Anybody know how I can start my own thread? I can't find any tab or link.
I wanna start a thread on starting a new coin called the CatholicCoin for which I bought all the domain names. But I can't post on any thread cause people get pissed off. So I'd like to start a separate thread.
Any help is appreciated.
Topic: Martin Armstrong on Bitcoin (Read 1144 times)
Are you kidding? This Armstrong guy is a renouned Economics guy. He has advices presidents, and global central banks.
It's interesting cause I said this 2 months ago when I first read up on Bitcoin, that the way bitcoin was moving was not right, it wasn't sustainable. I even said the govt had a hand in it but not in the cyber attacks. I think Armstrong misses the point that bitcoin is any govt's dream. They want bitcoin to succeed which means they're gonna hype it like crazy very soon.
They're gonna kill the dollar in 2015 and replace it with a digital currency. The Euro is in serious trouble, the Yen is nearly dead and the dollar is now 97% worthless. And china wants a global currency. Who does that leave? Nobody that can fight the new order if all of the above get together with a new digital currency and that's why the US has probably been buying gold like crazy and will now drop the gold prices much lower closer to $500 to buy up all the world's supply of gold.
And that's my take. I'd love to hear Armstrong expand on his bitcoin theory and respond to mine.
It's interesting cause I said this 2 months ago when I first read up on Bitcoin, that the way bitcoin was moving was not right, it wasn't sustainable. I even said the govt had a hand in it but not in the cyber attacks. I think Armstrong misses the point that bitcoin is any govt's dream. They want bitcoin to succeed which means they're gonna hype it like crazy very soon.
They're gonna kill the dollar in 2015 and replace it with a digital currency. The Euro is in serious trouble, the Yen is nearly dead and the dollar is now 97% worthless. And china wants a global currency. Who does that leave? Nobody that can fight the new order if all of the above get together with a new digital currency and that's why the US has probably been buying gold like crazy and will now drop the gold prices much lower closer to $500 to buy up all the world's supply of gold.
And that's my take. I'd love to hear Armstrong expand on his bitcoin theory and respond to mine.
Yes, I completely agree with your outlook. Armstrong is a famous economist, and he knows a lot about money. His ideas will surely apply to Bitcoin.
Are you kidding? This Armstrong guy is a renouned Economics guy. He has advices presidents, and global central banks.
It's interesting cause I said this 2 months ago when I first read up on Bitcoin, that the way bitcoin was moving was not right, it wasn't sustainable. I even said the govt had a hand in it but not in the cyber attacks. I think Armstrong misses the point that bitcoin is any govt's dream. They want bitcoin to succeed which means they're gonna hype it like crazy very soon.
They're gonna kill the dollar in 2015 and replace it with a digital currency. The Euro is in serious trouble, the Yen is nearly dead and the dollar is now 97% worthless. And china wants a global currency. Who does that leave? Nobody that can fight the new order if all of the above get together with a new digital currency and that's why the US has probably been buying gold like crazy and will now drop the gold prices much lower closer to $500 to buy up all the world's supply of gold.
And that's my take. I'd love to hear Armstrong expand on his bitcoin theory and respond to mine.
It's interesting cause I said this 2 months ago when I first read up on Bitcoin, that the way bitcoin was moving was not right, it wasn't sustainable. I even said the govt had a hand in it but not in the cyber attacks. I think Armstrong misses the point that bitcoin is any govt's dream. They want bitcoin to succeed which means they're gonna hype it like crazy very soon.
They're gonna kill the dollar in 2015 and replace it with a digital currency. The Euro is in serious trouble, the Yen is nearly dead and the dollar is now 97% worthless. And china wants a global currency. Who does that leave? Nobody that can fight the new order if all of the above get together with a new digital currency and that's why the US has probably been buying gold like crazy and will now drop the gold prices much lower closer to $500 to buy up all the world's supply of gold.
And that's my take. I'd love to hear Armstrong expand on his bitcoin theory and respond to mine.
i cant believe i skimmed this article
waste of time
waste of time
Until seasteads become a viable option this will be the case.
http://armstrongeconomics.com/2013/04/06/bitcoin/
Bitcoin
Posted on April 6, 2013
The rise in Bitcoin to $147 is clearly a phase transition. Nothing moves in that manner that is sustainable. The cyber attacks are interesting. They could be major players seeking to disrupt the business to benefit short positions. Or it could be government attacks as well.
http://money.cnn.com/2013/04/04/technology/bitcoin-cyber-attacks/
The problem Bitcoin faces is the same we all face. The core assumption that they can create an electronic currency out of the banking system and actually survive as an alternative to government, is a bit naive. The assumption is that governments will play by the rule of law. What stops them from simply storming the offices and criminalizing it as money laundering? At least Hitler respected the sovereignty of Switzerland. Today, it is all about money and they could care even less about international law. Switzerland had been forced to yield. They can shut down entire countries unless they comply.
In the 1970′s, when futures were starting, we had tax-straddles. Lets say gold was rising into January 1980 so you sold short Dec 1979 and bought Feb 2000 gold. You closed the trade taking the loss in 1979 and thus the money was moved from one year to the next. The IRS learned about the play, imposed mark-to-market on all positions, ending the straddles, and then went after all the records of firms and clients who participated charging fines, interest and penalties.
I seriously doubt that with the kill-switch, the ability of government cut off power and track every transmission, that any type of electronic money will ever be safe. The only solution is to leave for Asia, or push for major reform to end taxation and restore our liberty and privacy. Otherwise, there is no rule of law. They will do whatever they want. They can easily declare it to be money-laundering, and don’t forget, that is how they discovered Eliot Spitzer’s payment to a hooker that forced him to resign as governor of New York state.
Every country now has a cooperating money laundering department. They are tracking absolutely everything with no exceptions.
Bitcoin
Posted on April 6, 2013
The rise in Bitcoin to $147 is clearly a phase transition. Nothing moves in that manner that is sustainable. The cyber attacks are interesting. They could be major players seeking to disrupt the business to benefit short positions. Or it could be government attacks as well.
http://money.cnn.com/2013/04/04/technology/bitcoin-cyber-attacks/
The problem Bitcoin faces is the same we all face. The core assumption that they can create an electronic currency out of the banking system and actually survive as an alternative to government, is a bit naive. The assumption is that governments will play by the rule of law. What stops them from simply storming the offices and criminalizing it as money laundering? At least Hitler respected the sovereignty of Switzerland. Today, it is all about money and they could care even less about international law. Switzerland had been forced to yield. They can shut down entire countries unless they comply.
In the 1970′s, when futures were starting, we had tax-straddles. Lets say gold was rising into January 1980 so you sold short Dec 1979 and bought Feb 2000 gold. You closed the trade taking the loss in 1979 and thus the money was moved from one year to the next. The IRS learned about the play, imposed mark-to-market on all positions, ending the straddles, and then went after all the records of firms and clients who participated charging fines, interest and penalties.
I seriously doubt that with the kill-switch, the ability of government cut off power and track every transmission, that any type of electronic money will ever be safe. The only solution is to leave for Asia, or push for major reform to end taxation and restore our liberty and privacy. Otherwise, there is no rule of law. They will do whatever they want. They can easily declare it to be money-laundering, and don’t forget, that is how they discovered Eliot Spitzer’s payment to a hooker that forced him to resign as governor of New York state.
Every country now has a cooperating money laundering department. They are tracking absolutely everything with no exceptions.
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