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Started By
Message
Just had a dream
Posted on 4/11/21 at 1:38 am
Posted on 4/11/21 at 1:38 am
Private companies borrowing money from public tax payers and then they just write off the debt without having to pay it back.
It become a revolving door of loans without bankruptcy. Thats kind of what we have with ppp loans. If its forgivable who cares.
America is like being the bank in monopoly. Except, we continue to give out money to our friends to buy up all the property.
It become a revolving door of loans without bankruptcy. Thats kind of what we have with ppp loans. If its forgivable who cares.
America is like being the bank in monopoly. Except, we continue to give out money to our friends to buy up all the property.
Posted on 4/11/21 at 1:43 am to Mud_Till_May
They don’t have to pay it back?
Posted on 4/11/21 at 1:49 am to Mud_Till_May
Ummm.... yep.
And that's why all fiat currency is going down in flames and you need to be buying bitcoin as fast as you can possibly do it.
And that's why all fiat currency is going down in flames and you need to be buying bitcoin as fast as you can possibly do it.
Posted on 4/11/21 at 5:21 am to xxTIMMYxx
PPP is a fully forgivable program if funds are used accordingly. If not, it’s a low interest loan.
EIDL is a loan.
EIDL is a loan.
Posted on 4/11/21 at 8:10 am to Spasweezy
You can now tie the EIDL into a PPP and get it forgiven if the funds are utilized in the manner required...
Posted on 4/11/21 at 8:12 am to Captain Rumbeard
quote:
And that's why all fiat currency is going down in flames
Good
Posted on 4/11/21 at 8:35 am to Captain Rumbeard
quote:
And that's why all fiat currency is going down in flames and you need to be buying bitcoin as fast as you can possibly do it.
You really think that when the economic system crashes and delivery of basic goods and services goes with it...that the internet and purchases via crypto will still be available? The power can go down for 3 days in an isolated area, and minus WalMart, it's a jungle scenario. Think of an across the board meltdown.
And this is assuming that a 'government' would not jump in the Crypto and 'regulate' that. Check it out; India is already jumping in on Crypto. Geez.
Posted on 4/11/21 at 8:39 am to Mud_Till_May
You and I dream different.
Posted on 4/11/21 at 9:31 am to Mud_Till_May
MTM is national debt MLK
Posted on 4/11/21 at 6:14 pm to The Maj
Isn’t that if revenue declined by 25%?
Posted on 4/11/21 at 6:17 pm to Mud_Till_May
quote:
Private companies borrowing money from public tax payers and then they just write off the debt without having to pay it back.
I wish it was a dream but the last Covid19 faux stimulus had millions if not billions of dollars slated to bailout out private union pensions.....insanity.
Posted on 4/11/21 at 6:37 pm to Captain Rumbeard
I'm all for bitcoin and people using and investing in the technology. I'm just now sure how you think a 32 digit code (whatever it is) on a computer is worth jack shite when the dollar is no longer a reserve currency and the country goes into a depression.
Posted on 4/11/21 at 6:54 pm to Tigers0891
Buy some Bitcoin but load up on Ada and Vet coin - can still get in early before they skyrocket
Fiat is dead
Fiat is dead
Posted on 4/11/21 at 7:02 pm to xxTIMMYxx
And it kinda evolves into the socialism
Posted on 4/20/21 at 12:48 am to RCDfan1950
quote:
You really think that when the economic system crashes and delivery of basic goods and services goes with it...that the internet and purchases via crypto will still be available? The power can go down for 3 days in an isolated area, and minus WalMart, it's a jungle scenario. Think of an across the board meltdown.
And this is assuming that a 'government' would not jump in the Crypto and 'regulate' that. Check it out; India is already jumping in on Crypto. Geez.
I see you don't know much about the subject.
The only way to get rid of crypto is to shut down the whole internet worldwide. How much value do you think any 'money' has in that scenario? China tried to kill it four years ago and got deeply embarrassed. South Korea has tried it and couldn't do it and the only effect is their citizens pay more for it than anyone else. India has tried numerous times to kill it and has yet to so much as dent it. Turkey just declared they're gonna take a run at it and the result will be the same. It's here to stay, just like the internet. If you're staying out of it because you think one day there won't be an internet, well, good luck with that. I recommend bullets as a store of value. I also am deep in those.
The SEC head just admitted they can't do anything about it to shut it down and would be stupid to try it. The only way they can effect it is to overtax it, which would simply lead to people using things like Monero to get around them and NOPE they can't do shite about that either.
You will realize this soon enough. The question is, will it be soon enough for you to make the kind of money you can in a dip like what's happening as I type this?
Posted on 4/20/21 at 1:05 am to Tigers0891
quote:
I'm all for bitcoin and people using and investing in the technology. I'm just now sure how you think a 32 digit code (whatever it is) on a computer is worth jack shite when the dollar is no longer a reserve currency and the country goes into a depression.
Excellent question. It gets to the heart of the matter. There have been many reserve currencies over the years. They never last because they are uncapped and centralized. Bitcoin is neither of those things. Remember though Bitcoin is just one of the cryptos and the case usages for the others are myriad. Blockchain is the base for Web 3.0. Think about it like this.
Web 1 is .com
Web 2 is Mobile
Web 3 is Decentralized via blockchain. And that's being built via funding from crypto.
That means EVERTHING is changing. Fast. Google, Facebook, Twitter, Microsoft, Apple, etc... anything where there's a central control over the program... that's either going to adapt to this and thus lose most of their power, or they're extinct as new open source distributed products replace them.
So back to crypto currency. Think about it as 'other money'. In the case of Bitcoin it's a finite resource. There will only ever be 21 million bitcoins. It took gold thousands of years to become money and now gold is worth over $10 trillion dollars. Or however many of the zillions of other currencies out there. And right now, Bitcoin in ten years has become worth over a trillion dollars itself. Over a tenth of the value of all the gold supply.
It took crypto ten years to get over a trillion dollars in market cap. It took it three months to hit twice that. Part of the reason for that is because the dollar is being inflated via nonstop quantitative easing. They're making it worthless as fast as they possibly can. This 'infrastructure bill' is simply an attempt to get as much material value out of those dollars they can get while it's still worth anything. Buy some roads and bridges and shite before your money isn't worth anything.
It's all intentional and it's too late to do anything about it. So if you are clinging to $'s at this point, you can't be helped. You can transfer your wealth into gold, which is not going to grow at a tenth the value of crypto but it's going to hold it's own vs the dollar, or you can go into Bitcoin and the better alt coins and actually ride that to wealth.
Up to you. It's happening either way. And yes, it's gonna crash and then launch again a few times between now and then. Too many whales hold huge positions. But as they cash out, a lot of smart people are buying the resultant dips and dispersing the risk. As that happens, the dips get less violent. Eventually that means it's almost stable. There's SUPPOSEDLY only like 7 million people that have over a hundred dollars worth of bitcoin right now. That's going to be billions.
So what does stable look like for bitcoin? Probably the baseline is around where gold is today. Which means ten times what it is right now. Or over a half million per bitcoin. And that doesn't even take into account all the people who are going to jump in once the inflation of fiat gets severe enough to make them realize their mistake. So probably twice that.
Not financial advice. I'm just a retard. Do your own research.
Me? This is not a normal situation. It's a race to accumulate. The faster you get as much as you can get the better off you're going to be long term. Buy it. Don't look at the price for years.
This post was edited on 4/20/21 at 1:23 am
Posted on 4/20/21 at 1:06 am to The Maj
quote:
You can now tie the EIDL into a PPP and get it forgiven if the funds are utilized in the manner required...
But only if you haven’t benefited from PPP already?
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