Well my college education is in programming, so I get it. But I wasn't really talking about robots so much as the computer inside them. And I was trying to say the skillset given to them is more effective, more alerting, and more responsive than we can be ( 24/7 ).
The day AI realizes we're who is screwing up the planet and our societies, we become the target.
Secondly, I disagree with you about cryptos failing at the same time as cash & credit, and I submit that 90%+ of them will, but a handful will be the new solution to the crisis. Our new money.
The Fed may introduce their own version, but block-chain is the future, it's the old legacy system that is dying.
And if you still think the crypto will end along with cash, buy Silver.
Believe me when I say I personally want to build up some crypto because I believe in it, but as a contingency plan I already have over 2700 ounces of Ag.
But as of right now, if you wanted to cash out of your cryptos you would transfer into either the U.S. dollar or some other "fiat" currency as the misguided core of crypto pumpers like the poster boy for the bitcoin bubble, Jeff Berwick (Dollar Vigilante), guides. Face it, if you want out you convert to dollars, or yen, or yuan, or, euros. That's the way it'll be until all of the "fiat" currencies collapse. I'll just wait until there is only the dollar vs whatever the other remaining fiat currency is left to compete with bitcoin. Since I believe the dollar would be the very last surviving fiat as they all move towards Dollar Virgil's "fiat collapse," I'll make my very first bitcoin buy no sooner than 1 day after the other fiat left still standing besides the dollar collapses. I certainly want to be there for the 1000% 1 day gain in the dollar when the other remaining currency drops. I suppose you think ALL fiat currencies are going to collapse on the exact same day at the exact same second of the day...right? :-)
" I suppose you think ALL fiat currencies are going to collapse on the exact same day at the exact same second of the day...right? :-) "
but FYI, it wouldn't surprise me in the least if we see something economically happen by end of September when Fed runs out of budget, and can't raise the debt ceiling any more by law.
And at that time I'll be grateful if i owned some crypto, but if you want to buy any of my silver yo better bring some real estate, a car or something of real ( deflated ) value, because I won't be accepting Dollars.
I'm sure it's not lost on you that the Louisiana Purchase was handled in Gold. But whatever.
PEACE
Oh, I didn't say you said that. I just said it is more likely that they won't all collapse on the very same second of the very same day. Imo all the fiats will survive. They will just all get crushed as the world runs to the "safety" of the U.S. dollar and U.S. treasury debt, just like in 2008. Not sure if you realize it but 1 year treasuries were being bought at a negative interest rate during the height of the 2008 meltdown. The same thing will happen again this time. Gold is like everything else, a depreciating asset during a deflationary environment. A gallon of gas is already below 2.20 here where I am. By Sept it will more likely be below 1.50. I figger gold will be below $1000/oz. Silver? ehhh, somewhere belowst $10/oz I imagine as it is also a metal with industrial uses.
have you ever hear of Venezuela. They are already in the poop, their bolivar has collapsed, there 1 ounce of Gold will buy you a HOUSE, there 1 ounce of Silver will buy you multiple months of food.
Look at the price of Silver there: 166.27 per ounce...
http://www.livepriceofgold.com/silver-price/venezuela.html
Please don't preach to me about 10 Silver or whatever. I already know better.
Later
I don't consider Venezuela's currency a "reserve" currency. Nor do I consider Russia's currency a reserve currency. Both are too reliant on one asset >>> oil. And oil is priced in dollars. Thus Venezuela's problems. I'm not preaching either. I'm giving you my opinion, nothing more, nothing less.
Also, I wouldn't even consider buying gold or silver as a long term hold going into a deflationary environment like the fast approaching the U.S. I trade the deadcat bounces. I outline those trades at my blog. Currently short SLV until next fri and long GDX until 7/21. Longer term both silver and gold move looower. ALOT lower too.
That's great Joe. But here is the problem from my prospective with playing the markets.
I've bought silver hundreds of times. Literally. I'm not a day trader and I don't have a crystal ball, sometimes I get lucky and buy the dip ( dollar cost averaging ) sometimes I buy AND THEN it dips as if it were just waiting on me to spend my money. Shit...
And let me tell you what I've learned.
If you think you are going to jump in and buy your gold or silver in the 11:57 hour before the collapse you are wrong. It's not just a supply and demand issue, and it's not just a delivery issue as services are in limbo, the real problem is where you going to get 50k in liquid cash to buy the silver and how do you know you'll receive several days in to the collapse. Because you won't.
PEACE my Brother.
No problem, Roger. I understand your perspective totally and a long term holder should in fact employ a dollar cost ave program. I just started spewing about how the dollar is setting up here for a great initial buy point in a dollar cost averaging program over time. I will post that trade at my blog when I make the trade in teh options personally. I saw your intro post btw. I see that you want to build a home out of shipping containers. I'm wroking on getting some free shipping containers from this company in bankruptcy by placing "strategic" buys at every point where it looks like a rally may come from. DRYShits getting close now to another buy for me. :-)
Just waiting for today's 1.46 low to get taken out and my short term buy signal to materialize. If it rocketships higher...I win! If it goes belly up...I win! :-)
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=drys&x=35&y=12&time=18&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11