Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32630. (Read 26629062 times)

May the selloffs... Begin.

Gg  bitcoin

Nore.

this is the beginning of the end of the universe

10 year bonds closed at hit 3% @ 4:27 EST http://www.marketwatch.com/investing/bond/10_year

Sorry, but no.

Anarcho-syndicalism = workers control the means of production. You work in a factory - you control directly the production process, you participate directly in the decision making and you OWN the fruit of your labour.

Communism = social ownership of means of production. It might seem similar, but its not at all - as a worker you do not "own" the means of production nor the fruits of your labour in a communist system, the "society" does, which basically means that the State owns them. That's why Bakunin said communism was going to be "the biggest lie of the Century", and it even said communism was just a form of "state capitalism", as the worker did not control the means of production nor the fruit of his labour. An exception would be Pannekoek's council communism, which was totally opposed to russian bolshevism, and was in many ways much closer to Kropotkin's and Bakunnin's anarcho-communism.

And again: Bitcoin is just a currency, and it has no political sign - but saying is "anarcho-syndicalist" is simply wrong. Most of original anarchists (or "left" anarchists, as some would say, especially in the US) wouldn't even use money as we know it (an exception would be Proudhon's mutualism), in fact during the most relevant anarcho-syndicalist experience in history (Aragón, Spain: 1930-1938) the "Peseta" of the Spanish Republica was not used at all. They had no currency nor legal tender, they just seldomly issued their own "money" which were just vouchers or IOU's with very specific uses. And BTW: anarcho-syndicalism is just a WAY or STRATEGY to reach "anarchy", or "anarcho-communism" or "libertarian communism", as many US folks like to name them to distinguish them from their very own, ill-named "anarcho-capitalism")

Fascinating experience BTW (the one in Aragón), it was a pity that both the spanish fascists and the KPSS (Russian communists) joined forced to crush what could have been one of the most relevant and game-changing revolutions in Europe's history.

Sorry of the OT, folks.

I agree inflation will follow deflation, but neither you nor I have any clue how long deflation will last. Could be weeks, months or years.

Obama just re-affirmed QE-Tapering.... http://www.zerohedge.com/news/2013-09-05/did-obama-just-appoint-himself-fed-chair

Probably not so good for bitcoin

Stagflation, a portmanteau of stagnation and inflation, is a term used in economics to describe a situation where an inflation rate is high, the economic growth rate slows down, and unemployment remains steadily high. It raises a dilemma for economic policy since actions designed to lower inflation may exacerbate unemployment, and vice versa.

Responses

Stagflation undermined support for Keynesian consensus. The rise of conservative theories of economics, including monetarism, can be traced to the failure of Keynesian policies to combat stagflation or explain it to the satisfaction of economists and policy-makers.[citation needed]
Federal Reserve chairman Paul Volcker very sharply increased interest rates from 1979–1983 in what was called a "disinflationary scenario." After U.S. prime interest rates had soared into the double-digits, inflation did come down; these interest rates were the highest long-term prime interest rates that had ever existed in modern capital markets.[27] Volcker is often credited with having stopped at least the inflationary side of stagflation, although the American economy also dipped into recession. Starting in approximately 1983, growth began a recovery. Both fiscal stimulus and money supply growth were policy at this time. A five- to six-year jump in unemployment during the Volcker disinflation suggests Volcker may have trusted unemployment to self-correct and return to its natural rate within a reasonable period

the increase is foreshadowing inflation.

but i agree with you, this will make a lot of money leave the markets...

this is not good of for the US economy.

time for more QE?

..nothing? lol

Used to use clarkmoody all the time, until it started dropping connection as soon as things got interesting.

This is my favorite Bitcoinity feature: