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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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mkeiyd wrote:How does this bitcoin thing work? Who is the issuer? Who will control is supply? Is it immune to inflationary pressures? It presents more questions than answers to me. Learn about Bitcoin$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Member Joined: 8/16/2012 Posts: 660
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hisah wrote:mkeiyd wrote:How does this bitcoin thing work? Who is the issuer? Who will control is supply? Is it immune to inflationary pressures? It presents more questions than answers to me. Learn about Bitcoin & http://www.wazua.co.ke/forum.aspx?g=posts&t=23805Live and learn; and don’t forget, nothing ventured, nothing gained.
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Rank: Member Joined: 11/13/2006 Posts: 551 Location: Nairobi
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Sovereign debt will deserve the label "risk free" when governments formulate and actually implement plans to pay back the debt. "You know the old rule of thumb about laws– The more high-sounding the legislation, the more destructive its consequences. Case in point, HR 3293– the recently introduced Debt Limit Reform Act. Sounds great, right? After all, reforming the debt seems like a terrific idea. Except that’s not what the bill really does. They’re not reforming anything. HR 3293′s real purpose is to authorize the government to simply stop counting a massive portion of the US national debt...." Read more: http://www.sovereignman....nting-it-anymore-12951/
Discussions in the U.S. are to not only default on Social Security and Medicare but to also confiscate pensions. "Ireland, Hungary, Poland, Cyprus and other countries have seized pensions as part of move by governments to use long-term assets to fill “short-term deficits”. Russia has “temporarily” seized private pensions while it carries out “inspections”. But certainly America would never seize our pension funds … right?" Read more: http://www.washingtonsbl...-for-over-a-decade.html
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Rank: Member Joined: 11/13/2006 Posts: 551 Location: Nairobi
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The ruling political class in Europe preaches austerity to crisis hit nations such as Greece, yet continue to live like royalty. Preach water and drink wine. This in the region that spawned democracy. The days of the statesman are dead. “It is the highest impertinence of kings and ministers to pretend to watch over the economy of private people and to restrain their expense, either by sumptuary laws, or by prohibiting the importation of foreign luxuries. They are themselves always, and without exception, the greatest spend thrifts in the society. Let them look well after their own expense, and they may safely trust private people with theirs. If their own extravagance does not ruin the state, that of their subjects never will.” - Adam Smith Wealth of Nations 1776, Book II, Chapter III, Of the Accumulation of Capital, or of Productive and Unproductive Labour "The reason of the great passion of politicians for the EU is the possibility of a new, lucrative career, Who creates as EU parliamentarians or officials to jump into the circle of EU Illustrious is in safe financially. The European taxpayers allow the politicians a life of privilege, amenities - and without any control. Report from the madhouse..." Read more: http://translate.googleu...BL01cOFj2WzJhOyVbhM393Q
"An ostentatious palace in Brussels with the name "Europe" currently exceeds all financial targets: The new building of the EU Council is completely out of control. The opening had now officially postponed. There is no control of construction costs by donors - the European taxpayer. On the EU website is an outright lie to the construction cost. In Brussels created a gigantic monument of megalomania...." Read more: http://translate.googleu...pUII4Y-9htvVEXFHzCGoTdg
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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This Syria issue has more than meets the eye background - http://www.reuters.com/a...N0IC2CP20131023?irpc=932$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 3/19/2013 Posts: 2,552
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Rank: Veteran Joined: 3/26/2012 Posts: 1,182
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hisah wrote:mkeiyd wrote:How does this bitcoin thing work? Who is the issuer? Who will control is supply? Is it immune to inflationary pressures? It presents more questions than answers to me. Learn about Bitcoin @hisah. It reads like sci-fi. I hope with time, it will get "simpler" for my mind.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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 BRICS "independent Internet" to accelerate after Snowden's NSA blow out - http://mybroadband.co.za...t-plans-with-brics.html
Quote:The BRICS cable system is making headlines for creating an “independent Internet system” where people in the BRICS nations (Brazil, Russia, India, China, South Africa) will be able to communicate without their traffic passing through a Western nation.
The BRICS cable will link the BRICS economies through a cable system which stretches from Fortaleza in Brazil to Vladivostok in Russia on the Pacific coast.
The 34,000km BRICS cable system, which will offer 12.8Tbps capacity between the five developing economies, is nothing new. It has been in the planning and feasibility stages since March 2011. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 7/22/2011 Posts: 1,325
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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[quote=Nabwire] Cde I think you will like this  http://www.youtube.com/watch?v=D0OK2sGiZs0[/quote] Thanks. Let's see...
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Rank: Elder Joined: 5/21/2013 Posts: 2,841 Location: Here
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Major BitCoin theft from website.Life is like playing a violin solo in public and learning the instrument as one goes on.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Bitcoin at Record, Senate Seeks to Discuss
Virtual Money@KK - this bitcoin momentum has made the chicago fed release a writer up called 'Bitcoin: The Primer'.
Bitcoin is now getting attention of the solid money masters with ECB already calling it a ponzi last year.
It'll be interesting to see how a stateless currency will be manipulated by the money masters as the herd starts to piles in.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Venezuela 'Occupies' An Electronics Chain To Offer Lower PricesQuote:Venezuelan President Nicolas Maduro essentially nationalized an electronics chain in order to "protect the middle class."
Maduro then ordered the "occupation" of a five-store chain called Daka and said his government would reprice its products so they were fair.
El Universal reports that the owners of the stores have been detained and that Maduro also said that his government is preparing a "special operation to protect the right of our people to buy themselves a little car."
This OPEC member country is in a madness status post Chavez. #Chavez withdrawal syndrome... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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These days it's so easy to spot the PM (Gold and Silver) market manipulation and the hidden hands are not even bothered about hiding it any more. Are they getting desperate Comex New York gold close on Nov 7  Comex New York gold close on Nov 8  #same time on diff days banging down the price... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 3/19/2013 Posts: 2,552
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Rank: Member Joined: 10/19/2009 Posts: 671 Location: Nairobi
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Perfect place to go for holiday right now. Four months ago I was there, things were 'dirty' cheap and I couldn't resist to 'overshop'. Tourism at the major Greek Islands also very affordable. I agree with this comment from that article; QUOTE: " I feel bad for the ordinary Greeks, but can someone explain why, in today's economy, deflation (falling prices) is a bad thing? Shouldn't that be a good thing?"
Life is joy, death is peace, but the transition is very difficult.
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Rank: Member Joined: 11/13/2006 Posts: 551 Location: Nairobi
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The Nairobi Securities Exchange 20-Share index has now completed a 172 trading-day sideways consolidation pattern, setting up a thrust above the 5000 level after 3 previous attempts. During the Global Financial Crisis, the Dow Jones Industrial Average Index fell for 17.2 months. The numbers 172 are present in both instances. Read more: http://www.scribd.com/do...hare-Index-Breakout-doc
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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karanjakinuthia wrote:The Nairobi Securities Exchange 20-Share index has now completed a 172 trading-day sideways consolidation pattern, setting up a thrust above the 5000 level after 3 previous attempts. During the Global Financial Crisis, the Dow Jones Industrial Average Index fell for 17.2 months. The numbers 172 are present in both instances. Read more: http://www.scribd.com/do...hare-Index-Breakout-doc
I'm waiting for the break above 5100 before solid bullish continuation. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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webish wrote:Perfect place to go for holiday right now. Four months ago I was there, things were 'dirty' cheap and I couldn't resist to 'overshop'. Tourism at the major Greek Islands also very affordable. I agree with this comment from that article; QUOTE: " I feel bad for the ordinary Greeks, but can someone explain why, in today's economy, deflation (falling prices) is a bad thing? Shouldn't that be a good thing?" Deflation is bad if your economy is 70% powered by consumerism. Deflation shrinks credit supply. This shrinks purchasing power (austerity by gubberment, consumer spending cuts, bankruptcy, jobs destroyed etc). The economy tanks since the blood (credit) is no longer sufficient to power it up. Since most economies these days have taken to consumerism esp in euroland and US, deflation is a nightmare for the central banks and treasury heads in gubberment. Thus the endless QE to stimulate and defeat by all means necessary that ugly deflation monster.
Well this QE thing has introduced other cancers which are going to worsen the deflation nightmare in future, but that is another topic.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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hisah wrote:webish wrote:Perfect place to go for holiday right now. Four months ago I was there, things were 'dirty' cheap and I couldn't resist to 'overshop'. Tourism at the major Greek Islands also very affordable. I agree with this comment from that article; QUOTE: " I feel bad for the ordinary Greeks, but can someone explain why, in today's economy, deflation (falling prices) is a bad thing? Shouldn't that be a good thing?" Deflation is bad if your economy is 70% powered by consumerism. Deflation shrinks credit supply. This shrinks purchasing power (austerity by gubberment, consumer spending cuts, bankruptcy, jobs destroyed etc). The economy tanks since the blood (credit) is no longer sufficient to power it up. Since most economies these days have taken to consumerism esp in euroland and US, deflation is a nightmare for the central banks and treasury heads in gubberment. Thus the endless QE to stimulate and defeat by all means necessary that ugly deflation monster.
Well this QE thing has introduced other cancers which are going to worsen the deflation nightmare in future, but that is another topic.
Does this mean goods are sold at a loss? Surely the cost of production cannot be the same as that of 1960 "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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