Ripple v. SEC: How Ripple LOSES and What That Would Mean For Your XRP! Att'y Jeremy Hogan Gives Hugs

[BillyOckham]

10 minutes ago, RikkiTikki_is_Back said:

I think this argument was shot down when the SEC launched their suit and the price tanked and has been suppressed since. The SEC influenced the price then.

I respectfully disagree with your conclusion.  Yes the price tanked.  But that, in my opinion, was based on two factors more than any other:

• the action meant that USA exchanges were shortly going to delist the coin
• there was the risk and fear that XRP is declared a security and the chilling effect that would have on many XRP usage scenarios including but not limited to Ripple

 

Additionally one can find many instances where Ripple news did nothing to the price.  On the other hand, correlation to BTC is almost absolute with very few moments of disconnect.

So I think the connection to BTC is much stronger than to Ripple.

 

 

[VanGogh]

38 minutes ago, Danny said:

I'm not an expert and he may be right, but having the world reserve currency is good in the short, bad in the long term. He who has the world reserve currency has to deal with an artificially high exchange rate because there's much more demand for his currency worldwide than there otherwise would have been (known as the Triffin dilemma: https://en.wikipedia.org/wiki/Triffin_dilemma). 

Recessions and depressions are generally deflationary. During a recession banks usually cut and reduce the supply of credit, despite QEs and money printing. In 2009 the US had deflation.

https://www.statista.com/statistics/191077/inflation-rate-in-the-usa-since-1990/

I am not an expert either. Still, it's hard to deny that things in the US are getting more expensive. Forms of energy, food, goods such as automobiles are inflating. There are a lot of differing reasons one can find, including the fact that trillions of dollars have been printed in the last two years, making the purchasing power of the dollar, in the US at least, diminish. The pandemic has substantially affected supply chains and I'm sure the production of commodities . . . food, energy, etc. In the past if a country wanted to purchase commodities they first had to convert their currency into dollars to do so, which is expensive. Countries such as Russia and China no longer wish to do this. It's likely that countries where food (a commodity) is scarce will be squeezed harder and harder in this pandemic economy and supply chain. They will begin to shout for a more efficient way to purchase goods. The way I read that video on France is that process beginning. 

[Danny]

13 hours ago, VanGogh said:

I am not an expert either. Still, it's hard to deny that things in the US are getting more expensive. Forms of energy, food, goods such as automobiles are inflating. There are a lot of differing reasons one can find, including the fact that trillions of dollars have been printed in the last two years, making the purchasing power of the dollar, in the US at least, diminish. The pandemic has substantially affected supply chains and I'm sure the production of commodities . . . food, energy, etc. In the past if a country wanted to purchase commodities they first had to convert their currency into dollars to do so, which is expensive. Countries such as Russia and China no longer wish to do this. It's likely that countries where food (a commodity) is scarce will be squeezed harder and harder in this pandemic economy and supply chain. They will begin to shout for a more efficient way to purchase goods. The way I read that video on France is that process beginning. 

You're absolutely right, I'm not from the US but I can see inflation and loss of purchasing power are very much on the increase, I just think it will ultimately result in deflation. People's desire and ability to lend and borrow will decline and production will decrease. When the economy is in a very bad shape, banks won't be willing to lend out credit and new investment in economic activity will be reduced.

You bring up a good point with regards to Russia and China no longer wanting to use the dollar. What if countries start to refuse to use the dollar to buy and sell oil? 

I completely understand why countries would want to trade oil using their own currency.

Edited October 15, 2021 by Danny

[woodman_73]

58 minutes ago, Danny said:

You're absolutely right, I'm not from the US but I can see inflation and loss of purchasing power are very much on the increase, I just think it will ultimately result in deflation. People's desire and ability to lend and borrow will decline and production will decrease. When the economy is in a very bad shape, banks won't be willing to lend out credit and new investment in economic activity will be reduced.

You bring up a good point with regards to Russia and China no longer wanting to use the dollar. What if countries start to refuse to use the dollar to buy and sell oil? 

Crypto seems poised to be the ultimate slave master ( government based coin) or the ultimate world wide human liberator, keep the power to the people. I am just getting into crypto as a gold buyer for years and look forward to seeing it evolve to us breaking the chains of government. I love goods and services, I have built my lively hood around them but tyranny of big brother has noosed me to serfdom and a live or die scenario based on others decisions I have no control over. Crypto offers hope to gain that control back and place survival back on my ability to produce a commodity. For me personally if it pays off, I will reinvest wholly back into the means of economic growth for future generations. 

Edited October 15, 2021 by woodman_73

[VanGogh]

7 hours ago, Danny said:

You're absolutely right, I'm not from the US but I can see inflation and loss of purchasing power are very much on the increase, I just think it will ultimately result in deflation. People's desire and ability to lend and borrow will decline and production will decrease. When the economy is in a very bad shape, banks won't be willing to lend out credit and new investment in economic activity will be reduced.

You bring up a good point with regards to Russia and China no longer wanting to use the dollar. What if countries start to refuse to use the dollar to buy and sell oil? 

I completely understand why countries would want to trade oil using their own currency.

I think inflation first, then massive deflation.

[WarChest]

7 hours ago, Danny said:

What if countries start to refuse to use the dollar to buy and sell oil? 

When countries have done that in the past they have been invaded by the US (IE Libya, Iraq) or at least sternly threatened. (I am not into bashing the US BTW)