Topic: -- Bitcoin Countdown - Total Global Monetary Collapse: 2015 (Read 5529 times)

The biggest and best economist minds have no idea what's going on so then what chance do I have?

Look at Jim Rogers, Paulson, Roubini, Peter Schiff, and the List goes on and on.  They were all wrong about hyperinflation, the exact opposite happened (at least for now) and they were wrong about gold, and a few lost a lot on that call and they were, thus far, wrong about nearly every predicted outcome. 

This is very unusual for these guys - they usually make all the right calls and truly understand what's really going on behind the scene - I have never seen them all wrong at the same time and so consistently lost and confused.

And the reason is that they don't know the inside plan - there are trillions of dollars at work to manipulate the system which these pros can't foresee which then changes the outcome, at least for the near term.

These guys are the best economists in the world and they have lots of insider info I don't have, so I have to do the best I can with the little info I have.

I will say this though, when gold was at $1,800 and all of them were saying buy buy buy, I was saying no way, the govt will drive gold below $1,000 and most likely to $500.  That was a crazy thing to say 18-24 months ago and it went against all these brilliant economists yet here we are, I was right and they were wrong which in itself is a very odd and scary thing. 

Now I read Roubini called for gold to go to $650 on manipulation by the banks and the government, so how did I see it 18 months before these guys?  Maybe I got lucky, but it sure feels nice cause I have a lot of respect and admiration for all of them.

Not that much, I don't have a lot of disposable income right now, about $8,000 total.  But 55 Bitcoins have gone only into ixCoin as I'm convinced that will be the next big crypto currency.  I would like to buy 10-15 more Bitcoins on the next dip and to just hold them as BTC and wait for the ETF run and then sell them and buy Bitcoin ETF options.  

Buying a derivative (options) on a derivative (ETF) should have a nice 100 fold leveraging factor - but it will be equally risky so if you don't get the timing right you will lose it all.  

Just an FYI for those thinking of buying options if/when that ETF comes out.

 

How much US$ have you invested in Bitcoins? 

Look at Glenn in the Walking Dead. He uses the apocalypse to date above his league 

I think you're misunderstanding , because you are not correctly separating individual events  , but are instead seeing connections and coming to a conclusion.

However im not here to say with authority that it will " be this way,  or that way "

Just for the purposes of a discussion .

As stated I empathize with these idea's as they appear compelling , but sometimes one has to follow events to a natural logical conclusion. 

If you think about both the political aspects and the economic aspects , you will likely see this clearer.

Am I making comments in regard to the viability of cryptocurrency ?  I am not. I believe these to be a viable beneficial investment.

They are beautiful in their market operations. 

I will add a factual piece to the above post about China.

They recently recast all their gold, their large 5 kilo bars into much smaller 1 kilo bars (I believe), and the argument is that they're planning to go to a gold standard for either the Yuan or a new currency.

These new bars are thought to be made smaller to accommodate smaller investors.  There is no other good reason to go through so much trouble.  

Personally, I don't think China is gonna use the Yuan, its perception is not that of a global currency and they too would love a digital currency.

And it's also a fact that China and Russia have embraced the Bitcoin and their citizens have started mining and hoarding it.

So it's possible China may try to head off the US and Europe and they may try to hijack Bitcoin or another crypto, new or existing, and in retaliation, the western world may jump on a different crypto and that may be how we get 2 large and powerful, competing cryptos.  Hard to tell but we're still very much enemies with those countries and they with us so it should get interesting.

I got the following from another regular poster on here.  Interesting read and pretty relevant.


Back in March 2009, China’s central bank governor, Zhou Xiaochuan, called for the creation of a new reserve currency, albeit in less heated language. The world needs a new “super-sovereign reserve currency” to replace the current reliance on the dollar, Zhou wrote in a paper published on the People’s Bank of China’s website (Zhou still heads the bank). The goal, he wrote, is to “create an international reserve currency that is disconnected from individual nations and is able to remain stable in the long run.”

2009 is also when Bitcoin launched.

Coincidence?

China invented every major form of currency. http://www.washingtonsblog.com/2009/09/china-invented-every-single-major-form-of-currency-metal-coins-paper-money-and-fiat-currency-and-seized-gold-six-centuries-before-fdr.html

http://www.businessweek.com/articles/2013-10-14/chinas-state-press-calls-for-building-a-de-americanized-world

" Key among its proposals: the creation of a new international reserve currency to replace the present reliance on U.S. dollars, a necessary step to prevent American bumbling from further afflicting the world, the commentary suggests."

Lol.

Of course man.  This whole bullshit about 21 million coins is just to get people to fall in love with digital money.  Whatever currency the govt ends up using will end up being the same old same only now you have zero privacy and zero control and the govt owns you.

Digital,

I generally agree with everything you say, but not your conclusion and there's more going on which you did not mention.

Since the $ is a global reserve currency, the US has been a been able to export our inflation and we are seeing inflation in other countries.  In Egypt, the revolution started when they got so inflated that they reached that critical level where 40% of their incomes went to just pay for food - a key metric which has been showed to spark revolutions.

So it's not just the velocity of money as you implied, the velocity of money is affected due to the much larger money supply but there much more going on which not even the PhD economists realize as they're wrong all the time in regard to inflation and deflation.

The dollar is down 97%, it has outlived it's value and usefulness, and if you look at the yen and euro, they're in even bigger trouble.  The yen will probably collapse first.

So then, if those nations, and many others, are in so much trouble, why wouldn't they go for a new global currency?  And since nobody will be able to point the finger to any one country, the US can issue a new currency and why not just go digital and get massive control over the masses.

And I think this is part of why they're manipulating gold, dumping tons of gold on the market at midnight, to drop the price, they need massive amounts of good reserves in order to lend credibility to a new currency after such a devastating bankruptcy event.  That and the fact the US has leased most of their gold and now they have to buy it back so why not scare the tonnes out of the GLD ETF which is the fourth largest gold reserve on earth (on paper, there's way more gold than each country actually leads on - there's more gold in Hawaii than is reported on an entire global scale), so the sheeple will be scared out of their gold in the near future as gold gets pushed down artificially, as the govt preps for the new currency.

And don't be surprised to see Yellen go to negative interest rates and closer to $1 Trillion per month QE-infinite, which of course won't help the Velocity of money, and when those nations holding dollar reserves realize what's going on they're gonna ship those dollars back him and that's when hyper inflation will come home to roost, where it belongs.

So I stand by my prediction that the govt either created Bitcoin or it I in love with it, but most likely, another currency will rise above it to become the global currency I'm talking about.  I have a feeling Bitcoin is a test run or a head fake to all our enemies and while they're mining Bitcoin (Russia and China) the real currency will pop up at the last second and be embraced by everyone. 

George Orwell has got nothin' on you Vlad.

BTW, do you see govt leaders working with the bitcoin community to "build a better bitcoin" while keeping the current distribution in place? I imagine govt would want to "reserve the right" to issue currency still... No?

Hello Vlad.

I am bored so lets talk about some of the info in the thread.

First I want to talk about the graphics you displayed , I want to show a different view.

In economics they say there are two types if people ..

1. Understands what monetary policy in relation to debt based money is. 2. Doesn't understand.

Then of coure

1. Understands political systems on a macro level  2. Does not understand.

For purposes of not wasting your precious time and energy if you are in group two (2)  , id advise some tv time.

For group 1. Its worth listening and having a discussion , ( as it always is).

Let me first empathize with your "government conspiracy" as its possibly quite compelling , and as they say " I want to believe"

Now:

The rise in net "currency" across the globe is explained if we do not just look only at the graphs, as the only "global conspiracy" here is for a government to do one thing it is good at , lie and fudge numbers to a degree, and generally deceive, in its benefit.

You might or might not understand that debt based currency had grievous and volatile incident that "accumulated" in 2008.

At that time , the "velocity" of currency was adversely effected , because of of all currencies relationship with debt .

Debt=currency to all effective velocities.

So as the 2008 "crisis" was the accumulated result of a monetary system hitting its upper "debt limit" .

What occured of course was the huge retraction in debt as the "bubble" burst , and of course remember debt is currency I  relation to market velocities , so of course then 2008 was a huge deflationary event .

Now I will pause here and ask you if you generally agree with me ?

You may have already figuered our the rest of this explanation. 

Then the rest of course is simple , the monetary unit USD is the "world currency " so in effect it has a strong relationship with many other exchanges .

Some of that is political common knowledge and of course the relationship varies from nation to nation exchange to exchange.

Now lets put it all together here for you .

The next peice is critical .

At the time of the "crisis" the destruction of the "debt" did not "officially" occur,  let me explain this , the easiest waybto explain it is with a phrase you will understand " to big to fail" .

"To big to fail" means the velocity of the currency was taken from the system , but NOT the units.  The net effect is deflation.  Actually in ways worse,  but deflation anyhow.


So lets clarify and summarize.


Yes , currency has expanded .

Why?

Because 2008 was huge net "deflationary" event , and in terms of velocity but not in terms of the units of currency, this is in part the reason for all the confusion about " inflation" v " deflation" etc stagflation. 

So friend lets put you in the drivers seat , you are a corrupted system trying to hold onto the power you have , your corruption has led to the net destruction of your monetary system .

What do you do ? 

Take out the large institutions, let them fail ?

You cant, you are them , they are you , so next is to "compartmentalize" the "bad" money and reissue "new" money in its replacement.

You are reactive to the image of the result of the original units not being take out if the equation.

But , unfortunately you are comming to a vastly different assumption , so be prepared to be wrong .

Because of course nothing is repaired , but on the other side of that there is no plan my friend.

The best next course is a basket of currencies , SDRs were brought up , but SDRs have little confidence in the marketplace,  but still even if SDRs  were the "solution" they would be issued against a basket of  currencies.

Gold ?  ! Yes its possible it plays a bigger  role in the future, but only as a backstop.

BITCOIN?

You will need to go back to geopolitical class to answer that , why would you think that the world will buy into a west coast USA centralized digital currency ?

Bitcoin is fantastic , but I mentioned it went from obscurity to centralized,  that is to say the "emission" past 50% phase was a failure.  Other than that  its the greastest thing in history.  Of course.

* many nation will "accept" cryptocurrency those nations that gain obviously more so.

I hope that clears up your global conspiracy?

2 years is a long time but things should greatly accelerate next year.  Both in the decline of global currencies and also in the mass adoption of Bitcoin and digital currencies. I expect a mass media blitz, Hollywood included and a concerted effort by the banks, MultiNationals and of course, major Governments, including [or especially] the US of A.

Hold some Bitcoin as that's probably the prime currency targeted for the globe and then I'd buy a few other currencies as there should be at least one or two more popping out of nowhere like Litecoin and Namecoin did back in April.

Good luck!

2 years? naw, we got some time yet 

Lol, you really think they just slapped a bunch of random 1's and 0's on that Bitcoin coin? 

No way!

I'm certain it spells something out, I just have no idea what it is.

Doesn't anyone have a real, physical Bitcoin coin?  I'm dying to find out now. 

Err, Maybe dying is the wrong word to use when working with massive Govt conspiracies.  Lol

I gotta put this on here in case some don't click on that link.  This is a great find and it's right on topic.



Winklevoss Bitcoin Trust on Bloomberg w/ Screenshot!

October 23, 2013 BTC, Crypto News, TradingCryptoNerd

This changes everything. From what we gather the, recently announced ETF is in the approval process, and Bloomberg is just waiting for the go ahead. It seems the software is in place, so how far off is this fund, really? It could be sooner than any of us imagined.

The bigger question yet though, is what does this mean for the price of Bitcoin now?




Bloomberg Screenshot - Bitcoin ETF ready for trading:  Awating final Approval!

Ok, I know this sounds crazy, but does anyone have a clear picture of a real live Bitcoin?  I've checked google images but can't get a real clear picture of all the 1's and 0's.  

I wanna see what, if anything, is spelled out [in Machine Code] on a real, physical Bitcoin.

That's bullshit.  I'm not even preaching against it.  All I'm saying is that I think this is a conspiracy but its too big for anyone to stop and its time has come so might as well get used to it and try to make some money. 

So I'm like a supporter only I don't believe it's right as it will enslave the entire world - but then again, look at how stupid the masses have become:  do they not deserve brutal enslavement for a few generations.


Maybe the elitist bankers running the world are right after-all, the masses are nothing more than cattle.

Lol, now you just scared me a bit.  Yikes!

That's...actually kind of cool. O_o

He only says that because he has a shit ton and can't figure out where the rest are trading or who's holding...