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About tar

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    economics (esp. monetary theory), law, history, politics, ethnology
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  1. Watch and learn: In your approach there would be no "money", at all. Nope. Your view of "money" has nothing to do with reality. Even in a Gold standard, "money" had no maximum supply. Thus the Gold standard got eventually abolished.
  2. Updated... Final ranking (deviation): @NO-XRP (48,73 %) @Oldschool (69,17 %) @HwG (96,94 %)
  3. https://www.tradingview.com/chart/XRPUSD/MdteUMHC-xrp-cycle/
  4. China's (and Singapore's) success stems from the transformation of state ownership into private ownership, which set the capitalist innovation dynamic in motion. Deng Xiaoping was the driver of this transformation, but remained a supporter of an authoritarian leadership style (see his involvement in the 1989 Tiananmen Square protests). China was a bitterly poor country 40 years ago. After the capitalist reforms under Deng Xiaoping, the country has changed completely. According to UN figures, 88% of Chinese people were still living in poverty in 1981, compared to only 2% today. Hundreds of millions have risen from poverty to the middle class. Europe and even the USA are outdistanced: While Europe is simply watching thanks to its weak and incompetent liberal leadership, measures are being taken at least in the USA to delay the inevitable conflict of the aspiring empire against the existing empire.
  5. All parties are populistic - otherwise nobody would elect them. Furthermore, those in Germany you call "populists" try to prevent the ongoing destruction of German wealth by the actual ruling parties of which the Euro is just one part of the whole thing that led to the shrinking/destruction of the Germans citizens savings & net income.
  6. The crisis is already visible (at least, here in Germany) and Otte (who predicted the 2007/2008 crisis) just released a new book "Weltsystemcrash" (crash of the world system).
  7. https://www.tradingview.com/chart/XRPUSD/MdteUMHC-xrp-cycle/
  8. Imho, we are in the anger -> depression phase leading to the low of 0.16 USD.
  9. No update since 50 minutes...? Something is rotten in the state of Denmark.
  10. If you block an amount of a particular asset for any kind of emission (of a stablecoin) there is no workaround (instead of price fixing from the government) to supress the volatlitity of this asset/backing. You can - and that is what I read out of your answer - block at most more of this asset than would actually be necessary at the time of valuation in order to suppress a significant impact of its volatility on the emission, which means that you would (need to) block a much higher amount of variable valued XRP in order to ensure a halfway sufficient backing of the fixed valued emission (of the stablecoin) which unfortunately still would not be sufficient to garantuee a permanently safe backing as history proves. This is one of the most fundamental problems regarding emissions and financial crises, central banks policy, etc. - and the reason why there actually is no "stable" asset of any kind (and therefore no safe stablecoin, ofc). Usually, the issuer should deliver the corresponding collateral, otherwise its issue loses value. Afterwards, the issuer/market would have to be constantly or regularly audited in order to ensure that his backing is sufficient over time. What happens, if it is not sufficient anymore? Are there any kinds of sanctions involved?
  11. @JoelKatz As far as I understood, someone locks a particular amount of XRP into his ledger account and therefore would be able to issue a "stablecoin" which is backed by XRP and therefore is only stable regarding a particular XRP amount (which he locked) but not towards other assets (and therefore currencies among them). Lets call this "stablecoin" "XRPS". The first obvious question that arises is: Where is the advantage over using XRP directly? Isn't pathfinding already considering the available amounts of XRP on the ledger accounts? What would be the difference? If you talk about other "stablecoins" that are collateralized by other assets (like USDT) several more questions arise: 1) Where are those "stablecoins" issued exactly? As you know, the issuer has to be a private organisation which is accountable/liable and therefore the ledger of those particular private party has to be used/included. Otherwise you are just creating XRPS on the XRP ledger. 2) How is the constant volatile price development between XRP (and therefore XRPS) and the alien "stablecoin" compensated?
  12. 1. Speculators buy (back) at the bottom line (high demand at new low) as they expect the price bounces back to the upper wedge line. Therefore it is less likely that the wedge will break downwards. 2. The top line is also decreasing but not as much as the bottom line which means that the overall asset has to get more attension from the market (volume rises) to form a broadening wedge (higher demand at lower tops). As soo as the higher demand of 2. exceeds the higher demand of 1. the wedge is broken upwards resulting in a re-buy (fomo) of the speculators of 1. which further increases the demand of 2.
  13. The FED already rised the overnight repo to 100 bio and doubled the short term repo from 30 to 60 bio: https://www.newyorkfed.org/markets/domestic-market-operations/monetary-policy-implementation/repo-reverse-repo-agreements/repurchase-agreement-operational-details
  14. I did in my analysis - and by the way, Alex did not count Elliott Waves but refered to BTC halving.
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