Quote from: r0ach on January 19, 2017, 03:39:51 AM

Other interesting stuff:

Some interesting perspectives there and strangely enough, I could only smell the big fat Reefa u been tokin on when I read the Bitcoin conspiracy article. Bitcoin's days are numbered r0ach. Sure, will probs go way higher still, but it is totally owned by the Chinese by now and the PBOC could switch it off tomorrow if they had the mind to. No serious Western capital is going to invest in something that is owned and run by a bunch of shady Chinamen operating out of Shanghai, but at complete mercy of bureaucrats in Beijing. If this was the NSA' secret plan to float an alternative currency now that China, India etc are owning all the gold, then they have surely fucked this one up.......quite like the idea of Bitcoin being an NSA project though. Certainly all the cryptography used in Bitcoin was developed by military intelligence. If Bitcoin is NSA, then it is a pilot for the global digital currency that is yet to come.

In the short term, Bitcoin is a highly volatile digital token offering the minority, great profit taking potential. In the long run, Bitcoin is nothing.

In the long run, gold is wealth. No matter what 'they' do to it's price. Regardless of whether financial markets even exist or not. Gold is wealth, down to it's atomic, and subatomic physical nature. Gold is the ultimate representative of the law of attraction in the physical world. Humanity will always come back to it. Indeed, it is only Western man who has (temporarily) rejected it. China and India, who make up over 35% of the global population, certainly don't view the yellow metal as a 'barbarous relic'.

as for the big crash of 201X....I am not so sure how it will play out. There have been Trillions of new USD created to plug the black holes of debt generated by the large financial institutions. This money is generally going into government bonds (as prerequisite of bail out deal), and using these bonds as collateral, the banks are lending (creating) new money which is overwhelmingly going into stock markets. Government policy across the Western world, has been austerity. The FEDs, BoEs, EZBs (etc) created trillions are NOT going into Main Street.

However, now we have President Donald J Trump.

Whatever you think of him, he is anti-globalist, and pro nationalist. He has made his fortune in property. Vast swathes of his total net worth is in property. The last thing he is going to allow on his shift, is a massive market crash, which will take property down with it. I suspect that Donald Trump is going to spend big on infrastructure, having the banks lend the US government some of that magic money, which is going to flow into Main St, which is going to push up prices, and with interest rates already so low (Trump is 100% pro cheap money), holders of fiat currency, i.e. savers are going to be heavily penalised, thus the race will be on to spend, invest, and lend the money into the economy at ultra low rates (to avoid negative rates). BIG inflation need not mean that the economy ceases to function, with anecdotes of restaurant bills being paid in advance in order to avoid losing value on the currency whilst people eat. Just look at the Italian Lira as an example. If the dominant global power chooses BIG inflation, then the world has no choice but to go along with that. Big foreign holders of US treasuries may not like that, but that is where the US military comes in and perhaps explains Trumps military policy. Russia good, China bad, Islamic Fundamentalism (generally funded by Saudi Arabia, another big holder of US debt), very bad!

In a similar style to which Trump has shafted his creditors in his business activities, I suspect Trump intends to rebuild the US economy, by spending BIG into the US economy despite interest rates being almost at zero, and thereby totally fucking shafting foreign holders of US treasuries, who can voice their complaints down the gun barrel of the US military. If anything somewhere along these lines pans out, then gold will fucking sky rocket, along with the price of everything else of course....including Bitcoin.....until the PBOC order the miners to close down.

Gold From a technical standpoint:

Gold also obeys Gann like an intentionally programmed algorithm, both to the upside and to the downside. Whether gold is now poised to take a big fucking ramp or a big dirty drop based on this chart (a bit of a mess but those who understand Gann Squares will know what they are looking at), all depends on one's market bias. Needless to say, I am bullish.