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This Won't End Well

Tyler Durden's picture




 

Presented with little comment aside to ask (rhetorically of course) how
much longer the crushed consumer can subsist on a diet of increasingly saturated credit and dwindled-savings before retail sales revert to reality...

 

 

 

h/t @Not_Jim_Cramer

 

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Tue, 01/14/2014 - 16:31 | 4331573 Cult_of_Reason
Cult_of_Reason's picture

All is well.

Tue, 01/14/2014 - 16:34 | 4331582 flacon
flacon's picture

Where the hell are people getting their money from? That's what I want to know. I see so many pepole shopping at the mall or eating out at restaurants. Where are they getting that money from? 

Tue, 01/14/2014 - 16:38 | 4331595 nope-1004
nope-1004's picture

House price goes up, borrow against increase in "market" price, remove equity and,,,,,, voila!  Insta wealth.

Get with it man.... if you can't afford it, f'n finance it !!!!

 

edit:  must be some newbies here.  Do I gotta put /s?

Tue, 01/14/2014 - 16:40 | 4331617 kaiserhoff
kaiserhoff's picture

Obamacare will fix this right up,

  as in getting your dog fixed.

Tue, 01/14/2014 - 16:41 | 4331628 Boris Alatovkrap
Boris Alatovkrap's picture

Fix is on!

Tue, 01/14/2014 - 16:43 | 4331639 Frozen IcQb
Frozen IcQb's picture

Well it's healthier than Christie's diet of saturated fat

Tue, 01/14/2014 - 16:52 | 4331673 BKbroiler
BKbroiler's picture

This won't end well..

It will for some.  Fortunes are made during depressions because they offer those who saved money and didn't accrue too much debt a chance to buy assets at rock bottom. Bring it.

Tue, 01/14/2014 - 16:57 | 4331701 Frozen IcQb
Frozen IcQb's picture

Unless the depression turns into a Bolshevik revolution

Tue, 01/14/2014 - 17:01 | 4331712 fonestar
fonestar's picture

Things will end very well for those that achieve Satoshi conciousness.

Tue, 01/14/2014 - 17:05 | 4331733 akak
akak's picture

That's like, becoming a Grand Wizard in World of Warcraft, or something, right?

Tue, 01/14/2014 - 17:08 | 4331740 The_Ungrateful_Yid
The_Ungrateful_Yid's picture

More like Arena Master or Gladiator.

Tue, 01/14/2014 - 17:15 | 4331770 silverserfer
silverserfer's picture

"satoshi conciusness" is the clarity expierenced by Kermit in that slayed muppet on the railroad tracks pic tyler uses on goldman articles.

Tue, 01/14/2014 - 17:58 | 4331929 it aint easy
it aint easy's picture

zen fleece, zen stuffing.

Tue, 01/14/2014 - 19:09 | 4332178 TruthInSunshine
TruthInSunshine's picture

I hope South Park does a Satoshi/bitcoin episode in the same manner they did the XBOX/PlayStation one.

Make Cartman the elusive Satoshi. Or Cartoshi.

Old man in house overlooking garden: "He's going to betray you. I heard him talking to Bill Gates earlier. They're going to lock you in the Red Robin."

Cartman: "Why don't you mind your own fucking business, asshole."

Old man: "Why don't you get the fuck off my property."

Wed, 01/15/2014 - 00:35 | 4333178 BLOTTO
BLOTTO's picture

Q in either a man made natural disaster,

man made pandemic,

false flag war machine...

or faked alien invasion to erase the debt and some people for good measure.

.

All bases are covered - take a pick.

Wed, 01/15/2014 - 01:53 | 4333319 TheRideNeverEnds
TheRideNeverEnds's picture

well I put on a long spread in oil today so one thing is for sure, oil is going sharply lower from here....

Wed, 01/15/2014 - 08:17 | 4333570 fx
fx's picture

The chart above is actually pretty interesting: seems disposable income is clearly LAGGING retail sales (upward as well as downward). have no explanation for that yet - but that is what the chart says.

Wed, 01/15/2014 - 06:43 | 4333509 StandardDeviant
StandardDeviant's picture

I don't really have a dog in the BTC fight, but I would pay money to see TiS's South Park episode.

Tue, 01/14/2014 - 17:20 | 4331763 fonestar
fonestar's picture

It will be funny to watch you try and convert all of your "hard assets" into Bitcoin during the crack-up bitboom.  Not funny for you though, as you find out the Bitcoin holders ain't selling for your worthless shit.

Tue, 01/14/2014 - 17:22 | 4331795 akak
akak's picture

Why would I want to convert ANYTHING into Shitcoin, which will probably not even exist two or three years from now?

I'd rather waste my money on eTulips.

Tue, 01/14/2014 - 17:26 | 4331810 fonestar
fonestar's picture

Three years from now all that worthless shit you hoarded in your basement will be denominated in Bitcoin.  Actually, scratch that.... the worthless shit you hoarded will be denominated in satoshi (millionth of a BTC).

Tue, 01/14/2014 - 17:33 | 4331824 akak
akak's picture

I've got your satoshi right here in my toilet bowl.

Tue, 01/14/2014 - 17:39 | 4331859 Keyser
Keyser's picture

FFS, the broken record is back... 

Tue, 01/14/2014 - 18:12 | 4331985 resurger
resurger's picture

lol

Tue, 01/14/2014 - 18:47 | 4332134 Herd Redirectio...
Herd Redirection Committee's picture

Take Bitcoin.

Now remove the logo (because it uses the color gold, the shape of a real coin, and has a proxy for a $ on it, to convince you of its moneyness).

Now remove the word coin.

Now remove the word mining, because we know it doesn't involve any extraction of resources, never mind exploring,  no ore, no overburden, no waste, no crushing, no grinding, no work expended...

What do you have left?

Tue, 01/14/2014 - 19:44 | 4332310 shovelhead
shovelhead's picture

Religious dogma?

Tue, 01/14/2014 - 20:01 | 4332354 Jack Napier
Jack Napier's picture

Yes. It absolutely defies logic to embrace the blind faith that BitCoin is the end-all-be-all for digital currencies. It came ex nihilo, and so can a million clones. Gold on the other hand...

Tue, 01/14/2014 - 21:16 | 4332577 webbie
webbie's picture

Soooo why are you on the internet then??? Another protocol like TCP/IP can be made tomorrow, or could've been made years ago but yet everyone still uses the current internet protocol. May want to look at Bitcoin as a protocol and not some much as just currency.

Thu, 01/16/2014 - 10:13 | 4337542 TheReplacement
TheReplacement's picture

We use TCP/IP in place of Vines, Netbui, IPX/SPX, and a host of other protocols.  IP6 is slated to replace IP4.  PPP to PPTP to L2TP to IPSec...  Telnet to SSH, telephone calls and letters to emails to txts to tweets... 

Protocols and technologies are replaced or superceded all the time.  Bitcoin is not special.  Bitcoin is not real. 

Pull the plug and tell me how rich you are.

Tue, 01/14/2014 - 21:20 | 4332586 dark pools of soros
dark pools of soros's picture

the witchhunt is strong as ever with stackers!   they continue to post gossip drivel on the intertubes but do not understand the blockchain is what gives bitcoins their worth

 

I guess their words and opinions must be as worthless as how they value bitcoins

 

 

Wed, 01/15/2014 - 00:49 | 4333212 Apply Force
Apply Force's picture

So does the blockchain grow in a linear or an exponential fashion?  And what computing power might I need in - say - 1 or 2 years should a billion people decide to start using bitcoin? 

Wed, 01/15/2014 - 03:14 | 4333412 Tall Tom
Tall Tom's picture

Can you imagine waiting for days to download a 10GB Bitcoin??? Or upload it which will take even longer?

 

That is the major design flaw...the Blockchain.

Tue, 01/14/2014 - 17:45 | 4331882 jbvtme
jbvtme's picture

when local currencies (and state banks) take gold, bitcoins wil flush down the virtual toilet

Tue, 01/14/2014 - 19:12 | 4332226 fonestar
fonestar's picture

One single Bitcoin being flushed down the toilet has the power to destroy an entire city's sewage system.  Be careful what you wish for.

Tue, 01/14/2014 - 19:58 | 4332348 Scarlett
Scarlett's picture

you are better as XenoFrog, just switch accounts

Tue, 01/14/2014 - 20:02 | 4332357 fonestar
fonestar's picture

I don't have any other accounts moron.  Look  up my user profile and see how long I have been here.  I did have multiple accounts on cnbc.com but that's only because they kept disabling my accounts.

Wed, 01/15/2014 - 00:21 | 4333148 JohnnyBriefcase
JohnnyBriefcase's picture

How much is DARPA paying these days?

Tue, 01/14/2014 - 17:26 | 4331811 TeamDepends
TeamDepends's picture

He is practically begging for a good old-fashioned tenderizing.

Tue, 01/14/2014 - 18:42 | 4332112 paradox
paradox's picture

+3000000000 for the eTulip comment, someone knows their history.

Tue, 01/14/2014 - 19:16 | 4332232 Tapeworm
Tapeworm's picture

Actually it is iTulip.com

 I have a framed iTulip stock certificate on my wall.

Tue, 01/14/2014 - 19:39 | 4332292 fonestar
fonestar's picture

I guess by "history" you mean the ability for some blockhead to recite memes they read on Zerohedge, or perhaps a fifteen minute documentary on Youtube?

Tue, 01/14/2014 - 20:08 | 4332382 Jack Napier
Jack Napier's picture

Every investor knows about the tulip bubble. Just like everybody knows what they say about people who live in glass houses.

Tue, 01/14/2014 - 20:16 | 4332408 fonestar
fonestar's picture

What is that?  People who live in glass houses don't need solar heating?

Wed, 01/15/2014 - 01:52 | 4333317 prains
prains's picture

Bonestar

 

do you by chance have opposable thumbs?

Tue, 01/14/2014 - 17:25 | 4331807 LawsofPhysics
LawsofPhysics's picture

Right...

Like when they come onto my property and try to offer a "bit" in exchange for fruit from my fruit trees?

All they will "find out" is how the business end of a shotgun works.

Please, get out of the basement kid, it's a big, big world.

Tue, 01/14/2014 - 17:27 | 4331813 fonestar
fonestar's picture

I think it's me who will be schooling you, Farmer Bob in the ins and outs of the virtual world.

Tue, 01/14/2014 - 17:40 | 4331861 Sweet Chicken
Sweet Chicken's picture

Dear god Fonestar SHUT THE FUCK UP

Tue, 01/14/2014 - 17:48 | 4331887 fonestar
fonestar's picture

No!  I am here to spread the word, the gospel and the greatness of Satoshi!  For those who doubt, for those that disbelieve I ask that they meditate deeply upon the Bitcoin.  To find a quiet place and say one-thousand "hail Satoshis" in earnest with their rosaries.  To open your eyes and your hearts to a great future where you can be extremely wealthy and extremely smarmy to all those that doubted the powers of Satoshi.  Bitcoin has risen, as it is a living currency!  But fear not knavish child, as you are not the first adopter, you are certainly not the last adopter!  For those that buy at $10,000 will envy your supremacy and forethought!  We must think "brave new thoughts" as Heidegger once said, so free yourself from the dimensional constraints of three-dimensional currencies and the simple minds attempting to use them!  Ask yourself if a squirrel in the woods would hoard nuts that forever shrink in size?  Be a part of our greatest revolution in the past centuries and join us in eternal virtualization in our cloud.

Tue, 01/14/2014 - 17:59 | 4331934 Jugdish787
Jugdish787's picture

I used to think you were an MDB type spewing somewhat funny nonsense about bitcoin...Now you are starting to get a little annoying.  Fine, you win...everyone will be using bitcoin.  So you can now stfu.

Tue, 01/14/2014 - 18:21 | 4332011 NotApplicable
NotApplicable's picture

Interestingly enough, he's taken all the air out of MDB's space. Nobody here can train-wreck a thread quite like fonestar does these days.

Which makes me wonder if he isn't really an anti-bitcoin troll underneath a facade?

Then again, the internets are filled with zealots of all stripes who seemingly have no idea that every word they post undermines their ability to make a positive point, as all it does is to strengthen the resolve of those who they argue with.

In conclusion:

Poe's Law wins again!

Tue, 01/14/2014 - 18:43 | 4332118 MillionDollarBogus_
MillionDollarBogus_'s picture

Fonesexstar is many things, but he's no MDB...

His Santorum frothing is a plea to take the same plunge...

Tue, 01/14/2014 - 18:47 | 4332131 akak
akak's picture

 

Which makes me wonder if he isn't really an anti-bitcoin troll underneath a facade?

You could be correct, NA.

Or, to be even more cynical and paranoid, what if Fonestar is one of the Tylers themselves, stirring up shit just to generate more clicks?  Funny how there always seems to be ONE egregious and omnipresent 'troll' at any given time on ZH, pushing just the right buttons for maximum effect.

Tue, 01/14/2014 - 19:00 | 4332180 dick cheneys ghost
dick cheneys ghost's picture

BINGO

Tue, 01/14/2014 - 19:07 | 4332207 fonestar
fonestar's picture

How pathetic, an anti-Bitcoin troll like yourself trying to throw accusations at me!  Nobody on the world-wide-web is as fanatically pro-Bitcoin as myself and I have been on here since the earliest days of Bitcoin saying so.

Tue, 01/14/2014 - 20:01 | 4332356 Scarlett
Scarlett's picture

nonono, you were here as XenoFrog, then you decided to go true-believer fanatic.  

Either way, it's not working.

Tue, 01/14/2014 - 18:08 | 4331936 akak
akak's picture

The Satoshi is my shepherd; I shall not want.

He maketh me to lie down in fiat-green pastures: he leadeth me beside the still NWO waters.

He subverteth my soul: he leadeth me in the paths of total trackability for surveillance's sake.

Yea, though I walk through the valley of the shadow of the NSA, I will fear no evil: for thou art with me; thy blockchain and thy publicly open software they comfort me.

Thou preparest a fable before me in the presence of mine enemies: thou anointest my head with the latest cyberfad; my bitcoin wallet runneth over.

Surely every transaction I have ever made shall follow me all the days of my life: and I will dwell in the house of Satoshi for ever.

Tue, 01/14/2014 - 18:30 | 4332050 unrulian
unrulian's picture

+1

Tue, 01/14/2014 - 20:16 | 4332405 KnightTakesKing
KnightTakesKing's picture

+1. Pure genius.

Tue, 01/14/2014 - 18:01 | 4331945 fxrxexexdxoxmx
fxrxexexdxoxmx's picture

True enlightenment can not be achieved while attempting to acquire physical or virtual things.

 

Tue, 01/14/2014 - 18:30 | 4332054 unrulian
unrulian's picture

...Just invisible things

Tue, 01/14/2014 - 18:04 | 4331955 Bananamerican
Bananamerican's picture

god, I hope you're not in sales, fonestar...

Right now I can't shake the idea that BC is for people who like Techno music, "vaping" and the "security" of their android phones

Tue, 01/14/2014 - 19:02 | 4332189 fonestar
fonestar's picture

I don't listen to techno music, can't stand electronic music and rap.  I listen to Kenny Rogers and George Jones (as do most Bitcoiners).

Tue, 01/14/2014 - 19:47 | 4332318 shovelhead
shovelhead's picture

A very strange cult.

Anyone remember Jonestown?

Tue, 01/14/2014 - 20:09 | 4332326 fonestar
fonestar's picture

Incidentally, I was born eleven days before Jonestown.  I remember watching it on the news as it was unfolding.

Wed, 01/15/2014 - 05:02 | 4333454 o2sd
o2sd's picture

SOLID.FUCKING.COMEDIC.GOLD!!!!!!!!!!!!!!!!!!!!!!

 

Tue, 01/14/2014 - 19:54 | 4332335 Blano
Blano's picture

Auntie Em!!  Auntie Em!!  There's no place like home......

Tue, 01/14/2014 - 17:49 | 4331892 akak
akak's picture

Maybe if we all chip in and pay him one bitcoin he'll go away.

Although I doubt it.

Tue, 01/14/2014 - 17:29 | 4331823 Agent P
Agent P's picture

Just to be clear, you'd rather own claim to some computer bytes invented by a fake Japanese guy than own physical assets?  Is that what you're saying? 

Tue, 01/14/2014 - 17:32 | 4331828 fonestar
fonestar's picture

Bitcoin is a voluntary currency..... until we shove them down your throats.

Tue, 01/14/2014 - 17:38 | 4331840 akak
akak's picture

Ah, NOW we see the violence inherent in the system!

 

Help, help, I'm being virtually repressed!

Tue, 01/14/2014 - 17:49 | 4331891 Miffed Microbio...
Miffed Microbiologist's picture

The Lady of the Lake-- her arm clad in the purest shimmering samite,
held aloft Excalibur from the bosom of the water, signifying by
divine providence that I, Fonestar , was to carry Bitcoin. THAT is why
I am your king! Bloody PEASANT!

Oh, what a giveaway! Did'j'hear that, did'j'hear that, eh? That's
what I'm all about! Did you see 'im repressing us? You saw it,
didn't you?!

HELP! HELP! WE ARE BEING REPRESSED!

Miffed;-)

Tue, 01/14/2014 - 18:01 | 4331942 Agent P
Agent P's picture

Strange Japanese men lying in ponds distributing fake currency is no basis for a system of government. Supreme executive power derives from a mandate from the masses, not some farcical aquatic ceremony.  You can't expect to wield supreme power just because some watery tart threw a block chain at you!

Tue, 01/14/2014 - 18:35 | 4332078 DaddyO
DaddyO's picture

I love it when you use the word Bosom, I get a chill up and down my leg...

DaddyO

Tue, 01/14/2014 - 17:41 | 4331865 Keyser
Keyser's picture

You are starting to sound like a Hare Khrishna bot.  Go beat your dead horse on the bitcoin sites, we get it already. 

Tue, 01/14/2014 - 17:51 | 4331902 fonestar
fonestar's picture

If you have not bought Bitcoin you have not got the message yet.  I could go to reddit, sure... but already blessed are the readers of reddit.  I came to the wilderness where people continue to live under a false dichotomy of dollars/metal.  

Tue, 01/14/2014 - 18:27 | 4332031 skipjack
skipjack's picture

Bitcoin is great...right up to the moment the grid goes down or the Internets run away. Unless you control both, you are at the mercy of many forces way, way beyond your control.

Tue, 01/14/2014 - 18:36 | 4332087 DaddyO
DaddyO's picture

Shhh, rationality has nothing to do with this bitcoin talk...

DaddyO

Tue, 01/14/2014 - 20:10 | 4332393 Miffed Microbio...
Miffed Microbiologist's picture

Don't you remember in our youth how it was so stimulating to be caught up in irrational exuberance DaddyO? Oh the impetuousness of the young, sure of everything, going to save the world. Fortunately we didn't have the internet to show the world our silly inclinations. Don't worry, someone will scream SQUIRREL and he'll redirect to some other nonsense.

Miffed;-)

Wed, 01/15/2014 - 00:52 | 4333223 Harry Dong
Harry Dong's picture

Beanie babies FTW!

Tue, 01/14/2014 - 18:44 | 4332121 Freegold
Freegold's picture

It could be that +5000 years of gold tradition have come to an end but i´m not betting money (gold) on it.

Tue, 01/14/2014 - 17:54 | 4331916 Agent P
Agent P's picture

I really hope you don't lose your shirt on this...mainly because I don't want to see you without a shirt on. 

Tue, 01/14/2014 - 18:21 | 4332014 Stoploss
Stoploss's picture

We have to see that, an we pick you, motherfucker, to be the one...

Come on, strap one of those imaginary coins to your bonestar ass and jump off the empire state building...

 

You are wasting your time here. See, the reason gold is suppressed is to allow the Chinese time to accumulate all they think they will need to satisfy them enough to wipe out our debt to them so they don't invade us and take possession of everything THEY OWN.

You will wake up to a golden dawn, Butstar.

I will laugh my ass off!

Tue, 01/14/2014 - 18:28 | 4332041 skipjack
skipjack's picture

Chinese invade us ?  OMG lololololololol Do you know nothing about supply chains, logistics, etc ? The Chinese might threaten us with a lot of things, but an invasion is not even credible.

Tue, 01/14/2014 - 18:43 | 4332116 kodachrome
kodachrome's picture

How come I see so many negs on your comments Fonestar?

 

You make the most sense of anyone here, I bought bitcoin and I continue to buy more and mine more (you still can you know, with GPU's via middlecoin.com) If I can find it again I will post an image of the logarithmic trendline of 1 million dollars priced in bitcoin. Extrapolating we can expect to see bitcoin 1:1 in 2017.

 

/SHRUG

Do whatever you want fuckers. I'm buyin' since $60 dollars. Since zerohedge first brought it to my attention. Thanks for that Tyler.

 

 

 

 

Tue, 01/14/2014 - 20:19 | 4332414 fonestar
fonestar's picture

They can't handle the truth.

Wed, 01/15/2014 - 01:18 | 4333273 prains
prains's picture

Fonestar...

 

the truth isYOU are exactly why I won't touch Bitchcoin with your rotting shrivelled dick. You're the poster boy for the scam it is!!

Tue, 01/14/2014 - 21:35 | 4332627 webbie
webbie's picture

Same here bro.. I didn't know about it until ZH posted about it and I immediately jumped on it. --- It's been a wonderful ride since then! And yes I have taken profits along the way, for all you "it's not real until you cash out" crowd...... Oh and to piss the PM stackers off even more, I bought a little silver with some of my profits - hellava a lot more than if I were to have held fiat for that same amount of time and bought Silver directly.  

/Oh well...

Wed, 01/15/2014 - 05:04 | 4333457 JustUsChickensHere
JustUsChickensHere's picture

Same here  .... [grin]

Tue, 01/14/2014 - 18:44 | 4332117 kodachrome
kodachrome's picture

How come I see so many negs on your comments Fonestar?

 

You make the most sense of anyone here, I bought bitcoin and I continue to buy more and mine more (you still can you know, with GPU's via middlecoin.com) If I can find it again I will post an image of the logarithmic trendline of 1 million dollars priced in bitcoin. Extrapolating we can expect to see bitcoin 1:1 in 2017.

 

/SHRUG

Do whatever you want fuckers. I'm buyin' since $60 dollars. Since zerohedge first brought it to my attention. Thanks for that Tyler.

 

 

 

 Double post but I'm keepin' it.

Tue, 01/14/2014 - 20:19 | 4332417 fonestar
fonestar's picture

They still can't handle the truth.

Tue, 01/14/2014 - 20:29 | 4332451 nmewn
nmewn's picture

"Bitcoin is a voluntary currency..... until we shove them down your throats."

Thats some seriously weird Satoshi-Yellen speak ya got goin on there.

Tue, 01/14/2014 - 18:42 | 4332099 hedgeless_horseman
hedgeless_horseman's picture

 

 

It will be funny to watch you try and convert all of your "hard assets" into Bitcoin during the crack-up bitboom.  Not funny for you though, as you find out the Bitcoin holders ain't selling for your worthless shit.

lol

...convert all of your "hard assets" into Bitcoin...

Thank you.  I needed to read that, especially the quotes around hard assets.  It is an Instant Classic-- I printed it out.

Tue, 01/14/2014 - 18:49 | 4332146 akak
akak's picture

Indeed, HH.  Just as I still treasure that quote by (former) deflationary poster JimmyJames:

"Constant inflation-adjusted prices prove that there is no inflation".

 

That's some good shit right there!

Tue, 01/14/2014 - 21:56 | 4332696 Miffed Microbio...
Miffed Microbiologist's picture

I tried to constantly inflation adjust my weight this holiday season to find myself inflating out of my favorite jeans. For some reason the experiment went awry and I'm sad Jimmyjames isn't around to tell me what I did wrong and how to do it properly. I guess I flunked theoretical economics and used faulty modeling.

Miffed;-)

Tue, 01/14/2014 - 22:03 | 4332719 akak
akak's picture

I think your mistake lay in not breaking your mirror first --- after all, a mirror is a kind of window, and deflationists just HATE those!

Wed, 01/15/2014 - 02:44 | 4333386 El Vaquero
El Vaquero's picture

My my my, that is funny.

 

Speaking of, I was coming back from a deer hunt tonight (no success,) and stopped at a restaurant that I used to like back in the '90s in a small town.  Their menu used to be $3-$8/meal.  Now, it is $7-$13.  Also, while there were the cutsey little teenagers coming in with their parents, there were an awful lot more people who came lumbering in with their bellies than I remember. 

 

Another observation was all of the new rich yuppie type houses that were out in the middle of fucking nowhere, many with for sale signs.  Not McMansions, genuinely nice houses, out in BFE, with the soccer mom type SUVs to match.  I'm not sure if the for sale signs are because they're overextended, or if they found out that living south of Hillsboro, NM, on a dirt road that is dusty as hell most of the year, except for when it rains, then it's washed out, is a little tougher than they thought. 

Wed, 01/15/2014 - 02:34 | 4333375 El Vaquero
El Vaquero's picture

 

It will be funny to watch you try and convert all of your "hard assets" into Bitcoin during the crack-up bitboom.  Not funny for you though, as you find out the Bitcoin holders ain't selling for your worthless shit.

LOL dude.  Bitcoin is an interesting idea, but when you get down to it, real, tangible things are what the economy is all about.  You're just like the money changers at the Fed who think that the economy is all about the dollar, while you are thinking that it's all about the Bitcoin, and to hell with everything else.  In a real crack-up boom, I'm going to be with LoP on this.  I'll exchange my lead for your bitcoin if you press the issue.

Wed, 01/15/2014 - 05:13 | 4333460 o2sd
o2sd's picture

Actually, no, what the economy is all about is the EXCHANGE of real tangible things between market participants. And the easiest way to facilitate that exchange is to have some kind of medium of exchange that serves as

1) A ledger of account.

2) A measure of relative value without having to trade two items directly (i.e. so chicken farmers don't have to find people who want chickens in order to trade).

3) A contract of exchange.

It should also be

1) Difficult to produce forgeries (like the Federal Reserve does on a daily basis. They create the medium of exchange from nothing, which is a forgery).

2) Easy to secure.

3) Widely accepted as legal tender for the settlement of accounts.

Of all those requirements, the only one that Bitcoin currently ISN'T is the last one, and interestingly, neither is gold.

Tue, 01/14/2014 - 17:14 | 4331765 epicurious
epicurious's picture

I believe it is more akin to a PHD in chain letter writing.

Tue, 01/14/2014 - 17:24 | 4331800 TheFourthStooge-ing
TheFourthStooge-ing's picture

.

That's like, becoming a Grand Wizard in World of Warcraft, or something, right?

Even better than that. It's like becoming Grand Chinpokomon Master!

Tue, 01/14/2014 - 19:24 | 4332247 nightshiftsucks
nightshiftsucks's picture

No that's the guy on his knee's on the other side of the glory hole when you stick your penis through.

Tue, 01/14/2014 - 19:48 | 4332322 Blano
Blano's picture

And what exactly the hell is that??

Wed, 01/15/2014 - 02:29 | 4333364 imbtween
imbtween's picture

Bullish for Doge.

Tue, 01/14/2014 - 17:06 | 4331734 NOTaREALmerican
NOTaREALmerican's picture

Re;  revolution

Join the party, buy a flag.  

Change is just an oppotunity to BTFD. 

Tue, 01/14/2014 - 17:03 | 4331722 Winston Churchill
Winston Churchill's picture

Damn right.

My grandfather made a fortune during the Depression.Ended owning a couple of copper mines

in what was Rhodesia , bought with gold I might add.

Tue, 01/14/2014 - 17:31 | 4331827 geno-econ
geno-econ's picture

Only next time will not be your or my grandfather---- it will be a Chinese grandfather. US is decapitalizing one way or another through wealth destruction or deficits, while China is creating wealth by earning dollars which will be invested in Rhodesia and elsewhere to avoid devaluation. They also have plenty of Gold

Tue, 01/14/2014 - 17:50 | 4331895 DFCtomm
DFCtomm's picture

That remains to be seen. There is a huge weapons inventory in the U.S. That will have to resolved before you can make that call, and once the shooting starts it can go either way. Our military is very experienced, and our robotic research is all terrain with multiple weapons mounting systems, while Asian robots all look like attractive teen girls. We'll see if we are capable of making the full transion to an empire as the Romans did.

Wed, 01/15/2014 - 00:20 | 4333144 Real Estate Geek
Real Estate Geek's picture

So I'm, I mean my friend is wondering how they're coming along making those attractive teen girl robots . . .

Tue, 01/14/2014 - 17:03 | 4331726 NOTaREALmerican
NOTaREALmerican's picture

Re:  Bring it.

So, basically,  it really is just: BTFD?

Tue, 01/14/2014 - 17:35 | 4331839 BKbroiler
BKbroiler's picture

yup. BTFDepression.

Tue, 01/14/2014 - 19:29 | 4332264 DR
DR's picture

The Fed can support a floor on almost any asset class by buying in the market.

Wed, 01/15/2014 - 07:41 | 4333544 new game
new game's picture

cash is king til the king is dethroned!!!

beheaded as in france circa 1800's...

Tue, 01/14/2014 - 16:52 | 4331676 Debtonation
Debtonation's picture

This is partly due to last years fiscal cliff debacle. Some disposable income was shifted forward to last December to avoid the higher 2013 taxes.  We may have to wait a while longer to get a sustained negative print.

Tue, 01/14/2014 - 20:17 | 4332411 Turin Turambar
Turin Turambar's picture

Saturated fat is not what makes people fat.  Fat people are usually caroaholics and/or sugarholics.  Wheat and fructose are killing millions slowly, and most people don't have a clue.  Eat your government recommended low-fat, healthy whole grain diet become morbidly obese with type 2 diabetes and then listen to the government complain about the broken, overwhelmed healthcare system.  The absolute idiocy of it all boggles the mind.

Wed, 01/15/2014 - 03:13 | 4333408 El Vaquero
El Vaquero's picture

It's a low nutrition high calorie diet that's fucking people.  Wheat and fructose are fine in reasonable quantities, but much of our bread has a load of high fructose corn syrup in it.  That's wheat and HFCS in one shot.  HFCS is in everything.  If people replaced it with honey, they'd still be gelatinous fatasses.  (But honey tastes better.)

Tue, 01/14/2014 - 16:47 | 4331655 I am more equal...
I am more equal than others's picture

 

 

 

Is this stat juiced?

 

Tue, 01/14/2014 - 17:29 | 4331822 disabledvet
disabledvet's picture

I thought it was "in"...as in "the fix is in."

Tue, 01/14/2014 - 16:45 | 4331650 I am more equal...
I am more equal than others's picture

 

 

 

no on the /s.  Sarcasm is best left to reader interpretation not so much the writer.

Tue, 01/14/2014 - 16:54 | 4331686 Boris Alatovkrap
Boris Alatovkrap's picture

Sarcasm is for bad news as sugar is to bitter medicine... is make digestion more ease.

(except bad news is not make patient better, just more sick, so maybe analogy is not work.)

Tue, 01/14/2014 - 22:18 | 4332769 Tall Tom
Tall Tom's picture

The analogy is perfect as Bitter Medicines generally make the patients sicker from the unintended side effects. Boris.

 

Keep writing. You are one very wise man.

Tue, 01/14/2014 - 16:42 | 4331629 MarkD
MarkD's picture

I see alot of $40k HELOC's in my county in the past year

Tue, 01/14/2014 - 17:18 | 4331783 RaceToTheBottom
RaceToTheBottom's picture

Maximize your ability to accept Debt!!!

Tue, 01/14/2014 - 17:42 | 4331871 caShOnlY
caShOnlY's picture

I see alot of $40k HELOC's in my county in the past year

the worlds reserve currency is such a boon to the credit makers!!

Tue, 01/14/2014 - 16:46 | 4331648 SeattleBruce
SeattleBruce's picture

"if you can't afford it, f'n finance it !!!!"

Right!  I wanna pay 5% interest for 30 years on my $50 meal I eat tonight!  Why not??!  Woohoo - live it up.../sarc

Tue, 01/14/2014 - 17:09 | 4331745 kw2012
kw2012's picture

2008 2.0

Tue, 01/14/2014 - 17:48 | 4331889 25or6to4
25or6to4's picture

Many of my neighbors nearly lost their houses in the 2008 period. It's back to buying toys with credit for the past two years. They've learned absolutely nothing. Good riddance once this falls apart again.

Tue, 01/14/2014 - 19:47 | 4332320 Blano
Blano's picture

Restaurants here in Dallas can't be crammed with just homeowners can they?  There's too many.

Wed, 01/15/2014 - 07:17 | 4333525 Acet
Acet's picture

Just today here in London (UK) one the newspaper's headlines read "We make more from houses than employment".

Here a full blown housing bubble has been reinflated in a matter of months after the government put in place a scheme were the taxpayer insures banks for losses on loans for more than 80% of the house price.

Meanwhile a marketting pamphlet I got the other day from a Real Estate agency was going on all about how foreign investors are buying in London.

The result is that house prices in London went up (from an already overinflated value) by so much that in average people have seen their houses go up in "value" by £50.000, which is more than the average salary in London.

Clearly there are plenty of suckers out there to feed this bubble a little longer.

 

The whole thing has FUBAR written all over it.

Tue, 01/14/2014 - 16:38 | 4331604 Boris Alatovkrap
Boris Alatovkrap's picture

Boris is not see citizenry at mall or eat in restaurant, but is watch to scrounge in refuse pile* and eat stale food from empty pantry. Maybe money is spend in Sochi, but not here.

(* Boris is read of new AmeriKan sport, "dumpster dive", maybe is popular to be in next Summer Olympic Game?)

 

Tue, 01/14/2014 - 16:46 | 4331652 negative rates
negative rates's picture

I make a 40 buck on last dive, no gigalos too.

Tue, 01/14/2014 - 16:57 | 4331700 Boris Alatovkrap
Boris Alatovkrap's picture

Maybe is more safe than is copper extraction... but Boris is only find spoil food in local refuse pile. You are find spoil fiat currency!?

Tue, 01/14/2014 - 17:28 | 4331816 negative rates
negative rates's picture

Yes, empty galvanized buckets and a broom stick.

Tue, 01/14/2014 - 22:30 | 4332796 Tall Tom
Tall Tom's picture

Homeless people have brought me Scrap Gold from their Dumpster Diving expeditions, Boris. (I have paid them well.)

 

People are so stupid in the United States that they throw Scrap Gold away as it is broken. The Homeless are pretty "Street Wise" as they Dumpster Dive in affluent areas.

 

Initially I would not have believed it but my own anecdotal experience with trashed Gold has validated their claims.

Tue, 01/14/2014 - 17:19 | 4331786 RaceToTheBottom
RaceToTheBottom's picture

Does Dumpster Dive require Speedo swimsuit?

Tue, 01/14/2014 - 17:29 | 4331819 TheFourthStooge-ing
TheFourthStooge-ing's picture

.

Does Dumpster Dive require Speedo swimsuit?

Only if you're the catcher.

Tue, 01/14/2014 - 21:51 | 4332676 Boris Alatovkrap
Boris Alatovkrap's picture

Wife is ask Boris not wear Speedo in public area.

Tue, 01/14/2014 - 22:35 | 4332814 akak
akak's picture

Due to Boris lack of kielbasa & pierogi in pubic area?

Wed, 01/15/2014 - 02:53 | 4333394 Boris Alatovkrap
Boris Alatovkrap's picture

Boris is not lack, but maybe is prodigious in abundance. Or maybe is better not for display of extra "nipple" on back. Or maybe speedo from 1973 is bit thread bare. Boris is not youthful body anymore.

Wed, 01/15/2014 - 12:10 | 4334070 akak
akak's picture

Or maybe Boris wife is really want Boris shave back and shoulders?  TV commercials is tell me hairy back not so good look anymore, but Akak is say only girlymen  of metrosexuality are do it.  Shame, shame for them!

Tue, 01/14/2014 - 16:39 | 4331609 NIHILIST CIPHER
NIHILIST CIPHER's picture

flacon          Giftcards. That's all we have left in Merika, f%$king giftcards.

Tue, 01/14/2014 - 16:40 | 4331612 MarkD
MarkD's picture

I'm with ya flacon

My wife says they don't even try to cover up the EBT cards in the grocery line anymore. Dressed fine and drive of in newer cars then what we drive.

Tue, 01/14/2014 - 17:45 | 4331883 Keyser
Keyser's picture

Welfare recipients use their EBT cards at Disney World and Vegas...

http://www.frontpagemag.com/2014/dgreenfield/welfare-recipients-take-ebt...

 

Tue, 01/14/2014 - 16:47 | 4331654 frankTHE COIN
frankTHE COIN's picture

LayAway.

Tue, 01/14/2014 - 17:02 | 4331714 The_Ungrateful_Yid
The_Ungrateful_Yid's picture

IKR, where I live I see people in new BMW, Mustang GT, Mercedes, Lexus cars. They sure as hell ain't getting it from handouts. The economy is booming in my neck of the woods (Houston).

Tue, 01/14/2014 - 17:12 | 4331761 NOTaREALmerican
NOTaREALmerican's picture

Same in KaLi.  

If you look at the number of new cars and bling there's no economic problems at all.

The top 20% or so are doing great.  

Tue, 01/14/2014 - 18:02 | 4331946 seek
seek's picture

Houston is doing fine due to new oil money.

Also, you can't judge based on vehicles. They're giving car loans to anyone with a pulse even if their FICO is approaching 400; my brother's connections at the local dealerships have seen "repeat offender" car buyers that have gotten loans, made the single requisite payment, and had the car repossessed -- get new cars their third or fourth time in a row doing this.

In my area (AZ) I'm starting to see some cracks emerge around housing, it has a very 2007-2008 feel to it.

I think a lot of it is handouts -- the QE kind -- rippling into various segments of the population that already have fairly high compensation. So all we're really seeing is what's left of the wealthy shopping, and not a stellar economy with a few exceptions such as the aforementioned oil money.

Wed, 01/15/2014 - 02:53 | 4333395 disabledvet
disabledvet's picture

"say when...

Tue, 01/14/2014 - 20:05 | 4332373 Blano
Blano's picture

I'm in DFW.  My daughter visits me from Detroit and says "everybody here has nice cars."

Tue, 01/14/2014 - 17:04 | 4331729 ejmoosa
ejmoosa's picture

From the government in handouts!

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