American Economics Thread

[windsclouds2030]

It is indeed a good thing for my crypto and stock holdings, that's for sure.

If I had any crypto I would have cash in now while it still has value (but I won't touch thing like this). It's something with no intrinsic value, unbacked by anyone, unbacked by any sovereign wealth! Instead I'll buy gold bar if I have any excess, idle amount. Some rumor even said that this "Satoshi" creation is the CIA tool to prop USD, to prevent the currency from running into the precious metals... the OPFOR of the Petrodollar reserve currency. BTC is simply a honey trap with up up scheme after so many trillions of USD was created during the pandemic period, and is still ongoing... But remember that in actual life, all the binary "coins" are not used as medium of exchanges.

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The link implies that about 14% of Bitcoins are held by a bunch of ordinary little people and a whopping 86% by whales. That's not good, it means 86% of BTC value is exposed to speculation. So if we take BTC at 60k then the whales could destroy it to 8k if they wanted to, and it could be worse if the little people jump ship during the carnage.

Bitcoin (BTC) has always been oligarch stuff (just look who is pushing it). There are not enough small people to sell it to at these prices, that's why they are now trying to stick it to PENSIONS FUNDS.

The younger generations are not constrained by whole numbers.

"You only make money if you succeed in convincing other people to buy," Peter Schiff says about bitcoin, before challenging Saylor to a debate on the topic.

Schiff also predicts that the Chinese are going to "look real smart" for getting out of bitcoin and that the U.S. is going to "look like idiots" for going all in on crypto.

Peter Schiff was a guest on the Quoth the Raven podcast on Friday last week, where he covered topics ranging from crypto, to the VA governor race results, to China and, of course, the Fed's decision to taper this past week. You can listen to the full hour long audio podcast interview here:

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[Andy1974]

If I had any crypto I would have cash in now while it still has value (but I won't touch thing like this). It's something with no intrinsic value, unbacked by anyone, unbacked by any sovereign wealth! Instead I'll buy gold bar if I have any excess, idle amount. Some rumor even said that this "Satoshi" creation is the CIA tool to prop USD, to prevent the currency from running into the precious metals... the OPFOR of the Petrodollar reserve currency. BTC is simply a honey trap with up up scheme after so many trillions of USD was created during the pandemic period, and is still ongoing... But remember that in actual life, all the binary "coins" are not used as medium of exchanges.

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The link implies that about 14% of Bitcoins are held by a bunch of ordinary little people and a whopping 86% by whales. That's not good, it means 86% of BTC value is exposed to speculation. So if we take BTC at 60k then the whales could destroy it to 8k if they wanted to, and it could be worse if the little people jump ship during the carnage.

Bitcoin (BTC) has always been oligarch stuff (just look who is pushing it). There are not enough small people to sell it to at these prices, that's why they are now trying to stick it to PENSIONS FUNDS.

The younger generations are not constrained by whole numbers.

"You only make money if you succeed in convincing other people to buy," Peter Schiff says about bitcoin, before challenging Saylor to a debate on the topic.

Schiff also predicts that the Chinese are going to "look real smart" for getting out of bitcoin and that the U.S. is going to "look like idiots" for going all in on crypto.

Peter Schiff was a guest on the Quoth the Raven podcast on Friday last week, where he covered topics ranging from crypto, to the VA governor race results, to China and, of course, the Fed's decision to taper this past week. You can listen to the full hour long audio podcast interview here:

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Everyone else is getting rich from crypto except you. How long have you known about the existence of BTC? Imagine if you had spent $1000 on it when you learned about it, how much would you have now? No wonder you are bitter.

Please stop spamming the forum with your conspiracy theories. You really don’t know what you are talking about.

 

[windsclouds2030]

Please stop spamming the forum with your conspiracy theories.

What do you mean by "conspiracy theories"? Which one (ones) that you mean exactly?

If you love crypto then go ahead. I talk to others who may wish to think over it. I don't feel bitter because I never wish to engage from the very beginning, I still won't do in the future, I can less care how high it will go... just live long enough to see.

Note: if you have different faith or values, I may understand. Just don't be rude and maintain the civility!

 

[Andy1974]

What do you mean by "conspiracy theories"? Which one (ones) that you mean exactly?

If you love crypto then go ahead. I talk to others who may wish to think over it. I don't feel bitter because I never wish to engage from the very beginning, I still won't do in the future, I can less care how high it will go... just live long enough to see.

Note: if you have different faith or values, I may understand. Just don't be rude and maintain the civility!

The CIA one. But please, let’s not continue.

 

[windsclouds2030]

The CIA one. But please, let’s not continue.

“CONSPIRACY THEORY” is a term made popular (pushed forward, some even alleged it might have been invented) by the C.I.A to shun the critics on the Warren Commission Report on the Assassination of John F. Kennedy. President Lyndon Johnson established the Warren Commission on 29 November 1963, one week after the JFK assassination. The Warren Report was published in September 1964, followed two months later by its 26 volumes of Hearings and Exhibits.

Those who questioned the findings of the Warren Commission and began positing alternative theories spawned a cottage industry of books, documentaries, and, later, Web sites that continued to thrive into the 21st century... were labeled by the establishment as the “CONSPIRACY THEORISTS”.

There are tons of articles on this subject if one wanna dig deep using the right keywords to search... "Conspiracy Theory Warren Commission Report Assassination of John F. Kennedy" in order to understand the essence of such term coined to shut down critical thought!

Well, I also not intend to go on.

 

[Bellum_Romanum]

Everyone else is getting rich from crypto except you. How long have you known about the existence of BTC? Imagine if you had spent $1000 on it when you learned about it, how much would you have now? No wonder you are bitter.

Please stop spamming the forum with your conspiracy theories. You really don’t know what you are talking about.

Man, it's all good tbh that our friend @windsclouds2030 is providing as strong contrarian viewpoints with respect to the diluge of pro-cryptocurrency push just by about everyone in the west. I myself have invested some money into cryptocurrencies (BTC, Etherium) so that I can also make a buck while the trend is riding high on this thing.

 

[AssassinsMace]

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The US's supply chain problems aren't because problems in Asia. The back up is happening in US ports so it doesn't really matter until the US fixes its own problems. They're trying to blame blackouts in China...? If shipping transports have to wait weeks off the US, those delays are insignificant. Does Latin America and the Balkans have the overall commercial infrastructure and prowess to get raw materials and ship goods that China has? No. Same supply chain problem results. Like I've said before, there is no country that replace China for outsourcing because number one, every other country expects rich Western countries to flip the infrastructure costs for it to work. China provides that already. That's why from new independent entrepreneurs to large establish companies in the US can have production going in a couple months. They can't do that anywhere else and everywhere else is going to cost them more. Corporations are not outsourcing to China for humanitarian reasons. They're there because it's the least expensive place they can find production for their products. Plus they like to forget the Chinese consumer market. Only the stupid still think Westerners are the only ones that buy things from the rest of the world.

 

[Hadoren]

Decoupling going splendidly.

https://twitter.com/i/web/status/1458430528957390848

 

[Hadoren]

I also believe that this permanently eliminates the possibility of large-scale tariffs on China by the European Union or even other Anglo nations. Everybody sees that America has higher inflation than the rest of the advanced world.

Nobody is stupid; people can connect the dots. The tariffs on China are contributing to America's inflation and shortages. No European is going to put large-scale tariffs on China and endure 6% inflation just so America can remain #1.

 

[emblem21]

Decoupling going splendidly.

https://twitter.com/i/web/status/1458430528957390848

Hmmm the process of destroying themselves via moves that people should be wise enough not to commit to is coming along well. I wonder when the people of the USA will eventually turn on their leaders what are pretty much trying to bankrupt and murder their own population. Either way, if a significant proportion of the population is wiped out or if the nation eventually revolts when the times are hard enough, both conclusions regardless with play to China’s advantage which funny enough didn’t require any aggressive moves from Chinas part, talk about epic fail, the USA has truly run of impressive leaders or rather they never had really impressive leaders and is mere coasting of all the resources they have that is wilted down low enough that both China and Russia can afford to wait for the inevitable SHTF moment to go off