Message from @The Electric Lizard

Discord ID: 626820082265358336


2019-09-26 16:13:25 UTC  

which would be likely if he was forced to extend

2019-09-26 16:13:37 UTC  

Since they would most likely be whipped to only vote for no deal

2019-09-26 16:14:53 UTC  

if he got an extension, didnt appoint an EC member.. AND got a mojority in a GE... that would be the trifector

2019-09-26 16:15:22 UTC  

as he would then have massive leverage on the EU PLUS a majority to put a deal through..

2019-09-26 16:15:55 UTC  

and since it would probably be negative towards the EU, there wouldnt be enough eurolovers to kill it

2019-09-26 16:27:39 UTC  

and unicorns are real

2019-09-26 16:27:57 UTC  

and you can have your pie and eat it too

2019-09-26 16:28:14 UTC  

<:pepelaugh:544857300179877898> <:pepelaugh:544857300179877898> <:pepelaugh:544857300179877898> <:pepelaugh:544857300179877898> <:pepelaugh:544857300179877898>

2019-09-26 16:31:02 UTC  

i mean, it is possible that there's a clause in the EU treaties that causes the EU to collapse

2019-09-26 16:34:49 UTC  

bitcoin crashing again

2019-09-26 16:35:18 UTC  

20% loss in about 3-4 days

2019-09-26 16:35:25 UTC  

Digital currency will never really be stable

2019-09-26 16:37:38 UTC  

It's almost like currency with "stable value" has been tried already, and turned out to be quite terrible for general usage.
It was called gold standard.

2019-09-26 16:38:09 UTC  

Bring back the Gold Standard

2019-09-26 16:38:23 UTC  

It worked

2019-09-26 16:38:29 UTC  

Gold standard keeps its value in the long term.

2019-09-26 16:38:30 UTC  

And inflation wasn't as bad

2019-09-26 16:38:46 UTC  

It would reduce growth but it would make the growth stable

2019-09-26 16:39:02 UTC  

But it is _way_ less stable

2019-09-26 16:39:09 UTC  

go look at charts

2019-09-26 16:39:13 UTC  

The value of Gold barely changes

2019-09-26 16:39:20 UTC  

It has a very fixed value

2019-09-26 16:39:25 UTC  

That is why it works

2019-09-26 16:39:29 UTC  

yeah, now that it's not used as the main currency

2019-09-26 16:39:40 UTC  

Modern Currency isn't backed up by anything it is simply an article of faith

2019-09-26 16:39:44 UTC  

go look at charts pre and post gold standard\

2019-09-26 16:40:14 UTC  

What you will quite clearly see is that gold standard is way less stable

2019-09-26 16:40:17 UTC  

If we brought back the Gold Standard it would make the economy much more stable because currency would actually be backed up by something

2019-09-26 16:40:32 UTC  

Goo look at the charts

2019-09-26 16:40:44 UTC  

because what you're saying just isn't the reality

2019-09-26 16:40:49 UTC  

it has already been tried

2019-09-26 16:40:59 UTC  

UK has tried to go back to gold standard

2019-09-26 16:41:18 UTC  

and it was a catastrophe

2019-09-26 16:42:19 UTC  

our current currency has a small degree of inflation most of the time

2019-09-26 16:42:24 UTC  

but it is _stable_

2019-09-26 16:43:02 UTC  

It would be more stable if currency was backed up by something, It doesn't have to be the Gold Standard but we should have the currency backed up by something, It is simply an article of faith if we don't

2019-09-26 16:45:36 UTC  

the problem with gold standard (at least if many countries apply it) is that the country with the most gold controls the worlds banks

2019-09-26 16:46:13 UTC  

its easier to crash the gold market than a currency

2019-09-26 16:47:08 UTC  

when greece defaulted its debt in around 2014 I remember I had a gold long order ... and it crashed the gold market

2019-09-26 16:47:21 UTC  

I switched to short and made about 10k over night

2019-09-26 16:47:59 UTC  

because the EU demanded they sell assets and gold reserves