Search found 40 matches

by gaddyslapper007
Thu Mar 05, 2020 12:37 pm
Forum: Cash
Topic: China Govt Digital Currency
Replies: 15
Views: 3473

Re: China Govt Digital Currency

A government digital currency is inevitable and the invention of Bitcoin probably expedited this.....from a government standpoint its perfect....tracing and taxing every penny sent, controlling the supply, freezing user accounts, .....its a government god send. for bitcoin....The question arises.......
by gaddyslapper007
Fri Jun 21, 2019 1:06 pm
Forum: Gold
Topic: Rethinking the Permanent Portfolio
Replies: 50
Views: 10661

Re: Rethinking the Permanent Portfolio

dualstow wrote:
Fri Jun 21, 2019 8:47 am
Didn’t Harry brush aside worries of gold price manipulation?
I haven’t listened to the Money Talk archives in a few years, but I think so.
yes he did. from what I recall...something along the lines of too large of a market / too many people to influence to hold the manipulation.
by gaddyslapper007
Fri Jun 21, 2019 8:17 am
Forum: Gold
Topic: Rethinking the Permanent Portfolio
Replies: 50
Views: 10661

Re: Rethinking the Permanent Portfolio

When any crypto begins to wrack up serious transaction value, governments will be involved. Anyone who does not believe this I think is delusional. This I agree with....the question becomes WILL they do anything about it? - If yes, ....CAN they do anything about it? - - Government CANNOT control Bi...
by gaddyslapper007
Fri Jun 21, 2019 8:07 am
Forum: Gold
Topic: Rethinking the Permanent Portfolio
Replies: 50
Views: 10661

Re: Rethinking the Permanent Portfolio

Libra is pegged to US dollar. (AKA not a gold replacement) Facebook will be the bank. Government will regulate / have oversight over facebook as they are subject to money transmission rules and somewhat accountable for their users actions. (KYC Regulations) They are a better PayPal now. (maybe) "Cry...
by gaddyslapper007
Mon May 20, 2019 11:23 am
Forum: Variable Portfolio Discussion
Topic: Invest like Buffett?
Replies: 27
Views: 5087

Re: Invest like Buffett?

He's not "normal" in many ways which gives him a HUGE edge as an investor....1. has a photographic memory, 2. reads like 80% of his waking hours (like earnings reports..yuck). I simply cannot compete with this....nor would want too His overall playbook is rather simple though.....I use for the broad...
by gaddyslapper007
Thu May 16, 2019 5:54 am
Forum: Gold
Topic: Time to Return to the Gold Standard?
Replies: 57
Views: 8813

Re: Time to Return to the Gold Standard?

> if the US outlaws BTC The US gov is big business. Do Gates, Buffet, and Bezos want Bitcoin as the currency? From my understanding......Gates originally liked the idea of BTC, then later shunned it......not sure of his stance now. Seems like recall reading something recently that Microsoft is buil...
by gaddyslapper007
Wed May 15, 2019 11:44 am
Forum: Gold
Topic: Time to Return to the Gold Standard?
Replies: 57
Views: 8813

Re: Time to Return to the Gold Standard?

5. Agree...Per my above post. Government prints paper, government demands taxes be paid in said paper, threatens people to pay taxes or go to prison, <-- Voila! Paper now has value amongst the people! My point.....like it or not, BTC has been existence for 10 years and gets stronger more adopted by...
by gaddyslapper007
Wed May 15, 2019 11:30 am
Forum: Gold
Topic: Time to Return to the Gold Standard?
Replies: 57
Views: 8813

Re: Time to Return to the Gold Standard?

5. Agree...Per my above post. Government prints paper, government demands taxes be paid in said paper, threatens people to pay taxes or go to prison, <-- Voila! Paper now has value amongst the people! My point.....like it or not, BTC has been existence for 10 years and gets stronger more adopted by...
by gaddyslapper007
Wed May 15, 2019 8:55 am
Forum: Gold
Topic: Time to Return to the Gold Standard?
Replies: 57
Views: 8813

Re: Time to Return to the Gold Standard?

1. I'm saying inflation does not of itself discourage savers unless a positive real rate of return is not achievable. No doubt negative real rates do happen from time to time and that does tend to discourage saving (or so we thought...but now we have negative yielding sovereign bonds.) 2. "Responsi...
by gaddyslapper007
Wed May 15, 2019 8:30 am
Forum: Gold
Topic: Time to Return to the Gold Standard?
Replies: 57
Views: 8813

Re: Time to Return to the Gold Standard?

It might be simpler to forget gold/bitcoin, and first wonder what would happen if the Fed disabled their (digital) printing press Good idea... thought experiment!.....Rules 1. so gold / bitcoin never existed before as currency nor will they. 2. US government made mandatory tax payments be collected...
by gaddyslapper007
Tue May 14, 2019 11:47 am
Forum: Gold
Topic: Time to Return to the Gold Standard?
Replies: 57
Views: 8813

Re: Time to Return to the Gold Standard?

1. Wrong. That's why we have "real" interest rates. Without real interest rates no one in their right mind would save anything. And this does not change in a fixed monetary system. 2. Why did you duck answering the hardest question I put to you? Read up on on the 1930s and provide the answer. The b...
by gaddyslapper007
Mon May 13, 2019 3:28 pm
Forum: Gold
Topic: Time to Return to the Gold Standard?
Replies: 57
Views: 8813

Re: Time to Return to the Gold Standard?

Tn, How is it stolen and to whom do the benefits and costs go from inflation? ANSWER: Inflation steals from savers .....it discourages saving as the dollar becomes worth less over time....therefore encouraging spending, investing & debt....therefore "benefiting" the economy and punishing savers. Am...