Topic: The financial markets are starting to crash, abandon the fiat titanic - page 3. (Read 7781 times)
October 16, 2014, 08:35:25 AM
I'm ready, Satoshi!
October 16, 2014, 08:12:10 AM
the stock market collapse continues, it looks like the huge pile of malinvestments fueled by cheap purchasing power stolen from the population is crumbling apart.
i have predicted this 6 months ago https://bitcointalksearch.org/topic/m.6362392.
this is one step before the final destruction of fiat, when the markets will plunge around 50% from the top central bankers will unleash either negative interest rates and/or huge amounts of QE.
this will create huge inflation causing commodities to shoot up in price and wiping out the purchasing power of anyone holding government bonds and/or cash.
abandon the fiat titanic and grab a seat on the bitcoin/gold life boat.
i have predicted this 6 months ago https://bitcointalksearch.org/topic/m.6362392.
this is one step before the final destruction of fiat, when the markets will plunge around 50% from the top central bankers will unleash either negative interest rates and/or huge amounts of QE.
this will create huge inflation causing commodities to shoot up in price and wiping out the purchasing power of anyone holding government bonds and/or cash.
abandon the fiat titanic and grab a seat on the bitcoin/gold life boat.
October 13, 2014, 04:26:12 PM
Equity markets are suffering a 10% correction. I doubt this is the "big correction" many foresee. However, bitcoin is enjoying a nice bounce along with gold which is not a coincidence. It is ironic that someday Main Street will consider investment in bitcoin a "flight to safety."
October 13, 2014, 04:02:53 PM
Lots of people here still so afraid from being alienated that they don't speak their mind with their main account... Thanks to the Pillars Of The Community here.
You can thank Gavin for this: he started the trend by mobbing Luke-Jr.
October 13, 2014, 12:54:20 PM
In case of fiat failing, food is a better hedge than Bitcoin.
I agree, they could even solve two problems if greenbacks were made of broccoli instead of paper.
That's a serious case of demurrage.
October 13, 2014, 12:14:45 PM
In case of fiat failing, food is a better hedge than Bitcoin.
"Growing your own food is like printing your own money" ~ Ron Finley
October 13, 2014, 09:29:30 AM
There won't be hyperinflation so long as velocity of money stays at these lows:
r.o.t.f.w.l. !!
You think real life works like in school books ?
****** Currency Control Procedure - how to get away with four-folding the coin supply******
without having markets revalue your currency
[1] - buy 10 Oz gold from the gold market which has, say, 100 Oz cap
[2] - create a gold ETF
[3] - generate 100 1 Oz contracts for each 1 Oz of physical in your vaults
[4] - make sure nobody ever audits your vaults (especially not the Germans). If they ask, just let them see 1 room containing a 1% sample of their holdings
[5] - start printing huge quantities of the currency of your choice
[6] - simultaneously flood the commodities markets with naked gold shorts (of which you posses a similarly limitless supply) to keep traders in their currency long positions
Simple !
(...Until your bluff is called by somebody that happens to have 100 times the amount of physical that you do. Somebody, for example, who has spent the last 5 years hoovering up every ton of gold on the planet they can get their hands on).
October 13, 2014, 06:15:16 AM
or just buy shares from print manufacturer companies.
It is all about to find the right bets, like in crypto too
It is all about to find the right bets, like in crypto too
October 13, 2014, 02:58:41 AM
There won't be hyperinflation so long as velocity of money stays at these lows:
Yeah, they are crossing their fingers. 
October 13, 2014, 02:43:07 AM
The beloved dollar, on the other hand, has gone from a monetary base of around $850 billion to $2800 billion in the space of 5 years. Thats more than a 300% expansion of the monetary base. If you don't think that is a recipe for some major economic upheaval in its own right then you don't understand money.
Your chart is old. It's gotten much worse..
Doesn't look too bad
HEY WAIT THIS IS WHEN BUSH BECAME PRESIDENT !!!!
October 13, 2014, 02:26:40 AM
Your chart is old. It's gotten much worse..
There won't be hyperinflation so long as velocity of money stays at these lows:
October 13, 2014, 02:16:47 AM
The beloved dollar, on the other hand, has gone from a monetary base of around $850 billion to $2800 billion in the space of 5 years. Thats more than a 300% expansion of the monetary base. If you don't think that is a recipe for some major economic upheaval in its own right then you don't understand money.
Your chart is old. It's gotten much worse..
October 13, 2014, 12:21:20 AM
The bottom line is this: The banking system (and several sovereigns) are loaded with so much debt that the major Western economies + Japan CANNOT AFFORD AT ANY COST TO ENTER INTO A DEFLATIONARY TREND. The reason they can't is because that would herald the onset of defaults caused by debt to GDP ratios going beyond manageable levels and markets sending bond yields sky high due to loss of confidence.
+1
GOverments are just prolonging and holding off the inevitable collapse of the debt-based banking system. The elites running the banks and governments know about this and they have pulled their money out of fiat and into gold, commodities, land ie real assets but they needed the people to continuing believing in the system, giving out 0% interest loans, telling them to spend, buy bonds, securities etc. They just cannot afford to let the people realize that the whole debt-based banking system is actually the biggest scam in all of history.
October 12, 2014, 10:44:53 PM
In case of fiat failing, food is a better hedge than Bitcoin.
I agree, they could even solve two problems if greenbacks were made of broccoli instead of paper.
October 12, 2014, 05:56:21 PM
In case of fiat failing, food is a better hedge than Bitcoin.
October 12, 2014, 04:34:26 PM
printed fiat is only a fraction of fiat
it's all digital credits now, fake credits backed by nothing
long live btc
it's all digital credits now, fake credits backed by nothing
long live btc
nobody really knows but afaik total world money supply is around 60 - 100 000 000 000 000 dollars
or 10 cents per satoshi in existence
a huge bubble huh?
check the VIX volatility index, currently 20, was 80-90 in 2008, this can get ugly
October 12, 2014, 04:26:51 PM
You sir are a nutcase
Says the man with a post count of 3.
And how is that relevant?
October 12, 2014, 04:13:42 PM
how about rescuing the banks, sounds like fun?
that'll be 7.77 trillion usd, about 20,000$ per person, im sure everyone would like to pay that to save the failed banksters.
http://www.bloomberg.com/news/2011-11-28/secret-fed-loans-undisclosed-to-congress-gave-banks-13-billion-in-income.html
"It dwarfed the Treasury Department’s better-known $700 billion Troubled Asset Relief Program, or TARP. Add up guarantees and lending limits, and the Fed had committed $7.77 trillion as of March 2009 to rescuing the financial system, more than half the value of everything produced in the U.S. that year."
that'll be 7.77 trillion usd, about 20,000$ per person, im sure everyone would like to pay that to save the failed banksters.
http://www.bloomberg.com/news/2011-11-28/secret-fed-loans-undisclosed-to-congress-gave-banks-13-billion-in-income.html
"It dwarfed the Treasury Department’s better-known $700 billion Troubled Asset Relief Program, or TARP. Add up guarantees and lending limits, and the Fed had committed $7.77 trillion as of March 2009 to rescuing the financial system, more than half the value of everything produced in the U.S. that year."
October 12, 2014, 03:59:09 PM
not only for the banks but also for the government.
in a bitcoin universe the government can't use the inflation tax, it actually has to ask for money from the people.
imagine the government had to ask the population to pay 1 trillion dollars for the iraq war, thats 3135$ per person.
who would send that money to the government?
in a bitcoin universe the government can't use the inflation tax, it actually has to ask for money from the people.
imagine the government had to ask the population to pay 1 trillion dollars for the iraq war, thats 3135$ per person.
who would send that money to the government?
Those that works in army industry.
fine, let them have the bill then
October 12, 2014, 03:55:28 PM
not only for the banks but also for the government.
in a bitcoin universe the government can't use the inflation tax, it actually has to ask for money from the people.
imagine the government had to ask the population to pay 1 trillion dollars for the iraq war, thats 3135$ per person.
who would send that money to the government?
in a bitcoin universe the government can't use the inflation tax, it actually has to ask for money from the people.
imagine the government had to ask the population to pay 1 trillion dollars for the iraq war, thats 3135$ per person.
who would send that money to the government?
Those that works in army industry.
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