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Fixed exchange rate between PED and USD

The term is self assured economic destruction. The concept in which fiat currencies are proped up by following the decision to come off the gold standard.
 
Serica said:
/mod note/
Other bitcoin threads have been essentially about adding them as a deposit/withdrawal option.
This thread is (I think) about the fixed exchange rate between the USD and PED.
So, no, it wouldn't be right to merge them.
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Indeed. Not only were those threads arguing Bitcoin as a deposit option but a Bitcoin deposit via a payment processor as accepted by Dell, Paypal, Newegg, Overstock or other companies is basically a USD or Euro deposit since Mindark would receive either Euro, USD or SEK based on their choice. The payment processor takes the buyer's Bitcoin and instantly sells it on exchanges, sending fiat currency to companies accepting it.

trance said:
Bound it at CHF. CHF always crow up and we have to buy euros so the chf stay at 1.2 compared to euro.
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Interesting idea, especially if the people were to vote yes in the upcoming gold referendum.
 
Oleg said:
To be fair, it's true that capitalism has proved itself a failure and that the world needs to look at alternative economic models.
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Capitalism itself is not a failure, the political system we have now is what is the failure. We merely have a shell of capitalism existing today. The ability to pay off a politician to get an edge is not capitalism. The existence of Central Banks manipulating economies and currencies is not capitalism. Central banks propping up "privatized" banks is not capitalism. I can go on and on about what is not capitalism.

The worst part of capitalism is that it can promote greed, and unfortunately that is a quality of human nature and has existed since life itself and isn't going anywhere.
 
Greznik said:
So you are saying the USD dollar is safe because it relies on other countries not wanting it to fail? That is not a sound practice. There is nothing safe about fiat currencies, it's a mere experiment that is easily manipulated
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No I was only stating that it would be a "disaster" for some countries if the dollar fails.

Greznik said:
Capitalism itself is not a failure, the political system we have now is what is the failure. We merely have a shell of capitalism existing today. The ability to pay off a politician to get an edge is not capitalism. The existence of Central Banks manipulating economies and currencies is not capitalism. Central banks propping up "privatized" banks is not capitalism. I can go on and on about what is not capitalism.

The worst part of capitalism is that it can promote greed, and unfortunately that is a quality of human nature and has existed since life itself and isn't going anywhere.
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Greed is such an ugly word. Why is it unfortunate? Was it not "greed" that made early man come down from the trees (in other word, evolutionary necessity=I need to come down or die)?

ps. IF I were an idealist I´d be a randist :)
 
Ok, I have two questions-

A) I was around in 2006, why didn't anyone send me the plan for profiting from the apocalypse?

B) Glenn Beck, is that you?
 
In the described ELE scenario the only viable currency would be canned food and matches. Precious metals and other non-edibles would be worth nothing, and bitcoins (and Entropia, for that matter) would vanish with Internet.
 
To be fair.. I listened after my own research and got out before the housing bubble. Saved myself about 20k. There is a massive bubble with the stock market and supposedly the feds stopped doing something last week but I don't recall what. I could give you my predictions following the election with how the markets will go .. as it has already happened once... but you will have to do your own research.

Lot of stuff happened in 2007 and 2008 that wasn't just the housing bubble bursting and we are here again.. but not with housing completely yet. It's worse... money.
 
Svarog said:
In the described ELE scenario the only viable currency would be canned food and matches. Precious metals and other non-edibles would be worth nothing, and bitcoins (and Entropia, for that matter) would vanish with Internet.
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Even in complete ELE scenario gold will keep value as next day after armageddon there will be plenty "rich" with matches and tincans ppl who wouldnt carry lets say tonnes of them around. Ofc not only gold meets that reguirements, but it's not definitively paper.

Gold is only currency which lasted through all crysises and tech booms in the past and is still valuable. I can;t think of any fiat currency which lasted longer than 100 years. Now it's dollar, it used to be british colonial pound before..i bet there will be something new in future which remain global bussines curency for some time as USD is now.
 
Peds are the new world order currency. Depo and be rich!
 
shoti said:
Thats something new. I'd rather say capitalism is only model which proved itself working fine.
Capitalism I assume for example USA from begining till 1972 ( Nixon removes gold paritet - Bretton Woods) .What we have now is not capitalism by any means ( Smith, Hayek and later Schiff and others from Austria's school of economy )..well maybe for few hardheaded Keynes fans.
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Depends what you mean by "Capitalism", pure right wing Capitalism as USA have, or more socialist-capitalism common in Europe. In my opinion the "socialist-capitalism model" is a better solution in the long rung, but it needs discipline.
 
Tournament Spon said:
If Mindark is intelligent they will shift immediately to a gold/silver/bitcoin backed economy to preserve the stored value of the universe
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goldmember-copy.jpg
 
billairboy said:
Depends what you mean by "Capitalism", pure right wing Capitalism as USA have, or more socialist-capitalism common in Europe. In my opinion the "socialist-capitalism model" is a better solution in the long rung, but it needs discipline.
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Even US is quite far from pure capitalism unfortunately.

"The problem with socialism is that you eventually run out of other people's money.” The only reason it works is because it still has a capitalist host it can prey on in Europe.
 
Mikass said:
Even US is quite far from pure capitalism unfortunately.

"The problem with socialism is that you eventually run out of other people's money.” The only reason it works is because it still has a capitalist host it can prey on in Europe.
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"Run out of other peoples money"? The system has work well for a long time in Sweden, it's called taxes. But don't mention that do the republicans, they can die of a heart attack.
 
Has any1 thought about a pure technocracy? Granted China is labelled communist and have a lot of shit behind their ears, but they had bureaucrats for at least 3-4 thousands years, ruling the country most of the time and they usually get things done. 500-600m very poor people people during the great march, down to 100-200m now. Before you saying anything compare that to India the world´s largest democracy.

ps. for Tibet proponents, Tibet was a highly oppressive society during the reign of the lamas. Just some food for thought.
 
Tournament Spon said:
Russia and China world actions and a shift in the petro dollar away from US currency combined with the coming cumulative effects of the 2011 Japanese tsunami and the resulting Nuclear fallout accumulating on the US west coast ecosystem's will lead to the destruction of the buying power of the dollar. Not to mention 144 trillion in derivative debt (msm touts ~25 trillion, false). Combined with the shift of Strontium-90 (30 year half-life) from Chernobyl into ytrium-90 (64 hours of high radioactivity, this substance concentrates in bones in place of calcium) and the resulting 2016 wave of cancer which will result in Europe and for those who have consumed the affected exports, things do not look good for EU either.
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Firstly, you don't know what you're talking about. The small amount of material released from Fukushima was just that - small. Additionally, when that is diluted amongst the world's biggest ocean, it becomes negligible.

The current evidence of the Fukushima fallout in albacore tuna is that they have elevated levels of 134Cs and 137Cs (the two Caesium isotopes released), yet this delivers between 3.7 to 4.0 nSv, which is 0.2% of the radiation level of the background occuring 210Po radiation in the fish.

4.0 nSv is also around 1/20th of what you would ingest from a banana (40K, naturally occuring radioactive Potassium). Careful guys, the world's gonna collapse because there's radioactive bananas!! :banana:

Secondly, just because 90S decays to 90Yt with a t1/2 of 28.8 years, doesn't mean half of it instantly decays after 28.8 years and causes cancer you fucking dildo. Cancer rates [from exposure] would be highest shortly after the disaster, falling away as time progresses.

This is science.
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Some pretty fuckin' wrong science. If your relative economical knowledge is just as bad, I'll do they exact damn opposite of what you say.
 
shoti said:
Even in complete ELE scenario gold will keep value as next day after armageddon there will be plenty "rich" with matches and tincans ppl who wouldnt carry lets say tonnes of them around. Ofc not only gold meets that reguirements, but it's not definitively paper.

Gold is only currency which lasted through all crysises and tech booms in the past and is still valuable. I can;t think of any fiat currency which lasted longer than 100 years. Now it's dollar, it used to be british colonial pound before..i bet there will be something new in future which remain global bussines curency for some time as USD is now.
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If there is Armageddon gold is a paperweight.
 
Xen said:
If there is Armageddon gold is a paperweight.
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Very true indeed! I´d stock up on alcohol and if I´d have the possibility in a still.
 
Aio said:
Firstly, you don't know what you're talking about. The small amount of material released from Fukushima was just that - small. Additionally, when that is diluted amongst the world's biggest ocean, it becomes negligible.

The current evidence of the Fukushima fallout in albacore tuna is that they have elevated levels of 134Cs and 137Cs (the two Caesium isotopes released), yet this delivers between 3.7 to 4.0 nSv, which is 0.2% of the radiation level of the background occuring 210Po radiation in the fish.

4.0 nSv is also around 1/20th of what you would ingest from a banana (40K, naturally occuring radioactive Potassium). Careful guys, the world's gonna collapse because there's radioactive bananas!! :banana:

Secondly, just because 90S decays to 90Yt with a t1/2 of 28.8 years, doesn't mean half of it instantly decays after 28.8 years and causes cancer you fucking dildo. Cancer rates [from exposure] would be highest shortly after the disaster, falling away as time progresses.



Some pretty fuckin' wrong science. If your relative economical knowledge is just as bad, I'll do they exact damn opposite of what you say.
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This!!

Xen said:
If there is Armageddon gold is a paperweight.
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This!!

Sissi said:
Very true indeed! I´d stock up on alcohol and if I´d have the possibility in a still.
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And a fuck load of this!!!:yup:
 
If the economy crash gold wont safe you, guns will. So i suggest to invest heavy in some realiable gear to fend off all looters and pillagers when that time come :lolup:
 
Fiona Simmons said:
If the economy crash gold wont safe you, guns will. So i suggest to invest heavy in some realiable gear to fend off all looters and pillagers when that time come :lolup:
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World wide PVP lootable! And no 5 ped injection needed! ;)
 
Aio said:
Firstly, you don't know what you're talking about. ...

Some pretty feckin' wrong science. If your relative economical knowledge is just as bad, I'll do they exact damn opposite of what you say.
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you saved me a bunch of typing (though pls retone it so it doesnt get modded out). i love conspiracy nuts because they manage to demonstrate an otherwise unimaginable capacity to hold many incorrect and outright wrong pieces of "knowledge" while professing it to be secret or untold truths. they give us insight into the capacity of the human mind, because you'd expect someone "researching" these subjects to somehow stube upon actual real knowledge, or at least apply basic critical reasoning and logic to realise the information is wrong. its triumph of the creative and imaginary over the rational and inate desire to learn.

and the other nutters come out like moths to a lightbulb. this one is a particular piques my interest as its a favourite of mine:
Harvest said:
They have tried to keep alternative energy sources in the dark for a long time via the patient office but they can't do this any longer.
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apart from the fact is a "patent" office, it shows an completely mis-guided mis-understanding of the function of a patent office, which is to publish an invention to show you are first and protect it as your invention. further, if there were alternative energy sources, those companies that depend on energy would be very interested in discovering and using that energy. its an little understood point that there is more economic interest in finding cheaper alternative energy than there is in perpetuating existing energy. and to labour the point, there are plenty of places in the world beyond the control those supposedly controlling energy, that can and would exploit alterntive energy. i.e. when will Russia or China roll out an alternative energy rather than sticking with the same established technologies?
 
aridash said:
apart from the fact is a "patent" office, it shows an completely mis-guided mis-understanding of the function of a patent office, which is to publish an invention to show you are first and protect it as your invention. further, if there were alternative energy sources, those companies that depend on energy would be very interested in discovering and using that energy. its an little understood point that there is more economic interest in finding cheaper alternative energy than there is in perpetuating existing energy. and to labour the point, there are plenty of places in the world beyond the control those supposedly controlling energy, that can and would exploit alterntive energy. i.e. when will Russia or China roll out an alternative energy rather than sticking with the same established technologies?
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You must be one of those "the government helps us" folk. I'm pretty sure if we could see all the technology that the U.S. government has purposefully suppressed, through the use of the patent office, many would understand that they are not looking for ways to use tech to further/help the people of the world but control.
OPEC had a deal with the US, all oil from them must be bought in USD regardless of country. This deal inflated the buying power of the dollar. As this deal disintegrates and the world moves from the dollar and oil to run farms for food, the dollar will deflate. So as a super investor such as a bank or a billionaire, you might want to pull your investments and put them else where, which will cause mass deflation of the USD. Or...while the USD still has strength, instead of buying off/out another country that you would have to build up, you might lobby as hard as you could to take down everything in your way to complete dominance.
You better double your tin-foil hat for this one. The U.S is going to make sure Iran gets a nuclear weapon. Why? We really really want them to use it. Once that happens everyone will be lined up at the world bank to take a loan to ensure their countries safety. The world banking cartel will give it them because it's a safe bet to bet on both black and red and 'DING'DING'DING' we have a winner. And I hope to God that I'm 100% wrong.
 
Harvest said:
You must be one of those "the government helps us" folk. I'm pretty sure if we could see all the technology that the U.S. government has purposefully suppressed, through the use of the patent office, many would understand that they are not looking for ways to use tech to further/help the people of the world but control.
OPEC had a deal with the US, all oil from them must be bought in USD regardless of country. This deal inflated the buying power of the dollar. As this deal disintegrates and the world moves from the dollar and oil to run farms for food, the dollar will deflate. So as a super investor such as a bank or a billionaire, you might want to pull your investments and put them else where, which will cause mass deflation of the USD. Or...while the USD still has strength, instead of buying off/out another country that you would have to build up, you might lobby as hard as you could to take down everything in your way to complete dominance.
You better double your tin-foil hat for this one. The U.S is going to make sure Iran gets a nuclear weapon. Why? We really really want them to use it. Once that happens everyone will be lined up at the world bank to take a loan to ensure their countries safety. The world banking cartel will give it them because it's a safe bet to bet on both black and red and 'DING'DING'DING' we have a winner. And I hope to God that I'm 100% wrong.
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MORE MORE MORE I WANT MORE TRUTH!!!!!! Anything on chemtrails? DARPA/HAARP? Anything will do, my hunger is immense for such knowledge.
 
Ok! Enough doom and gloom, currencies have collapsed before and life goes on. See Germany 100 years ago, money in wheelbarrows etc.



WAKE UP! :)



(Glad I dont know any of these people)
 
Harvest said:
You must be one of those "the government helps us" folk. I'm pretty sure if we could see all the technology that the U.S. government has purposefully suppressed, through the use of the patent office, many would understand that they are not looking for ways to use tech to further/help the people of the world but control.
OPEC had a deal with the US, all oil from them must be bought in USD regardless of country. This deal inflated the buying power of the dollar. As this deal disintegrates and the world moves from the dollar and oil to run farms for food, the dollar will deflate. So as a super investor such as a bank or a billionaire, you might want to pull your investments and put them else where, which will cause mass deflation of the USD. Or...while the USD still has strength, instead of buying off/out another country that you would have to build up, you might lobby as hard as you could to take down everything in your way to complete dominance.
You better double your tin-foil hat for this one. The U.S is going to make sure Iran gets a nuclear weapon. Why? We really really want them to use it. Once that happens everyone will be lined up at the world bank to take a loan to ensure their countries safety. The world banking cartel will give it them because it's a safe bet to bet on both black and red and 'DING'DING'DING' we have a winner. And I hope to God that I'm 100% wrong.
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I have a masters degree in Renewables. Their development (Wind, Solar, Tidal, Biomass) has been documented thoroughly for the past 50 years or more. What "alternative energies", pray tell, are the US hiding?

I also have written a published peer-reviewed journal on the history of EU integration of renewables, along with future projections studies for the UK (detailing renewable technology developments and their economic integration). BTW, the real-world scenario is progressing fairly similarly to my predictions RE UK Wind integration (national) & Biomass/Solar integration (communal), if you're interested.

It's a fairly well studied subject.

Do tell me, what background study have you had on the US/EU/World economies plans to reduce carbon fuels? Cos what you've just written there seems to say that you have good knowledge that apparently, somehow, the US economy is hinged on oil and they have absolutely no plan of energy security whatsoever?

Strange that, considering how 13% of all US energy is generated through renewables and they pioneered such projects as the Hoover Dam.

Again, the fact that you've completely made up one part of your comment kinda invalidates the rest about some crackpot scheme that the US wants Iran to use a nuclear weapon.
 
Harvest said:
You must be one of those "the government helps us" folk. I'm pretty sure if we could see all the technology that the U.S. government has purposefully suppressed, through the use of the patent office,
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no, im one of those "theres an entire world beyond the US, with scientists and institutions independent of the US who could discover and implement technology independently" folk.

its a funny old obsession with the idea of oil generated energy ruling the world, when you consider most electricity generation is coal or gas fired, and there is greater economic value in non-energy uses of oil derivatives, than there is of burning the stuff. oil is a far more valuable as feedstock for industrial processe than as energy, so an advance here (and there are some) has much affect on oil consumption, yet we dont hear the suppressed chemical processing technologies in the conspiracies. bit too complicated i suppose.
 
Aio said:
I have a masters degree in Renewables. Their development (Wind, Solar, Tidal, Biomass) has been documented thoroughly for the past 50 years or more. What "alternative energies", pray tell, are the US hiding?
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You got me, I was more referring to inventions that used existing energies to extreme efficiency. And it is only my belief that if they did have something that would replace crude oil fuels that they would withhold this for as long as possible, as it would cause certain companies to loses trillions of dollars in the long run. Sort of a cold war on technology.


Aio said:
Do tell me, what background study have you had on the US/EU/World economies plans to reduce carbon fuels? Cos what you've just written there seems to say that you have good knowledge that apparently, somehow, the US economy is hinged on oil and they have absolutely no plan of energy security whatsoever?

Strange that, considering how 13% of all US energy is generated through renewables and they pioneered such projects as the Hoover Dam.
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You answered the question. Ask Cuba what happens with out gas. 13% is not energy security, that's 87% reliant on something and I'll guess that that would be oil/coal/nuclear. I can see the beaver clan slow clapping about this modern marvel of a dam.

Aio said:
Again, the fact that you've completely made up one part of your comment kinda invalidates the rest about some crackpot scheme that the US wants Iran to use a nuclear weapon.
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Iraq decided to go with trading oil for Euro's. Their country got torched. Oddly after that they went back to trading oil in USD. The US made up excuses to invade this country. Iran deals with Russia and China and I'm not 100% on this but I think they trade for gold. Again this is speculation so let the pot crack. Wouldn't it be really nice if Iran would just play ball :) maybe force their buyers to use USD? Is that such a far fetched idea? So back to crazy land; we make sure their nuclear program gets green lighted, then cause a situation where the US frames them for a terrorist act and invades them. So Russia and China better be building those electric tractors a bit quicker because at that point they wont have much of an option as to what happens next. It is only a matter of time before oil loses its worth, so there is a time frame.
 
Aio said:
I'm not re-writing this for you to be able to understand it.

http://www.energyxxi.org/sites/default/files/pdf/InternationalIndex-Final2013.pdf

Pages 63/64.
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She does all this from under the bed....
I for one am impressed. :)

Conspiracy theories aside, I would watch out for her. Obviously she is an agent who is in control of the UAV wing of a secret government group fixated on silencing those who tell the truth about the PED/DOLLAR/OPEC connection.

U nder
A io
V eterans

Not that you should worry....
They run on solar now anyhow.
 
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