Topic: [UNO] Unobtanium Info & Discussion - Hardfork block 1042000 - Merge Mine w/BTC! - page 452. (Read 1047042 times)

That's a possible scenario. However once it happens Yuan becomes so strong that it is basically game over with Chinese exports and time for other countries to export to China.
The current success of China is due to artificially low yuan which boosts Chinese production via exports.

Economists are not fortuna tellers.
Economists use econometric regression models and they simply extrapolate them so therefore there are bias. Despite it is not economists job to predict the future, people expect the economists to do it.
To blame economist for wrong economic prediction is similar than blaming meteoroligist for predicting in a wrong way tomorrow's weather. There is always uncertainity in all predictions.

If you are an investor you do not sell your stocks. If you are a speculator and a gambler you sell and buy stocks. It is all about the difference in mindsets.

I am a bit fed up with people seriously fear mongering with hyperinflation while deflation is a threath we need to be afraid of in economy.
This site lost the credibility - it is one more of those sites that predicts/suggests hyperinflation to USA.

FED can prevent the hyperinflation very easily - just dumping their assets to the markets and thus hoovering the excessive money supply from the markets.
Also hyperinflation requires in USA that the people are working. As long as there are people idle but looking for job I am not afraid of inflation.

Looks like shadowstats has a political agenda (probably extreme liberal). I agree in many things with the liberals (actually much more than with the leftish wing) but I am not a blind believer of this stuff that I have been hearing years after years (hyperinflation comes, be ready, dig a hole on the ground and buy guns). Can you imagine, some people even do it - Youtube has vids of people doing it.

Extreme communism is as bad as extreme liberalism. Both are like religions - blind faith and living in cognitive disonance.

Absolutely.  It should actually be called the petro-dollar. Google Henry Kisinger and the little meeting that he had with the house of Saud after Nixon closed the gold window in 1971. Very revealing....

If one looks at the bi-lateral currency exchanges being brought into existence, Sino-Russo, Sino-Iran, Russo-Singapore, etc. the dollar's days are clearly numbered.  I would not be suprised if the Chinese come out with a gold-backed yuan at some point. They've been buying like crazy! Look out US dollar if they do!

bookmarked

How many Economists warned us of the 2008 crash?  I remember the puppets on the news were telling everyone not to sell their stocks as it crashed hard.

Without the Oil industry, the american dollar would not longer be needed as the reserve currency.  True or False?

Economists are all blowhards.  The more precise they make their answers, the more incorrect they always are. The FED has no clue what it's doing. We are in unprecedented waters. Google Jim Rickards, read some of his stuff.

If you really want to know what's going on in the world go to:

http://www.shadowstats.com/

John Williams costs $200 / year, but he gives you the straight dope on the US government's "numbers." Highly recommend...

How old are you?  Im 43, Ive lived through a few recessions already, does that count as research?  Im raising a family, paying bills and putting food on the table is real world economics.  I have a feeling you dont have the slightest idea how many industries and businesses rely on the oil industry.  I do have a very good idea the money involved in fracking as well.  With the pressures involved(we are talking about cracking rock formations to release oil) all equipment involved needs to be safe(surface equipment is extra beefy, something like 10 000psi+) , otherwise people will die. https://www.youtube.com/watch?v=PQKjLFY5YEY  These wells have an average life of 2 years.

The fed is privately owned by the banks.  Their only interest is in making money for their investors.(banks)  His monetary policy has not saved the usa from civil war, but has brought it closer.  Look at how many states are talking about succession   http://en.wikipedia.org/wiki/2012_state_petitions_for_secession
How many successful businesses has your professor own or operated, I assume it to be ZERO.  

I'm not much of a debater.

I am responsible for my own navigation.

Sometimes I share some tidbits.

Sometimes, re-reading what people have written helps. 

Yes, Japan is stimulating Japanese economy and ECB is stimulating European economy. They should have done this years ago but they were too cautios of inflation and now we see how the European economy suffers and US economy prospers.
So what?

The TV mind-control programming is strong in this one.  

The day after they announced the End to QEII, Japan announced their own manipulations on the global economy.  

After QEI ended, someone in Brussels started to buy up everything.

QE hasn't ended at all, and cannot without a Western world financial collapse.  (Doesn't actually mean some equities would collapse, though, as the corporate mind-control slaves are an asset, afterall.)

Jim Willie's Hat Trick Letter is a compilation from some great researchers - refer to them.  I've only seen their results.  It's at least as good as academia data.  (He's such a Billy Mays, though.    lol.)

Just like a child, I'm not graceful/gracious when asked to 'prove' something, so you get no link.  You may not otherwise see that you are fighting yourself.

Do you have a qualified research to support your claim that low oil price hurts US economy more than helps?
It is not so easy question to answear really.
Do you have some kind of proven fact how much it costs to produce shale oil? I asked this from a friend of mine who is doing his dissertion on this field and he did not answear me yet so probably you have better data to show me.  

Despite my prophessor is very introverted guy and has hard time to pronounce letter "S" he is very smart and sharp guy to whom I appreciate very much.
He has also some achievements in his academic scholar that not many economists have.


BTW, thanks for noticing my idea of investing in dividend paying stocks. Yes, I know it is boring and stuff and therefore you wanted to have a little bit fun and that's cool.
I don't bother to answear there but here I am stating that you should not buy them if you expect the price to rise since you may not get the anticipated outcome.

What comes to your immature critique Ben Bernanke's monetary policy, he probably saved USA from civil war. Sure for long term printing money is not a gateway to bliss but it was the only and necessary step to take on the road to save USA.
However, now the challenge is to withdraw the FED's operations from the markets which they have started.
The interest rate might be optimal in the current environment as the growth is still fragile.

Does the crimex actually sell physical gold or just paper contracts?

 Lol.  They are happy - they keep buying up the cheap gold along with Russia.  ...But your point is right - totally manipulated markets, precious metals especially, repressed prices to prop up the dying $USD.  Just before the $USD dies, it rises, and rises, and rises.  (Refer to Jim Willie on that one; he was right.)  The fiat'ists have nowhere to run, and can't "see" precious metals, much less cryptos or a gem like Unobtanium, so they go to the $USD, as the elite roll over into other assets like they always do, especially into the market for mind-controlled slaves and public higher 'learning'.  

TrueCryptonaire - low crude prices overall hurt the US economy.  Higher 'health''care' costs more than offset any consumer advantage.  Idealists' trickle-down economics don't really work in the real world, not only helicopter Ben type stuff, but neither does lowering raw materials costs.  Besides the millions of truly miserable over-qualified new part-timers in the 'job-creation' of the current fake US economy, the most 'REAL' jobs were created in the Oil Shale industry, fracking and such.  You can't produce oil like that @ $60/barrel, so the low prices are killing that industry.  (By design I may add. )  No, low crude prices are not good for the US Economy at this date and time.  Just a practical reality in a complex world.

If you are still in school, though....  Yeah, go along with the professor's song.  Go along to get along.  Just say what the professor says like a parrot and you'll do just fine in your escape from that oft-expensive place.  (Don't challenge the professors, either.  Ooof!)  (Also, go along with any liberal agenda stuff, like changing the lexicon and whatnuts.   )

I made a poll for TrueCryptonaire, a new thread to discuss this stuff off of the UNO thread.

https://bitcointalksearch.org/topic/m.10569590

I was laid off on feb 11 and found another 2 days later, but after orientation I didnt start till feb 20.  There are jobs everywhere you turn(as long as your skilled) but the city would be the last place I would turn for a job to be honest with you.  I live in a small town(800) and I hate cities, I dont even lock my doors.  At one time, I had $30-40000 worth of miners in my garage.  I dont worry about my future, I worry about my kids future.  I agree about oil, but sadly its not going away anytime soon.  I personally only have about $3 000 dollars worth of debt and I try not to borrow money(just for RRSPs(Registered Retirement Savings Plan)  I agree about the housing bubble(http://www.cnbc.com/id/102447544) but still no raise in interest rates.  In 2008, 4litres of milk cost me $4.50, today its $6.35.  Just because oil prices have fallen, doesnt mean things are getting better.  I dont see these prices coming down anytime soon if ever.  Since 2008 my wage has increased and Im not about to take a pay cut because oil has gone down.  Inflation is rising even though the government claims its staying at 2%

*Im curious as to what the first quarter growth is going to be.

To experienced traders who have seen many recessions and hundreds of scams across the blood-soaked field of financial instruments, your comments betray the impression you are attempting to portray.

You might want to figure out why that is.

Just a friendly thought.

-

...And if you are being taught anything currently pragmatically "profitable", you don't double-down on a 7-year high, you REBALANCE, preferably into a different asset class.  Your point about dividends notwithstanding.

Dollars and euros are not meant to be store of value in the long haul but gold, silver, investments and UNO. 

Gold is another story and when the economy recovers, probably gold price also rises as the demand for gold is increasing.
Especially silver is like this: a lot of demand for silver comes from industrial use and once the economy starts rising, also the industrial demand will rise.

Part-time job is better than no job at all.
I agree that the collapse took some people out of labor force for ever. I am glad Ben Bernanke acted fast and started massive emergency money printing to stimulate the economy.
The collapses are never good, I think the problem was that FED chariman before Bernanke in the beginning of 2000's kept the interest rate waaaay too long time too low and created a massive bubble to housing markets and in 2008 it collapsed and the rest is history.

People do not need "stuff". People need food, housing and clothing.
The manufacturing of stuff has went to China indeed.
The jobs that probably will have demand can be found from service sector or IT (however this requires higher education - after all you are competing with Indian engineers, you cannot outbid with salary but with your knowledge and unique combination of skills which creates a very own niche).
People are getting older and generally the elder generation is wealthy but they need help. New jobs are needed to help this huge generation of elderly people - and most of them in USA can afford to pay for the services.