|
Register | Sign In |
|
QuickSearch
EvC Forum active members: 65 (9162 total) |
| |
popoi | |
Total: 915,807 Year: 3,064/9,624 Month: 909/1,588 Week: 92/223 Day: 3/17 Hour: 1/0 |
Thread ▼ Details |
|
Thread Info
|
|
|
Author | Topic: Bit Coin: 2 bit bubble | |||||||||||||||||||||||||||||||||||||||||||
ringo Member (Idle past 411 days) Posts: 20940 From: frozen wasteland Joined:
|
Phat writes:
Put it in your own words. >Transcript"I've been to Moose Jaw, now I can die." -- John Wing
|
|||||||||||||||||||||||||||||||||||||||||||
ringo Member (Idle past 411 days) Posts: 20940 From: frozen wasteland Joined: |
Phat writes:
No. Why would I? I keep telling you I'm not a Marxist. You're more of a Marxist than I am.
The episode features Socialist Economist Richard D.Wolff. Have you ever heard of him, ringo? Phat writes:
Yeah, education is such a bad thing.
I dont know if I trust him yet. He is one of those educated elitist liberals. Phat writes:
I could care less if the US middle class suffers a little, if it makes the lower classes suffer a little less. Probably could care less if the US Middle Class suffers. And You still haven't told us what that @#$%ing link says."I've been to Moose Jaw, now I can die." -- John Wing
|
|||||||||||||||||||||||||||||||||||||||||||
ringo Member (Idle past 411 days) Posts: 20940 From: frozen wasteland Joined: |
Phat writes:
Yes, it goes all the way to religion.
The argument goes beyond politics. Phat writes:
You would believe that because of your religion, whether you had studied anything or not. After studying some of what the so-called experts are saying, I am convinced that the dollars days are numbered. Edited by ringo, : Punktuation."I've been to Moose Jaw, now I can die." -- John Wing
|
|||||||||||||||||||||||||||||||||||||||||||
ringo Member (Idle past 411 days) Posts: 20940 From: frozen wasteland Joined: |
Phat writes:
You have it backwards. Rationally, we don't expect radical changes - like the sun rising in the west - unless there are compelling reasons for that change.
I have yet to see any rational arguments that say that things will be the way they always were. Phat writes:
We're really not. You're the only one who is panicked about that. You might argue that economic downturns are cyclical, but we are talking about a large part of the wealth of the middle class in America being literally wiped out."I've been to Moose Jaw, now I can die." -- John Wing
|
|||||||||||||||||||||||||||||||||||||||||||
ringo Member (Idle past 411 days) Posts: 20940 From: frozen wasteland Joined:
|
Phat writes:
Of course I don't see it. It isn't there.
Are you saying that you don't see it? Phat writes:
Why should I care about something that isn't going to happen?
Or that you don't really care. Phat writes:
There are enough issues that we do need to care about. Climate change is probably the biggest. We don't need you diverting our attention with your self-serving non-issues.
My whining is directed at getting you to care...enough to help stop the implosion. Phat writes:
You might figure it out if you actually read what people are telling you. I cant figure out why none of you see the latest and greatest bubble. The US Dollar itself."I've been to Moose Jaw, now I can die." -- John Wing
|
|||||||||||||||||||||||||||||||||||||||||||
ringo Member (Idle past 411 days) Posts: 20940 From: frozen wasteland Joined:
|
Phat writes:
In case you didn't get the memo when Trump was President, American protectionism is paid for by Americans. Slap a tariff on Canadian steel? Americans pay more for American steel. You're not gaining anything. You're just re-distributing the wealth from consumers to steel workers. Seems to me that protectionism keeps the rest of the world from choking us out."I've been to Moose Jaw, now I can die." -- John Wing
|
|||||||||||||||||||||||||||||||||||||||||||
ringo Member (Idle past 411 days) Posts: 20940 From: frozen wasteland Joined:
|
Phat writes:
Y'know... I have a lot of "brilliant" thoughts in my head that turn out to be really, really thin when I try to post them here. A discussion that takes five minutes in my head barely makes two sentences in writing. Which is why a lot of what I have "figured out" in my head never sees the light of day. Putting it in writing makes a big difference (and may still be only half-baked.) One favor that I ask in this thread is if you can help me add a few MP3 audio clips so that I can advance my argument verbally rather than only in writing. Which is why I keep encouraging you to put your ideas in your own words - and in writing. Audio clips may still be unconsciously parroting what you have heard."I've been to Moose Jaw, now I can die." -- John Wing
|
|||||||||||||||||||||||||||||||||||||||||||
ringo Member (Idle past 411 days) Posts: 20940 From: frozen wasteland Joined:
|
Phat writes:
But the price of gold has nothing to do with its intrinsic value. The price is kept artificially high by the demand of those goobers who think it has some magical universal "value". In an apocalyptic world (which you predict), try eating gold. You might very well wind up trading a brick of gold for a can of sardines. Gold has intrinsic value. Edited by ringo, : No reason given."I've been to Moose Jaw, now I can die." -- John Wing
|
|||||||||||||||||||||||||||||||||||||||||||
ringo Member (Idle past 411 days) Posts: 20940 From: frozen wasteland Joined:
|
Phat writes:
Funny nobody else corrected what I said.
You don't understand basic finance at all.... Phat writes:
Germany, Italy, France, Russia, China, Switzerland all have large gold reserves. All to defend the US dollar?
Gold is kept artificially low rather than high. The reason is to defend the dollar. Phat writes:
You might want to look up the meaning of the word "intrinsic". The intrinsic value of a coin, for example is just the value of the gold in it - but its market value depends on its rarity and condition. If you doubt the manipulation.... Gold is like baseball cards. It's worth what people will pay for it.
Phat writes:
The same reason that people collect baseball cards. ... explain to me why the central banks own nearly half of the world's gold and expect to increase that number? Edited by ringo, : Fixed link."I've been to Moose Jaw, now I can die." -- John Wing
|
|||||||||||||||||||||||||||||||||||||||||||
ringo Member (Idle past 411 days) Posts: 20940 From: frozen wasteland Joined: |
Phat writes:
That's a good way to reinforce your confirmation bias. Try reading some stuff that disagrees with you. I will have to reread a lot of what I have listened to."I've been to Moose Jaw, now I can die." -- John Wing
|
|||||||||||||||||||||||||||||||||||||||||||
ringo Member (Idle past 411 days) Posts: 20940 From: frozen wasteland Joined: |
dwise1 writes:
The Royal Navy's anthem, Heart of Oak:
Still, it's good music.Heart of oak are our ships, heart of oak are our men; was rewritten by the American revolutionaries:
We always are ready, steady, boys, steady! We'll fight and we'll conquer again and again. In freedom we’re born and in freedom we’ll live. Our purses are ready. Steady, boys, steady. Not as slaves but as Freemen our money we’ll give. "I've been to Moose Jaw, now I can die." -- John Wing
|
|||||||||||||||||||||||||||||||||||||||||||
ringo Member (Idle past 411 days) Posts: 20940 From: frozen wasteland Joined:
|
Phat writes:
Surely you realize that it would be impossible to prove anything about all YouTube videos. Only the ones that you have presented have been criticized. Maybe you just have a talent for picking bad sources. And you are generalizing all youtube responses as exploitative without proof."I've been to Moose Jaw, now I can die." -- John Wing
|
|||||||||||||||||||||||||||||||||||||||||||
ringo Member (Idle past 411 days) Posts: 20940 From: frozen wasteland Joined: |
Phat writes:
Investing in a casino would be buying shares in the casino and collecting your profits in the form of dividends. Gambling is betting on the short-term rise and fall of the cards, the dice or the roulette wheel. I know the difference between gambling and investing. Investing in metals would be buying shares in the mining companies and collecting dividends based on their profits.
Phat writes:
And I would bet that, like most gamblers, you won't get out when you're ahead. If your silver goes up by 100% in the next five years, you'll hang onto it and hope it goes up another 100%. If I could be guilty of betting, I will admit that I am betting that precious metals will outperform the US Dollar over the next 5 years."I've been to Moose Jaw, now I can die." -- John Wing
|
|||||||||||||||||||||||||||||||||||||||||||
ringo Member (Idle past 411 days) Posts: 20940 From: frozen wasteland Joined:
|
Phat writes:
Maybe you should think that through in a positive light rather than a negative light. I consider the bottom line my ability to work - i.e. my ability to trade my skills for the necessities of life. (Maybe you've noticed that in hard times - e.g the Great Depression and even today - you'll see people with signs that read, "Will work for food.")
I have long suspected that the final currency will be concretely linked to humans and that we will be assigned a value in order to back this currency system. Phat writes:
Your fantasies are based more on right-wing politics than the Bible. The right-wing rich have a vested interest in keeping you poor.
Not sure exactly how this will play out, and I will admit to being influenced by Biblical dogmatic "fantasies" yet unproven. Phat writes:
Have you ever considered investing in bridges? They're made of metal. Again, the metals will always have value until the very "end" of this life on this planet...."I've been to Moose Jaw, now I can die." -- John Wing
|
|||||||||||||||||||||||||||||||||||||||||||
ringo Member (Idle past 411 days) Posts: 20940 From: frozen wasteland Joined: |
Phat writes:
I'm not, actually, so you can stop trying to duck the issue. Stop the pot-calling-the kettle-black approach and reply to what I said: Since you are generalizing....quote:Since you are (presumably) not one of them, you have no reason to defend them. "I've been to Moose Jaw, now I can die." -- John Wing
|
|
|
Do Nothing Button
Copyright 2001-2023 by EvC Forum, All Rights Reserved
Version 4.2
Innovative software from Qwixotic © 2024