RE: [Breaking News] US Jobs Number Missed Expectations

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RE: [Breaking News] US Jobs Number Missed Expectations

freeforever (60)in #market • 8 years ago

That is a good question, I honestly doubt it as long as gold & silver is being traded on Comex. I think we need a new exchange system, and that is where crypto exchanges comes into the picture. They need to be decentralized.

But, we also need that financial crisis, and we are getting closer every day, I think this current US expansion is the second longest ever even though the growth is really low, it has now lasted about 9 years and we should be very close to the peak. Probably within 2 years.

8 years ago in #market by freeforever (60)

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vimukthi (73) 8 years ago

We do have Bitshares Smart Assets and DigixDAO (DGD) The problem is the volume. It's super low. In 2016 I was thinking about a possible crash 2019-2020 but now I think the current madness could continue much longer and blow up much worse. I mean who would have expected negative interest rates that was actually acceppted by people.

As short a time ago as February, the Ministry of Plenty had issued a promise (a "categorical pledge" were the official words) that there would be no reduction of the chocolate ration during 1984. Actually, as Winston was aware, the chocolate ration was to be reduced from thirty grammes to twenty at the end of the present week. All that was needed was to substitute for the original promise a warning that it would probably be necessary to reduce the ration at some time in April.

It appeared that there had even been demonstrations to thank Big Brother for raising the chocolate ration to twenty grammes a week. And only yesterday, he reflected, it had been announced that the ration was to be REDUCED to twenty grammes a week.

I'm not going to underestimate human madness.

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