@ biodom
Some f.u.d
https://www.yahoo.com/finance/news/vladimir-putin-says-inflation-russia-020206878.html
deep in the article it states Russia has 12.5% interest rates and inflation is around 5.25%
Trump
Biden
Turtle neck forget his name
Pelosi
are all older than 76
they are all pre boomers.
They can read this as US is winning as out interest is only 7.2% and our inflation rate is under 5%.
Thus fed rates be going up again as US is betting they will tap out Russia.
What does it mean? Hodl you BTC as it is going to boom once this USA vs Russia game stops.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 1701. (Read 26715880 times)
September 12, 2023, 10:15:53 PM
September 12, 2023, 10:14:49 PM
A portion of US population is rapidly going bankrupt:
Average mortgage is $2300/mo
Average rent is $1700/mo
Average household income is $70K (which is probably about $55K or less after taxes, give or take).
See some affordability numbers here:
https://www.youtube.com/watch?v=VqPcil1HX-Y
Average Social security payment for seniors is $1700, so if they rent, then they have no money left, literally...a straight path to homelessness:
https://www.wsj.com/economy/housing/why-more-baby-boomers-are-homeless-2d2b913b
For younger people: $1700 rent (and much more in some cities) plus $300-400 student loan=$2100/mo=25K a year out of average 54K (44k after taxes) salary for a 25-34 year old.
The result: not much left after buying groceries and a car payment, maybe almost nothing, and this is in a supposedly richest country in the world.
Conclusion: it looks like the society will be changing soon...much less prosperity, more suffering.
Can bitcoin strive when large swathes of the population become desperate?
Maybe it can (citadels?), if elites would choose it for capital preservation, but I sincerely doubt truly mass participation by the rest of the populace as they simply don't have money to invest while living paycheck to paycheck (apparently 61% are those).
The current trends will soon make a huge chasm between the top 5-10% and the rest.
Imho, the society would start to resemble the preindustrial (feudal) age: almost everyone would be either rich or poor with almost no middle class.
Unfortunately, bitcoin cannot prevent this and it could even hasten the transition through no fault of its own: everything else would just sink and bitcoin would remain.
Average mortgage is $2300/mo
Average rent is $1700/mo
Average household income is $70K (which is probably about $55K or less after taxes, give or take).
See some affordability numbers here:
https://www.youtube.com/watch?v=VqPcil1HX-Y
Average Social security payment for seniors is $1700, so if they rent, then they have no money left, literally...a straight path to homelessness:
https://www.wsj.com/economy/housing/why-more-baby-boomers-are-homeless-2d2b913b
For younger people: $1700 rent (and much more in some cities) plus $300-400 student loan=$2100/mo=25K a year out of average 54K (44k after taxes) salary for a 25-34 year old.
The result: not much left after buying groceries and a car payment, maybe almost nothing, and this is in a supposedly richest country in the world.
Conclusion: it looks like the society will be changing soon...much less prosperity, more suffering.
Can bitcoin strive when large swathes of the population become desperate?
Maybe it can (citadels?), if elites would choose it for capital preservation, but I sincerely doubt truly mass participation by the rest of the populace as they simply don't have money to invest while living paycheck to paycheck (apparently 61% are those).
The current trends will soon make a huge chasm between the top 5-10% and the rest.
Imho, the society would start to resemble the preindustrial (feudal) age: almost everyone would be either rich or poor with almost no middle class.
Unfortunately, bitcoin cannot prevent this and it could even hasten the transition through no fault of its own: everything else would just sink and bitcoin would remain.
September 12, 2023, 10:04:57 PM
September 12, 2023, 09:41:51 PM
Off topic (as usual for me), BUT the pic isn't...so there is that.
So I set up a little polishing station in the new garage.
Here's the medallion I made for myself 3 years ago. (I made El Duderino the twin. Most of the OGS in here have likely seen them already from past posts)
I got obsessed with You Tube restoration videos and polishing to a mirror finish.
So had to try it myself, and what better piece to try it out on than a work made, CNC milled, stainless steel medallion?
I almost got desired result, but taking a pic doesn't do it justice, as the mirror finish plays havoc with the lighting.
Plus I don't want to publish a mirrored selfie of myself in the piece, taking a pic. Not good for opsec, lol.
So I set up a little polishing station in the new garage.
Here's the medallion I made for myself 3 years ago. (I made El Duderino the twin. Most of the OGS in here have likely seen them already from past posts)
I got obsessed with You Tube restoration videos and polishing to a mirror finish.
So had to try it myself, and what better piece to try it out on than a work made, CNC milled, stainless steel medallion?
I almost got desired result, but taking a pic doesn't do it justice, as the mirror finish plays havoc with the lighting.
Plus I don't want to publish a mirrored selfie of myself in the piece, taking a pic. Not good for opsec, lol.
That looks awesome! New nickname for you - Al Bedo.
I made a half-assed (best I could do given time constraints) side by side of an original vs the upgrade -
Nice job bro!
I’m not very busy tonite at work. Here’s something from my Mastercam home project archive.
Ironically I refer to them as “homer” projects, lol. I updated and added a couple of details to the file…
Wow! I am honoured... and speechless.
September 12, 2023, 09:25:30 PM
Off topic (as usual for me), BUT the pic isn't...so there is that.
So I set up a little polishing station in the new garage.
Here's the medallion I made for myself 3 years ago. (I made El Duderino the twin. Most of the OGS in here have likely seen them already from past posts)
I got obsessed with You Tube restoration videos and polishing to a mirror finish.
So had to try it myself, and what better piece to try it out on than a work made, CNC milled, stainless steel medallion?
I almost got desired result, but taking a pic doesn't do it justice, as the mirror finish plays havoc with the lighting.
Plus I don't want to publish a mirrored selfie of myself in the piece, taking a pic. Not good for opsec, lol.
So I set up a little polishing station in the new garage.
Here's the medallion I made for myself 3 years ago. (I made El Duderino the twin. Most of the OGS in here have likely seen them already from past posts)
I got obsessed with You Tube restoration videos and polishing to a mirror finish.
So had to try it myself, and what better piece to try it out on than a work made, CNC milled, stainless steel medallion?
I almost got desired result, but taking a pic doesn't do it justice, as the mirror finish plays havoc with the lighting.
Plus I don't want to publish a mirrored selfie of myself in the piece, taking a pic. Not good for opsec, lol.
That looks awesome! New nickname for you - Al Bedo.
I made a half-assed (best I could do given time constraints) side by side of an original vs the upgrade -
Nice job bro!
I’m not very busy tonite at work. Here’s something from my Mastercam home project archive.
Ironically I refer to them as “homer” projects, lol. I updated and added a couple of details to the file…
September 12, 2023, 09:04:46 PM
buddy grinds on.
September 12, 2023, 09:01:19 PM
September 12, 2023, 08:39:51 PM
The CEO for Binance US just resigned. This is not a good thing by any means. I assume that means that Binance US was doing some shady things with customer deposits. While the US branch of Binance is just a company licensing their name, I do believe that they intermingled funds at some point, which would be a no-no. Get your big boy pants on. The market is about to separate the believers from the speculators.
nice cheap corn
Love Corn :-)
https://www.mashupmom.com/wp-content/uploads/2021/02/love-corn-snacks.jpg
September 12, 2023, 08:03:25 PM
September 12, 2023, 07:44:47 PM
The CEO for Binance US just resigned. This is not a good thing by any means. I assume that means that Binance US was doing some shady things with customer deposits. While the US branch of Binance is just a company licensing their name, I do believe that they intermingled funds at some point, which would be a no-no. Get your big boy pants on. The market is about to separate the believers from the speculators.
nice cheap corn
September 12, 2023, 07:39:41 PM
The CEO for Binance US just resigned. This is not a good thing by any means. I assume that means that Binance US was doing some shady things with customer deposits. While the US branch of Binance is just a company licensing their name, I do believe that they intermingled funds at some point, which would be a no-no. Get your big boy pants on. The market is about to separate the believers from the speculators.
September 12, 2023, 07:01:22 PM
September 12, 2023, 06:01:18 PM
September 12, 2023, 05:03:25 PM
September 12, 2023, 04:38:34 PM
In fairness to the technology oligarch, their hand was forced by supranational political overlords under the guise of efficiency. LOL ...because that's what big government is all about.
September 12, 2023, 04:04:55 PM
September 12, 2023, 03:55:05 PM
and my wendsday dca is coming soon.
Sorry for your loss.
sept 19 fed raises rates we go down again.
You think?
I wouldn't bet the farm on it.
Between FTX and mtgox there is going to be a lot of BTC flooding to the market in the coming months.
Omg.
everybody panic
That being said, the ETF approvals will unleash a tidal wave of capital onto crypto.
Oh? I prematurely ejaculated my panic.
You mean we don't need to panic?
While you could try and time this perfectly, I think the best strategy will be to buy often for the next few months. In another 7 months BTC is going to start getting hard to come by.
Oh?
You mean this for the HODLers?
September 12, 2023, 03:43:43 PM
Jesus Christ!
Is this for real?
Well, we're at $26,099 as I type this, so there's still hope.
September 12, 2023, 03:34:58 PM
https://youtu.be/MoN9ql6Yymw?si=AQnvTbHzvC6Jkpye
Oh, I love it and I hate it at the same time
You and I drink the poison from the same vine
September 12, 2023, 03:09:48 PM
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