Lane: Decrypting "Crypto" | Forex Factory

  • Lane: Decrypting "Crypto"

    From bankofcanada.ca

    Good afternoon. Some of you here today may have purchased bitcoins or one of the other cryptocurrencies or products that have launched in recent years. I’m not here to give you investment advice about them. Rather, I want to share with you our current thinking about these virtual products. Investors worldwide have taken an increasing stake in them over the past few years, even as their market values have fluctuated widely. Around 2,000 crypto products are now available, with dozens more launching every month.1 Trading volumes have grown almost 100-fold in just the past two years. Media interest in them has inflated ... (full story)

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sidhujag
Oct 1, 2018 4:45pm
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Quoting NewtonsCash
An interesting take on moneys future from someone who prints money at will and gives it to his friends (as do all central bankers) , no work goes into Fiat currency, unlike Gold or Silver or Bitcoin Fiat merely comes into existence at the press of button, no cost of accrual is incurred. Hence why all Fiat currencies in history have vanished to their true value, which is Nothing, Zero, Zip, 0 !! Hence why Wall Streets greatest ever banker JP Morgan (not to be confused by the corporation that has hijacked his illustrious name - like the company Tesla)...
yup couldn't have said it better.
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NewtonsCash
Oct 1, 2018 1:08pm
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An interesting take on moneys future from someone who prints money at will and gives it to his friends (as do all central bankers) , no work goes into Fiat currency, unlike Gold or Silver or Bitcoin Fiat merely comes into existence at the press of button, no cost of accrual is incurred. Hence why all Fiat currencies in history have vanished to their true value, which is Nothing, Zero, Zip, 0 !!

Hence why Wall Streets greatest ever banker JP Morgan (not to be confused by the corporation that has hijacked his illustrious name - like the company Tesla) said , "Only Gold and Silver are money, everything else is just credit" - had he lived today he would, I'm sure have loved Bitcoin and it's buddies, and loathed Fiat for the centrally manipulated joke it has become
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Not-KPMG
Oct 1, 2018 3:06pm
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Quite long blabber, saying nothing

Bla...money...bla...risk...bla...opportunity... Blaaaa...government crypto LOL
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