Bay 12 Games Forum

I just typed a bit of a rant about how bitcoin is a ponzi scheme and then deleted it. Suffice to say, if you buy a bitcoin your money is better off burned in the street. It's akin to buying money to spend that money [hopefully in the future]. If you even believe you're buying bitcoin on the 'markets' you can 'buy' them from anyway.. It's all probably made up exchanges. The only money to be made is daytrading it. But I also say that is something to stay about 10,000,000,000 lightyears away from for the aforementioned reason, it being a made up exchange to trade it on.

Hey, thanks! I've been trying to get the point of that article myself. Tried searching for the word "petrodollar", found a bunch of "economic collapse" preachers and some leftist blogs that were just patting each other on the back.

You've now found the mysterious place of the internet we call 'gold bugs' who use anything to try and justify the US dollar being worthless in their eyes. The petrodollar falling apart may be reality one day, but the people who preach it currently are the same people who tell you to buy gold or bitcoin.

I'm actually pretty sure Death of the Petrodollar is one of the most common titles ever. And entirely misleading when used in every case.

That article is not about that subject.

To be fair, the writer of the article is rather clear about what the point of the article is, which is selling people his 'service';

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Also; Knit Tie, if you want the answer to my question I asked you, here you go. And further actual information.

Petrodollars leave for the first time in 18 years

Would you mind explaining the implications of this to the uninitiated? :]

Russia has revised it's 2015 growth prediction from +1.2% to -.8%, thanks to oil and sanctions.

Russia's central bank being blamed for the Ruble dropping by insane right wingers.
Best quote: "Its bosses are officially abroad. I am assuming that it will do the maximum evil. The Central Bank will do everything to have the ruble rate fall."

Except if the central bank were intervening more, it'd just be easier to drive it down due to the predictability of their trade corridors. And I've said it before, the more of their reserves they spend, the easier it is to lower their credit rating. It's a shame people like Fyodorov can even get a position as a 'lawmaker' on the Budget committee even with his glaring ignorance and arguably dangerous rhetoric.

This just in; the nu-USSR suppresses dissent, especially from minorities

This topic is hilarious.

Meanwhile, Ukraine is screwed. And about to freese.

I'm sorry, this was completely unsportsmanlike.

Anyway, can we please talk about something else than Russian economics? Here's a ballet in Mariinsky theatre.

http://www.bloomberg.com/quote/RUBUSD:CUR

Ignoring the consequences of actions doesn't make them disappear. Putin is happy that you don't want to talk about the impending unwinding of all the work he's done to build an empire for himself and his close friends.