Author

Topic: Gold collapsing. Bitcoin UP. - page 932. (Read 2032272 times)

legendary
Activity: 1918
Merit: 1018
September 22, 2014, 03:08:22 PM
Excellent interview of Thomas Piketty, author on wealth inequality. He received quite a bit of criticism on this work but only because the book was so popular and threatening to the financial elite.

http://www.econtalk.org/archives/2014/09/thomas_piketty.html

He is a marxist, he wants to control everyone, be careful who you admire
legendary
Activity: 1764
Merit: 1002
September 22, 2014, 02:30:07 PM
The divergence is coming
hero member
Activity: 644
Merit: 504
Bitcoin replaces central, not commercial, banks
September 22, 2014, 02:21:31 PM
so GABI has started buying

http://www.futuresmag.com/2014/09/22/bitcoin-fund-launches

interesting that they have developed partnerships with Bitfinex & Coinsetter
legendary
Activity: 1764
Merit: 1002
September 22, 2014, 02:14:29 PM
Breaking out.  just look at that volume from Friday:



escape velocity:

legendary
Activity: 1764
Merit: 1002
September 22, 2014, 02:10:59 PM
Dow -108
legendary
Activity: 1764
Merit: 1002
September 22, 2014, 02:06:09 PM
bouncing on schedule:

legendary
Activity: 1764
Merit: 1002
September 22, 2014, 02:03:59 PM
sell it off baby, sell it off:

legendary
Activity: 1764
Merit: 1002
September 22, 2014, 02:00:06 PM
this is one of the more interesting speculations as to the recent price fall; massive mining investments in China.  this just means that the US and others are falling further behind in the Bitcoin space.  they need to change their perspective:

http://blogs.wsj.com/moneybeat/2014/09/19/bitbeat-more-pain-for-bitcoin-prices-are-chinese-miners-to-blame/
legendary
Activity: 1764
Merit: 1002
September 22, 2014, 01:24:28 PM

Engineers vs.Thugs: the Power of Bitcoin, Cryptography &Tech

https://www.youtube.com/watch?v=KybZAEm0stY
legendary
Activity: 1722
Merit: 1004
September 22, 2014, 01:18:12 PM
...
Also, never mind the fact that America was founded on the principals of equality of opportunity, an end of the feudal system with hereditary rite, where people not born to the right parents could never own land/businesses/etc. Equality does not mean equality of financial positions or equality of results, which is what the meaning has been twisted into today, which is simply Orwellian Newspeak.



Indeed. People these days seem to think that inequality and injustice are the same thing. They're not.
legendary
Activity: 1764
Merit: 1002
September 22, 2014, 01:10:42 PM
have you read his book?  i've not.  so those solutions do seem off despite what i thought was a good analysis as to how we got to where we are.

No I've not, so I'll admit I'm not in a position to make strong claims regarding it. And yes overall I think it is a decent (although one-sided) view on how we got here today.

What I disagree with though are the leaps he takes in his conclusions (which I've read a bit) and the conclusions every MSM outlet is promoting based off of the book.

Increasing taxes in the manner he describes simply does nothing to address the super wealthy, which is the issue and source of concentrated wealth/power today, and instead further burdens the middle/upper middle classes (professionals/small businesses). His conclusions serve to prevent people in the middle class from entering the 1%, and in effect stratify and protect the 0.1%.

Don't get me wrong, I think we've descended back into an oligarchy controlled by an entrenched and power upper class. It's just that Picketty's recommendations I see as not just ineffectual towards addressing this problem, but in fact further supporting it.

as usual when you listen to analyses like his, if you put the situation into the perspective of Fed bailouts, it all becomes clear.  losses are prevented for those who already hold assets via inflation of the money supply.  the elite need to continue to live off the rents obtained from old wealth.
legendary
Activity: 1153
Merit: 1000
September 22, 2014, 01:02:37 PM
have you read his book?  i've not.  so those solutions do seem off despite what i thought was a good analysis as to how we got to where we are.

No I've not, so I'll admit I'm not in a position to make strong claims regarding it. And yes overall I think it is a decent (although one-sided) view on how we got here today.

What I disagree with though are the leaps he takes in his conclusions (which I've read a bit) and the conclusions every MSM outlet is promoting based off of the book.

Increasing taxes in the manner he describes simply does nothing to address the super wealthy, which is the issue and source of concentrated wealth/power today, and instead further burdens the middle/upper middle classes (professionals/small businesses). His conclusions serve to prevent people in the middle class from entering the 1%, and in effect stratify and protect the 0.1%.

Don't get me wrong, I think we've descended back into an oligarchy controlled by an entrenched and power upper class. It's just that Picketty's recommendations I see as not just ineffectual towards addressing this problem, but in fact further supporting it.
legendary
Activity: 1764
Merit: 1002
September 22, 2014, 12:58:23 PM
not looking good:





legendary
Activity: 1764
Merit: 1002
September 22, 2014, 12:53:21 PM
pretty ugly:



legendary
Activity: 1764
Merit: 1002
September 22, 2014, 12:50:10 PM
the cash buyer is retreating:

legendary
Activity: 1764
Merit: 1002
September 22, 2014, 12:46:15 PM
Excellent interview of Thomas Piketty, author on wealth inequality. He received quite a bit of criticism on this work but only because the book was so popular and threatening to the financial elite.

http://www.econtalk.org/archives/2014/09/thomas_piketty.html

Piketty's work essentially says:

1) Wealth inequality is bad
2) Capitalism over time concentrates wealth which grows inequality

He then takes a leap and assumes that the only mechanism to fix inequality is to vastly increase state power and increase income taxes. The problem is his recommendations will only further inequality. The majority of his tax proposals will not fall on the truly wealth rentier class, but on the middle and upper middle classes who are trying to build a safety net to live off of. And increasing state power only further entrenches protected special interests.

This is a decent review IMHO.
http://www.zerohedge.com/news/2014-04-28/critique-pikettys-solution-widening-wealth-inequality

Also, never mind the fact that America was founded on the principals of equality of opportunity, an end of the feudal system with hereditary rite, where people not born to the right parents could never own land/businesses/etc. Equality does not mean equality of financial positions or equality of results, which is what the meaning has been twisted into today, which is simply Orwellian Newspeak.



have you read his book?  i've not.  so those solutions do seem off despite what i thought was a good analysis as to how we got to where we are.
legendary
Activity: 1764
Merit: 1002
September 22, 2014, 12:39:30 PM
oil breaks support:

legendary
Activity: 1153
Merit: 1000
September 22, 2014, 12:37:30 PM
Excellent interview of Thomas Piketty, author on wealth inequality. He received quite a bit of criticism on this work but only because the book was so popular and threatening to the financial elite.

http://www.econtalk.org/archives/2014/09/thomas_piketty.html

Piketty's work essentially says:

1) Wealth inequality is bad
2) Capitalism over time concentrates wealth which grows inequality

He then takes a leap and assumes that the only mechanism to fix inequality is to vastly increase state power and increase income taxes. The problem is his recommendations will only further inequality. The majority of his tax proposals will not fall on the truly wealth rentier class, but on the middle and upper middle classes who are trying to build a safety net to live off of. And increasing state power only further entrenches protected special interests.

This is a decent review IMHO.
http://www.zerohedge.com/news/2014-04-28/critique-pikettys-solution-widening-wealth-inequality

Also, never mind the fact that America was founded on the principals of equality of opportunity, an end of the feudal system with hereditary rite, where people not born to the right parents could never own land/businesses/etc. Equality does not mean equality of financial positions or equality of results, which is what the meaning has been twisted into today, which is simply Orwellian Newspeak.

legendary
Activity: 1764
Merit: 1002
September 22, 2014, 11:52:15 AM
Excellent interview of Thomas Piketty, author on wealth inequality. He received quite a bit of criticism on this work but only because the book was so popular and threatening to the financial elite.

http://www.econtalk.org/archives/2014/09/thomas_piketty.html
legendary
Activity: 1281
Merit: 1000
☑ ♟ ☐ ♚
Jump to: