Some family members and friends of mine are distraught right now because they feel that they have "lost money" by "investing" in cryptocurrencies which have "crashed". Lets take a fresh look at this.
@PeterSchiff on twitter July 24, 2020. "In 1792 #gold was $19.30 per ounce. By the time the Federal Reserve Act was passed 121 years later in 1913 the price of gold had risen to $20.67. Today the price closed above $1900. It took the Fed 107 years to destroy 99% of the dollar's value. The last 1% will be killer."
They are attempting to destroy that last 1% in 2022. #ENDTHEFED and #FUCKCBDC's
Excellent explanations of crypto currencies. I didn't understand it at all before. Now I see that it will be backed by gold which is fixed instead of the DS inflationary paper money. So it sounds like the principle of profiting by "long-term" investments still stands. In other words, if you plan long term returns on your investments, then LEAVE THE MONEY TO HELL ALONE and the fluctuations of the market will sort itself out and you can then sell or purchase as desired at the appropriate time for your own needs. I've always understood it as a shoe sale (lol). When the current price of shoes is $100, you can buy it now, at that price or wait for the sale (drop in market value), so when its on sale for $25 you could buy 4 pairs of shoes or one for $20. Whichever you choose. AND when the market is high and the price of the shoe goes back up or even exceeds the $100 original value, then you can sell your extra shoes that you bought at $25 each and gain large profits (buy for 25 and sell for100 or more..X the number of shoes previously bought. great. eh? Anyway, that's how I understood it. so I'd just leave the money where it is (and stop whining people) and instead if you had extra money, buy more crypto shares at the lower vice value and wait it out for the it to grow, whenever. lol Of course if you don't have extra money to buy more then don't worry about it and it will grow on its own after the U.S. Corporation has been publicly announced and the ball is rolling in our favor. yeah, no timestamp though.
Very few will bring a decent return. Look for cryptos that have a use case. Most don't.
Examples are XRP, XLM, ADA, THETA, VET, SOL, ALGO, XDC, QUANT, and a small handful of others.
ETH fees are crazy, and 3.0 isn't even close to viable.
BTC and proof of work doesn't work. In a 'clean' energy perspective it is the worst. BTC uses way to much energy and most is coal fired or gas fired sources.
XRP is the shitcoin's shitcoin, avoid it like the plague. Everything other than BTC is gambling, except perhaps for ETH if it returns to proof-of-work, and maybe Monero.
BTC "uses too much energy" is a bullshit argument advanced by people who want you and your family dead or enslaved. BTC is only profitable to mine if it used stranded energy that has no other real use (e.g. flare gas on remote oilfields). Stop listening to people who want to kill you.
"return" implies viewing them as an "investment" or "slot machine". The point of this piece is to divorce one's thinking about cryptos in dollar-denominated return terms.
I don't have whatever crystal ball that the people who made that W.A.G. believe they have. Truly, no idea where the "price" of BTC goes in dollar terms. But we must start to think of its value in non- dollar-denominated terms. Too many people treated cryptocurrencies as a casino. My gut feeling is "they" lured people into this trap on purpose, to use the resulting losses as an emotional whip to break people. "They" didn't like cryptocurrencies from the beginning. It disintermediates the banking cabal (as intended.)
What happens when the currency is allowed to be printed by government order beyond the limits of backing in precious metal or the production of goods and services?
Apparent Capital as "Paper" Inductor
In this structure, credit, presented as a pure element called "currency," has the appearance of capital, but is in effect negative capital. Hence, it has the appearance of service, but is in fact, indebtedness or debt. It is therefore an economic inductance instead of an economic capacitance, and if balanced in no other way, will be balanced by the negation of population (war, genocide). The total goods and services represent real capital called the gross national product, and currency may be printed up to this level and still represent economic capacitance; but currency printed beyond this level is subtractive, represents the introduction of economic inductance, and constitutes notes of indebtedness.
War is therefore the balancing of the system by killing the true creditors (the public which we have taught to exchange true value for inflated currency) and falling back on whatever is left of the resources of nature and regeneration of those resources.
Assets (such as stock, precious metals, crypto, …) has peaks and valleys. And they all have a method in which they build upon called momentum. It seems as history repeats itself in crypto, every 2 to 4 years there’s a peak and a valley (called reset). The market doesn’t crash, profits are taken out of crypto which drives a market down. The wealthy typically buy in the valley and sell after profit has been realized on the way up to the peak. It’s the masses that jump in as the prices reach near peak just before a slide backwards occurs. In everything, there should be an exit strategy and we all need to plan our own strategy based on tolerance. Consolidation happens typically before momentum upward begins, so watch for a sideway motion…. Dan D (CM)
Assets...have peaks and valleys when measured *in dollar denominated terms*. Its difficult, but you need to train your mind to start to divorce the "value" of crypto from being expressed solely by its exchange rate in fiat dollars. The reason is that the length of your yardstick is changing, not that the thing you're measuring is getting longer.
A concrete example to grasp the problem here: think of a "dollar" as a yardstick. Last year, "one yard of dollars" equaled a gallon of gas. But now the dollar has "shrunk" *relative to itself*, because of the effect of inflation. So now it takes "two yards of dollars" to buy that same gallon of gas.
Its not that the gas (necessarily) became more "valuable" to your daily life, and therefore justifiably requires more of your labor to acquire; is that the thing you use to buy it with became *less* valuable. The dollar is "worth less" in units of gallons of gas.
Now take the space away from the two quoted words and you'll see the endgame.
Gaaaa. I love you man! The timing of this message for me was perfection! I've been hanging onto my crypto, and stubborn optimism as fiscal investments are not my strong suit, but I am a dabbler. I've always been about viewing things from diff perspectives and this is just reassuring that my intuition has been on point to just hold onto what I've got and not stress about it. Also a huge fan of End The Fed!
Money becomes worthless when supply and demand get reorganized around realistic expectations and reality itself.
When we look at the "stack" of issues before us, I advise people to consider the following; Food, Water, Energy, Community.
Should we arrive at scarcity, where we cannot get access to some of these above goods - money will do nothing. The "warlord" will be more powerful than the "banker" at this time, and until things settle down it will be this way. People will band together in communities, and our "giant world" of the Internet could shrink right down to the local tribe.
This "value" of "units" is used by the financial services industry to prevent customers from selling their investments. This is usually to keep the market going, and to prevent emotions from driving lows even lower. These particular units, Coins, need electricity and a market place to be used. People who receive these Coins, will also need to be able to use them for their purposes.
Example;
Vendor makes Chairs, accepts Bitcoin, needs Wood, Labor, Nails/Screws. Can the vendor turn around and use the Coins to keep things going? How many people will say no to this nonsense, of "it's in your cellphone/wallet.." what will what is in my technology matter when I am trying to trade it for potatoes from the ground?
Even Silver/Gold, at least a physical token - is still a token. How much regression are we looking at is a better question to consider. Where can we product metals and machined parts? Where can we get replacement bits for our equipment needed to grow food, gather and purify water, power lights - or our phones for our coin wallets.
Reminds me of the movie "The Big Short." Where Brad Pitt's character calls out what the new currency will be - Seeds.
The Central Banking fraud needs to end, I just do not think any "money" solution works with what comes next. In the stack of issues there are things that require compassion, patience, forgiveness, mercy.. none of which will ever be found in our money - only ourselves.
Well, a lot of what you surmised does make sense, vigilance, but I don’t quite understand what ‘one’ is to do with their capital/investments if the only picture you keep presenting is some ‘capricious’ central-controlling Federal banking system is causing ‘all’ inflation/deflation. I mean what is ‘one’ to do? Start buying ‘physical’ form of gold/diamonds and stuff them in a safe in my house, just in case a recession deteriorates into an unthinkable depression!?! I no longer have faith in removing these unjust banking systems from manipulating prices, (a lot of it is also the fault of the consumer who ‘rolls- over’ & pays these rip-off prices). These banks have aristocratic & political backing, ( after I witnessed the 2005- 2007 bailout with taxpayers funds, by political forces…I new my voting no longer mattered). I do want to invest more in cryptocurrency but still, it is so unpredictable & more & more ‘reeks’ of being a hidden Ponzi- scheme, I can’t bring myself to trust it for more of a large bulk of my investment funds.
I have absolutely no idea what's the "best" road out of this situation. I've worked in Canadian Banking for over a decade and have seen all range of products, beliefs, ideas, solutions, etc.. None of it I think holds up to this. Putting forth the problem to some sophisticated and respectable minds - none have solutions but cling to "It can't fail that badly..." -- only a few have transitioned into "Can it?"
I think assets are the only thing to hold right now, assets that can be moved with you and will retain value by being useful. Tools come to mind here.
As we see the West just throw epic proportions of fiat currency at problems - we can see how if our leaders treat our money like it is worthless, it may just be that. It's only got value if you can find someone to trade you. Fiat and Coins will share this trait soon, where it will be hard to determine which is worth more, less, or nothing at all.
My advice is to secure your situation in life. Food, Water, Energy, Community -- Brass. While this is a very "end is neigh" worldview, no talking head can give me the confidence that they will deal with what is coming for us. So if you were my neighbor, I'd be discussing who grow's what and how we trade/distribute workload.
Doe's it get that bad? Look at Venezuela. Could us sophisticated Westerner's end up in that world? It's possible. Are we hardy enough to survive it? Flat no. In India and China they teach math, chemistry, logic, etc.. to grade school level students. Here? We're obsessed with topics that do nothing to improve our standard of living.
I converted what I had into tools, seeds, in addition to the other items I speak to. If I am wrong, I will pay the price of not having a luxurious retirement. However that type of thinking, living in luxury, led our societies elites and educated minds down this road that has turned into absolute shit. Bought a few thousand dollars in text books, manuals, etc.. I answered this worlds challenges by building an "Ark" of knowledge and sustenance.
Want a unique experience? Tell your family it's beans and rice for dinner - for the next month. See how your psychology and relationships within the house go after that. If this never comes to be a thing - it is still worth the test.
Perhaps eating the bugs, as they intend for us, is a good lesson for what we collectively allowed.
To close this thought, my final words of wisdom is consider what a "Freeman" needs to survive - and do that with all your capacity.
What happens if there is no "Internet" for a while... How valuable will crypto be? Tangible assets, right now, need to be stored as well... Can you eat silver or gold? No. Let us hope that it does NOT get to that, but you'd better be prepared for the worst. Food, shelter, energy, water, protection for at least 6 months is ground zero, start there first. Then work your way to the rest. Gold and silver in hand will suffice for early trade and then later things like crypto will help facilitate the continued progression of civilization WITHOUT the central banks!
@PeterSchiff on twitter July 24, 2020. "In 1792 #gold was $19.30 per ounce. By the time the Federal Reserve Act was passed 121 years later in 1913 the price of gold had risen to $20.67. Today the price closed above $1900. It took the Fed 107 years to destroy 99% of the dollar's value. The last 1% will be killer."
They are attempting to destroy that last 1% in 2022. #ENDTHEFED and #FUCKCBDC's
Excellent explanations of crypto currencies. I didn't understand it at all before. Now I see that it will be backed by gold which is fixed instead of the DS inflationary paper money. So it sounds like the principle of profiting by "long-term" investments still stands. In other words, if you plan long term returns on your investments, then LEAVE THE MONEY TO HELL ALONE and the fluctuations of the market will sort itself out and you can then sell or purchase as desired at the appropriate time for your own needs. I've always understood it as a shoe sale (lol). When the current price of shoes is $100, you can buy it now, at that price or wait for the sale (drop in market value), so when its on sale for $25 you could buy 4 pairs of shoes or one for $20. Whichever you choose. AND when the market is high and the price of the shoe goes back up or even exceeds the $100 original value, then you can sell your extra shoes that you bought at $25 each and gain large profits (buy for 25 and sell for100 or more..X the number of shoes previously bought. great. eh? Anyway, that's how I understood it. so I'd just leave the money where it is (and stop whining people) and instead if you had extra money, buy more crypto shares at the lower vice value and wait it out for the it to grow, whenever. lol Of course if you don't have extra money to buy more then don't worry about it and it will grow on its own after the U.S. Corporation has been publicly announced and the ball is rolling in our favor. yeah, no timestamp though.
The term cryptos is a broad brush.
Very few will bring a decent return. Look for cryptos that have a use case. Most don't.
Examples are XRP, XLM, ADA, THETA, VET, SOL, ALGO, XDC, QUANT, and a small handful of others.
ETH fees are crazy, and 3.0 isn't even close to viable.
BTC and proof of work doesn't work. In a 'clean' energy perspective it is the worst. BTC uses way to much energy and most is coal fired or gas fired sources.
XRP is the shitcoin's shitcoin, avoid it like the plague. Everything other than BTC is gambling, except perhaps for ETH if it returns to proof-of-work, and maybe Monero.
BTC "uses too much energy" is a bullshit argument advanced by people who want you and your family dead or enslaved. BTC is only profitable to mine if it used stranded energy that has no other real use (e.g. flare gas on remote oilfields). Stop listening to people who want to kill you.
"return" implies viewing them as an "investment" or "slot machine". The point of this piece is to divorce one's thinking about cryptos in dollar-denominated return terms.
Great point of view. Thanks!
Are we still going to see 138k bitcoin in Q3 as previously predicted ( though a year later)?
I don't have whatever crystal ball that the people who made that W.A.G. believe they have. Truly, no idea where the "price" of BTC goes in dollar terms. But we must start to think of its value in non- dollar-denominated terms. Too many people treated cryptocurrencies as a casino. My gut feeling is "they" lured people into this trap on purpose, to use the resulting losses as an emotional whip to break people. "They" didn't like cryptocurrencies from the beginning. It disintermediates the banking cabal (as intended.)
What happens when the currency is allowed to be printed by government order beyond the limits of backing in precious metal or the production of goods and services?
Apparent Capital as "Paper" Inductor
In this structure, credit, presented as a pure element called "currency," has the appearance of capital, but is in effect negative capital. Hence, it has the appearance of service, but is in fact, indebtedness or debt. It is therefore an economic inductance instead of an economic capacitance, and if balanced in no other way, will be balanced by the negation of population (war, genocide). The total goods and services represent real capital called the gross national product, and currency may be printed up to this level and still represent economic capacitance; but currency printed beyond this level is subtractive, represents the introduction of economic inductance, and constitutes notes of indebtedness.
War is therefore the balancing of the system by killing the true creditors (the public which we have taught to exchange true value for inflated currency) and falling back on whatever is left of the resources of nature and regeneration of those resources.
https://www.thewayofcoherence.com/post/blood-money
Excellent. This is exactly how I think too.
Assets (such as stock, precious metals, crypto, …) has peaks and valleys. And they all have a method in which they build upon called momentum. It seems as history repeats itself in crypto, every 2 to 4 years there’s a peak and a valley (called reset). The market doesn’t crash, profits are taken out of crypto which drives a market down. The wealthy typically buy in the valley and sell after profit has been realized on the way up to the peak. It’s the masses that jump in as the prices reach near peak just before a slide backwards occurs. In everything, there should be an exit strategy and we all need to plan our own strategy based on tolerance. Consolidation happens typically before momentum upward begins, so watch for a sideway motion…. Dan D (CM)
Assets...have peaks and valleys when measured *in dollar denominated terms*. Its difficult, but you need to train your mind to start to divorce the "value" of crypto from being expressed solely by its exchange rate in fiat dollars. The reason is that the length of your yardstick is changing, not that the thing you're measuring is getting longer.
A concrete example to grasp the problem here: think of a "dollar" as a yardstick. Last year, "one yard of dollars" equaled a gallon of gas. But now the dollar has "shrunk" *relative to itself*, because of the effect of inflation. So now it takes "two yards of dollars" to buy that same gallon of gas.
Its not that the gas (necessarily) became more "valuable" to your daily life, and therefore justifiably requires more of your labor to acquire; is that the thing you use to buy it with became *less* valuable. The dollar is "worth less" in units of gallons of gas.
Now take the space away from the two quoted words and you'll see the endgame.
Gaaaa. I love you man! The timing of this message for me was perfection! I've been hanging onto my crypto, and stubborn optimism as fiscal investments are not my strong suit, but I am a dabbler. I've always been about viewing things from diff perspectives and this is just reassuring that my intuition has been on point to just hold onto what I've got and not stress about it. Also a huge fan of End The Fed!
End the Fed.
Money becomes worthless when supply and demand get reorganized around realistic expectations and reality itself.
When we look at the "stack" of issues before us, I advise people to consider the following; Food, Water, Energy, Community.
Should we arrive at scarcity, where we cannot get access to some of these above goods - money will do nothing. The "warlord" will be more powerful than the "banker" at this time, and until things settle down it will be this way. People will band together in communities, and our "giant world" of the Internet could shrink right down to the local tribe.
This "value" of "units" is used by the financial services industry to prevent customers from selling their investments. This is usually to keep the market going, and to prevent emotions from driving lows even lower. These particular units, Coins, need electricity and a market place to be used. People who receive these Coins, will also need to be able to use them for their purposes.
Example;
Vendor makes Chairs, accepts Bitcoin, needs Wood, Labor, Nails/Screws. Can the vendor turn around and use the Coins to keep things going? How many people will say no to this nonsense, of "it's in your cellphone/wallet.." what will what is in my technology matter when I am trying to trade it for potatoes from the ground?
Even Silver/Gold, at least a physical token - is still a token. How much regression are we looking at is a better question to consider. Where can we product metals and machined parts? Where can we get replacement bits for our equipment needed to grow food, gather and purify water, power lights - or our phones for our coin wallets.
Reminds me of the movie "The Big Short." Where Brad Pitt's character calls out what the new currency will be - Seeds.
The Central Banking fraud needs to end, I just do not think any "money" solution works with what comes next. In the stack of issues there are things that require compassion, patience, forgiveness, mercy.. none of which will ever be found in our money - only ourselves.
Well, a lot of what you surmised does make sense, vigilance, but I don’t quite understand what ‘one’ is to do with their capital/investments if the only picture you keep presenting is some ‘capricious’ central-controlling Federal banking system is causing ‘all’ inflation/deflation. I mean what is ‘one’ to do? Start buying ‘physical’ form of gold/diamonds and stuff them in a safe in my house, just in case a recession deteriorates into an unthinkable depression!?! I no longer have faith in removing these unjust banking systems from manipulating prices, (a lot of it is also the fault of the consumer who ‘rolls- over’ & pays these rip-off prices). These banks have aristocratic & political backing, ( after I witnessed the 2005- 2007 bailout with taxpayers funds, by political forces…I new my voting no longer mattered). I do want to invest more in cryptocurrency but still, it is so unpredictable & more & more ‘reeks’ of being a hidden Ponzi- scheme, I can’t bring myself to trust it for more of a large bulk of my investment funds.
I have absolutely no idea what's the "best" road out of this situation. I've worked in Canadian Banking for over a decade and have seen all range of products, beliefs, ideas, solutions, etc.. None of it I think holds up to this. Putting forth the problem to some sophisticated and respectable minds - none have solutions but cling to "It can't fail that badly..." -- only a few have transitioned into "Can it?"
I think assets are the only thing to hold right now, assets that can be moved with you and will retain value by being useful. Tools come to mind here.
As we see the West just throw epic proportions of fiat currency at problems - we can see how if our leaders treat our money like it is worthless, it may just be that. It's only got value if you can find someone to trade you. Fiat and Coins will share this trait soon, where it will be hard to determine which is worth more, less, or nothing at all.
My advice is to secure your situation in life. Food, Water, Energy, Community -- Brass. While this is a very "end is neigh" worldview, no talking head can give me the confidence that they will deal with what is coming for us. So if you were my neighbor, I'd be discussing who grow's what and how we trade/distribute workload.
Doe's it get that bad? Look at Venezuela. Could us sophisticated Westerner's end up in that world? It's possible. Are we hardy enough to survive it? Flat no. In India and China they teach math, chemistry, logic, etc.. to grade school level students. Here? We're obsessed with topics that do nothing to improve our standard of living.
I converted what I had into tools, seeds, in addition to the other items I speak to. If I am wrong, I will pay the price of not having a luxurious retirement. However that type of thinking, living in luxury, led our societies elites and educated minds down this road that has turned into absolute shit. Bought a few thousand dollars in text books, manuals, etc.. I answered this worlds challenges by building an "Ark" of knowledge and sustenance.
Want a unique experience? Tell your family it's beans and rice for dinner - for the next month. See how your psychology and relationships within the house go after that. If this never comes to be a thing - it is still worth the test.
Perhaps eating the bugs, as they intend for us, is a good lesson for what we collectively allowed.
To close this thought, my final words of wisdom is consider what a "Freeman" needs to survive - and do that with all your capacity.
If our society is suddenly thrust back into the 18th century than ammunition will be the only currency.
Agreed. Reloading will be a trade skill worth attending a college for.
How much knowledge has been lost though? Can we even make gun powder outside of a specialized factory? Projectiles, brass? Etc...
$AABB Gold backed token… check it out… it will be the gold standard…
How do you get your gold, into your hand, where limitations of technology cannot distort or manipulate it's value?
What happens if there is no "Internet" for a while... How valuable will crypto be? Tangible assets, right now, need to be stored as well... Can you eat silver or gold? No. Let us hope that it does NOT get to that, but you'd better be prepared for the worst. Food, shelter, energy, water, protection for at least 6 months is ground zero, start there first. Then work your way to the rest. Gold and silver in hand will suffice for early trade and then later things like crypto will help facilitate the continued progression of civilization WITHOUT the central banks!
excellent comment, thank you. You might enjoy my post "Its all about Energy" if you haven't seen it yet.
I read everything you write, and share it with good minds I have met. If you get any inflow from Telegram that may be my fault ;)