Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 8233. (Read 26711049 times)

legendary
Activity: 2268
Merit: 1278
Look at the prices of medical procedures in the US. One would suppose that capitalism would manage to reduce prices due to competition as it does in most other sectors. But in this particular case it is not happening at all. How do you reconcile US not having universal health care and still having the biggest per person spend? It just doesn't make any sense.

Simple. Medicine in the US is a semi-socialized, government-market-distorted clusterfuck that has nothing whatsoever to do with capitalism.

So the alternative being fully socialising it would probably work better IN COMPARISON... Unless they manage to keep corrupting the system somehow... which probably they would.

Is there any country where a pure capitalist health system exist? If there is, I would like to know and compare costs.
Possibly in eastern europe somewhere, but I can't say for sure. In some of the former soviet countries communism and socialism is (at least officially) illegal. I'll be looking into this in the next half year or so.
hero member
Activity: 994
Merit: 707
legendary
Activity: 2268
Merit: 1278
P.S.: Thinking about this is making me recognise how wonderful is to have free public health service and how we usually don't see the value in those things we have always taken for granted.
It's not free. In this case it appears you don't see the cost.

Of course it is being paid in advance in order to be "free" when you need it but, there is something very wrong with the alternative system:

Look at the prices of medical procedures in the US. One would suppose that capitalism would manage to reduce prices due to competition as it does in most other sectors. But in this particular case it is not happening at all. How do you reconcile US not having universal health care and still having the biggest per person spend? It just doesn't make any sense.

I don't believe in socialism, but in this particular case I have to acknowledge universal health care works way better overall.

Of course I find completely ridiculous that universal health care also covers foreigners (and even ilegal migrants) here whose respective nations don't reciprocate when we go there. That's completely stupid and plain wrong from an economical point of view (I will leave ethical concerns out of this) and it is well known there are many people exploiting this.
I don't know nearly enough about the US health system to answer this, but I will say that part of the problem is that the US is not a capitalist country. It is as socialist as everywhere else in the west, it just has a slightly different form.

Another potential issue is the sue culture. It's so out of hand that we make fun of it in the rest of the world. What's a medic to do when he risks getting sued every time he treats a patient? Well he obviously has to charge enough that he can afford that risk.

I have stayed at a number of hotels in thailand with pools over the past months, and they all have the same sign with the same clause: There is no lifeguard, and you use the pool at your own risk.

Remove the welfare state - all of it, rip it out by the roots - and change the legal system so people are forced to accept a higher degree of personal responsibility for their own actions, and prices might eventually come down. But it's a decades long process, even if done right, which it won't be. Basically the whole country is fucked.
legendary
Activity: 1862
Merit: 1530
Self made HODLER ✓
No, really, I am serious now... Why do people think toilet paper will be their biggest concern in case of a shortage of supplies?


Maybe it's the cheapest way to completely fill a supermarket cart so that they fool themselves that they are doing good?



Nonsense.

Think you nailed it.  Smiley

If so, then maybe we really needed a pandemic to rebalance humanity.

And in some way I am also serious about that. I mean... If this thing really goes BAD it will be a great "stress test" of current dependence on specific chains of supply. Not that I really want that to happen (unlike some) but just trying to see the good side of an inevitable bad situation.
hero member
Activity: 994
Merit: 707
No, really, I am serious now... Why do people think toilet paper will be their biggest concern in case of a shortage of supplies?


Maybe it's the cheapest way to completely fill a supermarket cart so that they fool themselves that they are doing good?



Nonsense.

Think you nailed it.  Smiley
legendary
Activity: 1862
Merit: 1530
Self made HODLER ✓
No, really, I am serious now... Why do people think toilet paper will be their biggest concern in case of a shortage of supplies?

What about water and food?

How the fuck does this work?  Like "I am fully prepped for the apocalypse because now I have a room completely filled with toilet paper." ?

Maybe it's the cheapest way to completely fill a supermarket cart so that they fool themselves that they are doing good?

Don't they know that when you don't eat you barely shit either?

Nonsense.
hero member
Activity: 1204
Merit: 755
Homo Sapiens Bitcoinerthalensis
But but, you can't wipe your ass with that, it has C O R O N A. Roll Eyes
hero member
Activity: 994
Merit: 707
Is Venezuela rich now bc they have toilet paper money?  Cheesy
hero member
Activity: 994
Merit: 707
Bernie doesnt like private property or capital. Bitcoin is the ultimate form of private property. Bernie and his communist idealogues in the White House would have been very hostile to Bitcoin for 4 years.

Covbull-19 was very fatal to Bernie's chances and it put money printers into maximum overdrive on their printing presses. Its as bullish as a flu bug can be.  Grin

Bernie is by far the best candidate for bitcoin. Even though he is documented as being anti-fed, a higher debt would lead to more money printing, which means a weakening of the dollar and a strengthening of bitcoin. Not to mention he also wants to deliver free high-speed internet across the country which would allow more people to use bitcoin than are currently able.

As an establishment hack, Biden will protect the dollar and poo-poo bitcoin in a similar fashion as Trump.

You have to decide what you value more: a non-socialist president or a pro-bitcoin political/economic environment.

Bernie would have put far left types in powerful positions.

It matters less what Bernie thinks about Bitcoin and the Fed, vs what kind of people Bernie would appoint to hundreds of powerful positions. These would be people who leaned very far left, and once you go far enough left you start wanting to abolish private property and put the gov in control of everything, especially money.

Bitcoin won big when Bernie got trashed. Yes its speculation, but I have no reason to believe Bernie wouldnt put communist/far left idealogues in power at places like the Treasury, the Fed, the Supreme Court, the FBI, the SEC, the Justice Department, etc, and these people would be very hostile to private money like Bitcoin.

Do you think its a coincidence that 2 out of 4 of the communist party ran govs are hostile to Bitcoin to the point of banning exchanges, banning it for use of payments, and not letting their Banks touch it?

Bernie could ban Bitcoin in a heartbeat with an executive order. Trump might talk bad about it but he would never be foolish enough to piss off that many voters. Bernie is such a rigid idealogue I doubt he would give two shits about what people thought.

Biden is a centrist and for Bitcoin in America thats pretty damn good bc centrists will tolerate it.

Covbull-19 saved our asses by taking down Bernie. Grin
hero member
Activity: 1204
Merit: 755
Homo Sapiens Bitcoinerthalensis
Sugar babe is gone. Undecided

Quote
Tι να τoν κανεις τo χρυσo,
τo χρημα, τα πετραδια,

oταν παντερμη ειν' η ζωη,
και πανω απ' oλα αδεια.


Cretan version haiku (μαντιναδα).

Greeks excluded, this needs to be fun - 3 merits to whom ever finds the closest translation in English. Grin



... and hey, I already tried Google. Tongue

OK, either it was too difficult, or the reward was too poor - or both.
Nevertheless, I did think the WO would deliver.
Anyway, the meaning is this:

What to do with (your) gold,
with money, (or) with gems,

when life is lonely,
and above all empty.


My bet was, that the word "lonely" would not be achieved, as it's local dialect.
That said, someone Greek could/can make sense of it most likely.
legendary
Activity: 1442
Merit: 2282
Degenerate bull hatter & Bitcoin monotheist
Ok I can’t get lawn beetle killer.  It’s sold out and no new stock.

Pretty sure it’s not a substitute for toilet paper.  

We need to keep an eye on the availability of agricultural chemicals as this can have food security impacts.  

Quote
Nutrien, the dominant player in Australian farm supply and services, said the active ingredients in a range of herbicides, pesticides and fungicides were available only from China.

It predicted worldwide shortages of important farm chemicals within six to nine months if there was an extended breakdown in Chinese manufacturing.
member
Activity: 371
Merit: 57
[...] Just practice some patience (years!) and start looking at the horizon, it is beautiful!
My nick was not created in 2015, 2015 was that horizon but it still took 3 years to get back to $1K. And look where we are now.
legendary
Activity: 2478
Merit: 1220
Privacy Servers. Since 2009.
someone found a way...


Dammit we're screwed guys! BTC is dead! New currency is emerging!  Grin
legendary
Activity: 1862
Merit: 1530
Self made HODLER ✓
someone found a way...


I really don't get what's up with all that fuss about toilet paper. People living in the past or what?

legendary
Activity: 2184
Merit: 1540
someone found a way...
legendary
Activity: 3010
Merit: 8114
Bernie doesnt like private property or capital. Bitcoin is the ultimate form of private property. Bernie and his communist idealogues in the White House would have been very hostile to Bitcoin for 4 years.

Covbull-19 was very fatal to Bernie's chances and it put money printers into maximum overdrive on their printing presses. Its as bullish as a flu bug can be.  Grin

Bernie is by far the best candidate for bitcoin. Even though he is documented as being anti-fed, a higher debt would lead to more money printing, which means a weakening of the dollar and a strengthening of bitcoin. Not to mention he also wants to deliver free high-speed internet across the country which would allow more people to use bitcoin than are currently able.

As an establishment hack, Biden will protect the dollar and poo-poo bitcoin in a similar fashion as Trump.

You have to decide what you value more: a non-socialist president or a pro-bitcoin political/economic environment.
hero member
Activity: 994
Merit: 707
I'm not a specialist in discussing US politics, but someone from the US please correct me if I'm getting it wrong:

Will the spreading of the coronavirus in the US benefit Sanders against Biden? Sanders is (arguably) the politician from whom I've heard about healthcare improvement the most; IMO, the failure of the healthcare system in the USA at this point will give the old man some extra advantage in his campaign.

Bernie is already toast. He got rejected in major primaries on Super Tuesday and has little more chance to win in the betting markets than Hillary Clinton, which is to say he is a big long shot now and his front runner status was destroyed.

Most legal American occupants understand that capitalism made America rich and rich countries do better in emergency situations than poor ones.

When the going could hypothetically get tough bc of some unkown like Covbull-19 people arent looking to switch to an economic system that makes you poorer in aggregate just to make a few deadbeats happy that they will get free shit off the backs of working people.

Id say CovBull-19 helped Biden do so well on Super Tuesday, people started giving more thought to the implications of converting to a Cuba or Venezuela type of economy and how we would fare in bad situations with a guy bent on stifling innovation and prosperity.

Bernie doesnt like private property or capital. Bitcoin is the ultimate form of private property. Bernie and his communist idealogues in the White House would have been very hostile to Bitcoin for 4 years.

Covbull-19 was very fatal to Bernie's chances and it put money printers into maximum overdrive on their printing presses. Its as bullish as a flu bug can be.  Grin
legendary
Activity: 938
Merit: 2540
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