Topic: Gold collapsing. Bitcoin UP. - page 1430. (Read 2032272 times)

Seems like cypherdoc forgets to post the updates on those days ;-)

Gold seems to be doing nicely today.

They went under 500!!       

^ a carefully considered, reasoned and sober post as I have seen

With Ben Bernanke heading the fed...he will over compensate with huge inflation after some shorter term deflation (6months to 18months)

No, but it can last a long time.

Im sure I have asked this before, and you probably answered me then, but what is the end game of this DEFLATION?

The way I see it the US is enjoying a bit of deflation right now, but that enjoyment will quickly dissipate and turn to fear... and the presses get turned back on.

We cant have deflation forever, can we?

DEFLATION is EVERYWHERE.

Our analysis differs somewhat.

 - I don't think the world has (relatively speaking) yet realized any significant supply problems and probably will not for some time particularly if the economies stay sluggish.  There is, however, some political utility in making mountains out of the current mole hills...invented or real.

 - I expect that the US and a few other Western societies are much less dependent on oil for 'legacy infrastructure' reasons than most.  Particularly the large developing BRICs countries.  In the most optimistic circumstances it takes a great deal of time and wealth make semi-significant infrastructure shifts, and would be much more challenging for countries fighting a rear-guard action just keeping their populations fed.

 - I expect China to be run out of most of the other countries you mention as easily as they were run out of Libya and Iraq as needed.  Absent some pretty significant shifts in power structures and modes of political and military operations, that is.  China can buy any resource they want and their stake is effectively nullified when we install some new puppet to head things up.

Now as best I can tell, China's methods of assisting with civilian infrastructure projects and making themselves useful at various tiers of the trade economy is setting that nation up with a much more favorable rating amongst the general populations of the various third-world countries.  This compared to our blatant support of some pretty awful despots when that seems like the path of least resistance (the common-case in most parts of the world...which, to be fair, a practice not unknown for China to partake in...)  I do believe that this popular support will be one of China's aces in the hole in future times.

That last part is something of a point of agreement I guess.

It would not surprise me if China did not feel that the planets were aligned enough to make their move for some time.  Perhaps not in my lifetime.  My best hope is that there will come a point when the the West has something of an organic collapse in the West and China steps into their place with minimal fuss and loss of life.

That's what Pirate's doing...

What goes up and upper, at some point has to come back down.
Let's hope that this will be a soft landing, not crashing and burning. It may get interesting if the banksters start playing with BTCs like they do with PMs.

Gold down, Bitcoin UP.

Oil is the primary concern for the US because of a legacy infrastructure. Access to the resources necessary for moving away from oil dependence are being secured by China and other nations while the US expends energy just to maintain itself.

Watch for 'surprise' advances in diverse energy generation technologies, and China's continuing moves on natural resource acquisitions - especially partnerships.

The pattern has been one of low-level expansion and integration. There is no need for direct conflict, only a show of force to distract and demonstrate capability. As the west forcefully blusters about, China and others have civilly ingratiated themselves among the most resource-rich regions through business partnerships. In other words, China is not just China - it is also Angola, Australia, Brazil, Estonia, Kenya, Mongolia, Thailand, Uruguay etc... China's strength is highly present in its relationships, exactly where the US is weak.

You saw how easy it was to run the Chinese out of Libya literally by the ship full.  'Joe Kony' could pop up anywhere in Africa and both the left and right wings of our population would be foaming at the bit to send in the Marines.

We almost completely control the land routes for fossil fuels transport out of the parts of the Middle East that we allow it to be drawn from with the notable exception Iran, but that hole is primed and ready to go...and in the mean time, it's funny that it's so hard to find a nation who has not been, by our incredible grace, granted an exemption to do business with the Persians which demonstrates our control of their resources anyway.

I suspect is the biggest lever we have over China at this point is the threat of an actual invasion of the oil producing parts of Iran (Khuzestan.)  I heard a little news clip the other day that they blew the dust off some old cold war war-plans which happened to take this area in the process of halting the Rooskies...and since we have no more modern plans we would probably just have to go with those old outdated ones.

China will be our bitches until they decide to finally put up a fight.  If/when that day comes, I am supposing that they will eventually come out on top since they have the boots to put on the ground...if any of us are lucky enough to survive the event that is.

hehe. On  the ariticle, someone should point the writer to 1999......  The fad of the last 5 years or so has been for the Chinese to purchase commoditites using the over priced bonds. ;p In a round about or not so round about way.

TL;DR they have found unique ways to cash out the shit bonds and profit at the same time.

So the US debt ponzi trumps all lesser ponzis. I guess I can accept that. What is with me seeing ponzis everywhere?

Eureka!  Cypherdoc is a Chinese and succumbed to one of the many U.S.'s ploys to convince them that it is not something worth owning.  That must be it.  If not, maybe he was just collateral damage in some disinformation campaign.