Jump to content
House Price Crash Forum


  • Content Count

  • Joined

  • Last visited

Everything posted by betterToDo

  1. - the original observation is trivial; the last person on earth with a pile of gold can't buy anything, so money is not gold itself, it exists only between entities (be those people or ones we make up with laws) - re: scarcity, money is necessarily scarce or there is no competition for it, and hence it has no value. The idea that if we just redesigned the money supply so it was never scarce is ludicrous since the value of that "money" would be zero. - the problem with current credit money lies in its supply; if it is not scarce, no competitive price revelation can be at work, just as a game
  2. Currently 0%, isn't usually, and what drives CPI? It's incoherent.
  3. At my ex university there were a great deal of Chinese PhD students by the time I left, almost none when I started. The department got taken over by a Chinese professor (I won't name the place or him, he's a good guy). The mechanism that gave rise to this imbalance appeared to me to be a combination of the University's financial benefit from these students, and his own links to Chinese institutions. This probably came at a cost to places for students of other nationalities in this case, but I'm entirely undecided as to whether it was good or bad.
  4. Well, they immediately fall foul of their own brand new pyramid scheme. Tell me you're not so naive that you think a yes vote will suddenly free you in any sense shape or form?
  5. HTB isn't about money its about risk, and unfortunately its going through the private banking sector who are somewhat adept about dispersing their risk and keeping profit. Taxpayers will feel this one day, but not yet. I'd like to think the public aren't stupid enough to try and pile in again, but when you listen to people talk about it.. no they really are.
  6. Well and truly down the rabbit hole. This really is the ******ing limit. We need a military intervention from another country, and regime change. It is the only way we are going to get back towards democracy, and certainly the only way we can hope for monetary reform. Can citizens apply personally to the UN security council requesting action?
  7. It would be catastrophic, but this is far worse. We all have limited lifespans, and some of us are trying to play the game straight. If this was monopoly, it like somebody let the 10 year old be the banker. We need to get it over with and allow integrity to return to the game we're all playing, since then the people who have technically lost according to the "rules" actually will lose and we can all go and make fishfinger sandwiches. .. well, its a dream.
  8. I think you're overestimating the vision, it is more short term and more reactive. It always is. They're just trying to "avoid the bad thing", but with no real plan other than praying for a growth miracle before it all falls apart.
  9. I know someone who's been working on this. It is in a far worse mess than I've seen mentioned here, we are talking complete disarray. You Do Not Want To Know how much money they've really spunked on a broken IT system.
  10. ... an impossible problem because everybody has already paid when they're blowing their credit bubbles, which they will continue to do until we stop letting them create the money supply as private credit... blah... grr.... as if anybody cares. Im sounding like a broken record these days.
  11. Befuddled by this. Why is this being discussed? Maybe it's.... - That people try to blag not paying the licence. Fail - not news. - That there is evidence showing a dramatic increase in numbers doing this. Fail - not true. - That the statistic used to measure this is likely to reflect the amount of illegitimate viewing in the first place - Fail. Game over.
  12. .. or we stay roughly in the middle, and lets not be specific about time. Thanks for the chart but you don't know whats coming next.
  13. This student loan system was obviously going to be a case of luring millions of people in with fake expectations and legislation, and then slowly, over the years, and whenever an opportunity presents itself, change the rules and start to harvest...
  14. I no longer think we will. The fraud isn't unwinding they're just burying it with more fraud. Sadly it is the natural state of affairs for our species.
  15. Australian Dollar Plunges as Home Loans Dive; Australia Insolvencies Hit Record; Worst is Yet to Come He's a professional doomsayer, so maybe the middle ground is a little more accurate..
  16. And therein lies the basic flaw underlying most crap we endure, the short-term horizon of human beings. It took millions upon millions of years to create such gas deposits, and they come out triumphantly declaring it'll last us a whole 10 years! Wow! What then? Same goes for north sea oil. Erm, what about the next millenium? Oh thats right, we'll be dead so f*** it.
  17. Easily argue it was right in the short term, but it did not solve anything. The real failure is to be found in the long grass the problem was kicked into, and into which we are now wading hot on the heels of an illusionary ball.
  18. Hahaha "due to tougher trading and banking rules". Ah of course, that's what caused the problem.
  19. This is factually incorrect and will not happen. This is indeed a concern but I wouldn't claim to know how it will play out, nor that it necessarily equals doom. That it should be a concern is not a property of bitcoin, but a reflection on our despotic monetary systems However, another way of looking it is that currencies with the properties of bitcoin or its derivatives are the only possible hope.
  20. +1 re currencyfair I've found thats the best way, extremely cheap and convenient (this applies outside BTC too what a great service it is). re: all the speculation about its future, yep, agreed its a case of zero or hero really. Some minor thoughts: - bubble? well ok thats highly plausible looking at a long term chart agreed, but remember, it can both currently be over-enthusiastically priced, and also be a success long term. - useless? I'm buying it. I want it. It has utility, and I presume everything is a scam (starting of course with the housing market, but in learning whats wrong with
  21. Facing similar issue myself yesterday, I'm currently looking into OKPay as a means of getting to MTGox.
  22. Proof of work, the concept that actually makes bitcoin function, makes this impossible.
  23. The recognition that "they" are not only not going to fix this but actively make it worse has been slowly sinking in for a long time. After yesterday I think it fair to say all hope of sane government action now gone. In these ever darkening hours, I find these wonderful people to be a daily source of comfort, and possibly the only way to keep up to date with the mainstream without being sick. (sorry if repeated) The Daily Mash
  24. Lots of informed opinion on problems, what about solutions? Pointing out that "green" energy production has economic issues isn't a long term solution. Arguing about current generation costs is a bit misleading too when we should be looking at least 100 years down the line for once. It seems to me the need to time-shift energy generated from "renewables" is paramount, and would address at least the issue discussed in the original article.. as would intermittent consumption, but that's hardly a good solution. Is anybody knowledgeable enough about hydrogen to comment on the notion of using it
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.