Crypto assets inspire new brand of collectivism beyond finance

Started by OZER, Dec 29, 2021, 10:51 PM

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These regulators don't stand for Americans they refuse to

How about this. Wallstreet needs to get titans together to help deliver vaccines to the rest of the world otherwise we will continue to have these variants hitting growth every so often. Is it going to be in the next three months that another variant causes another major sell-off and growth slow down?

They're talking about run-of-the-mill inflation driven by wage-price spirals, and saying that's how you get an inflationary spiral. In my mind, that's not the only way. We have a fiat currency and it's value is really derived from people's faith in it's value. You can print money and encourage borrowing etc, but much like stock market bubbles, there is a tipping point in there when all the feedbacks turn from negative to positive.  Normally, you hold money, it holds it's value, there's no real push to gain or spend it. If you think inflation is going to increase, it now becomes a hot potato that you want to spend as soon as you get it. You do this by buying useful assets like houses, land, food, things you need. When everyone does this it drives up the price, which would normally dampen demand, but if the expectation that money will continue losing value and the price will only increase, then the price doesn't matter anymore. Sellers can ask arbitrarily high prices. But who's going to sell into this and accept that money? Thus supply goes down at the same time demand goes up, further exacerbating the situation.  The government has been pumping new money into the economy to try and stimulate it, yet velocity stays low. Who needs to spend all that money under normal circumstances? But what happens when it all starts losing value? All that "cold" money suddenly turns hot, and the *effective* money supply suddenly increases. Meanwhile, everyone is also incentivized to borrow as much as possible to "short" the currency, further increasing the supply. But who wants to lend into this? The credit market slows, and the government steps in as "lender of last resort" again....using printed money.  Meanwhile, the massive amounts of money tied up in the stock market suddenly need a new home. I mean, who wants to hold a stock when all you can get out of it is increasingly worthless money. You paper gains are impressive, but it's only a reflection of the fact your asset is losing value, because the only value it has is denominated in dollars (rather than any kind of tangible use).  I mean it goes on and on. Wage-price spirals may be a part of 'normal' inflation but they don't really play into hyperinflation.


They have no business regulating risk who the hell do they think they are?


What about the people who suffer from identity theft? I know it is a huge problem and people suffer lifetimes with soc sec numbers that are flagged accordingly and struggle to even get a free gas card. What is the policy on this. What about people who do not access the internet.

rint about 10% of new money every year to have stable inflation (US and every county on earth done it for 100 years) and not get into a deflation spiral. In the last year, there was printed exactly 10% of the money supply of 2020, so in last year the US printed the exact amount of money they should.   

haha sure, it's nothing to do with the chinese housing market collapse... it's covid :)

I hope crypto crashes hard because I need a GPU. it's been disrupting GPU supply for years now. it has to stop.


As long as you don't have 15 percent  for more than one or 2 years we will be  ok . I remember the earlier 1980s  wear thar said inflation was 10 percent  it was much higher than that businesses were closing all over the place people would not buy anything until they could get a great price like at a store closing it was bad .


only way to stop it is to turn the printers off stop printing money its been proven no inflation when they turn printers on it starts back up now its to late 850 trillion been printed that all us bills in the world on top of uk printing money china printing money to much been printed 2 ways stop the printing let inflaion run its course crash or raise rates housing will crash forclosers sky rocket then crash ether way only way for evrrything to lvl back out is a crash and we will defult on the debt

Can somebody please........explain to me........why some Board Members keep conveniently waiting to "reclaim their time back" on my man Mr. Alliare when he droppin some knowledge!!?!  Every time he gives a solid rebuttal to one of their concerns they wanna cut him off! I'd be sick yo, they betta let that man speak