- Search Crypto Craft
- michaelpelly commented Sep 29, 2020
There is no bucket of money sitting somewhere. This so called “fund” have to get money out of the real economy - to help the real economy (what a joke). But the real economy says “no money, sir - look, pockets are empty”.
Germany says delay in EU recovery funds 'increasingly likely'
- michaelpelly commented Sep 28, 2020
His truth is not hidden. At least for the last 50+ years. Every one that is literate at least on some average level knows that big investment banks are laundering money.
The Hidden Truth Behind Money Laundering, Banks And Cryptocurrency
- michaelpelly commented Sep 24, 2020
Seeing how bad the situation goes with most Eurozone countries (season GDP drops with 15-20%) - I doubt very much someone will embraces the EUR to sink the USD.
Economist Stephen Roach issues new dollar crash warning, sees double-dip recession odds above 50%
- michaelpelly commented Aug 21, 2020
Example of the fact that when the brokers stop being cheaty and greedy (unfortunately that behaviour is hard-wired in the brains of their executives) - they might actually gain the confidence of the traders.
E-brokers defy odds by recording record trading revenue while dropping commissions to zero
- michaelpelly commented Jul 17, 2020
By looking at the price I only see falling peaks since mid Mar-2020 - where is this bullish buying trend you are referring to?
EURGBP False Break Could Offer Buying Opportunity
- michaelpelly commented Jun 17, 2020
Is there any thread where this bitcoin guy doesn’t pollute? I guess he never realised how economy works and that there is no printed or digital asset that lasts forever (like 80yrs - a lifespan). The only thing that lasts is your mind ability to ...
Powell: The federal budget has been on an unsustainable path for years now
- michaelpelly commented Jun 9, 2020
We keep listening this for 30 years... Oh, let me guess “...this time is different...”
A Crash in the US Dollar Is Coming
- michaelpelly commented Apr 23, 2020
And it never is going to be enough - since all those money end up in investment banks and ordinary Joe would see 0.01% of those thus no real economic boosts. This “phenomenon” is evident since the mortgage crisis of the 2008.
When US $8 Trillion in Global Fiscal Stimulus Still Isn’t Enough
- michaelpelly commented Apr 17, 2020
Relax :-). You probably did not missed it - there will be new prolonged dives for years to come that will give plenty of opportunities:-) - the problem is to have the capital when it happens.
A Pandemic Iceberg Hits the ‘Unsinkable’ U.S. Economy– A Map Ahead
- michaelpelly commented Apr 15, 2020
“Three miles island” incident has no comparison to the disaster Reactor 4 in “Владимира Илич Ленин” nuclear power plant, neither with the scale of disaster in Fukushima Daichi - just watch some documentaries.
Trump halts funding to WHO
- michaelpelly commented Apr 15, 2020
Really!? :-) That is a surprise! (how come we never figured this out a month ago when all economy seized) :-). Ma-a-n, there is so much quantity of “no-doing-no-thinking” people in the high levels of this world - it’s scary :-) (time everyone to ...
COVID-19 Crisis Poses Threat to Financial Stability
- michaelpelly commented Apr 12, 2020
The longer lockdown exists, the longer the business inertia is loosing the momentum. There are decisions that affect 3 months, 6 months or 2+ years of activities. Even if lockdown is lifted now - the inertia in 3- and 6-months decisions is lost and ...
The Human-Capital Costs of the Crisis
- michaelpelly commented Apr 10, 2020
You do realise that the numbers you state (like how much something is worth) are quite arbitrary and somewhat artificial. Something “worth” some price if there is a market and a buyer. The only real “need” the human has is 500grams food per day and ...
ECB’s Lagarde: A Cancellation Of Debts From The Crisis Seems Totally Unthinkable To Me
- michaelpelly commented Apr 9, 2020
I guess you imply that it will come and explode wildly into hyper-inflation? :-)
ECB’s Lagarde: A Cancellation Of Debts From The Crisis Seems Totally Unthinkable To Me
- michaelpelly commented Apr 9, 2020
I’m actually sure that in this decade it will happen - initially the resistance will be high, but debt can’t be amounted uncontrollably over the shoulders of the next generations without major consequences. The world bank lobby will have to swallow ...
ECB’s Lagarde: A Cancellation Of Debts From The Crisis Seems Totally Unthinkable To Me
- michaelpelly commented Mar 28, 2020
People got really into this. Official death statistics from Italy (attached). Under 20 deaths (60+ million population) of people under 40. 85% are above 70 and 80 with 2, 3 or 4 prior serious medical conditions. Only 3 (three) persons died under 40 ...
Trump signs $2 trillion coronavirus relief bill as the US tries to prevent economic devastation
- michaelpelly commented Mar 27, 2020
I’ve lived couple months in hyperinflation back in 1996 and I’m still alive... Yes - you would buy food with government stamps and coupons - everything else is not for freemarket sale but rationed. It lasted couple months and then currency was ...
US helicopter money
- michaelpelly commented Mar 27, 2020
It sounds like, looks like and it probably is a “kicking the can down the road” - when an economic shock is dampened in such ineffective ways, one can always expect bigger troubles later on. The sooner and stronger the shock is felt and absorbed - ...
US helicopter money
- michaelpelly replied Mar 18, 2020
All in - will buy it until 0! I missed a good opportunity (got some pennies) last time it was around $26 - same talks, same fears - it bounced wildly!
WTI Crude Oil Trading
- michaelpelly commented Mar 18, 2020
Just a question - are they gonna give the gas for free when oil reaches $0? :-), asking for a friend :-)
BOC's Gov. Poloz will not be announcing any new measures or actions today