laux42

[laux42 @laux42]

@IsraeliPM What a despicable human being. At this point - what can we expect to change. Build a wall around Israel so nobody ever has to deal with these lying murdering snakes again.

[laux42 @laux42]

@AJEnglish All over the west the system supports this agenda - at differing degrees of enthusiasm. But it feels like at least among politicians this guy is closest to the dark force of death and destruction.

Sure he is a marionette as well - but the closest to real evil we have.

[laux42 @laux42]

@kajakallas disgusting

[laux42 @laux42]

@elonmusk That’s right - evil is the Zionists.

[laux42 @laux42]

Saving my $ for when Silver goes negative later tonight.

[laux42 @laux42]

@thesiriusreport It's just wash sales

[laux42 @laux42]

@Alexfun2020 @realDonaldTrump liar

[laux42 @laux42]

@HegedusAero Yeah. But beyond that unlimited SRF + bills funded fiscal spending is a path towards potentially unlimited fiscal spending. Unlimited RRP + SRF make reserves and short term gov debt equivalent. Also equivalent to coupons + QE of all issuance.

[laux42 @laux42]

@Convertbond "converting worthless surplus into globally transferable value." - actually it's "converting worthless surplus into verification of changes to a global spreadsheet". At least will be when bitcoin no longer subsidized by inflation.

[laux42 @laux42]

@Jkylebass @stats_feed Israel

[laux42 @laux42]

@KingKong9888 Better calculation is what percentage of Gold relative to cash equivalents will investors hold. That determines the gold price: 10% cash, 17% Gold, 17% Bonds, 56% Stocks -> Gold held by investors ~ 1.7 * (deposits + MMF + T-Bills).

[laux42 @laux42]

@SemperVigilant1 And then they'll covert the mining profits into a larger share of a "scarce" entries in a spreadsheet. Psychopaths ...

[laux42 @laux42]

@Peter_Karwacki @Frank_Giustra Unfortunately it kills the "no trust required" narrative with bitcoin. If people issue crypto against gold you have to trust the issuer. Crypto only fulfills its full promise when nothing backs it. It's a nihilistic asset.

[laux42 @laux42]

@SemperVigilant1 It's just silly. It's artificial scarcity of nothing. I can sit here and paint 10 glorious yet insignificant paintings. I can sell 5 of them and keep 5 and promise to destroy one each year. Doesn't make me a great painter. Doesn't make the paintings valuable.

[laux42 @laux42]

@KingKong9888 Gold EFP is going down quite a lot too now. Getting tight.

[laux42 @laux42]

@KingKong9888 Reversal here would be stunning. No cards left to play.

[laux42 @laux42]

bitcoin: A distributed spreadsheet ensuring consistency with huge transaction costs. These costs are initially paid for through bitcoin inflation. When this is no longer possible they have to be paid for with transaction fees. Which makes the spreadsheet unviable.

[laux42 @laux42]

@SantiagoAuFund That's what saved Weimar Germany for the first couple of years. Foreigners bought the currency based on historic prejudices and thus delayed and aggravated the final result.