Topic: No Money Exists Without the Majority - page 6. (Read 10254 times)

Surely everyone took you as serious and cared about your nonsense. refering @first few posts under you.
Hey let me rewrite my article that i published back in '09 that bitcoin would reach 200+$. It's all legit trust me.

I have actually now have read some of it, and well the conclusion? Wasted 2minutes of my precious time.
Yes I like to be on your ignore list, because trolls@internet too op for you  

Now seriously, this is one of the rare posts that I do not like.

> Be careful. Going to 1/50th the value is still hyperinflation, even if he
> does not like to apply that word.   A 98% loss of value of the currency is
> still loss, still hyperinflation, still devaluation, still deadly if you
> hold that.  Armstrong is master of confusion and
> illusion.

1/50th of the value, but you still had to pay your taxes in Rome in 99% gold! A two-tier money system. We have the same thing now.

Your gold investments will go up from $1000 to $3000 - $5000, but they will tax you at 90%. Go look at the tax rates after 1929.

You are missing the point. In empire collapse, you are squeezed between deflation and inflation.

Now the things you must use go up in price, but the things you invest in (houses) go down in price (and even if you invest in gold, they will make sure you lose just as in Rome).

You can't beat the empire. There is no place to run to, except the mountains.

This time the mountains is Bitcoin. But Bitcoin has flaws. I am working on it.

Armstrong is not at all confusing for me.

He has never said that gold won't go up. What he said was that gold would go down first from 2011 to 2013/4/5 (three possibilities for the bottom). Then gold will NOT make a new all-time high until after 2015.75.

And gold will NOT go to $50,000! It will go somewhere in the $3000 - $8000 range, probably $5000.

He has not said that gold isn't money. He has said that a strict gold standard is never sustainable, and he explained why. Society must oscillate between gold and fiat money, because of at least two reasons:

1. Debt isn't possible on a strict gold standard (no fractional reserves)

2. Strict gold standard means savings is 100% more important than production and knowledge formation, because savers (who do nothing but sit on their gold) always get wealthier. You can't pay investors more, because the supply of gold doesn't increase as fast as the increased production value.

Really this is so elemental. Armstrong is just a lot smarter than most people.

LaudaM has been placed on ignore and reported to the moderator for trolling (for the comment immediately above this one which has disappeared since I reported it, he said "he is an alien fuck"). He doesn't say anything meaningful and turns my thread into a circus of meaningless noise.

Careful with your subjective bias when the record clearly shows that Armstrong predicts everything every time without fail. 30 years of record is enough to show you that your bias is irrational.

https://en.wikipedia.org/wiki/Cognitive_dissonance

http://www.simplypsychology.org/cognitive-dissonance.html

http://psychcentral.com/blog/archives/2008/10/19/fighting-cognitive-dissonance-the-lies-we-tell-ourselves/

birdbrain, it will be proven by 2016 that everything I wrote above about the coming deflation is correct. Now stay on ignore (I encourage other readers to click the ignore next to your name on the left to show you that you speak only noise) with your other dimwitted commentators who have nothing intelligent to say.

All of what I wrote is just a re-summary of Martin Armstrong's Pi model of international capital flows. It has enabled him to make the following correct predictions years in advance of the predictions coming true. He spent $100 million developing the research and having his computer find all the correlations. That is when he discovered that human nature and thus international capital flows also move in waves, just like everything else in the The Universe (my blog) does. That doesn't mean we can predict what any individual human will do, only that we can predict the macro waves. Martin Armstrong helped me to make a public prediction that gold would decline from $1550 to under $1200. I was also the person who exactly predicted the 2011 price moves of silver back in Oct 2010. So shut your birdmouth. It is also allowing me to predict that the DJIA will go to 39,000 before 2015.75 and that gold will probably go up to 1424 - 1550, then crash back down to 1050 or below. Gold will not make new highs under after 2015.75. Now you just wait and see if I am correct again or not. I made one mistake betting too early on China's collapse last year, because I wasn't reading Armstrong (who makes it very clear China won't collapse until 2016).

• Predicted the Sept 2000 market top, Nov 2002 market bottom, January 1st, 2005 yearly high for the NASDAQ to exact day! in document that was published in 1997 which also predicted the 2007 market top and earlier had predicted the upturn in commodities in 1977
• Predicted back in Jan. 2012 that gold would decline from $1600 to below $1200 before 2015 even while everyone was screaming he was nuts. This year he was writing a blog every few days shouting that gold was going to fall. The goldbugs hated him.
• He predicted the top in gold in 1980
• He predicted the crash of 1987 (to the day!) and that bull market in Japan would continue until end 1989
• His model predicted an event something like 9/11 would happen
• many, many, many more correct predictions than I care or have time to go compile for you

P.S. I am sending a link to this rebuttal out publicly.

=================================

Note I was starting to lean towards Armstrong's cycles when I INDEPENDENTLY discovered his 78 year cycle in Feb. 2013. The key was looking at long-term charts for strange patterns that stand out like a bloody nose. This caused me to integrate his 3 x 26 = 78 year model into my understanding of technological unemployment (follow the sub-links at the above linked pages to get to a table of historical dates evidence of the 78 year cycles).

Anony

You show all the traits of someone that is on antidepressants and has just learned about economics, actual real , economics.

if you take that the wrong way , don't,  as its not meant as an insult.

if I'm right of course , continue... of course...

More pointedly why we sink into deflation, not hyperinflation.

AGAIN THIS IS THE MOST IMPORTANT THING YOU NEED TO KNOW NOW.

SEE ARMSTRONG's 100s OF CORRECT PREDICTIONS NEAR BOTTOM OF THIS THREAD.

Click this first link below to read the following in context of larger discussion about hyperinflation vs. deflation as how fiat dies when empires die.

http://blog.jim.com/culture/radish-explains-what-racism-means.html/comment-page-1#comment-344394

My prior explanation didn't pointedly clarify what is recognizably distinct (different) between hyperinflation and the deflation where people discard the fiat (for anything they can until no one will accept it). In both cases, there is deflation relative to the value of hard assets (e.g. gold and land that wasn't fiat financed overvalued, e.g. undeveloped rural land that banks won't provide loans for).

The pointed distinction is that in the hyperinflationary case the government prints 10,000, 100,000, 1 million notes (or physically debased the physical coin to the same effect). Thus you see the value of gold go to 10,000, 100,000, etc. You will not see $100,000 dollar notes during this crisis.

The debasement of storing QE generated reserves at the Fed by the banks, caused massive dollar loans (leveraged on those reserves) in the developing world (not in the USA). Now those (fractional reserve created) dollars are returning home causing this bounce in the USA that will end 2015.75 because of the feedback loop effect I described upthread. That feedback loop is causing rest of world to collapse in deflation.

At the death of the empire, the powers that be maintain control by squeezing the middle class between inflation and deflation simultaneously. The currency is debased (but not exponential spiral unless they create a two-tier currency where the monetary unit for paying taxes isn't debased, note even 500 A.D. Roman coin was only debased 1/50, not 1/100,000) while increasing taxes. The middle class eventually disappears and flees the cities where the powers are extracting unlivable taxes, to places where they can produce without interference of the pathological end-game of statism.

The key difference is there is no state to run to with the collapse of the global empire, you can only run away to the mountains (the Madmax outcome depending on how the handoff from one empire to the next transpires, hopefully we won't get a Dark Ages this time, probably not because Asia is so rich in billions of educated youth with good family values that the western empire hasn't destroyed yet). Whereas, with hyperinflation, you can run to another state and its currency and continue functioning normally.

The global empire collapses in deflation and then the center of the empire transfers to where there isn't this huge statism taxing the economy, i.e. as Heritage Foundation data shows Asia (including China) has much lower government share of GDP than the West (with the exception of Switzerland). I explained why China and Asia are the future.

Anarcho-capitalism is the technological mountains this time around.

James A. Donald, you were there at the beginning with Satoshi. Now stay with me as I fix Bitcoin. But you won’t be able to prove it is me doing the work


=====================================
Another line of summary at the following link:

http://relativisticobserver.blogspot.com/2013/07/observing-microsoft-part-3.html?showComment=1375616451672#c6434436042918130550

First a macro-economic point w.r.t the relative trajectories of Microsoft, Apple, and Google. Some details were in the prior blog.

The western empire is dying (empires move periodically from Europe to America to Asia to Europe...), but empires never collapse with hyperinflation, rather always deflation and onerous taxation (police states devolution into abandonment of the cities).

The future (after 2016 when the USA begins its big economic collapse) after China has its 1929 handoff depression in 2016, is consumer economic volume and growth will be focused in the developing world predominantly Asia. The stock valuation of these companies should be based on their market share in Asia. The collapse starting in 2016 (maybe ending 2020 for Asia, 2033 for West) will do that.

I hope Tim Cook (Ballmer is hopeless) is aware. You may not agree, yet I have studied the evidence that this repeats every 78 and 224 years. The Google people may not understand this, but they understand that global market share is the future, so they arrive at the same optimum long-term strategy.

HaHa ! Talk more to yourself,pleaaase !
So you can influence world finance ! LoL

PS. mistakes are still in place...good omen !

Not true. Photoshop lies.

Walls of text, so much fun.. not 

If you have a photo in front of the twin tower, It should be dated before 2001/09/11 ...

I guess it's only "gibberish" because you simply can't understand it yes?

you write a long simplistic diatribe full of "common economic" and "socialism" then point at "actual social economics" as gibberish ?

my advice,  stop getting excited about the fact that you think you understand the difference between deflation and inflation .

you have a very dim view of the future - its a future of "no price" , this is not revolutionary , many people see a deflationary spiral typically when this occurs people are dying and the military are on the street .

my own view is that long before it gets exactly that bad , most "western" nations that have direct exchange swaps, will simply walk away from the principal system without too much of a drama.

i'm sure there will some and/or many localized disruptions, but guess what? the market will still be there , and it will still be working.  



** my suggestion for you , invest hard into "Cap currency" "although they seem to keep "forking it" literally.

This.
Stopped reading at the word "No". 

You hide my very important post with a gibberish post. Readers please see my immediately prior post.

"Money and socialism are intertwined and this will never change. To survive the near total wipeout of fungible money in a Mad Max Dark Age, store production in non-fungible knowledge or technologies that continue to generate revenue during or at least after the crisis."


Markets and "money" and "socialism" are intertwined.

I expect you mean, Markets are the most social natural human aspect , as humans are social naturally, all "money" is , is the shiney little tokens in which we can base "faith".

I designed a transnational  E-democracy pyramid structure policy , its very very simple .

it simply works like protocols:

At the "Top" of the pyramid you may say Government owns essential hardware and infrastructure, you can guess as to which types.

then they let the market "compete" on top of these essential structures this can be called the "Transitional directed free market"

then on each level down there is less and less government ,requiring less and less tax,  until you get the small and micro business , which are/should be essentially the freest markets.

now picture , lines or many fibers holding the pyramid together if you like , these lines run from bottom to top and every which way in-between, these lines are the essential feedback mechanisms to and from the "top" and "bottom" and all levels in-between of the Pyramid .

A feed back mechanism is simply something like, this forum.  
but the key is to connect the essential parts of each platform of the Pyramid , so in that example , for example say.. regional governments and local and business centers Police of course, these are all feedback connected, the key is to the base.

The Russian Federation is a Key nation that has taken on a similar concept {all-be it coincidental} , although you would never hear about it , revolutionary things are happening, because they have no stake in a pure top down system., its almost like the revolution was a blessing and a victory , although it wouldn't be seen as such.

in a structure like this censorship is a kind of attack and unneeded censorship is an outright attack on the system and should be viewed seriously and as such.

Click the link to read it in context of a discussion.

THIS WILL BE THE MOST IMPORTANT EMAIL YOU READ.

http://blog.jim.com/culture/radish-explains-what-racism-means.html/comment-page-1#comment-343342

You have provided no counter example. No empire has ever collapsed with hyperinflation. As you admit, Rome survived the inflationary crisis and only collapsed with deflation when the people abandoned the currency and the city too. Hyperinflation is where a country can't sell its bonds and pays its bills by printing money. The key difference is that in hyperinflation you can get more fiat for your gold. In deflation, you get less fiat, or you don't want the fiat because no one will accept it anymore at any valuation. Deflation is the state vs. the people madmax scenario, hyperinflation is running on a treadmill where people lose confidence but the government is not attacking the people, rather just printing money to fund its operations in an exponential spiral. You will pray for hyperinflation, when you see what is coming to us. You don't understand that Rome had a two-tier money system, and the people abandoned their land and the currency, because of the onerous taxes that had to be paid in the first tier currency that wasn't debased!! The G20 is going to hunt everyone down and tax them to death. You can't argue with Martin Armstrong, he has spent $millions on researching the history of world. He spent $10 million just to create a chart of the silver price during the Roman era, by collecting every silver coin from the era. He had researchers compile information from the media archives in London and else where. Read How Empires Die.

Note the empire rotates around the world from Europe to America to Asia. USA is peaking and Asia is next up. Britian handed it to USA, but we had our 1929 at the handoff, and China will have its 1929 in 2016.

China wasn't an empire when they hyperinflated, they were an isolated Yuan Dynasty in middle ages or the socialist failure of the Republic of China in the 1940s.

http://www.mpettis.com/2013/05/21/excess-german-savings-not-thrift-caused-the-european-crisis/#comment-23486

================
The global sovereign debt crisis will ultimately be resolved with a stable global (or first several regional, e.g. NAU dollar, Euro, Yuan as the Asia Union and/or BRIC currency) currency (ies) against which all other national currencies float. This will enable nation-states the flexibility to exist with differences, while providing a stable fulcrum for reserves, international store-of-value, and international trade and FX.

Europeans want the advantages of integration (e.g. travel freedom, market economies-of-scale, control of conflicts between states, etc) without the costs (e.g. uniform debt-to-GDP ratios, uniform productivity, uniform culture, etc), thus they tried to create a Euro which had the advantages without the costs, and it has failed miserably as predicted by Margaret Thatcher and others..

Now the politics is shifting towards disillusionment, and this is likely to explode to the forefront with the German elections in the fall, especially now that the Germany economy is shrinking.

http://armstrongeconomics.com/2013/06/27/merkel-becoming-euro-skeptic/
(summary which links to spiegel.de story that also contains the following comment)

I think one of the most important features for a better bitcoin alternative is the ability to realistically mine from general purpose computers. Two main reasons:

• help protect against a 51% attack by enabling humanity to leverage its preexisting idle computing power
• anonymity (not subject to id checks at money exchanges) since western governments must hunt down all wealth over time and confiscate it. Paul Rosenberg, the CEO of virtual private network provider Cryptohippie seems to agree. First they will do "bail-ins" for deposits over 100,000 probably with clawback against those who moved funds in anticipation, c.f. clawbacks in the MG Global default.

In addition to such a better alternative bitcoin perhaps coming on the horizon (perhaps created by myself), in the near-term until at least roughly 2015, US citizens may be able to keep under $10,000 in cash off the radar in a foreign account with a country that as of yet still has some bank secrecy. A GAO report explains why in 2015 the pressure from the US government will increase to force foreign banks (even those with bank secrecy laws) to report your account(s), although perhaps this has been delayed to 2017. Already for example, the US can obtain information on a specific account in most countries with bank secrecy, if they have a specific name or account number and a justified suspicion of tax avoidance.

I just learned today that the total amount of foreign accounts must not reach nor exceed $10,000 on any given statement period as follows.

http://www.nestmann.com/appeals-court-weakens-willfulness-defense-in-failure-to-file-foreign-account-reporting-forms/


http://www.onlinepokerfaq.com/guide/tax-fbar-90221.html


The penalties for not filing the above are extreme, including possibly up to a $500,000 fine and 5 years in jail.

As for Europeans, France and the G8 are also getting organized to come after your wealth hiding overseas:

http://armstrongeconomics.com/2013/06/26/us-iron-curtain-is-coming-in-new-immigration-bill-for-all-americans/
http://www.nestmann.com/homelanders-to-u-s-expatriates-dont-come-back-ever/
http://armstrongeconomics.com/2013/06/18/g8-going-to-hunt-down-all-capital/
http://armstrongeconomics.com/2013/06/18/icij-has-done-far-more-damage-to-the-world-economy-that-anyone-realized/
http://armstrongeconomics.com/2013/06/15/united-stasi-of-america/
http://armstrongeconomics.com/2013/06/15/precious-metals-remain-under-attack-by-governments/
http://armstrongeconomics.com/2013/06/14/the-collapse-in-liquidity-rising-volatility/
http://armstrongeconomics.com/2013/06/13/german-high-court-introducing-more-euro-chaos/
http://armstrongeconomics.com/2013/06/12/city-dwellers-at-greatest-risk/
http://armstrongeconomics.com/2013/06/12/snowdens-rude-awakening-usa-does-control-most-of-the-world/
http://armstrongeconomics.com/2013/06/12/greesce-shuts-down-tv-new/
http://armstrongeconomics.com/2013/06/11/capitalism-or-marxism-that-is-the-question/
http://armstrongeconomics.com/2013/06/11/mailing-cash-is-prohibited-in-usa-france-bars-even-gold/
http://armstrongeconomics.com/2013/06/11/congress-wants-snowdens-head-not-the-nsa/
http://armstrongeconomics.com/2013/06/11/the-future-of-the-world-economy-les-miserables/
http://armstrongeconomics.com/2013/06/11/paranoid-or-conservative/
http://armstrongeconomics.com/2013/06/10/capitol-hill/
http://armstrongeconomics.com/2013/06/10/france-declares-victory-over-entire-eurozone-crisis/
http://armstrongeconomics.com/2013/06/09/nsa-surveillance/
http://armstrongeconomics.com/2013/06/08/why-the-survelience-is-very-dangerous/
http://armstrongeconomics.com/2013/06/08/political-trivia-test-can-you-pass-it/ (Hillary Clinton's plans for confiscation)
http://armstrongeconomics.com/2013/06/07/unemployment-benefits-cut-part-of-deflation/ (the official rate will go to 25-30%, real rate much higher perhaps)
http://armstrongeconomics.com/2013/06/06/imf-admits-it-made-a-mistake-with-greece/ (Only Julius Caesar understood how to fix a debt crisis)
http://armstrongeconomics.com/2013/06/06/nsa-tapping-into-internet-directly/
http://armstrongeconomics.com/2013/06/06/is-paranoid-becoming-normal/
http://armstrongeconomics.com/2013/06/05/this-no-time-to-quit-a-job-us-youth-unemployment-hits-16-2/
http://armstrongeconomics.com/2013/06/04/search-warrants-not-necessary-to-take-you-dna/
http://armstrongeconomics.com/2013/06/04/the-growing-shadow-economy-politicians-just-dont-get-it/
http://armstrongeconomics.com/2013/06/04/1984-is-here-2014/
http://armstrongeconomics.com/2013/06/03/seniors-are-the-greediest-generation/
http://armstrongeconomics.com/2013/06/02/rising-tide-of-civil-unrest/
http://armstrongeconomics.com/2013/06/02/the-real-conspiracy/
http://armstrongeconomics.com/2013/06/01/11999/ (Primary Dealers – the Truth About Their Iron Grip)
http://armstrongeconomics.com/2013/05/31/freedom-to-travel-in-europe-shutting-down/
http://www.nestmann.com/cell-tracking/
http://armstrongeconomics.com/2013/05/15/europe-plans-the-confiscation-of-depositor-assets/
http://armstrongeconomics.com/2013/04/19/germany-wants-global-taxation-cooperation/
http://armstrongeconomics.com/2013/04/19/the-pension-crisis-interest-rate-nightmare/
http://armstrongeconomics.com/2013/04/19/inflation-v-deflation/
http://armstrongeconomics.com/2013/04/18/europe-considering-mandatory-15-of-wages-to-be-taken-for-pensions/
http://armstrongeconomics.com/2013/04/17/the-next-seizure-coming-u-s-consumer-financial-protection-bureau/
http://armstrongeconomics.com/2013/04/17/will-pension-funds-be-the-target-after-2016-to-seize-for-our-protection/
http://armstrongeconomics.com/2013/04/16/europe-to-begin-capital-controls-soon/
http://armstrongeconomics.com/2013/04/13/france-is-pushing-for-tax-evasion-to-be-top-eu-priority-hitler-returns/
http://armstrongeconomics.com/2013/04/12/government-pensions-will-cost-2500-per-household-climbing/
http://armstrongeconomics.com/2013/03/29/cyprus-confiscation-of-assets-is-global-plan/
http://armstrongeconomics.com/2013/03/28/electronic-money/
http://armstrongeconomics.com/2013/03/27/are-we-head-to-a-mad-max-scenario/
http://armstrongeconomics.com/2013/03/25/sovereign-debt-crisis-conference-2/
http://armstrongeconomics.com/2013/02/26/visit-italy-they-seize-your-jewelry/ ("Diego Maradona, the Argentine soccer star...")
http://www.nestmann.com/yes-you-are-a-criminalyou-just-dont-know-it-yet-2/
http://en.wikipedia.org/wiki/List_of_countries_by_incarceration_rate (USA an order-of-magnitude higher)
http://esr.ibiblio.org/?p=4934&cpage=1#comment-400351 (suburbs as peaceful as Switzerland, Americans are culturally less law abiding & some violent big cities)
http://en.wikipedia.org/wiki/Conviction_rate (with 93% conviction rate from US Dept or Justice, 99%  in NY Fed courts according to Armstrong)
http://esr.ibiblio.org/?p=4927&cpage=1#comment-399831 (Why should it happen to Denmark?)
http://www.nestmann.com/passport-denials-long-a-feature-of-u-s-foreign-policy/
http://www.nestmann.com/hungary-now-imposes-tax-on-non-resident-citizens/


So what should one do after 2015 (or 2017 perhaps) and with more than $10,000 in savings?A better bitcoin? I warned about this situation 3 years ago and that gold will not be a solution (note I no longer think a stampede into gold will cause hyper-inflation, because the world's wealth will never make it into gold, rather we are headed for deflation with confiscations yet gold will go very high due to being a place where wealthy attempt to store wealth from confiscation).

Disclaimer: I am not giving tax nor financial advice in any my posts. I am merely relaying some thoughts I have had, thus readers should consult their own professional advisers and attorneys.

Ahahaha !
That's nice AM, finally you proved that you are a moron !
I found about 7 cases of denial of facts in your previous post.
It's silly.

As far as I know, economists widely have failed to emphasize the critical role derivatives are playing in keeping the west locked into ZIRP and bail-ins versus write-down of the lenders. Thus instead of a quick collapse and reset with ensuing quick recovery, as what occurred in Iceland or the USA after 1919, these derivatives have conflated the sovereign bonds with the lenders to real-estate, thus insuring any write-down would be apocalyptically spread on to retirement plans. The derivatives along with nearly retired boomer demographic bulge, are the main factors of social capital looking forward for the west.

Btw, bail-ins are socialist because the savers pay for the mistakes of the lenders and borrowers (and derivative gamblers), but this is inherent in fractional reserve banking.

Michael raised a very important concept by introducing social capital. Now let's get real about it. I wish I could read some prominent economists face the reality that the West can't escape with write-downs, and thus there won't be any break from Euro either (which I published a prediction on nearly 2 years ago). This will be a 26 year catastrophe. And it happens every 78 years in recorded history, at least since we emerged from the Roman Dark Age. Because demographics drives economics. Twenty-six years is how long it takes a human to become mature and ready to take over responsibility and become a major factor in the work force and start a family.

The west has to wait 26 years from 2007, when the boomers were 52, for them to die off at age 78. And for the generation born in 2007 to mature and be ready to compete with Asia in the robotic and automation revolution which will becoming a significant sector of the global economy by then (2033).