Bitcoin
Simon sent out emails yesterday just got time to watch most of it.
He preparing people for a Bitcoin crash.
To get in a position they don’t need to sell their Bitcoin after the fall. Basically if they need money to live sell now plus to cover taxes so they don’t have to sell all of it at the lows when they should be buying and hold the rest. Good info for newbies.
Mr Copper
People have been refying their houses that went up in value and with it the taxes went up that will likely take the money they got in the Refi and then some if they plan on staying.
Goldilocks re People say including Armstrong that the government will shut it down.
Right. Why would they try to shut it down give up a tax opportunity. Cryptos are a great diversion imo. We don’t needs tons of unspent excess useless paper money flowing into important commodities, metals, food or fuel etc. Its bad enough some goes into real estate in some places. Then the assessed value goes up, and the idiots raise the property taxes. Then all the cops and teachers want a raise to cover the taxes. I’m amazed things are going this good. Funny in some places R/E prices are dropping, I doubt they lower the property tax.
Mr Copper
Yes it is growing. People say including Armstrong that the government will shut it down. Why would the give up a tax opportunity. If anything they’ll try to copy it. They tried to shut it down I’m China and it grew bigger went way up in other places instead.
Of the informed don’t keep them in check and preserve our constitution who will?
I think this is a good example of give me liberty or give me death. What’s the use of living if your locked up in your basement or held hostage to have to give up you liberties and possibly life in the attempt to get them.
Yet in California it’s no longer illegal to knowingly give someone AIDS which is 100 percent deadly across all age groups.
Mr Copper
Right I agree. That’s while crypto is not going anywhere right now.
@Goldilocks
Remember Enron? The dot com bust? And all the other big losses? Everybody lost lots of money. He was just acting like a little gov’t, and cheated to keep the ball rolling. Right now the Gov’t has low rates, and keeps running up the credit card to avoid a MEGA Bernie Madoff. If this $30 trillion national debt growth hits a tipping point? Bernie’s investors losses with look like chump change.
Its a casino economy, no matter WHERE you park it. Bonds? That’s the biggest global safest? receptacle of all time. What if the Dollar and all paper money suddenly hits a tipping point. Bernie will look like 10 cents.
Mr Copper
These digital like gold will be buy on the dips. Coin base IPO just shows you that digital currency isn’t going anywhere just yet despite old school that knows it’s Monopoly money. But then look what they did to paper currency. Put your trust in them a the Biden admin because it’s your duty to give away your money to bail them out every so many years. Just another tax op for the government.
The left reminds me of con artist type car salesmen selling you a lemon. Known for mechanical problems, lack of proper maintenance , too many miles on it with a salvaged title and call it the Biden model.
Mr Copper
That doesn’t excuse Bernie for what he did to peoples life savings plus no recourse like going short to cover or recover. They didn’t even know what was happening until it was too late.
At least with the rest of the scam artists you can still profit if you can stay one step ahead and remember not to believe them or their ideas just take advantage of the temp ups cuz they’ll take you to the cleaners.
Coinbase Global ticker COIN, The Latest Shiny New Paper Money Receptacle Condom
They better create more of these things right away, or they’re going to have another 1929. After 1913 started, a lot of excess paper money went into commodities, which caused over investment, aka malinvestment, and over production, then prices all collapsed.
And took a bank holiday, minimum wage and maximum hours act, banning gold ownership etc. It recently happened with Oil. High price = more production = surplus = crashed price from $145 to $28/bbl.
Get a new recliner, and get some pop corn, and enjoy the show.
@Maddog re Bernie
In the beginning he was good, ok, its just after things started collapsing I guess after dot com bust and 9/11 that he was kind of screwed and had no choice. Then real estate foreclosures started. ’06 ’07’ 08? Finished him. Plus the gov’t and everybody knew, but didn’t do anything about it. Keep the game going.
Like when the tide goes out we see who didn’t have a bathing suit on. When that real estate and market bust started, everybody went to cash, wanted a return of their money all at the same time. So that finally ended him. And the old system.
The gov’t was looking the other way on LOTS of things before 2008 to avoid and delay problems. The BOZOS were giving no doc sub prime 105% liar loans to the masses after 9/11 to avoid and delay reality. Until they stopped paying. LOL in ’07.
The real estate thing Fanny ma, the Bonds, buy out GM on and on were all a far far bigger situation than Bernie’s situation. And absolutely nobody went to jail. Just him. Poor guy. At least he had a lot of good years.
Mr Copper
I have one of those steel stocks and it’s only up 27. something percent. I got in early though. But at least it’s up unlike our love to hate sector right now.
Mr.Copper
Bernie ran a pure Ponzi scheme, the guy was as bent as all hell, no worse than most Wall st scum, these days, but a pure crook.
He never put a penny in the mkt, made it all up….His accountant had a 1 room office, that u couldn’t swing a cat in….just him and a secretary.
FYI It Looks Like Panic Buying In The Steel Sector
Nobody will think you are cheating on Gold if you nibble in a little over there during the Gold boredom since August 2nd. We may have a double bottom here though.
Steel tickers? SXC, X, TMST, CLF, SID, NUE, the whole mess of them have been in 10-15-20 declines like Gold was 1980 to 2000. For the past 6 mos, they are 80% to 180% up.
Maddog
I’m sure JPM made a fortune off of him … by looking the other way!
Buygold @ 10:41
Sounds like a USS Maddox type situation.
You know I was thinking, there’s been multiple attacks but no ships have been sunk … at least lately. Gotta figure the parties are holding back, there’s boundaries, at least for now.
DRUGGIES
The latest info I have is the DRUG companies are getting paid by Government about 60 BILLION a year each ! and one of then is the same company that gave us Thalidomide .they should have gone out of business .That was the drug that caused babies to be born without arms & LEGS …..NOW the GOVVY gives them 60 billion a year to make unproven covid drugs .So much propaganda to make a buck and then they make it so they cant be sued by unfortunate victims !
Its blood clots the current problem ,but you cant sue them..! On top of that the people in charge for the GOVVY have a FINANCIAL interest in these unproven drugs ..incredible conflict of interest. When dealing with LAWYERS and DOCTORS the first question you need to ask them is Do you have a conflict of interest with your patients or clients and how YOU make money ?
Ororeef @ 10:03 I Feel Sorry For Bernie Madoff
He was just another victim of the same things us gold bugs have been dealing with for decades. The instability, and unpredictability, of an artificial man made manipulated financial system.
I remember hearing him saying something like….”I should have taken that $156 million loss”. But instead, he took a chance and figured a recovery, but things got worse instead. And it became a “point of no return” situation.
He didn’t realize, imo, that the game that started in 1913, finally ended in 2008. Because of 9/11/01. And what ever people were getting away with in the long term pre 2008 past, was over.
And that poor guy was the first one to find out. Many others came after him.
Ororeef
They do similar to us in the UK. Once u hit 70 u lose yr licence and have to reapply …and answer all sorts of medical questions…..
Ororeef 9:57
And no road rage either. Lol
I hope you were not thinking I was accusing you of anything.
I think think what’s going on there is rather ridiculous according to your description. Getting kicked out and now having to apply every year.Sounds like age discrimination to me.
They are trying to eliminate as much jobs as they can in order to go all electronic. Next thing we’ll have virtual robots doing our drivers test and like you mentioned have to go to the eye doctor for a vision test instead.
Computers can’t do everything yet anyways thank goodness.
When going on line over a car payment and trying to get a pay off amount the site was all messed up.
I called and since now after Covid would be on hold for awhile I had a option to text them too. Good thing I didn’t hang up. I got a computer that said Hi I’m Nancy I’m your virtual assistant. I told it I wanted a agent but didn’t get one till the next day.
Since the crook who ran the dealership is shut down and on the run there were questions Nancy couldn’t answer.
I don’t think any of these people realize a experiment is going on in the name or excuse of climate change but really downsizing for profit and many of their jobs are at risk.
Buygold
The missile may have missed, but it has put a rocket under Oil……
U now have potential for serious trouble around Hormuz, Ukraine and Taiwan….with a totally compromised senile old fool in the White house, in charge of stopping it all.
This time the scum have bitten off far too much…..
ipso facto
Re Bernie
JPM sure knew…remember they were his ONLY banker…….they never sent a broker a penny, to buy stocks during the entire time, or received a penny from a broker ….and his ‘Fund’ was supposedly a pure stock fund…….
Then again he was Chairman of the Nasdaq at one point….and still had never bought a stock !!!!!!