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Profile and commentaries of UltraWoof
UltraWoof
Member since January 2011
Followed by 0 memberFollows 0 member
10 commentaries, with 1 Reply
0 reply to his comments (0%)
Average Note : 45 / 100 for 6 rated commentaries  5  6 
Last commentary posted on Tuesday, October 3, 2017
 
 Profile Commentaries Followed By Following 
 Jan Skoyles - GoldCore
Gold Standard Resulted In “Fewer Catastrophes” – FT
Well, yeah, but the gold standard does not work too well for those who don't have any gold.
10/3/2017 at 8:42 AM  0  1  Rating :  -1 Permalink
 Michael Pento - Delta Global Advisors
Cryptocurrencies: Modern Day Alchemy  (2)
I have tried to understand Bitcoin. The part I do not understand is: How and why is the quantity of Bitcoin actually limited?

Because: the person or the people who conceived, invented and programmed the algorithm that makes Bitcoin limited in number, could simply, or may be not so simply, change the very system, the program, the algorithm to increase the number of potentially, mathematically, logic...
8/31/2017 at 8:01 AM  1  1  Rating :  0 Permalink
 James Howard Kunstler
When the Butterfly Flaps Its Wings  (4)
It surely is complicated. Speaking of "when a butterfly flaps its wings", I was in my back yard, harvesting some beans, tomatoes and cucumbers, and a nice butterfly, one of those orange and black monarchs
was flapping its wings.

Since I speak the butterfly language (a very rare ability), I asked it "what is the matter with you, flapping your wings like that?", and the butterfly answered "I think ...
8/31/2017 at 7:45 AM  1  2  Rating :  -1 Permalink
 Frank Shostak
What Is the Liquidity Trap
1116 words. Reading time 10 minutes, because you'll laugh, you'll cry, you fall off your chair.

Here are my two cents worth about money, employment and interest rates. I have no
economic theory or solution to propose, I am just speaking from experience.

1) A government that encourages shipping productive jobs overseas, because the
managers, owners and shareholders of large manufac...
8/31/2017 at 7:28 AM  1  2  Rating :  -1 1 AnswerPermalink
 Wolf Richter
Desperation Invades Vancouver Housing Bubble, as Hot Money Still Pumps up Toronto, Hype Overflows  (3)
Yup, a home is a great investment. It's always going to be worth something, but not more than what another is willing and able to pay for it. So you better don't owe too much on it.
2/7/2017 at 10:39 AMPermalink
 Mish - Global Economic Analysis
France First: Marine Le Pen Speech Interrupted by Cheers “France! France!”  (1)
What do I see: America first, France first, England first, Russia first, Germany first, ....
and what about China, Brazil, India, don't they want to be first too?

We can't all be first, someone's gotta be second, someone's gotta be last. Any volunteers?
2/7/2017 at 10:10 AMPermalink
 Mish - Global Economic Analysis
Merkel an Election Shoo-In Nope, Think Again
Never has "EU Gewalt" meant so little to so many by so few. No, that's not it.

Never was "EU Gewalt" so meaningless to so few because of so many ? No, that's not it either.

Never was "EU Gewalt" so meaningful to so many because of so many? We are getting warmer, but no.

Never in the field of "EU Gewalt" was so much owed by so many to so few. Ok, now I remember.

This will g...
2/7/2017 at 9:48 AMPermalink
 Mish - Global Economic Analysis
End of Fed Independence! House Financial Services Committee Sends Warning Letter to Yellen “This is Unaccep...  (2)
Hmm, whenever a president or senate locks horns with the Fed, they'll raise interest rates and tighten the money supply, just to show who's boss, and the people will suffer. Isn't that old saw about "Let me control a nation's currency and I care not who makes its laws" still valid?
History repeating itself, or somewhat rhyming. See Jackson, Lincoln, Wilson, Kennedy, etc.
It's tiresome to witness th...
2/7/2017 at 9:31 AMPermalink
 Mish - Global Economic Analysis
Italy Increasingly Likely to Abandon the Euro  (1)
No surprise. For as long as I can remember, Italy has always (at least since WWII) had their way with the Lira by saying "We believe our Lira is strong, and we won't devalue it", and then they'd go and devalue it. Then they'd apologize and promise that they would never do that again, until the next time. Then they'd redo and revamp the government for the umptennth time, and say "We want a strong currency, exce...
2/7/2017 at 9:22 AM  1  0  Rating :  1 Permalink
 Jason Hamlin - Gold Stock Bull
Bitcoin Moonshots to $1,150, Doubling in Past Six Months
Ok, so you say: "In a fully decentralized monetary system, there is no central authority that regulates the monetary base. Instead, currency is created by the nodes of a peer-to-peer network. The Bitcoin generation algorithm defines, in advance, how currency will be created and at what rate. Any currency that is generated by a malicious user that does not follow the rules will be rejected by the network and thus...
1/7/2017 at 5:38 AM  1  0  Rating :  1 Permalink

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