Explanation
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 24710. (Read 26713542 times)
November 05, 2014, 08:00:24 PM
November 05, 2014, 07:43:02 PM
Bitcoiners, gold bugs and other Austrian School vandals now wish to destroy decades of economic progress
November 05, 2014, 07:21:42 PM
careful NotLambTroll will troll his way into your hearts with those little pink ponies (bit creepy no?)
Definitely......
Gets me every time to see NOT NotPork in such an endearing pose.
November 05, 2014, 07:15:41 PM
Doooooooooooooooown
November 05, 2014, 07:09:43 PM
^
November 05, 2014, 07:04:38 PM
http://www.nationaldebtclocks.org/debtclock/unitedstates
Debt as % of GDP:
103.56%
[blank lines redacted]
Interesting Facts
You could wrap $1 bills around the Earth 69,719 times with the debt amount!
If you lay $1 bills on top of each other they would make a pile 1,955,980 km, or 1,215,389 miles high!
That's equivalent to 5.09 trips to the Moon!
[blank lines redacted]yeah to the moon
Debt as % of GDP:
103.56%
[blank lines redacted]
Interesting Facts
You could wrap $1 bills around the Earth 69,719 times with the debt amount!
If you lay $1 bills on top of each other they would make a pile 1,955,980 km, or 1,215,389 miles high!
That's equivalent to 5.09 trips to the Moon!
[blank lines redacted]yeah to the moon
Interesting fact: Those debts you're talking about? They're owed in $$$. We make $$$ out of thin air because fiat. We don't even need to print them.
Not a problem
November 05, 2014, 07:00:24 PM
November 05, 2014, 06:59:02 PM
careful NotLambTroll will troll his way into your hearts with those little pink ponies (bit creepy no?)
Definitely......
haha... no, but striking resemblance
November 05, 2014, 06:53:27 PM
debt is good?
dear keynesians, this only would have worked if central banks could not print fiat out of thin air to lend it with interest to the government.
how often did the US has to change their debt ceiling in the last 3-4 years?
and its not only a US problem, pretty much every industry nation is nearing a debt crisis, which gonna explode sooner or later under their butt.
dear keynesians, this only would have worked if central banks could not print fiat out of thin air to lend it with interest to the government.
how often did the US has to change their debt ceiling in the last 3-4 years?
and its not only a US problem, pretty much every industry nation is nearing a debt crisis, which gonna explode sooner or later under their butt.
So every industrialized nation in the world is stupid and don't know The Truth about economics that you and some of your crustier friends do.
I suggest you start calling world leaders and educating them, it looks as if without your help, the world is heading for Armageddon.
P.S: In the meantime, that rally sorta stopped rallying a while back
P.P.S: Maybe you can just email world leaders with YouTube links to "Money As Debt"? Sounds like a plan?
Burying your head in the sand won't make the problem go away.
Laughing at the lunatic fringe is called normalcy, not "burry[ing] your head in the sand."
November 05, 2014, 06:50:11 PM
http://www.nationaldebtclocks.org/debtclock/unitedstates
Debt as % of GDP:
103.56%
[blank lines redacted]
Interesting Facts
You could wrap $1 bills around the Earth 69,719 times with the debt amount!
If you lay $1 bills on top of each other they would make a pile 1,955,980 km, or 1,215,389 miles high!
That's equivalent to 5.09 trips to the Moon!
[blank lines redacted]yeah to the moon
Debt as % of GDP:
103.56%
[blank lines redacted]
Interesting Facts
You could wrap $1 bills around the Earth 69,719 times with the debt amount!
If you lay $1 bills on top of each other they would make a pile 1,955,980 km, or 1,215,389 miles high!
That's equivalent to 5.09 trips to the Moon!
[blank lines redacted]yeah to the moon
Interesting fact: Those debts you're talking about? They're owed in $$$. We make $$$ out of thin air because fiat. We don't even need to print them.
Not a problem
November 05, 2014, 06:49:32 PM
^^^ +1000 thx for this
November 05, 2014, 06:41:36 PM
http://www.nationaldebtclocks.org/debtclock/unitedstates
Debt as % of GDP:
103.56%
Interesting Facts
You could wrap $1 bills around the Earth 69,719 times with the debt amount!
If you lay $1 bills on top of each other they would make a pile 1,955,980 km, or 1,215,389 miles high!
That's equivalent to 5.09 trips to the Moon!
yeah to the moon
Debt as % of GDP:
103.56%
Interesting Facts
You could wrap $1 bills around the Earth 69,719 times with the debt amount!
If you lay $1 bills on top of each other they would make a pile 1,955,980 km, or 1,215,389 miles high!
That's equivalent to 5.09 trips to the Moon!
yeah to the moon
November 05, 2014, 06:38:26 PM
debt is good?
dear keynesians, this only would have worked if central banks could not print fiat out of thin air to lend it with interest to the government.
how often did the US has to change their debt ceiling in the last 3-4 years?
and its not only a US problem, pretty much every industry nation is nearing a debt crisis, which gonna explode sooner or later under their butt.
dear keynesians, this only would have worked if central banks could not print fiat out of thin air to lend it with interest to the government.
how often did the US has to change their debt ceiling in the last 3-4 years?
and its not only a US problem, pretty much every industry nation is nearing a debt crisis, which gonna explode sooner or later under their butt.
So every industrialized nation in the world is stupid and don't know The Truth about economics that you and some of your crustier friends do.
I suggest you start calling world leaders and educating them, it looks as if without your help, the world is heading for Armageddon.
P.S: In the meantime, that rally sorta stopped rallying a while back
P.P.S: Maybe you can just email world leaders with YouTube links to "Money As Debt"? Sounds like a plan?
Burying your head in the sand won't make the problem go away.
November 05, 2014, 06:38:18 PM
debt is good?
dear keynesians, this only would have worked if central banks could not print fiat out of thin air to lend it with interest to the government.
how often did the US has to change their debt ceiling in the last 3-4 years?
and its not only a US problem, pretty much every industry nation is nearing a debt crisis, which gonna explode sooner or later under their butt.
dear keynesians, this only would have worked if central banks could not print fiat out of thin air to lend it with interest to the government.
how often did the US has to change their debt ceiling in the last 3-4 years?
and its not only a US problem, pretty much every industry nation is nearing a debt crisis, which gonna explode sooner or later under their butt.
So every industrialized nation in the world is stupid and don't know The Truth about economics that you and some of your crustier friends do.
I suggest you start calling world leaders and educating them, it looks as if without your help, the world is heading for Armageddon.
P.S: In the meantime, that rally sorta stopped rallying a while back
P.P.S: Maybe you can just email world leaders with YouTube links to "Money As Debt"? Sounds like a plan?
It will resume back, don't worry too much.
Good night from Delta Centauri
November 05, 2014, 06:32:35 PM
debt is good?
dear keynesians, this only would have worked if central banks could not print fiat out of thin air to lend it with interest to the government.
how often did the US has to change their debt ceiling in the last 3-4 years?
and its not only a US problem, pretty much every industry nation is nearing a debt crisis, which gonna explode sooner or later under their butt.
dear keynesians, this only would have worked if central banks could not print fiat out of thin air to lend it with interest to the government.
how often did the US has to change their debt ceiling in the last 3-4 years?
and its not only a US problem, pretty much every industry nation is nearing a debt crisis, which gonna explode sooner or later under their butt.
So every industrialized nation in the world is stupid and don't know The Truth about economics that you and some of your crustier friends do.
I suggest you start calling world leaders and educating them, it looks as if without your help, the world is heading for Armageddon.
P.S: In the meantime, that rally sorta stopped rallying a while back
P.P.S: Maybe you can just email world leaders with YouTube links to "Money As Debt"? Sound like a plan?
November 05, 2014, 06:26:17 PM
Bitcoin is a clumsy throwback to the gold standard days. The rest of the world has long since discovered the benefits of elastic money supply--benefits proven both empirically and through the works of John Maynard Keynes, the father of modern economics.
Bitcoiners, gold bugs and other Austrian School vandals now wish to destroy decades of economic progress, thrusting the world back into pre-Keynesian economic darkness.
Luddites
OK. For the sake of the conversation let's assume I'm someone with the power of Mario Draghi.
-How fair is it that I can (literally) sign a Billion Euro check for "Friends n Family" and have no excuses to give to anyone?
-How fair is it that someone like me decides that a Continent's citizens are obliged to pay for MY check via their tax system?
-How fair is that someone like me decides to buy out any Mass Media in the continent to chirp whatever music I like to hear?
-How fair is it that some humans are born with good looks while others with congenital diseases?
-How fair is it that some humans are born rich and don't need to work a day in their lives, while others starve?
-Fair. You earthlings crack Us up.
~Your Beneficent Reptilian Overlords.
You could just admit you don't give a rat's ass about bitcoin and you're just here to challenge our mentality. Well. Bad news for you. Most of us are (DNA wise) 98.1% MONKEYS! Some of us are prettier. Some others like to step on lizards. Get out as soon as nobody like him steps on you:
Your average monkey.
November 05, 2014, 06:23:09 PM
debt is good?
dear keynesians, this only would have worked if central banks could not print fiat out of thin air to lend it with interest to the government.
how often did the US has to change their debt ceiling in the last 3-4 years?
and its not only a US problem, pretty much every industry nation is nearing a debt crisis, which gonna explode sooner or later under their butt.
dear keynesians, this only would have worked if central banks could not print fiat out of thin air to lend it with interest to the government.
how often did the US has to change their debt ceiling in the last 3-4 years?
and its not only a US problem, pretty much every industry nation is nearing a debt crisis, which gonna explode sooner or later under their butt.
November 05, 2014, 06:22:22 PM
Saying it is impossible to change is having a fundamental misunderstanding of how or why bitcoin works
I think it's you who are failing to understand what 'Bitcoin' is. If you changed the 21M coin limit or the generation algorithm you will have created yet another alt coin (which is done every day) . You will not have changed Bitcoin.
Bitcoin's power is based on its participants. Not it's code.
November 05, 2014, 06:21:54 PM
Bitcoin is a clumsy throwback to the gold standard days. The rest of the world has long since discovered the benefits of elastic money supply--benefits proven both empirically and through the works of John Maynard Keynes, the father of modern economics.
Bitcoiners, gold bugs and other Austrian School vandals now wish to destroy decades of economic progress, thrusting the world back into pre-Keynesian economic darkness.
Luddites
OK. For the sake of the conversation let's assume I'm someone with the power of Mario Draghi.
-How fair is it that I can (literally) sign a Billion Euro check for "Friends n Family" and have no excuses to give to anyone?
-How fair is it that someone like me decides that a Continent's citizens are obliged to pay for MY check via their tax system?
-How fair is that someone like me decides to buy out any Mass Media in the continent to chirp whatever music I like to hear?
-How fair is it that some humans are born with good looks while others with congenital diseases?
-How fair is it that some humans are born rich and don't need to work a day in their lives, while others starve?
-Fair. You earthlings crack Us up.
~Your Beneficent Reptilian Overlords.
November 05, 2014, 06:20:19 PM
Saying it is impossible to change is having a fundamental misunderstanding of how or why bitcoin works
I think it's you who are failing to understand what 'Bitcoin' is. If you changed the 21M coin limit or the generation algorithm you will have created yet another alt coin (which is done every day) . You will not have changed Bitcoin.
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