[The-Shoveler]

Good luck with that.

The difference between the dollar and bitcoin is that

the dollar has the world most power military that ever existed behind it and the worlds richest nation in natural resources.

Bitcoin has basically just an Idea and thin air Underneath.

[The-Shoveler]

reminds me of the sock puppet.

I still have some enron stock if someone wants to buy that from me.

[The-Shoveler]

Without a standing army?

Or hard asset to back it up ?

Well you are a braver man than I.

[The-Shoveler]

Branson is an investor in Bitcoin, so it would make some sense he would try to support it. (it was converted into dollars immediately after the sale from what I understand as well so…)

But If I was a taco cart vender, I doubt I would take bitcoins as payment.

If I had bit coins I think I would convert them into something else as soon as I could, but I am a chicken these days.

[The-Shoveler]

Maybe its just a coincidence but I noticed the SD home price and qcom stock chart look similar LOL.

[The-Shoveler]

I don’t pretend to predict the future either really, I just look at the obvious no one seems to want to talk about LOL..
Also I can generally tell when things are way way out of wack.
Other than that I am probably useless for future predicting.

[The-Shoveler]

I think flu got it right

New boss = old boss.. Same old same old…

I also think a repeat of 2010 is unlikely.

(local municipalities coffers have not recovered enough yet, unlikely they will let a significant downturn occur “greater than say 10%” without full QE in over drive). Anyway JMHO.

Stocks and house prices are just a means to that end.

[The-Shoveler]

I really hope Fuel-Cell-V’s (and even pure EV’s) become cheap, I just have little faith that they will, the tech is always perpetually 5 years away, it never seems to come to fruition (been like that for at least 15 years – think Ballard Power), meanwhile 50 MPG Hybrid’s are here today and cheap today. (some under 20K)..

[The-Shoveler]

Hybrid’s will rule the day I think.

I really hope his dream comes true but I think cheap Pure EV for the masses are a long way off.

Same for Fuel-Cell-V, its just way too expensive to get reliable cars that can be driven all day/night long, Parked less then 5 hours and do the same thing the next day (would need to get to less than 25K to hit the mass market IMO).

100 Miles is nothing when your trying to shop and get stuff done.
3-5 dollar gas is going to be around a very long time as well IMO.

[The-Shoveler]

I don’t know, kind of a dangerous Idea this bit coin is.
Kind of like opening pandora’s box.

I don’t know if people can take the knowledge that the whole economy is basically just a concept.

But then again it has no standing army.

[The-Shoveler]

They will only let it crash when they figure they have enough of a safety net in local state coffers.

need to be able to fund pensions, basic services and police or Chaos will take over.
Anyway IMO.

[The-Shoveler]

I can’t tell if china became us or we became them,

” state run capitalism”

seems to me we have been a “state run capitalism” for at least 25 years, but maybe it’s just me.

Were just a little be better at not making it look obvious.

[The-Shoveler]

At bit simplistic If you ask me,

It left out the huge inflation caused by Vietnam war in the 70’s and boomers coming of age etc…

It left out the huge role Owners Equivalent Rent played in the housing bust of the late 80’s and 2007-8 and the huge role it played in reducing inflation etc…

The outsourcing of the 90’s and the Rise of the machines currently being experienced.

How adjusting (or not adjusting ) minimum wage effects inflation/deflation (it’s not just credit and/or printing).

There are a lot of knobs and switches.

Just a little too simplistic.

[The-Shoveler]

I would even go so far as to say almost all financial downturns are planned (or at least known in advance).

[The-Shoveler]

I don’t know I still think his real identity is really “ManBat”

[Author]

Posts