- advertisements -
Well , as loathe as i am to go all in on US toilet paper , this is the time.
Sorry to jump the line but this post is very important. If you follow my blog, you need to take the time to read this:
" Turd's Bottom #2..."
So many ways THAT could go...
We will all be watching, even a gold guy like me!
Yes, DoChen. Turd's Bottom and #2 go together quite well.
Have you looked at bitcoin?
Looks like we need to switch to bitcoin. I just heard about it, but it sounds promising. Also, it looks like I don't have to "geek out" to use it.
Weirdly the idea came from World of Warcraft gold farmers, chatted with one of the guys at a Linux Symposium a couple of years ago. It's a neat concept, they are having problems with getting people to commit to it and the "exchange" hasn't been determined as of yet. How to measure the exchange against something without that "value" behind it.
That a side the security risks behind it are the same as any synthetic currency (fiat):
The idea is sound though but it would run completely contrary to what the Central banks are doing. First guy that puts up a server would probably be dead the same hour.
Is it digital silver, or digital gold? In that it is a medium of exchange outside the control of the mommy state?
It is and it's not. In 98 the big thing was eGold. As in the currency in the "bank" was actually backed by gold. It had a couple of years on it, I remember something scam worthy happening around it and the eGold bank collapsed after buddy got nailed for fucking with his own system and laundering.
So far when synthetic private, anything fiat wise, is developed it just gets ugly and ends up in the experiment burn pile.
So to make money you need to play Warcraft and Mine gold? From there you can exchange for euros, dollars right?
general hacks that would mimic counterfeiting.
general hacks that would mimic counterfeiting.
A nearly impossible concerted effort of massive GPU farms effort would be needed to "hack" Bitcoin(BTC), at least with enough competition and there needn't be any material forced inflation either.
For instance, BTC uses cryptographic hashes to record transactions which are gathered into "blocks" and distributed through the BTC P2P network. Peers then add to the block a transaction to pay themselves (this is the incentive for participating and the only source of inflation) an agreed amount of BTC and then signing the transaction block with a SHA256 hash. To prevent cheating the hash must have a predetermined (by the network, on the fly) number of leading zeroes by fiddling with a small fudge factor in the block. This problem is made so hard to solve that even supercomputers couldn't overwhelm the network and pass off fake blocks as real but overall new blocks are made at the rate of every 10min. Transactions are made by signing your BTC over to the counter parties public key with your own and broadcasting the transaction to the network to be signed. 10min later your transaction is written in stone. For more read: http://www.bitcoin.org/bitcoin.pdf & http://www.bitcoin.org
In it's current form it's just a curious experiment, but there is massive potential as a BTC money system has the following properties:
There are cons to BTC though it's not because it's fiat, or that you can't print it out of thin air, without colossal P2P CPU effort that is, it's that you sure as hell can fractionally reserve it!
No apology neeeded , your blog is fantastic. thanks for the link.
More Snake oil ...
WEDNESDAY, APRIL 27, 2011
Your Fearless Leader
No, not The Bernank. The Turd!
Let's go back over the last four weeks chronologically.
1) In early April, the Turd gives you $45 as a price target by May silver option expiry.http://tfmetalsreport.blogspot.com/2011/04/others-to-watch.htmlhttp://tfmetalsreport.blogspot.com/2011/04/greed-vs-fear.html
2) Then, last week, I began to warn you to be careful and to watch for the brief, sharp correction that was coming.http://tfmetalsreport.blogspot.com/2011/04/something-to-consider.htmlhttp://tfmetalsreport.blogspot.com/2011/04/easter-sunday-evening.htmlhttp://tfmetalsreport.blogspot.com/2011/04/be-cautious.htmlThe Wicked Witch even chimed in and tried to warn you.http://www.youtube.com/watch?v=WhcFI-vzNXk
3) Then, yesterday, when almost everyone in the media was trying to convince you to sell, The Turd stood alone and tried to reassure you.http://tfmetalsreport.blogspot.com/2011/04/not-for-faint-hearted.htmlhttp://tfmetalsreport.blogspot.com/2011/04/fastest-10-ever.htmlhttp://tfmetalsreport.blogspot.com/2011/04/tricky-tuesday.html
So now here we are. Back to 1527 and 47.60. Feels good, doesn't it?If you read all the posts above, then you know by now that we should expect this rally to carry us through next week. Silver will test, and likely best, $50. It may even see $52. Gold, now that it is through 1520, will accelerate toward $1550.Beginning the week of the 9th, pattern suggests that we should see about a two-week downward consolidation. After that is completed, the table will be set for the wonderful and record-setting opportunity that will be presented to us in June.
silver, a girl's best friend.
yes, because everyone can predict what the CME will do, right?
I hope you don't fail as a JP Morgue troller Smailes.
I hear demoted trolls are tasked with the daily cleaning of Blythe's anal glands.
Nah man, go all in on the Iraqi Dinar.... it's going to revalue soon!
Race you to the bottom!
that's what DSK said...
more like the blind leading the blind
How can the world's biggest debtor help the second biggest debtor?
Make more debt.
this is bullish for stocks....
...in nominal terms.
Bullish for EVERYTHING!!!
I'll take the other end of that trade, thank you very much.
Really? No shit Sherlock. When you massively overprint the dollar it can only devalue.
so, do you take the contrarian trade or the reverse contrarian trade?
triple dog dare contrarian...
Goldman's days are numbered...cant they see what happened to DSK?
Long term this is correct. Short term, I don't even attempt to play "guess the intervention" in the FOREX markets on 10 to 1 leverage.
Try 50:1; 100:1, and 200:1 depending on what your broker approves.
No thank you.
That's pretty standard trading fx.
It's so easy even a Bernanke can do it.
The problem with this is it is measured against equally shitty EUR an JYP. Humm which one stinks the worst. I just can't pick em
With the EU clusterfuck getting worse, I would expect a USD rally in the near term.
It's a race to disgrace. I say USD up too....but only because it's criminal network is so much more advanced than the EU.
This is actually BEARISH for the Euro - Whatever the squid pukes pump, you sell - that's what they're doing.
Usually that is true. The squid selling its part of Molycorp is what kept me from buying MCP at $13 - $14.
That would have been a (the only?) good time to buy squid product.
Stop wiping your ass with it, buy the USD!
Sell dollar - sell euro - sell yen -
Gold = safety
Silver = nice speculation, bigger gains vs. bigger risks.
Gold for me.
O/T, nasty little audio ad...
Agreed silver v. gold although silver seems the bargain at the moment?
BTW - funny that Silver falls by 30%, falls and holds 50% fib at $34'ish, holds rising channel...and seemingly the love is gone? It seems now is an excellent time to make my monthly purchase.
Glad to know why I shouldn't push the buy button now and should wait til ?
I bought Monday and Tuesday.. not today.. I only buy on down days! lol
GS got Dell's earning's correct also, lol.
Somebody care to offer a hint to Tyler's hint about HPQ?
HPQ shit the bed.
Check price action over the last month.
HPQ makes printers. all cb's are feverishly printing money. means more sales for HPQ.
ITS A JOKE!
It's obvious now. Thanks.
I thought it had something to do with HPQ getting DSK-ed for -25% the last couple earnings announcements...
POMO, POMO, TOGA, TOGA, TOGA
Tips: tips [ at ] zerohedge.com
General: info [ at ] zerohedge.com
Legal: legal [ at ] zerohedge.com
Advertising: ads [ at ] zerohedge.com
Abuse/Complaints: abuse [ at ] zerohedge.com
Advertise With Us
Make sure to read our "How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The Treasury/Black Helicopters]" Guide
How to report offensive comments
Notice on Racial Discrimination.