Bitcoin....who's gotten into it?

[J. Barron DeJong]

byates, take some of that personal fucking responsibility you want every one else to have and own. the. fuck. up. when you are shown to have not known what you were talking about.

[byates1]

I know exactly what I'm talking about. You mouth breathers believe whatever talking heads tell you. You have a complete absence of critical thought and live in La La land. At least you live in Cali paying into all the bullshit you believe. Bunion enjoys a lifetime of red state politics while shitting all over his supposed home. The definition of cowardice.

[J. Barron DeJong]

You thought the Fed was responsible for the debt!!!!!!! That the debt was proof that the Fed was not independent!!!!!!!


Do you have the memory of a fucking goldfish?!?

[Bunion 2020]

I know exactly what I'm talking about

Sure thing.

Bunion enjoys a lifetime of red state politics while shitting all over his supposed home. The definition of cowardice.

Who is the miserable one here? Cause it isn't me. You are a creepy stalker who thinks he knows people even though he has never met them IRL. Fuck off.

[byates1]

Jong- you are conflating and assuming. I never directly said the fed is responsible for the debt. I said that the fed isn't as independent as you imply. I understand how treasuries are borrowed and issued. I also understand there is a revolving door of ppl who cycle through cabinet positions/wall st/fed.

The system is the best that has ever existed in the history of the world, both politically and fiscally. But there are problems. Continued debt will eventually unwind the system. BTC is a tiny outside alternate monetary system. It will continue to gain market share.

Bunion- you don't get to cry like an unhinged liberal day in and day out here,and blame everything on Trump constantly without someone calling you out on your hypocrisy. Try giving the constant political bullshit a rest. Get a grip man.

[J. Barron DeJong]

Me: how does your theory that the Fed is not independent show up in how they act?

You: Issuing treasuries causing 34 fucking trillion in debt. Let's start w that.

[byates1]

They play a role. Everyone agrees keeping rates near 0 and flooding the system during COVID didn't help. 10 trillion for COVID. You must have a chart somewhere

[Bunion 2020]

Bunion- you don't get to cry like an unhinged liberal day in and day out here,and blame everything on Trump constantly without someone calling you out on your hypocrisy. Try giving the constant political bullshit a rest.

Last I looked, this isn't your thread. Fuckoff.

[byates1]

What blue utopia are you moving to bunion?

Remember to thank all the soulless private equity developers who have paid you well to help destroy Montana for the last couple decades. Nice job, anything for the dollar right?

[J. Barron DeJong]

They play a role. Everyone agrees keeping rates near 0 and flooding the system during COVID didn't help. 10 trillion for COVID. You must have a chart somewhere

Ok, please articulate the role the Fed played in achieving our current debt.

Regarding Covid, I would just note that we did not experience inflation out of line with any other developed country, so it is very unlikely the Fed played THE major role in that.

On the other hand, the US has experienced the fastest growth in inflation adjusted GDP of any advanced country, both in total and per capita increases, since Covid, so I am not sure what blame I am supposed to attribute to the Fed there.

[Bunion 2020]

Isnt Anything for a Dollar the unofficial trademark of BTC so thanks for the laugh.

I will invoice enough from today to cover my life and expenses very nicely thank you for your interest, and do that 1 day a week.

I was at 2 Church construction sites, a Fire Station, 2 projects at MSU and a city of Bozeman Parks project. And yes, I also was at 2 of those nasty housing developments. And a new Gas Station (owned by a soulless corp) and a new Truck Wash. Took me about 7 hrs including some fucking around in town (broke the screen on my tablet, had to get it in to be repaired, CPR rocks).

In all that time I got to shoot the shit with a bunch of equipment operators and project managers, some masons and drywallers, and a great chick in Kenyon Noble. It was a beautiful day, cool, sunny, little wind and mostly dry. Oh yeah, I saw a really fat and healthy looking blonde Black Bear and was able to glass him for about 10 minutes. He seemed to be enjoying the hell out of the day including leaning his back up to a big tree stump and scratching an itch.

Playing 18 tomorrow with a couple of fully retired guys, one a BB legend status patroller with 30 years in.

Yeah, I am dying here, totally miserable working for the Man. Remind me again what you have done for Bozeman or Montana.

[byates1]

Sweet blog bro

[Bunion 2020]

Remind me again what you have done for Bozeman or Montana or just Fuck right off.

[byates1]

I've been working w ice getting all the liberals disappeared

[byates1]

Anyways

This is a clear concise talk about the current fiat system. It's mainly pointing out facts. It doesn't mention BTC much at all. She is spot on.

[yeahman]

Isn't most of the current federal deficit due to the unfunded tax cuts of the Bush and Trump admins? They decreased revenue but never decreased spending.

[Bunion 2020]

Doh!

[byates1]

I think all the deficits are due to dei spending in Honduras. Happy pride month.

[byates1]

The financial system is much larger that any political party. Continued borrowing is unstoppable. Nothing stops this train.

[byates1]

.

Sent from my Pixel 9 Pro using Tapatalk

[stalefish3169]

Jamie Dimon: "Bitcoin is a scam!"

Also Jamie Dimon:

https://decrypt.co/323658/jpmorgan-t...eral-bloomberg

[J. Barron DeJong]

Anyways This is a clear concise talk about the current fiat system. It's mainly pointing out facts. It doesn't mention BTC much at all. She is spot on.

Counterpoint: No, she is not.
Oh, things started diverging in 2017? Wonder what happened then, did we adopt a fiat currency? No, massive unfounded tax cuts by Trump.

Social Security Trust Fund is unwinding? OK... is she just throwing in concerning things people have heard about?

Says we are leveraged 50:1? Based on what, a specific metric of money supply she chose? Why choose monetary base instead of M2 money supply? Heck, what is this leverage supposed to tell us at all? You would think that investors would be wary of lending to and entity with such high leverage, but they lend at low rates, why is that? Because the leverage metric makes no sense. If a leveraged 50:1 leveraged investment lost 2% it goes bust, what is the equivalent she sees with the US government?

Our debt has only come down in nominal terms during five years of the past 150? Why look at nominal not real? Why look at debt and not debt to GDP? But maybe most importantly, if it has only come down during one year of the Great Recession and four years of the Great Depression, maybe you should at least consider that your hypothesis that it would be good to try to get it down is wrong? And maybe if something has gone on for 150 years, then that particular thing is unlikely to be the driver of a system collapse?

[stalefish3169]

The financial system is much larger that any political party. Continued borrowing is unstoppable. Nothing stops this train.

Nailed it.

https://x.com/ExxAlerts/status/19303...WL--2ismQ&s=19

[J. Barron DeJong]

Nailed it. https://x.com/ExxAlerts/status/19303...WL--2ismQ&s=19

The -debt limit- is a made up thing that is likely unconstitutional (though it has never being tested, so who knows how the court would rule) and does nothing to actually limit the debt.

The debt is determined by the laws Congress passes that affect taxing and spending. Period.

All the debt limit does is add some uncertainty about whether we will actually pay our debts as legally required, and we probably pay a marginally higher rate on our debt because of that.

[yeahman]

The financial system is much larger that any political party. Continued borrowing is unstoppable. Nothing stops this train.

Pretty sure the massive federal sales tax Trump is implementing is intended to at least slow it. Not saying it's necessarily a bad idea. Something has to replace the lost income tax revenue. Why not a national sales tax? (aka tariffs)