4chan archive /biz/ (index)
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2021-02-17 01:31 28942710 Anonymous (Peter-Schiff.jpg 346x346 19kB)
>one of the very few mainstream austrians left
>constantly mocked by everyone in finance since 1990
>call the dotcom bubble but everyone calls you crazy
>call the housing bubble but everyone calls you crazy
>call the "recovery" from 2008 a sham but everyone calls you crazy (until 2018)
>everyone ignores your thesis on debt, fiat, and unsustainable economics
>after years of suffering, finally people start to realize you've been right all along
>people begin to wake up to the fed and accept your view on the fundamentals
>they call you a stupid boomer and say bitcoin is the future and gold is just a shiny rock
He's a bit too stingy and milks his followers too much, but I do feel bad for the guy sometimes.
1 min later 28942778 Anonymous
He’s right about everything except Bitcoin.
1 min later 28942799 Anonymous
He’s right about everything apart from Bitcoin and desu I think the only reason he dislikes Bitcoin is cause he’s a boomer and he refuses to understand it.
2 min later 28942845 Anonymous
lmao they still are tring to shill this shit on /biz/
fys and remove your 4chan acc
so stupid to check how you try to scam people
I’m not a retard who believes in this shit, I use Bot Ocean for profitable trading with unique strategies
3 min later 28942868 Anonymous
>>28942778
>everything he pointed out is reaching new ath
how is he right about anything>
3 min later 28942876 Anonymous
>>28942799
Checked. This.
3 min later 28942878 Anonymous
literally sounds like a shill, stupid pajeet scam
> do u think we are real faggots here?
>I bought bot ocean coins and wait for full platform for dex trading launch
smart boy knows what tools to use for top trading
4 min later 28942965 Anonymous
>>28942710
he shouldnt care about being taken seriously.
just shut up, invest and make money
5 min later 28943040 Anonymous
>>28942778
He's right about bitcoin too though. maxi cucks are delusional. just look at eth. eventually someone will fucking just come and rip it and make it better and people will switch like is happening with the chink binance chain.
6 min later 28943050 Anonymous
>>28942710
Apart from crypto there will be lots of regrets to not listen some of stuff he says.
6 min later 28943056 Anonymous
>>28942778
>>28942799
He might be right. You can only have a single backing for currency, whether it's Bitcoin or gold remains to be seen. I think it's still a toss-up.
>>28942845
>>28942878
The pajeet bots are breaking.
>>28942965
>who gives a fuck about fundamentals just get rich lmao
enjoy the bear market
6 min later 28943061 Anonymous
>>28942778
>>28942799
agreed. i watched some joe rogan podcasts with him and it seems like his main argument on BTC is that it “isn’t tangible”.
7 min later 28943098 Anonymous
>>28942710
The fun part is, the guy only pretends to hate bitcoin
He's loaded on bitcoins, he's playing both sides and you faggots are falling for it hook line and sinker
7 min later 28943115 Anonymous
He is not completely wrong about bitcoin. Those shitcoins investments are crazy just like the .com bubble. But bitcoin is not shit. Its like Amazon in 1999. There were a lot of shit .com stocks, mas Amazon was not. Its survived and rocket.
7 min later 28943137 Anonymous
>>28942868
You really want to start paying attention. The world’s economy was about to crash before COVID conveniently arrived.
Fiat currencies have been destroyed.
All assets are hyper inflated.
There is too much debt.
There is no growth.
All the things he has warned about.
8 min later 28943146 Anonymous
>>28943061
no, his argument for bitcoin is that it's a fucking computer program and can be copied in a split second infinitely whereas the only way you're forging gold and silver is if you are a dying star.
8 min later 28943160 Anonymous
>>28942799
>he dislikes Bitcoin is cause he’s a boomer and he refuses to understand it.
Why are boomers like that?? Why do the always refuse to understand new tech or new things?? Will we also be like that once we are old and something new comes up in the future?
9 min later 28943193 Anonymous
>>28942710
>missed out on the two biggest bull markets in history ( stock market recovery after 2008 and Bitcoin) and promoted shiny rocks instead
Dumbest retard in existence
9 min later 28943199 Anonymous
>>28943098
Could, desu.
9 min later 28943205 Anonymous (20210212_063643.jpg 937x525 75kB)
>>28942710
10 min later 28943255 Anonymous
>>28943199
Not could, he is loaded. We know it.
Hell the dude even accepts BTC payments on his site
Remember what Musk was saying about BTC in december ? That it was useless and would never go anywhere ? Oh wait, turns out he had 1,5bil of it.
FUDDers are ALWAYS holders.
10 min later 28943269 Anonymous
I've listened to him for years and can predict what he's going to say next but his advice has financially crippled me. I was ready to buy bitcoin at 3000 but he convinced me that it could easily drop to 2013 levels
10 min later 28943272 Anonymous
>>28942799
no he's just salty that he lost access to his wallet because he's retarded.
11 min later 28943284 Anonymous
His problem is that he seems to think that Bitcoin is meant to be a replacement for the FIAT currency. In truth, Bitcoin is meant to be a replacement for the entire system underlying FIAT currencies.
12 min later 28943343 Anonymous
>>28942778
How? It's 2021 and there is STILL no scalability solution. There's still not even a centralised "solution". The only thing close to it is "sending" btc from your Coinbase account to someone elses Coinbase account. I don't even care if the scalability solution means centralisation since at least the "new" finance system will be using Bitcoin instead of fiat. But here we are with maxis hitting peak delusions with absolutely 0 solutions. Where is lightning? Fucking ridiculous. The only value in blockchain currently is Ethereum and Chainlink and maybe some DeFi apps although the tokens they use are mostly for governance. The whole reason to buy Bitcoin is to sell higher.
12 min later 28943352 Anonymous
Schiff is based, official mascot of /biz/
12 min later 28943364 Anonymous
Well you gotta be wrong once. He was wrong once and it happened to be the worst wrong in history
Welcome to the new paradigm
13 min later 28943411 Anonymous
>>28943343
ln is already built into electrum
14 min later 28943458 Anonymous
>>28942799
A Boomer literally made Bitcoin
16 min later 28943566 Anonymous
>>28943284
That's not actually what he thinks, it's the opposite. his contention is that it's a speculative asset like any other speculative asset and there is nothing else to it. There is no functionality therefore it's just as bad as fiat, only at the moment it's trending upwards.
16 min later 28943572 Anonymous
>>28943343
Bitcoin is a store of value. The devs fucked up and it can never be a cash or payment system now.
So long as the world’s top companies keep buying BTC for their treasury and fiat currencies continue to be printed, Bitcoin will remain the number one digital store of value.
It’s just the way things are, whatever your opinion on the technical merits of Bitcoin or any other crypto.
19 min later 28943723 Anonymous
>>28942710
He is right about Bitcoin
>Pro tip; what a man thinks and says aren't always the same thing
>He recognises that money printing is the only thing keeping the debt bubble inflated
>obsessed with BTC, tweets about it all the time
>Has a sock puppet twitter, his "son" who popped up early 2018 and only ever tweets about finance and Bitcoin too, except this account is strongly pro BTC
Guaranteed he's stacking sats like the OG he is
19 min later 28943739 Anonymous
>>28943572
Peter literally said in a recent podcast that Elon bought btc purely as either a hedge against the dollar or to distract from his own waning shares which are in an obvious bubble
19 min later 28943745 Anonymous
>>28942710
>>call the dotcom bubble
Dotcom was before its time and the prices just cooled off, currently most top stocks are all tech plays.
>>call the housing bubble
Again a small correction, housing are all ATH
>>call the "recovery" from 2008 a sham
EVERY SINGLE MARKET is at an all time high.
19 min later 28943752 Anonymous
>>28943572
>So long as the world’s top companies keep buying BTC for their treasury and fiat currencies continue to be printed, Bitcoin will remain the number one digital store of value.
It’s just the way things are, whatever your opinion on the technical merits of Bitcoin or any other crypto.
Woah Nelly every time I come to /biz/ I get extremely bearish.
>so long as people keep buying the price will keep going up
>so long as the price keeps going up, it's a store of value
You're like a Schiff strawman. Are Tesla shares good stores of value, anon? What about Bitconnect pre 2018? Enron stock in 2000? Tulips? Come on now.
21 min later 28943864 Anonymous
Everything Peter says about bitcoin is exactly what hodlers believe, the only difference is that Peter thinks it's bad and hodlers think it's good
22 min later 28943880 Anonymous
>>28943040
Right, Bitcoin is too slow and will die after it is all mined.
22 min later 28943886 Anonymous
>>28943160
I think the technology jump from people born pre 80s/90s to people born during or after is the biggest in history. I don't think we will see such a tech jump when we are 50+.
We had proper games consoles, internet for all, smart phones all invented and mass produced within like a 20 year period.
22 min later 28943916 Anonymous
>>28943752
Kek, you’re the straw man, retard.
I said ‘world’s top companies’ not ‘people’.
Now go back to weddit.
22 min later 28943930 Anonymous
>>28942778
He's right about everything including bitcoin. The real problem there is the old "market can stay retarded longer than you can stay solvent" bit. By all accounts Bitcoin should be dying from nearly any perspective you take on it, especially if you wholeheartedly believe in a future of crypto and decentralized finance. It's the boomer's zoomer and the zoomer's boomer.
24 min later 28944028 Anonymous
>>28943745
>prices just cooled off in 2001
all markets corrected 80%, the nasdaq dumped 90%. Is this your idea of cooling off?
>Again a small correction, housing are all ATH
a function of interest rates, not the fair price of a house. Put rates back to 2005 levels (5%) and tell me how much you can sell your house for.
>EVERY SINGLE MARKET is at an all time high.
again, rates being low because the Fed is printing money to buy bonds and lower yields (aka interest rates). Raise rates back to even 1% and the market will go straight back down to March levels.
>>28943916
>company dollars are different to people dollars
jesus christ /biz/ has been flooded with newfags or drooling idiots since March.. What happens to BTC when all the companies that want to buy stop BTC stop buying?
24 min later 28944034 Anonymous
>>28943886
Yeah, invented by fucking boomers and pre-boomers.
Age has nothing to do with Schiff’s take on Bitcoin. He built his company and reputation on gold, for the most part, that’s why he has to talk it down.
26 min later 28944119 Anonymous
he owns a ton of btc, mark my words
30 min later 28944338 Anonymous
>>28944028
I don’t know if you’re being intentionally obtuse, but when the entirety of the world’s elite companies have bought a few million USD of Bitcoin for their treasuries, BTC will be priced around a million dollars.
And you think it will then crash because, whatever.
31 min later 28944339 Anonymous
>>28943572
Store of value needs some actual use. For example if there was even a centralised layer/service where you could near instantly send Bitcoin for almost no fees(you can also use the main chain and pay the big fees plus wait time), then that would give some legitimacy to the store of value argument. However almost nobody that buys BTC uses it. You can't logically argue that something is a store of value because it has gone up for 12 years and a lot of people and companies keep buying it. Madoffs fund went up for almost 20years or something before it collapsed. 12 years is fuck all. Ethereum once moved to the proof of stake model with supply cap would be a lot better store of value since you NEED ETH to be able to create smartcontracts or send tokens. Same way you NEED LINK to get data from Chainlink's Oracle Network. Same way you NEED $ to pay for Oil otherwise you'll be expecting a lot freedom soon.
36 min later 28944629 Anonymous
There's no use case for BTC, he's absolutely right.
BTC is simply a speculative asset with no inherent value other than being the first crypto.
37 min later 28944659 Anonymous
>>28944338
>when the entirety of the world’s elite companies have bought a few million USD of Bitcoin for their treasuries, BTC will be priced around a million dollars. And you think it will then crash because, whatever.
Stop. Think about what you're saying. Let's assume this happens and every company holds BTC and it's $1m. What happens when those companies need to cash out some of their balance sheet of BTC to buy materials to make their products with, or pay wages, or buy/lease land for their business? They have to SELL. And then when they sell, the value of every other company's asset sheet goes DOWN. So the first company to sell gets a million dollars per BTC, but the thousands only gets 300k per BTC and have lost 4-5 years of operating costs and have to shut down.
>b-but they won't sell they'll just trade BTC for their business inputs
which means less goods overall to purchase, driving the price up, and BTC becomes less valuable. It's the exact same scenario. The gold standard had the same phenomenon.
>And you think it will then crash because, whatever.
Reddit and crypto twitter are perhaps more your thing, friend. If you don't understand why assets prices fluctuate you're probably 16 and have little understanding of businesses, money, or economics.
37 min later 28944698 Anonymous
>>28944339
Bitcoin’s primary use in the future will be to act as digital bearer bonds between companies. They will swap BTC much like they swap IP.
If I want to sink my life savings into such a system, I’ll probably do ok in the end.
Desu, what really surprises me is Schiff doesn’t harp on about how ungreen Bitcoin is. That’s its real Achilles heel.
39 min later 28944790 Anonymous
Peter Schiff is a broken clock.
You might not like the mechanisms behind it, but the fact is as an investor he is absolutely awful. If you invested with him, you missed out on the biggest stock market bull run ever because he believes its a sham. All he can do is shill precious metals which are suppressed and perform terribly in modern markets, and it loses his clients money.
40 min later 28944818 Anonymous
>>28944659
Check out this advert for Dunning-Kruger.
45 min later 28945084 Anonymous
>>28944119
He admitted that his son bought heaps at 12K
47 min later 28945149 Anonymous
>>28942710
>jew
Nothing else matters.
47 min later 28945173 Anonymous
His son Spencer is some kind of genius. Has all the knowledge of his dad but somehow knew exactly when bitcoin would start to moon
49 min later 28945274 Anonymous
>>28944659
So what’s the solution then?
Oh wait, your lazy ass doesn’t have one
Bitcoin is the fastest horse in the race, so it’s going to continue to be adopted, whether you like it or not
50 min later 28945307 Anonymous
>>28943137
>You really want to start paying attention. The world’s economy was about to crash before COVID conveniently arrived.
there's literally an article by Ray Dalio from like october 2019 where he predicts the market crash in march. That's before covid was a thing. Conveniently the market crashed in march 2020 due to covid. It's all theater for the masses.
51 min later 28945379 Anonymous
>>28943269
kek
52 min later 28945393 Anonymous
>>28943916
you ignored everything he said and it shows how low iq you are.
56 min later 28945656 Anonymous
>>28942710
Is he the boboposter that always post "-insert BTC milestone here- rejected"?
58 min later 28945741 Anonymous (1597703691290.gif 500x522 91kB)
>>28944028
Peter is smart about economic theory but he is absolutely blue-pilled. What Peter doesn't understand is that TPTB are 100% committed to riding this failed monetary policy experiment to its bitter, inevitable conclusion wherein the wheels fall off and everything goes up in flames. At no point will they recognize the error of their ways and advocate for a system of sound money. Rates CAN'T go back up because that would spell the end of GloboHomo™ and thus the end of their power. They'd rather have half the entire world destitute and starving under a system of infinitely-printed Tanzanian funny money than have sound monetary policy. So as long as we live in clownworld, BTC will remain a good hedge and store of value because there will never again be a time wherein gold, stocks, real estate, (read:everything) aren't manipulated or massively inflated. Peter's going to have to wait for the whole system to blow up and when that does happen, he'll wish he had invested more in his physical fitness, ammunition, food, and shelter.
1 hours later 28945827 Anonymous
>>28945656
Kek, that’s funny.
1 hours later 28945857 Anonymous
>>28944629
It's the reserve asset used in the entire blockchain ecosystem. If bitcoin falls, all crypto falls, so everyone in crypto has a vested interest in making bitcoin go higher.
1 hours later 28945907 Anonymous
>>28945741
This anon gets it.
1 hours later 28946038 Anonymous
>>28942799
There's nothing to understand you stupid fuck. It's purely speculation
1 hours later 28946078 Anonymous
>>28943458
Lmao kys. Gen X did. Sirgay
1 hours later 28946183 Anonymous
>>28942710
He didn't call the do com bubble. Also the guy has been calling everything a bubble every year since 2006.
1 hours later 28946318 Anonymous
>>28945741
Literally everything you just said up to endorsing bitcoin is exactly what Peter says all the time
1 hours later 28946399 Anonymous
>>28945741
I just got a hard on
1 hours later 28946475 Anonymous
>>28946318
I don’t think Schiff is red-pilled, though. He sees the giant con trick but I don’t think he believes the entire power structure is actually evil, which desu, much of it is.
1 hours later 28946483 Anonymous
>>28945741
>and store of value because there will never again be a time wherein gold, stocks, real estate, (read:everything) aren't manipulated or massively inflated
not only do you have no idea what you're talking about but you naively think bitcoin isn't manipulated and massively over inflated based on nothing.
1 hours later 28946591 Anonymous
>>28946475
The fact that you think bitcoin is some kind of rebellion against tptb when they're all buying it is funny
1 hours later 28946653 Anonymous
>>28943930
>"market can stay retarded longer than you can stay solvent"
Too high IQ for the retards in this thread.
1 hours later 28946750 Anonymous
>>28946591
I don’t believe anything of the sort.
1 hours later 28946751 Anonymous
>>28946183
>everything a bubble every year since 2006.
it's almost as if thats when the fed started printing unfathomable amounts of money to inflate the entire world into a bubble
1 hours later 28946886 Anonymous
>>28946183
We're in the everything bubble right now . Everyone in this thread from both sides of the argument are all saying the exact same things it's just that coinholders think we're so far detached from reality that it does matter. They're right but at some point the world will suddenly and violently snap back to reality. Who knows how much longer clown world can persist. On a long enough scale Schiff is right.
1 hours later 28946893 Anonymous
The problem with Schiff is that if you're already rich, you can just do what he says and you sustain your wealth.
For a person with no net worth trying to "make it" his advice is not only useless, but even harmful. You could be a billionaire if you did exact opposite of what he said for the last 10 years.
1 hours later 28946902 Anonymous
>>28945741
>So as long as we live in clownworld, BTC will remain a good hedge and store of value because there will never again be a time wherein gold, stocks, real estate, (read:everything) aren't manipulated or massively inflated.
But isn't that the case with Bitcoin as well? I know the Chinese essentially control the mining of the coin and now with big banks buying it I cannot see how it won't be manipulated as well.
1 hours later 28946984 Anonymous
>>28942710
He's a top 1% Jew. Don't feel too bad. He certainly doesn't.
1 hours later 28947016 Anonymous
>>28942710
He's never been right about anything. Ever. Nothing wrong with gold but he's just a silver/gold coin salesman scrabbling for people to coin. Like harry 'bullshit' dent, gerald 'fullofshit' celente' and all the others in the big smelly circle of doomer jerkers. His business model is stupid tards like OP
1 hours later 28947051 Anonymous (7406ef1e38e5b4f50c20ed65d1b289ee.jpg 6000x3375 1650kB)
>>28946318
Wrong. Peter believes in some sort of gay, make-believe soft transition wherein we'll suffer some 2008'esque crash except no banks get bailed out and politicos magically recognize the errors of their ways. It's a fucking fairy tale in which his beloved gold plays a key role. Remember: (((they))) will continue to double-down until the entire western world is destroyed. Fuck a trillion dollar stimulus, why not a QUADRILLION? There will NEVER again be a western society with sound monetary policies. There is only clownworld and the fiery hellscape that succeeds it wherein Peter's daughter's are pimped by warlords in abandoned cities in exchange for weapons and drugs.
1 hours later 28947116 Anonymous
>>28947051
gold backed currency was not 'sound' economics either shit brain, see the 1920s. You're a tard
1 hours later 28947154 Anonymous
>>28942710
bubble ideology gives kikes a pass to crash the economy to accumulate more of our wealth.
the economy is a golem they've animated with our taxes
1 hours later 28947189 Anonymous
>>28946902
Yes, and your goal is to get as rich as possible, as quickly as possible. Everybody lives in clown world now. How do people still not get this?
1 hours later 28947251 Anonymous
>>28947189
Muh 'clown world' the world has always been full of tards and it was when currency was gold backed
1 hours later 28947373 Anonymous
>>28947116
>RO0Mtemp IQ ID
1 hours later 28947458 Anonymous
>>28947189
>yes it’s already over inflated so buy it so millions of normies can dump on you
1 hours later 28947470 Anonymous
>>28947051
He continually says the fed can't and won't ever raise rates and his argument is that the fed will eventually lose control over the economy completely and everyone will flee the USD because it's trash. He just doesn't think people will flee to bitcoin, they'll flee to gold and silver. Nothing to do with fed policy, people will do it because the dollar is fucked. Coiners have the exact same argument. I've listened to this guy for years
1 hours later 28947637 Anonymous
>>28944629
>inherent value
how to spot a midwit
1 hours later 28947684 Anonymous
>>28943115
Great analogy. I’m old enough to remember when Amazon was a place poor college kids got their books Amd that was it. It was not the behemoth it is now hard as it is to imagine. Bitcoin showed up similarly and it’s real world application was buying CP, drugs and guns on Silk Road. Whether or not Bitcoin has much of a future I can’t say, but I wouldn’t be surprised if it disappeared as quickly as it showed up. If it does have a future it will be like Amazon and in a way that most people can’t imagine
1 hours later 28947931 Anonymous
>>28947637
He's right
1 hours later 28947944 Anonymous
>>28947684
Apples and oranges
1 hours later 28947975 Anonymous
>>28943572
"stores of value" don't drop fifty percent in one day. "stores of value" also have people preferring to hold this asset over anything else. The only reason people invest in crypto is to increase their fiat holdings. Not a store of value. A ridiculous statement.
1 hours later 28948095 Anonymous
Whatever your opinion of Schiff, I’d recommend his Podcast. It’s entertaining that any one person can be so belligerent, irrespective of whether they are right or wrong.
1 hours later 28948235 Anonymous
>>28947975
To be perfectly fair peter's contention that gold is a store of value is flimsy and is only predicated on the belief that people believe it's a store of value. It is a better case than bitcoin but it is not as strong as he makes it out to be
1 hours later 28948274 Anonymous
>>28947975
You obviously haven’t met many people who don’t hold fiat. It’s surprising common, desu.
1 hours later 28948276 Anonymous (A8082406-7CBF-4F03-938C-1F9C9B6C76E6.jpg 360x450 54kB)
>>28948095
He is rude and demeaning to those he debates.
1 hours later 28948292 Anonymous (A7DD6BB7-D0D0-43E6-9AC1-8FDA28D024A2.gif 220x146 88kB)
>>28943572
What is its “value” and where is it stored?
1 hours later 28948315 Anonymous
>>28948235
Gold is a store a value.
> only predicated on the belief that people believe it's a store of value
Like bitcoin and fiat money.
1 hours later 28948358 Anonymous
>>28948276
It’s funny, innit.
1 hours later 28948382 Anonymous
there's a level of cognitive dissonance required to be fully clued in on the entire monetary and financial system being a sham and ignoring the modern replacement for it that is already supplanting it.
I listened to this boomer and bout $50k of physical gold and silver in 2015.
you know how fucking rich I'd be if I put 10% of that into bitcoin?
(but I was still scared because of mt.gox and other very real political factors that still loom large)
1 hours later 28948411 Anonymous
>>28948274
"holding crypto" is holding fiat money, because you check the value every single day and make posts whenever it goes up and whenever it crashes. If it was truly a "store of value" you wouldn't give a shit what the exchange rate was into dollars because you wouldn't care. You primary focus would be to acquire more of whatever this "store of value" asset was.
1 hours later 28948423 Anonymous
>>28943930
>The boomer's zoomer and the zoomer's boomer
Love this wording. Good perspective anon
1 hours later 28948452 Anonymous (Clipboard01.jpg 425x495 19kB)
>>28942710
>after years of suffering, finally people start to realize you've been right all along
Yeah I'm sure people are now very upset about not following his advice and buying gold a decade ago. They could've had the exact same amount of money today, just think of that
1 hours later 28948555 Anonymous (F0BD25D8-3466-4557-9CAC-C76688DB1D1C.jpg 770x1260 297kB)
>>28948315
>gold
>value
How valuable will it be when we are a multi planetary species mining asteroids for gold? Bitcoin is a hedge against the future of humanity. I understood this when I heard of this project at the beginning.
1 hours later 28948561 Anonymous
>>28945741
>thinks that Bitcoin isn't manipulated
China can take a big fat dump on the market at any second now. the house of cards will collapse
1 hours later 28948571 Anonymous
>>28948315
I can’t believe there are so many economically illiterate people on this board. Seems the OG anarcho capitalists and crypto fags have moved on to brighter shores (possibly cashing out and retiring to Dubai).
- Gold has thousands of years of human history to back up the belief it is a store of value
- Bitcoin is pretty much the best store of value in the world today
- Modern fiat money isn’t a store of value, you don’t notice it being devalued in real-time because the game is so well played
1 hours later 28948592 Anonymous
>>28948382
If you'd have bought gold in 2015, you would now have 78,000. A fifty percent return in five years. In any world that is a great return on investment and in fact it would be considered stellar. Maybe the problem is people expectations and the fact that our market is clown world.
1 hours later 28948595 Anonymous
>>28942868
He never said the price of these other things can't go up. In fact, he predicted the money printing would prop up the prices until the bubble pops and everything crashes.
1 hours later 28948623 Anonymous
>>28948315
My testicles are a store of value that doesn't mean anyone's willing to barter for what's inside
1 hours later 28948644 Anonymous
>>28948382
a gamble that will go to zero is stilla gamble that will go to zero even if it hits 50k first nigger. you are only proving the point that gold is a store of wealth while bitcoin is a complete gamble, not digital gold.
1 hours later 28948665 Anonymous
>>28948555
Not going to happen for three hundred years and you are a cuck for thinking that it will happen any time soon.
1 hours later 28948676 Anonymous
>>28947373
the same shit the same tardonomics from da pundits and coin sellers every cycle. You're a egotistic brainlet who sips stale shit your insight into economics is from bullshitters and youtube. You are the tard phrases like 'neoliberalism' and 'late stage capitalism' drip from you along with shit from zero hedge. You're the fucking victim and you deserve it
1 hours later 28948680 Anonymous
>>28942710
He's been right on everything if you shine certain lights on the context.
but being right doesn't always make money
1 hours later 28948722 Anonymous
>>28948555
>muh space mining!! I FUCKING LOVE SCIENCE
we got a muskcuck r*dditor here lads
1 hours later 28948724 Anonymous
>>28946591
what is "tptb"? I keep seeing that
1 hours later 28948742 Anonymous
>>28948724
Jews
1 hours later 28948750 Anonymous
>>28948411
You obviously haven’t met many people whose only financial objective is to accumulate more crypto
1 hours later 28948760 Anonymous
>>28948722
>muskcuck r*dditor
>>28948676
>phrases like 'neoliberalism' and 'late stage capitalism' drip from you along with shit from zero hedge
>>28948722
>r*dditor
1 hours later 28948799 Anonymous
>>28948571
"why is bitcoin a store of value?"
Because people believe in it!! 1!
"oh well a lot more people believe in gold and have believed in it for all of human history, is it a store of value then too?"
NO UR ECONOMICALLY ILLITERATE
1 hours later 28948819 Anonymous
>>28948742
what does it stand for?
1 hours later 28948826 Anonymous
>>28944698
Ungreen? As in, not green/new? If that's what you mean I disagree. Yes tech evolves and followers chase efficiency but only to the extent they have trust in a trustless system. Trust == tradition == btc. First mover advantage doesn't begin to describe what btc has going for it.
1 hours later 28948859 Anonymous
>>28948680
Peter would like you to buy his pen just like mike maloney, gerald celente, harry dent and all the other tard milkers
1 hours later 28948860 Anonymous
>>28948644
That fifty k in gold would be worth 78k now. By all measures a great investment.
1 hours later 28948887 Anonymous
>>28942710
I like peter
he's just a gigantic retard when it comes to bitcoin
1 hours later 28948896 Anonymous
>>28948826
Massive waste of electricity to mine.
1 hours later 28948955 Anonymous
>>28948826
>green/new
>>28948676
>tard phrases like 'neoliberalism' and 'late stage capitalism' green/new drip from you
1 hours later 28948961 Anonymous
>>28948750
Desperation to make fiat money doesn't mean "trying to aquire more crypto". The only people who "believe" in crypto all bought in early, or they only make up less than ten percent of the crypto worldm every one else is speculating, desperate to turn it into more fiat.
1 hours later 28948962 Anonymous
>>28948887
He just sees a big chunk of his potential customers barking up a different tree. He lost control of the narrative
1 hours later 28949031 Anonymous (csmptb3sns651.jpg 1400x1622 137kB)
>>28948799
>posts a conversation with a strawman
How do you not cringe doing this shit
1 hours later 28949036 Anonymous
>>28948819
The Jews That Be
1 hours later 28949104 Anonymous
>>28948819
The pedos that be
1 hours later 28949113 Anonymous
>>28948382
If you had biught 50k worth of silver it would be worth $86000 today, in five years. Again, by all means and measures, that is a great investment.
1 hours later 28949233 Anonymous
>>28949031
Gold is highly portable, verifiable and divisible.
I'd rather have gold than bitcoin.
1 hours later 28949304 Anonymous
>>28949031
Also what even is "censorship resistant"? What a complete joke. You can't censor gold. You can censor bitcoin so easily.
1 hours later 28949338 Anonymous (images - 2021-02-17T223012.035.jpg 452x678 42kB)
>>28949031
>gold
>portable
>D
Nigga what
2 hours later 28949438 Anonymous
>>28942799
If you're buying Bitcoin instead of silver right now, you're the boomer
2 hours later 28949521 Anonymous
>>28948961
Who the fuck is trying to acquire more fiat? All they want to do is get rid of it.
2 hours later 28949541 Anonymous
>>28949438
this guy fucking gets it. anyone holding a good amount of silver will be the new kings over the next 10 years
2 hours later 28949662 Anonymous
>>28949438
I'll buy when it's back down at $12. Hell make it 15
2 hours later 28949668 Anonymous
>>28949233
>>28949338
Gold is not portable at all at large scale. You needs trucks to move that shit and you need a lot of security on those trucks
>>28949304
Gold can and has been seized by the government. Crypto can't, they can print a legal document saying they own your btc but they can't actually take it from you.
2 hours later 28949689 Anonymous
>>28948592
>>28948644
>>28949113
when you consider what stonks were making and the amount of dollars printed during that time, the price of gold/silver has barely moved.
But I fully expected a 2nd economic crash. I didn't expect a melt-up.
2 hours later 28949722 Anonymous
>>28949233
>highly portable
You're literally retarded and your gold will be stolen from you.
2 hours later 28949825 Anonymous
>>28949304
>You can't censor gold
You're literally retarded and your gold will be stolen from you.
>>28949304
>You can censor bitcoin so easily.
You're literally retarded and your gold will be stolen from you.
2 hours later 28950116 Anonymous
>>28949668
A 24k ring on each finger is about $10k worth. Add a chain, belt, monicle... you're balling
2 hours later 28950416 Anonymous
In a recent podcast he exclaimed ‘it’s going to be more expensive to eat!’
How can you not admire this man?!
2 hours later 28950753 Anonymous (1613431603231.png 1000x1000 67kB)
>>28942710
>call literally everything other than your boomer rocks "a bubble" 24/7/365 x20 years
>get "proven right" the once every decade+ on each of your "predictions"
>literally gains goblin every even slightly paranoid boomer in the process and get rich off of moneychanging
peak boomer e-celeb performance ngl
2 hours later 28951124 Anonymous
>>28949668
What if they take me to mkultra torture chambers?
2 hours later 28951140 Anonymous
>>28942710
You forgot he's a kike.
2 hours later 28951171 Anonymous
Is this this the new /pmg/ format?
2 hours later 28951280 Anonymous
>>28949668
wealth is supposed to be slow moving. the velocity of the medium of wealth is important. look at bitcoins velocity and how fast it pumps and dumps. slow transfer = stability
2 hours later 28951406 Anonymous
>>28943343
>and Chainlink
2 hours later 28951485 Anonymous
Hes the only guy not to make money on post recovery bull market
2 hours later 28951616 Anonymous
>>28942778
fpbp but he's right about bitcoin too
2 hours later 28952041 Anonymous
>>28942778
>>28942799
he is 100% right about bitcoin and every oldfag here knows it.
THE ONLY REASON ANY OF US ARE IN CRYPTO IS TO SELL OUR STACKS AND ENOURMOUS MULTIPLES TO WHATEVER RETARD IS WILLING TO BUY THEM.
2 hours later 28952261 Anonymous
>Austrian economics
Chucked and fucked right there desu. Literally a meme school of thought
2 hours later 28952570 Anonymous
>>28952261
Keynesian spotted. Tired of digging pointless holes yet?
2 hours later 28952924 Anonymous
>>28949521
Yeah right, keep believing the dollar will die and will be replaced by your internet coin. Retard
2 hours later 28953291 Anonymous
>>28942710
Peter Schiff is absolutely a based jew. He is right about much of what he speaks on, except for bitcoin. He shits on bitcoin publicly but he owns bitcoin privately. Yup, I am thinking also based. He lives in Puerto Rico and doesn't afraid of anyone.
2 hours later 28953615 Anonymous
>>28947684
Bitcoin will never go away because I will still be here to buy it from others. And I know lots of people that will also still buy it. That is what gets me when people say it will go to zero. How could it possibly go to zero when I will still pay money for it? It might only be new Klaus great reset pennies but I will still buy it.
3 hours later 28953842 Anonymous
>>28942778
>>28942799
This. And I think deep down he knows it's true too. Yesterday he admitted that Bitcoin going to 100k is not unrealistic. He just can't be objective because he's a Gold Seller. If it turns out Gold is actually the ultimate store of value Bitcoiners would have the same trouble admitting it.
3 hours later 28954017 Anonymous
>>28945741
>So as long as we live in clownworld, BTC will remain a good hedge and store of value because there will never again be a time wherein gold, stocks, real estate, (read:everything) aren't manipulated or massively inflated
Yah and how do you cash out when clown world ends? No one will give a shot about hitching when times get rough, ill always have my gold. Even if I never get to enjoy the true value of my metals the real wealth will be passed to my progeny.
3 hours later 28954066 Anonymous
>>28948315
>>28948292
Gold is a store of value. The value is in its attributes and its acceptance by others. Everything is based on energy. The time, capital, and energy spent to mine either is what then imparts value into the rock or the bitcoin. It really is an odd thing to think that we accept that value is energy somehow transported into something else. I am not trying to get too autistic, just trying to flesh out why gold and bitcoin are valuable. I have had people ask about it before. They ask why bitcoin has any value. It is hard to get them to understand that it is similar to gold in many ways, yet it digital. Anyways if anybody wants to help clean up my understanding that is cool. No bully though.
3 hours later 28954165 Anonymous
>>28952261
The austrian economists are usually the most correct. The chicago school is shit. The keynesians are really shit. Von Mises was a god amongst men and he gave us Human Action. What did you give us? More pics of naked anime trannies?
3 hours later 28954624 Anonymous
The amount of cope in this thread is unreal. Don't worry, he got me too, I could have retired i had bought btc instead of worthless shiny rocks that i eventually sold for a 3% gain. I deserve it for listening to a boomer.
3 hours later 28954814 Anonymous
>>28954017
Everywhere times have gotten truly rough in the past 5 years bitcoin is passes the test. In Venezuela if you have btc you survive if you don't you die or sell your daughter on the street
3 hours later 28954826 Anonymous
>>28948819
The Pickles that Be
3 hours later 28955114 Anonymous
>>28954066
>The value is in its attributes and its acceptance by others.
Gold has attributes real world uses. Electronics comes first to mind. Sorry I know gold is just a “shiny rock” but for literally millenia people have traded gold. Countless souls have died in dark holes in the ground so we can have this shiny rock. If you think a decade of nerds and chunks mining shit can compare is testament to how out of touch with the real world you zoomers are
3 hours later 28955504 Anonymous
Noooo muh precious internet currency.
https://youtu.be/fFuT-MEMu94
3 hours later 28955567 Anonymous
>>28955504
holy shit the seething manchild is the epitome of bitcoin
3 hours later 28956144 Anonymous
>>28955114
I am not a zoomer and I am in both precious metals and in crypto. Also I have a farm and lots of heirloom seeds and chickens. I try to hedge my bets. But you do miss one key point. As far as its trading life, bitcoin is over 60 years old already. So it is not a decade of chunks mining shit. It is already a senior citizen, and is not going anywhere. Also, it is odd to say that electronics come first to mind. But then you mention how it is money for literally millenia. I think you are very much out of touch, boomer. You jump from pre industrial to post, and then back again. Electricity might control your world, but it is not going to stick around.
3 hours later 28956388 Anonymous (EuMy1GjWgAIGtgC.png 640x446 97kB)
>>28949031
I'm still a bitcoin maxi but got a 10% in XMR as a privacy hedge.
3 hours later 28956553 Anonymous
>>28942710
>calls bubble every day of every year
>I WAS RIGHT TWICE 1!!1
Also, his calls are infamously bad, his fund is dogshit and he sells himself like he is his own 2nd hand car.
3 hours later 28956661 Anonymous
He's right about everything. Wait until the chinks rugpull bitcoin. They have managed to infiltrate many large corporations with it now.
3 hours later 28956709 Anonymous
>>28942710
I'm pretty sure, that in 1903, there was someone saying "these flying machines are never going to ammount to anything, it's not like they'll ever get to the Moon , it's just a passing fab, horse carriages have been around for thousands of years, they're here forever , you should buy horses ". There will always be folks that scent the future, and people who lag behind. Besides, Precious Metals is the poster child for rigged markets . At one point, JPM sold more Silver than it exists in the fucking planet. Then Max Keiser tried to meme a short squeeze, in 2009, didn't work, but forced JPM to become the largest bagholder of physical silver, way back in 2009.
3 hours later 28957067 Anonymous
>>28943272
>back in my day we had to memorize those passwords!
>forgets password
4 hours later 28958610 Anonymous
>>28956388
remember when bitcoin was billed as anonymous private currency lmfao, then they had to say its digital gold when people figured out it is the police states wet dream.
4 hours later 28958614 Anonymous
>>28947470
then the government will just take everyone's gold, as they did before
4 hours later 28959096 Anonymous (apusweating.jpg 800x600 162kB)
>>28954165
Yea and its better than Austrian shit lmao. Its so fucking antiquated and gay. Correct for the 1800s maybe
4 hours later 28959184 Anonymous
>>28942710
>doesn't understand basic austrian econ 101 stuff like SUBJECTIVE VALUE THEORY
>austrian
No he's just a kike shill and Sam Hyde gives better investment advice than him.
4 hours later 28959283 Anonymous (unknown (12).png 487x396 239kB)
>>28942778
Literally this.
What a shame.
4 hours later 28959381 Anonymous
>>28942868
The federal reserve, housing crisis etc
4 hours later 28959482 Anonymous
>>28951140
/thread
4 hours later 28959505 Anonymous (ErE1mwsXEAQ5LsL.png 400x400 460kB)
>>28959096
>antiquated
So what? It doesn't mean it's wrong.
Austrian economics literally can not be disproven and people have tried to disprove it for a very long time.
Austrian economics IS economics.
4 hours later 28959586 Anonymous (EbM_g_sVcAQOell.jpg 551x597 50kB)
>>28952261
Why can literally nobody disprove austrian economics? lol
4 hours later 28959643 Anonymous (TheSchiffHasSailed.png 215x300 66kB)
>>28942710
>>28942778
always
>correct in theory
>completely off in outcome
or in real world terms
>constantly wrong
4 hours later 28960057 Anonymous
>>28943886
>We had proper games consoles, internet for all, smart phones
You had. Now the chinese have it.
4 hours later 28960190 Anonymous (comfypepe.jpg 499x331 20kB)
>>28959505
Yea except its only perpetuated by libertarians and it fails to adequately provide a role for the State within the market. It's ok, but you should wake up and realize the State has a huge role it can play effectively and it should seek to maximize its effectiveness.
Also just LOL nigga u wont be able to effectively deal with market failure.
4 hours later 28960383 Anonymous
>>28960190
>market failure.
Literally created by government/central banks.
If you had actually read austrian economics and history, you would understand this.
4 hours later 28960387 Anonymous (PUPC.jpg 257x196 9kB)
>>28959586
You can kek. Just look at how they wanted to sit on their ass during the Great Depression, or how China is kicking ass rn and effectively using its power as a state within its economy. Austrian economics is mostly correct, but it neglects to properly address the role States have and should have. Also don't they view a states spending similarly to a households and think high GDP/Debt ratio = bad? Fuckin hilarious
4 hours later 28960612 Anonymous (rato.jpg 360x412 22kB)
>>28960383
Market failures literally always happen in a free market. This is pure cope, not to mention consolidation of capital will always lead to monopolies even in ur AnCapistan. Literally all Austrians just want to squirt their libertarian ideology into things. Please come back and work within reality, and not some dream world. Your family misses u bro
4 hours later 28960648 Anonymous
>>28942799
He's wrong when he says the price will be zero (soon). Bitcoin isn't strong enough for mass adoption. If China or somebody wants to 51% the blockchain and destroy countries that adopt it, they easily could invest trillions to do it and it would be worth it.
BTC will never be "the standard" or held in reserves more than 1% by governments.
4 hours later 28960813 Anonymous (kekw-emote.jpg 300x300 6kB)
>>28960387
>Just look at how they wanted to sit on their ass during the Great Depression,
YES LMAO
and they were proven correct by this.
The interventionist policies you support CAUSED and EXTENDED the great depression. It's like you think recessions are somehow natural. It's like you ignore recession of 1920.
That's why Rothbard wrote the most detailed historical economic book on the depression ever.
https://www.amazon.com/Americas-Gre at-Depression-Murray-Rothbard/dp/16 07960656
>or how China is kicking ass rn
By exploiting America's status as reserve currency? Austrians predicted this.
>Also don't they view a states spending similarly to a households
You don't? You think states are magic or something? LMAO
>>28960612
>Market failures literally always happen in a free market.
Why do they never happen in historical free banking systems?
Why was every panic historically the result of government intervention.
https://wiki.mises.org/wiki/Panics
Please read a fucking book.
>Please come back and work within reality
You people literally believe in magic lmao
4 hours later 28960981 Anonymous (Er-rhhnXMAAQYi7.jpg 656x656 53kB)
>>28960612
>consolidation of capital will always lead to monopolies
Cool fairy tales bro.
Keep ignoring the fact this literally never happened in historic free markets.
I bet you think standard oil was a monopoly lmao
4 hours later 28961601 Anonymous
>>28955114
for most of human history gold was not used for electronics but was still being used as s "store of value". Jewelry is kind of an exception, because gold is used in jewelry to show off wealth, not because gold is that beautiful (well maybe it is shinier than other materials)
4 hours later 28961772 Anonymous
>>28956144
what do you mean by 60 yo trading life?
4 hours later 28961833 Anonymous
>>28960813
States literally don't. They MAKE the money
4 hours later 28962097 Anonymous (apujams.v4.jpg 708x572 64kB)
>>28960813
>By exploiting America's status as reserve currency? Austrians predicted this
No by effectively using its government within its economy and not caring about "muh free market". Fastest GDP growth in human history. Not to mention recessions are natural. Do you only read Austrian propaganda? Go to your local university and just take intro to micro and intro macro lmao. Chucked and fucked your school lost. Keynes and MMT have won
5 hours later 28962562 Anonymous (Screenshot_2.png 399x441 161kB)
>>28961833
>They MAKE the money
Which gets devalued and causes malinvestment.
>>28962097
>No by effectively using its government within its economy and not caring about "muh free market".
This made their economy stagnate compared to their neighbours. Look at how much Taiwan has grown compared to China.
If China was a free market, they would be much more productive than they are right now.
>Fastest GDP growth in human history.
lmao GDP is a meme.
Why do countries with the freest markets industrialize the fastest?
Why did USA industrialize extremely quickly during it's free banking era?
>Not to mention recessions are natural.
No they aren't. Imagine believing this propaganda.
> micro and intro macro lmao
HAHAHAHAHAHA What a fucking tool.
5 hours later 28962659 Anonymous (austrian-keynesians.jpg 720x540 74kB)
>>28962097
>Keynes and MMT have won
HAHAHAHAHAHAHAHAHAHAHAHA
Imagine being retarded enough to be a Keynesian OR MMTer
Why do MMTers always get destroyed in debates. You people LITERALLY believe in magic.
https://www.youtube.com/watch?v=cUT LCDBONok
Flat fucking earth tier.
5 hours later 28963038 Anonymous
>>28942710
However, while listening to Schiffys podcast it slips through from time to time that he absolutely hates black people and niggers.
5 hours later 28963299 Anonymous
>>28962659
>let’s borrow from Peter to pay Paul!
Surely this will not end poorly. God I fucking hate these people so much.
5 hours later 28964301 Anonymous
>>28962562
>If China was a free market, they would be much more productive than they are right now
I mean it is, also theyre much better off as a country, and their GDP per capita will soon eclipse Taiwan. This is crazy Anti-China cope
5 hours later 28964307 Anonymous
>>28963038
He opposes civil rights laws because they have the opposite of their intended effects and hurt the minorities.
5 hours later 28964404 Anonymous
>>28962659
Japan has a GDP/Debt ratio of over 200% and their economy is great? Hmm it's almost like debt isnt the issue
5 hours later 28964478 Anonymous
>>28942710
Schiff is a troll most of the time (see: tweets), but yes his views on monetary policy and economics are grounded in reality and based. I agree with most of it.
5 hours later 28964784 Anonymous
>>28963038
No he doesn't. Quit projecting your views on others.
5 hours later 28964903 Anonymous
>>28964301
>also theyre much better off as a country
than their socialist days of course, but they could be much better if they were a free market
>and their GDP per capita will soon eclipse Taiwan
LMAO HAHAHAHAHAHA See:
>>28962562
and cope fucking harder you bootlicking piece of shit hahahahaha
Imagine wanting to be a poor wageslave.
>>28964404
It's almost as if Japan has a crazy high personal savings rate or something. It's almost as if their economy has still stagnated since the 90s and would be a lot better off if their government didn't have all this debt.
5 hours later 28965114 Anonymous (41VetbPJxYL._SX313_BO1,204,203,200_.jpg 315x499 18kB)
The book that btfos libertarian fags, Austrians, shitlibs, and progressives.
5 hours later 28965247 Anonymous
>>28965114
and it's fucking bullshit
>dude diverting resources from the production of consumer goods and research towards wasteful war spending is good because sometimes we come up with new technologies
What a retard.
5 hours later 28965375 Anonymous
>>28965247
You never read it retard. Move along yid, white men talking here.
5 hours later 28965657 Anonymous
>>28965375
>You never read it retard.
So? I never read the bible.
It's entire premise is false.
Government only destroys.
War spending is the most wasteful thing imaginable.
Why don't you read this book that shows empirically that government is inherently extremely wasteful as scientific research and war spending is no exception.
https://www.amazon.com/Economic-Law s-Scientific-Research/dp/0312173067
5 hours later 28965751 Anonymous
>>28965375
>Move along yid
>defends war spending for israel
lmao
5 hours later 28966216 Anonymous
>>28964903
the debt literally doesnt slow the economic growth. Their population has been declining steadily and their population aging, maybe that affects growth lmao dumb nigger
5 hours later 28966275 Anonymous
I was shooting heroin and reading “The Fountainhead” in the front seat of my privately owned police cruiser when a call came in. I put a quarter in the radio to activate it. It was the chief.
“Bad news, detective. We got a situation.”
“What? Is the mayor trying to ban trans fats again?”
“Worse. Somebody just stole four hundred and forty-seven million dollars’ worth of bitcoins.”
The heroin needle practically fell out of my arm. “What kind of monster would do something like that? Bitcoins are the ultimate currency: virtual, anonymous, stateless. They represent true economic freedom, not subject to arbitrary manipulation by any government. Do we have any leads?”
“Not yet. But mark my words: we’re going to figure out who did this and we’re going to take them down … provided someone pays us a fair market rate to do so.”
“Easy, chief,” I said. “Any rate the market offers is, by definition, fair.”
He laughed. “That’s why you’re the best I got, Lisowski. Now you get out there and find those bitcoins.”
“Don’t worry,” I said. “I’m on it.”
I put a quarter in the siren. Ten minutes later, I was on the scene. It was a normal office building, strangled on all sides by public sidewalks. I hopped over them and went inside.
“Home Depot™ Presents the Police!®” I said, flashing my badge and my gun and a small picture of Ron Paul. “Nobody move unless you want to!” They didn’t.
“Now, which one of you punks is going to pay me to investigate this crime?” No one spoke up.
“Come on,” I said. “Don’t you all understand that the protection of private property is the foundation of all personal liberty?”
5 hours later 28966346 Anonymous
>>28966275
It didn’t seem like they did.
“Seriously, guys. Without a strong economic motivator, I’m just going to stand here and not solve this case. Cash is fine, but I prefer being paid in gold bullion or autographed Penn Jillette posters.”
Nothing. These people were stonewalling me. It almost seemed like they didn’t care that a fortune in computer money invented to buy drugs was missing.
I figured I could wait them out. I lit several cigarettes indoors. A pregnant lady coughed, and I told her that secondhand smoke is a myth. Just then, a man in glasses made a break for it.
“Subway™ Eat Fresh and Freeze, Scumbag!®” I yelled.
Too late. He was already out the front door. I went after him.
“Stop right there!” I yelled as I ran. He was faster than me because I always try to avoid stepping on public sidewalks. Our country needs a private-sidewalk voucher system, but, thanks to the incestuous interplay between our corrupt federal government and the public-sidewalk lobby, it will never happen.
I was losing him. “Listen, I’ll pay you to stop!” I yelled. “What would you consider an appropriate price point for stopping? I’ll offer you a thirteenth of an ounce of gold and a gently worn ‘Bob Barr ‘08’ extra-large long-sleeved men’s T-shirt!”
5 hours later 28966421 Anonymous
>>28966275
He turned. In his hand was a revolver that the Constitution said he had every right to own. He fired at me and missed. I pulled my own gun, put a quarter in it, and fired back. The bullet lodged in a U.S.P.S. mailbox less than a foot from his head. I shot the mailbox again, on purpose.
“All right, all right!” the man yelled, throwing down his weapon. “I give up, cop! I confess: I took the bitcoins.”
“Why’d you do it?” I asked, as I slapped a pair of Oikos™ Greek Yogurt Presents Handcuffs® on the guy.
“Because I was afraid.”
“Afraid?”
“Afraid of an economic future free from the pernicious meddling of central bankers,” he said. “I’m a central banker.”
I wanted to coldcock the guy. Years ago, a central banker killed my partner. Instead, I shook my head.
“Let this be a message to all your central-banker friends out on the street,” I said. “No matter how many bitcoins you steal, you’ll never take away the dream of an open society based on the principles of personal and economic freedom.”
He nodded, because he knew I was right. Then he swiped his credit card to pay me.
5 hours later 28966454 Anonymous (1612236444772.jpg 600x505 31kB)
>>28966275
>cringe boomer 2010 strawman copypasta that pretends libertarians like ayn rand]
WHOA BRO you totally got us
how can we recover
5 hours later 28966463 Anonymous
I WILL APPEAR AS A BIG FISH AND YOU WILL SUCK DICKS AS USUAL
STILL USE THIS TRASH?!?!?
LOL WHAT A RUBBISH
BE SMART GO FOR BOT OCEAN AND THANK ME
5 hours later 28966513 Anonymous (harpers.jpg 333x499 26kB)
>>28965657
Already refuted by vernon ruttan. Since you're lazy you can read libertarian walter bock's coping review of the book at the mises website. Since I'm generous I've included another book pointing out the military origin of the development of mass production in the united states.
>>28965751
False equivocation.
5 hours later 28966531 Anonymous
>>28966216
>>28966216
>the debt literally doesnt slow the economic growth.
It is though lmao. Japan has been stagnating. since then
fucking moron
>lmao dumb nigger
lmao you literally defend keynes and MMT
What a fucking bootlicker, enjoy wasteslaing and dying working at walmart until you're 80 ahahahahahahaha
5 hours later 28966559 Anonymous
>>28942710
Isn't that the guy from Evil Corp?
5 hours later 28966694 Anonymous
>>28966513
>Already refuted by vernon ruttan.
Literally who? Why don't you read the book faggot?
>military origin of the development of mass production
LMAO
The industrial revolution in america happened during the free market, free banking era when war spending was extremely tiny. You were saying?
>False equivocation.
It's true.
Fuck you and fuck war. Eat shit kike.
5 hours later 28966710 Anonymous
>>28966275
>>28966346
>>28966421
kek, libertarians are so gay
>>28966454
libertarians either:
a) like ayn rand
b) want to fuck kids
c) both
5 hours later 28966842 Anonymous (1572402938446.jpg 179x282 7kB)
>>28966710
>libertarians either:
>a) like ayn rand
>b) want to fuck kids
>c) both
WHOA more seething pedophile jokes and more le ayn rand memes
You people are so fucking dumb I'm surprised you know how to breathe.
You literally lick boots and enjoy wageslaving for federal reserve notes lmao
5 hours later 28966863 Anonymous
>>28966531
Austrian economics do that lol. NO MINIMUM WAGE DAS GUBMINT INTERVENTION
Again, the stagnation has way more to do with the fact that A.) they are literally dying off and B.) All economies will slow down their growth
There is not a single economy in the world that will see constant high levels of growth. Japan was a growth-miracle for years ofc theyd slow. Debt really is not as big a deal when you owe it in your own money (Greece and Weimar Rep. owed in money they didnt have a monopoly on). Plus I fail to understand how the argument can be China's economy is bad (kek) because GDP means nothing, but Japan's is bad because GDP has slowed. Pick one you Austrian shil
5 hours later 28966937 Anonymous
>>28966842
Libertarianism is the ultimate wagecuck ideology. They'd bring back legal slavery if they could lmao
5 hours later 28966960 Anonymous
>>28944629
All value is subjective you Keynesian economist faggot. Subjective value is required for trade.
5 hours later 28967085 Anonymous
>>28966863
>NO MINIMUM WAGE DAS GUBMINT INTERVENTION
Of course.
Wait lmao AHAHHAHAHA
You think minimum wages are responsible for increased living standards?
>Again, the stagnation has way more to do with the fact that A.) they are literally dying off and B.) All economies will slow down their growth
Very little to do with it at all. They've been stagnating ever since they tried your precious keynesian experiment. Go read more krugman and get brainwashed by his mental gymnastics.
>There is not a single economy in the world that will see constant high levels of growth.
Why not? The only things that seem to stop it are government intervention.
6 hours later 28967116 Anonymous
>>28966960
Keynsian economics understands value is subjective
6 hours later 28967177 Anonymous
>>28942710
It’s easy to be right about the economy crashing when you’re literally always saying it’s going to crash.
>constantly say economy/certain market about to crash
>be wrong 99% of the time
Market finally crashes
>SEE I TOLD YOU SO
How do you guys fall for this scam artist’s bullshit?
6 hours later 28967202 Anonymous (dev2.png 395x433 347kB)
>>28966937
>Libertarianism is the ultimate wagecuck ideology.
How is desiring your wages actually increase in value a wagecuck ideology?
You actually think it's a good thing real wages never increase lmao
Boot licker
>They'd bring back legal slavery if they could lmao
You say this as you ACTUALLY LITERALLY DEFEND SLAVERY
Just admit you enjoy being raped by governments and corporations keynes shill.
Keynes couldn't even get his math right.
6 hours later 28967248 Anonymous
>>28942710
i been mocking him non-stop as well.
6 hours later 28967280 Anonymous
>>28967177
>It’s easy to be right about the economy crashing when you’re literally always saying it’s going to crash.
But he's not saying it's always going to crash and he explains the exact methods in which the crash occurs like with the housing market.
eat shit
6 hours later 28967322 Anonymous
>>28967202
gold cucks can't into math either.
6 hours later 28967340 Anonymous
>>28947116
>he doesn’t know the fed was created in 1913
Do you have any ridges in your brain?
6 hours later 28967353 Anonymous
>>28967248
He's right about everything except bitcoin.
6 hours later 28967373 Anonymous
>>28942710
he’s based but knows fuxk all about crypto
6 hours later 28967383 Anonymous
>>28942710
If you cry wolf for 50 years straight, a few times you'll actually be right. That doesn't mean that wolves are a long term systemic problem.
6 hours later 28967430 Anonymous (ke.png 786x1319 144kB)
>>28967322
Wrong lol
>>28967383
see >>28967280
6 hours later 28967510 Anonymous
>>28967202
you think if corporations were given unfettered control over society they would voluntarily increase your wages, you retarded faggot?BEST case you get to spend your wages at the company store, REALITY is Chiquita situation where they send death squads after employees who complain too much
6 hours later 28967518 Anonymous
>>28967202
How is Keynesian economics SLAVERY hahah what the fuck big dawg. You know Libertarians are down with paying $1hr wages if they could, or even $0.
6 hours later 28967552 Anonymous
>dotcom bubble
Prices are higher now than they were at the peak of the bubble.
>housing bubble
See above
He's a smooth brain retard. BTC will crash obviously, but it'll crash from $10M to $300k and then slowly rebound back up to $30M by the end of this decade.
6 hours later 28967794 Anonymous
>>28967510
>you think if corporations were given unfettered control over society
That's not what Libertarians want whatsoever. In fact there would potentially be more restrictions on them.
You're the idiots that think we should print unlimited dollars and use it to inflate a stock market bubble.
> voluntarily increase your wages
Wage rates are not dictated by individual employers, they're the result of marginal productivity.
>>28967518
>How is Keynesian economics SLAVERY
>dude how is having my wages get devalued all the time slavery, it's a good thing I work for nothing
see:
>>28967430
Keynesian economics is based on faulty math. PERIOD
>You know Libertarians are down with paying $1hr wages if they could
Then why during free banking/free market eras did real wages significantly rise?
6 hours later 28967814 Anonymous
>>28942710
>he called the bubbles
So true and don't forget he also called the last two bitcoin bubbles. In fact, he's literally always calling bitcoin, stocks, and real estate in a bubble. Occasionally it turns out to be true and his 70 IQ followers think he made some sort of genius call while he brags about his great bubble calls for the rest of eternity.
6 hours later 28967864 Anonymous
>>28967552
>>dotcom bubble
>Prices are higher now than they were at the peak of the bubble.
>>housing bubble
>See above
Because the fed reinflated the bubble.
Peter literally talked about this, idiot.
>>28967814
>t. never listened to schiff once
6 hours later 28967885 Anonymous
>>28966694
Keep chimping illiterate. Why are Austrians and libertarian so anti semitic? It's probably the most Jewish ideology ever developed. Like 3/4's of it's most prominent theorists are jews and every libertarian organization is larded with Jewish weirdos. The only good libertarians were some of the first generation historical revisionists.
6 hours later 28967909 Anonymous
>>28967794
>Then why during free banking/free market eras did real wages significantly rise?
They did after too
6 hours later 28967954 Anonymous
>>28967280
https://topratedfirms.com/brokers/c ustomer/europacificcapital-review.a spx
Why don’t you invest in euro pacific if you think he’s some sort of investing genius?
6 hours later 28967983 Anonymous (apu(goodjob).jpg 600x600 33kB)
>>28967794
>Wage rates are not dictated by individual employers
Yea this is wrong lol. Employers will always pay as little as possible
6 hours later 28968026 Anonymous
>>28967909
>They did after too
At a much smaller pace.
Either way wages rose much higher during this era and you're just coping about it.
We've had wage stagnation the past 50 years thanks to your policies.
>>28967885
>Why are Austrians and libertarian so anti semitic?
Um, we're not? I just don't like wars for Israel.
6 hours later 28968054 Anonymous
>>28967353
the fucking coward tho shadow banned me on his youtube. if check the comments not logged in i don't see them. too bad.
6 hours later 28968113 Anonymous (MPWR.png 566x663 403kB)
>>28967983
>so called economics expert thinks individual firms magically control all wage rates
lmao yeah that's why all businesses pay 0 dollars an hour and people still work for them amirite?
6 hours later 28968142 Anonymous
>>28967430
no it's absolutely correct if you could do basic elementary math you would see gold loses purchasing power against real inflation.
it's a money sink.
6 hours later 28968151 Anonymous
>>28944339
best post in this thread
6 hours later 28968212 Anonymous
>>28968054
that's just youtube fuckery
I highly doubt peter himself is "shadowbanning" you.
6 hours later 28968228 Anonymous
No one can be right about everything.
6 hours later 28968290 Anonymous
>>28968142
>gold loses purchasing power against real inflation.
what do you mean by real inflation? The price of gold has just significantly increased the past 50 years
6 hours later 28968303 Anonymous
>>28942710
even if you bought stocks right before the dotcom crash or the housing crash, you would still be in a better position today than I've you had bought gold instead.
6 hours later 28968334 Anonymous
>>28943056
Fundamentals win out in the end, so why try to convince the masses of their foolish ways in the mean time?
6 hours later 28968490 Anonymous
>>28968290
i mean real inflation as opposed to cpi.
6 hours later 28968580 Anonymous
>>28968490
yeah, gold is still much higher than real inflation.
I mean look at this image:
>>28967202
6 hours later 28968843 Anonymous
>>28968580
>yeah, gold is still much higher than real inflation.
nope
gold consistently loses over longer period of time against inflation. the main reason for this is the massive demonetization of gold and this coupled with the exponentially growing mining output while human population growth capped hard. but of course those that sell gold don't talk about this.
6 hours later 28968919 Anonymous
>>28968580
dude just because the price of something is going up nominally it doesn't in a billion year mean it keeps up with asset inflation.
6 hours later 28968953 Anonymous
>>28942710
>calls everything thats not gold a bubble and sometiles he is right
Literally every boomer on the planet.
6 hours later 28969570 Anonymous
>>28968843
sadly i can't tell people about this on youtube because the assholes that sell gold to innocent and naive people got me shadow banned.
well there goes my first and only experiment with social media.
6 hours later 28969904 Anonymous
>>28942799
>I think the only reason he dislikes Bitcoin is cause he’s a boomer and he refuses to understand it.
He definitely understands it he also makes his living selling gold custodian services. He has clear and direct conflict of interest and is likely making much less money as BTC started taking off.
6 hours later 28970299 Anonymous
>>28969904
I agree with that sentiment. Personally I feel like both gold and crypto pull from the same contrarian audience. However, I do think hes right that we are in a massive speculation bubble. We are probably still years out from bitcoin becoming too mainstream, and there will be big losers from current market. However I don't see bitcoin ever going to 0.
6 hours later 28970792 Anonymous
>>28970299
>we are in a massive speculation bubble.
no shit sherlock. and the funniest thing is when the bubble burst gold may be the one thing that tanks hardest. right after crypto of course.
6 hours later 28971111 Anonymous (IMG_20210217_212121.jpg 720x1459 282kB)
>>28942710
well... you can buy gold with bitcoin from schiff
so maybe it's not soo useless after all ha
6 hours later 28971485 Anonymous
>>28970792
good luck buying spot.
6 hours later 28971549 Anonymous
>>28970792
as well as your house and the world economy followed by riots and ze gret reeeeset
also cool id bro
7 hours later 28971957 Anonymous (22b0e55cb14128b4f725358163633bb9.jpg 232x232 11kB)
>>28971111
cheaking myself shamlessly
3.056 0.471