2020 Collapse

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

  1. lucky luke

    lucky luke Well-Known Member Silver Stacker

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    Very cavalier. ;)
     
  2. Michael Kay

    Michael Kay Active Member

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    "Since the 1990s, NATO has expanded and moved forces into former Soviet states. Moscow has consistently said the alliance’s eastward expansion is a threat and is part of the reason President Vladimir Putin elected to launch a “special military operation” in Ukraine."

    The Poles might disagree with that. They absolutely hate the Ruskis. Remember when they (along with Ukrainians) repelled the Soviets in 1920 and crippled the Red Army? The Russians are the threat, not the other way around. https://en.wikipedia.org/wiki/Battle_of_Warsaw_(1920)
     
    Last edited: Apr 12, 2022
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  3. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    Have a look at Argentina.... There used to be a saying "As Rich as an Argentine".... not often used anymore

    Not 100% inflation you mention, just a miserly 50% inflation average for 70 years.

    Bearing in mind that during the good times 1 Peso = $8.5 USD less than 100 years ago

    Without factoring in multiple new banknotes that took 0s of the banknotes every decade or so

    1000 Peso in 1980 corresponds to an amount of 1,115,734,413,197.29 Peso at the beginning of 2020 due to inflation

    In 1980 17.5 Peso = $1 USD
    In 2023 63,756,252 = $1 USD

    To be fair 1989 and 1990 had 2,305 and 3,000% inflation so looks worse

    Argentina people still live, granted lots of poor people but life goes on and Mad Max style anarchy have not sprung up
     
    Last edited: Apr 12, 2022
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  4. lucky luke

    lucky luke Well-Known Member Silver Stacker

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    hyperbole.
     
  5. TreasureHunter

    TreasureHunter Well-Known Member

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    What does that have to do with my post? :D

    Yes, you are saying interesting things and indeed, people still live, there is no Mad Max madness, but there is plenty of looking and they even kill people for a shoe or a wristwatch in many countries in Latin America.

    So - if you woke up on Day 2 after the massive stock exchange collapse, which also brought down crypto... would you buy crypto?

    (because I think in this situation it is crypto that MIGHT start increasing in value and fiat will keep going further down - for example, during the current crisis, people in Turkey bought Bitcoin and gold to preserve their wealth)
     
  6. TreasureHunter

    TreasureHunter Well-Known Member

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    Let us hope, let us hope it's just that. Za Ruskies are having major trouble in Ukraine and the couldn't handle attacking the west, they would be mad to do so. Their rusty columns of tanks are columns of junk. Good only for museums.

    Let us also hope that this ugly war ends as soon as possible (although it is currently escalating), but who knows... perhaps they make an agreement before the summer.
     
  7. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

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    o_O
    Having trouble ? o_O
    You tripping .
    Keep watching the media game .
     
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  8. Michael Kay

    Michael Kay Active Member

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    Go Wolverines!
     
  9. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

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  10. hardyakkagold

    hardyakkagold Well-Known Member Silver Stacker

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    Last edited: Apr 12, 2022
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  11. TreasureHunter

    TreasureHunter Well-Known Member

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    I liked the Trump parody by Alec Baldwin, that was really funny.
     
  12. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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  13. TreasureHunter

    TreasureHunter Well-Known Member

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  14. Michael Kay

    Michael Kay Active Member

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    the spruikers will spruik whatever they are pumping. Personally, I'd rather see Don Draper selling me something rather than a millennial in a hoody.
     
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  15. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

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    Seems like you really want some cryptos bad. Why dont you just buy some?
     
  16. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

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    A bit hard to wipe your ass with cripto
    Especialy when the lights go out
    :p
     
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  17. ParanoidAndroid

    ParanoidAndroid Well-Known Member

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    Not if you store it on paper wallets.
     
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  18. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

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    The paper maybe
    But how do you exchange the cripto once you've wiped your tuchas ?
    ;)
     
  19. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    I think Gold $3000 is closer than BTC at $100,000. Institutional money/demand is often misrepresented, as those institutions are not buying for themself but to on sell as retail investers.

    Also where is the need for spot btc etf, is it marketing "paper BTC". Lets face it BTC is easily accessible in fractions and storage is not an issue, so other than marketing why is there a need for spot btc etf. What benefit over just buying whole or fraction of btc in any of the brokerage in USA
     
  20. ParanoidAndroid

    ParanoidAndroid Well-Known Member

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    Use the other side
     

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