ndea » user profile
| Member Since | 02/09/2020 |
|---|---|
| Last Seen | 05/11/2021 |
Recent Activities
There's no need to 'bail in', if government can just conjure more funny money to fix the problem. At that point, maybe house prices will…
Yes, along with a tin foil hat and a book about the flat earth. If anyone disagrees with authority on one topic, then it follows that they…
All electronic transactions are already under scrutiny, and the Australian government is itching to ban cash. Then 'your' money will only…
Some criminals/terrorists would propose that having control of your own money outweighs the drawbacks. I have no doubt though that the…
ndea commented on China Bans Crypto. Will You Sell or Hold?
If authoritarians feel crypto needs to be banned, then it must be doing something powerful and good. When China bans things, those things…
It's legally not your money, it's a loan to the bank. A loan which the bank probably doesn't even want, because they can get nearly free…
No complaints. I've gamed it to my benefit, made a couple million Australian pesos. Keeping money in the bank is financial irresponsibility…
ndea commented on Why Are Houses So Expensive Here?
Lots of funny money being created out of thin air, it needs to go somewhere. And government needs to pretend that inflation is still 2%.…
ndea commented on Banks Dont Even Give Me 1%, Yet on Binance if I Stake MATIC I Can Get 11.34% API, What's The Catch?
Banks don't want your money, even 1% is too high for them; they prefer nearly free money from the government. Then leverage it up using the…
ndea commented on Anyone Think House Prices Will Begin Falling?
House prices will fall when governments and banks tighten the money supply, which is never. A poor economy might actually might be good for…
Banks don't need your money. Their hoops are a polite way of telling you. They make money in residential mortgages, sourced nearly for free…
ndea commented on Australian Simon Says Act and Its Future Impacts
The Australian media cartel has fallen upon hard times, the paywalls have failed, and government is enlisted to drum up business. If…
Bitcoin is backed by nothing. And it doesn't have enough inflation. Unlike government currency, which is backed by either cotton or…
ndea commented on Do You Envy Those Who Got Rich on Bitcoin?
Bitcoin is near record highs, as are house prices, the stock market, fine art, well anything which can't be created at whim. Envy will…
ndea commented on What Happens if Google Leaves Australia?
Australia's media (duopoly) has failed with a hard paywall, so it wants Google (monopoly) to provide the pay without any of the wall.…
Stocks will jump for any reason regardless of the fundamentals, such is the desire to flee fiat. But regarding the BankCoins, they will…
Banks already have an excellent system. They get the money for nearly free from the government, create more of their own through the…
The continued rise of 'dead' crypto is a repudiation of naysayers who favor infinite supply fiat. But maybe don't rush in at an all time…
ndea commented on Where to Invest $30K in 2021? What Can I Realistically Expect to Earn by The End of The Year?
Options are to leave in cash and earn a guaranteed negative real yield. Or in over-inflated markets, hoping that modern monetary theory…
In my view bitcoin is only inappropriate because high-risk is unsuitable for a pensioner. As for it being based upon hype, compared to…
Your dad's decision may have worked out in the past. He did not reckon on the new economic doctrine of infinite stimulus. It may hurt, but…
ndea commented on Bitcoin predictions your opinion?
Bitcoin will die when fiat currencies stop being debased... ...which is never. Everything which can't be printed by a central bank is at or…
An inference from these changes at ING (and most other banks) is that they simply do not want your money. They'd rather get nearly free…
ndea commented on Are We Really in a Recession Right Now?
Funny money ensures the all-important asset bubbles remain inflated. But real incomes have been in a recession for a few years now, even if…
Anything which can't be printed at a whim is approaching all time highs. Last cycle, it was possible to delude one's self into thinking…
ndea commented on Current Best Platform to Trade Crypto
Binance. No fake sign up bonus, but they have tiny spreads, and respect your privacy so long as you avoid their AUD fiat gateway subsidiary.
ndea commented on Receive $10 or $20 in Bitcoin When You Create a New Account and Convert $250 in Bitcoin, Eth or LTC @ RoundTheBlock
I would sign up if I didn't need to expose myself to identity theft by providing scanned photo ID and utility bill. I know this is required…
ndea commented on Up announces interest drop to 1.1 percent
Banks don't want our money, they can get it from the government for nearly nothing.
Fortunately for those who fear or don't understand bitcoin, there will always be fiat. Everybody trusts something. In Australia, the trust…
Many regions of Australia were in self-isolation even before COVID. If television, fast food drive-thrus, or SUVs become a vector of…
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