Gold collapsing. Bitcoin UP. - page 1398.

bitcool

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Live and enjoy experiments

Quote from: LightRider on September 14, 2012, 04:47:45 PM

Quote from: bitcool on September 14, 2012, 06:42:05 AM

Quote from: sunnankar on September 14, 2012, 03:18:47 AM

My opinion, but I think Cypherdoc and I are in the same neighborhood ...

That's odd because I think you are in our PM bug's neighborhood, and Cypherdoc is in Bob's neighborhood; you are implying we are all in the same neighborhood.

The very thought that Bob Prechter may live in my neighborhood sends chill down my spine Shocked

We all share one planet.

Hi Bob, tell me again, what happened to my money? Grin

LightRider

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I advocate the Zeitgeist Movement & Venus Project.

Quote from: bitcool on September 14, 2012, 06:42:05 AM

Quote from: sunnankar on September 14, 2012, 03:18:47 AM

My opinion, but I think Cypherdoc and I are in the same neighborhood ...

That's odd because I think you are in our PM bug's neighborhood, and Cypherdoc is in Bob's neighborhood; you are implying we are all in the same neighborhood.

The very thought that Bob Prechter may live in my neighborhood sends chill down my spine Shocked

We all share one planet.

MoneyIsDebt

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Quote from: tvbcof on September 14, 2012, 12:56:18 AM

I consider money to be exclusively debt

I just had to preserve that.

bitcool

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Live and enjoy experiments

Quote from: sunnankar on September 14, 2012, 03:18:47 AM

My opinion, but I think Cypherdoc and I are in the same neighborhood ...

That's odd because I think you are in our PM bug's neighborhood, and Cypherdoc is in Bob's neighborhood; you are implying we are all in the same neighborhood.

The very thought that Bob Prechter may live in my neighborhood sends chill down my spine Shocked

sunnankar

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Quote from: tvbcof on September 14, 2012, 12:56:18 AM

You? Or Cypherdoc?

The distinction vis-a-vis numeraire is a good point to make. I consider money to be exclusively debt (for now at least

My opinion, but I think Cypherdoc and I are in the same neighborhood and any differences are not that large.

If you do not build your reasoning on clear and concise definitions of words then how can you construct very useful and applicable models from theories?

tvbcof

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Quote from: sunnankar on September 13, 2012, 10:57:19 PM

Quote from: tvbcof on September 13, 2012, 05:12:26 PM

Quote from: Dusty on September 13, 2012, 01:01:49 PM

Cypherdoc: are you still a deflationist...?

I think the issue is: deflationish in which numeraire?

In FRN$ probably a high or very high inflationist; thus QE to infinity due to derivative evaporations and debt destruction. In gold, yes, a huge deflationist.

You? Or Cypherdoc?

The distinction vis-a-vis numeraire is a good point to make. I consider money to be exclusively debt (for now at least, and as long as Bernanke and his managers are defining things) and figure that as long as the debt can be pawned off on someone who will not unload it or require to much by way of interest payments, there is enough flexibility in the system to march along. To quote Dick Cheney, "Deficits don't matter."

Perhaps trading new debt for various derivatives mis-calculated by the nature of the shell games which define them would help various large institutions with their books and in return they will absorb as much debt as necessary debt at 'favorable' terms? Since the health of their books are highly dependent on how the laws are written (and/or enforced) and that is the job of the government, the government who needs a sink for the debt is well positioned to sweeten the deal. So, at the end of the day (or this day at least) I consider myself in the 'inflationist' camp. Again, though, it is because I ignore all numeraire saved debt instruments (which I assume due more to conventional wisdom than true understanding must continue to grow to stave off collapse.)

jojo69

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diamond-handed zealot

TO INFINITY AND BEYOND!!!

miscreanity

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Quote from: sunnankar on September 13, 2012, 10:57:19 PM

Quote from: tvbcof on September 13, 2012, 05:12:26 PM

Quote from: Dusty on September 13, 2012, 01:01:49 PM

Cypherdoc: are you still a deflationist...?

I think the issue is: deflationish in which numeraire?

In FRN$ probably a high or very high inflationist; thus QE to infinity due to derivative evaporations and debt destruction. In gold, yes, a huge deflationist.

Yet another good piece from KWN.

Currency inflation is a form of deleveraging that offers the illusion of normalcy; asset value deflation is being replaced by monetary instrument deflation. If the base currency is inflated to meet the level of debt, the ratio becomes 1:1 and defaults technically don't occur. End result: artificial shortages of real assets and major social turmoil.

sunnankar

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Quote from: tvbcof on September 13, 2012, 05:12:26 PM

Quote from: Dusty on September 13, 2012, 01:01:49 PM

Cypherdoc: are you still a deflationist...?

I think the issue is: deflationish in which numeraire?

In FRN$ probably a high or very high inflationist; thus QE to infinity due to derivative evaporations and debt destruction. In gold, yes, a huge deflationist.

tvbcof

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Quote from: Dusty on September 13, 2012, 01:01:49 PM

Cypherdoc: are you still a deflationist...?

Dusty

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Libertas a calumnia

Quote from: bitcool on September 13, 2012, 03:19:11 PM

Not sure about cypherdoc, but you should avoid Bob Prechter at all cost:[...]

Noted.

Regarding this new now enormous and probably never-ending QE, in another article:

In an unprecedented and controversial move, the Federal Reserve today announced the initiation of an open-ended round of Quantitative Easing (QE3) and extended the period for which it will keep rates between 0 and 1/4% to mid-2015.
[...]
Unlike QE1 and QE2, no dollar amount or time-limit was placed on the program. The Fed essentially announced it will be purchasing $40 billion in MBS per month until further notice.

This is a monster, huge, gargantuan change from prior operations. QE1 "cost" $1.7 trillion. QE2 was half a trillion, give or take. The new plan isn't really QE3, because it's never scheduled to end. It is an entirely different, frightening animal.

Helicopter Ben in full swing

Adrian-x

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Quote from: silverbox on September 13, 2012, 02:44:15 PM

This thread was started 3/13:

Bitcoin 5.40

Gold 1690

today 9/13:

Bitcoin 11.31 (up ~109%)

Gold 1765 (up ~4%)

BTC seems to be holding steady, after the 35% crash, in the 10-11 range.

Gold is UP (QE forever is now HERE)

BTC is still outperforming gold.

GPL 2.35 (Silver lg @ 1.98) Hmm, the pick that I made that Cypher called irresponsible IIRC.. up 19%... and rising..

+1 (QE forever is now HERE)

MatthewLM

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As much as I hate QE, I have been vindicated and cypherdoc was wrong. There you go... finally.

bitcool

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Live and enjoy experiments

Not sure about cypherdoc, but you should avoid Bob Prechter at all cost:
http://articles.businessinsider.com/2011-02-25/markets/30072830_1_predictions-stock-market-robert-prechter
"Greatest wealth destroyer in the financial pundit world."

silverbox

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This thread was started 3/13:

Bitcoin 5.40

Gold 1690

today 9/13:

Bitcoin 11.31 (up ~109%)

Gold 1765 (up ~4%)

BTC seems to be holding steady, after the 35% crash, in the 10-11 range.

Gold is UP (QE forever is now HERE)

BTC is still outperforming gold.

GPL 2.35 (Silver lg @ 1.98) Hmm, the pick that I made that Cypher called irresponsible IIRC.. up 19%... and rising..

silverbox

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Quote from: silverbox on June 20, 2012, 11:17:38 AM

Quote from: cypherdoc on June 20, 2012, 11:14:06 AM

Quote from: silverbox on June 20, 2012, 10:28:30 AM

Quote from: cypherdoc on June 20, 2012, 09:22:31 AM

The Silverox Update:

Bitcoin: +21.7%

Gold: -6%

Diff: 27.7%

Cover that short on GLD yet? Last chance Wink

sell GPL or the other miners yet? last chance Wink

Naw, they ain't gonna stop printing money, if the fed doesn't QE, I just wait, if they do QE, you will never see silver/gold this low again (and you'll be eating those shorts, hopefully sooner rather then later cause it gets ugly fast if you have to eat your shorts Wink

)

Remeber this? My waiting looks to be over, YO!

Dusty

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Libertas a calumnia