Libertarian's Forum
Libertarian Forum to discuss politics and free market economics.
Libertarian's ForumLibertarian's ForumFreedom Forum › Conflict Is the Driving Force behind Bitcoin and Gold
Page Index Toggle Pages: 1 [2] 3 4 ... 6 Send TopicPrint
Very Hot Topic (More than 25 Replies) Conflict Is the Driving Force behind Bitcoin and Gold (Read 1542 times)
BobK71
Libertarian Senior Member
****
Offline

Libertarian's Forum

Posts: 478
Joined: Jun 12th, 2015
Re: Conflict Is the Driving Force behind Bitcoin and Gold
Reply #10 - Jun 12th, 2017 at 9:05pm
Print Post  
Jeff wrote on Jun 11th, 2017 at 8:15am:
By "conventional economics" you mean Keynesian economics. Why not say that?

What you are saying is inflating a bubble that will inevitably burst and cause a recession should be "fixed" by immediately starting to inflate another bubble. Cheesy

There is no evidence that Keynesian ("conventional") economics has ever done what it promises to do. It is a sure and certain producer of stagflation, economic bubbles and the inevitable crashes the bubbles result in.


Please see my second reply to merkelstan.
  
Back to top
 
IP Logged
 
BobK71
Libertarian Senior Member
****
Offline

Libertarian's Forum

Posts: 478
Joined: Jun 12th, 2015
Re: Conflict Is the Driving Force behind Bitcoin and Gold
Reply #11 - Jun 12th, 2017 at 9:11pm
Print Post  
SkyChief wrote on Jun 8th, 2017 at 12:38pm:
I heard that China is positioning itself to emerge as a (the) New World Reserve Currency.  An interesting dynamic is the fact that the Yuan has become the first [IMF]SDR basket currency to belong to a country that is not an ally of the US.  This only serves to strengthen the BRICSA monetary independence.


This is certainly a victory for the Chinese regime, and joining the club means more co-operation with the imperial alliance.

But under this system, conflict is unavoidable, even between close allies, and between different parts of the state-bank alliance in the same country.  The reason is that the system is based on theft.  In an alliance among thieves, to put it bluntly, there will always be questions about who takes how much, and who takes the blame when the system is exposed to either market forces or public opinion.
  
Back to top
 
IP Logged
 
Don_G
Libertarian Freedom Member
*****
Offline

Libertarian's Forum

Posts: 3416
Location: British Columbia
Joined: May 8th, 2017
Re: Conflict Is the Driving Force behind Bitcoin and Gold
Reply #12 - Jun 13th, 2017 at 12:03am
Print Post  
BobK71 wrote on Jun 12th, 2017 at 9:11pm:
This is certainly a victory for the Chinese regime, and joining the club means more co-operation with the imperial alliance.

But under this system, conflict is unavoidable, even between close allies, and between different parts of the state-bank alliance in the same country.  The reason is that the system is based on theft.  In an alliance among thieves, to put it bluntly, there will always be questions about who takes how much, and who takes the blame when the system is exposed to either market forces or public opinion.


Seeing everybody through the eyes of an american is the biggest problem with your prediction of China's system failing. You see corruption and theft everywhere because your country is corrupt and the 1% are thieving from the rest of the people. That's not so in China.
  
Back to top
 
IP Logged
 
kaz
Libertarian Freedom Member
*****
Offline

Minarchist

Posts: 2924
Location: Kazmania
Joined: Jun 6th, 2017
Re: Conflict Is the Driving Force behind Bitcoin and Gold
Reply #13 - Jun 13th, 2017 at 8:31am
Print Post  
Don_G wrote on Jun 13th, 2017 at 12:03am:
Seeing everybody through the eyes of an american is the biggest problem with your prediction of China's system failing. You see corruption and theft everywhere because your country is corrupt and the 1% are thieving from the rest of the people. That's not so in China.


You have some serious thingy envy for the USA.  Don't worry, it's a common worldwide affliction
  

Greg Gutfeld - I became a conservative by being around liberals and I became a libertarian by being around conservatives

Matt Stone - I hate conservatives, but I really f'ing hate liberals
Back to top
 
IP Logged
 
Jeff
Libertarian Freedom Member
*****
Offline

Libertarian's Forum

Posts: 20230
Location: USA
Joined: Feb 26th, 2014
Re: Conflict Is the Driving Force behind Bitcoin and Gold
Reply #14 - Jun 13th, 2017 at 9:35am
Print Post  
BobK71 wrote on Jun 12th, 2017 at 9:05pm:
Please see my second reply to merkelstan.
OK, you think "conventional economics" prevents markets from operating and therefore requires that governments keep blowing bubbles that inevitably burst and cause economic harm to everyone but the rulers...

I knew that.
BTW, if I had money in bitcoins (I don't) I'd sell it now and buy gold.
  
Back to top
 
IP Logged
 
BobK71
Libertarian Senior Member
****
Offline

Libertarian's Forum

Posts: 478
Joined: Jun 12th, 2015
Re: Conflict Is the Driving Force behind Bitcoin and Gold
Reply #15 - Jun 13th, 2017 at 10:44am
Print Post  
Jeff wrote on Jun 11th, 2017 at 6:37pm:
I don't know about the Hungarian shit, but I know there hasn't been much free market in Greece in my lifetime unless it was illegal stuff.

Modern Greece has been crappity smacked by anarchists and communists and 'socialists' and EU crony capitalists and the general stupidity of government.

Individual liberty, the rule of law, property rights and free markets were sadly absent in the demise of modern Greece.


There are plenty of such countries around the world.  A healthy system would naturally equalize the world by shifting wealth from rich to poor countries (due to the latter's price advantage) whereas the modern system does the opposite -- forcing poor countries to weaken, if not destroy, themselves in order to (indirectly) support the wealth and power of the rich world.
  
Back to top
 
IP Logged
 
BobK71
Libertarian Senior Member
****
Offline

Libertarian's Forum

Posts: 478
Joined: Jun 12th, 2015
Re: Conflict Is the Driving Force behind Bitcoin and Gold
Reply #16 - Jun 13th, 2017 at 10:56am
Print Post  
Jeff wrote on Jun 11th, 2017 at 8:07pm:
If "elites" are stupid enough to imagine that debt bubbles can be kept "afloat"... Well, I don't know, what should we do with such simple minded idiots? Keep them out of "power" is my idea... but how can we do it?

Limit the power of government? Could that work?

Make sure simple minded idiots can't use the power of government to blow bubbles.


That has been modern history...  I think 'what is best for me, right now' is the main consideration for most members of the elites.  And unfortunately, they have kept bubbles afloat for quite a while.

Although, there is hope.  The vast majority of the modern era saw a more-or-less complete suppression of gold and silver values to a fixed price in terms of elite-issued paper.  Since 1971 that system has failed, gold has jumped 30 times in paper terms, and those who understand have profited.  The corner into which the elites are painting themselves is getting smaller.
  
Back to top
 
IP Logged
 
BobK71
Libertarian Senior Member
****
Offline

Libertarian's Forum

Posts: 478
Joined: Jun 12th, 2015
Re: Conflict Is the Driving Force behind Bitcoin and Gold
Reply #17 - Jun 13th, 2017 at 11:30am
Print Post  
Don_G wrote on Jun 12th, 2017 at 12:42pm:
Bitcoin is only representative of an attempt to fix the tyranny that is the US government. In actual fact, it's destructive of a normal working society that needs to be taxed in order to survive.


Hello, there...  I think it's a very common theme that Bitcoin is an anti-establishment tool.  I have implied multiple times, though, that my theory is that it is one of the best things to have happened to the establishment recently, and that is partly why its price has gone up.  (I will be happy to discuss details.)

They keep saying Bitcoin is anonymous, but it's no more anonymous than paper cash when there was no electronic money.  Taxation with Bitcoin should in theory be no different from taxation with paper money.  (Employers who paid wages in cash still had to report the incomes in a tax form, etc.)

Don_G wrote on Jun 12th, 2017 at 12:42pm:
It's obviously not going to contribute to the greater good of society but libertarians think they can make use of it because it's an attempt at the anti-establishment agenda in which they have faith.

Faith! Another example of grasping at faith as in Xtianity, instead of facing up to the real world.


I think to limit the power of government is wise.  I don't subscribe to the notion that libertarian ideals are a dream, and that is because, while most people might think the dream is a high mountain to climb, I think the dream means pricking a gigantic bubble.  The bubble is embodied by the deceptions of the modern system.  As soon as people know they are being deceived, there will be a sea change in favor of popular demand that power be taken from the state.

Don_G wrote on Jun 12th, 2017 at 12:42pm:
The real world that can only be gained by turning to the left and accepting real change that is so desperately needed in the land of the gun.
  
Back to top
 
IP Logged
 
Don_G
Libertarian Freedom Member
*****
Offline

Libertarian's Forum

Posts: 3416
Location: British Columbia
Joined: May 8th, 2017
Re: Conflict Is the Driving Force behind Bitcoin and Gold
Reply #18 - Jun 13th, 2017 at 11:59am
Print Post  
BobK71 wrote on Jun 13th, 2017 at 11:30am:
Hello, there...  I think it's a very common theme that Bitcoin is an anti-establishment tool.  I have implied multiple times, though, that my theory is that it is one of the best things to have happened to the establishment recently, and that is partly why its price has gone up.  (I will be happy to discuss details.)

They keep saying Bitcoin is anonymous, but it's no more anonymous than paper cash when there was no electronic money.  Taxation with Bitcoin should in theory be no different from taxation with paper money.  (Employers who paid wages in cash still had to report the incomes in a tax form, etc.)


I think to limit the power of government is wise.  I don't subscribe to the notion that libertarian ideals are a dream, and that is because, while most people might think the dream is a high mountain to climb, I think the dream means pricking a gigantic bubble.  The bubble is embodied by the deceptions of the modern system.  As soon as people know they are being deceived, there will be a sea change in favor of popular demand that power be taken from the state.


Hello there Bob. I'm interested in hearing about the part of the libertarian agenda that isn't a day dream.

And I'll repeat again here, it's a make-do political platform that will only survive until the American people start accepting the more leftist ideals of socially responsible  capitalism, which the most successful countries in the world take for granted.
  
Back to top
 
IP Logged
 
kaz
Libertarian Freedom Member
*****
Offline

Minarchist

Posts: 2924
Location: Kazmania
Joined: Jun 6th, 2017
Re: Conflict Is the Driving Force behind Bitcoin and Gold
Reply #19 - Jun 13th, 2017 at 12:50pm
Print Post  
Don_G wrote on Jun 13th, 2017 at 11:59am:
Hello there Bob. I'm interested in hearing about the part of the libertarian agenda that isn't a day dream


In fairness, we aren't asking you to wipe your own ass voluntarily.
You're right, that would never happen.  It would be a "day dream" to try that.  We're trying to remove your choice, forcing you to do it yourself
  

Greg Gutfeld - I became a conservative by being around liberals and I became a libertarian by being around conservatives

Matt Stone - I hate conservatives, but I really f'ing hate liberals
Back to top
 
IP Logged
 
Page Index Toggle Pages: 1 [2] 3 4 ... 6
Send TopicPrint
 
Libertarian's ForumLibertarian's ForumFreedom Forum › Conflict Is the Driving Force behind Bitcoin and Gold
Libertarian's Forum

Libertarian's Forum Information Rules, Agreement and Privacy Policy