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Author Topic:   Bit Coin: 2 bit bubble
anglagard
Member (Idle past 837 days)
Posts: 2339
From: Socorro, New Mexico USA
Joined: 03-18-2006


(1)
Message 50 of 178 (886782)
06-07-2021 11:30 AM
Reply to: Message 49 by Phat
06-06-2021 12:37 PM


Re: The Big Picture Needs Reviewing
Phat writes:
Anglagard and others suggest that we tax them more. But they can simply leave the tax base and live elsewhere. Then what do we have? Some all-inclusive nation of equals...all of us poor. This whole future seems like a no-win situation.
If a company is headquartered in the USA, they would be subject to a corporate tax. Any company headquartered outside the USA is subject to tariffs on any goods and services. What is not made in taxes can be more than compensated by tariffs.
Or we could just tax the poor and the middle class to make up for the lack of revenue from *daring* to tax the rich., as is done now, apparently with your full support.

The problem with knowing everything is learning nothing.

If you don't know what you're doing, find someone who does, and do what they do.

Republican = death


This message is a reply to:
 Message 49 by Phat, posted 06-06-2021 12:37 PM Phat has not replied

  
anglagard
Member (Idle past 837 days)
Posts: 2339
From: Socorro, New Mexico USA
Joined: 03-18-2006


(2)
Message 52 of 178 (886785)
06-07-2021 1:46 PM
Reply to: Message 49 by Phat
06-06-2021 12:37 PM


Usual Koch Propaganda
Phat writes:
I'll think about it. All I know is that money has to move. It has to circulate. I see the economy these days as akin to a giant game of musical chairs. As long as we spend...as long as the music plays...the money passes through many hands. When and if the music stops, people grab what they can and stash it. Only a few chairs are occupied. The rest of the money (and people) evaporates and falls through the cracks.
MV=PQ
M = money supply
V = velocity of money
P = inflation
Q = GDP
What is actually happening is V is suppressed relative to other economies. This is because of vastly greater income inequality relative to other nations. The rich hide their money in offshore accounts (or in plain sight) and use none of it to produce goods, sell services, or invest in infrastructure. What is the incentive? Mitt Romney pays 15% you pay over 30% because he makes it all in rents (property, money, etc.). Therefore V is suppressed, Q is suppressed, and everyone else (except the top 0.001%) is oppressed.
Rule of the people, by the people, for the people. Do you consider yourself a person? Or is only Jeff Bezos, Elon Musk, Bill Gates, Jeffery Epstein, human deserving of any rights?
My big fear is that the world does not care about the middle class in the United States. They are our competition. And they are hungrier than we are. So far, anyway.
Yeah, NZ, Uruguay, Canada, Iceland, Norway, Denmark, Sweden, Finland, and Germany have all decided to give everything to the wealthiest because Equatorial Guinea and Bangladesh have lower wages.
Nope, they ain't stupid, unlike too many in this country.

The problem with knowing everything is learning nothing.

If you don't know what you're doing, find someone who does, and do what they do.

Republican = death


This message is a reply to:
 Message 49 by Phat, posted 06-06-2021 12:37 PM Phat has not replied

  
anglagard
Member (Idle past 837 days)
Posts: 2339
From: Socorro, New Mexico USA
Joined: 03-18-2006


(1)
Message 156 of 178 (887625)
08-15-2021 6:39 PM
Reply to: Message 147 by Phat
08-12-2021 7:51 AM


Re: Todays Facts from Yahoo Finance
Phat writes:
I'm not at all surprised by these trends. The precious metals are forecast to rally by year-end and will explode if the stocks become spooked. The BitCoin crowd is more clueless and favors their crypto over precious metals but they too will learn a lesson in economics when that day comes.
I see $100.00 silver and $3000.00+ Gold.
Ringo does have a point in that when I see that level I should sell and take my profits rather than hang on and hope for $200.00 silver. The safety deposit box itself costs $50.00 a year!
But do you have enough silver to make a calf you can eat?

The problem with knowing everything is learning nothing.

If you don't know what you're doing, find someone who does, and do what they do.

Republican = death


This message is a reply to:
 Message 147 by Phat, posted 08-12-2021 7:51 AM Phat has seen this message but not replied

Replies to this message:
 Message 157 by jar, posted 08-15-2021 7:31 PM anglagard has not replied

  
anglagard
Member (Idle past 837 days)
Posts: 2339
From: Socorro, New Mexico USA
Joined: 03-18-2006


Message 162 of 178 (887637)
08-16-2021 11:03 AM
Reply to: Message 158 by Phat
08-16-2021 4:04 AM


in decling value.Re: Todays Facts from Yahoo Finance
Phat writes:
You are the one who doesn't get it. I've researched this subject extensively.
Why doesn't your research include the law of supply and demand? You are one gold rush or undiscovered mountain of argentite away from losing most of your fortune.
Like most capitalism, it's gambling.

The problem with knowing everything is learning nothing.

If you don't know what you're doing, find someone who does, and do what they do.

Republican = death


This message is a reply to:
 Message 158 by Phat, posted 08-16-2021 4:04 AM Phat has seen this message but not replied

  
anglagard
Member (Idle past 837 days)
Posts: 2339
From: Socorro, New Mexico USA
Joined: 03-18-2006


Message 164 of 178 (887639)
08-16-2021 11:46 AM


Two Foolproof Investments
Index Funds
A mutual fund tied to the S&P index, Unlike most mutual funds these require no management and therefore no overhead. $500,000 means at least $500 a month.
Earthship
For about $100,000 in materials you can build an earthship house. If you own around 1/4 acre and have unobstructed southward sun, an earthship willl provide 100% of heat, cooling, water and food. You only need enough money to pay the taxes and for entertainment.
At any rate, in the long term, both investments are far safer than metal or jewels

The problem with knowing everything is learning nothing.

If you don't know what you're doing, find someone who does, and do what they do.

Republican = death


  
anglagard
Member (Idle past 837 days)
Posts: 2339
From: Socorro, New Mexico USA
Joined: 03-18-2006


(1)
Message 178 of 178 (888120)
09-04-2021 7:19 PM
Reply to: Message 174 by Phat
09-04-2021 10:40 AM


Phat Get Healthy
Phat writes:
Duly Noted. Against the tug of my emotions and based on my (whats left of) my logic, I am suspending myself for a month in order to take care of my health. In addition, I am getting back in touch with my endocrinologist.
I may still be crazy when I get back, but it is my hope that we can at least rule out high blood sugar as the culprit.
I'm glad even you finally recognize something is wrorg.
Perhaps you can get in touch with Christianity and democracy. Give yourself a moth to accept what Jesus said, and learn more respect for rule of he people over the wishes of the wealthiest.
Good luck, one can only hope.

The problem with knowing everything is learning nothing.

If you don't know what you're doing, find someone who does, and do what they do.

Republican = death


This message is a reply to:
 Message 174 by Phat, posted 09-04-2021 10:40 AM Phat has seen this message but not replied

  
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