oh my:
https://www.rt.com/business/321669-china-gold-seabed-discovery/
also, the above charts tie nicely into a message that Daniel was trying to make in his talk and one that i have been following since 2008. and that is, subconsciously, ppl's the world over discard their cash and savings into assets of all kinds. this has been going on for a long time. at least i believe that is a good generalization for those of us living in the developed world. why? b/c we know our gvts have been devaluing cash for many decades now, specifically since 1971 when we officially went off the gold std. that is why real estate primarily and stocks secondarily and everything else on a tertiary basis have played such a big part in the growth of our economies since that time. we all just know that the Fed and other CB's are going to devalue/print to deal with crisis after crisis. thus, all asset classes are pumped up to Hulk like proportions. so why should it all come to and end? well, we are on the verge negative interest rates in this country and already 6 European countries are there. ZIRP really hasn't worked out well for several years now and wealth disparity is increasing. and since the beginning of the year we've seen China and other EM's roll hard with a total wipeout of the Chinese futures mkt. oil is collapsing and so has gold and silver since 2011 when i first called it at the beginning of this thread. those are all signs of deflation.
so why won't it play out like 2008 with both the dollar and UST's rallying? b/c this is a progressive grinding downwards of the fiat model, imo. we are doing a Japan. dollar hegemony has peaked and you just know the Fed isn't going to raise interest rates any time soon and will roll out the next round of QE to save the economy. we are most likely going to witness the dawn of a new reserve currency.
and cuz Bitcoin. the new digital internet money poised to play a huge part in economies the world over. the ironic thing is that i'm still a long term bull on the US economy. why? b/c relatively speaking we still have the most freedoms of any country on the planet altho we seriously need a dialing back on NSA intrusions and police abuse. i'm confident that Bitcoin will actually be the lever that takes monetary policy into the next era by making markets more transparent and accountable. the good news is that we've seen plenty of evidence in Bitcoin World that this is happening, esp over the last coupla years. so while things will get rocky and difficult during the next decline, which could last years, we are poised to rocket out of it from the bottom utilizing the power of technology and Bitcoin.
[doublepost=1447344486][/doublepost]poking it's nose below the 200DMA yet again. and you know what happens if it stays below there:
https://www.rt.com/business/321669-china-gold-seabed-discovery/
also, the above charts tie nicely into a message that Daniel was trying to make in his talk and one that i have been following since 2008. and that is, subconsciously, ppl's the world over discard their cash and savings into assets of all kinds. this has been going on for a long time. at least i believe that is a good generalization for those of us living in the developed world. why? b/c we know our gvts have been devaluing cash for many decades now, specifically since 1971 when we officially went off the gold std. that is why real estate primarily and stocks secondarily and everything else on a tertiary basis have played such a big part in the growth of our economies since that time. we all just know that the Fed and other CB's are going to devalue/print to deal with crisis after crisis. thus, all asset classes are pumped up to Hulk like proportions. so why should it all come to and end? well, we are on the verge negative interest rates in this country and already 6 European countries are there. ZIRP really hasn't worked out well for several years now and wealth disparity is increasing. and since the beginning of the year we've seen China and other EM's roll hard with a total wipeout of the Chinese futures mkt. oil is collapsing and so has gold and silver since 2011 when i first called it at the beginning of this thread. those are all signs of deflation.
so why won't it play out like 2008 with both the dollar and UST's rallying? b/c this is a progressive grinding downwards of the fiat model, imo. we are doing a Japan. dollar hegemony has peaked and you just know the Fed isn't going to raise interest rates any time soon and will roll out the next round of QE to save the economy. we are most likely going to witness the dawn of a new reserve currency.
and cuz Bitcoin. the new digital internet money poised to play a huge part in economies the world over. the ironic thing is that i'm still a long term bull on the US economy. why? b/c relatively speaking we still have the most freedoms of any country on the planet altho we seriously need a dialing back on NSA intrusions and police abuse. i'm confident that Bitcoin will actually be the lever that takes monetary policy into the next era by making markets more transparent and accountable. the good news is that we've seen plenty of evidence in Bitcoin World that this is happening, esp over the last coupla years. so while things will get rocky and difficult during the next decline, which could last years, we are poised to rocket out of it from the bottom utilizing the power of technology and Bitcoin.
[doublepost=1447344486][/doublepost]poking it's nose below the 200DMA yet again. and you know what happens if it stays below there:
