Continuation from Segment 1 – Bitcoin vs. Gold
Please listen to Segment 1 on this weekend show (click here) before listening to this interview.
Dan Oliver compares the benefits of gold and Bitcoin in terms of security, investment, and overall roll in the financial system.
Click download link to listen on this device: Download Show
Libya wanted to set up it’s own central bank and go with a partial preci
ous metal backed currency. Bombs away!
Jason, I remember seeing articles and vidoe documentaries mentioning it was the monetary policies, gold hordes, and aspirations of Gaddafi for a new currency is what prompted the intervention. I’m not sure how to gauge how much authenticity there is to those claims but it is something to ponder.
Here’s an example of the articles that were circulating:
Hillary Emails Reveal True Motive for Libya Intervention
By Brad Hoff | Jan 6, 2016
“Newly disclosed emails show that Libya’s plan to create a gold-backed currency to compete with the euro and dollar was a motive for NATO’s intervention.”
Gadhafi’s Gold-money Plan Would Have Devastated Dollar
Written by Alex Newman – Friday, 11 November 2011
“It remains unclear exactly why or how the Gadhafi regime went from “a model” and an “important ally” to the next target for regime change in a period of just a few years. But after claims of “genocide” as the justification for NATO intervention were disputed by experts, several other theories have been floated.”
The claims are certainly plausible, at least, which is more than can be said for the official narrative.
This is a remarkable tale told by a couple that did business in Libya:
“We were doing business in Libya since 2007 January.
…
The Libyan people were not in any way extremists Muslims. Ghadafi banned the Ayatolla Komeni’s statements talking about killing infidels. For this there was a fatwa or death order put on Ghadafi for over 20 years by the radical extremists Muslims. All religions with a book were allowed in Libya.
Women were emancipated in the 1970’s by Ghadafi. No special clothing were required and all women were highly educated if they choose to be. They were doctors, lawyers, ministers, business owners, or just housewives, whatever they decided. Libya used only about ½ of all the oil revenue that it took in and they shared this revenue with their 5.5 million population. All medical care was free. If you could not get the care you needed in Libya then you could travel wherever you needed with a family member and all costs and expenses were fully paid.
Education was free and if you wanted to go abroad to another University that was paid in full with a stipend. When a Libyan couple got married they received a $46,000 gift from the government to start their lives. Their first home, a 2500 sq foot condominium cost 10% of their salary for 20 years and then it was theirs. Gasoline was 44 cents a gallon; all utilities were free. If you were hungry and had no money, they had huge stores of food where you could get rice, milk, cheese, flour and money to buy meat. The average salary in Libya was the highest in Africa, higher than China or India at $15,800 a year. If you had a college education and could not find a job, you received that money until you found a job.
The Libyan people were happy; there was no tax, only businesses had some tax but it was minimal. The government shared the wealth of Libya with its people, there was no taxing of the people to support the state. There was no reason for a revolution, there were some disgruntled radical Islamists who had tried to enforce Sharia law and radical Islam upon Libya to no avail because they only made up about 3 to 5%. These are the people NATO and the US joined hands with to take over Libya.”
https://www.henrymakow.com/2013/07/Libya-Destroyed-to-Stop-the-Dinar.html
The authors give three reasons for the invasion, and say the proposed gold Dinar was the most important reason.
I also suspect a fourth reason: the necessity to destroy the example Gadhaffi was giving of how things COULD be, before it caught on.
And then there’s the French connection, according to a report by the UK Parliament:
“The real motivation for the war? The Parliamentary report explains:
A further insight into French motivations was provided in a freedom of information disclosure by the United States State Department in December 2015. On 2 April 2011, Sidney Blumenthal, adviser and unofficial intelligence analyst to the then United States Secretary of State Hillary Clinton, reported this conversation with French intelligence officers to the Secretary of State:
According to these individuals Sarkozy’s plans are driven by the following issues:
A desire to gain a greater share of Libya oil production,
Increase French influence in North Africa,
Improve his internal political situation in France,
Provide the French military with an opportunity to reassert its position in the world,
Address the concern of his advisors over Qaddafi’s long term plans to supplant France as the dominant power in Francophone Africa.
The sum of four of the five factors identified by Sidney Blumenthal equated to the French national interest. The fifth factor was President Sarkozy’s political self-interest.”
Last one.
British MPs Blame David Cameron for the Destruction of Libya
by John Wight
“The decision of a British parliamentary foreign affairs committee to apportion responsibility for the destruction or Libya and its transformation from a functioning into a failed state to former British prime minister David Cameron further confirms the verdict reached by Irish revolutionary leader James Connolly over a century ago when it comes to the British ruling class. “Their crimes,” Connolly said, “would shame all the devils in hell.” “
Keep laughing. I’m reloading…my Bitcoin and Ether positions. Netted 17% on BTC this week and netted 4% on ETH. Still riding a Litecoin position.
We all did Jason,just some of us know better than to brag about it.
Master the Market with Confidence,Discipline and a Winning Attitude.
“Trading in the Zone” Mark Douglas
New York Institute of Finance
Bitcoin and its clones will ultimately fail and be condemned for not being real wealth , being an instrument of satanic oppression and being vulnerable to power grid failure, hacking, government and corporate interference and EMP.
Naturally some will think I am full of crap but the future will prove me correct and those who disagree will have to find out the hard way. Experience is always a cruel teacher.
The only valid money/ currency that stands the test of time is gold and silver coin and or bullion that really is the weight and purity stamped on it.
Everything else is inferior.
Mr. Rowlandson, Bitcoin has first mover advantage, but it is a new disruptive technology. It will probably be replaced by a cheaper, faster version. But make no mistake, the block chain technology is here to stay as a generational change for the better. Dinosaurs ruled the world for an era, as has fiat money, but that era is passing.
Stephen:
If the power grid goes down you have bigger problems than Bitcoin.
One of the only things constant in life is change.
Some people will change and some people will not.
Gold and Silver have come to represent nothing more than the Bullion holders will over those who don’t have any.
A commodity based currency makes more sense than what we have now.
Gold is freedom.Have enough Gold and you will be free.
Guess what? You will never have enough Gold.
Just for you Steven
Bitcoin $5760.71
Ethereum $342.93
Ripple $.2588
Bitcoin Cash $319.31
JohnK:
You left out tulip bulbs and Beanie Babies.
We need to compare those prices as well since they have the same exact intrinsic value as Bitcoin and the other 1000 variations.
This guy is incapable of getting simple concepts, Robert. Fuhgeddaboudit.
Mathew:
Somebody is buying Bitcoin. I’d be willing to bet that she knows more about Bitcoin than Impact Silver.
That is correct and just more evidence that you don’t have a clue how markets work. You have a mania on your hands and those always end badly.
Mathew:
There’s no telling how high it will go does not work on my adding machine.Nor does ends badly. NRTS 9 my friend.That is for my Air Force Buddies.
As expected, more idiocy.
Mathew:
Since you are all knowing concerning things all knowing,lets have some hard numbers.You have gotten away with this is going to end badly for to long.
Of course the only thing you have is just that.
If you’d pay attention and not be such a defensive a-hole, you’d know that I have nothing against speculations like BC and that I already said there’s no telling how high it will go. That’s the nature of any mania/bubble/blowoff!!!
Seems that everywhere I end up on the Internet these days I find Mr. Moriarty.
I wonder if Mr Moriarty is getting tired yet doing interviews where the first thing they ask him is about Bitcoin?
I quote “Anyone who lies about there being “naked short selling” in commodities is 100% fraud. There is no such thing and they know it.
“Nobody knows anything” a catchy quote by William Goldman,a 2003 hollywood release of the movie starring Mike Meyers, and the Title of your book (which I purchased and read).
JohnK knows this. There may be no naked shorting on the Comex but that doesn’t mean there are no commodity derivative swaps hidden off-exchange,and off balance sheets.
This was guaranteed on December 21,2000 by then President Bill Clinton signing into law the Commodities Futures Modernization Act repealing prohibitions on certain kinds of swaps.
Let us revisit the 2008 implosion of Bear Stearns. No naked short selling say you? How about an insolvent speculator with a massive short position that ends up going bankrupt? What happens then?
We all know what happens,and this shoots your “for every buyer,there is a seller pablum” all to crap.Jamie Dimon and JPM became the eventual recipient of the Bear Stearns short position for pennies on the dollar.The Comex raised margin requirements three times in one week,The CFTC started enforcing position limits and of course JPM was grandfathered in with their newly acquired short position.
The 2008 housing crash started as a liquidity squeeze in the Silver Futures but no one will ever tell you that.
I wonder if Mr Moriarty thinks that if he hears himself professing the eventual crash of Bitcoin enough, this will ensure the manifest destiny of the crypto’s?
I’m actually starting to feel sadness now that I’ve had to debate these lost dinosaurs whom I respect but fail to acknowledge that they have lost touch with the upcoming new generation.
When will these lost dinosaurs acknowledge that the millennials are not as uninformed as we are led to believe?
Yes the millennials are starting to understand the tyranny of the Central banks, with their predatory lending practices and how they have forgotten the lessons of the Old Testament concerning the lending of money?
So now I hear Mr Moriarty once again preaching the gospel to Maurice Jackson of Proven and Probable.After listening to this interview there is little wonder why most people conducting interviews are nothing more than sheep waiting to be sheared.
Once again Mr Moriarty states that Bitcoin is a pseudo currency. Saying Bitcoin has no value is like the Postmaster saying that E-mail is a scam because there are no stamps. Mr Jackson poses the question to you whether speculators should buy sell or hold Bitcoin?In typical fashion you did not answer the question but rather say you need to be asking the right question. Instead of answering the question,you pose another question. What and who does this remind us of?
At that point Mr Jackson should have felt the shears,but of course,Mr Jackson reveals to us his inability to hold you on point and let you ramble off in any direction you desire.
At least when you did the interview with the Wealth Research Group ,the commentator responded with quotes like” The internet is in the third wave”and” Bitcoin is the tip of the revolution.”The interviewer started as a speculator and now is a believer. Of course you countered with “There is no way Governments are going to let people have autonomous transactions.No the day is coming where the “Government” will be forced to admit that they don’t need the Central Bank, ie “The Fed”, rather the Fed needs the Government. You go on to argue that a sound money system based on Gold Bullion is the answer. This would be great,but guess what ? We already know who has all the Bullion .They put us over 20 Trillion in debt. Just in the U.S.Why would we entrust these Money Changers with the future of our Grandchildren? Maybe you,not me.
The peanut gallery is serving lunch today,I believe the menu says”humble Pie”
Why buy bitcoin when we can buy NSRPF to take us to the Emerald City?
Bonzo:
Because no one is going to be selling you their options on Bitcoin.Oh snap, there are no options on Bitcoin. Imagine that.
Oh snap? What are you, a valley girl?
John “this time is different” K:
Mathew:
Somebody is buying Bitcoin. I’d be willing to bet that she knows more about Bitcoin than Impact Silver.
You can’t hack physical precious metal, you can’t destroy them with an electro magnetic pulse, and when the crash comes physical precious metal will be used as the only real currency left. This digital World we have created is nothing but zero’s. Crypto currencies will be squashed like cockroaches by The Banks. They will never be accepted by The Banking cabal unless they have control. However; If there is a nuclear war precious metal, and cockroaches will survive. They are just that enduring; our species will not it is just too self destructive.
The Psychology of Gold and Why It Has That Allure
By Puja Bhattacharjee, – animation by Tim Booth,
Fri October 13, 2017
http://www.cnn.com/2017/10/13/health/colorscope-gold-allure/index.html
Ross Beaty – Video Interview (this was a pretty good overall interview w/ Ross)
The Hard Assets Alliance
“You can’t print it, you can’t burn it, it is beautiful, it’s magic” {Gold}
“Serially successful mine finder, geologist, and precious metals entrepreneur Ross Beaty talks about what brought him into the mining business, why gold and silver have timeless value (unlike other currency types), and how to determine if the gold price is going to go up.”
Thanks, Excelsior.
After hearing Ross Beaty I’m glad I own PAAS.
Compared to some of the other CEOs and gurus I find Ross to be much less full of his accomplishments and more down to Earth and grounded in really caring about making a difference in his companies, with his employees, and is a good example of someone that has been serially successful following his bliss.
I saw a few interviews with Ross where he admitted to being less plugged in with PAAS now to focus on some of the smaller Gold projects like Anfield & Lumina Gold and on (AXY) Alterra Power. He has a nice stake in Orca Gold also.
The “fatal flaw” of bitcoin is not its volatility, but that it has no intrinsic value. You can’t do anything with a bitcoin. You can’t feel it, you can’t make jewelry with it, you can’t see it! It has zero value outside its transaction value.
R.O. cmc, that means right on.
cmc:
That’s like the Postmaster saying e-mail is a scam because there are no stamps.
It’s not scam. It’s just no enduring substitute for gold.
cmc”
Keep believing what you will.I’m not here to change your mind.
For the record I also own Gold. Get it?
Just remember the insecticide tank comes after the shearing.If you don’t know what I’m talking about,google sheep farming.
For the record, I own bitcoin and see it as another speculative venture I’m making increasing my wealth with. Keep talking it up! Fine by me.
You will find out the true meaning of being fleeced when you try to cash out after it starts to correct. “Here Dear Sir are the forms we would like you to fill out, please fill them out correctly and we will get back to you when we can.”
At least during The Great Depression you could stand in a line outside your Bank and complain when you got to the teller and your money was gone, now you will be staring at a blank screen. One good thing is your blank screen was paid for with Bitcoin. LOL! DET
More good news from Dick Tracy.
Like I said D.T Not Yet.
Land is still the best store of value.Why do you think E Sprott is buying farm land?
I know,diversification.
Cattle are a pretty good investment as you can always eat them.
Kinda hard to travel with 50 head back home though.
cmc:
Nice try.
We know who owns the Cryptos here.
https://pbs.twimg.com/media/DHyXMiUXcAERjlZ.jpg
More good news from Dick Tracy.
Now get out your rug and bow to ALLAH.
Better yet start memorizing the Communist Manifesto.
The real currency in the event of such a calamity as you continue to espouse will be :
1 Water
2. Food
3. Heat.
If and when things come to this point,your faith will be more important than anything else.
Those with faith will refuse to live a life of fear.
When you can’t change the direction of the wind,just adjust your sail.
JohnK, you are such a fool! DT
Thanks D.T
Crypto currencies are fools gold. DT
D.T:
My favorite movie is a Paul Newman flick(Sorry Big Al) “No Body’s Fool”
The fool is some one who can never admit he is wrong. I can admit when I am wrong and when that time comes I will.
It’s just not that time.
You’re right about one thing, not yet, but then you can change your mind and admit that they made a fool of you. DT
D.T :
I’m nobody’s fool.
I’m diversified enough to guaranty that.
1 Land
2 Gold
3 Stocks
4 Cash
5 Bitcoin.
On your list land is only a good investment if it was bought and paid for a long time ago, stocks and The American dollar are very dubious, but number 5 is a whitewash. That really only leaves number 2 as a safe haven. DT
D.T :
Land is never a bad investment,especially if it is tax free.It’s even better if it’s free.
Just ask the people who homesteaded the Mat Valley in Alaska.
Or better yet go to Newhalen Alaska,30 miles from the Pebble mine and homestead 5 acres.
I wrote the ordinance.Thank-you very much.
Try this D.T. It might help.
https://www.youtube.com/watch?v=YL2qZlOxZ9E
Bitcoin has no merits and that is what we are discussing, you know it, I know it, but you are in denial. We both know it is headed for the slaughterhouse, and it will leave all those who have invested in it sitting on the side watching their money disappear, and that’s called being duped, JohnK.
If you are duped, you are a fool.
D.T
I think the queen is calling.
http://s2.quickmeme.com/img/25/253c1c310f3cea2bb5d8eb757ff793ec406310a5a1273aa5ef6a666c8321a9f7.jpg
Not only a fool, but a silly one at that!
D.T
Thanks for the second time.
Bitcoin Makes New Highs, Beware Crypto Scams
by @Goldfinger on October 13, 2017
https://ceo.ca/@goldfinger/bitcoin-makes-new-highs-beware-crypto-scams
Really Shad:
A repost? Cmon man your better than that.
Haha! Guilty as charged. It is a repost since it dealt with leaders of the pack Bitcoin, Ethereum, LiteCoin, and warned about some of the new MLM coins that are more like ponzi schemes in comparison.
Keep in mind JohnK that most of the KER readers only tune in the Weekend Shows, and they may have missed it.
* Here a fresh post just for you JohnK 🙂
Logical or Not, Bitcoin’s Coming Fork Is Boosting Its Price
Oct 14, 2017 UTC by Bailey Reutzel
“Bitcoin may be trading at an all-time high, but the reasons why have experts wondering.”
“Despite increased dialogue about the cryptocurrency’s potential, and growing acknowledgment from the mainstream, there are some who believe now isn’t the best time to buy the notoriously volatile asset. After all, in just weeks, bitcoin is likely to see not just a contentious split of its blockchain, but an adversarial one.”
“Looking for context on what could happen if bitcoin splits and one version tries to destroy the value of the other? As developers freely admit, you’re unlikely to find it – it’s a first.”
“Bitcoin traders are some of the most irrational investors you’ll come across,” OpenBazaar developer Chris Pacia said in a Facebook post addressing the issue.
“The brutal sentiment points to what has been the uptick in buying that appears to be taking place not just despite – but because of – the coming fork, now slated for November. In contrast to zealous investors, developers like Pacia are finding it hard to believe anyone would put big money into a protocol about to undergo a process even they’re just beginning to understand.”
“Yet it seems, investors believe the momentum is warranted given the results of the last hard fork in August, which split the network in two, but did so in a way that fairly safely created a new asset called bitcoin cash.”
“Distributed to all bitcoin owners at the time of the fork, investors were suddenly given an equal amount of valuable cryptocurrency (bitcoin cash has held relatively steady around $300 per coin, but has traded for as much as $1,000). Far from a risky proposition, investors see that extra value as just created out of thin air and delivered to existing investors for free.”
“But while developers are aware the mechanisms and politics of the coming fork are different, investors seem to be planning for the same results.”
“Harry Yeh, managing partner at cryptocurrency investment firm Binary Financial, told CoinDesk:”
“Investors are just looking at it like, ‘I’m going to get more tokens right now.’ It’s just that simple.”
“And these investors aren’t new to cryptocurrency (or to trading in general), they’re well-established investors.”
“Ronnie Moas, the founder of Wall Street firm Standpoint Research, for example, echoed Yeh’s belief, saying, “I don’t see [investing in bitcoin as Segwit2x closes in] as risky – especially if you hold onto the spin-off [coins].”
Not the same
“Is this merely a case of aggressive trading, or is it wishful thinking? Some would argue, that on this issue, the traditional finance guys are getting in over their heads.”
“For one, the bitcoin cash hard fork and the Segwit2x hard fork will be different in that the former’s supporters were defined by their interest in creating a competing (and now seemingly complementary) cryptocurrency. With Segwit2x, the motivations aren’t exactly that.”
“Still, traders counter, cryptocurrency just doesn’t function like more established markets, meaning that in the high-risk world of experimental assets, more risk is still just risk.”
“Historically, one would assume that if you have one token and it splits into two, your mindset would be that both tokens would be worthless,” Yeh said. “But, traditional rules of economics and finance don’t really apply in the cryptocurrency world.”
“Yeh points to last summer’s ethereum hard fork, which led to a split and the creation of two competing assets as yet another sign forks have historically resulted in value creation.”
“While the price of ethereum and ethereum classic (the new coin) dropped initially after the split, ethereum’s market value recovered quite nicely, currently hovering around $32 billion, while ethereum classic continues to hold value at just over $1 billion.”
“History has shown that, any time there’s been a hard fork, that people get more tokens – and those tokens become tradeable somewhere,” Yeh said.
“As a consequence, retail investors are betting that if they buy more bitcoin, another fork will drive prices higher, and that this will result in them holding a more diversified portfolio.”
More about bitcoin
“However, some investors say the rally could be less about diversification and more about going all in on bitcoin with the expectation of even more long-term gain.”
“According to Arthur Hayes, a former Citigroup trader who now heads a cryptocurrency derivatives exchange, confidence is high that the existence of additional versions of the bitcoin protocol won’t affect this long-term future. Further, with bitcoin holding steady, even though three of the world’s largest exchanges in China closed down, there’s confidence that nothing can quite derail its current trajectory.”
“As a result, investors aren’t really worried about Segwit2x.”
“Yeh agreed with the bullish outlook on bitcoin broadly, saying he expects a run-up both before and after the hard fork.”
“He argued that ideological belief in bitcoin – even at its most uncertain, even at its lowest – is what will continue to push the price higher and new investors into the market.”
“Summing up that investor optimism, James Altucher, a former hedge fund manager, popular business blogger and bitcoin bull, told CoinDesk:”
“When people say that bitcoin is like a penny stock, it’s like a scam internet stock, no. Bitcoin actually has huge amounts of software and science behind it to make it the best store of value in the world.”
Ash Bennington contributed reporting.
Your still my guy Shad.
I say take the warning labels off everything and let Mother Nature Decide.
I see nothing wrong with throwing a little cash at the cryptos.
Four years ago I did. Oh ya, I’m the fool.
Thanks JohnK. I also see nothing wrong or right about throwing a little cash at the cryptos as it is a speculative investment just like stocks, currencies, or real estate. No judgment from my end.
To be clear, I just post articles that raise interesting points or perspectives to consider, but that doesn’t necessarily mean I agree with every aspect mentioned in them. It is healthy to get a range of perspectives and I’ve never called anyone a fool for investing in Bitcoin or Litecoin or Ether, but some of the other fringe coins (like Paris Hiltons crypto or Titcoin or the new MLM coins etc…) are a bit silly to me.
I created a page on Steemit as per the advice of my buddy @Jayfire (Fi Fighter) so that if I blog I can get paid in the crypto “Steem”, which can then be converted into Bitcoin and then into other currencies from there.
Honestly, I haven’t taken a strong stand for or against crypto currencies, as there are aspects of it that I like better than regular fiat currencies, and aspects I like better about Gold/Silver/Hard assets.
I find it very interesting how popular cryptos are with younger investors like the Millenials and younger Generation Xers, which is unusual in currency investing or PM investing. That’s a big plus. Also, in Asia and Europe and even Africa Cryptos are gaining popularity as a way to store value outside of their native currencies.
There are potential challenges though in legal terms, banking regulation, and power disruptions that are worth thinking about, so I don’t agree with taking the warning labels off everything if one is trying to be objective. The best thing to do with all investments is SWOT analysis. (Strengths, Weaknesses, Opportunities, Threats)
As for blockchain, that is something entirely different and is a disruptive platform that many new technology based apps or businesses can utilize and it is for that reason that the concept of what Ethereum did or what HIVE, Glance Technologies, or 360Blockchain plans to do has promise for slightly different reasons.
As you know Blockchain is different than Cryptocurrencies (even though Cryptos may utilize blockchain technology) and I’m more bullish on the overall future of blockchain platforms than any one particular crypto currency, but that is a generalist comment. One eventually has to pick companies operating within or developing blockchain technology and take a speculative punt if they want to make any returns.
Anywhoo, I’m still trying to learn a little bit more every day, but thus far haven’t taken a big position on either the crypto currencies or any major blockchain companies. I’m not for or against others doing so though, and I wish you all the success in the world amigo.
Good Post Shad:
I truthfully don’t fully understand how the cryptos work either. But as time goes on I’m learning more. My kids think I’m pretty COOL as I owned Bitcoin before they had even heard about it.
My investing past is littered with bad investments,that doesn’t keep me from trying.
As corrupt as things are.I realized early on the only way to acquire real wealth other than stealing it ,or contracting with the Government was to learn the markets.
Good thing Bitcoin is going up as I am really a lousy trader.Thanks to you and others I am getting better.In the mean time it’s another Saturday with Stockcharts.com and next weeks 10 bagger.Cheers.
Decentralizing Everything with Ethereum’s Vitalik Buterin
Disrupt SF 2017 – “AngelList’s Naval Ravikant brings Ethereum’s Vitalik Buterin onstage to explain what it is and why it’s useful.”
Copper Breaks Out, Ethereum Poised
by @Goldfinger on October 16, 2017
https://ceo.ca/@goldfinger/copper-breaks-out-ethereum-poised
Here’s another new Blockchain company expanding its reach to Australia:
Global Blockchain Technologies Corp. Announces Commencement of Australian Listing
by @newsfile on October 15, 2017
https://ceo.ca/@newsfile/global-blockchain-technologies-corp-announcescommencement
JPMorgan launches payments network using blockchain technology
Reuters Staff – October16, 2017
This market is hot for block chain technology it really has caught fire. I have invested in one particular company but when the crypto currencies start to correct I will be out “toute de suite”, for those that don’t know what that is it means immediately. Then I will buy back in at much lower levels, most small investors that are driving these plays don’t understand the difference and they are vulnerable to the sharks. DT
When did you change your mind………..
I have never changed my mind just show me a post where I have, I hope you haven’t been stupid enough to invest in crypto currencies. Maybe the problem with you is you don’t realize the difference between crypto currencies and block chain technology. DT
Don’t get rude…..Dick…….
Jerry :
I hereby relinquish the astute honor you gave me as being 2nd in line next to CFS, as the KE resident Crypto Guru to Dick Tracy. I still don’t totally understand the difference between crypto currencies and the Blockchain.
Take it away D.T. I’m out.
As if you haven’t been rude with me in the past, you and Irish Tony! What goes around comes around but I rarely start it. DT
Dick, You are to funny………I am not sure , I have ever been rude to you…..
If, you read the above , you clearly were rude first……….or you misread my question.
Jerry, I can’t help your recent memory, but at the time I think you felt you were being funny. But you were very rude. People who live that way shouldn’t expect to be treated any differently. DT
but at the time I think you felt you were being funny……DT….says
Sorry, Dick, ……..You can be as rude as you like……. 🙂
Crypto Guru to Dick Tracy.Take it away D.T. I’m out…….Says JOHN…….
Weekly silver chart trying to confirm breakout:
http://stockcharts.com/h-sc/ui?s=%24SILVER&p=W&yr=10&mn=0&dy=0&id=p89005050145&a=521689648
Just wait till silver breaks out above 50; then hang on to your hats!
GH – Good chart. Looks like Silver is poised to make a move.
Bagged 3 to 17% net over the weekend on crypto.
Really Jason.
Where’s your proof?
I’m calling you out.
People invest in crypto currencies because they want something for nothing and in this case it is something for nothing from nothing. How do people think that roads, schools, national defense, hospitals, and a myriad of other essential services will be built and maintained if The Government and The Banks don’t control the money supply. If our banking institutions aren’t in control of crypto currencies they will simply legislate their demise. DT
D.T
Did you know the farther you get from the Canadian/American Border the more friendlier the Canadians are to Americans.
You know why? Because the Canadians selling gas next to the border know that the Canadians will drive to the American side to fill up.
See your Government solves all doesn’t hold water D.T.
I also know that the Canadians that can afford it come to the U.S for Health care.
So get out your checkbook D.T. The Queen wants her money. And remember D.T.It is her money,not yours.
Gee D.T,I wonder where this came from?
The land must never be sold on a permanent basis,for the land belongs to me.You are only foreigners and tenant farmers working for me.
Here’s a Hint.It wasn’t the Queen.
And while were here D.T:
Why don’t you explain to us why your Government sold all it’s Gold.
Dan has it nailed at the beginning of the segment: if anyone tried to set up a non-fractional 100% gold-based bank today, they would be arrested or leaned on heavily by law enforcement/military, or shot. See Bernard von NotHaus and the Liberty Dollar!
The power of the banks is to create money out of nothingness, and loan the new currency at interest. Thus the debt-based currency can never be paid off. They’re not about to give up the power issuing debt-based fractional currency gives them. Since the US government is a co-conspirator in defrauding the people, it must act at the behest of the central bank.
To escape this system we must have a new form of banking that is without centralization and the opportunity to commit fraud. We cannot trust the older systems, or participants, therefore we don’t trust in the new system – it is trustless. We cannot prevent government theft, therefore we make theft as difficult as possible with the blockchain. We cannot trust “shell” companies and government taxing us for one reason and giving the money away for other reasons, so we have the blockchain to be transparent and recordable. All this is because of betrayal by the system.