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Just had a dream

Posted on 4/11/21 at 1:38 am
Posted by Mud_Till_May
Member since Aug 2014
9685 posts
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.
Posted by xxTIMMYxx
Member since Aug 2019
17562 posts
Posted on 4/11/21 at 1:43 am to
They don’t have to pay it back?
Posted by Captain Rumbeard
Member since Jan 2014
4126 posts
Posted on 4/11/21 at 1:49 am to
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.
Posted by Spasweezy
Unfortunately, Louisiana
Member since Jan 2014
6617 posts
Posted on 4/11/21 at 5:21 am to
PPP is a fully forgivable program if funds are used accordingly. If not, it’s a low interest loan.

EIDL is a loan.
Posted by The Maj
Member since Sep 2016
27158 posts
Posted on 4/11/21 at 8:10 am to
You can now tie the EIDL into a PPP and get it forgiven if the funds are utilized in the manner required...
Posted by Dennis Celery
Member since Apr 2021
708 posts
Posted on 4/11/21 at 8:12 am to
quote:

And that's why all fiat currency is going down in flames


Good
Posted by RCDfan1950
United States
Member since Feb 2007
34946 posts
Posted on 4/11/21 at 8:35 am to
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 by AURaptor
South
Member since Aug 2018
11958 posts
Posted on 4/11/21 at 8:39 am to

You and I dream different.
Posted by SamGinn Cam
Okinawa
Member since Jul 2013
2807 posts
Posted on 4/11/21 at 9:31 am to
MTM is national debt MLK
Posted by Spasweezy
Unfortunately, Louisiana
Member since Jan 2014
6617 posts
Posted on 4/11/21 at 6:14 pm to
Isn’t that if revenue declined by 25%?
Posted by Bass Tiger
Member since Oct 2014
46150 posts
Posted on 4/11/21 at 6:17 pm to
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 by Tigers0891
Baton Rouge
Member since Aug 2017
6576 posts
Posted on 4/11/21 at 6:37 pm to
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 by NashvilleTider
Your Mom
Member since Jan 2007
11377 posts
Posted on 4/11/21 at 6:54 pm to
Buy some Bitcoin but load up on Ada and Vet coin - can still get in early before they skyrocket

Fiat is dead
Posted by 6R12
Louisiana
Member since Feb 2005
8660 posts
Posted on 4/11/21 at 7:02 pm to
And it kinda evolves into the socialism
Posted by Captain Rumbeard
Member since Jan 2014
4126 posts
Posted on 4/20/21 at 12:48 am to
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 by Captain Rumbeard
Member since Jan 2014
4126 posts
Posted on 4/20/21 at 1:05 am to
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 by David_DJS
Member since Aug 2005
17916 posts
Posted on 4/20/21 at 1:06 am to
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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