Posted on 01/18/2018 9:56:24 AM PST by Quilla
Paul Krugman, who really, really, really wants you to know on his Twitter account that he's a Nobel laureate in economics, has made a name for himself for his bad economic forecasts.
So bad, in fact, that President Trump and the Republican Party have awarded him their top spot in their 2017 Fake News Awards, writing:
[Twenty seventeen] was a year of unrelenting bias, unfair news coverage, and even downright fake news. Studies have shown that over 90% of the media's coverage of President Trump is negative.
(Excerpt) Read more at americanthinker.com ...
If any crypto currency were to catch on, the dollar would lose value and the crypto currency would replace it.
Once that happens, there would only be a global cashless society.
Watch the U. N. pounce on that like a rat on cheese.
Imagine one massive conglomerate making all the decisions for one massive crypto currency.
Then imagine a government taking over, and telling you your rights to your crypto currency had just been revoked globally.
We’re twenty-odd trillion in debt and you are talking about department heads?
I fully agree that the President is doing the right thing. For you to claim that spending is being cut is psssing up your own pantleg.
I recently started. I wish I started a year ago though :-).
The big thing is you need to get verified in the trading tools which apparently takes a while on some services (like www.kraken.com).
Coinbase.com is the easiest way to start but they are expensive. But never transfer money from them to a wallet, instead transfer from them to their sister service gdax.com and then to your digital wallet (that way it’s free :-) )
I also have a ledger nano S as my digital wallet that way my money isn’t online or on a computer or phone. Makes it a lot safer as hackers don’t have access to it.
It’s pretty complicated really to get started. Start small like $50 to see how the processes work before you go all in.
Actually monero is private.
A good barameter as to whether something will enhance individual liberty and economic freedom or impede it is to see who supports the concept and who opposes. Right now crypto currency is more like kryptonite to big government world bank types. Crypto currency scares the crap out of big government. The left fears crypto currency. Wall Street repelled it until they could no longer ignore it. Every central banking authority has called it a Ponzi scheme, a scam, fraud and everything else in order to try to scare people away. It’s a major threat to their control. That should tell you something.
LOL
He’s building a wall that will save us $50 to $100 billion per year. Yep, nothing to see there.
Welfare costs us $500 billion per year. He’s telegraphed he’s going to work on that.
Unemployment is at it’s lowest level in 45 years.
Food stamps are the lowest they’ve been in eight years.
Trump is focused on cutting spending too, and he’s well on his way.
Happiness is a choice.
Can you understand that folks who see it for what it is, should be leery of it?
I tried to explain the damage to our own currency. I tried to explain what would happen if our currency went south.
We’re going go disagree on this, and we’ll get to see how it plays out.
I don’t think it’s going away. I think it will do massive damage in the long run.
So is idiocy.
p.s. Your pantleg is soaked again.
LOL
So you’re another person that can’t grasp that Bitcoin has gone from 20,000 plus, to around 11,000 in a very short period of time.
Please remind me when that happened to the U. S. Dollar in a very short period of time.
No, your mouth is.
I’m doing just fine here.
Here is Apple’s Cook tell the public that his $38 billion dollar tax payment on repatriated funds would not have been possible without Trump’s tax cut.
Other large companies will be doing the same thing.
This will increase the coffers of our federal government by hundreds of billions, perhaps in the neighborhood of 1/2 to 1 trillion over all.
This doesn’t address the trillions being repatriated, and how much the investment of those dollars will increase the federal tax collection even more.
Not sure what your point is. If you are using bitcoin like gold you really don't concern yourself with day to day fluctuations. So Unless you happened to buy in at 20k then why does that matter and even if you did buy in at 20k just sit back and relax. Gold has been pretty stable lately but it's very prone to big swings also, maybe not that much but gold is not new and it can go up and down rapidly. I see the future of bitcoin as a store of value that can't easily be manipulated by governments. 90% of people talking about Bitcoin today just really found out about it in the last few months so price swings are going to be significant when so many new people are using and purchasing bitcoin. Just four months or so ago Bitcoin was around $3800. Because people are just starting to awake to bitcoin we really don't know where the price will start to settle. My guess, based on supply and demand, is it's going to be a whole lot higher than 20k if bitcoin remains the crypto coin of choice.
As far as your fear of Crypto Currency hurting the US dollar I really think you are missing the 800 lb gorilla on that. The biggest threat to the US Dollar by many many magnitudes of order is the US Government itself. Crypto currency by comparison should be the very farthest galaxy far far away concern.
Anywy like you said we just disagree on this one and who really knows what is going to happen. The whole thing could just fizzle and disappear which is still a very good possibility. I don't think so myself but only time will tell.
Lastly I agree with you 100% on our President. He is truly doing everything possible to make this country great again.
I appreciate your reasoned comments.
It’s when I hear the idea that our dollar loses value over time, that I mention other things do as well.
I don’t know what BitCoin will turn into either. I had thought it would go away after it tanked big the previous time.
It’s an item I’ll probably have to put some money into just to protect myself.
If the dollar does suffer greatly from a withdrawal of support over time, I’ll have to have a fall-back position.
I do get the idea that at some point, if you have protected yourself from ruination, you’ll probably have to protect yourself from those who haven’t.
Interesting times...
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