The financial markets are starting to crash, abandon the fiat titanic - page 7.

Robert Paulson

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Quote from: funtotry on October 11, 2014, 10:46:21 PM

Quote from: Robert Paulson on October 11, 2014, 06:41:34 PM

financial markets all over the world are starting to crash after the unsustainable boom caused by money printing.
if this continues the printers will have to start working double shifts to prop the markets back up, destroying their paper currencies in the process.

i urge everyone to at the very least diversify part of their wealth away from papers and into bitcoin/gold before the panic and rush towards the exit starts.

I think 'markets are crashing' is a bit of an exaggeration. The stock market (as defined by the DJIA) is down by >1% for the year which is hardly a crash.

It is also not declining because of inflation it is declining because of economic uncertainty in Europe. One could argue that the 'market' is concerned that not enough money will be printed

its declining because the fed is stopping qe and says its going to increase rates, everyone knows the markets can't stay at these levels if the fed stops printing money.
everyone are starting to dump stocks and sooner or later the fed will have to start an even bigger dose of qe printing which will send the usd into hyperinflation.
now is the time to dump fiat, before everyone else starts running towards the exit.

nuff

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Merit: 250

the current system of money we have now is based on debt. in fact the whole world economy now runs on debt. debt is what keeps the economy growing, but this system is unsustainable and will sooner or later collapse under its own weight. Prices of goods, housing, food - the bare necessities - are rising because the value of fiat is getting smaller. That's inflation for you. The US debt can never be repaid - it will just continue growing bigger and bigger for as long as creditors let it be. When creditors put their foot down and say, "pay me now!" the US can only print more money to repay them, which in turn will flood the markets with even more money, driving the value of the dollar down and prices of things up even more. It's a never ending vicious cycle to an ever deepening bottom from which we can no longer get out of.

TaunSew

hero member

Activity: 756

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Very slow growth in North America, almost no growth in Europe and East Asia is slowing down - that's why markets are declining.

Of course nobody wants to grow the economy in the west as it's not profitable enough. It's more profitable to gamble on real estate and modern art then it is to create a new hyper modern manufacturing with a skilled workforce.

BrewCrewFan

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Activity: 672

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Quote from: thezerg on October 11, 2014, 10:41:20 PM

Quote from: Wandererfromthenorth on October 11, 2014, 08:22:50 PM

Money printing?

Bitcoin is more inflationary than fiat since its supply will grow (yearly) more than fiat for many years.

https://en.bitcoin.it/wiki/Controlled_supply

Your argument is invalid.

Also, if financial markets crash all over the world and panic ensues do you think people's first thought will be to put money in a currency that has lost more than 50% of it's value in 2014?

Sorry but yours is currently wishful thinking.

Not necessarily... if the glass is empty and you fill it there is no problem. If the glass is full and you pour in a half-glass of water... problem.

The glass is technically not half empty or full, because air fills it so the glass is really full.

funtotry

sr. member

Activity: 420

Merit: 250

Ever wanted to run your own casino? PM me for info

Quote from: Robert Paulson on October 11, 2014, 06:41:34 PM

financial markets all over the world are starting to crash after the unsustainable boom caused by money printing.
if this continues the printers will have to start working double shifts to prop the markets back up, destroying their paper currencies in the process.

i urge everyone to at the very least diversify part of their wealth away from papers and into bitcoin/gold before the panic and rush towards the exit starts.

I think 'markets are crashing' is a bit of an exaggeration. The stock market (as defined by the DJIA) is down by >1% for the year which is hardly a crash.

It is also not declining because of inflation it is declining because of economic uncertainty in Europe. One could argue that the 'market' is concerned that not enough money will be printed

thezerg

legendary

Activity: 1246

Merit: 1010

Quote from: Wandererfromthenorth on October 11, 2014, 08:22:50 PM

Money printing?

Bitcoin is more inflationary than fiat since its supply will grow (yearly) more than fiat for many years.

https://en.bitcoin.it/wiki/Controlled_supply

Your argument is invalid.

Also, if financial markets crash all over the world and panic ensues do you think people's first thought will be to put money in a currency that has lost more than 50% of it's value in 2014?

Sorry but yours is currently wishful thinking.

Not necessarily... if the glass is empty and you fill it there is no problem. If the glass is full and you pour in a half-glass of water... problem.

ElectricMucus

legendary

Activity: 1666

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Marketing manager - GO MP

Quote from: ?? on ??

Quote from: abs350 on October 11, 2014, 06:48:15 PM

You sir are a nutcase

Says the man with a post count of 3.

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.

Wandererfromthenorth

hero member

Activity: 742

Merit: 500

Money printing?

Bitcoin is more inflationary than fiat since its supply will grow (yearly) more than fiat for many years.

https://en.bitcoin.it/wiki/Controlled_supply

Your argument is invalid.

Also, if financial markets crash all over the world and panic ensues do you think people's first thought will be to put money in a currency that has lost more than 50% of its value in 2014?

Sorry but yours is currently wishful thinking.

247bitcoins

newbie

Activity: 25

Merit: 0

printed fiat is only a fraction of fiat

it's all digital credits now, fake credits backed by nothing

long live btc

abs350

full member

Activity: 481

Merit: 102

You sir are a nutcase

Robert Paulson

sr. member

Activity: 448

Merit: 250

financial markets all over the world are starting to crash after the unsustainable boom caused by money printing.
if this continues the printers will have to start working double shifts to prop the markets back up, destroying their paper currencies in the process.

i urge everyone to at the very least diversify part of their wealth away from papers and into bitcoin/gold before the panic and rush towards the exit starts.

Topic: The financial markets are starting to crash, abandon the fiat titanic - page 7. (Read 7763 times)