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Well, if someone on TV says it's over, who cares what the actual interest rate differential is between the two countries. /sarcasm I'm not saying I know what it's going to do this week, but absent a policy change, I would not claim anything is over. The media is always selling something.

Down again for me. What a day to be down.

Deflection much? Provably false statement. You been living under a rock? Ever hear of Ron Paul? http://www.ronpaulforums.com/showthread.php?288217-Ron-Paul-introduced-a-bill-to-audit-all-gold-owned-by-the-US Actually they do. They do audits all the time. You're not doing very good with...

An audit. A real financial audit by a top 50 or so auditor. That's not some weird exotic unreasonable request. That's basic "how not to get screwed 101." Audited financial statements are not a guarantee, but it at least gives you a starting point. You still need to apply the "does anything...

Correction 5 billion :D

Then why is nobody else doing it? Keep in mind the previous record holder was Bernie Madoff. Go look at their other claimed holdings besides us treasuries, they claim to have 3+ billion of dollars in precious metals holdings. 5 trillion in secured loans. The best case scenario is that they...

I'll admit I had to look much of it up. I knew there was an upper limit on purchase size for non auction purchases in a single offering, but I don't have the kind of money to worry about it personally. At my level, I can just log into treasury direct, not have to be part of the auction...

And you show us how you don't understand the market and it's mechanics. If you'd been watching the yield curve, you'd know that to get ~5% on their money, they have to be invested in short term treasuries. That means they need to keep re-buying new treasuries. That means on the order of $100...

I don't know if you're deliberately being silly here or what but it's not one bond purchase and one wire transfer here. Even with a major primary dealer, they'd have to spread the money around all over the place. Go look at primary dealer stats and offering size stats...

How many treasuries? How many people are handling the buying and selling of the out of the only ~100 people they have? Maximum size for a treasury is $5mil if not part of the competitive bid process. Even if they participate in the auctions, there's a cap of 35% of the offering. Given the...

They're even beating the previous record holder for AUM to employee ratio: Bernie Madoff. You don't need to prove it's fake you just need to see that it's shady and realize there are other things in this word to invest in. There are a significant number of old hands on Wall Street who have...

Because it's not a real inflation hedge. An interesting thing about the whole "crypto is an inflation hedge" nonsense is that one can actually compute the previous correlation between the price and their favorite inflation metric. If you bother to do that, you find out it sucks as an...

Holy crap what a ridiculous concentration of risk. I'm going to rotate more out of SP500 funds and more into SP500 "value" to cut my exposure to super high PE ratio unicorns. I wonder how many people have 30% of their retirement funds concentrated in 7 stocks and don't even know it.

How much of the purchases of crypto are actually from miners vs previous holders? I think it's also going to be complicated because of tether, futures, etc. To try to simplify: Imagine you have a non-productive asset of fixed supply. If the market cap is going up, money must be going in...

No I'm pointing out that grabbing random famous people and making an argument from authority is silly. Rich and famous people are wrong all the time, even one of the most successful geniuses of all time. (Who by the way was director of Britain's currency.) You were so lazy you'd didn't even...

You just admitted that you fell for it. You level of emotion suggests that you're probably lying about 1%. You seem awfully emotional, enough that you are making this personal. First, Issac Newton fell for the South sea bubble. Claiming some famous wealthy person supports whatever bizarre...

Very telling how Bitcoiners jump right to personal attacks rathers than any sort of reasoned argument. So this incoherent nonsense is trying to say what? The copyrights, patents and trademarks are commodities too? Commodities trading has been around for thousands of years. There is a well...

Desperate personal attacks. That sounds like someone who's got the future of commerce all figured. That's sort of like the government deciding pizza is a vegetable for school lunch reasons. I am not at all shocked that commodities exchanges have found a way to get commissions. Nor am I...

Nope. Not in your wildest dreams. Commodities are generally inputs to industrial processes. Cocoa goes into the factory, chocolate comes out the other end. "What is a commodity? Commodity or exchange-traded commodity is an economic good, usually a resource, that is traded on an exchange...

It's not hard. Bitcoin is backed by nothing. It's not a stock. Not a bond. Not legal tender for all debts. It has no earnings and no assets. It's pretty much like a collectible. No one is obligated to accept it for anything. You're the literally expecting that past results indicate...