Generation OS13: The new culture of resistance
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z
Saturday, June 4, 2011
An Emerging Free Market Currency
This is extremely interesting. Gold is not the only solution for a currency. It was just the best before the digital age. What we need is a fixed amount of digital money and it has to be encrypted, de-centralized, and easily-audit-able.
Bigcoin.org. I will be looking for into this stuff and will post up at some later date about them. Food for thought.
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An Emerging Free Market Currency
http://silverbearcafe.com/private/06.11/bitcoin.html
"I'd feel a little stupid buying these things," a dear friend of your editor's recently remarked. "But that's probably not, in and of itself, a bad thing. After all, I felt pretty stupid buying gold back when it was still $250 per ounce."
Our friend was referring to a peer-to-peer (P2P) cybercrypto currency called bitcoin. What is bitcoin? How is it used? What are the risks? Let's begin where all good non-Tarantino stories begin...at the beginning.
The demand for a totally free market currency arose, naturally, out of the dismal state of the current monetary environment, in which governments around the world systematically debase the value of their printed monies in order to pay for the various welfare-warfare states they promised but can't possibly afford. The resulting inflation is sometimes referred to as a "sneaky tax," one that silently, insidiously infiltrates the marketplace, with each freshly-inked dollar compromising the value and integrity of each and every currency unit already in circulation.
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z
Bigcoin.org. I will be looking for into this stuff and will post up at some later date about them. Food for thought.
====
An Emerging Free Market Currency
http://silverbearcafe.com/private/06.11/bitcoin.html
"I'd feel a little stupid buying these things," a dear friend of your editor's recently remarked. "But that's probably not, in and of itself, a bad thing. After all, I felt pretty stupid buying gold back when it was still $250 per ounce."
Our friend was referring to a peer-to-peer (P2P) cybercrypto currency called bitcoin. What is bitcoin? How is it used? What are the risks? Let's begin where all good non-Tarantino stories begin...at the beginning.
The demand for a totally free market currency arose, naturally, out of the dismal state of the current monetary environment, in which governments around the world systematically debase the value of their printed monies in order to pay for the various welfare-warfare states they promised but can't possibly afford. The resulting inflation is sometimes referred to as a "sneaky tax," one that silently, insidiously infiltrates the marketplace, with each freshly-inked dollar compromising the value and integrity of each and every currency unit already in circulation.
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z
US house price fall 'beats Great Depression slide'
Uh oh. Note how it says in the great D it took 19 years for price recovery. We're not even at the bottom and it's worse than the great D. Therefore it is probably a reasonable guess, that bar super inflation housing prices will NEVER recover their peak price.
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US house price fall 'beats Great Depression slide'
http://www.independent.co.uk/news/business/news/us-house-price-fall-beats-great-depression-slide-2291491.html
The ailing US housing market passed a grim milestone in the first quarter of this year, posting a further deterioration that means the fall in house prices is now greater than that suffered during the Great Depression.
The brief recovery in prices in 2009, spurred by government aid to first-time buyers, has now been entirely snuffed out, and the average American home now costs 33 per cent less than it did at the peak of the housing bubble in 2007. The peak-to-trough fall in house prices in the 1930s Depression was 31 per cent – and prices took 19 years to recover after that downturn.
The latest Case-Shiller house price index was just one of a slew of disappointing economic data from the US yesterday, which suggested ebbing confidence in the recovery of the world's largest economy. The Chicago PMI manufacturing index showed a sharp slowdown in the pace of expansion in May, missing Wall Street forecasts and sending the index to its lowest since November 2009.
And in the latest Conference Board consumer confidence survey more people expressed uncertainty over their future economic prospects. The confidence index fell unexpectedly to 60.8 from a revised 66.0, when economists had expected it to rise to 67.0. Falling house prices and negative equity combined with high petrol and food prices and a still-weak jobs market to raise consumers' fears for the future.
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z
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US house price fall 'beats Great Depression slide'
http://www.independent.co.uk/news/business/news/us-house-price-fall-beats-great-depression-slide-2291491.html
The ailing US housing market passed a grim milestone in the first quarter of this year, posting a further deterioration that means the fall in house prices is now greater than that suffered during the Great Depression.
The brief recovery in prices in 2009, spurred by government aid to first-time buyers, has now been entirely snuffed out, and the average American home now costs 33 per cent less than it did at the peak of the housing bubble in 2007. The peak-to-trough fall in house prices in the 1930s Depression was 31 per cent – and prices took 19 years to recover after that downturn.
The latest Case-Shiller house price index was just one of a slew of disappointing economic data from the US yesterday, which suggested ebbing confidence in the recovery of the world's largest economy. The Chicago PMI manufacturing index showed a sharp slowdown in the pace of expansion in May, missing Wall Street forecasts and sending the index to its lowest since November 2009.
And in the latest Conference Board consumer confidence survey more people expressed uncertainty over their future economic prospects. The confidence index fell unexpectedly to 60.8 from a revised 66.0, when economists had expected it to rise to 67.0. Falling house prices and negative equity combined with high petrol and food prices and a still-weak jobs market to raise consumers' fears for the future.
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z
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