Topic: Argentina Debt Crisis: U.S. Demands 1.5 billion cash (Bitcoin to Rescue?) - page 3. (Read 8862 times)

Man, why are capitalists always so weak at argument? I've destroyed this pitiful argument so many times I frankly can't even be bothered anymore. Hint: You don't understand history very well. It's a series of revolutions.

There was a time before capitalism, there will be a time after capitalism. "This too shall pass". Nothing escapes the march of time - not even your overwhelming ignorance.

How loud you cry, yet there you are using your computer, powered by electricity on the internet, linking to youtube... all products of capitalism.  Go live a wicker hut in the 3rd world for a while and come back to tell us how awful capitalism is (or isn't).

HAHAHAHA

I didn't realize i was white and from 'upper middle caste', with yearly income of below 10,000 usd (inflation adjusted) who qualified for a full ride based both on need and merit.

You one dumbass fool you made some really elementary mistakes in financial judgement. You expected things will fall into your lap without even thinking about what YOU need to do to secure your own future.

Everything you did you did out of your own volition. You are no where close to being an 'enslaved, oppressed capitalist serf' as you would love to think.

Stop cryin and go check yourself.

Sure, as long as "good head on their shoulders" is code for "white and from an upper-middle caste family". Such ignorance...







Even with more and more people getting college degrees, still the wages stagnate:



You'd certainly do better financially than most students! The sad part is most of these kids will never have any money with which to buy Bitcoins.

Fact: Capitalism is mass-theft and mass-exploitation.

Remember seeing the debt clock a few years back at half of what it is now

Possible strategy for the student today:
Max out all form of loans. Quickly so you do not have to consume to much while you do. Buy bitcoins. Go bancrupt, do not tell about your coins. Leave the scene, live without banks, spying, property that can be confiscated.

Wow, some of us are trying super-hard to make that no-fly list...

If you take all future obligations the US has promised our real national debt is north of 100 trillion dollars. That much money doesn't even exist.

China has better chance of defaulting on its internal loans than US defaulitng any time soon.

Do you have any idea how loose the book keeping and corruption is in china? The place makes bernie madoff look like mother teresa.

If anyone actually did some legitimate check on the financial records in china the whole country would have more holes than a bee hive.

Broken and useless for the ones who made dumbass decisions.

Prosperous and wide open road for people who has good head on their shoulders and asked 'how' and 'when' rather than WAAAAHHHHHHHH

Winners and losers in the field. One of them is here crying about a very childish mistake he made which many of his peers did not. At least, ones he didn't have what it took to associate with

Not yet, but once the US loses its ability to print USD it will have to default on its debts; it won't have any choice. At that point life will start get interesting. Like Argentina, it doesn't have the funds to pay any of its obligations without printing. Why the US even cares about a $1.5B debt is interesting. The Fed prints and shoves more than that into the DOW/S&P every day to give the appearance that the US economy is healthy, rather than let the stock markets reflect the depression we are currently in, and have been in, since the Iraq war began.

As to universities, people who have spent a lot of time learnng about bitcoins from both a technical and financial (and ethical) perspective will almost certainly get a better education than 90% of colleges can provide. Even most of the revered East coast/Ivy league schools, with some notable exceptions like MIT, are about making connections (and as someone else commented, getting interviews) rather than actually learning anythng useful. Also, if you want to learn about French literature or whatever, the information is out on the internet. Better yet, sell some BTC and go to France. 

Student loans are total, utter bullshit. They are designed to get people into debt early and keep them there. Anyone who uses the term "credit report" as though it has any validity beyond creating suckers, needs to rethink a few things. There are some great smaller banks and credit unions but Wall street is just a pile of welfare sluts sucking the economy dry. If bitcoin succeeds then they will be fucked over more than by any defaulted student loans.

Yeah, is getting very popular in Argentina. The community is strong and growing bigger.

The Bitcoin is trading in Buenos Aires around Bitstamp price, in USD/EUR value. The problem is the ARS/OtherFiat price.

There is the so called "official" dollar price (now at 8,1 ARS/USD) and the "informal" or "blue dollar" (black/grey market, not banks, now at 12,20 ARS/USD). Yes! 50% gap.

Here you can check that prices. You almost cannot buy foreign cash in banks, nor gold / silver.

So, the BTC´s are traded in Argentina at the blue dollar rate. But in USD/EUR, just at average int. price.

it appears on this point you are right and I concede

on this point
just give it time.  it's pretty much a foregone conclusion i think (of our entire 2011 14.3 trillion dollar debt 8% of that is owed to the chinese...us can't keep raising the debt ceiling forever)

You mean you're not suffering today because the self from a decade ago didn't choose to go into massive debt chasing a broken American Dream?

...or maybe we're not pissed off because we chose not to go into massive amounts of debt?

Every time a posh kid who was straight up raised in 1st world countries talk about 'indoctrination' I feel like my liver is about to give from all the laughing.

Poor, poor you. Living the the horrible concentration camp of 1st world nations and scrounging for a living underneath a landfill so that you may live to see another day and

...wait

no.


Figures, some joke like carlin is your 'sage' haha I bet you get wet every time snowden and assaunge opens their spoiled traps too, pretending to be 'patriots' or 'revolutionaries'.

You should follow your role model 'Chelsea' Manning's lead and go full homosexual right now. You are already half way there.

Property is theft. If you don't agree with stealing, you don't agree with capitalism. Come out from under your bubble of privilege and see capitalism for what it really is: a horror show.

Thanks, I think so too. Sorry if you think my unwillingness to donate more to the profits of some rich asshole banksters makes me a bad person. Strike debt.

To be clear, I had every intention to pay it back when I started. My views changed as I got older and became disillusioned of the lies and indoctrination of my youth. I see the whole charade for what it is - just another scam in the kleptocracy known as the USA.

Like you and most Americans, I was a clueless slave for the first 20 or so years of my life. That's what mass education is for, after all. No more. I am awake with righteous fury. Sage Carlin tells it like it is. If you're not pissed off, you're not paying attention.

When Argentina issued it's debt and restructured it's debt it had a very bad credit rating and agreed that the US would be able to resolve any disputes (via it's court system). This court merely interoperated the agreement between Argentina and it's bond holders.

Argentina simply wants to not pay/adhere to what it agreed to.

LOL.

'Beneath me' 'Budding intellect'.

'Neo Feudal America'

HAHAHAHAHAAHA this kid. My sides.

Clearly not by you, you've taken what you can and no intent to pay it back.  Well done.  While you rage against a system, you are an example of its excess:  you believe the world owes you and you will take.  You wont something for nothing, buy now don't pay later.  That is the reason for the economy you hate, because governments are doing the same by borrowing on the never never.  You are just the same as Argentina, they wanted to borrow, don't want to pay back.  Individual or state, its the same problem.