Topic: Gold collapsing. Bitcoin UP. - page 358. (Read 2032266 times)
see last line of slide:
snip...
apropo to whether or not our 1MB core devs will allow Bitcoin to develop as mobile money which is necessary for it to develop as digital gold.
snip...
apropo to whether or not our 1MB core devs will allow Bitcoin to develop as mobile money which is necessary for it to develop as digital gold.
on that point
I was listening to George Gilder, https://youtu.be/9T9b-X0X9FY a shining light on the future of money and Bitcoin. (i don't like is thoughts that Bitcoin will evolve into a PoS system, but otherwise he is almost clairvoyant when it comes to how Bitcoin can evolve)
He made some great points with regards to MV = PT, He points out where monetarist theory fails - falls flat on its face, is monetarists see Money Velocity as relatively constant in there predictions and forecasting.
thus my thought - Limiting Bitcoins velocity to a maximum number of transactions that can be recorded in a fixed Block Size, is somewhat analogous to the lack of insight held by monetarists, in determining healthy monetary policy.
the bond managers are getting desperate. anything to make their bond portfolio prices go up.
note that this guy doesn't ever truly think that gvt manipulation of interest rates will ever be to the upside; he knows they're a one trick pony. it would just be a matter of how negative they want to take them to screw the savers to his benefit:
http://www.telegraph.co.uk/finance/personalfinance/comment/11602399/Ban-cash-end-boom-and-bust.html
note that this guy doesn't ever truly think that gvt manipulation of interest rates will ever be to the upside; he knows they're a one trick pony. it would just be a matter of how negative they want to take them to screw the savers to his benefit:
http://www.telegraph.co.uk/finance/personalfinance/comment/11602399/Ban-cash-end-boom-and-bust.html
LOL! End boom and bust by sticking only to bust?
The more they squeeze though, the more that making a compelling case for Bitcoin to everyone who learns of it becomes easy.
why don't they just tell us what to buy how much of it and when.
like if my friend saved up to much money he should be forced by law to take an expensive trip.
Peter Schiff will probably be right; another QE before an interest rate hike.
Arent they opposite? QE to stimulate and interest rates rise to stiffle spending? If qe happens before rates rise that would be catalyst for total loss of confidence in the people in charge.
if i'm right about the stock mkt starting to roll over given the $DJT break of support, then yes, QE before interest rate hike to try and save Wall St.
as far as the latter, i think the CB's have already lost alot of ppl's confidence.
the bond managers are getting desperate. anything to make their bond portfolio prices go up.
note that this guy doesn't ever truly think that gvt manipulation of interest rates will ever be to the upside; he knows they're a one trick pony. it would just be a matter of how negative they want to take them to screw the savers to his benefit:
http://www.telegraph.co.uk/finance/personalfinance/comment/11602399/Ban-cash-end-boom-and-bust.html
note that this guy doesn't ever truly think that gvt manipulation of interest rates will ever be to the upside; he knows they're a one trick pony. it would just be a matter of how negative they want to take them to screw the savers to his benefit:
http://www.telegraph.co.uk/finance/personalfinance/comment/11602399/Ban-cash-end-boom-and-bust.html
LOL! End boom and bust by sticking only to bust?
The more they squeeze though, the more that making a compelling case for Bitcoin to everyone who learns of it becomes easy.
why don't they just tell us what to buy how much of it and when.
like if my friend saved up to much money he should be forced by law to take an expensive trip.
Peter Schiff will probably be right; another QE before an interest rate hike.
Arent they opposite? QE to stimulate and interest rates rise to stiffle spending? If qe happens before rates rise that would be catalyst for total loss of confidence in the people in charge.
the bond managers are getting desperate. anything to make their bond portfolio prices go up.
note that this guy doesn't ever truly think that gvt manipulation of interest rates will ever be to the upside; he knows they're a one trick pony. it would just be a matter of how negative they want to take them to screw the savers to his benefit:
http://www.telegraph.co.uk/finance/personalfinance/comment/11602399/Ban-cash-end-boom-and-bust.html
note that this guy doesn't ever truly think that gvt manipulation of interest rates will ever be to the upside; he knows they're a one trick pony. it would just be a matter of how negative they want to take them to screw the savers to his benefit:
http://www.telegraph.co.uk/finance/personalfinance/comment/11602399/Ban-cash-end-boom-and-bust.html
LOL! End boom and bust by sticking only to bust?
The more they squeeze though, the more that making a compelling case for Bitcoin to everyone who learns of it becomes easy.
why don't they just tell us what to buy how much of it and when.
like if my friend saved up to much money he should be forced by law to take an expensive trip.
Peter Schiff will probably be right; another QE before an interest rate hike.
and that will fix it, crisis averted! fuck these guys are pure genius!
the bond managers are getting desperate. anything to make their bond portfolio prices go up.
note that this guy doesn't ever truly think that gvt manipulation of interest rates will ever be to the upside; he knows they're a one trick pony. it would just be a matter of how negative they want to take them to screw the savers to his benefit:
http://www.telegraph.co.uk/finance/personalfinance/comment/11602399/Ban-cash-end-boom-and-bust.html
note that this guy doesn't ever truly think that gvt manipulation of interest rates will ever be to the upside; he knows they're a one trick pony. it would just be a matter of how negative they want to take them to screw the savers to his benefit:
http://www.telegraph.co.uk/finance/personalfinance/comment/11602399/Ban-cash-end-boom-and-bust.html
LOL! End boom and bust by sticking only to bust?
The more they squeeze though, the more that making a compelling case for Bitcoin to everyone who learns of it becomes easy.
why don't they just tell us what to buy how much of it and when.
like if my friend saved up to much money he should be forced by law to take an expensive trip.
Peter Schiff will probably be right; another QE before an interest rate hike.
the most dangerous chart on the planet, right now.
tomorrow is going to be a big day, i'd guess. either a big down or big up sticksave:
tomorrow is going to be a big day, i'd guess. either a big down or big up sticksave:
the bond managers are getting desperate. anything to make their bond portfolio prices go up.
note that this guy doesn't ever truly think that gvt manipulation of interest rates will ever be to the upside; he knows they're a one trick pony. it would just be a matter of how negative they want to take them to screw the savers to his benefit:
http://www.telegraph.co.uk/finance/personalfinance/comment/11602399/Ban-cash-end-boom-and-bust.html
note that this guy doesn't ever truly think that gvt manipulation of interest rates will ever be to the upside; he knows they're a one trick pony. it would just be a matter of how negative they want to take them to screw the savers to his benefit:
http://www.telegraph.co.uk/finance/personalfinance/comment/11602399/Ban-cash-end-boom-and-bust.html
LOL! End boom and bust by sticking only to bust?
The more they squeeze though, the more that making a compelling case for Bitcoin to everyone who learns of it becomes easy.
why don't they just tell us what to buy how much of it and when.
like if my friend saved up to much money he should be forced by law to take an expensive trip.
The age old model is that when the banks get out of control, a few fail (or a few hundred) and it resets as the survivors scoop up the remains. Now with the use of state power, they have taxpayer funded bailouts, bail-ins and all sorts of new ways to destroy wealth.
It was the emergence of the "Too Big To Fail" policy which created this and was effectively codified into law with the LTCM bailout in the late 1990s.
To Big To Fail = disabling the clearing mechanism which is necessary for a functioning capitalist society. If you are too big to fail, then you can do anything and be as inefficient as possible, but that inefficiency will never be cleared out of the market.
The creation of the FED in 1913 was essentially to formation of a too big to fail policy at the government level (before the US gov would have to go for bailouts itself). But as you pointed out banks and other industry were still allowed to fail. This stopped in the 1990s and TBTF was extended to corporations, which is why every corporate entity from banks to auto manufactures (i.e. GM/Chrysler) have tried to position themselves as too big to fail.
This will continue until the dollar fails, effectively destroying the too big to fail enabler.
real trouble in bond land:
investment grade:
investment grade:
if this was bitcoin I would be shitting my pants now.
accelerating to the downside now.
sidhujag, heads up.
sidhujag, heads up.
the bond managers are getting desperate. anything to make their bond portfolio prices go up.
note that this guy doesn't ever truly think that gvt manipulation of interest rates will ever be to the upside; he knows they're a one trick pony. it would just be a matter of how negative they want to take them to screw the savers to his benefit:
http://www.telegraph.co.uk/finance/personalfinance/comment/11602399/Ban-cash-end-boom-and-bust.html
note that this guy doesn't ever truly think that gvt manipulation of interest rates will ever be to the upside; he knows they're a one trick pony. it would just be a matter of how negative they want to take them to screw the savers to his benefit:
http://www.telegraph.co.uk/finance/personalfinance/comment/11602399/Ban-cash-end-boom-and-bust.html
LOL! End boom and bust by sticking only to bust?
The more they squeeze though, the more that making a compelling case for Bitcoin to everyone who learns of it becomes easy.
the bond managers are getting desperate. anything to make their bond portfolio prices go up.
note that this guy doesn't ever truly think that gvt manipulation of interest rates will ever be to the upside; he knows they're a one trick pony. it would just be a matter of how negative they want to take them to screw the savers to his benefit:
http://www.telegraph.co.uk/finance/personalfinance/comment/11602399/Ban-cash-end-boom-and-bust.html
note that this guy doesn't ever truly think that gvt manipulation of interest rates will ever be to the upside; he knows they're a one trick pony. it would just be a matter of how negative they want to take them to screw the savers to his benefit:
http://www.telegraph.co.uk/finance/personalfinance/comment/11602399/Ban-cash-end-boom-and-bust.html
They exchange function for confidence, the real for the prettier illusion.
I suppose it is a risk... If you are running such a really long con, even your successors might fall for it.
100 years is such a long time that anyone working at a CB has to believe that they are following tried and tested principles.I suppose it is a risk... If you are running such a really long con, even your successors might fall for it.
Those two factors created wealth at a faster rate than the central banks could destroy it. So much so, that it wasn't apparent to anyone that the central banks were destroying wealth at all.
That no longer appears to be the case.
I like this view.
Its pretty accurate. In the last decade though, they have been getting pretty greedy. The TARP bailout sort of broke the model harshly in their favor.
The age old model is that when the banks get out of control, a few fail (or a few hundred) and it resets as the survivors scoop up the remains. Now with the use of state power, they have taxpayer funded bailouts, bail-ins and all sorts of new ways to destroy wealth.
The war on cash includes most of the AML powers along with it. When the reporting requirement of US$10K was enacted in the 70's it was quite a chunk of cash. Now with a bit of inflation mixed in, it is not an uncommon monthly pay for folks in large US cities. But that isn't happening fast enough, so banks must keep a record of transactions as small as US$1K cash and report on as small as US$2K transactions.
http://www.fincen.gov/financial_institutions/msb/materials/en/bank_reference.html
Quote
Currency Exchanges of More Than $1,000
Currency exchangers must keep a record of each exchange totaling more than $1,000 in either domestic or foreign currency.
How to record a currency exchange:
1. Record customer information.
2. Record transaction information.
3. Keep the record for 5 years from the date of transaction.
Suspicious Activity Reporting Requirements
Certain money services businesses – businesses that provide money transfers or currency dealing or exchange; or businesses that issue, sell, or redeem money orders or traveler’s checks – must report suspicious activity involving any transaction or pattern of transactions at or above a certain amount:
$2,000 or more;
$5,000 or more for issuers reviewing clearance records.
You have 30 calendar days to file a SAR after becoming aware of any suspicious transaction that is required to be reported.
Currency exchangers must keep a record of each exchange totaling more than $1,000 in either domestic or foreign currency.
How to record a currency exchange:
1. Record customer information.
2. Record transaction information.
3. Keep the record for 5 years from the date of transaction.
Suspicious Activity Reporting Requirements
Certain money services businesses – businesses that provide money transfers or currency dealing or exchange; or businesses that issue, sell, or redeem money orders or traveler’s checks – must report suspicious activity involving any transaction or pattern of transactions at or above a certain amount:
$2,000 or more;
$5,000 or more for issuers reviewing clearance records.
You have 30 calendar days to file a SAR after becoming aware of any suspicious transaction that is required to be reported.
They exchange function for confidence, the real for the prettier illusion.
I suppose it is a risk... If you are running such a really long con, even your successors might fall for it.
100 years is such a long time that anyone working at a CB has to believe that they are following tried and tested principles.I suppose it is a risk... If you are running such a really long con, even your successors might fall for it.
Those two factors created wealth at a faster rate than the central banks could destroy it. So much so, that it wasn't apparent to anyone that the central banks were destroying wealth at all.
That no longer appears to be the case.
I like this view.
the only thing left is the stock mkt.
the Transports look like they will crack support. once that happens, the flood gates should open. if the $DJI cracks it's secondary low point, we will have confirmation of the long standing multi-month non confirmation which will really open the gates of hell.
sell in May and go away.
the Transports look like they will crack support. once that happens, the flood gates should open. if the $DJI cracks it's secondary low point, we will have confirmation of the long standing multi-month non confirmation which will really open the gates of hell.
sell in May and go away.
everything US turning down:
TLT:
$DXY:
TLT:
$DXY:
real trouble in bond land:
investment grade:
junk:
muni:
investment grade:
junk:
muni:
see last line of slide:
apropo to whether or not our 1MB core devs will allow Bitcoin to develop as mobile money which is necessary for it to develop as digital gold.
apropo to whether or not our 1MB core devs will allow Bitcoin to develop as mobile money which is necessary for it to develop as digital gold.
To me they seem less depressing and more simply incomprehensible.
Could you be more specific please? Because my posts were very specific. You have not stated what specifically I enumerated which you think is incomprehensible?
And you post the following which supports my thesis:
Yet another escalation in the international War on Cash:
https://www.cryptocoinsnews.com/denmark-central-bank-stop-printing-money-shops-can-refuse-accept-notes-coins/
https://www.cryptocoinsnews.com/denmark-central-bank-stop-printing-money-shops-can-refuse-accept-notes-coins/
Incomprehensible likely because I've not yet discovered your thesis.
Thus, I'm not arguing for or against you.
The war on cash has been long and ongoing. Bitcoin is as of now the most stalwart defense, but it is in its infancy.
From what I've gleened so far, I would offer this observation:
It fundamentally does NOT require any conspiracy when incentives are naturally aligned, (as they are with the many governments beholden to central banks). These entities do not even need to collude. Basic economics and game theory teaches us this, if nothing else.
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