Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32877. (Read 26686406 times)

Yeah and I often wondered why the inflation rate wasn't rocketing (though it is still going up.) So obvious to me now that the Big banks are not sharing in their coming into money. Max talks about this in this and other episodes. And the terrible part (or a terrible part) is that they are causing the price of assets (stocks, homes in some cases and basically where ever they put their money) to artificially go up in their "asset investing" program (The rich get richer and we are making the payments). Instead of we the people getting the money, they are keeping the vast majority in their circles. But what happens when they stop this? Those asset prices will plummet and we are getting there. (Must listen to the show I linked.)

If you use the swarm ro model economy, i suppose you're right, though the swarm doesn't begin to imply the interconnectedness of real economy.  More like a complex ecosystem, taking millennia to emerge & something as inconsequential as a breeding pair of ship's rats to destroy.  Oh, the rats die off too once the snacks are gone  


Possibly.  Most likely not, though.  "Artificial" [quotes intentional] economy was needed to support "artificial" everything -- population, for one.  There's plenty of talk about unsustainability of economy predicated on exponential growth, but that's the required *minimum* to keep up with exponential population growth.  I'm sticking with the junky model.


Which parts are you thinking of?


If it's cancer, it metastasized a long time ago -- chemo will kill the patient

Max Kaiser +1

Another thing that people don't seem to understand is that QE is a very effective way to tax the population without them realising it, they don't have to be sent a bill or made aware of it at all.

Let's take the example of the UK economy, for no other reason than that's where I live.  Suppose the real total wealth of the country and the total amount of Sterling in existence is £1trillion, and that it's divided equally between the government and us the long suffering population.  Next the government prints another £1trillion of fiat and keeps it.  There hasn't been another £1trillion of wealth generated to justify that so the only thing that can happen is for the value of Sterling to halve.  Now two things have happened, the first is that rather than having £500,000,000,000 of wealth the population only have half of that, they might have the same amount of bank notes but they can only buy half as much with them.  The government has £1,500,000,000,000 in bank notes now, they too may only have half the value they did but they've effectively arranged it so that rather than the government and the people having a 50:50 share in the unchanged real total wealth of the country it's now 75:25, and nobody has noticed.  Obviously these are fictitious numbers but that's not the point.

oh yes. crackheads in the roach motel.

here's another opinion (the same one essentially) by Detlev Schlichter:

You have to watch some of Max Keisser regarding "quantitative easing". The short answer "they" we can't stop. The debt has grown so large and once we slow the printing of money we can no longer pay for the debt as the interest rates will move up. QE will continue until things pop. (We have a bond bubble as well.) Interest rates are rising anyway. Seriously, it is going to get interesting, very interesting. Talk about the worlds largest social experiment, I say the money one ends as the others have (Boom).

Speaking of which, here is his latest episode - A GREAT ONE - on... Quantitative Easing. Coincidence?
(Worth 2 watches.)

http://rt.com/shows/keiser-report/episode-472-max-keiser-217/

If your libertarian romantic ever plays out I rather think we are facing the extinction of the human race. 

The economy is a swarm of entities. You can talk about it like it was one organism, which is true to an extent, but on the other hand if parts of that swarm fail, it doesn't mean the whole thing dies.

Parts of the economy will die a horrible death and/or suffer severe withdrawal symptoms. Guess which parts: the ineffective ones that had been regularly injected before. The party will be over for those guys, their confidence dwindling and being replaced by suicidal wishes and hate. Some will come around, though.

Other parts of the economy that had previously been suppressed and kept from fair market access are going to thrive and steal the show of the fake boys on coke in their unreasonably big cars.

The cancer will die off.

To come back to an earlier point by coinseeker: Yes, it's imagination. But doesn't everything start like that? As dreams in the heads of people?

I just wonder if the market can *still* do its thing without "monetary injections."  It hasn't lived a"natural" lifestyle for so long, shooting meth to wake up, dope to get through the day & horse tranqs to fall asleep -- i doubt it could get clean without barfing all over the place, throwing temper tantrums & cleaning out my wallet for "just one more fix."  What if the best we could look forward to is a series of methadone clinics, AA meetings & ugly relapses?  "If you gonna be like this, might as well get back on the stuff, Lee."

Nicely said and thanks for saving me some more typing.      Coinseeker likes to integrate a variety of logical fallacies into his posts and you clarified things.

Exactly - it isn't about BTC per say but it is the best, most accepted and first to the show. It would be great if BTC is The One to succeed, but that is not the point. We are a part of something bigger.

And correct again, it is being used and is giving us a choice as a medium of exchange. Be it for products, as a store of wealth or to subvertedly get into and out of other currencies... Really, it is like digital gold.

Bitcoin is just a type of crypto, yes. But a strong one... the first one. It's likely to make it out on top when crypto in general becomes accepted by more and more people. If not (and another, better one comes out on top), well: fine be me. I might be a little disgruntled and kick myself for not buying more TopCoin earlier, but I'll still be living in a world that has no assholes being able to print money at will and that's the real upside.

Yes, they (Argentinians) are using BTC to get USD, but they're having contact with Bitcoin and actually using it. They will not just simply forget about the concept. They are now infected with the crypto virus. Takes time to incubate, but it never leaves you and in no time you find yourself bragging about how you teleported your wealth out of the country by memorizing a string of numbers and letters to your friends and had you just not converted back to USD you'd now be twice as rich, damnit, maybe I should buy some bitcoins again .

"It's about letting people engage in commerce with ANY currency" <- I disagree. It's not about that. Yes: ripple is a wonderful system (or open transactions?) for allowing transmission and automatic trade of IOUs. In case you're saying XRP (the ripple built-in money you need for using the system) is the money in ripple that will become the "main currency" everything will be based off of (reserve currency) then your argument is moot because then we're talking one currency again. Ripple can be great for running your local or niche currency and it can be a good tool for transferring IOUs of existing currencies, but it doesn't solve counterparty risk or problems inherent to the moneys you're transferring IOUs of.

It's about having good money. And by good I mean: scarce, easily transferrable, fungible, easily auditable, accessible to anyone, ownable (deny access to others). Once you have that the economy (= the people) will thrive and prosper because the market can do its thing without money injections bloating it up in various places and distorting price signals.

THIS

boom, bust, war... repeat.

I fear they might want to go that route once again. Only the people of the world can stop it.

getting steeper?

also, how do I run chartbuddy live?

If you do that, you cannot sell the USD to the black market, because you can't get USD for your BTC inside Argentina (at black market rate).