L$717,618,852 And Growing

Still on track to hit L$1/billion by the end of the year...
The L$ will be aheading into the toilet... Selling now,
buying back later...

I sense this person has some hidden agenda behind this hype, because it keeps trumpeting negative stuff whereas reality is otherwise. He didn;t mention how many new members have joined and how the per capita has reduced.

Either the Reserve has a unscrupulous agenda by profiteering from scaring the common members or he has not a clue of basics of Economics. You decide!

RBD I can see the growth and if I normalize the May data to 4 weeks I get a monthly growth of 42 milion. For June however normalizing the 3 weeks data and making it 4 weeks gives me a growth of 34.7 million. The average exchange rate on the LindeX grew from L$330/1 at the beginning of May to L$337/1 to the end of May. Now with the slower growth rate of the money supply the exchange rate on the LindeX has dropped from L$336/1 at the beginning of June to L$331/1 at present. Has it ever occured to you that just maybe LL knows what it is doing and the exchange rate is stabilizing?

Babu, you and I have been members for the same amount of time and you are way behind in your number of forum posts.

My main has RBD in the dust. This ones for laughs. Alot less lindens per capita now..let the market correct itself.

How many of these "new members" have contributed to the GDP
in such a away as to force the demand for L$ to trigger the money supply
to grow?

You don't have a clue of basic economics. You don't grow the money
supply just because the population grows. The population has to begin
to stress the money supply to a point which is corrected by a money supply
increase.

Let me bring you back up to speed on Econ 101.

Yeah right.... This period is called the (Dead Cat Bounce).
You might be new, because the L$ has fallen from L$250 to L$330
since Oct. 2005 with brief pauses that caused a rise, then back
down once again... Nothing has changed, just wait and see...

Yup... Another n00b who is clueless on L$ History.....


Aug 2004: L$175
Oct 2005: L$250
Jun 2006: L$330

Correct me if I'm wrong n00b, but that looks like a downward
trend to me. And as the L$ declines, the money supply rises in lock step.
Flooding the market with more and more paper, causing the L$ to be
devalued. And with it, everything priced in L$.

Hopefully this continues and the $L hits 500/1usd. Then they'll really be worth buying. How many people consider the fact that the BUYERS just decided 250 wasnt realistic? How many people have considered that the ultimate balancing factor might just be that point where you can no longer sell your stipends to pay account cost? Thats the ratio i see. Closer to 500$L / 1$usd. Might take us another year to get there but thats the mark where i make MY business decisions. Anyone ignorant enough to plan business at anything more favorable to sellers is preparing for disaster rather than preventing it.

~coughs~ ok everyone ignore this wannabe banker

Go right ahead, once less joker to comment on my postings. n00b

You know, I'm almost amazed he doesn't recognize me. Almost.

What we really need is a commodity to store L$ Value....
Something that is akin to Gold in SL. Its gotta be:

a) Semi-Rare (Gotta have enough for liquidity)
b) Desired (Always has more demand than supply)
c) Only quoted in Linden Dollars (This will force people to Buy L$)
d) A LindenX Commodity Market to Trade it.


Of the requirements above, (b) is the hardest to fill. In the real
world, Gold is just desired for is luster. Wars have been fought
over gold. But in SL, there is no one thing that exists or can be
created (currently) that everybody must have a piece of. Maybe Prims
if they could be made finite and disconnected from land. Instead of a
plot of land maxing out at XX amount of prims. You would just own
any size plot of land and have a license of prims you can use. A number
which you can buy and sell...

In any case, without Linden Dollar denominated assets, there is no
incentive to hold L$ in anything of value. As such, selling it for USDs
become the primary objective once L$ is acquired.

I thought you hit the ignore button on me.. Don't be a slacker,
lead the way.. Or is your talk cheap?

Only as cheap as that fake financial degree you have.

Ok I only have two months worth of data to work with here since I am a n00b but I get the money supply growing by 8.2% in May alone while the June extrapolated data yields a 5.0% growth rate. Since you seem to have all the data what were the growth rates during the time that the exchange rate went from L$250/1 to L$300/1?

This "Dead Cat" Bounce has lasted a month now and may continue. See you in September at 300 to 1.

Just consider that if they do reach 500 to 1 that either there will be a recession, or everything that was priced at 300L will now be 500L. Nothing will be gained or worth buying anymore than it is now because you'll just need more.
Oh and it won't reach that high either. What are you basing it on?? The least they are worth is 361 to 1 with a yearly account and not everyone has a yearly account.

Convieniently forgetting that all new accounts start with zero Lindens and get zero stipend. Demand is growing, supply is slowing per capita. That's as econ 101 as it gets.

Just because the Linden has declined over the past few months doesn't mean that trend will continue indefinately despite the changes that have been made. You can't look at a graph and say "yep, it's been going down, guess that means it'll go down forever".

If you owned stock in a company and saw the stock of that company increase every month for 12 months, would you also assume the stock will continue to rise forever and ever? No, because circumstances change and you'd be a fool to own stock and never look to see what your company and others are doing that may alter things. Such as they have here.

Limit buys, removal of dwell, cutting of stipends for new accounts, no starting balance for new accounts....

Convieniently forgetting that all new accounts start with zero Lindens and get zero stipend. Demand is growing, supply is slowing per capita. That's as econ 101 as it gets.

Just because the Linden has declined over the past few months doesn't mean that trend will continue indefinately despite the changes that have been made. You can't look at a graph and say "yep, it's been going down, guess that means it'll go down forever".

If you owned stock in a company and saw the stock of that company increase every month for 12 months, would you also assume the stock will continue to rise forever and ever? No, because circumstances change and you'd be a fool to own stock and never look to see what your company and others are doing that may alter things. Such as they have here.

Limit buys, removal of dwell, cutting of stipends for new accounts, no starting balance for new accounts....

Agreed!

All your favorite old RBD tunes in one smash hit collection!

Who can forget the timeless classics like: "Market Crash!"

Sing along with the "Dead Cat Bounce"

Dance the night away to "You don't pay for your stipends!"

and the "HyperInflation" tango

March in step with the "Anti-stipend jazz band"

Bonus tracks includes "Go Go Gold Standard! Bounce me an ounce for my insider secret!!"

And what collection would be complete without a tribute to... The King.

That would go great next to my Richard Simmons collection.

And for a limited period only, buy it with Jamie Bergman's smash hit single. A tribute to the classic song by the Beatles

"Back to the USSR"

LOL