Gold collapsing. Bitcoin UP. - page 1177.

Erdogan

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Quote from: BitcoinAshley on February 03, 2014, 12:18:21 PM

Quote from: Bagatell on February 03, 2014, 05:23:39 AM

Quote from: rpietila on February 03, 2014, 04:56:25 AM

So it was in Roman times, and the decline lasted for hundreds of years, so it will be now.

Hundreds of years? I think not. Everything is moving so much faster now. Hundreds of days perhaps.

Yes, in Rome they did not have The Internets

They also did not have Bitcoin Cool

This year. where does it start? Nobody knows, it is a lottery. Maybe, just maybe, it has already started.

zeetubes

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This is an article by Bud Conrad from today. Probably one of the best "old school" analysts around and definitely the clearest writer. Definitely worth reading imo.

http://www.caseyresearch.com/articles/now-is-the-time-to-buy-gold

sidhujag

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Quote from: NewLiberty on February 03, 2014, 03:38:05 PM

Quote from: rocks on February 03, 2014, 12:58:21 PM

However us mere mortals know that everything lives in the real world, and when that reality catches up to the FED it won't end well.

It seems that it will end VERY well for them, just not for anyone else.
And if they ever do move into Bitcoin, following the money will be somewhat easier than it is with the entirely unauditable central bank.

Do you really think they would make us the new 1% elites? Just so that they can move to a system after the big crash? More likely they would start their own ripple based idea and force others to use it as legal tender?

NewLiberty

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Gresham's Lawyer

Quote from: rocks on February 03, 2014, 12:58:21 PM

However us mere mortals know that everything lives in the real world, and when that reality catches up to the FED it won't end well.

It seems that it will end VERY well for them, just not for anyone else.
And if they ever do move into Bitcoin, following the money will be somewhat easier than it is with the entirely unauditable central bank.

rocks

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Quote from: ?? on ??

Quote from: NewLiberty on February 02, 2014, 10:56:14 AM

Who bails out the Fed when it is insolvent. If interest rates start climbing at all, it can wipe them out pretty swiftly.

The IMF?
The US Taxpayer?
Neither of these have the funds to do it.

cant they keep printing?

The FED bails out the FED by using the money printer.

If the FED was a real bank there would have been a bank run a long time ago. They are levered something like 100-to-1 against their minimal capital base, while even regular mega-banks are no where near that. The simple reason is the FED can create capital at will, so there is zero risk of them going negative.

If it makes the banking system seems like a magical fairy land with unicorns not grounded in reality, that is because the FED does operate as if the magical fairly land is real. However us mere mortals know that everything lives in the real world, and when that reality catches up to the FED it won't end well.

BitcoinAshley

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Quote from: Bagatell on February 03, 2014, 05:23:39 AM

Quote from: rpietila on February 03, 2014, 04:56:25 AM

So it was in Roman times, and the decline lasted for hundreds of years, so it will be now.

Hundreds of years? I think not. Everything is moving so much faster now. Hundreds of days perhaps.

Yes, in Rome they did not have The Internets

They also did not have Bitcoin Cool

NewLiberty

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Gresham's Lawyer

Quote from: User705 on February 03, 2014, 01:44:16 AM

Quote from: NewLiberty on February 03, 2014, 12:52:04 AM

Quote from: cypherdoc on February 03, 2014, 12:40:55 AM

Partial review of the bailout programs:

http://money.cnn.com/news/storysupplement/economy/bailouttracker/

Neil Barofsky's final estimate was around $23-29T.

So about US$200K per taxpayer? The cure was worse than the disease.

Depends if you have more than 200k to your name or less.

Are the folks with over-under US$200K the one's in the game?
Seems that the folks who made out like bandits were those with the most negative $.
The more debt you got from the fed, the more you could make loaning out the zero interest money they were gifting to the uber-rich debtors.
The current winners are the folks with thousands of low interest mortgages and buying a hundred houses a day with this low interest debt. Concentration of the debt personalizes the reward and socializes the risk.

Bagatell

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Quote from: rpietila on February 03, 2014, 04:56:25 AM

So it was in Roman times, and the decline lasted for hundreds of years, so it will be now.

Hundreds of years? I think not. Everything is moving so much faster now. Hundreds of days perhaps.

rpietila

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Quote from: sgbett on February 02, 2014, 08:00:41 PM

The fed *never* goes insolvent, they print whatever they want. The govt might very well. Inflation is the one they don't have any direct control over. They can report it how they wish though.

The whole financial system is a charade. A joke. When the government has an actual ability to force worthless scrip on people, the ability will be used to expand the government and suffocate the productive economy. The exact details are different and depend on era and culture, but it will never end until the domain is sucked dry of economic activity and people are generally literally starving. So it was in Roman times, and the decline lasted for hundreds of years, so it will be now.

marcus_of_augustus

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Eadem mutata resurgo

Quote from: cypherdoc on February 03, 2014, 12:40:55 AM

Partial review of the bailout programs:

http://money.cnn.com/news/storysupplement/economy/bailouttracker/

Neil Barofsky's final estimate was around $23-29T.

So if bitcoin were to soak up 10% of the bailout money it will be >$100k per coin ... just to give some perspective.

User705

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First 100% Liquid Stablecoin Backed by Gold

Quote from: NewLiberty on February 03, 2014, 12:52:04 AM

Quote from: cypherdoc on February 03, 2014, 12:40:55 AM

Partial review of the bailout programs:

http://money.cnn.com/news/storysupplement/economy/bailouttracker/

Neil Barofsky's final estimate was around $23-29T.

So about US$200K per taxpayer? The cure was worse than the disease.

Depends if you have more than 200k to your name or less.

NewLiberty

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Gresham's Lawyer

Quote from: cypherdoc on February 03, 2014, 12:40:55 AM

Partial review of the bailout programs:

http://money.cnn.com/news/storysupplement/economy/bailouttracker/

Neil Barofsky's final estimate was around $23-29T.

So about US$200K per taxpayer? The cure was worse than the disease.

cypherdoc

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Partial review of the bailout programs:

http://money.cnn.com/news/storysupplement/economy/bailouttracker/

Neil Barofsky's final estimate was around $23-29T.

NewLiberty

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Gresham's Lawyer

Quote from: sgbett on February 02, 2014, 08:00:41 PM

Quote from: NewLiberty on February 02, 2014, 10:56:14 AM

Who bails out the Fed when it is insolvent. If interest rates start climbing at all, it can wipe them out pretty swiftly.

The IMF?
The US Taxpayer?
Neither of these have the funds to do it.

I think the fed chooses the interest rate...

The fed *never* goes insolvent, they print whatever they want. The govt might very well. Inflation is the one they don't have any direct control over. They can report it how they wish though.

Fed chooses the target rate for bonds and the fed funds rate, the market chooses the actual rate for the bonds.
When buying slows the bond rate rises. For the last few years, the fed has been buying the treasury bonds to keep to its target rate.
This tapering of the buying... who in their right mind is going to pick up the slack?

sidhujag

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Old is gold lol no its just that these are the inportant ones everyone should know.. The rollingstones one was from 2011 so its old too in that sense

sgbett

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Quote from: smoothie on February 02, 2014, 07:47:48 PM

Quote from: sidhujag on February 02, 2014, 01:49:22 PM

I got plenty more:

http://www.zerohedge.com/article/whistleblower-exposes-jp-morgans-silver-manipulation-scheme

Isn't this old news? Or did I miss something?

Submitted by Tyler Durden on 03/25/2010

very old

sgbett

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Quote from: NewLiberty on February 02, 2014, 10:56:14 AM

Who bails out the Fed when it is insolvent. If interest rates start climbing at all, it can wipe them out pretty swiftly.

The IMF?
The US Taxpayer?
Neither of these have the funds to do it.

I think the fed chooses the interest rate...

The fed *never* goes insolvent, they print whatever they want. The govt might very well. Inflation is the one they don't have any direct control over. They can report it how they wish though.

smoothie

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Activity: 2492

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LEALANA Bitcoin Grim Reaper

Quote from: sidhujag on February 02, 2014, 01:49:22 PM

I got plenty more:

http://www.zerohedge.com/article/whistleblower-exposes-jp-morgans-silver-manipulation-scheme

Isn't this old news? Or did I miss something?

sidhujag

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I got plenty more:

http://www.zerohedge.com/article/whistleblower-exposes-jp-morgans-silver-manipulation-scheme

Dusty

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Libertas a calumnia

Quote from: cypherdoc on February 01, 2014, 05:53:17 PM

Quote from: sidhujag on February 01, 2014, 12:18:32 PM

One of the best reads on this: http://m.rollingstone.com/politics/news/the-real-housewives-of-wall-street-look-whos-cashing-in-on-the-bailout-20110411

I strongly urge anyone who hasnt read it to please read.

those kinda articles enrage the hell outta me. Matt Taiibi has done some of the best articles on that whole fiasco known as the GFC of 2008-9. the ripoffs were and are just astounding and were critical in understanding why Bitcoin was destined to do what it has done. totally unsurprising why we now have the greatest wealth disparity in this country since 1929.

I was so upset reading that article (thanks Taiibi, a rare example of journalism less and less found nowadays), that I had to translate it to Italian (thanks also to a friend that helped me).

So, for the italian ppl here: http://ilporticodipinto.it/content/le-vere-casalinghe-di-wall-street

Thanks so much to sidhujag for sharing: that kind of stuff is exactly why we need Bitcoin more than everything else.

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