Quote from: altcoinUK on April 21, 2016, 01:02:20 PM

Quote from: TPTB_need_war on April 21, 2016, 08:35:28 AM

There is a very strong correlation.

There is some correlation, but making the projection that BTC will follow the gold price and going down with the gold price is more of a wild guess than a rational argument.

Quote from: altcoinUK on April 21, 2016, 01:19:56 PM

Please note, Armstrong latest blogs about the tangible assets indicate that crypto currencies could have the same role as property or blue-chip stocks, if and when the collapse will come.

Which is why CCs are correlated to the coming V crash slingshot of gold and stocks.

Quote from: altcoinUK on April 21, 2016, 01:02:20 PM

Especially it is a wild guess, because it is not clear at all whether the decline of gold and Armstrong's projection will be materialized or not. The decline of gold price is very much on the table - just like the opposite is. (I am talking about mid and long term).

Armstrong is much more sure than he is going to admit on his blogs. Do you own a copy of his gold report? The main open question is the timing. May/June, August or Q1 2017.

I'd guess it is in the realm of 80/20% odds that gold will decline to lower than $1050.

Quote from: altcoinUK on April 21, 2016, 01:02:20 PM

I fully understand what you say terms of the sovereign debt crisis and the unsustainability of the system. I totally get what Armstrong says and I subscribe to 90% of his analysis. However, you and Armstrong always forget that the central banks, the Troika and the crooks of Wall street are infinitely creative in coming up with all kind of solutions to preserve the status quo. Armstrong could never imagine the central banks will come up with quantitative easing. Here we go, they did and bought another 5-10 perhaps even 20 years and a few elections for the establishment.
Logic dictates and history indicates Armstrong is correct and the system most likely will collapse at some stage, but there are many variables exist which could screw up and do screw up his projections from time to time.

Everything they've done correlated to his timing models, so they haven't extended anything that wasn't predicted.

You seem to not understand they are now trapped. Low interest rates causes a collapse due to bankrupt retirement plans. Higher interest rates collapses the governments due to increase in interest payments on the debt which will explode the fiscal budgets and cause governments to raise taxes egregiously.

It is all coming unravelled and there is nothing that can be done to stop it.

If they print more money, they lower interest rates. There is no way to raise money other than print it or tax for it.

Checkmate.