Topic: Prepare thy anus (Read 2538 times)
I would recommend Bitcoins as it has reasons to get pumped, rather than Gold which is just getting dumped, and I highly doubt that people who are getting out of Gold are investing their money to get their hands on BTC itself...
Or other cryptos...
only top 5 at this point, principally ethereum, litecoin maybe but since the halving is gone, not worth it anymore, doge a bit trash right now
the other one would be dash
Some people think there won't be a flash crash, but I think one is probably inevitable. They'll need to do NIRP + Cyprusing + printing all at the same time to keep the system going and fund both social programs + the military budget. Those three market tampering mechanisms will cause people to remove money from banks to avoid being stolen from, and the printing will cause people to divest out of paper to avoid devaulation further reducing it's value. As the money is removed from banks, there will be a liquidity contraction, which will cause them to print even more. It will probably create a feedback loop that will wobble into implosion.
Or other cryptos...
I can't stop picturing OP preparing his anus for what's coming.
Gold is just a shiny yellow metal, nothing more, nothing less. It only has high value because we're still somewhat primitive. Cryptocurreny is da future, GG
thb gold as an material is really useful due to it's conductivity and other attributes, but yes, as a financial investment, i believe it to be a risky investment.
When you think about it; gold supply will go up indefinitely, and will become mined faster as tech advances with time, whereas bitcoin mining will always produce
only predicted number of coins. I really don't see why would anyone invest in gold, it's just a matter of time when people will realize what they own is just like a piece of metal.
Bitcoin is a technology, that's need to be applied.... i guess some cavemen refused to use fire and died from frost.
So if you want to survive next financial meltdown you better get some bitcoins.
So if you want to survive next financial meltdown you better get some bitcoins.
I would recommend people own some of both (gold and bitcoin).
Gold is just a shiny yellow metal, nothing more, nothing less. It only has high value because we're still somewhat primitive. Cryptocurreny is da future, GG
Is this anything like Peppering my Angus? 
Gold's all absolutely network effect. Bitcoin has actual properties ready for the 21th century. The potential for growth on Bitcoin is insanely high as opposed to gold. Gold bugs are on denial, just like the ones thinking the fiat ponzi is not about to pop.
Yea, first thing the uninformed armchair economists says when you mention Bitcoin is, "it's not backed by anything and gold has intrinsic value!". Gold has no intrinsic value. The "intrinsic value" of gold is the $10 an ounce or whatever it would be if used only as an industrial product. Since gold trades for over $1000, where does the 100x markup come from? You're fabricating $990 out of thin air. This is not intrinsic value, the markup is derived entirely from network effect. When gold's actual, real value is that low, it might as well be 0.
The only reason people are not trading lead instead of gold is due to rarity. The odds of some guy discovering a metric ton of gold and bringing it in to disrupt your economy is lower with gold than lead. Rarity and network effect are the key components of a currency.
Social Security is ponzied out at 15:1? What is your source for that?
$2.73 trillion in trust fund reserves doesn't sound like a 15:1 ponzi. Source: http://www.marketwatch.com/story/exposing-the-social-security-solvency-hype-2013-06-12
$2.73 trillion in trust fund reserves doesn't sound like a 15:1 ponzi. Source: http://www.marketwatch.com/story/exposing-the-social-security-solvency-hype-2013-06-12
Shhhhhh, get on with the program here!
We don't want to hear the truth. "15:1 Ponzi scheme" sounds so much better. We anarchists/conspiracy theorists/anti-governments fringe nuts only want to hear what we want to hear.
We just don't care about truth, as long as you say bitcoin is the best, gold/silver/precious metals are bad, big government is bad, then you're aokay in our book.
He failed to read the original post:
"Social Security’s various trust funds currently hold about $2.7 trillion in total assets; yet the government itself estimates the program’s liabilities to exceed $40 trillion."
You are correct. If that was in the original post when it was made, I didn't see it.
The link I posted goes on to say:
Quote
--Social Security has $2.73 Trillion in trust fund reserves.
--Social Security reserves are still growing and will continue to grow through 2020.
--Beginning in 2021, program costs are projected to exceed income, shrinking the trust funds.
--The trust funds will be exhausted in 2033, the same year projected in the 2012 report.
--After 2033, income will cover 77% of scheduled payments.
That can't be right. I've heard that Social Security has been losing money since 2010.
Read the fine print. Starting in 2010, Social Security expenses exceeded "non-interest" income — primarily payroll taxes. But that ignores the interest Social Security earns on invested funds. If you take all income into account, Social Security had a surplus of $54 Billion in 2012 operations.
--Social Security reserves are still growing and will continue to grow through 2020.
--Beginning in 2021, program costs are projected to exceed income, shrinking the trust funds.
--The trust funds will be exhausted in 2033, the same year projected in the 2012 report.
--After 2033, income will cover 77% of scheduled payments.
That can't be right. I've heard that Social Security has been losing money since 2010.
Read the fine print. Starting in 2010, Social Security expenses exceeded "non-interest" income — primarily payroll taxes. But that ignores the interest Social Security earns on invested funds. If you take all income into account, Social Security had a surplus of $54 Billion in 2012 operations.
It's a more detailed look, for sure. If there are $2.73 trillion in current assets and $40 trillion in current liabilities, it is leveraged at almost 15:1. But zerohedge is mixing and matching to suit their rhetoric. It's $2.73 trillion in current assets and $40 trillion in estimated long-term liabilities. The estimate is that there are $54 trillion in assets over the period that matches the liabilities.
Interesting to look at at. I'm sure the truth is somewhere in between. Thank you for sharing and bringing it to everybody's attention.
Gold's all absolutely network effect. Bitcoin has actual properties ready for the 21th century. The potential for growth on Bitcoin is insanely high as opposed to gold. Gold bugs are on denial, just like the ones thinking the fiat ponzi is not about to pop.
Social Security is ponzied out at 15:1? What is your source for that?
$2.73 trillion in trust fund reserves doesn't sound like a 15:1 ponzi. Source: http://www.marketwatch.com/story/exposing-the-social-security-solvency-hype-2013-06-12
$2.73 trillion in trust fund reserves doesn't sound like a 15:1 ponzi. Source: http://www.marketwatch.com/story/exposing-the-social-security-solvency-hype-2013-06-12
Shhhhhh, get on with the program here!
We don't want to hear the truth. "15:1 Ponzi scheme" sounds so much better. We anarchists/conspiracy theorists/anti-governments fringe nuts only want to hear what we want to hear.
We just don't care about truth, as long as you say bitcoin is the best, gold/silver/precious metals are bad, big government is bad, then you're aokay in our book.
He failed to read the original post:
"Social Security’s various trust funds currently hold about $2.7 trillion in total assets; yet the government itself estimates the program’s liabilities to exceed $40 trillion."
Social Security is ponzied out at 15:1? What is your source for that?
$2.73 trillion in trust fund reserves doesn't sound like a 15:1 ponzi. Source: http://www.marketwatch.com/story/exposing-the-social-security-solvency-hype-2013-06-12
$2.73 trillion in trust fund reserves doesn't sound like a 15:1 ponzi. Source: http://www.marketwatch.com/story/exposing-the-social-security-solvency-hype-2013-06-12
Shhhhhh, get on with the program here!
We don't want to hear the truth. "15:1 Ponzi scheme" sounds so much better. We anarchists/conspiracy theorists/anti-governments fringe nuts only want to hear what we want to hear.
We just don't care about truth, as long as you say bitcoin is the best, gold/silver/precious metals are bad, big government is bad, then you're aokay in our book.
If you think the world will go back to the dark ages, buy gold. If don't think that will happen, buy Bitcoin. Or buy both. One or each of them is going to the moon.
Or buy Cryptonote currencies such as Monero and Aeon. This way, the powers that be cannot track your every move on a public blockchain (because true privacy is enabled via coin mixing on a protocol level using cryptographic rings) and you will be purchasing pieces of the true "bitcoin 2.0" standard that we've all been waiting for.
In all honesty gold is not even a choice, one of my friends group got convinced if we had a situation like that you'd rather buy guns and rob people with metals and resources.
The best actual proof is the event of a collapse from estonia stories told about collapses and how they survived it.
The best actual proof is the event of a collapse from estonia stories told about collapses and how they survived it.
In the Bosnian war they used the guns to hunt and eat pigeons. I guess full scale cannabalism breaks out after the pigeons disappear.
Social Security (as well as whatever exists in other countries like Greece, Italy, Spain, etc) is ponzied out at 15:1 leverage. When politicians allow social systems like this to collapse, regime change is always next and that's always the number one thing people in power try to avoid. First step to avoid this is ZIRP, then NIRP, meaning they want new generations to pay into the Ponzi for older generations while receiving no benefits themselves. Since the older generation is much larger, and newer generations don't actually have any money, it will require a combination of both NIRP and debasement (printing). The only way for people who acquire any money to not lose everything is Bitcoin or gold.
I'm personally not a big fan of gold because it's already failed in the past. It didn't function as a currency because it's high friction in use and low granularity. The bandaid for this to achieve higher granularity and lower friction was to use vaults and IOUs. The IOU system allowed scam artists to create fractional reserve. Gold and cryptocurrency will go against each other in the future, and since gold has already failed as a currency once, it will most likely fail even harder in a more modern world. The only way gold wins is with global war sending society back to the stone age.
If you think the world will go back to the dark ages, buy gold. If don't think that will happen, buy Bitcoin. Or buy both. One or each of them is going to the moon.
http://www.zerohedge.com/news/2015-11-06/congress-proposes-chilling-resolution-social-security
In all honesty gold is not even a choice, one of my friends group got convinced if we had a situation like that you'd rather buy guns and rob people with metals and resources.
The best actual proof is the event of a collapse from estonia stories told about collapses and how they survived it.
Jump to: