Topic: Gold collapsing. Bitcoin UP. - page 573. (Read 2032291 times)

lol, as obnoxious and nonsensical as you can get, i've been roflmao with several of your posts this last week.

have you been drinking again?

Have you checked?  It's not clear to me just by looking.

she's a woman.  she'll tell you when she's good and ready.

What can she actually do, though?

I heard an interesting theory on a podcast the other day which matched my observation. Every Fed head has their crisis with which they are forced to deal with and given that's a fact, they prefer to take it early on in their term so they can clean up before the next head comes in. Nows the time for Janet.

The consequences of resuming QE are unaccceptable.

So are the consequences of not resuming QE.

Must be fun to be in any kind of decision-making position at the Federal Reserve right now.

Exactly with an additional subtlety. Not only does the Fed have to print, they have to stimulate confidence because they can never print enough to fill the debt hole  and especially the derivatives mountain. If anything, the last 6 years has shown dubious levels of confidence, if any, along with demonstrably worse real wage growth. The Internet has spawned nearly instantaneous documentation of all the stealing going on.

The last few ramps this year have been nearly vertical short squeezes by the invisible hand which shows increasing desperation, imo. Now is the time to be cautious.  

sidhuajag, I really don't think you're gonna find your masses piling into a final blow off top.

Rates will have to rise and after a few raises we will finally see more qe and final collapse of trust

The USD desperately wants to appreciate.

The reason the USD lost so much value over the last century was due, not to base money printing, but to credit expansion, a.k.a debt issuance.

Debt is temporary. It's either repaid, or else defaulted. Either way of resolving debt shrinks the money supply as much as the original issuance expanded it.

As long as the population was growing, and as long as the middle class had positive savings, it was possible to expand credit. Now both conditions are no longer true.

Since it's no longer possible to continue credit expansion, the only way to stop the deflation caused by debt repayment and defaults is to print more base money (QE).

When QE stops, the USD resumes its natural appreciation.

Debt implosion> money printing

The more dollars are printed the more scarce they are :-) ... I don't get it.

Given the unprecedented nature of that price divergence from its normal relationship with stocks one has to assume something big can happen. Certainly is also possible that tech has rebooted us to permanent nirvana but I tend to doubt it given that nothing got fixed after 2008 and all we did was double the national debt, quintupled the money supply, and let the criminals multiply like viruses.

And by my estimation, Bitcoin has the potential to end all this in a positive manner, so I'm loading up further every chance I get.

Just wow.

nice buy

oil @ 49.90.  the only thing sweet about sweet crude oil is the sweet smell of Deflation.

we got a really nice Dow Theory non-confirmation going right now which should widen with time:

This is an effect of shitty network design.

Satoshi was right to realize that a currency should have a limited supply, but that doesn't mean he was right about (or even though about) the economic features of the rest of the software stack.

With a tiny handful of exceptions, all P2P networks are economically broken.

Consider a McDonalds restaurant. The more customers they need to serve, the more resources they require to do so.

Yet in spite of that fact, as the customer demand for McDonald's product increases, so does the number of stores!

Why is that the opposite of what happens with P2P networks? Because in the case of Big Macs, people pay for what they use. This customer action of paying for what they concume means that McDonalds doesn't really need to worry about how it will gather the resources it needs to scale.

That's an objection only brought up by people who don't understand money.

The reason the inflation schedule shouldn't change is the same reason you shouldn't put an anchor on an airplane.

In a way, the free market *does* solve that question though - because people are free to choose whether or not they want to travel in a boat or in an airplane.

Let's talk more about this requirement after you produce a workable definition of what "decentralized" means, and the arguments you use to justify your conclusion about how different situations will affect it.

A new transport layer which slices, dices, etc, could mitigate certain of the concerns here.  Something like Oh, I dunno, 'SuperNET'?  I'll expect this to be one of the main sales pitches.

Dow -331 345 and falling.

Agreed.  Good point.