Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
billyjoeallen
on 18/02/2014, 13:14:41 UTC
Finally, my purchase decisions are not affected by a few percent of inflation. I buy if I need or want something. Inflation is mostly an annoyance to me (saving is impossible in our current system).


You are contradicting yourself there. Because saving up in cash has been made impossible, as you say, you save less and buy more. The point is that people should save wealth in production, not in money.

Perhaps it seems that way but wealth can be stored in other means than cash. It does not neccessarily increase my consumption. Whether people 'save' in production should be a free choice to make, not a forced one.


The capital structure of the entire economy is so out of whack after 30 years of artificially low interest rates, that investing in production at this point is folly in most cases. The true capitalist is flying blind at this point because the price signals are being intentionally distorted. Invest in production of what?

I invest in the production of cryptographic tokens that have the potential of restoring price signals and allowing capitalists to allocate resources where they are most needed.