Just a few months ago the total net worth of all Bitcoins, a popular encrypted digital currency, was worth about $140 million. The non-tangible exchange mechanism is used by people all over the world to purchase everything from traditional goods and services, to illicit trade that may include drugs and stolen credit card numbers. The coins became a go-to digital store of wealth around the world after the meltdown of the Cypriot financial system, and was pushed as a ‘safe’ way to preserve wealth out of view prying government eyes. All of the excitement surrounding Bitcoin has driven the price of a single unit to in excess of $250, giving the total Bitcoins in global circulation a market capitalization of over $2.5 Billion in just a few months time.
Earlier this morning, Mike Adams of Natural News penned a warning to investors and those seeking privacy and wealth protection by utilizing the digitally encrypted BitCoin currency unit:
Bitcoin has become a casino. It is almost a perfect reflection of the tulip bulb mania of 1637 in these two ways: 1) Most people buying bitcoins have no use for bitcoins (just like tulip bulbs), and 2) The rapid increase in bitcoin valuations cannot be substantiated in any way that reflects reality.
In other words, there is no fundamental reason why bitcoins should be 2000% more valuable today than four months ago. Nothing has changed other than the craze / mania of people buying in.
…
When bitcoins were in the sub-$20 range, I was not concerned about any of this. I actually encouraged people to buy bitcoins and support the bitcoin movement. But alarm bells went off in my mind when it skyrocketed past $150 and headed to $200+ virtually overnight. These are not the signs of rational markets. These are warning signs of bad things yet to occur. (Via Infowars)
A few hours after Adams’ dire warning was posted, the crash he warned about has become a reality.
This morning, without warning, and moments after Bitcoin achieved its all time highs, the currency collapsed over 50%, essentially vaporizing upwards of one billion dollars in value.
This is what panic selling looks like – in real time:
(Chart Courtesy Bitcoinbullbear.com)
And given that there are no protective mechanisms for the alternative free market Bitcoin trade, the crash may not yet be over.
Will it stage an amazing recovery? Alas, for this particular bubble, there are no NYSE circuit breakers nor is there a Federal Reserve-mandated “plunge protection team.” And why should there be? The central banks hate all currency alternatives. Firehats: on, especially since the volume is still relatively lite. (Zero Hedge)
The momentum for Bitcoin has now turned to the downside, much like it did in previous crashes where the currency achieved new highs, and was promptly sold off by those who bought into the bubble early at rock-bottom prices.
While BitCoin may be a preferred method of keeping payments for services and products private through its crypto-mechanisms, it is still a non-tangible asset and it require brokers and the internet to function properly.
Touted as a safe haven store of wealth and a “gold standard of the internet age” by Forbes, tens of thousands of investors bought into the hype.
Today they are paying the price.
During times of financial and economic stability BitCoin may function just fine as a suitable mechanism of exchange. But these are not ordinary times. Interesting, yes. Stable, no. And thus, exchanging one’s assets and turning them into digital Bitcoins may not be the best choice of asset protection during periods of financial, economic and political turmoil and uncertainty.
Only physical assets – the kind we can hold in our hand – can truly be called safe havens.
Food in your pantry that you can consume at anytime.
Skills and labor you can barter for other goods.
Precious metals, which have stood the test of time over thousands of years.
Land on which you can produce food and alternative power.
These are the assets that provide a realistic level of safety and security.
These are money when the system crashes and confidence in the paper ponzi schemes around the world is lost.
Bitcoin is fine for certain types of transactions. But having funds in Bitcoin is, obviously, no different than a deposit account at a bank which can go under or a stock market prone to manipulation.
Get physical. It’s the only way to ensure your assets will really be there when you need them.
I sold yesterday and locked in a nice 200% profit.
Like PT Barnum said – “there’s a sucker born every minute”.
I stayed away from it myself. Nice return for you though. Like the article says, if you can’t hold it you don’t own it. I have been sticking to this advice, I’m never lucky enough to get out right before a bubble pops, so I just stay out now.
There are 3 entities not to trust: media, gov’t and the market. Where are people getting the faith to throw away their earnings?
This market isn’t nearly that broad or even deep. It is driven by Fed money with no where else to go — too scared to go into investments in plants or factories (which would have to hire workers who would come under Obamacare.) So it pumps up the stock market like crazy.
All I’m saying is that there are signs if you listen to them, and I’m not talking about Jim Cramer. I’m also not telling you to get out of the market if you don’t want to. Don’t blame me if you do and it goes to a million. Borrowing against your 401k may not work for you; in fact it won’t work in a lot of situations, but if you can afford the payment, and want to get a little out of the market, it is something to consider.
But if it walks like a duck and looks like a duck and quacks like a duck, well you have probably got a duck on your hands. But what do I know, I’m just a small town country banker.
“History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance.”
President James Madison
Truth is most people don’t realise that the issuing of money is essentially a private business, and that the privilege of issuing money has been a major bone of contention throughout history
Wars have been fought and depressions have been caused in the battle over who issues the money; however the majority of us are not aware of this, and this is largely due to the fact that the winning side became and increasingly continues to be a vital and respected member of our global society, having an influence over large aspects of our lives including our education, our media and our governments.
While we might feel powerless in trying to stop the manipulation of money for private profit at our expense, it is easy to forget that we collectively give money its value. We have been taught to believe printed pieces of paper have special value, and because we know others believe this too, we are willing to work all our lives to get what we are convinced others will want.
An honest look at history will show us how our innocent trust has been misused. http://www.xat.org/xat/moneyhistory.html
Another thing to consider, could this whole bitcoin thing be a setup by the bankers themselves. Think about it, presenting like it’s ‘alternative’ to make people ‘go digital’, and that’s what they want, no cash etc. activispost had an article on that possibiity a few days back.
Always have to watch out for controlled opposition tricks.
Today banks are allowed to loan out at least ten times the amount they actually are holding, so while you wonder how they get rich charging you 11% interest, it’s not 11% a year they make on that amount but actually 110%.
Im not sure its faith…usually its greed…and if its not greed its often the drowning man syndrome of grasping at anything trying to save oneself…I can blame a greedy person but not a desperate one…its sad but hey anything that does not have intrinsic value in and of itself is not a safe investment at least thats how I see it,could be Im wrong but then Ive never invested in anything and lost my shirt so Ill go on that!
REB; you might be right but greed mixed with faith has to be a hell of a blindness (addiction).
Let’s see now. Media, government and the stock market.
Anyone care to start a contest where people can submit their best guesses on which identifiable ethnic group is presently in control of all three of those things that none of us can trust?
Klingons are not eligible for submission, sorry.
It’s no surprise to anyone with a brain.
It was almost catching on, so the banksters flooded it with money to precipitate a crash and make yet another alternative to their criminal empire look bad.
If you lost money with bitcoin, you are a fool. Why do so many people buy into fictions?
I’ve never held a bitcoin, and couldn’t if I wanted to, so why on earth would I want to own one. I don’t even know of anybody that takes them.
Hahahahahahahahahaha,,,,,,,,hahahahahaha,,,,wooooooooo,hahahahaha
I needed that!
Hmmm, lets see here,
Gold ‘vaporizes’ at 5173 degrees Fahrenhiet,
Silver does so at 3924 degrees,
Bitcoin vaporizes whenever the vagaries of human whim dictate,
Ummm, I’ll stick with PM, Thank’s anyway BitCoin!
Adios Muchacho’s, Andele’, Andele’ !! 😉
JOG
Gods Creation,
That is exactly what I was thinking. Let’s say you are a major player like a major financial institution and you see this bitcoin going up in value and you perceive a threat to your empire. You then use money that is being injected into the system via the fed to inflate then crash the young upstart and if you took a loss you write it off at the end of the next year while posting more profits….
Or maybe I am reading into this….
Keep your powder dry,
JJsan
My boy gave me a whole set of these BitCoins for Fathers day last year so why are they saying they don’t really exist? I may just take all of them back to the hardware store if their going up 200% and use that money to get fishing tackle.
I saw a sticker on a fellers truck at the fishing hole that said fish tremble at the sight of his rod. Isn’t this the same for all of us when we tremble at the power and the glory of Jesus? Let the heathen tremble at the sight of his rod for we have powerful friends in high places. Remember this as you go about the important task of our daily work.
A better inscription for a bumper sticker would be that the rods of the self chosen swindlers on Wall Street tremble with anticipation and excitement at the sight of a gentile who is bending over and grabbing his financial ankles, fixing to bite on the latest big scam that has baited the gentile fleecing hook.
“The colonies would gladly have borne the little tax on tea and other matters had it not been that England took away from the colonies their money, which created unemployment and dissatisfaction. The inability of the colonists to get power to issue their own money permanently out of the hands of George III and the international bankers was the PRIME reason for the Revolutionary War.”
Benjamin Franklin’s autobiography
So if I understand this correctly, a bunch of people bought…nothing.
Then, the folks selling nothing said that the value of nothing had dropped.
This left the people who bought nothing, losing….everything they invested in nothing.
It kind of reminds me of those “virtual life” games where people spend money on imaginary sports cars and imaginary homes. The Bitcoin buyers bought imaginary money and got what they paid for.
I’m sorry for those who lost money, though. It has to be a terrible feeling.
Howdy Daisy,
” a bunch of people bought…nothing.
Then, the folks selling nothing said that the value of nothing had dropped. This left the people who bought nothing, losing….everything they invested in nothing.”
That has a remarkably “Zen” flavor to it…good one!
JOG
Daisy,
This Bitcoin debacle sounds like a Seinfeld episode, with Cramer trying to convince everyone to by it
Oops … “buy” it
Yes, your feelings are sorry.
One of my sons use to play an online game and in that game he would acquire virtual currency so he could buy better stuff within the game, weapons, land, buildings. Well I guess he was pretty good at the game because he would sell game currency for real FRN’s to people from all over the world. He set himself up with a pay pal account and would get some pocket money. I guess you could call that game currency bitcoins.
Why am I suppose to care about someones gaming money, I mean bitcoins? are they going to buy a troll army and invade the emerald forest in the land of winter rainbows?
Hey Daisy, when it smells like an OTC, it probably is. Or maybe it isn’t. Maybe it never was. Or was it?
I heard the winners were gonna take their earnings and go on a nice Carnival cruise to Atlantis. 🙂
Money itself is nothing, until you can exchange it for something. This includes the Federal Reserve Notes you use.
Old saying,”Bulls make money, bears make money, pigs get slaughtered”. Anyone who was looking at a huge gain and did not sell well what can one say?
I think it was pigs get fat, hogs get slaughtered. Least that’s the one I heard.
Like that Car setting out in your driveway?
My dad has always said that you can make more money by having Easter Lillies ready one week before Easter than one week after.
Too many greedy people in the business world to play those games anymore. Just want to get debt down, thus that will give me extra monthly income that returns higher than stocks.
How much is Bit Coin worth when the power goes off?
Same as it is now. NOTHING.
It may be time to go back to the “Tally Sticks”…of the 12th-17th centuries! Reckon?
How much is the dollar worth when the government collapses? Ask Argentina, Angola, Belarus, Bolivia, Brazil, Bulgaria, Ecuador, Georgia, Germany, Madagascar, Nicaragua, Mexico, Peru, Poland, Romania, Russia, Turkey, Ukraine, Zaire, and Zimbabwe. They all had fiat currencies which went to zero.
Where’s eiencruse or what ever his name is now!
He told everyone to invest in this crap,……sucker born every minute is so true!
I’M sure he made a lot of money out of his pump and dump…and so many fools fell for it. But not you guys,,,,Y’all are too smart fer that…
YOU MORONS,
THE BEST TIME TO BUY IS WHEN THERE IS BLOOD IN THE STREETS. THE BITCOIN CRASH IS A BLESSING. IT HAS BEEN OBVIOUS TO EVERYONE WITH A BRAIN THAT THERE HAS BEEN A BITCOIN BUBBLE. YOU GUYS DONT UNDERSTAND ECONOMICS.
How much did you lose?
Not one cent since I don’t have the money right now to put into BITCOIN.
Are you cost averaging on the falling knife side?
Hey Eisen.
I bet you thought I was taken a snipe at you, But I wasn’t.
My example is in gold and since I had an aloted amount of money this was my plan. Gold was coming off its highs and I picked a point I was going to get in the game. Once in I brought gold, and with the money was left over from that, I purchased silver. I was $100 from the bottom on gold. Wasn’t long before it started to climb again. The coins purchased on the way down were more expensive but what I figured into the equation were the times of emergency where I had to use that money for PM’s elsewhere. And it happened. Soon I was at my limit and gold move to higher value. Even the smaller pieces are out of reach now.
All I can say is if you are not in command of your own finances, you are screwed. If you are not diversified your screwed. If you do not do your own due diligence, your screwed.
There were so many trolls touting the bitcoin craze on message boards all over the internet the past 2-3 weeks.
It gave me the feeling like a collective of thieves were trying to get a ‘set up’ rolling.
And the whole time i was dumbfounded, because it is a system that totally goes against the mentality of the prepared.
Just another example of: if you can’t caress it, you don’t possess it.
Look out for your family with common sense… Learn it, Live it!
Be excellent to each other,
J
“”””THE BEST TIME TO BUY IS WHEN THERE IS BLOOD IN THE STREETS. THE BITCOIN CRASH IS A BLESSING. IT HAS BEEN OBVIOUS TO EVERYONE WITH A BRAIN THAT THERE HAS BEEN A BITCOIN BUBBLE. YOU GUYS DONT UNDERSTAND ECONOMICS.”””
Seems you were telling everyone to buy long before the blood hit the streets, right into the BUBBLE anyone with a brain could see.
Why wouldn’t you wait til the BEST time to buy instead of recommending it at the worst time possible.
I guess that confirms you have no brain and saw no bubble til today, or that you were using it for immoral purposes and fraud. Choose your defense.
Whatever FRNs you may have made from your pump and dump fraud will not cover the damages you will be asked to pay later on at the Pearly Gates. I’ll let the only true Judge decide that, should He choose to deal with you at all and not just send you south.
Reminds me of a story about John D. Rockefeller. He was famous for getting out of the stock market just days before the crash wiped it out in 1929, leaving the bulk of his fortune intact. When asked how he was able to avoid the catastrophe that had caught so many other smart investors off guard, he famously said that when the elevator operator began giving him investment advice, he knew it was time to get out of the market.
It was the shoe shine boy. Not the elevator operator.
So….which one are you?
Bubbles?
Bubbles?
I dance for zee bubbles!
And I love to see zem {{{{POP!!}}}}
Of course, you’re the moron because if you had the money and practiced what you preach, you’d have LOST YOUR FRAKKING SHIRT!
But you’ll ignore that.
With any pump and dump the secret to making money is getting out when you have done well. Then buy back when it is a good buy again provided there is still a demand for the stock.
IzADunce,
You are a lamebrained putz. You don’t even understand how to flush a commode as your turds have bubbled up and filled your cranium with crap…..
George-
How hard is it to get your phys back out of the system… that’s what held me back…
-DR
Getting money into the bitcoin system was no easy task either. Still, when bitcoins go back to $20 or $30, I’ll buy a few to play around with it.
It’s all fun and games until someone looses an eye.
Or life savings.
Hey buddy, can you spare a bitcoin?
can you put a bitcoin in a poor mans hat if you dont have a 1/2 bitcoin then god bless you
I have something similar to a bitcoin. It says something like “Federal Reserve Note” on a greenish paper. They look a little different than bitcoins, but the real value is the same.
The only difference is that people still take the paper and give you goods for some reason.
Bitcoin is a smaller version of the Federal Reserve Scam, and people still fall for it.
I guess it’s like George Carlin said.
Look at how stupid the average guy is, and then realize that half of the people are dumber than that.
Amen ,why do you think that we perpetualy put idiots back in positions of power , stupid is stupid does ,want a glimpse into our future ,watch the movie idiocricy
Bitcoin was ALWAYS a suckers bet.
Like PT Barnum said – “there’s a sucker born every minute”.
Had looked at bit coin,saw something about it on surivival blog,didnt make any sense,buying nothing stayed away my feelings were correct,scam.
And like John Wayne Said: “Lifes tough, it’s especially tough if your stupid”.
I’m OK, I took delivery on mine a few days ago and they are under the bed.
The real issue here is far more important than Bitcoins. This is an indication of a sick, frightened, no confidence market. This would have been inconceivable years ago. Financial manias are not caused by the item in question. They are caused by monetary forces not really related, This whole thing shows people are getting out of the old system. Trust is breaking down. This shows how fast “real” money could go to crap. PAY ATTENTION
Markets have gone bust in the past. Remember Cabbage Patch dolls and Beanie Babies?
They’re coming back. I bought a bunch surplus with my Bitcoins!
One if by land, and two if by sea;
And I on the opposite shore will be,
Ready to ride and spread the alarm
Through every Middlesex, village and farm,
For the country folk to be up and to arm.
Edgar Allen Poe
Para, I ain’t got many, but I do have a handful. Just wondering if anyone has any idea’s on how is the best way to stash these bitcoin’s, so they don’t get stolen. I had thought about calling AL and seeing if I could maybe invest them in Carbon Credits. Trekker Out. Poor But Not Broke!
Make them into a rope necklace. Will be useful later
@ MT:
Move ’em to a local wallet…keep an up-to-date backup of the blockchain if you have the storage space… and then make a hard copy printout of your wallet.dat if you’re really paranoid.
Owl, the only wallet I have is local! I keep it in my back pocket, stuffed full of fiat currency. Trekker Out.
Luck and timing will quite often beat skill and knowledge.
Tell you what. Post your announcement on this forum the day you buy something, and then tell us on the day you sell it, not after the fact. Then maybe we’ll believe what a genius you are.
see comment below on announcing your financial genius
where is Eisen shit ?? he was a big player in the Bitcoin scam ?? correct
Maybe the fool couldn’t get his basement buddies to power up his lap top for free LOL
skittle shitting unicorn
@GG:
I sold some as well…the last time I bought any, the price was well below $10, so I’m definitely not going to bitch about the profit margin. Methinks I’ll be visiting the local Ural dealership this weekend 🙂
That being said, I’m dismayed by the gross level of ignorance on display in many of the posts below. The stupidity practically makes my hair hurt…especially considering that the folks who post here tend to be well ahead of the curve on nearly any other subject when compared to the majority of the population.
I know that I and couple of others have pointed this out in the not too distant past…but once again, for those those who don’t (or won’t) get it:
Bitcoin is not- nor never was ever intended to be- an investment or a store of wealth in the way that PM’s are.
Why is that so friggin’ hard for some people to understand?
If you had the money to gamble and got out soon enough, sweet. Maybe E did as well. Bitcoin is no different than the NYSE casino. Go try to take possession of the part of the company who’s stock you bought.
@ Bob:
Thank you for underscoring my point.
The only way to have a successful bitcoin is to make it so the only way you can buy it is with physical gold.
Or make them of PMe in the first place.
A fool and his money are soon parted..
and it appears there was a ship of fools..
bit coins..really?
They are less tangible that frn’s
in fact not tangible at all..
possee
than frn’s
I wonder if this is a pump and dump by TPTB. Not much money needed to ramp it up before shearing time.
Like Ronaldus Magnus said, ‘trust but verify’.
Proove it or it didn’t happen – at least as far as I’m concerned.
The gestalt effect of the sum told of this site’s participants as an assessment of bitcoin was dead on. Intriguing for sure.
Maybe people stuck with bitcoins will now be proselytes to try to get others to accept them? Gresham’s law maybe.
I am patiently awaiting an Eisenkreuz response.
It’ll be something along the line of “Oh…I didn’t own any bitcoin, I just thought it was a good idea.”
Or….
He’ll insult you for being old and out of step.
It’s the currency of the future. Don’t you know that?
(Is there an emoticon for sarcasm?)
Gee whiz, didn’t someone here make the comparison between what represents real wealth (which multiplies itself after it own kind) and all forms of money which represents wealth and is fiat; including gold, Bit Coin, and tulips? Didn’t that person say that Bit Coin was a fad?
I wonder who that could have been? Walt any ideas? 🙂
Many of us did.
Gold is not fiat.
Keep your paper there DK. One day, I’ll be laughing at you.
I’ve never been a proponent of bitcoin.
I said that bitcoin has non intrinsic value….and it doesn’t. Just like your paper assets.
If you don’t hold it…you don’t own it.
Gold is useful….you can use it to hold all your diamonds together.
Diamonds are the most successful Ponzi scheme ever. They are not rare, but they are useful in industry, like silver.
I once heard that 90% of the diamonds mined are used in industry. The sparkly rock thing is a minor player, and hardly seems like the reason for diamonds being valuable.
Actually, flawless diamonds of any size are pretty rare. The diamonds used industrially are mostly seriously flawed and ground to dust and used to cut and grind other things.
My opinion…Ammo is by far the safe investment.. better than gold. You can trade ammo, sell it or use it. Same as fuel(doesn’t store well) food, or tools. With PM you might be able to buy something with it but you can’t “use” it. With a collapsed economy and SHTF problems,folks will need water, food, fuel, and protection from those who don’t have it. Most will not need gold. Gold will be good later when and if society and civil is restored.
Hey dave b, You hit the nail on the head with that one.
I started upgrading my inventory/stash/investment, about two years ago. I made the comments here about investing in popular ammo calibers, and reloading components. i made a half assed prediction that unregistered guns and plenty of ammo could well be worth their weight in silver. Not hardly, but to a wealthy person loaded down with PMs and no gun or ammo in a SHTF situation, it could be.
I found out two things this week. First, I was at wally world looking for a couple wooden boat paddles, and ran into the sporting goods dept manager. We had a short discussion and come to find out, his sister is married to my first cousin. Jokingly, I asked if he would inform me of the next delivery and stocking of 22 rimfire ammo, since we are relatives. He laughed and said, “I would seriously help you if i could, but here is how it works. The trucks come in and are unloaded during the day/evening. The stocking of ammo off that truck gets put out on the shelf around 8 PM the day it arrives. I’m day shift, and never see it. I do know that people have learned how it works, and are now waiting around for up to two hours every night around 8 pm for the 22 ammo. When they see it come out, they are on the cell phone and people rush the store until it is all gone. Usually within an hour of shelving. The big problem is this; we may get a shipment tomorrow, or two weeks from tomorrow, we have no way of knowing until it arrives and is unpacked.
Now, if a person had been vigilant, and had the funds, and had bought up half a million rounds of 22s @ .03 cents per round; that person could be selling them right now for .06 cents each; easily. If my calculations are correct, that’s 100% markup and a profit after a small fuel expense(deliveries), of 15,000 bucks. Not a bad investment.
The second thing i found out this week, was during a couple (trout)fishing trips to the mountains along the Blue Ridge Parkway. We are about 45 miles from a well stocked lake there in the National Park.
To my amazement, the parking lots around the lake, were packed full of vehicles about 45 minutes before daylight on opening morning. The scene was utter chaos, and you would have thought the trout were filled with silver and gold, the way people were horning in to make a cast. Out of fifteen people fishing near us, there were only four fish caught in four hours. WTF
I got lucky, and talked to an older gentleman that was using a little flat bottom(No gas motors allowed) boat, with his son and grandson. They all three had their 7 fish limit a hour and a half after sunrise and me not having my little boat, he showed me exactly where they were caught.
So we decided to go back a few days later, with our boat, in the middle of the week, when the crowd was gone. The lake wasn’t full of fishermen, since most of the fish were caught out over a period of three days, but there were people everywhere. Yes it was a warm sunny day, but the only signs of spring up there was the greening of the grass. We traveled about eighty miles on the scenic highway, to two favorite spots with streams and hiking trails and people were everywhere. You would have thought it was Fourth of July week, when everyone is on vacation, not early April. There were a lot, I mean a lot, of out of state license plates. People of all ages, but mainly older/retired and younger post college aged people.
The point is, there are a lot of people not working. There are people getting gas money from somewhere. If there is a recession, these people were like us, trying to make the best of it.
LuckyGunner has 22 cal. long rifle. Also .223. Buy online and have it shipped. Big 5 is also a possible source if your timing is good. Hard to believe that we used to think nothing of going through a couple of bricks a day target shooting.
Unless your an alchemist or have one working for you that is an alchemist gold most certainly not fiat.
Tomorrow they can say gold is worth nothing but I’ll bet you will still buy things with it. Tomorrow government can give gold an official value as Argentina has done but like the USSR of old government decrees have little to do with reality. When the USSR folded gold was still recognized by the masses as money. I know someone that lived threw it.
Hey Eisencrap, how’s that working out for ya today?
For your sake I hope your were just full of BS and hot-air and actually had no skin in this farce of a game.
Then again it’d serve you right if you did.
At one point Eisencrap admitted he didn’t hold bitcoins…he just thought it was a great idea…..the currency of the future. And I called him out his hypocrisy.
Hopefully…he followed his own advice and has gotten spanked real hard with this.
It might help him grow up a little….and give a little more respect to those who have been around the block a time or two.
I suspect it was just a bit of “blow-hardedness” on his part.
Eisencrap may well have been a paid poster to promote bitcoin for the banksters agents. The more paid posters you work, the more suckers you can drag into the game before you crash it.
Eisenkraut would’nt do that to us old people. Would you Eisenkraut??? Trekker Out.
There’s a sucker born every minute…
Barlow: Old PT said that when there were 1/5 as many people as now, and if they were to stupid they starved. GOK what the number is now.
Next thing you know, we’ll be hearing that Eisenstein and Joe in nc, developed the whole bitcoin business as a way to bilk boomer preppers out of their pensions. I can hear the little phuckers laughing from their momma’s basement.
Looks like I hit the nail on the head concerning Eisencrap. He just confirmed that he didn’t own any bitcoins……..He was just telling everyone how great they are.
No skin in the game = poser (that’s a loser who thinks he’s great)
Bitcoin fever, gold fever, silver fever, it’s all hype and intended to suck you in for someone else’s profit. It’s like waiting in line during black Friday, screaming and pushing through the doors like a stampede of rabid animals just to buy a stupid item that you don’t even need. This is herd mentality at its worse, go with you gut, do not jump on the crazy train unless you do your own homework and are willing to lose what you have worked hard for because everyone else is.
Food, cash, guns, ammo, life essentials should be the first order of the day.
How can gold and silver be someone else’s profit?
@Bill – the dealers pocket the above spot markup. Also, my purchases were taxed. Both of which suck.
Seems like anything you buy has a mark up. You have ammo, food and the like don’t you. Those have a mark up too. Those were also taxed. I agree with you about the tax but mark up is the way things go. Free market and all. Swinging on a star says he has food, guns and ammo. I’m guessing he paid a mark up and taxes too. I never stood in line to buy my silver and I it’s not hype cause I bought mine when it was 8 bucks an ounce.
You paid taxes on buying PM’S. SHAME ON YOU!!!!! Now I’m going to have to go set in a dark room to drive out the thought.
Shifty
In LA if you buy $1000.00 or more of silver it is considered investment and not taxed. Check your state laws. I highly reccomend a reputible coin/PM dealer who offers this info before the sale. Good dealers will be happy to help educate less experienced buyers.(like I was). Also at this purchase amount the spot was reduced a good bit. Check around for good dealers and successful hunting.
Shifty
Also, the markup over spot does cover shipping, handling, insurance, etc, the dealer does have to pay and they do have to make a profit to stay in business.
@Echo – Thanks for the advice! I will definitely look into that if the opportunity to purchase again arises.
I got a lot of my silver years ago at face value. No markup and no taxes. Just traded them out of the old cash register.
My great-grandmother collected silver dimes back in the fifties and early sixties. She liked dimes because more value would fit in pint jars. She couldn’t get as much in quarters, halves, or dollars into the jars.
So it’s wrong for a man who rents space, pays employees, adversities, pays utilities, buys insurance, trains with his 1911 45 routinely to charge a few dollars over an ounce for their investment? Seriously? I suggest Cuba for ya.
Yes, “Food, cash, guns, ammo, life essentials should be the first order of the day.”
However, once you’ve got your preps & barter goods largely squared away, IF you’ve still got a lot of paper dollars and/or paper investments remaining, THEN it would be prudent to convert and diversify some of that paper wealth into physically held gold & silver.
Got God, Grub, Guns & Gold?
Panic Early, Beat the Rush!
– Shane
shane,
Sure, then it would be prudent to convert and diversify some of that paper, IF YOU HAVE ENOUGH TO REALLY MAKE A DECENT PROFIT OR ON THE OTHER HAND ENOUGH TO LOSE SOME OF IT AND NOT HAVE IT AFFECT YOU.
The next article may tell you how gold is going to go through the roof, well, how many will run to the gold with visions of riches in their minds only to buy one ounce because that is all they can afford. For me that is herd mentality and just plain stupid. If you bought gold or silver years ago and held on to it then yea, you could make a tidy profit now but that isn’t the story if you start buying today. At the very least, it is risky and pretty much an exclusive game for the high rollers.
As for silver, sure buy what you can afford but you better plan on keeping it for a long time unless you have invested millions. It is a game for suckers and they are sucking them in.
For the prepper, getting some gold/silver should be first & foremost about diversification, not getting rich making a big profit, but rather simply preserving the buying power of their hard earned wealth in various forms other than solely and only paper or electrons.
Being prepared means being ready for anything, including a day when your paper dollars and paper investments are inaccessible and/or quickly becoming worthless.
Some may say they’d never take gold/silver in trade for anything they have, that’s fine, but nobody can say that there won’t be some others that will only take gold/silver for what they have that might be desperately needed by some in the future.
Gold/silver might be the only thing that will get your deathly sick child to the head of the long line for a doctor, dentist or pharmacist. Or, to get an official or checkpoint guard to turn his head, or to buy the rare blackmarket tank of propane or gas.
The real sucker game of the masses is solely parking their lifetime of hard earned wealth only in paper dollars, thinking they’ll be just fine. When TSHTF, waving around their last bank or 401k statement will not get them essentials.
– Shane
You’re a glutton for punishment, Shifty.
@ Coach – Indeed!
@ shifty. eisenkraut has changed his name and now works as a health care navigator.
HA! Awesomeness! If this holds true, I am certain he was hired through ACORN.
He gives happy endings in massage parlors. making back his Bitcoin losses. Hope he has a sturdy hand.
It was never real anyway.
It was real enough for the people who used it to buy a Porsche; but then Ponzi schemes always work for those who get out early.
Now….I can agree with you on that DK.
Some people have made money at bitcoin. But how would you like to be the suckers that bought in at $250?
Bitcoin is a classic bubble. Like tulips in the 1630’s….and the dot.com bubble…..and the real estate bubble….and now….the bond bubble that is just waiting to pop.
Bitcoin has such a minuscule number of people participating that it will have zero effect on the economy. But bonds….now that’s going to be interesting.
Bitcoin however, is not a Ponzi. Actually….it’s more closely related to Federal Reserve Notes.
But Social Security…….now THAT is a ponzi scheme. Maybe the biggest one the world has ever seen.
And Cabbage Patch dolls and Beanie Babies.
Gee…..who couldn’t see this coming.
Eisencrap.
OF COURSE I SAW THIS COMING. NOW IS THE TIME TO BUY. IN TIME IT WILL BE RIGHT BACK UP AGAIN HIGHER THAN BEFORE. DO YOU GUYS EVER THINK ABOUT THIS STUFF RATHER THAN GOING ALONG WITH THE HERD?
I’ll call BS on that statement Eisencrap!
How much did you loose? All you allowance?
Eisencrap didn’t lose anything as he didn’t have any skin in the game.
But he WAS telling everyone how great bitcoin is.
Now he’s saying that he knew it was a bubble and NOW is the time to buy.
Gee….I don’t recall him saying that at all. In fact, I never once heard him say that it was a bubble. Just that it was the wave of the future.
What a poser this guy is. He’s the kind that will stand around at a sporting event telling everyone how to the play the game, but has never done it himself.
Eisen–
Johnson & Johnson is a valuable stock to hold because all over the world it makes health related products that serve real needs of real people. By the millions. Nothing imaginary about its worth. Riffing off Warren Buffett, its value is in its utility not what a share of it sells for at the instant.
This ignores for a moment the impending crash of the FRN from whatever. I got out of JNJ and other paper wealth for this reason. Your Bitcoin is no more real than the paper wealth you in your hubris are fond of mocking.
I endorse the multiple posters who say invest in something tangible that you can and will use. ABCD. You, sir, are out to lunch. After doing six months of library and online research I bought Enron at $70 a share. About a year before it crashed. When it crashed to 70 cents per share you would have rushed out to buy more? You ARE a fool.
OF COURSE I WOULD HAVE BOUGHT IT AT 70 CENTS A SHARE. WHAT KIND OF STUPID QUESTION IS THAT?
Crazy stuff.
uh oh
I’m not liking this
M5.5 – 5km S of San Juan Pueblo, Honduras
http://earthquake.usgs.gov/earthquakes/eventpage/usb000g4a2#summary
Word is this was caused by a denial of service attack. Get your facts before posting a story like this.
And this is supposed to inspire confidence in bitcoin as an investment?
Correct me if I am wrong, but I believe one of people’s major concerns was about bitcoin’s vulnerability in regard to the Internet.
Well gee….surprise, surprise.
Did you read the article, and the comparison to the tulip bulb bubble in the 1600’s?
That’s what this is….a highly, highly speculative game.
Who knows?…someone could have intentionally brought this down to give the government an excuse to get involved. Next thing we’ll hear is demagogue droning on about how the bitcoin trade needs to be regulated (and taxed)
The only internet money I have ever used was PayPal with an ebay account. I have bought and sold old items, that were just sitting around collecting dust and got my paypal account loaded up and bought the family some SOG tomahawks for their gear, two water filters, an Anaheim Ducks jersey (GO DUCKS) and misc nick knacks for my sand rail….
But that account is basically selling my old junk to collect new ‘stuff’. But it is for purchasing stuff, not saving or protecting wealth.
Keep your powder dry,
JJsan
So you think a bank or anything else is safer. What a joke!
No I don’t think the bank is safer. In my hands is the safest. But I am wondering how things are gonna work when the govt tries to go to a cashless society??
The entire online banking system is vulnerable to disruption and fraud.
“Word is”?
What’s the word? Is that like “through the grapevine”?
Bleh.
plenty of speculation on the internet
as to the cause of the drop
bubble ??
denial of service attack ??
both ??
http://mashable.com/2013/04/10/bitcoin-nosedive/
@Knotjammin2, Sound a little sour there. I just told my partner in one of my business’s on Monday when he wanted to invest that the security just like in gold certificates is not there. Here is some thing I just picked up:
The Tokyo-based exchange said last week that hackers are engaging in a strategy to manipulate the price of the currency: “Attackers wait until the price of Bitcoins reaches a certain value, sell, destabilize the exchange, wait for everybody to panic-sell their Bitcoins, wait for the price to drop to a certain amount, then stop the attack and start buying as much as they can. Repeat this two or three times like we saw over the past few days and they profit.”
It looks like this may be happening again. Aside from that, any kind of 400 percent increase over 30 days is probably unsustainable from a technical point of view. A correction at this point would be healthy and natural.
BiG
I never bought in to bit coin. I just work in an area that happens to know what happened. Walt Kowalski seems to think that there is a safe haven for by our money , such as a bank. We all know how that turned out in Cyprus and it will happen here. My comment only pertained to the facts and the lack of them in the article. I believe there was money to be made in bitcoin and it’s rise in value only indicates a want or need for an alternative currency. With that said I still would not buy in. As stated before, I just wanted to see all the facts and not a story written by someone with an agenda of an axe to grind. There is an article on Forbes that is equating ammo to gold and silver. I am long on ammo!!
Nope. Never said banks were a safe haven. In fact…I said just the opposite.
I said…”If you don’t hold it, you don’t own it.”
Wow!! 18 thumbs down because you guys can’t take the truth. Fact of the matter is it was a denial of service that caused the crash and even with that a lot of people still made money. I never understood they “head up your ass” mentality because you don’t understand how something works. You 18 need to get off of this page once in a while and do a little research. It might make the author of this article a little more honest.
I think they are thumbing down the concept. If we had gold coins and the exchange was not open, the gold coins would not collapse. That’s the point been made many times on bitcoin: its fiat without and army or even a solid economic-political system backing it. E.g. what’s to stop joe blow programmer from making a bytecoin and jane programmer a bitdollar? Sure, estimated 1/2 of the FRN’s ex-USA are counterfeit and bitcoin itself is more difficult to counterfeit. But, being hard to counterfeit is not the same as being valuable. Clearly, if war ensues then the central bank currency can go to zero. There are many stores in history about “rich” families with a chest full of worthless money because their bank/country/etc lost the battle/war. Of course, if you carry $50M in gold (or was it $6M) around, then somebody will find a way to take it from you (border guards for instance).
Forget Bit Coin!
Buy “Physical” Gold & Silver.
Digital currency can be stolen as easy as paper currency.
“””Digital currency can be stolen as easy as paper currency.”””
No, I assure you it is much easier to zero out a digital account than it would be to come and take my FRNs.
why would someone buy into bitcoins as a hedge against the dollar but not buy silver/gold? I don’t understand that whole bitcoin system, I thought it was like paypal but used for people who wanted to hide transactions?
Right Andrew….and you’ve got people out there who are supposed to be the “experts”, saying silver and gold are in a bubble.
People need to be students of history. Ask the question, “What has held value over the millenia?”….then research to find the answer to that question and then act accordingly.
yeah but anyone doing any research knows that both gold and silver have put in a base (bottomed out by and large) and stand to only rise here in the future.
I dont have lots of spare funds, but I buy maybe only an Oz of silver a month or so (sometimes none if the price is over $30). I think thats a logical way to accumulate, slow/steady plus if there were to be confinstations maybe it wouldn’t be noticed that way?
Confiscation? Silver? What silver? I gave that away as gifts.
Funny thing is I did give away US Silver Dollars for years for nephews birthdays, friends kids being born and the like. Wish I still had them; hope they all kept them.
I think there’s not enough of them to be a replacement currency. Didn’t research it much. Some local currencies do have compeling reasons such as “support your local businesses” or tied to coupons. I don’t know bitcoin has anything besides hype. As shown in the zen post above. Nothing for something. Does meet two aspects of a good currency: easy to use, secure. But not widely acceptable. Now, if anyone wants to invest in a business, I can make you a bitiou. Be the Visa of the bit world!!! And, like derivatives, we can solve the problem of the limited supply of bitcoins. 🙂
http://techcrunch.com/2013/04/10/bitcoin-crash/
wonder how this will all play out ?
Excited to find out my back order of 20 30rnd PMAGS ordered 4 months ago shipped yesterday! Tangible assets right there.
Everyone…..off topic, but got my Big Berkey today….can hardly wait to try it out! Need to figure out how to “prime” the black filters…have any of you done that, and is it simple? I sure hope so! Costly little sucker! take care, CC.
Don’t drink the first two gallons of water you run through it.
Keep preppin’
Howdy CC!!
A Berkey no less, congratulations! The construction of those is immaculate, nickel plated high-grade stainless…both a thing of beauty and eternal for all intents and purposes.
How are you all doing up in the ‘Great White’, how’s the weather there? I am curious as at least the Western part of CA lays along my chosen route-of-march and I’ll be heading that way SOON!! Have a good one Hon, tell hubby we all said ‘hello’ and as always best wishes! 🙂
JOG
PS; Mac still hasn’t gotten back to me with your email addy yet…and I don’t seem to be able to get ahold of Daisy either…soon as I get it I’ll drop you all a line!
All you have to do is stick the filter under the facet and run water through it until you see it coming out the pores on the side. I have had one for 4 months and love the water.. Taste well there is none kind of what you think water should have tasted like anyways.. I hope you enjoy yours as much as I have.
@JOG..Hi there! Sorry I wasn’t able to go on to the blog this A.M., as had to make the trip into the City of Peterborough for hubbys’ checkup. All is much better in that dept, but will continue to see a specialist for a few weeks in order to get further silver nitrate treatments…..a few “minor” problems.
Yes, I am so excited about the Big Berkey….and it does work real well….I am leaving it at my son’s home for now, as he lives on the River, and uses river water for all his needs, (except drinking water)…he called this morning and told me he has NEVER tasted water that good!! If and when I need it, I know where it is.
The weather here this week is terrible…..where the Heck is Spring?? Sounds like you will be o.k. weather wise in your new area…..but never travelled that far Northwest….so not really sure.
I haven’t heard from Daisy for a few days now….probably working very long hours now……but she can give you my email address.
Thanx from hubby for all your good wishes,take care, CC.
type in Big Berkey on Amazon and then read the comments. Berkey filter have gone to hell and are being made in China and many are not filtering water safely at all, be careful if you plan on using this filter in an emergency.
another jay,
You can use the filters from Aquarain in your Berkey. Aquarain products are made in the USA and are rated as a BETTER filter than the Berkey filters.
How to Find Water and How to Make Water Safe to Drink
(About 2/3 of the way down in the article, he discusses the Berkey and AquaRain filters.)
grandpappy dot info/wwater dot htm
(Direct link below)
How to Find Water and How to Make Water Safe to Drink
http://grandpappy.info/wwater.htm
CC..not to be butting in, BUT when you order those extra filters, you might want to get a spigot too; just in case.
Thanx JayJay….good thinking! Guess it would be useless if that one went on the “fritz” , take care, CC
Before I placed my order today I printed off all the how-to pages for reference during SHTF. Do you plan on not needing clean water at a future date? There’s no such thing as having too many filters. They can be cleaned when needed. Buy redundant everything because time will come that you’ll need it. Filter and purify are two different things.
those bricks of 22LR that I bought last year for $18
are now going for $65 or better
sweet…..
Satori,
Exactly. I talked a guy at the sporting goods section who bought a brick of CCI 22LR for $90. That is insane.
JJsan
can you imagine what the price would be
if TSHTF for real ???
A prudent person foresees danger and takes precautions. The simpleton goes blindly on and suffers the consequences.
New Living Translation (©2007)
I got all Grandpa’s ammo, $1.99 on the price tag. I have no idea when he bought it but it still fires. He must have got it 30 years ago.
I have a 5000 rd 22 block in the basement I paid $85 for, and a LOT of 30-06 for 8-10 Cents. Unfortunately, I got old while it went up. On the other hand my stocks haven’t done much in 20 years. Oh well, can’t complain got more than I expected to have.
Satori, what would you say if I told you that four, 550 round bricks of Winchester .22, went for $779.00 on Gunbroker. The bidding kept going and with about two minutes left on the auction, it hit $779.00 before it ended.
When I heard of these I said “I will watch where this goes” I did not invest in this, I feel I made a good decision for once.
I wish Mac would quit showing graphs of my savings account.
..or MY hairline….just sayin’
Oh, wait a sec, I thought that was Presidential approval rating.
Wow, that’s a surprise! “Bit Money” is even less safe than “Paper Money.” Who would have thunk it?
Listen up rubes. Anytime you let some’n else control yore money, it ain’t yore money. And if it ain’t intrinsic’ly worth sumptin’, it ain’t worth sumptin’. Don’t matter what you call it.
I smell a John Corzine manuever. Steal it like you own it! What a bunch of maroons……..
Take a good look at that chart and let that swan dive sink in real good ’cause thats what the Dow will look like shortly. When the glue on that old tire patch gives way, 14,800 some odd points are gonna come blowing out like gas frome some ninety year old’s loose ass. One things for sure he may never hear it or feel it, but alot of others sure will.
PO’d, the stock market will not crash until right before the plug is pulled. It is needed to launder and store the 85 BILLION a month Bernanke is printing.
We still have guns, so that will not be any time soon. It will be used to keep the sheep quiet until it is time for the hammer to drop.
The “elite” fail to realize that the People will pick that hammer back up and put it through their skull and bones.
Nobody learns from history.
GC, I’m not so sure. If the dollar sours I don’t know if 85 billion a month is enough to keep it or anything else going. If your arm gets tired swinging that hammer just hand it to me and I’ll take a few licks with it. We can spell each other and have one hellacious pile of busted bones around us.
No volume in the market so it is being manipulated. When the QE ends so does the party. The wise guys will be long gone before that happens.
@ Po’d – I actually spit my drink out at your AWESOME description “..blowing out like gas from some ninety year old’s loose ass.” Larry the Cable Guy calls that the “walking farts”.
Hope people wake up on precious metal ETFs too
“the fix” is in on everything
The Assault On Gold — Paul Craig Roberts
http://www.paulcraigroberts.org/2013/04/04/the-assault-on-gold-paul-craig-roberts/
free market my ass….
ain’t no such beast
QUICK Eisenkrutz!!! Bitcoins going cheap…
BITCOIN, PEOPLE!
Worth reading….
http://www.thedailybeast.com/articles/2013/04/10/why-bitcoin-is-a-bubble.html
Someone (Rush?) was saying on the radidio yesterday that one feature of a failing society is an increase in the popularity of totally irrational schemes.
Bring on the collapse ASAP please. I’m an old man, haven’t got 20 more years to see how it turns out, and I really, really wanna know whether the sheeple will rise up and apply the Mussolini solution to the banksters and their cronies in DC.
You know what Old Coach I am in the same boat. I sure would hate to die and be in the middle of a good book and never know how it ended.
BigB
Gold, silver, heirloom seeds, hand tools for the garden, old diesl tractor for tilling, buckets of rice, wheat, beans, water purification system, 50 1 lb. propane tanks, 6 20 gal propane tanks, 1 100 lb. propane tank, just filled the 500 gal propane tank, chickens, bees, plenty of canning supplies, ammo, guns—check,check, check, nope no bitcoins–yeah!!!
Say When…
Are we twins???
Lots of great ideas sometimes from y’all. Like the pipe tobacco, found a place where I get it for about 9 bucks a pound. (stuff might be a mixture of tobacco and horse manure, not that I will ever find out.) 🙂
Now to go online and order a machine and tubes. Put back a Lil’ over 20 pounds so far. Just put it back and pray we never have to use it for barter. (sealed in mylar with 02 eater)
Also, someone one time said about using those pools that you blow up and then fill with the water. Got on at the end of last season from Wally World on close out. (Genny won’t have to run so often to have water) 🙂
Y’all keep up the great ideas.
Y’all play nice.
hillbilly SC
I kind of wished I had invested in 30 round magazines and bricks of .22LR.
I could afford an AR by now.
I am saying the same thing brother!
Sorry Eisenkraut, bet there wasn’t alot of stupid old people invested in Bitcoins, as for me I think i’ll stick with fiat greenbacks until they go under. Sure will be looking forward to hear your comments on this Post. Trekker Out. Old But Not HiTech!
@Trekker..damn! You beat me to the “old people” wisecrack!
LOL, Really out loud.
And I was just thinking the same when I read your posts. Too funny. You know that anyone over 55 reading the thread are going to come to the same thought process when they read this far.
BigB
I’m 38. Little kids say I am old, and children never lie, right? So I choose join with all you “old people” with humility and respect.
Someone I knew at work was having a birthday. He said “I don’t look 39, do I?” I answered back, “No, but I remember back when you did.”
Ho-ho-ho,
Good one ‘A’….I REALY didn’t see THAT one comin’!
JOG
@Shifty
You’re not old unless you remember paper maps, and it takes two pair of glasses to read one.
Damn! where did I put those glasses?
Seriously @ 70 here vision is 20/15 both eyes and only need glasses for reading and close up work. has Laser surgery in Both eyes for Christmas!
No more glasses fogging up or getting dirty.
Howdy Shifty,
“I’m 38. Little kids say I am old, and children never lie, right? So I choose join with all you “old people” with humility and respect.”
Everything is a choice is it not? Welcome to the geezer-club Friend! 😉
JOG
The other day I was thinking about investing in bitcoins or putting more fuel in my large storage tank. Being the stupid old guy that I am(just ask my kids)I invested in fuel. Just as bitcoins were crashing we were experiencing a ice/wind storm, so this morning when grid failed and I could not find my bitcoin generator I regressed and dusted off the old fashioned one that runs on fuel.
Trecker I don’t understand. I have been buying old gold coins with teeth marks in them for years, what’s wring with bit Coin? Germs are long gone.
I am really ashamed of us old people for not getting in to the Shitcoin market earlier. Hahahahaha….sucks for those that invested, which I truly have sorrow for. Scurrying and grabbing at straws to get away from Fiat at any means is truly telling. And in this case, co$tly.
How will this affect Berkwick’s new business venture involving vending machines?
Think I’ll take a little heat off of Eisenkraut. When the market finally gets flood with AR15’s and HiCap Mags, and the prices drop by 50% which is going to happen, wonder if those Liberals will be laughing at us.WASP.
@Wasp,
The value may fall on the guns and ammo but the use of them never will. 🙂
BigB
BigB, I was just trying to take a little pressure off of Eisenkraut. As for the Guns and Mags that were bought in a panic, they will always have value. And probably one day not to far down the road, they will be more valuable than there inflated price of today. You can bet these (and I really don’t know what to call them) opressor’s won’t stop until they get what they want, it’s just a matter of time.WASP.
More than 70 million background checks for people buying guns since O’bummer was elected. Turns out to be about 32 guns per minute.
I sense a trend. 🙂
The price may fall, but not the value!
They are all invested in the gun industry. Creating another bubble with all their chest pounding. If they lose the war on guns and the gun industry crashes their tight trailing/stop/limits will protect them.
They create a crisis in one hand and profit with the other.
that will not happen. after the new gun laws, it will get worse.
They win either way….
Price is tangible, value is intangible.
Ask the guy who bought that firearm 2 weeks before he stopped those home invaders.
The smart folks will hang on to the ammo and guns that they bought…even at inflated prices.
One way or another, the price on these things will go back up….either because the government will continue to attack gun owners and create the demand in that way…..or because TSHTF, the markets collapse and both guns and ammo will be in demand for immediate use.
In either case, people who have armed themselves and stocked up on ammo are winners. Because there may come a time when guns and ammo for purchase will not be available at ANY price.
this morning on Lew Rockwell;
http://lewrockwell.com/rosenberg/rosenberg-p14.1.html
anyway, there is some useful info here, get it while you can.
Its back up to 190ish so…
Sucks to be those who sold at 105 only for it to rebound almost 50pct in a couple hours.
What more proof is needed that bitcoin is a purely speculative commodity?
It’s funny…..people will criticize precious metals as being too volatile and speculative…and yet I bet a whole bunch of them have been on this bitcoin wagon.
Some people have a real talent for playing this game. More power to ’em.
I prefer to stay with things that are little more stable and have REAL value.
Real value? Had you bought at a good price and not been greedy but sold with a good profit those dollars you received would be real. Nothing wrong with doing a little speculating every now and then as long as you don’t get addicted to it.
I’m not a fan of bitcoin and while I may own some PMs I am no longer a big fan of them either. All wealth comes from the land…human labor(energy) produces that wealth. Energy is the only true value on this earth. When the supply lines break (and they eventually will) money of any type will not be valuable. There will be little surplus after you labor to feed and shelter your own. That day will soon be here. It also seems ironic to me that whether you use gold or silver or bitcoin, when questioned as to it’s value the answer is always denominated in FRNs as if that has any real value.
Don’t drink the kool-aid JRS. Gold and silver is the real money, FRNs are valued against it, not the other way around. Gold hasn’t risen in value, FRNs have fallen in value against it.
That said, FRNs will probably rise in value when the first farts hit the fan because they’re the reserve currency, and that’ll be the next good opportunity to back the truck up and get gold if you haven’t already. Fiat will eventually find it’s true value. When in history hasn’t it?
A few things to remember here JRS…
1. You are correct that the only true value comes from labor…that produces wealth.
Gold and silver also represent that, as it takes a certain investment of labor…time and materials to get it out of the ground and refine it.
The value of gold and silver is PORTABILITY. You can’t move your land. It’s not liquid. Nor are a lot of the tools you would use to work the land. But you wouldn’t carry tools around to trade with in most cases.
Gold and silver have been UNIVERSALLY recognized for thousands of years as being a store of value. They have INTRINSIC value. Now….that value…perceived or otherwise, may fluctuate. But gold and silver have never been worth nothing. And they are almost always valued highly enough to be considered a medium of exchange. They are easily recognized for what they are and there is a way to ascertain their value based upon weight in relation to size.
All of these characteristics are important for a commodity to be considered MONEY.
Money is essentially a convenient way for people to trade goods and services.
Unlike fiat currencies….gold and silver can’t be spoken into existence…which is what fiat means…”let it be so”. You can’t get more gold or silver by any other means than digging it out of the ground…and even if it is a byproduct of something else…there is still labor and material investment involved to produce it.
And THAT is why it has always had, and always will have value.
I always say that 1/10 ounce of silver is worth one day of labor. For thousands of years that has held true. A Roman soldier got 1/10 ounce per day. Third-world wages are the same. A silver dime bought a loaf of bread in the early sixties. Converted to FRNs, you can still buy a loaf of bread for a silver dime.
There will be a Hot Time, in the OLD town, tonight!
bitcoin is a wonderful within 24 hr completed global wealth transfer tool (vehicle) in small safe money increments , to use it for anything else is a risk not worth taking unless you can afford to take a loss .
i hope it survives and thrives based on this very theory .
it allow the common individual financial freedom from the fascist state oppression .
* i seriously investigated it , even played with becoming a miner and realized its simply not worth the time and expense when compared to the risk .
if your not holding it in your hands its not yours .
V
I don’t think anyone here was hurt by it.
Chin up!!
You’re not the only retard who doesn’t know the difference between “you’re” and “your” on here, Venrectum, but this is pretty obviously you.
;0P pssszzt
public safety message
for POLICE , ZOG MILITARY AND DHS TRAITOR GESTAPO …
* Hint –
If the DHS FEMA MILITARY drills you do, do not include you taking your family with you to a secure underground D.U.M.B. facility TO HIDE WITH YOUR NWO ZOG MASTERS during the great kill off on the surface , then you are on the NWO ZOG list of 90% people to be killed.
RADIATION and BIOLOGICAL weapons will eventually poison All – kill All on Earth , as the Earth is just a Big sealed Gold Fish Bowl in the end !
As we the 90% are poisoned and die so to will you and your children .
DUMMIES . ;0p
V
Does this mean the Coke machine will work or not?
PEOPLE!!! BETTER GET MAD AND GET BUSY. They are going to BS these Senators and us into some kind of Background Checks. Contact your Politicans Today. Constituition and Bill of Rights, no Deals no Compromise, PERIOD! Mountain Trekker Out. Don’t Sit Back And Complain!
Video: Democrat admits Obama agenda is TOTAL gun ban.
Senator: Background checks could (would) allow Holder to create a gun registry.
Drudge Report
Hi KY!
Was there EVER any doubt? Surely NOT.
Well, I say let ’em….then ‘Hell WILL come to breakfast’…and remain thereafter for all such….permanently.
These A-holes will not relent, will not stop…good for ’em!….they WILL be Judged for this all too soon.
Rememebr the “French Revolution”? The sequel is just ABOUT to debut in a “State near YOU”…real soon!
Oh, and as a reminder, 😉
“NOMI, CATIMF”
Also, to ALL such as those, you MIGHT want to REMEMBER,
“The World IS Round….you can only RUN sooo far…295 Million Americans be coming to VISIT you reeaalll soon.” 🙂
JOG
This talk reminds me Resse…
movieclips.com/3VDHo-the-terminator-movie-it-will-not-stop/
JustOneGuy,
I agree! We are NOT surprised at all to have them publicly ADMIT this. It still amazes me that so many other people still haven’t figured out the ‘real agenda’…yet. I believe when the majority of the population realizes it…it is then game over.
It saddens me that my children and grandchildren will have to deal with the upcoming turbulent and difficult times.
I know you will be moving soon. I wish you the very best in your new home! May you and your family thrive and prosper! I and many others will MISS you!
Take care!
KY Mom
Once again the Stupid Party is doing their best to help the Dems and hose the people. Part of the new bill would make it illegal for someone to go away for over seven days and leave their wife or family members in the house their guns are stored in without everyone getting a background check. You can’t make this nonsense up.
The Bitcoin the storty of teh Stock market to come. All stocks will evaporate in a blink, A foundation of sand is doomed to collapse.
DK, that was Eisenkreuz who was promoting bitcoin. He said it was the wave of the future. It would be interesting to see his response to this. braveheart
Gee….where is old Eisencrap, anyway?
Please be kind to my boy. I took his laptop away because he invested our savings in the Bitcoin. He has been skipping his medications in order to sell them to invest in the Bitcoin. Now I will have to work the streets in order to pay the rent and get more prescriptions. He is really depressed now and I had to take his BB gun away…
Haha, I laughed so loud my husband came out to check on me.
YOU GUYS ARE MORONS. THIS CRASH REPRESENTS NOTHING. NOWS THE TIME TO BUY. ITS GOING TO BOUNCE RIGHT BACK AND GO HIGHER.
You may be right on that Eisen. Very few can time the markets or whatever electronic stocks. I do believe you have to know this one inside and out and know that it may be all speculation. We have a saying when we play poker. Bet high and sleep in the streets. It works for me.
How do they taste?
Eisen…Perhaps you are right. But wasn’t 51% of all the current existing bitcoin owned by two miners? They may have sold to take profit and this may have caused the tumble in price as they followed the price down taking profit all the way. Perhaps you know more about this having researched it more than I have. It kinda reminds me of when the Hunt brothers cornered the paper silver market years ago. They were bankrupted by a margin call or they may well have done the same thing as the majority owners of bitcoin. There are no margin calls in bitcoin as there are no banking institutions involved. BTW for those who say you can’t hold bitcoin in your hand, you can convert digital bitcoin into a physical bitcoin with your info embedded on it. I’m still not a fan.
Two weeks ago during the whole greek islands thing they were telling everyone on the blogs and business investment sites….that they should invest into bitcoin.
What a bunch of loser slum sucking thiefs….
Another pump and dump scam….
So sad for those that bit into this…..now they have to chew on it as well…
Stupid Sheeple…
Read the whole article. Mike Adams suggests that the central banks are responsible for this so that they can create enough chaos in the bitcoin market to get it banned or regulated.
http://www.naturalnews.com/039865_bitcoin_crash_prediction_Mike_Adams.html
Barlow and Walt Kowalski, until Eisen has walked a mile in any of our shoes, he has no clue about the real world. Braveheart
Well said.
IVE DONE MORE IN MY SHORT TIME THAT MOST PEOPLE DO IN A LIFETIME.
short thing or short time? please. My kids think they are smart. They are, but… Always proven wrong by dad.
LOL!
Poser.
NWO – A new world without the stock market,and all its related mafia oerations,
NWO – A new world order of fairness and opportunity to all
NWO- A banking system owned by the people like co-operatives which share the money of teh benefits or the profit with local communities, helping clean up drugs,help prostitues, the disabled,regenerate shops and local communites,police fo r the benefit of the commuinity and not some stupid politicians
NWO – Put all bankers,elite and the secret societies all the bloody lot in jail and really gas them with their tools like nerve gas, organge gas, the gas used on Military men in iraq etc.
NWO- Ask police to work for the community,
NWO- Dismantle the army and destroy all arsenal.
NWO – take all the companies on the FTSE,NYSE etc in co-operatives and run them to help the people of that community, stop the accusition of companies outside their own country,
NWO- The bosses of these companies will pay them maximum twice of the lowest paid person not a penny more or an benefits….
(Man it can happen)…Thumbs up for support…
I made good money off the stock market as my father did too. We’re blue collar not fat cats.
The problem is the lack of regulation like Glass-Steagall and a lack of prosecution of financial criminals when they do break the few remaining laws not removed from the books.
What we’re getting is run away fascism at the top with communism at the bottom with the goal I believe to provide the working class just enough to keep them working and no more.
Who would run these nationalized companies?, and who would buy out the current stock holders, investors, and shareholders?. If you gave everyone in America 1 Million dollars tonight the nation would collapse within a week. Noone would go to their job, and our society would hyperinflate past zimbabwe in days. Unless you are at the top of the heap life would suck, and your ode to Lennon’s “Imagine” completely denies human emotions and natural desire for more.
I wish you the best of luck, buuut if you try to enforce your dream utopia you will deliver it as a still birth when you find not everyone shares your egalitarian view, and you try to share out someoneeslses property.
Vladimir, is that you?
Your AMMO investment is looking better every day. Just wish I had bought another 10k of 22lr. Oh well live and learn
Keep the FAITH
Watchman
Denver Airport Whistleblower: ‘Underground Tunnels, Structures and Buried Runways Exist’
Print Friendly
According to a former construction worker who allegedly took part in the construction of an underground section on the Denver International Airport (DIA) in the 1990′s named, Stu Webb, a massive 2.5-3 mile long tunnel system exists in and around the DIA complex. http://intellihub.com/2013/04/10/denver-airport-whistleblower-underground-tunnels-structures-and-buried-runways-exist-at-dia/
I think one of the most secured sense, COMMON SENSE, is when you can hold a can of food, one of many. That can of food represents life and less suffering WHEN the collapse occurs. This phantom crap is for idiots that are just sure that nothing is going to happen. The type of idiot that will sit and admire their numbers on their computer screen about how much their phantom stock is worth. The same idiot that will assume that his or her plastic card will always purchase exactly what they need. The same idiot that will end up on their hand and knees wailing away WHEN some osrt of collapse occurs for a bit of food to the prepper/survivalist that understood what REAL assets are.
Be informed
The wailing and gnashing of teeth will be beyond the
imagination when it hits the fan and people realize their whole life was wasted building sand castles on
the shore.
There will be a hi-number collateral damage when the
reckoning comes to pass. Probably the best sleep folks
can get here on SHTF is knowing that we did all that we
could possibly do or say to help those receptive to our
extended hand. We will continue to pray for the others.
Well, I guess I should not have told everyone a few days ago not to worry about the bee die off. I just went out to my hive, saw no bees, opened the top and every one of them are gone. Good thing is all the honey is there. Now I can take all of the honey out of the entire hive. Maybe 60 pounds worth plus all the wax. Looks like I will be harvesting that this weekend. Won’t have to suit up.
Oh well I was retiring that hive anyway and moving them to a new giant super. Will have to order new bees so I have them next week and start all over. 19 years with the orginal hive is some kind of record anyway.
BigB
WOULD SOMEONE PLEASE MAKE CHANGE FOR MY BITECOIN!!!
My dad always told me to “invest in what you know”. I did not ‘know’ Bitcoin so I did not invest in it. Thanks, dad!
On another note, I’m nowhere near the tinfoil hat wearing conspiracy kind of guy. On a 1-10 conspiracy scale, I’m probably a ‘3’. But I find it interesting that Bitcoin takes a nosedive a few weeks after the Cyprus crisis. I’d read that quite a bit of money in Cyprus, Greece, and Italy was pouring into Bitcoin… and then it dumps. Interesting, eh?
Mal
And people thought I was crazy for investing in ammo…hahahha
I can hold it, maybe even shoot it at some food..or just roll around in it
Howdy VRF!
I have mentioned this before,
“Gloating is a dish best served while Giggling” 😉
JOG
Amen Bro
How about a currency based on sex credits.
1 credit per bj.
If you get enough you get a 3some.
ha
predictions for war,war and more war
Top Economic Advisers Forecast War and Unrest
http://www.blacklistednews.com/Top_Economic_Advisers_Forecast_War_and_Unrest/25257/0/38/38/Y/M.html
question is
who will be stupid enough to sign up as cannon fodder this time ?
oh wait
just wrap “it” in a flag and there will be no shortage
of bullet sponges
Hermann Goering’s Quote
On War And The People
3-20-2
“Naturally the common people don’t want war: Neither in Russia, nor in England, nor for that matter in Germany. That is understood. But, after all, IT IS THE LEADERS of the country who determine the policy and it is always a simple matter to drag the people along, whether it is a democracy, or a fascist dictatorship, or a parliament, or a communist dictatorship. Voice or no voice, the people can always be brought to the bidding of the leaders. That is easy. All you have to do is TELL THEM THEY ARE BEING ATTACKED, and denounce the peacemakers for lack of patriotism and exposing the country to danger. IT WORKS THE SAME IN ANY COUNTRY.”
–Goering at the Nuremberg Trials
Satori:
20 thumbs up. Speaking only of the history that has happened in my lifetime, every war we’ve been in has been mongered on the “We’ve Been Attacked” lie.
Even the alleged best and brightest, the Ivy League pukes then in power, didn’t understand Vietnam had fought for centuries to free themselves from foreign occupation. Then current Sec of Def Mc Namara, no dummy, admitted nobody in the US leadership understood VN history. And conceded VN gunboats hadn’t fired on those destroyers. But hundreds of thousands of people died for the lies.
You know absolutely nothing about Middle East history except what your DI told you. But you’re busting a nut to go get some? The people allegedly fit to be murdered have changed over the years. The lies haven’t.
Draftees had limited choices: prison, Canada or Vietnam. The elite used monetary policy, credit contraction, to manage the labor market. When Joe Doe can’t find a job killing peasants sounds better than nothing. Especially when the media constantly blares the “We’ve been attacked” lie.
Armies have always preferred the young for two reasons: combat demands physical strength. And the young know little of their own history and none of anyone else’s. They make good cannon fodder.
Sources (books, can’t be read in 5 minutes)
Michael Scheuer, Imperial Hubris, why the West is losing the war on terror;
_______________ , Through our enemies eyes; Scheuer was on the CIA’s get bin Laden detail.
Bernard Lewis, The Crisis of Islam, examines historical roots of the resentments that dominate the Islamic world today;
Robert S. McNamara, In Retrospect the tragedy and lessons of Vietnam.
Stating this blindly, knowing absolutely nothing about this…
FRN’s seemed like a better bet in this casino we call life…
HAHAHAHAHA!!!! 😉
Knowing nothing about this…and not reading any comments…
FRN’s seemed like a better bet in this casino we call life…
HAHAHAHAHA!!!!!!!!! 😉
and the high drama continues
BitCoin Drama Continues After Hours
http://www.zerohedge.com/news/2013-04-10/bitcoin-drama-continues-after-hours
Beinformed
what are your thoughts on that 5.5 they just had
in the Honduras ??
Howdy Satori,
Hmmm, I caught that as well…if you ‘zoom’ down to an ‘up-close’ view of the region youl’ll note that a blind fault terminus lays on the East side of Honduras whilst another (non-terminating, the fault line dividing the mass of central America from the associated Pacific plate), transwverse to it lies just a few hundred miles to it’s west…with the hypocenter of the quake BETWEEN the two…
For SOME reason I have an ‘icky’ feeling about this…
it’s NOT where we usually see such occuring…
Have a good one Friend…
JOG
I never really cared much for BitCoin so I stayed away.
But I wouldn’t rule out the possibility that it was gamed by forces that want to see it fail.
Witness also the continued war on gold today, ramped up by Goldman Sachs issuing a short recommendation and the news that Cyprus is going to sell gold reserves as a condition for a bailout.
So here we have gold and silver being trashed as worthless safe haven investments while central banks print money at even faster rates, with no end in sight.
This gaming of gold is so obvious and it stinks to high heaven, but when the pirates at Goldman Sachs recommend something to the public, I would do the exact opposite.
They’re most likely taking the opposite position of that which they recommend, playing the herd for suckers.
After all, they’re “doing God’s work”.
Anybody want to buy a few shares of my nutmeg futures?
Hey everyone!! I just found out about a BRAND NEW internet thingy!!! It’s called BYTEDOLLAR!! It’s gonna make everyone like super-duper rich! Gather your cash! Don’t miss out on this one!!
//sarcasm off//
There is a lot of misunderstanding about Bitcoin on here.
It is digital, but, you CAN HOLD it in your hand… that, is what has made it so popular…
It is a cryptocurrency, only able to be spent one time per owner -> another owner. It is held on your own computer or a flash drive (if you’re smart), thus, you ‘hold’ it.
The gentleman who predicted the crash was right, but, he also said that when it crashes back down, he would be buyer at the bottom. It is just any any other ‘thing’ that has limited availability, like any other commodity, it is both a commodity and a currency, unable to be tracked or controlled by any central party. That’s part of what makes it desirable.
Trade is facilitated by this mechanism, there is no way you and I could ‘barter’ for something without much pain, if you were on the west coast and I was on the east coast. Our transaction would have to be tracked by a central authority… unless we went through the trouble of using a shipping company to mail ‘currency’ and ‘product’, while, TRUSTING each other to complete the transaction as agreed. Then, w/Credit cards(as happens on paypal and ebay), the buyer simply objects, gets a refund AND the product…
That, cannot happen w/Bitcoin, as all transactions become final within the network over the course of an hour or so. BTC is an ideal currency…those who say otherwise, do not know what they’re talking about. We bitch about FRN’s and money, and think gold and silver are our savior but have not considered the ramifications of non local trade.
Would you rather have a ‘currency’ that works between people, that you can hold, or, have a centrally controller credit system, with the credits held in a chip in your hand? That’s what’s coming, that’s what the CB’s want, money at no cost with full control and no black markets. A world where no man can buy or sell without The Mark. Consider your options… carefully. I, for one, do not think the Internet will go away… why? Because that’s the only way The Mark CAN work.
As a statement of transparency, I own .00000316 BTC (Bitcoins)
It cost me nothing… since I ‘mine’. (Which is just like gold mining… you most a lot of dirt(crunch numbers) and hope for a nugget to show up in your sluice box…)
This ‘crash’ in Bitcoin is indeterminate at this time… CB’s driving up the cost? Hackers attacking the network? Who knows, doesn’t matter… if the prices drops I’ll obtain more, at no cost. But, I’ll also hang on to my gold, silver, ammo, food, and other preps, I like diversification, I call it contingency planning.
PS:
To those holding gold and silver…
When gold ‘crashed’ back down from $1900+… did you sell or hold?
Do you think gold will re-assault its previous high?
(Especially once the paper market is seen as a sham or FRN’s ‘crash’… then, we will all find out the historical meaning of ‘value’…)
Held on.
Will surpass $2000
If all you have is $50,000 by all means buy supplies, tools and the like.
If you have $800,000 you can’t buy a warehouse full of food and guard it.
Will gold re-assault it’s previous high? I hope not. If gold remains more or less where it is things have some stability. If gold goes to $10,000 or more no one “wins” everyone looses because the TSHHTF big time.
I believe your hope is misplaced, but correct…
If gold shoots to the moon, it is simply leading the inflationary curve… everything else of ‘value’ will follow… with our enemies actively working against the dollar system, it is only a matter of time before the dollar is killed as the reserve currency. China is well on their way to implementing this, look up BRICS Development bank, and you will see the replacement system for world trade based in gold trade settlement. The inflation that results from this act, will wake up all the DGI’s, and Obama will get what he wants, a destroyed America.
The only way to beat the inflation curve and especially the near instantaneous hyperinflation onset, is to hold some gold/silver and ammo/food/preps. The best way to beat it, is to have SKILLS with producing capability. Become a producer of goods and you’ll never starve.
Hmmm… looks like Bitcoin is on a tear after hours… mostly looking like a DDOS attack, back up to $200, then back down, back up, back down, now at about $125… all in one day.
This is why I got out of the stock market and just bought gold, my nerves couldn’t handle it. Bitcoin, is simply another hobby.
Gold is not easily tradeable so mostly useless. Silver coins would be far more useful. Even then how is the value going to be determined? If the coin has a face value of a dollar that is what the low info people will offer for it. Better be armed when trading in either gold or silver if things fall apart.
Central Banks and governments have been buying gold. Ya think they just might know something?
I bought bitcoins a week and a half ago for $91 each. At the moment I am typing this, they are selling at $183 each. That looks like a 100% gain in a week and a half.
I still have my bitcoins in my wallet on my pc, just waiting for me to spend them or sell them.
I have gold, silver, guns, ammo and food for a year. I put a some cash into bitcoins, and I am having a blast watching the whole drama.
Sounds like a lot of people here have sour grapes that they didn’t get theirs.
Did you sell half? Anything doubles you sell half and take a ride for free….
Let’s kinda go easy on Eisenkraut. There’s something about him that kinda grows on you. You know like a Wart! Trekker Out.
Thanks pappy. My grandpa got shot several times in WW2 and got half his leg blown off. I fight on so he didnt do it for nothing. God bless America.
Please stop saying Trekker Out. You’ve stopped typing. We know you’re done.
IF HE DIDNT SAY TREKKER OUT IT WOULDNT BE HIS STYLE
‘KREUZ OUT
You’re really desperate for people to take pity on your sorry ass,you’ll suck anything that agrees with you at this point.
Thanks KREUZ. Guess He don’t have enough to complain about, or maybe it’s just his or her, time of the month. Trekker Out.
or a bad hair day. Just hope he learns before his eye brows grow together.
I thought you was talking growth, kind of like a hemorrhoid….you know, an Eisenrhoid.
apparently the little fat man in North Korea
needs to take some lessons in propaganda
from Herr Goebbels
http://www.bloomberg.com/news/2013-04-10/north-korea-s-retro-propaganda-calls-u-s-boiled-pumpkin.html?cmpid=yhoo
well if we’re a “boiled pumpkin”
your a rotten tomato
so there you fat little bastard !!!
No thanks…I’ll just keep stacking the pre ’65 silver coins and Silver Eagles in my vault.
Very interesting. The stock market just made new high’s as well. I wonder if the bottom is going to fall out in a simular fashion to “bitcoin”. Keep getting while the getting is still good. I am only into hard assets “guns and butter”
Hey, Eisen, can I borrow some bitcoins?
IF I WERE THE FED AND BITCOIN WAS A PROBLEM. I WOULD PRINT SOME MONEY BUY UP ALL THE BITCOIN FOR SALE,THEN DUMP THEM FORCING PEOPLE TO LOOSE INTREST IN IT. THAT IS EXACTLY WHAT HAPPENED. ANYTHING THAT IS BACKED BY DOLLARS AND CAN BE BE BOUGHT BY DOLLARS ARE EASILY MANIPULATED BY THE MONEY PRINTERS. BITCOIN IS VALUED IN DOLLARS THEREFORE YOU UNDERSTAND HOW EASY IT IS TO KILL. IF A=B=C=D THEN D=A. EVEN IF BITCOIN IS BACKED BY GOLD BUT GOLD IS VALUED IN DOLLARS AND WE ALL KNOW THAT THE DOLLARS ARE RIGGED……….WELL YOU GET THE IDEA……….COME UP WITH SOMETHING ELSE.
Looks like a bunch of hooey with North Korea. Filled up the car for nothing. Kim Joke Un is the laughing stock of the planet right about now. You see, we all try, but there is just no predicting the real deal or dud about all of this. Reminds me of the old jole about the young bull and the old bull peering over the hill at the herd of cows they were going to service. Some of you all know the rest.
Gonetoolong, I don’t know that the North Korea situation has played itself out. He is un predictable and a wild card. The reason I believe this is because he has shut up the last few days. Maybe he ran out of threats or maybe he is done talking and it is time for action. Hard to tell but my gut says stay alert, stay alive.
And the topper is that if I was one of his generals and he had run me and my troops around like he has with limited resources I think I would be pissed off enough to lose faith. If that happens then I think the military will take him out.
BigB
No you didn’t–if you use 5 gallons, replace 5 gallons.
Guess whatttttttttt??? If you do that EVERY time you travel, will ALWAYS have a full tank!!!
Why don’t people get that??
Oh, that was for gonetoolong.
I don’t like the function here.
Never know which post is being commented to.
At least people buying bitcoin tried to shut down the banksters. That’s more than many of us on this site did.
Look. Bit coin is freedom from tyranny and you all are freaking out.relax… Don’t put all your eggs in one basket obviously. If you want liberty, embrace but pin before its too late. Weather the volatility. It’ll either come back or you will die from Monsanto seed cancer sheep.
LOLOL!!!!! Ha, ha, ha, ha, ha, ha…. LOLOL!!! Sorry folks, I couldn’t help it. LOLOL!!!!!
Buy low. Right. As one of the morons as labeled by Eisenwhatever, whose grossly ignorant bigotry really has no place among thinking people, I rather suspect Mr. E has been on the receiving end of a rather bad spanking. His all caps response certainly reflects one angry, shaken fellow, one who must blather his epithets on all to feel right with the world. Sadly, ego prevents most from ever acknowledging their errant judgement.
Alternative currencies are always intriguing, and bitcoin was novel. But like any medium of exchange, it is subject to the degree of confidence placed In it, no more, no less. Given the capricious whims of human sentiment, the concept always seemed a bit shakey.
People who are quick to follow the fad, the “initiators” so to speak, almost always get burned. Just think of the guy who pays top dollar for new technology, only to discover that in a few months, the innovative item is common place and sells for 20 percent or less of what the initiator originally paid. Guess that’s the price of impatience. Hey, slow and steady win the race, and I have been buying PMs since silver wad $10/oz and gold was trading at $850/oz. Amd I am still buying, recognizing that these PMs have held value for more than 5000 years of human history.
Likewise, have been stocking up on food, tools, ammo et al for many years – all tangible and useful assets, just like most of you here. Have spent my life building a business, working hard nd steady, and by all measures , it is successful, a 30 year “overnight” success. It had been a long, slow grind for many years, but it steadily grew. Meanwhile I have seen the fast money guys win and lose fortunes, and most, after going broke, spend most of their miserable lives chasing that one, elusive, big hit. Guess I’m just another old pontificating geezer, but again, some people never quite learn the meaning of gravity
Proper method would have been to buy BITCOIN in the beginning, sell during the sell-off, and buy it at the bottom. That is econ 101.
You are an idiot. You mention nothing about why the value crashed and what they are doing to prevent it further. Do some real reporting and do your research. The dip was orchestrated by an attack on the infrastructure. It was done intentionally. The system is still relatively new. They are still working out the kinks. It will get better. Considering the market manipulation going on in the real world that hasn’t been fixed…it seems the Bitcoin market will be better off over time as improvements are made. Why am I posting in this tone? Because while you’re doing your job and reporting what happened, you’re not asking the why hence not doing your damn job. Nuff said. Either become a real “reporter” or get out of the business. We have enough idiots in the media as it is.
Bitcoinage is a crock of Ponzi soup.
Get in touch with your represenatives NOW about the gun control bill.
http://www.nraila.com
That’s what important, the rest of this is smoke and mirrors to divert our attention.
Regarding the NWO???
The New World Order is actually the One World Order (aka One World Gov’t.)
Watching some of the so-called History, you noticed that politicians started using the worlds “New World Order” since the WWII. And no one even noticed their real agenda.
🙁 BITCOIN is a new ( digital ) currency and is another Ponzi scheme to steal people’s assets.
Just like the dot com stocks, even gold bubbled in 1980 to lure into buying stocks, and then the Wallstreet cabal came in and took it all at the rock bottom price.
Without any warning, the crash has become a reality. 🙁 Read more:
http://www.thedailysheeple.com/gold-bank-run-begins-dutch-bank-abn-amro-halts-physical-gold-delivery_032013
oops, it should say the words “ NWO ”, I was thinking of One world order.
Manipulate the currency can cause Depression or Hyperinflation (due to increasing the money supply).
In either way, it can transfer the people’s wealth into the hands of the plutocrats. 🙁
Right now it is 2:00 in the afternoon April 11 over in North Korea. They are on the other side of the international date line. That is the one year anniversary I believe of Porky becoming the new dictator. Fat boy should be doing something by now, testing a rocket or some other act to heat things up. Other date is April 15 for Porky’s grandfather birthday, which would be April 14 for most of us. Something to watch.
Also something to watch is the increase of earthquakes all over the planet. As mentioned on before it’s news, April 11 is a big day for earthquakes. There should be a huge earthquake from Mexico to Chile by April 14, 90%. If not then it approaches near 100% by April 29. The moderate earthquakes are gaining strength as the planet readies itself, like a lion roaring awake, before it hits. The planet right now is in the moaning stage.
It is in the air, something is ready to go. The bad moon is on the rise, as today was the new moon. Each month, Israel can strike Iran during +5 or – 5 days of the new moon. So until tax day, that remains a possibility. Who knows, we may wake up tomorrow and a black swan might have laid a big fat blue (out of the blue) spoted egg.
It can’t vaporize unless Corzine’s involved.
So something that doesn’t have and intrinsic value and physically does not exist, just Vaporized.
Bitcoin is useful if you want to buy something using it. I.e. you exchange $ to bitcoin. You send the bit coin. You get your goods. The guy who sells the goods gets the bitcoin and converts to $. The exchange rate does not matter in this case – as long as you do everything at the same time.
Holding bit coin an investment is not a good idea and not what it is designed for.
Folks I’m terrified of the beast that is out there in the night. I have absolute no qualms about saying this, other than being SCARED SH-TLESS; CW2 is coming to your State soon. Be prepared for it.
There are just too many signs out there pointing to it. All MSM are lying through their teeth about what is happening, but what is so terrible is the vast majority of people believe that nothing is wrong, period.
Patriots arise and stand firm in all your beliefs.
Keep the FAITH
Watchman
Wow, thin air disappearing. Imaginge that.
You see folks I am simple man. Not simple minded, not stupid just very basic. I really never got my head around the whole bitcoin thing, sure I got the baic concept but knew it was not something I had in my house to hold such as the things mentioned like PMs, food, skills, etc. Those things I get fully. Anything I do not understand fully I stay away from. Personally I think this whole thing was a set up by the system to show people you just can not compete with the existing system although it is crashing right before our eyes. My rule is if I dont fully grasp it like in my hands I just stay away like ETFs, stocks, etc. Sorry for those who lost so much and although my PMs have taken it on the chin lately I still have them and apparently the demand for them is more than what our broken system says they are worth. Keep stacking, keep prepping, and keep praying. Trust in God not some scheme. God bless ya’ll have a great day.
http://www.theblaze.com/stories/2013/04/10/the-dollar-is-on-the-brink-what-role-does-gold-play-in-the-new-world-economy/
I TOLD YOU GOLD AND SILVER WERE REAL MONEY…. SOMETHING RON PAUL WOULD SAY.
Bit Coin is digital currency, just like fiat paper currency.
Get out of paper & digital. Dump It!
Buy “PHYSICAL” Gold & Silver!
The Central Banks are telling you to sell Gold & Silver, that the price is going down. But what are they doing? They are buying it all up as fast as they can. What do they know that you don’t?
Get out of all paper assets, and buy “Physical” Gold & Silver! Be your own Central Bank.
85% of Cops Don’t Believe Gun Control Works, 86% Want More Civilians Armed
Patriot Action dot net
(Direct link below)
Direct link…
85% of Cops Don’t Believe Gun Control Works, 86% Want More Civilians Armed
http://patriotaction.net/forum/topic/show?id=2600775%3ATopic%3A6176060&xgs=1&xg_source=msg_share_topic
Cops are civilians too. That’s why they’re called “peace officers”.
you will probably not hear or see anything about this on MSM..
Gun Owner Saves Cop’s Life by Shooting Deranged Gunman!
It’s not every day that you hear the police give a civilian a warm “thank you” for entering a lethal shootout, but that’s exactly what happened in Early, Texas on Sunday. But before we get into the heroic civilian shooter
link to follow
http://www.guns.com/2012/08/01/texas-gun-owner-shoot-out/
Marine with CCW Stops Man from Beating Woman
Blackmore said in his Wisconsin accent, “I mean I’ve already made it up in mind that if he came at me I was going to have to take him down and I told him that. I warned him multiple times not to come towards me because he was a big guy and I wasn’t playing around and he didn’t seem like he was playing around.”
LTF
http://www.guns.com/2013/03/13/marine-with-ccw-stops-man-from-beating-woman/
I fear nothing will stop this. It is over. http://investmentwatchblog.com/i-fear-nothing-will-stop-this-it-is-over/
AMERIKA IS NO LONGER FREE !!!
as i prepare for revolution i find myself very saddened by the fact i will soon be shedding the blood of my fellow country men in the name of “freedom” from tyranny , political , financial and intellectual oppression .
THE TREE OF LIBERTY MUST BE WATERED AT TIMES WITH THE BLOOD OF TRAITORS AND TYRANTS ALIKE !!!
V
Your fellow countrymen? Who is it you’re gonna be shootin’?
If you feel they need shootin’, why would you call them countrymen?
The only people worth shootin’ are stalinist commies and there are many of them.
M6.5. CME this morning.
Storm due 13th.
Check out Solarham!!
Howdy tCM,
Good work! On track, on time Dear! The particulars are posted below 😉
JOG
THE TREE OF LIBERTY MUST BE WATERED AT TIMES WITH THE BLOOD OF TRAITORS AND TYRANTS ALIKE !!!
V
SO NOW IT’S TIME FOR ME TO SLIT MY OWN THROAT AND WATER THAT TREE!
“The lady doth protest too much, methinks.”
I am keenly interested in Bitcoin just because the MSM, financial experts, and armchair economists are kicking up such a freak-out storm over this asset class.
Bitcoin crashes? So what! What asset class doesn’t have peaks and valleys?
Bitcoin is a disruptive technology. It’s got everyone shooting arrows at it. This is exactly why you should pay attention to crypto-currencies.
Reposted…originally attempted at 07:02 CST,
An M class solar flare was emitted beginning at approximately 06:55 UTC this morning,. The attendent NOAA alert follows;
********************************************
Space Weather Message Code: SUMXM5
Serial Number: 101
Issue Time: 2013 Apr 11 0735 UTC
SUMMARY: X-ray Event exceeded M5
Begin Time: 2013 Apr 11 0655 UTC
Maximum Time: 2013 Apr 11 0716 UTC
End Time: 2013 Apr 11 0729 UTC
X-ray Class: M6.5
Optical Class: 2b
Location: N09E15
NOAA Scale: R2 – Moderate
Potential Impacts: Area of impact centered primarily on sub-solar point on the sunlit side of Earth.
Radio – Limited blackout of HF (high frequency) radio communication for tens of minutes.
****************************************************
It IS the case that this event was qualifiably a flare of the “”LDE” (Long Duration Event” type and this coupled to the emitting region – NOAA 11719 – being relatively near to the center of the visible disk imply’s that the attendent CME ejected will likely be geo-effective .
As always, the specifics of any such solar emission are only evaluatable directly via the computational resources available to such as NASA/NOAA and are posted at any of several sites (including SolarHam) as the ‘WSA-Enlil’ solar wind simulation, updared regularly.
Typically, from the time that an emission is recorded it will be between 4-8 hours until such time as sufficient data can be gathered and analyzed such that a basis for the simulation is valid. Once it is I will post the anticipated results here for your perusal.
This emissiion is characteristically more like the emissions seen in the latter part of 2011 and the early portion of 2012 than anything we have seen in several months. Specifically, simultaneous with the observation of the genitive flare a correspomnging immmediate increase of nearly two decades was observed on the proton flux monitoring instrumentation used for such. At the time of this posting that is being seen to be rising still.
Further updares as warranted…
JOG
MSM coverage of bitcoins have drastically increased the sentiment that they are something potentially dangerous. Sure, if one had gotten in at the right time and gotten out at the top, they could have made a profit. As with so many other things, there is certainly an investment angle regarding Bitcoins. What people seem to overlook is Bitcoin’s TRUE value, the reason it came into existence in the first place; anonymity. Tracking financial exchanges through bitcoin is next to impossible. Pretty much the only thing that can be traced to an individual using bitcoins is that an item shipped to (insert address here) was paid for in bitcoins. The bitcoin account, ie your other financial transactions, can’t be readily associated with individual purchases. To translate it into our fractional system; rather than you having an individual account at a bank, keeping records of transactions, you would have a “right” to a certain amount of money in the safe. Just like the atm now. The bank can tell, records-wise, that you withdrew $3200 but they can’t tell where you spent it. Bitcoins are digital cash. Threatening to those who like to keep close tabs on their workers. For those who care to look past the hype: while these bitcoin prices have been sky-rocketing, prices of goods within bitcoin markets have correlated. That is to say, they are the same price, you just pay much less bitcoin for them. For a community who claims gold standards are the way to go, bitcoin should be your digital pal.
How stupid could people be??? Physical possession of an asset is all you can count on. Gold, Silver, Bullets, Beans, Bandaids and oh yeah, even Toilet paper may be worth more then a digital currency and even cash.
I mean just think about it; if your computer, smart phone or internet doesn’t work you can’t trade. Do you really think post collapse we will have normal commerce?? Do you really think Amazon will deliver via FedEx or UPS??
The only commerce will be what is near you physically, a farm, a ranch! Producers will make money and trade possible again. The Attorney’s, Accountant’s, Government workers, Insurance industry, Regulators or anyone else that deals in intangibles won’t be worth squat!
But hey don’t worry about in now because we will keep printing money for quite a while. The central banks of the world are coordinating the the monetary policy, (printing) just look at the BOJ moves last week.
Here is the central banks game folks. You print, I buy your bonds, I print, you buy my bonds. Its happening digitally and globally. So here is a prediction: DJIA hits 16,000 in the next 12 months. The Nikkei hits 16,000, the HSI hits 25,000 and the European markets all climb by 9 to 11% during the same period.
I heard Ben Stein say we are nowhere close to the amount of money we can print without inflation kicking in. And you know what, with global coordination he’s right and they can control inflation too. The real question is for how long??
My guess is it continues till they get the guns!!! Then comes the purge. That would be everyone who is a burden to the system and those who will not comply.
Here is what is so ironic; the purge will include all us Patriots and 99% of the people that voted for this administration!!!
Go ahead tell me what you think!!
When the Nas reaches the all time high of 5000+/- and the S&P at 2500 +/- whatever the Dow has reached (17,000 plus) they will begin to dump.
http://www.businessweek.com/articles/2013-04-11/introducing-ripple-a-bitcoin-copycat
YOU SEE, I TOLD YOU SO
THE GENIE IS OUT OF THE BOTTLE
and the story of the government mass purchase of ammo
continues to develop
Associated Press deliberately lies about government ammo purchases
http://www.prisonplanet.com/associated-press-deliberately-lies-about-government-ammo-purchases.html
Highway patrol gave feds Missouri weapon permits data
heads up Missouri pistol packers..and gun owners, this is all about starting the “list”
if you have ever been diagnosed with depression or other medical reasons they dont like, they will start taking away your guns, this is how it starts
Read the article really good..every word
LTF
Article link?
http://www.columbiatribune.com/news/highway-patrol-gave-feds-missouri-weapon-permits-data/article_266b644e-a235-11e2-a8e7-0019bb30f31a.html
in the article
“Apparently from what I understand, they wanted to match up anyone who had a mental diagnosis or disability with also having a concealed carry license,”
good post VRF
we’ve had NUMEROUS warnings from history
They Thought They Were Free
http://www.press.uchicago.edu/Misc/Chicago/511928.html
just a little taste
“”Your friend the baker was right,” said my colleague. “The dictatorship, and the whole process of its coming into being, was above all diverting”
“”To live in this process is absolutely not to be able to notice it—please try to believe me—unless one has a much greater degree of political awareness, acuity, than most of us had ever had occasion to develop. Each step was so small, so inconsequential, so well explained or, on occasion, ‘regretted,’ that, unless one were detached from the whole process from the beginning, unless one understood what the whole thing was in principle, what all these ‘little measures’ that no ‘patriotic German’ could resent must some day lead to, one no more saw it developing from day to day than a farmer in his field sees the corn growing. One day it is over his head.”
each step was “so small” and so “well explained”
unfortunately MOST people don’t wake up
until they are being loaded onto the trains
and heading for the camps
EXCELLENT column by Charles Hugh Smith
The Eroding Premium On Truth And Trust
http://www.zerohedge.com/news/2013-04-11/guest-post-eroding-premium-truth-and-trust
when people lose faith in “the system”
GAME OVER
“Vaporized” is a relative term. if you got in at $10, you’re fine. This is foreseeable, will happen again, and should be expected. The real question is – can government kill it? They will certainly try. Can’t have competition, don’t ya see… Now it’s just a fly in the ointment, but as it grows it will have far reaching effects.
Ultimately, the market will decide. People want freedom and anonymity in their financial dealings. Government fully understands this and will do everything in their power to prevent it. On the other hand, government may be behind it. It has no real value other than perceived (similar to fiat), carries with it a complete history of everywhere it’s been (think NSA wet dream), and can be centrally controlled (think turned off). Perhaps it’s just fly paper sitting there waiting for you to touch it…
Sign the petition on whitehouse.gov to end government interference in the free market and bitcoin:
https: //petitions.whitehouse.gov/petition/cease-all-actions-overt-or-covert-intended-interfere-free-market-enterprises-bitcoin-and-mt-gox/P0X41V1X
How about them Federal Reserve Notes (FRN), what are they worth? The fed says they have no value, they are not backed by any substance and are not redeemable in gold or silver. Folks are going to be having the same type of conversation when the FRN goes to zero, except they won’t be laughing. Holding FRNs is a kin to holding bitcoins. Convert to stuff.
Scenario:
The economy has crash along with the dollar. There are riots in the streets, people are
panicking and the grocery stores are empty.
You need food. You have Bitcoins, Federal Reserve Notes, Gold and Silver. Which of these
is going to put food on the table?
My guess is Gold and Silver!
Federal Reserve Notes have purchasing power (not Value) because the U.S. Government says
they do. Bitcoin has purchasing power (not Value) because some unknown Geek or Geeks says
they do. Gold and Silver have both purchasing power and Value because History tells us so!
Bitcoin is a flim flam and don’t feel sorry for anyone who is dumb enough to buy.
jan 15$
feb 20S
march 40$
today 96$
keep calm and bitcoins :p
11.000.000 bitcoins, Only 70000 in sale to less than 180$