yield on 10 yr bond | |
Anonymous Coward User ID: 79889202 Luxembourg 03/03/2021 07:36 PM Report Abusive Post Report Copyright Violation | DAMN, I WANT YOUR LIFE!! Can we trade lives? PLEASE? In all seriousness, WELL DONE man! You did f*cken awesome! Thank you. I've had some good luck but I also did my part. Single income. Wife stayed home. We're here on 30 acres. Raised 3 kids here. At almost 60, I am all debt free. I buy my vehicles with cash (I drive OLD vehicles). I'm not here to brag to say, "Look at me!". I'm here to show you that one income and consistent hard work can get you were you need to be. Any of you can do this. I'll retire in a few years before I'm 65 and watch it all burn down. I am miles ahead of most because of one thing: I never use credit unless I absolutely have to. The system will bleed you dry. I made the system work for me instead of letting the system work me over. Once again, f*cken AWESOME man! Do you happen to invest in the stock market? Because you are exactly the type of person who I would pick the brain of to get stock suggestions from! You see the guns laying on the bed? That comprises about all I've done in the stock market. IN THE NEGATIVE! I just don't have the talent. Sorry. I make my money typing on a keyboard (IT servers/security/firewalls) and live cheap (I don't have any expensive hobbies, except collecting guns, gold and silver with have a return.) |
Anonymous Coward User ID: 73036409 United States 03/03/2021 07:37 PM Report Abusive Post Report Copyright Violation | Remember less than a year ago when BTC was under 10k for months and you all probably were posting in the same 'bitcoin is a scam' threads. You'd be 5x up by now. Quoting: Anonymous Coward 80106850 No... You are only up when you sell off. Otherwise you are sitting on a digital receipt of invisible "currency".. So salty. Nothing stops people from selling. Nothing stops people from SCALING in and out either. I've sold bitcoin for multiple x gains and at the same time still have holdings. MAGIC! And you drive a Tercel and not a Lambo, right? |
Anonymous Coward User ID: 12336423 United States 03/03/2021 07:37 PM Report Abusive Post Report Copyright Violation | Shills in here trying to make you stay away from gold, silver, and bitcoin. Have all 3. Keep your crypto keys yourself. Keep your gold and silver physical. For all 3, if you don't hold it you don't own it. Fuck the dollar. Quoting: Anonymous Coward 2492899 But you can't even hold a Bitcoin... Real talk As old school knows from Cuban Ponce "If you don't hold it....." |
Anonymous Coward User ID: 80104799 United States 03/03/2021 07:37 PM Report Abusive Post Report Copyright Violation | the yield is back to Friday's panic level. Quoting: stinky1 But we are told big players are getting into bitcoin. And it's a rogue thing free of manipulation, free of governments....sure it is. You are tellinng me those billionaires planninng the great reset in switzerland every year had a fast one pulled over them. They were bypassed with this mysterious new digital coin. suuurrre Hyperinflation folks! Bitcoin is a set up, a mechanism to absorb endless printed dollars. 10 yr bond [link to finance.yahoo.com (secure)] And the set up is working. worst sentiment for gold in years. People are goinng to be left holding a giant worthless bag of fiat/bitcoin. [link to www.youtube.com (secure)] This ^^^ is absolutely what's going to happen. |
Anonymous Coward User ID: 73036409 United States 03/03/2021 07:38 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 80104799 United States 03/03/2021 07:38 PM Report Abusive Post Report Copyright Violation | the yield is back to Friday's panic level. Quoting: stinky1 But we are told big players are getting into bitcoin. And it's a rogue thing free of manipulation, free of governments....sure it is. You are tellinng me those billionaires planninng the great reset in switzerland every year had a fast one pulled over them. They were bypassed with this mysterious new digital coin. suuurrre Hyperinflation folks! Bitcoin is a set up, a mechanism to absorb endless printed dollars. 10 yr bond [link to finance.yahoo.com (secure)] And the set up is working. worst sentiment for gold in years. People are goinng to be left holding a giant worthless bag of fiat/bitcoin. [link to www.youtube.com (secure)] Gold is worthless. It can be made in a lab for $2700 an ounce. You havent kept up with the news It will never be a hedge for inflation. You will be the one holding the bag It just doesn't GET any dumber than this ^^^ |
Anonymous Coward User ID: 80104799 United States 03/03/2021 07:40 PM Report Abusive Post Report Copyright Violation | ... Quoting: stinky1 10 yr bond [link to finance.yahoo.com (secure)] And the set up is working. worst sentiment for gold in years. People are goinng to be left holding a giant worthless bag of fiat/bitcoin. [link to www.youtube.com (secure)] Gold is worthless. It can be made in a lab for $2700 an ounce. You havent kept up with the news It will never be a hedge for inflation. You will be the one holding the bag This is simoly not true. At all. Oh? Its not? Thats why going doesnt go up. Its not a conspiracy...smart money isnt gonna touch gold. Remember diamonds? Nobody buys real diamonds anymore they make fakes ones and you cannot even tell. Denial is extreme cope. Crypto is a hedge You're a moron. China and the big banks have been stockpiling gold and silver for a long time. All for nothing, according to an idiot like you. |
Dollar Bill
User ID: 76011272 03/03/2021 07:40 PM Report Abusive Post Report Copyright Violation | ... Quoting: Anonymous Coward 80105376 DAMN, I WANT YOUR LIFE!! Can we trade lives? PLEASE? In all seriousness, WELL DONE man! You did f*cken awesome! Thank you. I've had some good luck but I also did my part. Single income. Wife stayed home. We're here on 30 acres. Raised 3 kids here. At almost 60, I am all debt free. I buy my vehicles with cash (I drive OLD vehicles). I'm not here to brag to say, "Look at me!". I'm here to show you that one income and consistent hard work can get you were you need to be. Any of you can do this. I'll retire in a few years before I'm 65 and watch it all burn down. I am miles ahead of most because of one thing: I never use credit unless I absolutely have to. The system will bleed you dry. I made the system work for me instead of letting the system work me over. Once again, f*cken AWESOME man! Do you happen to invest in the stock market? Because you are exactly the type of person who I would pick the brain of to get stock suggestions from! You see the guns laying on the bed? That comprises about all I've done in the stock market. IN THE NEGATIVE! I just don't have the talent. Sorry. I make my money typing on a keyboard (IT servers/security/firewalls) and live cheap (I don't have any expensive hobbies, except collecting guns, gold and silver with have a return.) Freelance Superhero with only a minor personality disorder. All my other personalities are just fine, thanks. Ignore him, no we aren't. Question: "What is the most important thing in your life?" Answer: "NOT BEING STUPID" - Jordan Peterson |
Anonymous Coward User ID: 73036409 United States 03/03/2021 07:41 PM Report Abusive Post Report Copyright Violation | the yield is back to Friday's panic level. Quoting: stinky1 But we are told big players are getting into bitcoin. And it's a rogue thing free of manipulation, free of governments....sure it is. You are tellinng me those billionaires planninng the great reset in switzerland every year had a fast one pulled over them. They were bypassed with this mysterious new digital coin. suuurrre Hyperinflation folks! Bitcoin is a set up, a mechanism to absorb endless printed dollars. 10 yr bond [link to finance.yahoo.com (secure)] And the set up is working. worst sentiment for gold in years. People are goinng to be left holding a giant worthless bag of fiat/bitcoin. [link to www.youtube.com (secure)] Gold is worthless. It can be made in a lab for $2700 an ounce. You havent kept up with the news It will never be a hedge for inflation. You will be the one holding the bag It just doesn't GET any dumber than this ^^^ Don't underestimate. This is GLP after all! I wonder why crypto people must fan out like a pyramid scheme to recruit new members if it is so... guaranteed. |
Anonymous Coward User ID: 80105376 United States 03/03/2021 07:42 PM Report Abusive Post Report Copyright Violation | the yield is back to Friday's panic level. Quoting: stinky1 But we are told big players are getting into bitcoin. And it's a rogue thing free of manipulation, free of governments....sure it is. You are tellinng me those billionaires planninng the great reset in switzerland every year had a fast one pulled over them. They were bypassed with this mysterious new digital coin. suuurrre Hyperinflation folks! Bitcoin is a set up, a mechanism to absorb endless printed dollars. 10 yr bond [link to finance.yahoo.com (secure)] And the set up is working. worst sentiment for gold in years. People are goinng to be left holding a giant worthless bag of fiat/bitcoin. [link to www.youtube.com (secure)] Gold is worthless. It can be made in a lab for $2700 an ounce. You havent kept up with the news It will never be a hedge for inflation. You will be the one holding the bag It just doesn't GET any dumber than this ^^^ |
Anonymous Coward User ID: 80106850 Australia 03/03/2021 07:46 PM Report Abusive Post Report Copyright Violation | For starters, you all realise that the yield curve represents the risk associated with holding these bonds. The more the yield curve goes up, the greater the risk of holding them, and so the greater the reward, or yield. The risk we are discussing here btw is government default. I know you burgers don't entertain the notion that your govt could default but it is literally inevitable if you zoom out your timescale enough. The more these yields increase the greater chance of that default being imminent. Once it cracks above a certain level, the psychological marker of an aggregate of market participants, volatility cascades happen. In layman's terms, people rush for the exits. What that means in the real world is that entities sell their dollar reserves for whatever is going to hold value better, be it another currency or a commodity. Burgers can't fathom not being king of the castle (maybe banning history books was a bad idea) but this IS going to happen. Because you know what is stronger than behaviourally-conditioned patriotism (you have Hollywood and the Simpsons to thank for that), the drive for profits. The ones who patriotically refuse to believe the USD can fall from its perch are going to be the ones holding the bag at the end. Unfortunately for most of you, you are going to fall into this category. Evidence of this behaviour is highlighted in this thread by months of stubborn refusal to educate yourselves on bitcoin! The irony! Anyway I can tell this has become too many words for most of you to process (in a thread about financial matter no less). I don't know why I bother half the time. |
Anonymous Coward User ID: 2492899 United States 03/03/2021 07:48 PM Report Abusive Post Report Copyright Violation | Shills in here trying to make you stay away from gold, silver, and bitcoin. Have all 3. Keep your crypto keys yourself. Keep your gold and silver physical. For all 3, if you don't hold it you don't own it. Fuck the dollar. Quoting: Anonymous Coward 2492899 But you can't even hold a Bitcoin... You can't hold a stock you fucking parasite Where have I mentioned stock? It is just numbers on paper... I am in that game too, but I never give advice to get into the market right now. Metals on the other hand, are a different story. You can't eat gold. I hate that one too. So the equally worthless quip of "can't hold a bitcoin" is just as silly as saying "you can't eat gold." I don't want to eat my gold and I don't want to hold my bitcoin. They are for fully different outcomes and possibilities. I am hedging. Physical gold and silver for one set of outcomes and BTC for another set of outcomes. And copper jacketed lead for another set of outcomes. |
Anonymous Coward User ID: 73036409 United States 03/03/2021 07:50 PM Report Abusive Post Report Copyright Violation | Where have I mentioned stock? It is just numbers on paper... I am in that game too, but I never give advice to get into the market right now. Metals on the other hand, are a different story. You can't eat gold. I hate that one too. So the equally worthless quip of "can't hold a bitcoin" is just as silly as saying "you can't eat gold." I don't want to eat my gold and I don't want to hold my bitcoin. They are for fully different outcomes and possibilities. I am hedging. Physical gold and silver for one set of outcomes and BTC for another set of outcomes. And copper jacketed lead for another set of outcomes. You can eat gold. You need fucking IRON to live. Magnesium, selenium etc... You literally cannot even SEE a fucking Bitcoin. There is nothing TO see. It is a name given to 1's and 0's on a screen. |
Anonymous Coward User ID: 73036409 United States 03/03/2021 07:51 PM Report Abusive Post Report Copyright Violation | Where have I mentioned stock? It is just numbers on paper... I am in that game too, but I never give advice to get into the market right now. Metals on the other hand, are a different story. You can't eat gold. I hate that one too. So the equally worthless quip of "can't hold a bitcoin" is just as silly as saying "you can't eat gold." I don't want to eat my gold and I don't want to hold my bitcoin. They are for fully different outcomes and possibilities. I am hedging. Physical gold and silver for one set of outcomes and BTC for another set of outcomes. And copper jacketed lead for another set of outcomes. [link to www.godlike.com (secure)] |
Anonymous Coward User ID: 73036409 United States 03/03/2021 07:52 PM Report Abusive Post Report Copyright Violation | Where have I mentioned stock? It is just numbers on paper... I am in that game too, but I never give advice to get into the market right now. Metals on the other hand, are a different story. You can't eat gold. I hate that one too. So the equally worthless quip of "can't hold a bitcoin" is just as silly as saying "you can't eat gold." I don't want to eat my gold and I don't want to hold my bitcoin. They are for fully different outcomes and possibilities. I am hedging. Physical gold and silver for one set of outcomes and BTC for another set of outcomes. And copper jacketed lead for another set of outcomes. Same link. Both work. [link to www.godlike.com (secure)] Thread: YOU CAN'T EAT SILVER OR GOLD you FUCKING IDIOTS! |
Anonymous Coward User ID: 75222799 Canada 03/03/2021 07:54 PM Report Abusive Post Report Copyright Violation | A single EMP from the run the sun or something, would only devastate half the planet, even widespread EMP across the planet, would still leave some hardened copies of the ledger available to rebuild your copy from once telecom / power is restored. the keys which control the bitcoin, can be backed up to paper / metal / stone / composite copies, which won't be effected by an EMP. if the TPB send us back to the dark ages and electricity along with telecommunications are all wiped out, yes, Bitcoin will fail, but so will modern civilization. i choose to believe TPB want to push the technological envelope even further for years to come, and their NWO control grid is going to need more power and more connectivity, not less. The internet and the modern tech age isn't going anywhere for now, and neither is bitcoin. common misconception is we are facing a "hyperinflation" crisis, but the goldbugs have been screaming that for decades, it never really comes. another misconception is that bitcoin is a replacement or threat to fiat or central banking, it certainly is not, and nor would you want it to be. currencies don't crash / unwind, national sovereignty does. Gold bug / libertarian disinformation has completely confused people about central banking, fractional reserve system, that just not how modern economics works, bitcoin is a blackhole that will keep sucking in more and more fiat, and it's mathematically pure scarcity and ability to manage final settlement in minutes, is unlike any other financial asset out there. if there is a 'con' to bitcoin somewhere, it's in how it lends itself to the NWO "sustainable development" and great reset agenda. bitcoin's "deflationary" design is one that promotes hoarding, and not spending / selling. the elites want a future where we hoard, accumulate, but less prone to spending, consuming, travelling. the technocrats want everyone in megacities, living in pods with while minimizing your carbon footprint, and they'll want to promote a non-reproductive, low consumption lifestyle, one where you hoard your wealth in these digital assets, which may even make you "rich on paper" in the future, but in the end, what use is it being a crypto millionaire, if you're stuck in a pod, with no access to travel, vacation homes, big ticket toys or excursions, bitcoin and it's economics are great for perfect for the climate change oriented future economy of the world, it will help promote the "scarcity" and rationing agenda nicely... |
Anonymous Coward User ID: 73036409 United States 03/03/2021 08:02 PM Report Abusive Post Report Copyright Violation | Has anyone here ever heard of MAGIC, THE GATHERING? If not, look it up. Basically, the retarded players could not work their way thru the game, so they started trading "real" fiat money (digitally) so they can work their way thru the games faster. MTGOX was born from that. Magic The Gathering Online (e)Xchange. How a card trading site became the center of an Bitcoin embezzlement scandal [link to thenextweb.com (secure)] |
Anonymous Coward User ID: 73036409 United States 03/03/2021 08:06 PM Report Abusive Post Report Copyright Violation | Exchanges hacked. Yet another crypto exchange has fallen victim to a massive hack [link to www.techradar.com (secure)] The bitcoin and cryptocurrency community, fiercely protective of its privacy, has been rocked by a massive data breach that's seen the personal information of over 270,000 bitcoin and cryptocurrency users published online. [link to www.forbes.com (secure)] Wallets hacked. This Ongoing Bitcoin Wallet Hack Has Stolen $22 Million In BTC [link to bitcoinist.com (secure)] Blockchains hacked. Once hailed as unhackable, blockchains are now getting hacked [link to www.technologyreview.com (secure)] |
Anonymous Coward User ID: 79889202 Luxembourg 03/03/2021 08:06 PM Report Abusive Post Report Copyright Violation | Read my last paragraph for a REAL education. I know bitcoin (and other cryptos) are not physical in the sense that you can hold them, but, gold and bitcoin have a lot in common. Unlike the Federal Reserve Note, you can't just print bitcoin. Like gold, it must be mined. Also, like gold, in a full on crash, its kinda worthless. You can't eat it. But, when a certain amount of civilization returns after a major crash of some sort, gold and silver will be king. ...and then when a little more of that civilization returns, so will bitcoin. Bitcoin is abstract, yes, but it is finite in the same way gold is finite. The fundamental principles that make gold worth $1700 today is why bitcoin is above $40k. Gold would be 100 times its price if they had not oversold it. For the same reason, the dollar is worth 100 times less than it was in 1930. Since the dollar is also "oversold" or printed, it is also worth less. If an EMP were to hit and destroy the infrastructure, bitcoin would be worthless (for a while). It would return. Gold/Silver would be worthless too (for a shorter while). have invested in things that will have a skyrocketing value when that EMP hits. What is that, you ask? Guns. Tools. Ammo. Fuel. Right now, I have a gun, a HighPoint C9 and 50 rounds of ammo that I can't sell for $100. (HighPoints have a bad reputation but that is usually from people that don't know jack shit about guns.) When the EMP hits, the price of that gun and ammo will sharply increase, pretty much to to moon when the meanness starts. I have 4 ARs. Paid anywhere from $700 to $900 for each of them. The EMP hits and, the doubles or triples (but, I won't take dollars. I would, however, take gold or silver.) The fact is, our dollar-centric brainwashing keeps us from understanding the value of things outside the bounds of the dollar. Here is how screwed up things are. I look at it in labor. I make about an ounce of silver an hour in todays prices. Basically, that is the same as minimum wage in 1960. (about $1.25 an hour). You could take your pay to the bank and get a silver dollar and a silver quarter for every hour you worked. I'm a highly paid IT working. That is what I bring home. $31.75 for every hour I work. That will buy me a 1oz silver round delivered to my home. I'm a highly skilled, highly paid IT worker. Its enough to make you say: WTF! The federal reserve has fucked us, people. Get a damned clue! To make the same, the average unskilled minimum wage worker has to work almost 3 hours for that. You people are complaining about a $15 min wage? It should be $30 an hour, you stupid fuckheads! ...and if that is the case, what should my wage be? Yeah. USGov and FedRes have screwed us all. |
Anonymous Coward User ID: 80104799 United States 03/03/2021 08:08 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 73036409 United States 03/03/2021 08:13 PM Report Abusive Post Report Copyright Violation | People who embrace digital "money" are a SURE BET to eagerly receive the Mark of the Beast. Right now, you are literally being trained to do so. Millennials do not care about that. Remember... They are the type entitled to top paying positions out of college. |
Anonymous Coward User ID: 80105376 United States 03/03/2021 08:33 PM Report Abusive Post Report Copyright Violation | I love these threads, I really do. They highlight the knowledge gap between 'retail' (you lovely fellows) and professionals. Quoting: Anonymous Coward 80106850 For starters, you all realise that the yield curve represents the risk associated with holding these bonds. The more the yield curve goes up, the greater the risk of holding them, and so the greater the reward, or yield. The risk we are discussing here btw is government default. I know you burgers don't entertain the notion that your govt could default but it is literally inevitable if you zoom out your timescale enough. The more these yields increase the greater chance of that default being imminent. Once it cracks above a certain level, the psychological marker of an aggregate of market participants, volatility cascades happen. In layman's terms, people rush for the exits. What that means in the real world is that entities sell their dollar reserves for whatever is going to hold value better, be it another currency or a commodity. Burgers can't fathom not being king of the castle (maybe banning history books was a bad idea) but this IS going to happen. Because you know what is stronger than behaviourally-conditioned patriotism (you have Hollywood and the Simpsons to thank for that), the drive for profits. The ones who patriotically refuse to believe the USD can fall from its perch are going to be the ones holding the bag at the end. Unfortunately for most of you, you are going to fall into this category. Evidence of this behaviour is highlighted in this thread by months of stubborn refusal to educate yourselves on bitcoin! The irony! Anyway I can tell this has become too many words for most of you to process (in a thread about financial matter no less). I don't know why I bother half the time. Thanks, my brain does hurt after trying to understand all that. But in simple terms, what do you suggest for us lovely retail fellas to invest or acquire at the current time? Stocks, bonds, precious metals, crypto coin, a certain foreign currency, etc? |
Anonymous Coward User ID: 80026104 Canada 03/03/2021 08:47 PM Report Abusive Post Report Copyright Violation | the yield is back to Friday's panic level. Quoting: stinky1 But we are told big players are getting into bitcoin. And it's a rogue thing free of manipulation, free of governments....sure it is. You are tellinng me those billionaires planninng the great reset in switzerland every year had a fast one pulled over them. They were bypassed with this mysterious new digital coin. suuurrre Hyperinflation folks! Bitcoin is a set up, a mechanism to absorb endless printed dollars. lol i finally get the whole scheme now this new depression will be blamed on bitcoin falling, just watch it and get out of its way Thank-you Romania. Along with bitcoin creating problems...on purpose, silver might be the catalyst. Why such a great effort to manipulate the price low? Why does jp Morgan have 400 000 ounces? why are the biggest names in the silver industry like jeff christian making statements? "We are just going to crash the dollar" It's all a set up for The great reset. |
Anonymous Coward User ID: 79411978 United States 03/03/2021 08:48 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 73036409 United States 03/03/2021 08:51 PM Report Abusive Post Report Copyright Violation | the yield is back to Friday's panic level. Quoting: stinky1 But we are told big players are getting into bitcoin. And it's a rogue thing free of manipulation, free of governments....sure it is. You are tellinng me those billionaires planninng the great reset in switzerland every year had a fast one pulled over them. They were bypassed with this mysterious new digital coin. suuurrre Hyperinflation folks! Bitcoin is a set up, a mechanism to absorb endless printed dollars. lol i finally get the whole scheme now this new depression will be blamed on bitcoin falling, just watch it and get out of its way Thank-you Romania. Along with bitcoin creating problems...on purpose, silver might be the catalyst. Why such a great effort to manipulate the price low? Why does jp Morgan have 400 000 ounces? why are the biggest names in the silver industry like jeff christian making statements? "We are just going to crash the dollar" It's all a set up for The great reset. The bigger question is why are they allowing crypto to exist with all the downfalls and supposed super-secret nature. (Remember, the US gov't stopped using Blackberry phones because they were TOO secure. And why do they not incentivize owning metals as other countries encourage citizens to do if they really are worried about people not saving for rainy days/retirement? |
Anonymous Coward User ID: 80106981 Germany 03/03/2021 08:53 PM Report Abusive Post Report Copyright Violation | ... Quoting: stinky1 10 yr bond [link to finance.yahoo.com (secure)] And the set up is working. worst sentiment for gold in years. People are goinng to be left holding a giant worthless bag of fiat/bitcoin. [link to www.youtube.com (secure)] Gold is worthless. It can be made in a lab for $2700 an ounce. You havent kept up with the news It will never be a hedge for inflation. You will be the one holding the bag This is simoly not true. At all. Oh? Its not? Thats why going doesnt go up. Its not a conspiracy...smart money isnt gonna touch gold. Remember diamonds? Nobody buys real diamonds anymore they make fakes ones and you cannot even tell. Denial is extreme cope. Crypto is a hedge take your profits on bitcoin before it plunges. there is a reason why most butcoin is owned by american liberals. no one could really deny that they live in a state of constant cognitive dissonance at this point. |
Anonymous Coward User ID: 79889202 Luxembourg 03/03/2021 08:54 PM Report Abusive Post Report Copyright Violation | I love these threads, I really do. They highlight the knowledge gap between 'retail' (you lovely fellows) and professionals. Quoting: Anonymous Coward 80106850 For starters, you all realise that the yield curve represents the risk associated with holding these bonds. The more the yield curve goes up, the greater the risk of holding them, and so the greater the reward, or yield. The risk we are discussing here btw is government default. I know you burgers don't entertain the notion that your govt could default but it is literally inevitable if you zoom out your timescale enough. The more these yields increase the greater chance of that default being imminent. Once it cracks above a certain level, the psychological marker of an aggregate of market participants, volatility cascades happen. In layman's terms, people rush for the exits. What that means in the real world is that entities sell their dollar reserves for whatever is going to hold value better, be it another currency or a commodity. Burgers can't fathom not being king of the castle (maybe banning history books was a bad idea) but this IS going to happen. Because you know what is stronger than behaviourally-conditioned patriotism (you have Hollywood and the Simpsons to thank for that), the drive for profits. The ones who patriotically refuse to believe the USD can fall from its perch are going to be the ones holding the bag at the end. Unfortunately for most of you, you are going to fall into this category. Evidence of this behaviour is highlighted in this thread by months of stubborn refusal to educate yourselves on bitcoin! The irony! Anyway I can tell this has become too many words for most of you to process (in a thread about financial matter no less). I don't know why I bother half the time. Thanks, my brain does hurt after trying to understand all that. But in simple terms, what do you suggest for us lovely retail fellas to invest or acquire at the current time? Stocks, bonds, precious metals, crypto coin, a certain foreign currency, etc? Land. Guns. Silver. Gold. Learn how to do stuff. |
Anonymous Coward User ID: 79889202 Luxembourg 03/03/2021 09:01 PM Report Abusive Post Report Copyright Violation | I love these threads, I really do. They highlight the knowledge gap between 'retail' (you lovely fellows) and professionals. Quoting: Anonymous Coward 80106850 For starters, you all realise that the yield curve represents the risk associated with holding these bonds. The more the yield curve goes up, the greater the risk of holding them, and so the greater the reward, or yield. The risk we are discussing here btw is government default. I know you burgers don't entertain the notion that your govt could default but it is literally inevitable if you zoom out your timescale enough. The more these yields increase the greater chance of that default being imminent. Once it cracks above a certain level, the psychological marker of an aggregate of market participants, volatility cascades happen. In layman's terms, people rush for the exits. What that means in the real world is that entities sell their dollar reserves for whatever is going to hold value better, be it another currency or a commodity. Burgers can't fathom not being king of the castle (maybe banning history books was a bad idea) but this IS going to happen. Because you know what is stronger than behaviourally-conditioned patriotism (you have Hollywood and the Simpsons to thank for that), the drive for profits. The ones who patriotically refuse to believe the USD can fall from its perch are going to be the ones holding the bag at the end. Unfortunately for most of you, you are going to fall into this category. Evidence of this behaviour is highlighted in this thread by months of stubborn refusal to educate yourselves on bitcoin! The irony! Anyway I can tell this has become too many words for most of you to process (in a thread about financial matter no less). I don't know why I bother half the time. Truly wise words. Thanks Aussie! Most won't understand this but some might. I've already seen comments that you made people's brains hurt. I thought it was pretty simple, myself, but then I'm kinda gifted. I've been slowly, over the past 10 years diversifying into PMs (which I hold), guns and land. The land is good but the taxes suck you dry like interest on a loan. Its not too bad if the land is just land but the instant you drive a post, its time for tax theft. Honestly, I've considered some stuff in our southwest thats a lot like your "Outback", is it? Anyways, feel bad for you guys down there with all the silly lockdowns. But, one question, you call us "Burgers"? Where does that come from? |
Anonymous Coward User ID: 80105376 United States 03/03/2021 09:03 PM Report Abusive Post Report Copyright Violation | Read my last paragraph for a REAL education. Quoting: Anonymous Coward 79889202 I know bitcoin (and other cryptos) are not physical in the sense that you can hold them, but, gold and bitcoin have a lot in common. Unlike the Federal Reserve Note, you can't just print bitcoin. Like gold, it must be mined. Also, like gold, in a full on crash, its kinda worthless. You can't eat it. But, when a certain amount of civilization returns after a major crash of some sort, gold and silver will be king. ...and then when a little more of that civilization returns, so will bitcoin. Bitcoin is abstract, yes, but it is finite in the same way gold is finite. The fundamental principles that make gold worth $1700 today is why bitcoin is above $40k. Gold would be 100 times its price if they had not oversold it. For the same reason, the dollar is worth 100 times less than it was in 1930. Since the dollar is also "oversold" or printed, it is also worth less. If an EMP were to hit and destroy the infrastructure, bitcoin would be worthless (for a while). It would return. Gold/Silver would be worthless too (for a shorter while). have invested in things that will have a skyrocketing value when that EMP hits. What is that, you ask? Guns. Tools. Ammo. Fuel. Right now, I have a gun, a HighPoint C9 and 50 rounds of ammo that I can't sell for $100. (HighPoints have a bad reputation but that is usually from people that don't know jack shit about guns.) When the EMP hits, the price of that gun and ammo will sharply increase, pretty much to to moon when the meanness starts. I have 4 ARs. Paid anywhere from $700 to $900 for each of them. The EMP hits and, the doubles or triples (but, I won't take dollars. I would, however, take gold or silver.) The fact is, our dollar-centric brainwashing keeps us from understanding the value of things outside the bounds of the dollar. Here is how screwed up things are. I look at it in labor. I make about an ounce of silver an hour in todays prices. Basically, that is the same as minimum wage in 1960. (about $1.25 an hour). You could take your pay to the bank and get a silver dollar and a silver quarter for every hour you worked. I'm a highly paid IT working. That is what I bring home. $31.75 for every hour I work. That will buy me a 1oz silver round delivered to my home. I'm a highly skilled, highly paid IT worker. Its enough to make you say: WTF! The federal reserve has fucked us, people. Get a damned clue! To make the same, the average unskilled minimum wage worker has to work almost 3 hours for that. You people are complaining about a $15 min wage? It should be $30 an hour, you stupid fuckheads! ...and if that is the case, what should my wage be? Yeah. USGov and FedRes have screwed us all. Its nice to see someone finally explaining this using a solid example based on actual reality. I make close to $30 an hour myself so I have no skin in the game regarding the minimum wage debate. Well I do maybe, being that if minimum wage earners are rightfully brought up to $15 an hour, I (and all of us) can expect our own pay to increase as well to levels which we actually should be at. We truly have been f*cked over, BADLY! |
Anonymous Coward User ID: 80105376 United States 03/03/2021 09:11 PM Report Abusive Post Report Copyright Violation | the yield is back to Friday's panic level. Quoting: stinky1 But we are told big players are getting into bitcoin. And it's a rogue thing free of manipulation, free of governments....sure it is. You are tellinng me those billionaires planninng the great reset in switzerland every year had a fast one pulled over them. They were bypassed with this mysterious new digital coin. suuurrre Hyperinflation folks! Bitcoin is a set up, a mechanism to absorb endless printed dollars. lol i finally get the whole scheme now this new depression will be blamed on bitcoin falling, just watch it and get out of its way Thank-you Romania. Along with bitcoin creating problems...on purpose, silver might be the catalyst. Why such a great effort to manipulate the price low? Why does jp Morgan have 400 000 ounces? why are the biggest names in the silver industry like jeff christian making statements? "We are just going to crash the dollar" It's all a set up for The great reset. The bigger question is why are they allowing crypto to exist with all the downfalls and supposed super-secret nature. (Remember, the US gov't stopped using Blackberry phones because they were TOO secure. And why do they not incentivize owning metals as other countries encourage citizens to do if they really are worried about people not saving for rainy days/retirement? I have always had an assumption about that! Blackberry phones are much more secure than the crap which is popular today. We are all encouraged to use the least secure crap on the market. Which is obvious with widespread use of MicroSoft operating systems for our desktop and laptop computers. Security of MS OS is a total JOKE! |