And Communism has never been tried!
And Communism has never been tried!
Like any Government is going to leave billions just sitting on the table.
In other countries too
America will be the worst for this. The narrative has been set for years, did you see it?
They’ll wait until they need it (fiat issues) then they’ll take it, likely before Social Security. Before you get a warning. Because with blockchain, none of the transfers can be hidden, that’s why they don’t need to move yet. Because who’ll sympathize with “dark web money launderers” over veterans?
If this were poker, the pot would be getting bigger and you’d be certain of a win. You would be wrong. White House wins. 1% tops. Any greater exposure and you probably can’t afford to lose your shorts. My exposure is 0% because I don’t believe in fairytales like a Huge Government playing nice. I’ve read too many history books.
It’s the Emperor’s New Clothes of currency.
too much discussion of dollar, insufficient on the petro- part.
Especially threats to.
I have been waiting for this for literally years.
This will be our time’s Tulip Bulb Craze. All the signs are there, except tulip bulbs are real and have A*E*S*T*H*E*T*I*C value.
Anything the Lopez guy plugs financially is a scam, in my opinion. Ponzi, from someone of that level. He’s like the everyman internet entrepreneur schtick, like that slimeball 4 Hour Work Week charlatan who pretends to come from a common background. The one who gives nothing to the world but interviews useful people. Like white guy Oprah. Total waste of space. Can the internet entrepreneur celebrity fad die already?
There’s a software bubble, but that has nothing to do with the CCs carried by software. Buy Bitcoin because you’re too stupid to understand why placing your life savings where you can’t grab it before the Government is a great idea!
Everyone says it’s a good idea!
I mean, would the Government lie to you?
Would they deliberately act like a direct challenge to their financial authority was safe, so you pile in all your suspicious investments, only to sweep in and nationalize it at the last second, leaving you with no legal recourse?
No, obviously not, you paranoid conspiracy theorist.
But also you’re a paranoid conspiracy theorist if you’re using Bitcoin, according to the MSM, which isn’t like reverse psychology or anything so don’t buy Bitcoin with your real(er) money.
“They can’t find my bitcoin wallet at the border!” They can shoot you with a low-level EMP though, can’t they?
You can’t out-think sociopaths with all the resources.
Apparently Islam beats oil money, in an unexpected twist.
With a fertility rate like theirs, property should be cheap.
But Bitcoin isn’t a bubble.
Ironically, if you’re in the very situation you’d need crypto, there’d be no electricity to access crypto.
DATA IS ALWAYS SAFE – idiots
Another scintillating round of explaining things that are obvious to me but nobody else, supposedly.
I don’t want to do many Forex posts but I should fully explain myself.
Lessons for Americans.
TLDR: Stupid spending habits including war. Bleeding hearts lead to bleeding wallets.
” I think it’ll be down to crypto and Sterling (not biased, based on structural factors) plus USD if it gets its own structure in order (I live in hope with a bagful of monies) and maybe Germany’s DM once the EU goes tits up.”
Simply look at this chart.
France is screwed because Islamic immigration has turned Paris, its cultural and economic hub, into a gigantic mosque. They committed cultural suicide. They keep voting in more gibs (a French tradition) and their debt/GDP is 96%. They’re done, it’s over. There’ll have to be a civil war.
Japan’s debt/GDP will make your eyes water but the worst of it is the marriage rate. Their IQ means nothing, they’re dead. The cult of collectivist elderly worship means they won’t make the vital spending cuts to save the young and productive. 250.4% as of 2016.
The genuine forces of European might are Germany for pure productivity as you can see and Britain, in part for military might. Historically, we were the reserve currency. We exported language, culture and a sense of suicidal white guilt with a heady Savior Complex. Protestant work ethic isn’t a moral obligation.
Crypto is coming whether the People want it or not. I can’t really explain why, I think it’s stupid.
Never let it be said they passed up an opportunity for control or money.
USD is the wildcard. You could fix it, technically but there’s little incentive.
Most of the voting public don’t understand it isn’t just Russia breathing down your neck but the fatal ship of RussiaxChina, which I will dub Ruina.
It fits, what can I say?
Raw resources are good but with a shit-tier populace, it doesn’t matter.
Look at all the resources in Africa untouched for millennia. The best capital is intellectual capital and national IQ correlates strongest to GDP.
Two demographic components hardly mentioned are critical, imho.
Population density of K-selected labour – hard-working, patriotic and local-buying. High IQ could be thrown in, plausibly, based on the fact they have high impulse control (grit, low time pref.). From an economic standpoint, kinda important…?
Racial corruption. Nobody wants to talk about that one so I’ll leave it to your imagination. Expected honesty, by contrast, with WEIRD nations and WASP types. You can’t trust a currency controlled by corrupt governments, especially supposedly Marxist ones – Marx was not a fan of wealth and capitalism, to capitalize on investments. You can’t trade with liars and frauds, the wobbly product quality at the very least will ruin your margins. Look up Asian export scandals, there are so, so many. Hey, if you like poison in your baby’s formula, you do you.
You have a better theory, go ahead, hit me with it.
We can make money, we’re in this together. I care when it buys me shoes.
So while the US continues to parade with “destroying” the Russian economy, even if it means crushing the shale industry, aka the only bright spot, and high-paying job-creating industry in the US economy over the past 5 years, Russia and China continue to be nudged by the west ever closer monetarily and strategically, until one day, as we have long predicted, China and Russia will announce a joint currency, one backed by both China’s “surprising” gold reserves and Russia’s commodity hoard. Then things will get interesting.
This is why the BoE (Bank of England) is trying to move to plastic-based cash. And they pass microbes better too.
“The technology, which has been developed by Dr John Bond OBE from the University of Leicester’s Department of Chemistry, uses a specially tailored UV light source to visualise fingerprints not possible to see otherwise on ‘thermal paper’ — that is, the paper used for shop receipts and for bank statements from ATMs.
Historically, the process of visualising fingerprints on thermal paper has been problematic, as the solvent used in the chemical treatment can colour the dye and turn the whole paper black, rendering thermal paper a ‘problem surface’ to recover fingerprints from.
The new technology developed by Dr Bond counters these issues, making it possible to identify fingerprints on all forms of thermal paper efficiently.
Dr Bond said: “This new technology offers a new way of easily looking for fingerprints on an increasing source of paperwork that criminals are likely to handle when committing a variety of offences.”
The most honest stockbroker in the entire world, everyone: Alessio Rastani
3 1/2 minutes for a heady dose of reality. I’m surprised the BBC didn’t assassinate him.
“Markets are ruled by fear.
The market is toast. The stock market is finished. The Euro – they don’t really care. They’re moving their money away to safer assets. Personally, it doesn’t matter. I’m a trader. I don’t really care about that kinda stuff. If I see an opportunity to make money, I go with it so for most traders it’s not about, we don’t really care how they’re gonna fix the economy, our job is to make money from it. Personally, I’ve been dreaming about this moment for years, I have a confession which is: I go to bed everynight, I dream of another recession. I dream of another moment like this. Why? Because the Thirties Depression, wasn’t just about the market crash – there were some people who were prepared to make money from that crash and I think anybody can do that. It isn’t just for some people in The Elite. Anybody can actually make money, it’s an opportunity. When the market crashes, when the Euro and the big stock markets crash, if you know what to do, if you have the right plan set up, you can make a lot of money from this. For example, hedging strategies is one, investing in bonds, treasury bonds, that sorta stuff.
This economic crisis is like a cancer. If you just wait and wait, thinking this is gonna go away, just like a cancer it’s gonna grow, and it’s gonna be too late. What I would say to everybody is: Get Prepared. This is not a time right now to … wishful thinking that government’s gonna sort things out, the governments don’t rule the world, Goldman Sachs rules the world. GS does not care about this rescue package, neither does the funds. So actually, I would tell people, I wanna help people. People can make money from this, it isn’t just traders. What they need to do is learn how to make money from a downward market.
The first thing people should do is protect their assets. Protect what they have. Because in less than 12 months , my prediction is the savings of millions of people is gonna vanish and it’s just the beginning. I would say be prepared and act now. The biggest risk people can take right now is not acting. [complacency]”
The prediction is correct, if not for the QE programmes backed by the World Bank and IMF that have staved it off thus far.
Anyone have tips to add?