Epic Pennant on BTC Chart

[AlejoMoreno 1,626]

 

5 hours ago, Archbob said:

Is because people don't really understand economics and foreign debt. They never see things like this:

 

https://www.titlemax.com/discovery-center/money-finance/debts-owed-by-the-us-and-owed-to-the-us/

 

They moan about how much foreign debt the US owes other countries, but they don't realize that foreign countries owe us even more debt than we owe them. So the US debt situation is really not nearly as bad as people make it out to be.

 

The problem is that people think of a country's debt as if it were a person's debt. Those are two completely different concepts. Countries have infinite life spans. You can't "call" a country's debt. That makes no sense. 

In the cryptocurrency space, people use this as a narrative to try and say why cryptocurrency is due for a bull run which I think are two separate ideas.

[Trentsteel 1,028]

47 minutes ago, Eric123 said:

In my opinion from watching how poorly containment of the virus was handled worldwide  mainly (Europe and US, whereas Korea and Japan seem to be doing a bang up job), there are really only two conclusions to arrive at:

1. The Governments (US & Europe) wanted to destroy the world economy

or

2. The leaders of the world's governments (US & Europe) are incompetent.  

Either way my faith in the blockchain remains.    

The hashrate has recovered to above 100 million Th/s

https://www.blockchain.com/en/charts/hash-rate

  

I’ll go with #2. They hoped and prayed it was SARS all other again, meh! Still a bad flu if you look at the statistics 

anyone who moans at Trump calling it Chinese flu, did you ever revert back and say the Spanish flu was a racist slur 🤨

[Eric123 8,998]

24 minutes ago, Trentsteel said:

anyone who moans at Trump calling it Chinese flu, did you ever revert back and say the Spanish flu was a racist slur 🤨

I think he's calling it the "China Virus" -   yes I agree Chinese flu is an appropriate name.  It appears governments attempts to prove how non-racist they are have caused tremendous loss of lives as well as destroying their economies.  

The producers of the Italian commercial I posted above should face some some repercussions, criminal prosecution? Maybe.

Edited March 22, 2020 by Eric123

[Archbob 1,054]

7 minutes ago, Eric123 said:

I think he's calling it the "China Virus" -   yes I agree Chinese flu is an appropriate name.  It appears governments attempts to prove how non-racist they are have caused tremendous loss of lives as well as destroying their economies.  

The producers of the Italian commercial I posted above should face some some repercussions, criminal prosecution? Maybe.

Or he could just call it COVID-19

[Eric123 8,998]

1 minute ago, Archbob said:

Or he could just call it COVID-19

Or it could be called the virus that originated because life under the Chinese Communist Party caused 10's of millions of their own people to starve so they had to create markets that sold rats, bats and other wildlife which people had to eat to survive, which in turn resulted in a virus that infected the world and led to the deaths of 10's of thousands (maybe 100's of thousands or millions by the time it's done) and locking down tens of millions of people, but Chinese Flu is shorter.  Or yeah, he could call it COVID-19.  I'm Ok with any of those names

[Trentsteel 1,028]

6 minutes ago, Archbob said:

Or he could just call it COVID-19

Yer, but it origins came from china, stop being a snowflake and call a horse an horse and yet I revert back to my last comment”Spanish Flu” never had its origin in Spain or Latin America But yet was labelled as such, Trump is technically right 

Call it what you want! It don’t give a damn 

[Neurotoxin 327]

15 minutes ago, Archbob said:

Or he could just call it COVID-19

Or he could call it the Chinese Virus. It’s kind of like the swine flu. 
 If it originated in China, I see no reason to hide it. If some disease originated in my country, I wouldn’t feel attacked if they called it the Puertorican virus or whatever was applicable. 

Nobody cares what you call it, and those that do are the type of people who just like constantly finding things to be offended about. 

[strikerjax 658]

1 hour ago, Neurotoxin said:

Or he could call it the Chinese Virus. It’s kind of like the swine flu. 
 If it originated in China, I see no reason to hide it. If some disease originated in my country, I wouldn’t feel attacked if they called it the Puertorican virus or whatever was applicable. 

Nobody cares what you call it, and those that do are the type of people who just like constantly finding things to be offended about. 

The fear is that labelling it the China flu will cause hate and violence against the Chinese people living abroad.

Trump mentioned that he is calling it that as the Chinese alleged that the US military was behind it.

Whats interesting it that the US govt (by extension the UK govt as they share intelligence) knew about how bad the virus was in Jan and didn't take steps to get ready.

 Wonder why?  Was the pandemic the excuse needed to make the changes the Fed did and the stimulus the govt is injecting into the market. 

 

[Julian_Williams 12,910]

 

 

Edited March 22, 2020 by Julian_Williams

[stickmonster 946]

1 hour ago, strikerjax said:

The fear is that labelling it the China flu will cause hate and violence against the Chinese people living abroad.

 

 

And it already has.  The label Trump chose is entirely in keeping with his MO - division, deflection, denial.  It's unnecessary unless you have an ego as fragile as his.  We deal with the situation now.  Focus on blame, cause, remedial action later.

As for Spanish flu almost no one knows its official name (H1N1) so we continue to use the original term, coined at the time without hesitation because back then racism / xenophobia was normal.

Edited March 22, 2020 by stickmonster

[Dogowner5 2,585]

Why on earth wouldn’t you just use its name...  CV-19 ?

If you use anything other,  then I would question the motive behind needing to call it anything other than its name.  Seems self evident to me that it should be called by its name.

 

[Zedy44 2,808]

Expecting Dow to drop to $15-16k range when US announces a country-wide shelter-in-place order.  There have also been rumors going the FAA will ground all non-essential domestic flights due to pretty consistent issues over the past week for certain cities to keep control towers staffed due to the virus.  I think if the US jumps to these extremes we'll head off the mess that is hitting Spain and Italy currently.

If folks in the US want to continue to just do there own thing it's going to get much worse.  I have a pretty unique perspective as my fiance is an RN working at a level-1 trauma center up here in MA and the stories she brings home have been consistently worse every day over the last two weeks.  I'd say four weeks ago the attitude around the hospital was very, very lax.  Now it's complete panic and frustration that the systems they have in place are failing to protect patients and staff.

[Eric123 8,998]

5 hours ago, stickmonster said:

division, deflection, denial.

 Explain. The Division, deflection and denial and how it is not being done by the CCP (Chinese Communist Party)

If you're not upset with the CCP you have not been paying attention.

Denial?  Where did the virus come from?  Either it came from a monument to animal cruelty (the Wuhan wet market) created by the CCP's horrific human cruelty (starvation of 10's of millions) or it came from a Chinese Weapons lab a quarter mile away from that market.

https://www.nationalreview.com/2020/03/the-chinese-wild-animal-industry-and-wet-markets-must-go/

The CCP denied the existence of this virus and prevented efforts to stop it from the begining

https://www.businessinsider.com/china-coronavirus-whistleblowers-speak-out-vanish-2020-2

 https://www.bbc.com/news/world-asia-china-51353279

 

Deflection?

https://www.theguardian.com/world/2020/mar/12/conspiracy-theory-that-coronavirus-originated-in-us-gaining-traction-in-china

 

Division?

5 hours ago, stickmonster said:

racism / xenophobia was normal.

https://www.youtube.com/watch?v=lULceASXv88

https://www.youtube.com/watch?v=8o_uXF9B4KI

How about promoting Genocide which is what these videos are actually doing?

The US and Europe should have stopped all travel from China and the importation of all goods from China back in January. I'm upset that Trump didn't take these steps sooner he also should have excluded travel from all countries that did not cut off China, back in January.

But Explain your point. 

Edited March 22, 2020 by Eric123

[Eric123 8,998]

Day 11 of the Apocalypse Sunday 3/22

Bitcoin has seen some calm down in volume over the weekend.  It's encouraging that Friday Bitcoin almost broke out and made it above $7,1k, currently bitcoin is Holding above $6k after pulling back from $6.4k.  

It would be nice to escape from the Virus talk but there kinda is not escape, either on line or in real life.

I attended a wedding two weeks ago (I'm fine and I haven't heard that anyone that was there is sick) so  I'm assuming I emerged virus free from that celebration, so that's good. 

Tonight is going to be interesting when the Dow Futures open up.  I can't imagine it will be good.  But If Bitcoin starts moving inversely to the equity markets it will be extremely bullish.

The bright spot is that China seems to be rebounding (if they can be believed) and S.Korea and Japan (all big bitcoin holder) are hanging in there.  

 

 

[stickmonster 946]

56 minutes ago, Eric123 said:

 Explain. The Division, deflection and denial and how it is not being done by the CCP (Chinese Communist Party)

If you're not upset with the CCP you have not been paying attention.

Denial?  Where did the virus come from?  Either it came from a monument to animal cruelty (the Wuhan wet market) created by the CCP's horrific human cruelty (starvation of 10's of millions) or it came from a Chinese Weapons lab a quarter mile away from that market.

https://www.nationalreview.com/2020/03/the-chinese-wild-animal-industry-and-wet-markets-must-go/

The CCP denied the existence of this virus and prevented efforts to stop it from the begining

https://www.businessinsider.com/china-coronavirus-whistleblowers-speak-out-vanish-2020-2

 https://www.bbc.com/news/world-asia-china-51353279

 

Deflection?

https://www.theguardian.com/world/2020/mar/12/conspiracy-theory-that-coronavirus-originated-in-us-gaining-traction-in-china

 

Division?

https://www.youtube.com/watch?v=lULceASXv88

https://www.youtube.com/watch?v=8o_uXF9B4KI

How about promoting Genocide which is what these videos are actually doing?

The US and Europe should have stopped all travel from China and the importation of all goods from China back in January. I'm upset that Trump didn't take these steps sooner he also should have excluded travel from all countries that did not cut off China, back in January.

But Explain your point. 

My reference to Trump's MO was not just in respect of this pandemic.  He has behaved in such ways so often there's no need to give examples.

I made no comment about the CCP but for the record I find their tactics reprehensible ...but they are dictators and will do whatever they want.  Democratic leaders must be held to higher standards meaning outright lies and made up stuff is unacceptable.

Stay stafe.

Edited March 22, 2020 by stickmonster