China is not stupid enough to be drawn into this. If they isolate themselves from the rest of the world economically, they are toast. They need the rest of the world buying their cheap schidt.
what words? you're telling me I'm gonna be eating out of a trash can while you'll be eating the high dollar spam when China forces the world off the petrol dollar.
what am I supposed to do with that? I know, I'll uproot my family, move into the wilderness, get a wood stove, dig a well ,grow an ass load of tomatoes and raise goats, and sell everything I own to buy gold and crypto because a guy named irfurbar on the internet is telling me my world is going to end in a few months.
Last edited by KFWA; 03/13/22.
have you paid your dues, can you moan the blues, can you bend them guitar strings
what words? you're telling me I'm gonna be eating out of a trash can while you'll be eating the high dollar spam when China forces the world off the petrol dollar.
what am I supposed to do with that? I know, I'll uproot my family, move into the wilderness, get a wood stove, dig a well ,grow an ass load of tomatoes and raise goats, and sell everything I own to buy gold and crypto because a guy named irfurbar on the internet is telling me my world is going to end in a few months.
If I came across that way I apologize, you seem like a nice normie... I am just a little jaded due to current events. I would like to help you and have given advice to you in the past and , well you took it as combative. It is probably my presentation. I wish you the best, just a little tough love is all I got
Originally Posted by Judman PS, if you think Trump is “good” you’re way stupider than I thought! Haha
China is not stupid enough to be drawn into this. If they isolate themselves from the rest of the world economically, they are toast. They need the rest of the world buying their cheap schidt.
They will do whatever they perceive as being advantageous to China.
And Consider that the rest of the world needs and wants their cheap stuff ongoing.
what words? you're telling me I'm gonna be eating out of a trash can while you'll be eating the high dollar spam when China forces the world off the petrol dollar.
what am I supposed to do with that? I know, I'll uproot my family, move into the wilderness, get a wood stove, dig a well ,grow an ass load of tomatoes and raise goats, and sell everything I own to buy gold and crypto because a guy named irfurbar on the internet is telling me my world is going to end in a few months.
LOL.
You seem very ungrateful for his wise words of doom and gloom and your inadequte preps for the coming apocalypse.
You silly "normies".
I am waiting for him the explain what exact currency is going to replace the Dollar? China's RMB or Russian Rubles?
They have been trying to do this for years but everybody knows China is litterally the worlds worst currency manipulator and who would be willing to get paid in Rubles?
John Burns
I have all the sources. They can't stop the signal.
John, Obviously I don't know, if I claimed I did , I would be full of schit... but I can guess... very risky for me, kinda like predictions... but here we go a digital , block chain currency, like bit coin.. but backed by gold.
Originally Posted by Judman PS, if you think Trump is “good” you’re way stupider than I thought! Haha
And they wouldn't need the worlds approval, they could simply sell their energy , fertilizer etc... to other countries through this blockchain and eliminate western bankers
Originally Posted by Judman PS, if you think Trump is “good” you’re way stupider than I thought! Haha
John, Obviously I don't know, if I claimed I did , I would be full of schit... but I can guess... very risky for me, kinda like predictions... but here we go a digital , block chain currency, like bit coin.. but backed by gold.
Infubar,
A blockchain currency can't be backed by gold or any physical commodity.
The backing is the time it takes to digitally mine and the security of the blockchain.
It's still fiat currency.
John Burns
I have all the sources. They can't stop the signal.
John, Obviously I don't know, if I claimed I did , I would be full of schit... but I can guess... very risky for me, kinda like predictions... but here we go a digital , block chain currency, like bit coin.. but backed by gold.
Infubar,
A blockchain currency can't be backed by gold or any physical commodity.
The backing is the time it takes to digitally mine and the security of the blockchain.
It's still fiat currency.
John, By no means am I an expert on blockchain or anything to do with Tech... but my understanding is blockchain is a fancy word for ledger. A ledger than records and displays every transaction ever made. So forgive me if I use the wrong techno babble.... Point being a system that uses a ledger based on computing power backed by gold. Seems it could be done? Again these things are like predictions, little upside for me and a ton of downside as in campfire fashion if I am wrong a dozen guys will jump my schit. I do appreciate the discussion though
Originally Posted by Judman PS, if you think Trump is “good” you’re way stupider than I thought! Haha
If they really wanted to unleash economic Hell on the US, they could coordinate dumping their US treasuries on the open market and cause our interest rates to skyrocket.
They have already started that with short term treasuries, not as easy with long term, but they aren't buying anymore. The fed is, it's called monetizing your debt, causes inflation... gee who'd a thunk The real money play is when Russia starts selling energy and only accept gold as payment.... then the USD collapses .... coming soon I believe
The Fed announced last week they're not doing any more quantitative easing.
Progressives are the most open minded, tolerant, and inclusive people on the planet, as long as you agree with everything they say, and do exactly as you're told.
If they really wanted to unleash economic Hell on the US, they could coordinate dumping their US treasuries on the open market and cause our interest rates to skyrocket.
They have already started that with short term treasuries, not as easy with long term, but they aren't buying anymore. The fed is, it's called monetizing your debt, causes inflation... gee who'd a thunk The real money play is when Russia starts selling energy and only accept gold as payment.... then the USD collapses .... coming soon I believe
The Fed announced last week they're not doing any more quantitative easing.
Oh yeah.... and they are going to raise interest rates also.... uh huh They better raise rates above the rate of inflation, otherwise a waste of time.. The debt payment on 30 trillion will be debilitating
Originally Posted by Judman PS, if you think Trump is “good” you’re way stupider than I thought! Haha
If they really wanted to unleash economic Hell on the US, they could coordinate dumping their US treasuries on the open market and cause our interest rates to skyrocket.
They have already started that with short term treasuries, not as easy with long term, but they aren't buying anymore. The fed is, it's called monetizing your debt, causes inflation... gee who'd a thunk The real money play is when Russia starts selling energy and only accept gold as payment.... then the USD collapses .... coming soon I believe
The Fed announced last week they're not doing any more quantitative easing.
Yep and further said that any rate increases that needed to be done to slow inflation would be done slowly and incrementally to avoid a recession.
All of the above yet to be seen.
It appears that the FED does have some wiggle room with rates as low as they’ve been and historically speaking, still are.
John, Obviously I don't know, if I claimed I did , I would be full of schit... but I can guess... very risky for me, kinda like predictions... but here we go a digital , block chain currency, like bit coin.. but backed by gold.
Infubar,
A blockchain currency can't be backed by gold or any physical commodity.
The backing is the time it takes to digitally mine and the security of the blockchain.
It's still fiat currency.
Also John the one and only think that separates bit coin from fiat is the the supply is capped at , I think 23 million bitcoins? Fiat is unlimited.... big distinction
Originally Posted by Judman PS, if you think Trump is “good” you’re way stupider than I thought! Haha
If they really wanted to unleash economic Hell on the US, they could coordinate dumping their US treasuries on the open market and cause our interest rates to skyrocket.
They have already started that with short term treasuries, not as easy with long term, but they aren't buying anymore. The fed is, it's called monetizing your debt, causes inflation... gee who'd a thunk The real money play is when Russia starts selling energy and only accept gold as payment.... then the USD collapses .... coming soon I believe
The Fed announced last week they're not doing any more quantitative easing.
Yep and further said that any rate increases that needed to be done to slow inflation would be done slowly and incrementally to avoid a recession.
All of the above yet to be seen.
It appears that the FED does have some wiggle room with rates as low as they’ve been and historically speaking, still are.
Evert time they start creeping the rates up the equity market tanks.... they have painted themselves into a corner
Originally Posted by Judman PS, if you think Trump is “good” you’re way stupider than I thought! Haha
Someone with less than 100k rounds of ammo stashed away?
Here’s a clue for all you normies out there. Your block chain currency, your bar of gold and your annuities can suck a lead dyck at anywhere from 700-3500 fps.
A blockchain currency can't be backed by gold or any physical commodity.
The backing is the time it takes to digitally mine and the security of the blockchain.
It's still fiat currency.
John, By no means am I an expert on blockchain or anything to do with Tech... but my understanding is blockchain is a fancy word for ledger. A ledger than records and displays every transaction ever made. So forgive me if I use the wrong techno babble.... Point being a system that uses a ledger based on computing power backed by gold. Seems it could be done? Again these things are like predictions, little upside for me and a ton of downside as in campfire fashion if I am wrong a dozen guys will jump my schit. I do appreciate the discussion though
The reason for the blockchain (ledger so to speak) is that it validates the coin as having been properly "mined". As in it's always traceable through all transactions back to the origin of the coin.
Think about that for a bit, always traceable back to the origin because every transaction is recorded in the blockchain.
Commodities backed money require a trusted organization always willing to redeem the money for the commodity.
If you tie it to gold you had better always have enough gold and that can limit the growth of an economy.
Much like Ukraine there are no simple anwers and pretty much everyone is playing an angle.
John Burns
I have all the sources. They can't stop the signal.