Explanation
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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 380. (Read 26496750 times)
July 23, 2024, 01:01:16 PM
July 23, 2024, 12:29:28 PM
It clearly is just gaslighting about democracy. Old Joe is the elected candidate for leader of the Democrats going into this election and they just tossed him on his ear and are undemocratically installing Kamala. She's already raising funds for her campaign. Who elected her as party leader?
The voters in the primaries. The way the system is set up, you vote for a candidate in the primaries and you have to trust his/her choice of a yet-unannounced running mate.
Remember Gerald Ford? People voted for Tricky Dicky in the primaries and then for him and Spiro Agnew in the general election. After Spiro quit, Nixon arbitrarily installed Ford as his VP so when Tricky himself was forced to quit, Ford became president without ever being elected.
Democracy? I guess everyone got to vote. Voting for Nixon or Biden in the primaries shouldn't mean electing Ford or the successor to whomever Harris might choose as a running mate though. This "democracy" is flawed.
Same holds true for Trump/Vance. When you vote for a geriatric candidate like Trump or Biden, you take your chances.
____
I'm in my mid-70's but I'm still sharp enough to know I'm too old to be running a government.
I also question the motives of anyone over the age of 70 who would even want to try to run a government. It seems like power hunger is the chief driving force. Any normal person should welcome the chance to live happily ever after.
Well, there is a democratic process for each party to come up with a presidential nominee and after Bernie et al got screwed over, the rules were said to have been strengthened. The process isn't nominate and fall back to the appointed VP after forcing out the old part. I wouldn't expect the Dems to follow any democratic process though; why start now?
Not just Bernie. RFK Jr would probably have polled more delegates than Kamala if they had held the proper process and not left it this late.
But we couldn't possibly have that either now could we? The Clintons and Obamas wouldn't allow it.
For the sake of the USA and the rest of the world an independent ticket with Tulsi Gabbard, RFK Jr and Trump I think could possibly really have changed things for the better I think.
Kamala is absolutely fucking stupid.
It's not even a joke.
Mitch McConnell complete brain freezes also seemed to have been forgotten.
Truly strange what the hell is going on.
July 23, 2024, 12:01:14 PM
July 23, 2024, 12:00:43 PM
It clearly is just gaslighting about democracy. Old Joe is the elected candidate for leader of the Democrats going into this election and they just tossed him on his ear and are undemocratically installing Kamala. She's already raising funds for her campaign. Who elected her as party leader?
The voters in the primaries. The way the system is set up, you vote for a candidate in the primaries and you have to trust his/her choice of a yet-unannounced running mate.
Remember Gerald Ford? People voted for Tricky Dicky in the primaries and then for him and Spiro Agnew in the general election. After Spiro quit, Nixon arbitrarily installed Ford as his VP so when Tricky himself was forced to quit, Ford became president without ever being elected.
Democracy? I guess everyone got to vote. Voting for Nixon or Biden in the primaries shouldn't mean electing Ford or the successor to whomever Harris might choose as a running mate though. This "democracy" is flawed.
Same holds true for Trump/Vance. When you vote for a geriatric candidate like Trump or Biden, you take your chances.
____
I'm in my mid-70's but I'm still sharp enough to know I'm too old to be running a government.
I also question the motives of anyone over the age of 70 who would even want to try to run a government. It seems like power hunger is the chief driving force. Any normal person should welcome the chance to live happily ever after.
Well, there is a democratic process for each party to come up with a presidential nominee and after Bernie et al got screwed over, the rules were said to have been strengthened. The process isn't nominate and fall back to the appointed VP after forcing out the old part. I wouldn't expect the Dems to follow any democratic process though; why start now?
July 23, 2024, 11:58:32 AM
Compulsory image:
July 23, 2024, 11:44:43 AM
After Spiro quit, Nixon arbitrarily installed Ford as his VP so when Tricky himself was forced to quit, Ford became president without ever being elected.
With the way things are going recently, it's beginning to look quite likely that that was not a coincidence.
Especially after the first thing Ford did was to pardon Nixon.
But you need to understand how fucked the USA is.
Supreme Court is now fully immune from taking gifts and or bribes
President is immune from any official acts including murder if its official.
congress doe not have any of the above immunity.
so the three part government is now shattered.
July 23, 2024, 11:35:47 AM
After Spiro quit, Nixon arbitrarily installed Ford as his VP so when Tricky himself was forced to quit, Ford became president without ever being elected.
With the way things are going recently, it's beginning to look quite likely that that was not a coincidence.
Especially after the first thing Ford did was to pardon Nixon.
July 23, 2024, 11:34:49 AM
And trump caused 25-30% of that number.
He would likely tap out the country. As his specialty is going bankrupt.
By the way it could be his goal to do it. It also could be a good idea as it is obviously happening started with Johnson fight Vietnam and the war on poverty at the same time. Nixon tossed in more fuel ending the gold standard.
Been downhill since. Had a bit of a pause with Clinton and he fed some money 1993 to 1998 to the middle class.
But basically from 1964 to 2024 the USA middle class has been under attack of at least 50 of those 60 years.
And by your math how much Biden caused of that number? Point being laying blame doesn't matte if both parties do the same thing
The deficit numbers are public knowledge. And if you paid attention to what I said Johnson began the slide (Democrat) Nixon added fuel (Republican) Trump had the highest four term total 🟰 fact.
When Biden is done we can compare it. His term is not done.
here is a list 1929 to 2023
https://www.thebalancemoney.com/us-deficit-by-year-3306306
Trump was about 7.5 trillion in four years.
Biden is about 4.9 trillion in three years.
No doubt they are the frist and second place losers in terms of debt.
July 23, 2024, 11:28:15 AM
After Spiro quit, Nixon arbitrarily installed Ford as his VP so when Tricky himself was forced to quit, Ford became president without ever being elected.
With the way things are going recently, it's beginning to look quite likely that that was not a coincidence.
July 23, 2024, 11:25:03 AM
It will be a profound development fase when Lightning finally takes off eating CBDC marketshare making central banks absolute and the redistribution of financial power.
18 months.
July 23, 2024, 11:23:33 AM
It clearly is just gaslighting about democracy. Old Joe is the elected candidate for leader of the Democrats going into this election and they just tossed him on his ear and are undemocratically installing Kamala. She's already raising funds for her campaign. Who elected her as party leader?
The voters in the primaries. The way the system is set up, you vote for a candidate in the primaries and you have to trust his/her choice of a yet-unannounced running mate.
Remember Gerald Ford? People voted for Tricky Dicky in the primaries and then for him and Spiro Agnew in the general election. After Spiro quit, Nixon arbitrarily installed Ford as his VP so when Tricky himself was forced to quit, Ford became president without ever being elected.
Democracy? I guess everyone got to vote. Voting for Nixon or Biden in the primaries shouldn't mean electing Ford or the successor to whomever Harris might choose as a running mate though. This "democracy" is flawed.
Same holds true for Trump/Vance. When you vote for a geriatric candidate like Trump or Biden, you take your chances.
____
I'm in my mid-70's but I'm still sharp enough to know I'm too old to be running a government.
I also question the motives of anyone over the age of 70 who would even want to try to run a government. It seems like power hunger is the chief driving force. Any normal person should welcome the chance to live happily ever after.
July 23, 2024, 11:01:15 AM
July 23, 2024, 10:58:40 AM
Last week ETFs bough over a month's supply of BTC (BTC18.750). Just yesterday ETFs consumed BTC7.761 which is over 17 days of supply consumed in only one day! Anyone else is astonished that they're able to do that without moving the price much?
Certainly YES.... makes me thinking who is selling etc
the big part of the Bitcoin supply is held by individuals.
I guess whales from the first era are eager to sell for a few millions what they bough for a pizza.
Nothing wrong about that.
July 23, 2024, 10:33:59 AM
Try to find the LLama
I couldn't find anyone with that username. Do you mean the lama guy who thinks Bitcoin will go to 0?Proudhon isn't a Tibetan priest. He's an alpaca.
July 23, 2024, 10:27:33 AM
Last week ETFs bough over a month's supply of BTC (BTC18.750). Just yesterday ETFs consumed BTC7.761 which is over 17 days of supply consumed in only one day! Anyone else is astonished that they're able to do that without moving the price much?
Certainly YES.... makes me thinking who is selling etc
On Wall Street you don't have to "have" something in order to sell "it".
That said, I don't have any evidence that they sell nonexistent bitcoin using the ETF shorting route, but it is possible, especially since, apparently, most of the ETF companies do not reveal their holding addresses.
July 23, 2024, 10:12:25 AM
Last week ETFs bough over a month's supply of BTC (BTC18.750). Just yesterday ETFs consumed BTC7.761 which is over 17 days of supply consumed in only one day! Anyone else is astonished that they're able to do that without moving the price much?
Certainly YES.... makes me thinking who is selling etc
July 23, 2024, 10:11:02 AM
So even if you held all the BTC available in the world right now, you could just about pay 1 year's of interest.
I remember an interview from Blackrock CEO Larry Fink saying that the Dollar will not be sustainable in the long run building new infrastucture is critical for America mainting prosperity.
The U.S goverment, Wallstreet and the FED they all know the Dollar needs to be replaced.
What will that be? CBDC (digital Dollar) ore...Bitcoin? Blackrock and others are buying like crazy they alone already have more than 300.000 coins.
Dispite haven't heard about it for a while CBDC is still in the pipeline. I guess it will be a mix with the digital Dollar/Euro/Yen/Pound with Bitcoin as digital gold backup status.
It will be a profound development fase when Lightning finally takes off eating CBDC marketshare making central banks absolute and the redistribution of financial power.
July 23, 2024, 10:01:17 AM
July 23, 2024, 09:53:09 AM
Bitwise have publicly posted the address(s) they use to custody their ETF Bitcoin. The others as far as I’m aware haven’t.
July 23, 2024, 09:51:43 AM
Last week ETFs bough over a month's supply of BTC (BTC18.750). Just yesterday ETFs consumed BTC7.761 which is over 17 days of supply consumed in only one day! Anyone else is astonished that they're able to do that without moving the price much?
I think we have to assume that there is big money shorting in futures markets to keep the price down. Either that or even worse, Blackrock are selling IBIT shares and not buying the physical Bitcoin.
Wouldn't BTC addresses show this clearly, someone would be able to figure that out, surely?
One would expect that these ETFs have some kind of Proof of Reserves (you know like those shady backyard crypto casinos), but then again they're banks and such alikes, meaning one can really trust them blindly..
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