Quote from: LemonAndFriesOne on May 05, 2016, 04:11:32 AM

Quote from: fuze0000 on May 05, 2016, 02:02:54 AM

Quote from: LemonAndFriesOne on May 04, 2016, 11:24:56 PM

Quote from: fuze0000 on May 04, 2016, 08:45:34 PM

Quote from: uqaz on May 04, 2016, 07:49:10 PM

Quote from: LemonAndFriesOne on May 04, 2016, 07:23:10 PM

Quote from: fuze0000 on May 04, 2016, 06:58:48 PM

Quote from: LemonAndFriesOne on May 04, 2016, 03:42:24 PM

Quote from: fuze0000 on May 04, 2016, 03:30:33 PM

I believe a kickstarter for a localbitcoins alternative that is just at anonymous if not more than would be great! Start off supporting Bitcoins/Lisk/Litecoin/Darkcoin/Ethereum or any cryptocurrency that has at least $40 million in total Marketcap will attract many users. Especially with the possibility of the USA economy going into another recession if not depression. Cryptocurrency to cash and cash to cryptocurrency is very popular. (security and privacy comes first!)

So where did you read there's another recession coming?

1: http://www.bloomberg.com/news/articles/2016-03-04/jim-rogers-there-s-a-100-probability-of-a-u-s-recession-within-a-year

2: http://www.investopedia.com/articles/investing/071515/6-factors-point-global-recession-2016.asp

3: http://www.washingtontimes.com/news/2016/jan/18/richard-rahn-the-recession-of-2016/

4: http://www.zerohedge.com/news/2016-04-08/greater-depression-has-started-comparing-1930s-today

The USA media is highly prone to scare tactics to get more views/sales/etc.

I don't see any statistical data from reputable sources, just a bunch of one man opinions and doomsday sayers.

The housing section has actually seen an increase in sales recently, sure wages stay the same while prices go up. This does not mean the USA is heading towards another recession.

Really?

Money Velocity:
https://research.stlouisfed.org/fred2/series/M2V

Baltic Exchange Dry Index (BDI)
http://investmenttools.com/futures/bdi_baltic_dry_index.htm

Comex Gold ratio:
... (never mind, you wouldn't believe it anyway)

Wait, this one is cool:
USD Index

That babe is going to 70-ish!

You are willfully ignorant!
The USA interest rates are almost in the negatives!
http://money.cnn.com/2016/02/11/news/economy/negative-interest-rates-janet-yellen/

Good luck to you.
I hope I am wrong but I am not.

again, if you live in the USA you know better than to trust cnn Grin

It is official no matter what is said you won't change your mind or give anyone any credit for the points that were made.
I understand your personality type and there is not much to learn from you in life. I am just glad that I purchased a more than a few bitcoins of LISK during the ICO. I am always thinking long term and not late to the game.

I wish you well in life.

I'm just saying, googling a random phrase and putting up the first websites that pop-up do not count as credible sources. Especially when you are trying to debate with someone that has first hand experience by living in the country you are trying to be critical about.
Again, all the sources you have listed are known to try and push fear mongering amongst the masses. Come up with some scholarly articles and papers from actual experts, not just pundents/opinion makers.

Shadowstats, http://www.shadowstats.com/alternate_data , uses the original formulas to calculate CPI and other figures before they were changed in the 1990s to make things look better. The US has actually been in continuous recession for a long time, but it has been masked by a massive increase in money supply which has been used to prop up the stock, bond, and real estate markets with negative real interest rates (interest - actual inflation = negative interest of around -4%).

Anyone who buys food and other items in the US sees this. Food prices are up 50-100% over the last 10 years. Package weights have steadily decreased since 2008. As an example, I have seen Ritz crackers go from 16 oz. to 13.2 oz over the last fiver years. When I first noticed the Ritz have 2 different box sizes with 16 and 15.1 oz, I asked the checkout clerk about it, he said a lot of products were downsizing. I last saw this in the mid 70s - especially candy bars. Airlines mask inflation by reducing leg room to add seats and charge fees for luggage, food, much more for alcohol, and 'fuel' surcharges. A lot more of the inflation has been exported from the US to other countries with export economies, which continue to devalue their currencies to match the devaluation of the dollar to remain competitive.

The so-called experts from academia all drink the Keynesian Koolaid since they will not keep their jobs otherwise. Paul Krugman is an idiot. Monetarism and Keynesianism are just two sides of the same silver plated copper coin since money supply is increased by creating government debt.

I did hear a very good point, though, at a recent Ethereum meetup regarding money from Steve Waldman's talk, http://www.meetup.com/EthereumSiliconValley/events/228772099/ . His observation is that what gives money value is it purchases human behavior. I didn't agree with his dismissal of gold as an obsolete form of money, but I also don't see gold has having an intrinsic value beyond the belief people have in it to store value - it just has a much, much longer history than fiat or crypto of being universally accepted, the supply of physical metal can't be arbitrarily created like fiat, and it doesn't rely on modern technology to be usable, like crypto.

The dollar as a reserve currency is propped up by it being required to buy oil. Oil producing countries which start to accept currencies other than USD end up with regime changes. Russia is too big for this, so instead they get drawn into a conflict in the Ukraine and the oil markets are manipulated to crash the price of oil. The dollar is on the decline as the single global reserve currency as the BRICS countries and Asian countries continue to develop alternatives to SWIFT, BIS, and the IMF. It seemed like the dollar was the stern of the Titanic popping up out of the water, with the Euro at the bow, before the whole thing goes under (physical gold and silver are the lifeboats), but now it is more like they're flooding all the compartments with currency devaluations so it all sinks on an even keel in a race to the bottom.

The negative interest rates are really hilarious. I can imagine the 'experts' writing more numerical fiction, trying to plug negative numbers into their log functions as they attempt to model an economy with negative interest rates.