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  • Powell says he would be concerned now about the level of U.S. debt

Added at 10:25am

Added at 10:25am

You misspelled "at 23 TRILLION debt it's time to get smart (Bitcoin) or keep printing trash"


Fixed it
Hi
Quoting Not-KPMG
In pictures below
You'll all see the future and the past

Results? So far Bitcoin 10000 crybabies 0. {image} {image}
If you follow the link it'll take you to Bitcoin-explained land

Welcome!
DXY will crash hard if this would be happening.
what Powell wants to tell us is that the depression is near
That's fine.
Quoting afevir
what Powell wants to tell us is that the depression is near
Hmmm...I see
M not understand what about crypto-currency?
Ouch .. what’s next ?
For the crypto morons,
- US debt is now growing much less than the economy growth
- and my colloquially fk you, crypto crook !
Total Confirmed
45.206

What would happen if the Chinese rebel to their government breaking the quarantine? if there are more than 60 million would be unstoppable
Quoting Not-KPMG
Hi {quote} If you follow the link it'll take you to Bitcoin-explained land Welcome!
Lol, you realize your first chart shows BTC going down to 6k by end of 2020 right? Maybe I buy then, but probably not, gold always better
Buy gold ?
Its ridiculous that thread after thread is hi-jacked by a member obsessed with Bitcoin promotion.
Isnt there a seperate forum for crypto-currency traders? I do wish he would go there. This is boring.
The result is that a dozen posts on the news item, above theres hardly a handful have even addressed the substantive issue of the ballooning US current account deficit.
Quoting afevir
Total Confirmed 45.206 What would happen if the Chinese rebel to their government breaking the quarantine? if there are more than 60 million would be unstoppable
Well thank goodness that the Chinese people are obedient to their government and not like USA citizens. Oh I think that the Chinese learned their lesson about rebelling with Tineman Square AND Hong Kong as well
Quoting RossEdwards
Its ridiculous that thread after thread is hi-jacked by a member obsessed with Bitcoin promotion. Isnt there a seperate forum for crypto-currency traders? I do wish he would go there. This is boring. The result is that a dozen posts on the news item, above theres hardly a handful have even addressed the substantive issue of the ballooning US current account deficit.
Agree with Ross AGAIN! OMG!

So whats YOUR take on this?

My interpretation is that by saying this Powell opens the FED to further cuts in rates to finance the debt possible. Cut spending? This is the USA - no politician will cut spending. I dont like it but it is what it is
They never stopped doing QE. If there's a downturn they will just do more. DOW 100,000 doesn't seem so far-fetched now.
so they're not using QE aggressively already then? They're already operating at the level at the depth of the financial crash so he's going to go nuclear printing next with a Fed balance sheet set to infinity. You're going to see gold explode vertically with this madman
Quoting The Fool
They never stopped doing QE. If there's a downturn they will just do more. DOW 100,000 doesn't seem so far-fetched now.
we are witnessing the uncontrolled rise jump before the great fall
The way I see it every trade should be a straight-up business transaction devoid of emotion. If you want to build wealth you only take low-risk high reward bets. Look at every choice you make and take that approach. Make a bet only when you know the odds are in your favor. Trading is no different, approach it as a business, learn how to value capital, think of your self as a wealthy and cheap person looking for low-risk high rewards investments. Your concern is not to ask when do we jump in, instead, ask yourself if this a safe bet and if the answer is yes then you take it. Even the smallest of capital shall be multiplied and built with this mentality. Use it, own it! You can spot these opportunities in crypto trading as well First, learn to chart so you can see these opportunities developing, learn to properly gauge your risk-reward ratio and stick with one position size strategy.
Quoting RossEdwards
Its ridiculous that thread after thread is hi-jacked...
substantive issue of the ballooning US current account deficit.
LOL

You're hilarious

First it's NEWS.


Second - pack your bags and leave

Third - WHO CARES about American crippling debt??? Are you gonna solve it

Nooo.

Ergo - Bitcoin
Quoting WhipKream
{quote} Lol, you realize your first chart shows BTC going down to 6k by end of 2020 right? Maybe I buy then, but probably not, gold always better
You need glasses pal, and a calendar...

And we've been at 6000, and we chewed it ...
And we spat it out
Quoting Not-KPMG
{quote} You need glasses pal, and a calendar... And we've been at 6000, and we chewed it ... And we spat it out
My eyes are better than yours for sure. Especially when your own chart makes a case against you. Maybe in 2021 and beyond you get 50k, but definitely not in 2020, and for sure not without a correction. You use more emojis than a teenage girl. Hmm... I almost wonder if you're as narcissistic as one as well. You say we spend half the time in each of the bands, and clearly unless price drops like a rock between now and your next black divider line, there will be a drop to 6k before 50. Even with "The Halvening" you're gonna have to wait for "The Quartering" to see that 50k. Your post even before the chart says 'NEXT YEAR 60-90k.' But if I wanted a safe haven why would I trust something as silly as 1s and 0s over something actually scarce like PMs? Lol, artificial halvening is your scarcity, and it is no more safe than any other fiat which is cryptographically encrypted for transactionactional purposes. IE, bank transfers. I don't trust banks, but shit, they have the power to rule nations dumbo. You on the other hand are an imbecile who copy-pastes like a bot. I laugh everytime I think about warehouses full of computers going full blast to solve a puzzle, especially when the computational power required becomes more and more expensive as time goes on. Where does BTC and this exponential growth curve you have stop? $1million? Good luck convincing people their money belongs with techies instead of banksters and the government. If you haven't noticed they're already one in the same since the 90s. But anyways, I hope BTC goes to 30k, means SHTF and money will be made in anything with a "safe haven" status. Good luck.
They need to raise rates to force the reduction of binge borrowing. It is a must. There is no money left to bail out the system. Plainly stated by Powell. Basically he is warning Trump that he has no choice actually raise the rates in order to have room to cut in the future. There i said it for you Trumpy. Trump has become like a democrat not a conservative that believes in a balanced budget
Quoting Devas1
They need to raise rates to force the reduction of binge borrowing. It is a must. There is no money left to bail out the system. Plainly stated by Powell. Basically he is warning Trump that he has no choice actually raise the rates in order to have room to cut in the future. There i said it for you Trumpy. Trump has become like a democrat not a conservative that believes in a balanced budget
People have been saying the above since the 1970's
Quoting TudorIoan
For the crypto morons, - US debt is now growing much less than the economy growth - and my colloquially fk you, crypto crook !
crypto morons? I am almost certain, that on average, people trading in the crypto market (with more than a year of experience trading) are making more money than people are making (with the same experience) trading the Forex market. The Forex market is losing its luster. At some point, it will become a thing of the past. Digital currency is the future. Embrace it!
  • Post #26
  • Quote
  • Edited at 1:07am Feb 13, 2020 12:24am | Edited at 1:07am
Quoting WhipKream
{quote} Lol...BTC going down to 6k by end of 2020 right? Maybe I buy then, but probably not, gold always better
It's likely you permanently missed your opportunity to do that. As for gold, you only think it is better because you have been taught to think like that. Times change, and in time, minds change. Those that don't change usually live to regret it.
Quoting Not-KPMG
{quote} LOL You're hilarious First it's NEWS. Second - pack your bags and leave Third - WHO CARES about American crippling debt??? Are you gonna solve it Nooo. Ergo - Bitcoin
Crypto is a scam ...ergo, GOLD

Not-Konstantin-Ignatov
Quoting TudorIoan
{quote} Crypto is a scam ...ergo, GOLD Not-Konstantin-Ignatov
The same could be said about gold. Just because bad players have painted a bad picture in your mind about crypto, it doesn't make it a scam. Take an honest look at what you said. It doesn't make sense.

The real SCAM is fiat.
  • Post #29
  • Quote
  • Edited at 4:08am Feb 13, 2020 2:25am | Edited at 4:08am
Crypto currency is a giant garbage dumpster no doubt about it.
Primary, bitcoin was designed to move money so that the law enforcement can't track illicit earnings.
And that's a honest look on bitcoin.
Crypto crooks choke of hate because they will never escape taxes. Trying to evade tax is crooked ...and childish

Ultimately, bitcoin is a computer code, ...and that code only has value because other people say it does.
It doesn't worth anything, it's just a crooks and wannabes' game.

Not-Konstantin-Ignatov
Quoting here2there
{quote} The same could be said about gold. Just because bad players have painted a bad picture in your mind about crypto, it doesn't make it a scam. Take an honest look at what you said. It doesn't make sense. The real SCAM is fiat.
You are delusional. Go and buy some groceries - food for your family and buy a roof over your head. The two most important things a human can have.

The third most important thing is communication.

So, tell me now, which achieved the goal?

Time for you to wake up and start earning money, by the sound of it.
[quote=Not-KPMG;12750749]Hi {quote} If you follow the link it'll take you to Bitcoin-explained land


Hi. Interesting fact - Did you know Bitcoin was actually invented in Denmark in 1837
(By wankers)
Quoting The Fool
They never stopped doing QE. If there's a downturn they will just do more. DOW 100,000 doesn't seem so far-fetched now.
They're runningo out of levers. They can't get inflation above 2.0%.

They're unwilling to drop rates, because that will incite more fear among investors and a vote of no confidence on the green back.

Only option is QE. Japan is the canary in the coal mine for this project so US is sitting pretty in action/reaction to what their next move will be. If Japan hits massive roadblocks with this monetary experiment, that could give them some warning (as to what may come if they keep injecting?).

Crypto is still in its early phases, and Bitcoin is only good for pump and dumps. My theory on BTC, if US goes to war on 'X'. Buy. Massive Drug seizure, or bust (like JPMorgan cocaine seizure) sell. Because dirty money is taking a hit somewhere...

As far as i'm concerned BTC is only a money laundering vessel, riskier than FX.

Also, stop spamming promoting BTC it is non-relevant and annoying. (not you The Fool, but others in this thread).
True, if bitcoin would be something else but trash it would be relevant to comment at every US debt news.
Such as gold for instance.
But bitcoin is nothing but a sophisticated financial scam.
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  • Posted: Feb 12, 2020 10:25am
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