It's odd how the dollar can still keep its strength - probably because of its wide-spread use. Petrodollar was shaken countless times so far, the price of petrol also went down terribly, the US economy is taking a dive and now the give QE juice to the people... It's still holding on. Perhaps because it defies logic. The dollars are like cards in a card game: so long as everyone accepts the basic rules and so long as they are accepted in the game, the cards can travel all around from person to person. No-one doubts poker chips in a casino, right? So long as they're "good for the game" and they can be exchanged for "real greenies" at the end. Now I can see the similarity between the USD and Bitcoin. What will it take for the dollar to eventually PLAY BY THE RULES, devalue and collapse? We can look at charts with the dollar's velocity, inflation, debt, interest rates, QE, but regardless... the dollar somehow doesn't take account the rules and it's still going all around. The casino is bankrupt, the clients are drunk, the lights are off, but people are still at the tables collectin' the poker chips. What is this, the Twilight Zone?
Apart from the fact that they’re both a means to exchange value, they’re completely different. You’re appealing to the wrong set of rules. Monopoly fiat currencies have a certain role to play and they’re playing that role to a near degree of perfection.
The USD is a widely accepted means of exchange. And it's not devaluing at the rate it's being created without any base. In fact, the US is the main country in the world able to generate "economic activity" and thus able to maintain a huge military by creating its own currency. And it is working. Yes, it's been working for so many years. Generates debt swept somewhere under the rug. But it's working. This is amazing. While Bitcoin is very different, it too has no base, no backing, it's "toy money", which is accepted and being traded, has a certain value ONLY because it's accepted and being traded. So, indeed, a currency doesn't necessarily have to have backing (petrodollar, gold or an economy...), it's enough to be accepted by people, just like casino chips. ...or seashells... What I am saying is the TRUST and BELIEF, ACCEPTANCE as a means of exchange is far more important in determining value (thus, demand) than backing or "real value".
We are living in the second "Roaring Twenties". Mad irresponsible amoral pestilence. No, I'm not preaching, but the world has gone mad. Only read if you have the nerves to: Twerkin' amoral bitchez, the dumb uneducated iPhone generation, rappers swimming in banknotes, street whores become star singers, automobile overproduction, single-use products (laptops, phones, cars... nothing ever lasts, you have to buy a new one every 2-3 years), over-entertainment, party-party-party!!!, post-industrial pseudo-value creation, over-advertising, advertising-the-adverts, selling debt as if it were value, living on credit, debt over debt over debt, Cardi B, Justin Bieber, unwatchable movies filled with special effects, overbuilt touristy areas with countless luxury hotels, countless snacks and artificial-flavored drinks, unsustainable low cost airline models, airplane overproduction, cannibal tourism ruining local culture and way of life, shameless obscene "alphabet people" gay-propaganda parades, excessive materialism (everything is about the money), status-obsessed snobism, cynicism, lack of empathy, more ads on websites than content, advertisements created before and filler content added later (just for the sake of having "content" for the ads), wealthy men living like Dan Bilzerian, jacuzzis, cheap Chinese products, madness for the oil industry, cheap stylish sneakers in countless colors and excessive unnecessary ornaments, overpopulated big cities, McDonal's, KFC, Burger King, quantitative easing, too much sewage water pouring into the oceans and seas, gigantic cruise ships selling expensive cruise tickets, unnecessary double-decker aircraft (A380), artificial food additives, speculation, coffee table books about coffee tables that turn into coffee tables, pop-up ads, annoying YouTube ads, impossible to listen to digital music, lack of moral standards, consume-consume-consume, overflooding the internet with free porn, Bitcoin, Litecoin, countless "coins" with no backing and no real economic use, hip hop, solarium tan, flat screen TV's (single-use, of course, you'll have to buy a new one 3 years later)... It's not just money that's overvalued. But because of the overvalued money and the "living on credit" lifestyle, the products and services are too cheap. In the future flights and cars will be more expensive, people will buy less luxury travel services, luxury hotels will bring their prices down and cheap hotels will bring their prices up. Less people will buy "the lates iPhone" and companies like Apple will have to reinvent themselves to stay alive (if someone comes up with a super smartphone that lasts for 10 years and costs 2,000 $, then the single-use smartphone producers will "kick the bucket").
Physical price has risen +$10 premiums for most silver here in the states, more for poured and specialty bullion. Halfway to the $20 already.
I would hate to not have physical about now. Just the thought of acquiring it during supply disruptions is exhausting
silver clearly has not risen $10 over the last couple of days -- silver is shit and your deluded STUPID MERICAN!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Well you know what they say.....you can lead a horse to water! Where did this couple of days thing come from. I dont remember saying it rose in a couple of days. Maybe weeks, not days.
This is a full societal breakdown. Racial injustice may be today’s rage. But there’s plenty of other injustices for people to go mad over. By the dogdays of August, no doubt, when the weekly $600 unemployment checks program has expired, riots will come to a Target near you. After that, things will really get ugly. https://www.zerohedge.com/markets/full-societal-breakdown looks like the chaos had just started to spread everywhere ???
Your english seems to be pretty good at times. Do you have someone else post for you sometimes? I've noticed it before too.
Ill be here to not see that #stoopidMERICAN if you though that comment was bad you shouldnt look through my post history and what I really think of MERICANS!!!!!!
Generally it's much easier for native speaker of alphabet (or Cyrillic) based languages to pick up English, except for maybe the French.
What we mean is that if you go back to ~2011 posts his English is almost academic. Seems to vary now. Also a lot of pictures from the sketchiest corners of the net. Must have sold the account to a Chinese spy agency lol
CELEBRATING ADVERSITY Sadiq Khan sets up a commission for tearing down London’s statues as he attempts to drag the capital from 2020 to Year Zero The London Mayor is forming a new body to look over the capital’s landmarks to ensure they “reflect the city’s diversity,” in his latest attempt to pander to woke causes, following a weekend of violence in the city. [...] Further explaining his decision, Chairman Khan added: “Our capital’s diversity is our greatest strength, yet our statues, road names and public spaces reflect a bygone era. It’s an uncomfortable truth that our nation and city owes a large part of its wealth to its role in the slave trade.” [...] But, yes – “racist” statues are the real plague of the capital. Full article here: https://rt.com/op-ed/491335-sadiq-khan-london-statues-blm/ Let me guess the formula: white="racist" family="homophobe" Christian="racist" British/English="racist" European="white supremacist" anything organic/historical/local/normal/inoffensive="racist" Christmas="racist"
