Topic: Gold collapsing. Bitcoin UP. - page 412. (Read 2032286 times)

I'd be a lot happier to with more volume but still a good start.

screw the shorts:

now that's a bullish looking double bottom:

Bears are OOT.

Out of time. 

nice ramp, baby.  ouch.

wow thanks for putting this into perspective!

this is a big deal. gvt backing:

Bitcoin Exchange in Chile Gets Funding from Government

http://www.newsbtc.com/2015/04/21/bitcoin-exchange-in-chile-gets-funding-from-government/

like i said, you're doing a good job.  i was about to say...

That is nothing especially for the NYC/NJ area.

1) He looks fairly youngish which means he is at the bottom of the union pay scale. You can be sure that by the time he is 50 his salary will be well above $150K
2) That is the base only. For overtime he gets time and a half (or sometimes double). This can easily double a cop's pay. Have you ever seen them watching road construction at night or at a sporting event, they're getting bonus time for that.
3) The benefits are amazing.
4) They can retire at age 50 and receive not just their salary, but the average of their last 3 years salary+bonus, FOR LIFE. This often translates to $+200K/yr for life.
5) After "retiring" at 50 they can go back and work as "consultants" for the police and earn another 2nd salary, taking their total pay well above $250K

If you look at the pool of people ages 50-65 pulling in well over $250K, a very good chunk of them are not doctors or lawyers, but cops and other senior civil "servants".

What is even worse, is even though it is this bad, no politician will go after the cop's unions, because to do so would bring the full might of the police down on you.

The perfect example of this is Scott Walker who went after every single public sector union in WI, but didn't go anywhere near the cops. No one, not even the president, can go after these criminals.

Edit: For the first 100 years of US history, there were no standing police forces and the country seemed to do just fine. It was only in the late 1800s and early 1900s that the large east coast cities started to create standing police forces. It was a large debate at the time with many on the side of liberty arguing that standing police forces with the law behind them will inevitably become corrupt to the bone. They were proven right.

Jesus, I have to say US government workers seem to earn quite a salary.

New poll

They seem to be everywhere these days.

There's never just one cockroach:

www.theopenledger.com/nj-cop-caught-selling-stolen-bitcoin-mining-equipment/

Agreed 1000%, fuck gov't!

Those are just "services", not like if the governments are doing a helluva job "teaching" the poor kids anyway.. Still, taxes are increasing, one way or another.

Governments will ultimately go too far on the cash cow.. Corporacy lurking good. Google is more influent than USG already. ^^

Absolutely. I certainly don't think that government jobs "don't matter", and agree that some/many are essential to a stable society. It is a matter of how the employment statistics are increasingly tortured to make the case that unemployment is under control, and part of this is the millions of extra non-jobs created in the government sector in recent decades. Which then has the twin downsides of being unaffordable (perpetual deficits) and interventionist (cradle-to-grave nanny-state).



No direct references to hand, I just recall reading it a few times. Probably more of an interpretation from data, such as the census below, when GW was indeed a smaller percentage of the total.

Example: the US 1940 census

The census clearly separates GW from other types of employment, then it is up to the user of the stats to interpret what is full or productive employment.

Government jobs are not representative of production, they are representative of consumption.

That is not a statement that there should be no government jobs, there are of course a whole set of services that are required for a functioning society (courts, education, etc). But again, there are services for the well-being of a society, not production.

In viewing these services as production, we have allowed them to grow and grow and grow, to the point that the US consumes many more services than it produces. This works great as long as the US has a printing press combined with being the global reserve asset. But this over consumption of services is a misallocation of resources, services that are no longer supported by production.

Case in point, the decline of manufacturing and other blue collar jobs in the US, and the hollowing out of all opportunities for advancement for anyone not in the professional class. (with the exception of government jobs)

another alttime high for stocks comin up

I know we are in liberterian territory on this forum, but that's a bit much.  Whether a service is provided by a private firm or the government doesn't really matter as long as the service is being provided (and at the same or a similar cost).  Obviously, it can be argued that the private sector allocates capital more efficiently, and that government structure leads to squandering, but considering every job that is paid by the government as non-existent is a clear error (inb4 every government job does harm).

Really? That's awesome, I didn't know that. Any references? Not that it mattered to the calculation anyway since government workers only comprised an insignificant fraction of the working population.