New posts

Reply to thread

Message

The young Warren Buffett: https://www.wsj.com/finance/investing/warren-buffett-early-investment-methods-brett-gardner-10e027fe?st=zGbRCA&reflink=desktopwebshare_permalink

[ATTACH=full]189493[/ATTACH]

Bought the book, sitting under the Christmas tree.

[ATTACH=full]189494[/ATTACH][ATTACH=full]189495[/ATTACH][ATTACH=full]189496[/ATTACH]

[ATTACH=full]189497[/ATTACH]

Is Mr Saylor an idiot or merely talking his book?

[ATTACH=full]189500[/ATTACH]

[ATTACH=full]189499[/ATTACH][ATTACH=full]189498[/ATTACH]

China: https://www.cfr.org/blog/why-did-chinas-current-account-surplus-surge-third-quarter#:~:text=China's reported current account surplus,GDP) in the third quarter.

So this could go one of two ways if the US sold their gold and bought BTC:

1. Russia and China, fine, pay us for our goods in BTC. With the best part of $700B/yr deficits, they would earn back the BTC.

2. Russia and China say, F*ck you, pay us in gold. Now what use is that BTC? Well you sell it to buy gold on the market, to send to Russia and China. BTC down and gold up, reversing the initial strategem by Saylor, who has now sold out of BTC into ?

The thing with BTC or gold or fiat, is the DEMAND for it. To create demand for 'money' (as a theoretical construct) is that everyone must have some and want more.

The final line is: that 'something' needs to (be)come the RESERVE ASSET. It could be gold, btc, or something else entirely. Whatever it is it needs to be LOW RISK. Worldwide Central Banks are increasingly holding gold.

Can (could) the US unilaterally force a move to btc?

No.

Because the US is not the manufacturer of primary goods (including machine tools etc). That is China. The US does not hold a monopoly on commodities.

To force a move to btc as a reserve asset, the US would need to be in the position it was at the end of WWII. It is very far from that.

[ATTACH=full]189504[/ATTACH][ATTACH=full]189503[/ATTACH]

Which is why the BRICS have turned (back) to gold. The writing has been on the wall for a very long time.

The past week:

[ATTACH=full]189502[/ATTACH][ATTACH=full]189501[/ATTACH]

jog on
duc

<blockquote data-quote="ducati916" data-source="post: 1308559" data-attributes="member: 2975">The young Warren Buffett: <a href="https://www.wsj.com/finance/investing/warren-buffett-early-investment-methods-brett-gardner-10e027fe?st=zGbRCA&amp;reflink=desktopwebshare_permalink" target="_blank">https://www.wsj.com/finance/investing/warren-buffett-early-investment-methods-brett-gardner-10e027fe?st=zGbRCA&amp;reflink=desktopwebshare_permalink</a>[ATTACH=full]189493[/ATTACH]Bought the book, sitting under the Christmas tree.[ATTACH=full]189494[/ATTACH][ATTACH=full]189495[/ATTACH][ATTACH=full]189496[/ATTACH][ATTACH=full]189497[/ATTACH]Is Mr Saylor an idiot or merely talking his book?[ATTACH=full]189500[/ATTACH][ATTACH=full]189499[/ATTACH][ATTACH=full]189498[/ATTACH]China: <a href="https://www.cfr.org/blog/why-did-chinas-current-account-surplus-surge-third-quarter#:~:text=China&#039;s%20reported%20current%20account%20surplus,GDP)%20in%20the%20third%20quarter" target="_blank">https://www.cfr.org/blog/why-did-chinas-current-account-surplus-surge-third-quarter#:~:text=China&#039;s reported current account surplus,GDP) in the third quarter</a>.So this could go one of two ways if the US sold their gold and bought BTC:1. Russia and China, fine, pay us for our goods in BTC.&nbsp; With the best part of $700B/yr deficits, they would earn back the BTC.2. Russia and China say, F*ck you, pay us in gold. Now what use is that BTC? Well you sell it to buy gold on the market, to send to Russia and China. BTC down and gold up, reversing the initial strategem by Saylor, who has now sold out of BTC into ?The thing with BTC or gold or fiat, is the DEMAND for it. To create demand for &#039;money&#039; (as a theoretical construct) is that everyone must have some and want more.The final line is: that &#039;something&#039; needs to (be)come the RESERVE ASSET. It could be gold, btc, or something else entirely. Whatever it is it needs to be LOW RISK. Worldwide Central Banks are increasingly holding gold. Can (could) the US unilaterally force a move to btc?No.Because the US is not the manufacturer of primary goods (including machine tools etc). That is China. The US does not hold a monopoly on commodities.To force a move to btc as a reserve asset, the US would need to be in the position it was at the end of WWII. It is very far from that.[ATTACH=full]189504[/ATTACH][ATTACH=full]189503[/ATTACH]Which is why the BRICS have turned (back) to gold. The writing has been on the wall for a very long time.The past week:[ATTACH=full]189502[/ATTACH][ATTACH=full]189501[/ATTACH]jog onduc</blockquote>

[QUOTE="ducati916, post: 1308559, member: 2975"] The young Warren Buffett: [URL]https://www.wsj.com/finance/investing/warren-buffett-early-investment-methods-brett-gardner-10e027fe?st=zGbRCA&reflink=desktopwebshare_permalink[/URL] [ATTACH type="full"]189493[/ATTACH] Bought the book, sitting under the Christmas tree. [ATTACH type="full"]189494[/ATTACH][ATTACH type="full"]189495[/ATTACH][ATTACH type="full"]189496[/ATTACH] [ATTACH type="full"]189497[/ATTACH] Is Mr Saylor an idiot or merely talking his book? [ATTACH type="full"]189500[/ATTACH] [ATTACH type="full"]189499[/ATTACH][ATTACH type="full"]189498[/ATTACH] China: [URL]https://www.cfr.org/blog/why-did-chinas-current-account-surplus-surge-third-quarter#:~:text=China's%20reported%20current%20account%20surplus,GDP)%20in%20the%20third%20quarter[/URL]. So this could go one of two ways if the US sold their gold and bought BTC: 1. Russia and China, fine, pay us for our goods in BTC. With the best part of $700B/yr deficits, they would earn back the BTC. 2. Russia and China say, F*ck you, pay us in gold. Now what use is that BTC? Well you sell it to buy gold on the market, to send to Russia and China. BTC down and gold up, reversing the initial strategem by Saylor, who has now sold out of BTC into ? The thing with BTC or gold or fiat, is the DEMAND for it. To create demand for 'money' (as a theoretical construct) is that everyone must have some and want more. The final line is: that 'something' needs to (be)come the RESERVE ASSET. It could be gold, btc, or something else entirely. Whatever it is it needs to be LOW RISK. Worldwide Central Banks are increasingly holding gold. Can (could) the US unilaterally force a move to btc? No. Because the US is not the manufacturer of primary goods (including machine tools etc). That is China. The US does not hold a monopoly on commodities. To force a move to btc as a reserve asset, the US would need to be in the position it was at the end of WWII. It is very far from that. [ATTACH type="full"]189504[/ATTACH][ATTACH type="full"]189503[/ATTACH] Which is why the BRICS have turned (back) to gold. The writing has been on the wall for a very long time. The past week: [ATTACH type="full"]189502[/ATTACH][ATTACH type="full"]189501[/ATTACH] jog on duc [/QUOTE]

Verification