Fed on brink of fifth(?) round of quantitative easing - page 6.

larry_vw_1955

sr. member

Activity: 1036

Merit: 350

Quote from: cryptosize

Looks like they will need a disastrous event (hyperinflation) to introduce CBDC... Roll Eyes

they could just say they are doing it to fight terrorism and human trafficking.

Quote

Only after you wipe out people's savings (including hoarded cash) they'll be willing to accept CBDC as a (final) "solution". Shocked

they could just offer a $10 or $20 starbucks gift card in return for converting your cash into a cdbc. for those problematic people who refused to go along with it, they could start charging a premium for paying in cash like 25%. Shocked

Quote

No wonder rich people (from Elon Musk to Bill Gates) rarely hodl cash. They prefer stocks or even land (https://theprimetime.in/bill-gates-became-americas-biggest-farmer-bought-242000-acres-in-18-states/).

there's only so much cash a person needs. anything after that is just sitting there doing nothing. that's why.

cryptosize

sr. member

Activity: 1624

Merit: 294

https://cointelegraph.com/news/president-biden-announces-nominations-for-key-positions-at-federal-reserve

Looks like they will need a disastrous event (hyperinflation) to introduce CBDC... Roll Eyes

Only after you wipe out people's savings (including hoarded cash) they'll be willing to accept CBDC as a (final) "solution". Shocked

No wonder rich people (from Elon Musk to Bill Gates) rarely hodl cash. They prefer stocks or even land.

cryptosize

sr. member

Activity: 1624

Merit: 294

Quote from: larry_vw_1955 on May 11, 2023, 06:44:30 PM

nah, it's not a cdbc. fednow is just a quick way to transfer money electronically within the usa. you still can convert that money to paper or coins so don't worry. no need to hide your cash under the mattress just yet...

Quote from: larry_vw_1955 on May 12, 2023, 12:07:01 AM

well, for one thing, I didn't solicit any financial advice from you or anyone here on the forum. they're welcome to their opinion though but i do kind of think that you might be taking it a step too far in telling people what to do with their money.

larry_vw_1955

sr. member

Activity: 1036

Merit: 350

Quote from: cryptosize on May 11, 2023, 10:41:59 PM

Yet another CBDC denier.

I'm fiatless, you dumbfuck. What cash? Are you talking to your mother or what?

It took you a dozen posts to understand the 1m bet, so I'm not holding my breath... just wait and see.

The Elites of Davos won't make an exception specifically for the "almighty" USA. Every country/state will be forced to jump on the CBDC bandwagon.

Don't like it? Get out of the Union and make your own central bank (it's not your central bank if it's controlled by the Rothschilds). JFK had the balls to try that.

ps: Get off your high horse, nobody can deny their debt or cook the books without repercussions.

10+ years ago you mocked Greece. Now USA is becoming the next Greece, a bigger version of it I might say.

WEF will trigger hyperinflation and they will fuck clueless Americans like you in the ass. Just like barbarians fucked clueless Ancient Romans in the ass.

That's what you get for being arrogant pricks ("Murica fuck yeah, I'm not paying my debt to filthy Chinese creditors, I'll sit on my fat ass, all while eating Doritos and still order chinese stuff on ebay, because I'm Murican!").

Convert your fiat to BTC while you can! I shouldn't have to say this on bitcointalk forums, but there you go... Shocked

well, for one thing, I didn't solicit any financial advice from you or anyone here on the forum. they're welcome to their opinion though but i do kind of think that you might be taking it a step too far in telling people what to do with their money.

to get this thread back on track though, all they need to do is print a $1 trillion platinum coin. it does need to be made out of platinum though. gold or silver are not allowed apparently. Shocked

oh, title 42 expired today or yesterday. maybe you can explain to us what that means in real world terms. i'm listening...

cryptosize

sr. member

Activity: 1624

Merit: 294

Quote from: larry_vw_1955 on May 11, 2023, 06:44:30 PM

Quote from: cryptosize on May 11, 2023, 06:38:54 PM

I guess you must be really dumb to not realize that FedNow is USA's CBDC. Shocked

nah, it's not a cdbc. fednow is just a quick way to transfer money electronically within the usa. you still can convert that money to paper or coins so don't worry. no need to hide your cash under the mattress just yet...

Quote

Oh well... Roll Eyes

i don't know what your definition of a cdbc is exactly but i don't think the usa has one of those.

Yet another CBDC denier.

I'm fiatless, you dumbfuck. What cash? Are you talking to your mother or what?

It took you a dozen posts to understand the 1m bet, so I'm not holding my breath... just wait and see.

The Elites of Davos won't make an exception specifically for the "almighty" USA. Every country/state will be forced to jump on the CBDC bandwagon.

Don't like it? Get out of the Union and make your own central bank (it's not your central bank if it's controlled by the Rothschilds). JFK had the balls to try that.

ps: Get off your high horse, nobody can deny their debt or cook the books without repercussions.

10+ years ago you mocked Greece. Now USA is becoming the next Greece, a bigger version of it I might say.

WEF will trigger hyperinflation and they will fuck clueless Americans like you in the ass. Just like barbarians fucked clueless Ancient Romans in the ass.

That's what you get for being arrogant pricks ("Murica fuck yeah, I'm not paying my debt to filthy Chinese creditors, I'll sit on my fat ass, all while eating Doritos and still order chinese stuff on ebay, because I'm Murican!").

Convert your fiat to BTC while you can! I shouldn't have to say this on bitcointalk forums, but there you go... Shocked

larry_vw_1955

sr. member

Activity: 1036

Merit: 350

Quote from: cryptosize on May 11, 2023, 06:38:54 PM

I guess you must be really dumb to not realize that FedNow is USA's CBDC. Shocked

nah, it's not a cdbc. fednow is just a quick way to transfer money electronically within the usa. you still can convert that money to paper or coins so don't worry. no need to hide your cash under the mattress just yet...

Quote

Oh well... Roll Eyes

i don't know what your definition of a cdbc is exactly but i don't think the usa has one of those.

cryptosize

sr. member

Activity: 1624

Merit: 294

Quote from: larry_vw_1955 on May 11, 2023, 06:16:05 PM

Quote from: cryptosize on May 11, 2023, 08:23:13 AM

July 2023:

https://www.federalreserve.gov/newsevents/pressreleases/other20230315a.htm

do you even know what FedNow is? here's a quote from your link:

Through financial institutions participating in the FedNow Service, businesses and individuals will be able to send and receive instant payments at any time of day, and recipients will have full access to funds immediately, giving them greater flexibility to manage their money and make time-sensitive payments

Quote

Who is going to accept this digital slavery?

you're way off the mark. most checking accounts in the usa offer some type of external ach transfer method so you can transfer money to another bank account that you own. i guess to you that's also "digital slavery" and therefore people shouldn't use banks. Tongue

Quote

No sane person will, unless an "accident" happens this June. Roll Eyes

What's wrong with being able to send and receive instant payments 24/7? see, the benefit of that is you don't have to send your money to some 3rd party like coinbase who might freeze your account. not to mention having to pay hefty transaction fees.

https://news.bitcoin.com/average-bitcoin-transaction-fees-skyrocket-to-19-20-per-transfer-as-over-440000-transactions-remain-unconfirmed/

I guess you must be really dumb to not realize that FedNow is USA's CBDC. Shocked

Oh well... Roll Eyes

larry_vw_1955

sr. member

Activity: 1036

Merit: 350

Quote from: cryptosize on May 11, 2023, 08:23:13 AM

July 2023:

https://www.federalreserve.gov/newsevents/pressreleases/other20230315a.htm

do you even know what FedNow is? here's a quote from your link:

Through financial institutions participating in the FedNow Service, businesses and individuals will be able to send and receive instant payments at any time of day, and recipients will have full access to funds immediately, giving them greater flexibility to manage their money and make time-sensitive payments

Quote

Who is going to accept this digital slavery?

you're way off the mark. most checking accounts in the usa offer some type of external ach transfer method so you can transfer money to another bank account that you own. i guess to you that's also "digital slavery" and therefore people shouldn't use banks. Tongue

Quote

No sane person will, unless an "accident" happens this June. Roll Eyes

What's wrong with being able to send and receive instant payments 24/7? see, the benefit of that is you don't have to send your money to some 3rd party like coinbase who might freeze your account. not to mention having to pay hefty transaction fees.

https://news.bitcoin.com/average-bitcoin-transaction-fees-skyrocket-to-19-20-per-transfer-as-over-440000-transactions-remain-unconfirmed/

cryptosize

sr. member

Activity: 1624

Merit: 294

July 2023:

https://www.federalreserve.gov/newsevents/pressreleases/other20230315a.htm

Who is going to accept this digital slavery?

No sane person will, unless an "accident" happens this June. Roll Eyes

cryptosize

sr. member

Activity: 1624

Merit: 294

https://cointelegraph.com/news/circle-reportedly-adjusts-usdc-reserves-to-avoid-us-default-risk

Shocked

larry_vw_1955

sr. member

Activity: 1036

Merit: 350

Quote from: o_e_l_e_o

China have the rest of the world to export to, and are already in talks with the likes of Russia and India to replace the dollar for their international trade. If we deliberately default on our debts, you can guarantee the dollar is abandoned by everyone.

i'm not sure i can understand the logic there. you're just making a hypothesis, because its never happened before.

Quote

Of course we can refuse to pay our debts. But you seem to think we just launch a new currency and nothing changes. Our economy would tank, our credit rating would tank, all foreign investment disappears, international trade is impossible, job losses in the millions. The country would be a mess for a long time.

again, these are just hypotheses because it has never happened so you can't really say 100% for sure. certainly there could be negative consequences but there could also be non-negative consequences too such as getting out of debt.

Quote

Yes there are migrants, but saying that they are going to take "complete control" of the US is nonsense.

they've already kind of brought new york to its knees. that situation in new york is going to reach a boiling point and then what? then new york city starts shipping them to another state because they can't handle anymore. california maybe. but then california start shipping them to another state because they can't handle anymore. and so on. but then at some point, the migrants get tired of being mistreated so they amass a group of a million of them and march on washington. joe biden gets flown out to a secret location far away to keep him safe while they overrun the whitehouse gates and start living in the whitehouse.

o_e_l_e_o

legendary

Activity: 2268

Merit: 18586

Quote from: larry_vw_1955 on May 09, 2023, 06:08:53 PM

but china needs us since we are a huge importer of their goods. without us, they couldn't survive. so they would still keep on exporting their goods here even if we did a little cooking of the books. i believe.

China have the rest of the world to export to, and are already in talks with the likes of Russia and India to replace the dollar for their international trade. If we deliberately default on our debts, you can guarantee the dollar is abandoned by everyone.

Quote from: larry_vw_1955 on May 09, 2023, 06:08:53 PM

so if we can do something like that then there's nothing we can't do. including not paying our debts. and telling our creditors to stand in line.

Of course we can refuse to pay our debts. But you seem to think we just launch a new currency and nothing changes. Our economy would tank, our credit rating would tank, all foreign investment disappears, international trade is impossible, job losses in the millions. The country would be a mess for a long time.

Quote from: larry_vw_1955 on May 09, 2023, 06:08:53 PM

https://dnyuz.com/2023/05/09/80000-illegal-migrants-heading-to-us-crossing-southern-border-as-title-42-ends/

Yes there are migrants, but saying that they are going to take "complete control" of the US is nonsense.

larry_vw_1955

sr. member

Activity: 1036

Merit: 350

Quote from: o_e_l_e_o on May 09, 2023, 03:51:06 AM

You think we are the only country in the world which trades with other countries?

well i wouldn't call importing the same thing as trading. but maybe you consider importing and exporting to be trading. the thing is, we import way more than we export here in the usa. we have the world's largest trade deficit of any country, i saw someone say.

Quote

If we deliberately trash our currency, then every other country will just trade elsewhere. No reason for them to trade with us when they know we are so untrustworthy.

but china needs us since we are a huge importer of their goods. without us, they couldn't survive. so they would still keep on exporting their goods here even if we did a little cooking of the books. i believe.

Quote

So your plan to deal with the debt is to ignore it completely and then threaten nuclear winter and the potential extinction of the human race for anyone who questions it? Roll Eyes

of course not, i think you misunderstood my reference to nagasaki and hiroshima. we killed alot of people with those bombs. people that were innocent...and apparently it was justified. so if we can do something like that then there's nothing we can't do. including not paying our debts. and telling our creditors to stand in line.

Quote

You probably want to stop believing everything you hear on Fox News.

you don't do much reading do you?

https://dnyuz.com/2023/05/09/80000-illegal-migrants-heading-to-us-crossing-southern-border-as-title-42-ends/

As the Biden administration plans to wind down the pandemic-era border restriction on Thursday, broad swaths of migrants from South America have amassed at the U.S.-Mexico border, with some 80,000 currently stationed in Guatemala already planning to head to the southern border, according to a report.

there's even more coming after that... Shocked

o_e_l_e_o

legendary

Activity: 2268

Merit: 18586

Quote from: larry_vw_1955 on May 08, 2023, 07:07:48 PM

and they wouldn't have a choice. what are they going to do?

You think we are the only country in the world which trades with other countries? If we deliberately trash our currency, then every other country will just trade elsewhere. No reason for them to trade with us when they know we are so untrustworthy.

Quote from: larry_vw_1955 on May 08, 2023, 07:07:48 PM

if we're willing to drop atomic bombs on countries then i'd say this is much less severe than that.

So your plan to deal with the debt is to ignore it completely and then threaten nuclear winter and the potential extinction of the human race for anyone who questions it? Roll Eyes

Quote from: larry_vw_1955 on May 08, 2023, 10:24:32 PM

it won't be long until the usa is under their complete control. and say goodbye to modern society when that happens.

You probably want to stop believing everything you hear on Fox News.

larry_vw_1955

sr. member

Activity: 1036

Merit: 350

Quote from: cabron on May 08, 2023, 10:42:46 PM

Those millions crossing borders will be a labor force in the country which I think is a plan.

i don't really see how that works though. what kind of jobs exactly? isn't there already a job shortage? AI isn't going to make that any better. plus these millions will put a strain on the healthcare system. because they will get free healthcare which is kind of good because it should be free but health insurance premiums are already high enough and guess whose premiums will be going up because of all of this?

Quote

Debt is still there but inflation will definitely devalued that debt. The $1Trillion coin proposal I think is not so bad to do with situation this time where Yellen already broke the story that they are out of cash this June. USD value will plunged but it will still be alive. And they have plans to launch CBDC already if I remember this will be in June or July which will save the economy still with a pinky promise but it will work.

maybe the $1 trillion coin is ok to do once but that's a slippery slope. if they do it once, they'll do it again. and again ....

cabron

hero member

Activity: 2800

Merit: 595

https://www.betcoin.ag

Quote from: larry_vw_1955 on May 08, 2023, 10:24:32 PM

Quote from: cryptosize on May 08, 2023, 09:54:45 PM

https://www.youtube.com/watch?v=OuOcnGAv4oo

In 410 AD Rome was overrun by barbarians...

i wonder how many barbarians it took to overrun Rome because it can't be as many as the # of migrants that have gotten into the usa. and they're still coming. i saw a video where they were floating up on the beach in florida. it's not just happening at the mexico border, they're attacking on other fronts too. it won't be long until the usa is under their complete control. and say goodbye to modern society when that happens. they trashed that expensive hotel, i heard, leaving empty beer bottles and stuff. someone has to clean that crap up! Shocked

at some point i say they will head to washington and demand more money from joe biden and he'll be helpless to stop them.

Those millions crossing borders will be a labor force in the country which I think is a plan.

Debt is still there but inflation will definitely devalued that debt. The $1Trillion coin proposal I think is not so bad to do with situation this time where Yellen already broke the story that they are out of cash this June. USD value will plunged but it will still be alive. And they have plans to launch CBDC already if I remember this will be in June or July which will save the economy still with a pinky promise but it will work.

larry_vw_1955

sr. member

Activity: 1036

Merit: 350

Quote from: cryptosize on May 08, 2023, 09:54:45 PM

https://www.youtube.com/watch?v=OuOcnGAv4oo

In 410 AD Rome was overrun by barbarians...

i wonder how many barbarians it took to overrun Rome because it can't be as many as the # of migrants that have gotten into the usa. and they're still coming. i saw a video where they were floating up on the beach in florida. it's not just happening at the mexico border, they're attacking on other fronts too. it won't be long until the usa is under their complete control. and say goodbye to modern society when that happens. they trashed that expensive hotel, i heard, leaving empty beer bottles and stuff. someone has to clean that crap up! Shocked

at some point i say they will head to washington and demand more money from joe biden and he'll be helpless to stop them.

cryptosize

sr. member

Activity: 1624

Merit: 294

Quote from: larry_vw_1955 on May 08, 2023, 08:39:52 PM

Quote from: cryptosize on May 08, 2023, 07:55:37 PM

Quote from: be.open on May 08, 2023, 04:49:55 PM

“We will not increase the size of the national debt that every U.S. president has done for 6 million years,” Biden said. Grin

Sleepy Senile Joe makes America look like a joke country or something.

what about all those migrants living in the $700 per night hotel that has 500 rooms. what kind of country does that? one that is going down in flames. that's what. and the best part is...it's all at taxpayer expense.

people can forget about the national debt problem. and start worrying about the usa being invaded and overrun because that's exactly what is happening. Shocked

https://www.youtube.com/watch?v=OuOcnGAv4oo

In 410 AD Rome was overrun by barbarians...

larry_vw_1955

sr. member

Activity: 1036

Merit: 350

Quote from: cryptosize on May 08, 2023, 07:55:37 PM

Quote from: be.open on May 08, 2023, 04:49:55 PM

“We will not increase the size of the national debt that every U.S. president has done for 6 million years,” Biden said. Grin

Sleepy Senile Joe makes America look like a joke country or something.

what about all those migrants living in the $700 per night hotel that has 500 rooms. what kind of country does that? one that is going down in flames. that's what. and the best part is...it's all at taxpayer expense.

people can forget about the national debt problem. and start worrying about the usa being invaded and overrun because that's exactly what is happening. Shocked

cryptosize

sr. member

Activity: 1624

Merit: 294

Quote from: be.open on May 08, 2023, 04:49:55 PM

“We will not increase the size of the national debt that every U.S. president has done for 6 million years,” Biden said. Grin

Sleepy Senile Joe makes America look like a joke country or something.

Topic: Fed on brink of fifth(?) round of quantitative easing - page 6. (Read 2366 times)