Norvik

[Norvik @NorvikV]

@doug56724 @JeffSnider_EDU Next in Who do we bailout? Japan! We have reached the limits of economic globalization with complete interdependence and no release valves

[Norvik @NorvikV]

@jgpuck99 @m3_melody For what it's worth I'm seeing more frequent price drops (25k ish on 500k homes) and they are staying on the market longer

[Norvik @NorvikV]

@sentdefender P

[Norvik @NorvikV]

@EPBResearch But how much of this expenditure will be a waste? How do you quantify waste vs. productivity? Either way, initial velocity of money increases but the difference is the long term velocity over time (its inertia)

[Norvik @NorvikV]

@profplum99 Gold has utility, it has always had utility. It's used in bioengineering and electronics. It seems like no one is normalizing its value relative to its expanding functionality (not limited to shiny coins and jewelry)

[Norvik @NorvikV]

@EPBResearch Liquidity is high because banks have been lending to PC/PE firms. Collateral issues will bring everything down just as a repeat of 2008

[Norvik @NorvikV]

@kshaughnessy2 @verdadcap Ok, but if the bankers are the lenders to these PE firms what has been put as collateral?

[Norvik @NorvikV]

@sobel_mark Banks are still lending just like before, just through a layer of abstraction of PE/PC. Once the flow through those channels clogs collateral issues will emerge once again

[Norvik @NorvikV]

@rcwhalen @kieranwgoodwin They just provide an added layer of abstraction (cover) to the prime lender. Once that channel gets blocked transfer will become harder, collateral shortage and another replay of 2008

[Norvik @NorvikV]

@bauhiniacapital @PiQSuite Interesting/good discussion from both sides but it does seem possible that Russia/China are hoarding precious metal in preparation for a new environment and it makes sense for super power to control natural resources be it in Venezuela or Greenland

[Norvik @NorvikV]

@michaelxpettis Dumb question, but if the world stops using the $ wouldn't that cause hyper inflation in the US in the short term? All of their(Chinese ) $ are deemed useless to them and will circulate in fewer countries (Americas); the supply stays fixed and demand plummets

[Norvik @NorvikV]

@levenson_david @Brennan_BTC22 China/Russia are hoarding precious metals for the new economy. US doesn't want their allies in the Americas and is trying to cut their access to natural resources. No one knows what's going to happen to the dollar or any other asset. Chaotic nonlinear system 😬

[Norvik @NorvikV]

@EPBResearch How much inflation can a country tolerate before it turns into runaway inflation like Zimbabwe? Is there a functional form when a phase change happens?

[Norvik @NorvikV]

@EmilKalinowski High trust -> lend and ledger system is king

Low trust -> shinny scarce metal that doesn't corrode is king

And it's cyclical like anything with a restoring force

[Norvik @NorvikV]

@Greenbackd @grok It's all about trust. When trust is high, fiat is king and you lend to anyone. When trust is low, shiny metals that are scarce and don't corrode are king. -not grok

[Norvik @NorvikV]

@DanielYergin @CNBC @KellyCNBC @SPGlobal Carbon based electronics

[Norvik @NorvikV]

@DanielYergin @SPGlobal Carbon based electronics

[Norvik @NorvikV]

@thecyrusjanssen @MasterPandaWu Surprised Salt Lake City is less than 300,000

[Norvik @NorvikV]

@EPBResearch What we think is irrelevant. The system (debt/interest rate/payments) will force liquidation and private industry will takeover

[Norvik @NorvikV]

@bauhiniacapital Those tigers are scared! What is the storm dragon to the crypto tigers 🙀?