Cryptocurrency

Rum, beer, women, movies, nice websites, gaming, etc., without interrupting the flow of martial threads.

Cryptocurrency

Postby Strange on Sat Apr 17, 2021 6:02 pm



with government and banks freely printing fiat money,
i think that every money dollar that one owns is shrinking is actual purchasing power by the minute
and no, that "trickle-down" story is complete bull
What do you think?
and ultimately, how does the common ppl "win"?
Last edited by Strange on Sat Apr 17, 2021 6:03 pm, edited 1 time in total.
天官指星 单对月 风摆荷叶 影成双

岳武穆王以枪为拳, 六合形意李门世根, 形意拳五行为先, 论身法六合为首,少揽闲事心田静, 多读拳谱武艺精 - 李洛能 (形意拳谱)
User avatar
Strange
Great Old One
 
Posts: 5399
Joined: Tue May 13, 2008 1:33 am

Re: Cryptocurrency

Postby Trick on Sat Apr 17, 2021 10:58 pm

. with government and banks freely printing fiat money,
i think that every money dollar that one owns is shrinking is actual purchasing power by the minute
and no, that "trickle-down" story is complete bull
What do you think?
and ultimately, how does the common ppl "win"?
Common ppl can not win as long as we want the “common” life...
The value of “money” is tied to what you will be able to produce, there’s no gold standard anymore..
The perceived way of life we “want” to lead require dependency of the (common)banking system. And this common system is about to ensnare us even more with the cashless way of life and some new tricks pulled out from the hat such as the UBI....it’s evolving into a new common.
The rebellious crypto currencies are just a temporary trap to ensnare the rebellious nonconformists tight to the computerized/AI/transhumanist Agenda.

If you’re not an avid supporter of the at work computerized/AI/transhumanist/new reset/2030 agenda way of life and trying to live away from it as much as possible the Roko’s Basilisk will come and get you.....

There’s no where to run, we’re being locked in an tight computerized nut hold.... 8-)
Trick

 

Re: Cryptocurrency

Postby Peacedog on Sun Apr 18, 2021 12:23 pm

Depending upon who you ask somewhere between 22 to 40% more US dollars are in circulation today than in 2019.

https://www.cityam.com/almost-a-fifth-o ... this-year/

Crypto is really just a method to get around reckless fiat currency printing and unsound economic policy writ large by most of the larger states. Unfortunately, all the developed economies are doing this and increasing third world countries like the CCP. All of these states have runaway debt, aging populations and increasingly socialist economic policy.

The US stock market is poised for a major crash. P/E is out the window on all the vanity stocks (Facebook, Tesla, Google, etc.) and it is increasingly creeping into stocks that manufacture durable goods as well. Mainly because even the investor class can't find anywhere to put their increasingly valueless dollars.

Most tellingly the ultimate in mobile elites at Nomad Capitalist are telling people to divide their holdings between cyrpto, real estate in hot markets, and gold. This is short for "all hell is about to break loose and we don't know what to do." So if those guys can't figure out where to go investment wise the situation is pretty dire. (https://nomadcapitalist.com/)

My guess is most developed states will find a way of severely limiting individual level access to both the stock market and cypto once this hits. Either thru excessive taxation, I already pay 25% on crypto trades held less than a year, or access fees like charging $200 USD for an individual trade versus the essentially free trading that takes place now. It's more about maintaining position for elites than the economic well being of the states involved.

More calls for the long discredited Universal Basic Income (UBI) will go out. Hard to tell if that will be approved at some point or not. If it does, it will just accelerate the devaluation of the currencies that sign on to it.

The penalty phase for that useless horndog Clinton's hat trick of defining away inflation is coming home to roost and it is happening at a breakneck speed. I just paid $22 USD for breakfast at a local diner that cost me $13-15 USD last year.

It is going to be a rough ride for anyone that doesn't own a durable good that can self index to all of the inflation, formal or otherwise, that is going on. You need to own a product that scales and run your worthless fiat dollars you get paid in to crypto and/or metals. Being an owner operator won't work long term as you can't turn your pricing fast enough to keep up with devaluing fiat and maintain your customer base. Likewise being a salaried worker is equally stupid at this point as you won't be able to increase your salary fast enough either.

And that does not get into the massive wave of bankruptcies that will take place in the last half of 2021 and early 2022. People keep forgetting that the US effectively nuked 25% of its economy last year between state level shutdowns and out of control rioting in many urban areas. Sadly this is not a US centric problem either.

Between billions in lost privately equity from small businesses simply burning to the ground and "police reform" movements that have made these urban areas ungovernable, these places will not recover. You can now shoplift $950 USD in consumer goods in southern California and the police won't press charges as it is only a misdemeanor. Good luck running a retail business under those circumstances. Likewise, every business one of my startups worked with in SoHo got burned out in a six week period last year during the riots there that the press couldn't be bothered to cover. None of those businesses are coming back.

The people who voted for the politicians who put these policies into place are about to get a lesson in real world economics. They are going to get it good and hard.
Last edited by Peacedog on Sun Apr 18, 2021 4:56 pm, edited 2 times in total.
Peacedog
Great Old One
 
Posts: 2101
Joined: Fri May 23, 2008 5:22 am
Location: Standing right next to your girl....

Re: Cryptocurrency

Postby Quigga on Mon Apr 19, 2021 12:44 am

So then there's not much to do for a single individual than to keep working and hope for the best? Maybe get engaged in the prepper scene :ninja:
Maybe get one or multiple guns and learn how to use them, some small property in the woods, as self sufficient as possible, as unknown as possible...

Or it's just another economic crisis and people having jobs that are always in demand should be happy? Hyper inflation is fun. Anyone have recipes for paper?
What's between you and the world
Quigga
Anjing
 
Posts: 245
Joined: Mon Mar 19, 2012 1:08 pm

Re: Cryptocurrency

Postby Quigga on Mon Apr 19, 2021 12:46 am

Products that scale... What would that be? Asking before researching.

Having a strong community around you might also help...
What's between you and the world
Quigga
Anjing
 
Posts: 245
Joined: Mon Mar 19, 2012 1:08 pm

Re: Cryptocurrency

Postby Peacedog on Mon Apr 19, 2021 4:30 am

I’m not big on the prepper deal as it only works for short periods of time (i.e. post-hurricane events). That said, owning and knowing how to use firearms is always a good idea as the Los Angeles riots proved a few decades ago.

AFA products that scale are concerned, I’ve seen people do well writing/selling e-products (books, video courses), and selling niche goods (hand cream, supplements, beard oil) that they have made under license. Real estate (landlording) works well if the local laws do not include things like rent control or are heavily tilted towards tenant rights (don’t do this in a major urban area). Service industry work where you hire others to work for you off-site is good (cleaning services, booking services for the trades, MDs signing scripts for independent PAs).

Outside of this you’ll need to get creative.
Last edited by Peacedog on Mon Apr 19, 2021 4:31 am, edited 1 time in total.
Peacedog
Great Old One
 
Posts: 2101
Joined: Fri May 23, 2008 5:22 am
Location: Standing right next to your girl....

Re: Cryptocurrency

Postby Strange on Mon Apr 19, 2021 7:22 am

Quigga wrote:So then there's not much to do for a single individual than to keep working and hope for the best?


one could try to get into (ie own) stuff that they cannot make more of
e.g. property, precious metals... etc.

did i mention property?
天官指星 单对月 风摆荷叶 影成双

岳武穆王以枪为拳, 六合形意李门世根, 形意拳五行为先, 论身法六合为首,少揽闲事心田静, 多读拳谱武艺精 - 李洛能 (形意拳谱)
User avatar
Strange
Great Old One
 
Posts: 5399
Joined: Tue May 13, 2008 1:33 am

Re: Cryptocurrency

Postby Peacedog on Mon Apr 19, 2021 7:52 am

The bottom line is that the bigger governments are actively trying to reinstate neo-feudalism with the ownership class being the new lords.

It can't work long term, as was proven with the abject failure of socialism in the 20th century, as no one is smart enough to centrally run an economy. It just doesn't work.

This largely comes from the ongoing desire, dating back to the failure of the noble families and their replacement by the merchant class, to maintain position within society over a long period of time. The major downside, from the perspective of the ruling classes, associated with capitalism is the fact that no one can stay on top for long. If you look at the listings of Fortune 500 companies over the last 100 years almost no one lasts more than 30-40 years on the list.

What isn't seen is how wealthy families suffer the same fate. Few hold on to their wealth for more than a generation or two. All of this centralized control of the economy is an attempt to circumvent that fact.

So, the rules are actively being re-written to favor the ownership class at the expense of everyone else.

By extension, if you don't want your life to suck, get to work owning something.
Peacedog
Great Old One
 
Posts: 2101
Joined: Fri May 23, 2008 5:22 am
Location: Standing right next to your girl....

Re: Cryptocurrency

Postby Trick on Mon Apr 19, 2021 11:01 pm

Strange wrote:
Quigga wrote:So then there's not much to do for a single individual than to keep working and hope for the best?


one could try to get into (ie own) stuff that they cannot make more of
e.g. property, precious metals... etc.

did i mention property?

According to the “New Reset” plan you will own nothing in 10 years, at least that’s what the head of the world economic forum have in mind for us. Maybe this actually work inline with the UN’s 2030 Agenda ?

If a real crisis erupts then those with real power will strip us from owning stuff like properties/land and precious metals...it’s already going on in some places, they must work hard now it’s only 9 years till the deadline...and the crises that may erupt are most certainly well planned to happen, the top in the food chain are one or a couple of steps ahead.
The inevitable new world order can’t really be compared with the past attempts for full control, those where kind of just experiments to learn from..with new technologies and wisdom from the past it all march ahead as planned...
Trick

 


Return to Off the Topic

Who is online

Users browsing this forum: No registered users and 2 guests