2020 Collapse

Discussion in 'Markets & Economies' started by TreasureHunter, Dec 8, 2019.

  1. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    So far, the only product that I've seen out of stock since the bat contagion started are face masks and that was in January 2020.

     
  2. TreasureHunter

    TreasureHunter Well-Known Member

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  3. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Crypto videos are becoming just like silver bug videos, a waste of time to watch, just wait for the big drop, 80% and then buy in. Remind me when it happens. :D
     
  4. TreasureHunter

    TreasureHunter Well-Known Member

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    The hardest thing is to pick the bottom or at least close to it.

    Crypto videos are even worse than permabull silver bug videos, they are kind-of like solo soap operas of "armchair experts". It's a bit like watching make-up videos. :D

    Regardless, this guy is one of the few who seems to understand a lot more and his explanations are very useful.

    I personally don't think that cryptos (as they are today) have a very bright long term future. If Bitcoin collapses to 20 k, then it will be terribly disappointing to many. Especially if it never reaches 50-60 k for several years.

    People seem to expect (and some are quite entitled to-) higher prices to arrive "just like that"... but it's actually the people that make things grow.

    Still, I think we will see higher crypto prices: now that major financial institutions, the super rich and people from Amazon, Apple are talking about it. Hmmm...
     
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  5. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    I don't think it will be bitcoin. Most of the dot com winners don't exist today. Amazon is one of the few. We'll have to see again.
     
  6. TreasureHunter

    TreasureHunter Well-Known Member

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    Of course. I strongly believe that the IMF or, a group of countries could launch a solid gold-backed crypto. It will be almost limited, because it will have to be backed by gold.

    And, this would be very good, because if it will be backed by gold, it will not sink below production price/intrinsic value. It will never go to zero.
     
  7. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    BTC is finite. Gold is not.

    And sovereign nations are not going to hand over the issuance of currency to the IMF or a cartel of nations for 2 reasons, it would mean these countries lose their independence (as per the Euro) and it would mean that their economies would collapse as a result of financial instability.

    The IMF is an irrelevance to advanced economies.
     
    Last edited: Nov 20, 2021
  8. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    Like most of what is published. You just have to be discerning. InvestAnswers, Coin Bureau and The Defiant are my picks.
     
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  9. TreasureHunter

    TreasureHunter Well-Known Member

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    A bunch of countries (EU, G20, G7, BRIC - lately not very relevant) could team up and agree upon a new gold-backed currency.

    If they'd back it with gold, it would be a real stable coin.
     
  10. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    Again, they did so they would lose their independence and threaten the financial stability of their economies.

    Advanced western nations are not going to do that.
     
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  11. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Whether, it is gold or silver backed don't matter as long as it can be used to buy stuff or exchanged for other currencies. That's why I think the Americans will still control cryptos and block chain currency because they control the payment providers, Paypal, Mastercard, Visa, Amex, among others.
     
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  12. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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  13. alor

    alor Well-Known Member Silver Stacker

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    wait till S550 is out
    Chinese newspaper: "S-550" system is capable of targeting a US military shuttle
    The Russian "S-550" air defense and missile defense system will achieve a new quantum leap in technology, which will allow Russia to advance over the American and Israeli missile defense systems.
    This was stated in an article published by the Chinese newspaper Sohu. The newspaper said that the "S-550" will become the world's first self-propelled air and space defense system.
    According to the information available to the newspaper, the new Russian system will be able to intercept various ballistic missiles, including ICBMs, outside the Earth's atmosphere. The system can target other space weapons such as the US military's multi-use X-37B space shuttle.
    This means that the technical and tactical specifications of the Russian system are superior to the Russian "S-400" and "S-500" systems and the American Aegis missile defense system equipped with SM-3Block llB missiles.
    The newspaper said that all missile shield systems used at the present time in the armies of the world are fixed and immobile systems. It can have a maximum operating range of 600 km and a maximum altitude of 200 km, as is the case in the Russian S-500 system. It seems that the "S-550" system will surpass these specifications and can move quickly from one place to another. This means, according to the newspaper, that Russia has made a huge qualitative leap in the development of missile shield technology and has advanced far over other countries.
    Source: Rossiyskaya Gazeta
     
  14. TreasureHunter

    TreasureHunter Well-Known Member

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  15. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    India is buying the S500.
     
  16. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

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    Him saying he "is vaccinated and sees the point" says it right there. No wonder hes still confused about what is going on haha.
    He even thinks a 14 day lockdown will beat a virus wow.
    I remember learning about viruses in grammar school so I'm always confused how an adult doesnt understand something as simple as natural immunity.
     
    Last edited: Nov 21, 2021
  17. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    China needs Australia many times more than Australia needs China.

    Unless China takes Siberia, then no need Australia. :D

    [​IMG]
     
    Last edited: Nov 25, 2021
  18. alor

    alor Well-Known Member Silver Stacker

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    the policy had been set without Australian supply...
    after a few years, we will get to see the outcome
     
  19. alor

    alor Well-Known Member Silver Stacker

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  20. TreasureHunter

    TreasureHunter Well-Known Member

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