Willie: “There will be a 50% dollar devaluation [and] a doubling of gold price"

[mamboni]

Jim Willie predicts, “There will be a 50% dollar devaluation where we will see a doubling of the gold price overnight.” Willie contends, “The Treasury bond will be phased out and gold will be phased in.”


http://www.youtube.com/watch?v=IPQRWrSdGF0&feature=player_embedded

[Ares]

Within 6 months? :)

[mamboni]

Within 6 months? :)

Willie admits that he does not know the timing, only that it will happen.

[Ares]

Willie admits that he does not know the timing, only that it will happen.

It'll happen that much is certain. No way this system is sustainable.

[chad]

you all hold on to you cherised delusions.

you think that gold will save you, when in reality nothing will be saved.

it has all been planned like this from the beginning.

you think you can plan ahead, the top has had it all planned out since before you even knew you were the bottom, you have been deceived from the very beginning.

i am like a popsicle in space, elongated, cold, but at the very end full of color.

[Ares]

you all hold on to you cherised delusions.

you think that gold will save you, when in reality nothing will be saved.

it has all been planned like this from the beginning.

you think you can plan ahead, the top has had it all planned out since before you even knew you were the bottom, you have been deceived from the very beginning.

i am like a popsicle in space, elongated, cold, but at the very end full of color.

Hypertiger??? I thought you got a temp ban. :D

[PatColo]

^ reminds me, is there a post telling when/why HT was temp-banned? I know it happened a few days ago, but HT has been one of like 3 I've had blocked for some time. I know he was spamming pretty hard lately, as I'd scroll past whole strings of consecutive, "hidden..." posts from him.

did he say something which crossed the line, or was is just his general, ongoing personal attack on the whole board with his constant "you all..." gibberish? was all his "top...bottom..." noise just too damn GAY? ???

[Ares]

^ reminds me, is there a post telling when/why HT was temp-banned? I know it happened a few days ago, but HT has been one of like 3 I've had blocked for some time. I know he was spamming pretty hard lately, as I'd scroll past whole strings of consecutive, "hidden..." posts from him.

did he say something which crossed the line, or was is just his general, ongoing personal attack on the whole board with his constant "you all..." gibberish? was all his "top...bottom..." noise just too damn GAY? ???

Madfranks warned him to stop spamming threads. HT continued to spam threads so got a 5 day ban.

[Horn]

He asked to be banned, then spammed until he was.

Must be an addict?

[midnight rambler]

He was temp banned because:


he was spamming pretty hard lately ...with nonsensical posts (but isn't that normal?)

[Horn]

Start shaving your gold coins into dust now.


http://www.youtube.com/watch?v=c7s2WizN2os

[mamboni]

you all hold on to you cherised delusions.

you think that gold will save you, when in reality nothing will be saved.

it has all been planned like this from the beginning.

you think you can plan ahead, the top has had it all planned out since before you even knew you were the bottom, you have been deceived from the very beginning.

i am like a popsicle in space, elongated, cold, but at the very end full of color.
http://gold-silver.us/forum/attachment.php?attachmentid=5663&d=1384361689
5663

[madfranks]

Jim Willie predicts, “There will be a 50% dollar devaluation where we will see a doubling of the gold price overnight.” Willie contends, “The Treasury bond will be phased out and gold will be phased in.”

I don't have time to watch the video, but is he saying by this that gold will be pegged to the dollar again? That's the only way to devalue the dollar by 50% overnight.

[Ponce]

50% dollar devaluation? and gold would only doubled?.........helllllllllll no, the sky would be the finish line for gold and silver.

V

[Horn]

I don't have time to watch the video, but is he saying by this that gold will be pegged to the dollar again? That's the only way to devalue the dollar by 50% overnight.

Default on U.S. bond deals, China rolling over and writing a trillion off in exchange for the already transpired gold transfer, yuan then becomes global player, and competitor on equal footing with $. in addition to Gold backed trade chips, SDR possibly?

London of course to be your broker with the Lion's share of long term return.

5664

[chad]

i love willie. he always sounds like he just drank a pint of scotch and is in a strip club throwing dollar bills.

[mamboni]

i love willie. he always sounds like he just drank a pint of scotch and is in a strip club throwing dollar bills.

You nailed it LOL. I am a subscriber to the Hat Trick Letter and find it very informative with rather daring and provocative analysis. But truth be told, Willie is a piss poor writer and even worse interviewee. He always comes off sounding like Beavis to me.

[Horn]

The only thing I question again is whether, or not China will expect anything in return (other than equal footing on the playing yuan field) as its already payed in gold.

Sounds like the deal could all still go down with gold still sitting on the sidelines.

[Ares]

The only thing I question again is whether, or not China will expect anything in return (other than equal footing on the playing yuan field) as its already payed in gold.

Sounds like the deal could all still go down with gold still sitting on the sidelines.

China has been buying real estate left and right here in the states. Could be a backdoor way of unloading their trillions in reserves. They know they'll never get their debt back. Fort Knox is empty so the only real thing the U.S. has is natural resources, and lots of fresh water which China sorely needs.

[Uncle Salty]

The only thing I question again is whether, or not China will expect anything in return (other than equal footing on the playing yuan field) as its already payed in gold.

China is already getting something in return...gold at discount prices. The West has been shipping gold East to keep the dollar in play as long as it could. That game is about to end. China has enough gold to offset the US Dollar haircut.

Then we move to Freegold. We will get Sinclair's Federal Reserve Gold Notes to start the new game going.

It's going to be fun for gold holders. Gold has to sky rocket against all other asset classes to balance the books.

Gold FTW!!!

[ximmy]

Let Hypertiger roam free...

[Horn]

It's going to be fun for gold holders. Gold has to sky rocket against all other asset classes to balance the books.

Gold FTW!!!

Somedays I think only Silver can save Gold.

[mick silver]

bitcoins are taking the place of all paper and metals get in before it to late

[mamboni]

bitcoins are taking the place of all paper and metals get in before it to late

A lot of money to be made in bitcoins...a lot to be lost. IMHO, bitcoin is a speculative play because price is driven entirely by demand and usage. Supply of bitcoins is virtually static as the bulk of them have already been mined. That should be a good thing for price. But at the end of the day, they are currency with no intrinsic value and vulnurable to government attacks and potential hacking. Their main attraction is as an anti-dollar, a competing currency. To that extent they are a good thing. But as store of value, I think not.

[Ares]

A lot of money to be made in bitcoins...a lot to be lost. IMHO, bitcoin is a speculative play because price is driven entirely by demand and usage. Supply of bitcoins is virtually static as the bulk of them have already been mined. That should be a good thing for price. But at the end of the day, they are currency with no intrinsic value and vulnurable to government attacks and potential hacking. Their main attraction is as an anti-dollar, a competing currency. To that extent they are a good thing. But as store of value, I think not.

Eh, I wouldn't bother trying to explain the usefulness of free market alternatives to some of these clowns. I've tried, you'll just get mocked and ridiculed with moronic absurdity with a mix of sarcasm because of their lack of understanding, or outright refusal to even see other alternatives.

No one ever said Bitcoins were a store of value, at lease no one I saw here promoting it. It's value is derived on its ease of use, limited supply and virtually unable to be duplicated. Government attacks are expected, but they only have jurisdiction within their own borders. If it continues to grow in size to where their tax revenue slides substantially, you'll see one pissed off beast who will attempt to remove bitcoins from the face of the planet.

Gold is a store of value, but it's not easy to use in a digital age where you try to buy a book from Amazon from a warehouse in California. The moronic gold and silver only fools will keep preaching to themselves and the remaining vestige hold outs that this is the way, this is the way, all the while being left behind as the free market looks for other means to be what it inherently is... Free

I will tell some of you here and now, and you can quote me. The free market use for gold is OVER. It will NEVER return to what you hope and dream it will be. The free market has deemed gold and silver stores of value, but are not easy transferable units of account. Even in a digital age government currencies are having trouble keeping up with a global economic world. Try doing an international wire transfer and see how long it takes as well as the fee's attached to it. Gold? Might as well forget about it unless you're a nation state, you're never going to get any large quantity of gold sent from one country to the next without insane insurance premiums against theft and transportation cost will render it not worth the effort.

So good luck thinking gold and silver are going to thrive in a globally connected economy.

[chad]

Eh, I wouldn't bother trying to explain the usefulness of free market alternatives to some of these clowns. I've tried, you'll just get mocked and ridiculed with moronic absurdity with a mix of sarcasm because of their lack of understanding, or outright refusal to even see other alternatives.

No one ever said Bitcoins where a store of value, at lease no one I saw here promoting it. It's value is derived on its ease of use, limited supply and virtually unable to be duplicated. Government attacks are expected, but they only have jurisdiction within their own borders. If it continues to grow in size to where their tax revenue slides substantially, you'll see one pissed off beast who will attempt to remove bitcoins from the face of the planet.

Gold is a store of value, but it's not easy to use in a digital age where you try to buy a book from Amazon from a warehouse in California. The moronic gold and silver only fools will keep preaching to themselves and the remaining vestige hold outs that this is the way, this is the way, all the while being left behind as the free market looks for other means to be what it inherently is... Free

I will tell some of you dumb asses here and now, and you can quote me. The free market use for gold is OVER. It will NEVER return to what you hope and dream it will be. The free market has deemed gold and silver stores of value, but are not easy transferable units of account. Even in a digital age government currencies are having trouble keeping up with a global economic world. Try doing an international wire transfer and see how long it takes as well as the fee's attached to it. Gold? Might as well forget about it unless you're a nation state, you're never going to get any large quantity of gold sent from one country to the next without insane insurance premiums against theft and transportation cost will render it not worth the effort.

So good luck thinking gold and silver are going to thrive in a globally connected economy.

i guess china, hong kong, switzerland, germany, and venezula didn't get the memo.

[Ares]

i guess china, hong kong, switzerland, germany, and venezula didn't get the memo.

Or maybe you didn't even bother reading what I said?

What nation wouldn't want to hold a store of value? Having gold and silver is a sign of wealth always has been, ALWAYS WILL BE!! However, how do you purchase a widget in china with your gold and or silver in Wisconsin?? Ok, more locally, how do you purchase items from Amazon, eBay, or a discount tire chain with Gold or Silver? How easy is it? What type of transaction and conversion fees are involved? See the difficulty in making a purchase in an increasingly digital world with a physical asset?

[mamboni]

i guess china, hong kong, switzerland, germany, and venezula didn't get the memo.

As erudite as Ares is vis-a-vis bitcoin, I would award the debating points to Chad in this instance. Of course I make no claim of totally objectivity. But Ares, you are forgetting the political dimension and the cultural underpinning of money. Money must have the confidence of the mass of people. And in this regard gold fits the bill. In the end of the day, bitcoin is a virtual construct with no tangible link to the real world excepting a tenuous one vis-a-vis the electric bill generated in creating one - hardly useful. Also, I think you are discounting the greatest weakness of bitcoin: it can be mimicked ad infinitum. There is nothing preventing others from creating a similar virtual currency with the same attributes as Bitcoin. You can't do that with physical gold.

[Son-of-Liberty]

i guess china, hong kong, switzerland, germany, and venezula didn't get the memo.

Ares didn't say Gold and silver don't have value just that they are awkward for day to day transactions. These countries are using gold to back their currencies which are primarily digital in nature.

[Ares]

As erudite as Ares is vis-a-vis bitcoin, I would award the debating points to Chad in this instance. Of course I make no claim of totally objectivity. But Ares, you are forgetting the political dimension and the cultural underpinning of money. Money must have the confidence of the mass of people. And this this regard gold fits the bill. In the end of the day, bitcoin is a virtual construct with no tangible link to the real world excepting a tenuous one vis-a-vis the electric bill - hardly useful. Also, I think you are discounting the greatest weakness of bitcoin: it can be mimicked ad infinitum. There is nothing preventing others from creating a similar virtual currecny with the same attributes as Bitcoin. You can't do that with physical gold.

Gold plated tungsten?

Yep, and there are quite a few digital currency alternatives as can be seen here: http://coinchoose.com/ It's up to the free market to determine what coin wins in the end, or if at all. We're all along for the ride.

And to correct you, no I have not forgotten what the underpinning of money is. Money has 3 very specific functions, a store of value, easily transferable, and cannot be easily counterfeited. Bitcoin has 2 of those functions, easily transferable, and unable to be counterfeited. It however is not, and never will be a store of value due to it's very nature of being purely digital. I think a lot of people and I was too at first is mixing the digital connected world with the physical world. They are intertwined and incredibly complex, as my example above stated, how do you have money in a global economy without state and government manipulation? Without a competing currency you are left the subject of market manipulation and abject poverty with tax slavery mixed in with a good salt in the wound measure.

With alternative solutions you can conduct business on your own terms cutting them out of it. Do I think Bitcoin will win out against it's rivals? Hell if I know, honestly could care less if it does or doesn't. I see it and utilize the advantages it has as a check on government and state corruption and power.

The definition of money should be, the medium of exchange 2 parties deem appropriate for a transaction without outside interference of subjugation.

[Son-of-Liberty]

There is nothing preventing others from creating a similar virtual currency with the same attributes as Bitcoin. You can't do that with physical gold.

This is actually a good thing because competition is good and it means their will be more opportunities for people who were late comers to Bitcoin.

When their are dozens or even hundreds of digital currencies it is much less likely that the government can stop them all.

Sort of like a swarm of monetary bees.

[mamboni]

This is actually a good thing because competition is good and it means their will be more opportunities for people who were late comers to Bitcoin.

When their are dozens or even hundreds of digital currencies it is much less likely that the government can stop them all.

Sort of like a swarm of monetary bees.

All true, which is why TPTB, especially the issuers of dollars, should be terrified of bitcoin and virtual currencies. By the same token, while I'd cheerfully transact with virtuall currencies, I'd never hold savings in them.

[Son-of-Liberty]

All true, which is why TPTB, especially the issuers of dollars, should be terrified of bitcoin and virtual currencies. By the same token, while I'd cheerfully transact with virtuall currencies, I'd never hold savings in them.

There is really nothing to argue about then. I only have a fraction of my wealth in in cryptocurrency. It is a speculative play. Not something you bet your whole future on.

[Ares]

All true, which is why TPTB, especially the issuers of dollars, should be terrified of bitcoin and virtual currencies. By the same token, while I'd cheerfully transact with virtuall currencies, I'd never hold savings in them.

They are terrified of virtual currencies. It's a very disruptive technology. It's proving to be practical in a digital world, and it's also proving to people the world over that you do not need state owned, or private central banks to conduct commerce with one another. That in of itself is a game changer. Before this point in history everyone, including me, thought you needed at least a government to at least verify, measure and determine the value of a medium of exchange. Bitcoin is proving that you don't need that either. The medium of exchange is whatever you agree to accept for value of the sale or purchase of an item or material you desire.

That is free market economics at its very core.

But I agree, don't EVER use digital currencies for a savings. If anything, I'd say buy 1 or 2 for speculation and if you have no desire to trade or do anything other than hold on to it. Print it out into what's called a "paper wallet" it will take it "off line" completely. www.bitcoinpaperwallet.com has instructions to walk you through the process.

[EE_]

Eh, I wouldn't bother trying to explain the usefulness of free market alternatives to some of these clowns. I've tried, you'll just get mocked and ridiculed with moronic absurdity with a mix of sarcasm because of their lack of understanding, or outright refusal to even see other alternatives.

A. I get what you're saying about free market alternitives.
What I also get is what a corrupt scamming piece of shit world has become. What technology has done, can be undone...and there is a lot of people working on it.

No one ever said Bitcoins where a store of value, at lease no one I saw here promoting it. It's value is derived on its ease of use, limited supply and virtually unable to be duplicated. Government attacks are expected, but they only have jurisdiction within their own borders. If it continues to grow in size to where their tax revenue slides substantially, you'll see one pissed off beast who will attempt to remove bitcoins from the face of the planet.

A. I posted this clip for you once...please watch it again. This guy is touting bitcoin as a store of value.
http://video.cnbc.com/gallery/?play=1&video=3000217871

Gold is a store of value, but it's not easy to use in a digital age where you try to buy a book from Amazon from a warehouse in California. The moronic gold and silver only fools will keep preaching to themselves and the remaining vestige hold outs that this is the way, this is the way, all the while being left behind as the free market looks for other means to be what it inherently is... Free

A. I like the sound of a free market, I just don't think it's possibe in todays world.
With amazon and paypal, there are built in protections form scammers and hackers.

I will tell some of you dumb asses here and now, and you can quote me. The free market use for gold is OVER. It will NEVER return to what you hope and dream it will be. The free market has deemed gold and silver stores of value, but are not easy transferable units of account. Even in a digital age government currencies are having trouble keeping up with a global economic world. Try doing an international wire transfer and see how long it takes as well as the fee's attached to it. Gold? Might as well forget about it unless you're a nation state, you're never going to get any large quantity of gold sent from one country to the next without insane insurance premiums against theft and transportation cost will render it not worth the effort.

A. A global digital currency will be the answer...it will be run by the government
I never wanted to see gold and silver returned to a monetary unit of exchange ie. currency. A store of wealth is all it needs to be.
The only time it could be useful as money again, is after the apocolypse.

So good luck thinking gold and silver are going to thrive in a globally connected economy.

A. You do know the global government has been planning for a digital currency for years?
They will thank you for testing it out on your iPhone tracking device

.......

[mamboni]

There is really nothing to argue about then. I only have a fraction of my wealth in in cryptocurrency. It is a speculative play. Not something you bet your whole future on.

Right! And you have very nice latissimus dorsi!

[Ares]

A. I get what you're saying about free market alternitives.
What I also get is what a corrupt scamming piece of shit world has become. What technology has done, can be undone...and there is a lot of people working on it.

Agreed, why its important to remain vigilant and agile in an ever changing landscape.



A. I posted this clip for you once...please watch it again. This guy is touting bitcoin as a store of value.
http://video.cnbc.com/gallery/?play=1&video=3000217871

I've watched it, I just don't agree with him. You can't have a purely digital store of value as it's completely reliant on power for its very existence. Unless you can memorize a SHA-256 cypher for your private key, it's not really a store of value.



A. I like the sound of a free market, I just don't think it's possibe in todays world.
With amazon and paypal, there are built in protections form scammers and hackers.

There are a shit load more risk and dangers in a true free market type economy. There are also checks that can be put in place to limit that. Silk Road for example was the first to implement an escrow system to handle disputes of quality and non-delivery. The same could obviously be done with those industries as well. They are well equipped to handle an escrow type system to facilitate transactions and handle disputes. They do that now.


A. A global digital currency will be the answer...it will be run by the government
I never wanted to see gold and silver returned to a monetary unit of exchange ie. currency. A store of wealth is all it needs to be.
The only time it could be useful as money again, is after the apocolypse.

They are a little late to the game in that respect. Satoshi beat them to the punch for a global digital currency. What's ironic is that he (they?) did it because of the outright fraud, manipulation and corruption that emanates from their monetary system. Entertain a thought experiment with me here. They could in theory use their gold or silver reserves to back their own digital currencies.. However you'll be able to spot the fraud and corruption with the ledger is hidden and the transactions aren't made public. The stench of the state is easy to spot in those regards because everything they do is secret. Bitcoin as well as the other rivals nipping at it's heals are incredibly transparent. That's something no government has ever been since the dawn of human civilization.


. You do know the global government has been planning for a digital currency for years?
They will thank you for testing it out on your iPhone tracking device

Yep, planning and implementing are 2 different things. They do not control any of the digital currencies that are in existence at this time. They've been able to track cell phones long before Steve Jobs dreamed up the iPhone. I remember in the early to mid 1990's them being able to narrow down a caller within 100 yards of a cell tower.

[pioneer]

didn't sinclair state often usdx is going to 48-52 or something like that. it's at 80 now. 48-52 usdx is not 50% of 80. what kind of math is willie the statistics doctor using?

[EE_]

They are a little late to the game in that respect. Satoshi beat them to the punch for a global digital currency.



What makes you think 'they' are late to the game? Maybe it is 'they' who are making the transition now?
Things need to be tested and slowly implemented to not panic the pawns.

I hope you don't think 'they' are surprised Obamacare is failing, when in reality a transition is in progress to push another agenda.

Do you know Satoshi Nakamoto personally?
Jumble the letters and it spells 'global government'

As I said, when I'm making bank, I could give a shit what others say...laugh all you want.

Now if I'm making money on a pyramid scheme, that's different...it's my job to promote my investment to others, hoping they will promote it too...and so on.

[old steel]

So much shit going on behind the scenes so you know what?

Fuck the revolution, bring on the Apocalypse.

[EE_]

All true, which is why TPTB, especially the issuers of dollars, should be terrified of bitcoin and virtual currencies.

Would you be terrified with all this militay might at your disposal?
Massive mind controlled troops, weapons of mass destruction, drones, chemical weapons.

http://streetknowledge.files.wordpress.com/2008/09/warlong.jpg
http://mentalfloss.com/sites/default/files/styles/article_640x430/public/army-salute_6.jpg

[Ares]

What makes you think 'they' are late to the game? Maybe it is 'they' who are making the transition now?
Things need to be tested and slowly implemented to not panic the pawns.


Because if they issued it, they would control it. Why develop a currency / payment system that completely cuts them out of the loop? Not only that it shows that people can use whatever they want as a medium of exchange. I fail to see the incentive of a global elite implementing and promoting such a system.


I hope you don't think 'they' are surprised Obamacare is failing, when in reality a transition is in progress to push another agenda.

The puppet masters are definitely not surprised. Obummer on the other hand is too stupid to see that he's been played and he really is upset that its not going as planned. Tell tale sign is how his administration goes after and badgers the insurance agencies to not release enrollment numbers embarrassing him further. The guy is a joke, just his handlers haven't told him that he is, and he's too much of an incompetent idiot to figure it out.


Do you know Satoshi Nakamoto personally?
Jumble the letters and it spells 'global government'

Nope, but I don't know you personally either. Does that mean I should disregard everything you have to say?

[Ares]

Would you be terrified with all this militay might at your disposal?
Massive mind controlled troops, weapons of mass destruction, drones, chemical weapons.

All of that as you know is funded with the money they control. If there is an alternative and it attracts a global following, how powerful will the military be if they cannot get paid? That was a price that Rome learned the hard way. Not able to pay your troops, it matters not how effective they are, or devastating their weapons. They'll go home or refuse to fight without an incentive to do so. Even if that means the collapse of their own empire.

[EE_]

Because if they issued it, they would control it. Why develop a currency / payment system that completely cuts them out of the loop? Not only that it shows that people can use whatever they want as a medium of exchange. I fail to see the incentive of a global elite implementing and promoting such a system.

A. Did 'they' issue the first computer, iPhone? Who regulates/controls them now?
'They' are not out of the loop.You'll see soon enough.

The puppet masters are definitely not surprised. Obummer on the other hand is too stupid to see that he's been played and he really is upset that its not going as planned. Tell tale sign is how his administration goes after and badgers the insurance agencies to not release enrollment numbers embarrassing him further. The guy is a joke, just his handlers haven't told him that he is, and he's too much of an incompetent idiot to figure it out.

A. Obama fully knows he's a puppet...he's just doing his best soft-shoe dance to their tune.

Nope, but I don't know you personally either. Does that mean I should disregard everything you have to say?

A. Not disregard, just don't be sure of anything. Only a fool is positive!
...........

[EE_]

All of that as you know is funded with the money they control. If there is an alternative and it attracts a global following, how powerful will the military be if they cannot get paid? That was a price that Rome learned the hard way. Not able to pay your troops, it matters not how effective they are, or devastating their weapons. They'll go home or refuse to fight without an incentive to do so. Even if that means the collapse of their own empire.

The Romans had sticks and stones, knives and swords.
They only need a couple of cargo planes to put the whole population to sleep. How will you fight when you're shitting and vomitting at the same time?
Yes, it will collapse one day...probably at the hands of another nation.

[Horn]

Bitcoin's price in dollars and its market spread is all that needs to be controlled by them, as its completely open to be duplicated under a different surname, and made burger mincemeat. Their predictability of creation and splitting is their achillies.

Lincoln's Greenbacks offered them more of a challenge, get real.

[Ares]

A. Did 'they' issue the first computer, iPhone? Who regulates/controls them now?
'They' are not out of the loop.You'll see soon enough.

Nope but you can bet your ass that they are majority share holders of the companies and corporations that are. That's how they get, maintain and stay in control perpetually. They buy into the companies that develop and release those innovations.

With decentralized technology control slips through their fingers as they have no head to cut off. I like to compare Bitcoins to Bittorrent, Look at how effective bit torrents have been at distributing content, copyrighted or freely distributed. It's efficient beyond measure as long as there are some seeds for the content you're wanting to download, and is difficult to shut down as all nodes are broadcasting the content they have available to be downloaded. How do you stop something like that? If you can figure out a way the RIAA would probably pay you a boat load to have you show them.

Same goes with Bitcoin, decentralized and no one person or company can be bought, blackmailed, or compromised to handle or regulate the entire system to one or group advantage.

Will there be theft? Absolutely, will there be regulations? Probably, they'll most certainly try to get their pound of flesh but their laws and regulations are antiquated and ill prepared to handle crypto currencies. By law they can only tax dollars, how do they tax a bitcoin transaction? This is something that everyone is waiting to see. Whether your for the currency, a speculator in the currency or against it entirely. How do you go about regulating, and controlling a completely decentralized system? How do you tax a bitcoin mining company in China? Germany? Russia? on the bitcoins they've mined in the last quarter?

How do you stop a currency without borders? With gold is physical and can catch it during inspections. How do you stop an encrypted thumb drive from crossing the border hidden in an article of clothing? Just some examples that I can think of off the top of my head.

[Ares]

Bitcoin's price in dollars and its market spread is all that needs to be controlled by them, as its completely open to be duplicated under a different surname, and made burger mincemeat. Their predictability of creation and splitting is their achillies.

Lincoln's Greenbacks offered them more of a challenge, get real.

www.coinchoose.com there are already a couple dozen cyrpto currencies. The free market will decide if they rise or fail. Not you, and not any government.

[Horn]

The free market will decide if they rise or fail. Not you, and not any government.

Dollar holders will decide its rise or fall, as its bought and sold by them (a slave)

If Bitcoin were free it wouldn't be transferable, and have its very own proprietary atmosphere to fly around in.

Or at least free enough to decide whether or not it wants to charge you a playing and entertainment fee.

Bernanke rides Bitcoin into the cashless society finish line.

5668

[Ares]

Dollar holders will decide its rise or fall, as its bought and sold by them (a slave)

If Bitcoin were free it wouldn't be transferable, and have its very own proprietary atmosphere to fly around in.

Or at least free enough to decide whether or not it wants to charge you a playing and entertainment fee.

Bernanke rides Bitcoin into the cashless society finish line.

5668

You haven't been to any exchanges have you? It's extremely transferable into any known currency or even commodity. I've even seen people selling oil for bitcoin. Just not on a large scale selling those assets. :) If, and I say that with a BIG IF a nation were to start accepting Bitcoins for oil, anyone holding a single Bitcoin is an instant millionaire.

[Horn]

If, and I say that with a BIG IF a nation were to start accepting Bitcoins for oil, anyone holding a single Bitcoin is an instant millionaire.

My God, talk about bubbling blockchain.

Get real Ares, go out barefoot in the park, feel the blades of grass between your toes, picture them as Bitcoins if you wish.

Sick puppy. :)

[Ares]

My God, talk about bubbling blockchain.

Get real Ares, go out barefoot in the park, feel the blades of grass between your toes, picture them as Bitcoins if you wish.

Sick puppy. :)

It's not as far fetched of an idea as you may think. The U.S. dollar isn't nearly as strong as it once was, and there are quite a few nations that would love to see it die all together.

http://www.businessweek.com/articles/2012-11-29/dollar-less-iranians-discover-virtual-currency

The only delusional one here is you thinking Gold and Silver are going to be the monetary basin that it was in the past without manipulation, because somehow the controllers and manipulators of it are going to let it go back into circulation.. Get real.

[Horn]

It's not as far fetched of an idea as you may think. The U.S. dollar isn't nearly as strong as it once was, and there are quite a few nations that would love to see it die all together.

http://www.businessweek.com/articles/2012-11-29/dollar-less-iranians-discover-virtual-currency

Look if we're going to fight this beast as a team, we need to put things into a proper perspective.

I'm not James Dean, and you're not Bruce Lee,

knowing our limitations is the first step towards winning the battle in exceeding them.


http://www.youtube.com/watch?v=oXv3SSijPFc

Sorrily your Bitcoin sword is welded to your zipper.

[Ares]

Look if we're going to fight this beast as a team, we need to put things into a proper perspective.

I'm not James Dean, and you're not Bruce Lee,

knowing our limitations is the first step towards winning the battle in exceeding them.


http://www.youtube.com/watch?v=oXv3SSijPFc

Sorrily your Bitcoin sword is welded to your zipper.

Agreed, our enemy is one hell of a monster and will require a multifaceted attack. Why I diversified into other avenues to help explore my discontent.

[Horn]

Agreed, our enemy is one hell of a monster and will require a multifaceted attack. Why I diversified into other avenues to help explore my discontent.

Faith's creed.

The power has to be taken back through words & feet, holding assets will only take us so far.


http://www.youtube.com/watch?v=qDgnu5B1SJM

[gunDriller]

i listened to it a few times.

not Willie's best. he talks about the movement of metals to China, and cites 10 to 12 thousand tons.


when, i think, he meant pounds.

when you're talking about Gold, you need to get the units right.

Greg Hunter didn't correct him, just let it go.

[chad]

and then he threw in the part about hot latinas at the end!

[Horn]

and then he threw in the part about hot latinas at the end!

I still haven't been able to turn Uncle Salty on to those. :)

You know I sent Jim my resume when i first arrived here and he didn't reply, so I think Jim must be at least a little dumb. :)

[gunDriller]

and then he threw in the part about hot latinas at the end!

how i'm going to have to listen to it again ! :)

[mamboni]

i listened to it a few times.

not Willie's best. he talks about the movement of metals to China, and cites 10 to 12 thousand tons.


when, i think, he meant pounds.

when you're talking about Gold, you need to get the units right.

Greg Hunter didn't correct him, just let it go.

Nope, he meant tons. And I think he will be proved right.

[Neuro]

Nope, he meant tons. And I think he will be proved right.
10-12 thousand tons, seems a bit much, I don't think China has enough of a hold on the west to get that much. Everyone knows that who has the gold makes the rules! They get a few thousand tons before the default, and the rest get squandered away by the 0.001% that control the central banks...

[Son-of-Liberty]

Right! And you have very nice latissimus dorsi!

Thank you for the compliment kind Sir.

[Hatha Sunahara]

Willie also said in a recent interview (since August)--that the Fed/Government would 'bifurcate' the dollar. Meaning that there would be external dollars that are now held by foreigners, and internal dollars now held by Americans. This is one way you can 'devalue' the dollar. Just declare that the dollars held by Americans are worth only half as much for purchasing imports. Not sure if he said that in this interview cuz I haven't listened to it yet, but it is obvious from the comments thus far that he didn't allude to his earlier prediction, or someone would have picked up on it.


HathA

[mamboni]

Willie also said in a recent interview (since August)--that the Fed/Government would 'bifurcate' the dollar. Meaning that there would be external dollars that are now held by foreigners, and internal dollars now held by Americans. This is one way you can 'devalue' the dollar. Just declare that the dollars held by Americans are worth only half as much for purchasing imports. Not sure if he said that in this interview cuz I haven't listened to it yet, but it is obvious from the comments thus far that he didn't allude to his earlier prediction, or someone would have picked up on it.


HathA

He made these claims in his October Newsletter and had alluded to them ever earlier.