |
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knight22
Legendary
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Activity: 1372
Merit: 1000
--------------->¿?
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January 31, 2015, 04:55:49 PM |
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I can't wait for the big collapse. I'm loading my popcorn stock.
hopefully you have enough savings because you will be unemployed then.---------- the US can pay any debt at any time: Yup, with more debts.  |
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