Register | Sign In


Understanding through Discussion


EvC Forum active members: 65 (9162 total)
3 online now:
Newest Member: popoi
Post Volume: Total: 915,807 Year: 3,064/9,624 Month: 909/1,588 Week: 92/223 Day: 3/17 Hour: 1/0


Thread  Details

Email This Thread
Newer Topic | Older Topic
  
Author Topic:   Bit Coin: 2 bit bubble
ringo
Member (Idle past 411 days)
Posts: 20940
From: frozen wasteland
Joined: 03-23-2005


(1)
Message 51 of 178 (886784)
06-07-2021 12:32 PM
Reply to: Message 46 by Phat
06-05-2021 3:21 PM


Re: The Big Picture Needs Reviewing
Phat writes:
>Transcript
Put it in your own words.

"I've been to Moose Jaw, now I can die." -- John Wing

This message is a reply to:
 Message 46 by Phat, posted 06-05-2021 3:21 PM Phat has replied

Replies to this message:
 Message 53 by Phat, posted 06-07-2021 1:47 PM ringo has replied

  
ringo
Member (Idle past 411 days)
Posts: 20940
From: frozen wasteland
Joined: 03-23-2005


Message 57 of 178 (886801)
06-08-2021 12:15 PM
Reply to: Message 53 by Phat
06-07-2021 1:47 PM


Re: The Big Picture Needs Reviewing
Phat writes:
The episode features Socialist Economist Richard D.Wolff. Have you ever heard of him, ringo?
No. Why would I? I keep telling you I'm not a Marxist. You're more of a Marxist than I am.
Phat writes:
I dont know if I trust him yet. He is one of those educated elitist liberals.
Yeah, education is such a bad thing.
Phat writes:
Probably could care less if the US Middle Class suffers.
I could care less if the US middle class suffers a little, if it makes the lower classes suffer a little less.
And You still haven't told us what that @#$%ing link says.

"I've been to Moose Jaw, now I can die." -- John Wing

This message is a reply to:
 Message 53 by Phat, posted 06-07-2021 1:47 PM Phat has not replied

  
ringo
Member (Idle past 411 days)
Posts: 20940
From: frozen wasteland
Joined: 03-23-2005


Message 60 of 178 (886829)
06-11-2021 3:26 PM
Reply to: Message 59 by Phat
06-11-2021 3:18 PM


Re: The Big Picture Needs Reviewing
Phat writes:
The argument goes beyond politics.
Yes, it goes all the way to religion.
Phat writes:
After studying some of what the so-called experts are saying, I am convinced that the dollars days are numbered.
You would believe that because of your religion, whether you had studied anything or not.
Edited by ringo, : Punktuation.

"I've been to Moose Jaw, now I can die." -- John Wing

This message is a reply to:
 Message 59 by Phat, posted 06-11-2021 3:18 PM Phat has replied

Replies to this message:
 Message 61 by Phat, posted 06-11-2021 3:55 PM ringo has replied

  
ringo
Member (Idle past 411 days)
Posts: 20940
From: frozen wasteland
Joined: 03-23-2005


Message 63 of 178 (886843)
06-12-2021 12:19 PM
Reply to: Message 61 by Phat
06-11-2021 3:55 PM


Re: The Big Picture Needs Reviewing
Phat writes:
I have yet to see any rational arguments that say that things will be the way they always were.
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.
Phat writes:
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.
We're really not. You're the only one who is panicked about that.

"I've been to Moose Jaw, now I can die." -- John Wing

This message is a reply to:
 Message 61 by Phat, posted 06-11-2021 3:55 PM Phat has replied

Replies to this message:
 Message 64 by Phat, posted 06-12-2021 3:04 PM ringo has replied

  
ringo
Member (Idle past 411 days)
Posts: 20940
From: frozen wasteland
Joined: 03-23-2005


(1)
Message 66 of 178 (886880)
06-13-2021 3:22 PM
Reply to: Message 64 by Phat
06-12-2021 3:04 PM


Re: The Big Picture Needs Reviewing
Phat writes:
Are you saying that you don't see it?
Of course I don't see it. It isn't there.
Phat writes:
Or that you don't really care.
Why should I care about something that isn't going to happen?
Phat writes:
My whining is directed at getting you to care...enough to help stop the implosion.
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.
Phat writes:
I cant figure out why none of you see the latest and greatest bubble. The US Dollar itself.
You might figure it out if you actually read what people are telling you.

"I've been to Moose Jaw, now I can die." -- John Wing

This message is a reply to:
 Message 64 by Phat, posted 06-12-2021 3:04 PM Phat has seen this message but not replied

  
ringo
Member (Idle past 411 days)
Posts: 20940
From: frozen wasteland
Joined: 03-23-2005


(2)
Message 70 of 178 (887163)
07-16-2021 12:54 PM
Reply to: Message 69 by Phat
07-16-2021 1:05 AM


Re: El Salvador president Nayib Bukele makes Bitcoin legal tender.
Phat writes:
Seems to me that protectionism keeps the rest of the world from choking us out.
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.

"I've been to Moose Jaw, now I can die." -- John Wing

This message is a reply to:
 Message 69 by Phat, posted 07-16-2021 1:05 AM Phat has seen this message but not replied

  
ringo
Member (Idle past 411 days)
Posts: 20940
From: frozen wasteland
Joined: 03-23-2005


(1)
Message 72 of 178 (887171)
07-19-2021 12:47 PM
Reply to: Message 71 by Phat
07-19-2021 11:24 AM


Re: Shifty Schiff and the Financial Apologists
Phat writes:
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.
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.)
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

This message is a reply to:
 Message 71 by Phat, posted 07-19-2021 11:24 AM Phat has seen this message but not replied

  
ringo
Member (Idle past 411 days)
Posts: 20940
From: frozen wasteland
Joined: 03-23-2005


(1)
Message 78 of 178 (887203)
07-23-2021 12:12 PM
Reply to: Message 76 by Phat
07-22-2021 6:59 AM


Re: Shifty Schiff and the Financial Apologists
Phat writes:
Gold has intrinsic value.
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.
Edited by ringo, : No reason given.

"I've been to Moose Jaw, now I can die." -- John Wing

This message is a reply to:
 Message 76 by Phat, posted 07-22-2021 6:59 AM Phat has replied

Replies to this message:
 Message 79 by Tanypteryx, posted 07-23-2021 12:48 PM ringo has seen this message but not replied
 Message 81 by Phat, posted 07-25-2021 3:56 AM ringo has replied

  
ringo
Member (Idle past 411 days)
Posts: 20940
From: frozen wasteland
Joined: 03-23-2005


(1)
Message 83 of 178 (887214)
07-25-2021 3:24 PM
Reply to: Message 81 by Phat
07-25-2021 3:56 AM


Re: Shifty Schiff and the Financial Apologists
Phat writes:
You don't understand basic finance at all....
Funny nobody else corrected what I said.
Phat writes:
Gold is kept artificially low rather than high. The reason is to defend the dollar.
Germany, Italy, France, Russia, China, Switzerland all have large gold reserves. All to defend the US dollar?
Phat writes:
If you doubt the manipulation....
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.
Gold is like baseball cards. It's worth what people will pay for it.
Phat writes:
... explain to me why the central banks own nearly half of the world's gold and expect to increase that number?
The same reason that people collect baseball cards.
Edited by ringo, : Fixed link.

"I've been to Moose Jaw, now I can die." -- John Wing

This message is a reply to:
 Message 81 by Phat, posted 07-25-2021 3:56 AM Phat has not replied

  
ringo
Member (Idle past 411 days)
Posts: 20940
From: frozen wasteland
Joined: 03-23-2005


Message 89 of 178 (887259)
07-27-2021 8:50 PM
Reply to: Message 88 by Phat
07-27-2021 7:23 PM


Re: Making My Case
Phat writes:
I will have to reread a lot of what I have listened to.
That's a good way to reinforce your confirmation bias. Try reading some stuff that disagrees with you.

"I've been to Moose Jaw, now I can die." -- John Wing

This message is a reply to:
 Message 88 by Phat, posted 07-27-2021 7:23 PM Phat has not replied

  
ringo
Member (Idle past 411 days)
Posts: 20940
From: frozen wasteland
Joined: 03-23-2005


Message 114 of 178 (887440)
08-03-2021 12:57 PM
Reply to: Message 113 by dwise1
08-02-2021 2:47 PM


Re: Shifty Schiff and the Financial Apologists
dwise1 writes:
Still, it's good music.
The Royal Navy's anthem, Heart of Oak:
Heart of oak are our ships, heart of oak are our men;
We always are ready, steady, boys, steady!
We'll fight and we'll conquer again and again.
was rewritten by the American revolutionaries:
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

This message is a reply to:
 Message 113 by dwise1, posted 08-02-2021 2:47 PM dwise1 has not replied

  
ringo
Member (Idle past 411 days)
Posts: 20940
From: frozen wasteland
Joined: 03-23-2005


(1)
Message 123 of 178 (887489)
08-06-2021 11:48 AM
Reply to: Message 121 by Phat
08-05-2021 5:34 PM


Re: Shifty Schiff and the Financial Apologists
Phat writes:
And you are generalizing all youtube responses as exploitative without proof.
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.

"I've been to Moose Jaw, now I can die." -- John Wing

This message is a reply to:
 Message 121 by Phat, posted 08-05-2021 5:34 PM Phat has replied

Replies to this message:
 Message 129 by Phat, posted 08-07-2021 8:16 AM ringo has replied

  
ringo
Member (Idle past 411 days)
Posts: 20940
From: frozen wasteland
Joined: 03-23-2005


Message 135 of 178 (887508)
08-07-2021 11:53 AM
Reply to: Message 129 by Phat
08-07-2021 8:16 AM


Re: Challenging Sources Of Information
Phat writes:
I know the difference between gambling and investing.
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.
Investing in metals would be buying shares in the mining companies and collecting dividends based on their profits.
Phat writes:
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.
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%.

"I've been to Moose Jaw, now I can die." -- John Wing

This message is a reply to:
 Message 129 by Phat, posted 08-07-2021 8:16 AM Phat has seen this message but not replied

  
ringo
Member (Idle past 411 days)
Posts: 20940
From: frozen wasteland
Joined: 03-23-2005


(1)
Message 136 of 178 (887509)
08-07-2021 12:05 PM
Reply to: Message 131 by Phat
08-07-2021 8:31 AM


Re: Can We Have A Fact Based Discussion?
Phat writes:
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.
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.")
Phat writes:
Not sure exactly how this will play out, and I will admit to being influenced by Biblical dogmatic "fantasies" yet unproven.
Your fantasies are based more on right-wing politics than the Bible. The right-wing rich have a vested interest in keeping you poor.
Phat writes:
Again, the metals will always have value until the very "end" of this life on this planet....
Have you ever considered investing in bridges? They're made of metal.

"I've been to Moose Jaw, now I can die." -- John Wing

This message is a reply to:
 Message 131 by Phat, posted 08-07-2021 8:31 AM Phat has replied

Replies to this message:
 Message 137 by Phat, posted 08-07-2021 2:07 PM ringo has seen this message but not replied
 Message 138 by Phat, posted 08-09-2021 4:29 PM ringo has replied

  
ringo
Member (Idle past 411 days)
Posts: 20940
From: frozen wasteland
Joined: 03-23-2005


Message 142 of 178 (887566)
08-10-2021 11:46 AM
Reply to: Message 138 by Phat
08-09-2021 4:29 PM


Re: Can We Have A Fact Based Discussion?
Phat writes:
Since you are generalizing....
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:
quote:
The right-wing rich have a vested interest in keeping you poor.
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

This message is a reply to:
 Message 138 by Phat, posted 08-09-2021 4:29 PM Phat has replied

Replies to this message:
 Message 143 by dwise1, posted 08-10-2021 1:11 PM ringo has seen this message but not replied
 Message 144 by Phat, posted 08-12-2021 7:17 AM ringo has replied

  
Newer Topic | Older Topic
Jump to:


Copyright 2001-2023 by EvC Forum, All Rights Reserved

™ Version 4.2
Innovative software from Qwixotic © 2024