// #politicaldebate — 2018-11-17
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18:25:00 <e|f> Goodnight, AustNet. bbl ^_^
23:43:00 <Tim-Sim> https://www.news.com.au/finance/economy/australian-economy/viral-graph-shows-house-price-danger/news-story/8ef84bdc2aaa5bb589aa77da5522d45b
23:44:00 <President_Trump> lol
23:44:00 <President_Trump> old news
23:46:00 <Tim-Sim> Australia's house price to disposable income ratio is higher than any other nation on planet Earth
23:47:00 <President_Trump> old news
23:47:00 <President_Trump> labor ending negative gearing is going to collapse it
23:48:00 <President_Trump> royal commission has stopped banks lending
23:48:00 <Tim-Sim> they should tone down the stamp duty too
23:49:00 <President_Trump> they are fucking crooks
23:49:00 <Tim-Sim> imagine how much revenue the government must be losing from less stamp duty as house prices drop
23:49:00 <President_Trump> well they arent getting any stamp duty revenue anymore
23:49:00 <President_Trump> its not the prices dropping thats reducing it, it is because there are hardly any sales anymore
23:50:00 <Tim-Sim> yeah
23:50:00 <Tim-Sim> but if house prices fall, they will get less stamp duty
23:50:00 <President_Trump> yeah they will, but the biggest drag is lack of sales
23:51:00 <Tim-Sim> there must be a crossover point
23:51:00 <President_Trump> SELL REAL ESTATE, BUY BITCOIN!!!!!!!!
23:51:00 <Tim-Sim> lol
23:51:00 <Tim-Sim> buy XRP
23:51:00 <President_Trump> TRADE OF THE DECADE
23:51:00 <Tim-Sim> XRP has a promising future
23:52:00 <Tim-Sim> world wide adoption
23:52:00 <Tim-Sim> be central banks
23:52:00 <Tim-Sim> by central banks
23:52:00 <President_Trump> is xrp limited in supply?
23:52:00 <Tim-Sim> no
23:53:00 <Tim-Sim> the technology is being pushed to replace swift
23:53:00 <Tim-Sim> xrapid
23:53:00 <Tim-Sim> XRP is now coin number two on coinmarketr cap
23:53:00 <Tim-Sim> it has over taken Ethereum
23:53:00 <President_Trump> yeah i saw that
23:53:00 <President_Trump> dont some of the banks use it here?
23:54:00 <Tim-Sim> yes
23:54:00 <Tim-Sim> ANZ I think
23:54:00 <President_Trump> have they written anything about it
23:54:00 <Tim-Sim> maybe more
23:54:00 <Tim-Sim> dunno
23:54:00 <President_Trump> nah its a red one i remember, nab or westpac
23:54:00 <President_Trump> maybe more
23:54:00 <Tim-Sim> ans Westpac
23:54:00 <Tim-Sim> more banks signing up everyday
23:55:00 <Tim-Sim> huge German bank signed up, not sure which ones but if it was Deutsch Bank then that speaks volumes
23:56:00 <President_Trump> didnt they almost go broke?
23:56:00 <Tim-Sim> probably
23:56:00 <Tim-Sim> from bailing Greece, Ireland, Spain, Cyprus
23:57:00 <Tim-Sim> Iceland jailed their bankers
23:57:00 <President_Trump> a good strategy would be just to accumulate until the powers that be want to create a crypto bubble again
23:57:00 <Tim-Sim> yeah
23:57:00 <Tim-Sim> very speculative
23:58:00 <Tim-Sim> not sure how much is hype
23:58:00 <Tim-Sim> but even hype can be profitable
23:58:00 <e|f> just call Elon Musk and ask him what he's betting on
23:58:00 <President_Trump> bitcoin went to 18k on hype, shads bought it
23:59:00 <Tim-Sim> Elon Musk is too busy smoking bongs and dreaming up unrealistic pipdreams
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