New record for the monetary base, almost 50% higher than Obama's peak.

Schiller PE just shy of dot com bubble high.

How long can we defy the laws of economics?

hedge said:

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Don't worry we'll just print more money

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Brilliant

Hendrix said:

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this is why i'm in crypto a little.

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Lol, that's a pretty good line

Crypto is going to keep going up until they outlaw it.

BTC at 200K by 2022.
Book it.

Old McDonald said:

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can't wait to buy the dip

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Worked out great in the last decade of 20s

This is actually a good thing for bitcoin.

Btfd.

administrative errors said:

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This is actually a good thing for bitcoin.

Btfd.

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Why is it stuck then?

Cassius said:

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New record for the monetary base, almost 50% higher than Obama's peak.

Schiller PE just shy of dot com bubble high.

How long can we defy the laws of economics?

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Only as long as the military can force other countries to play along. Once they can't, everything falls apart.

ac04 said:

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Cassius said:

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administrative errors said:

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This is actually a good thing for bitcoin.

Btfd.

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Why is it stuck then?

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yeah, why is bitcoin only up 1000% in the last 13 months?

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Down 12% in last month. See how that works.

touche. consolidation is healthy, still macro bullish.

slyfox07 said:

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Also, anybody buying or building a house right now is insane.

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I'm building right now. Got the price set before rates started up and lumber was still moderately sensible.

FrioAg 00 said:

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You better be watching your builder like a hawk, because he's likely trying to make up losses on this one

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Yeah, he may get 50% through the project and decide to walk away.

DallasAg 94 said:

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slyfox07 said:

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Also, anybody buying or building a house right now is insane.

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Right before the housing bubble burst, I told my wife I wanted to short our house.

The idea was to sell the house... live in an Apt for 6-12 months and then buy a house in the neighborhood for much less than we sold.

There ended up being 2-3 houses per street in places in Allen, where the builder was selling a 4K sq' house for less than $350K. Those houses were at $800K 3 years later.

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I sold my house in 06 and left the country with the money. When I came back I still had to rent for 18 months and bought at the beginning of 2010. Potentially moving in the near future and will not buy for a little while.

Inflation is already rearing its ugly head. Prices of almost everything are going up.

My Name Is Judge said:

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Old McDonald said:

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can't wait to buy the dip

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So you vote democrat knowing things will be destroyed & then swoop in like a vulture?

Well at least you're smarter than most of the rest on your team

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i invest the same amount every month and hold, regardless of which party is in power

it's worked out pretty well so far, so i just tune out the chicken littles predicting doom and gloom all the time

Get ready

Cassius said:

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administrative errors said:

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This is actually a good thing for bitcoin.

Btfd.

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Why is it stuck then?

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The price action makes me happy.

I bought on the way up between 22 and 40, sold a bunch at 55, bought it all back at 50, sold most at 60.5, bought it all back at 50.

I could swing trade that forever.

Crypto will work until FedGov decides to shut it down, which it can do whenever because these currencies are the primary exchange of dark web. So, enjoy the ride. I'm out.

second, and more important:

minimum wage based on inflation should be $26.00 / hour. Let that sink in. Working for anything less is a net loss. Main Street wages are too low to support the Fed and Wall Street induced inflation. This is going to blowup very soon. 2008 will be a Clown Show compared to what is going to hit.

Gold and silver for the win!

hedge said:

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Don't worry we'll just print more money

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This is why I feel like I live in a Monty Python sketch

vansprinkle said:

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FrioAg 00 said:

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You better be watching your builder like a hawk, because he's likely trying to make up losses on this one

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Yeah, he may get 50% through the project and decide to walk away.

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. That fear is why we canceled our project before breaking ground. No clue where this goes.

administrative errors said:

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This is actually a good thing for bitcoin.

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How do you get Bitcoin? If you buy it with the dollar and the dollar has no value how does Bitcoin have value?
Just curious?

Old McDonald said:

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My Name Is Judge said:

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Old McDonald said:

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can't wait to buy the dip

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So you vote democrat knowing things will be destroyed & then swoop in like a vulture?

Well at least you're smarter than most of the rest on your team

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i invest the same amount every month and hold, regardless of which party is in power

it's worked out pretty well so far, so i just tune out the chicken littles predicting doom and gloom all the time

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It worked out well because the bulk of your stocks are American companies practicing capitalism in the most prosperous country the world has ever known.

But Cubans and Venezuelans buying and holding stocks in their countries resulted in poverty with a net worth of zero. I mention that because the politicians you vote for are trying to impose here, the exact same systems of government, communism, socialism and one party rule as Castro and Chavez/Madero imposed on Cuban and Venezuelans respectively.

You know why communism and socialism fails every time? Because there's no money in it. People the government pretends to pay, pretend to work. Communism and socialism produce misery and death.

Guess who started the trend of deficit spending?

It rhymes with Pronald Preagan.

Fundamental unit of value is labor. NOT capital.

Only universal unit of exchange with inherent value is gold and silver. That's it, and silver is relatively easy to
mine. This is because they are desirable across time, environment, and culture.

What would the dollar - backed only by thin air and FedGov promises - be without its status as the global reserve currency? What happens when that falls? Exactly what happened to Quaddafi when he tried with a gold backed currency - violence.

And, related: when the only thing that holds a people together is a currency, then you know our "country" is a Clown Show, and not a real country.

AggieDub14 said:

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Guess who started the trend of deficit spending?

It rhymes with Pronald Preagan.

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Monetary base is not part of the debt or deficit spending. It's literally printed money when the Fed buys securities from the banks.

AggieDub14 said:

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Guess who started the trend of deficit spending?

It rhymes with Pronald Preagan.

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Why tell a lie that is so easy to disprove?