I don't get the merging of crypto into the banking system. The problem with the banking system is corruption and immorality. Derivatives are immoral. Usury is immoral. Naked shorting is immoral. When our banking system was tied to a gold standard there was restraint from "quantitative easing" and destruction of a stable currency. Stealth inflation has distorted the economy by stealth transfer of wealth from the many to the few, then the very few and now the very very few. Enough already.
How about Trump's Chief of Staff 'n Comrade, Suzie Wiles? Private/Public Uniparty Queen who understands the language of the lackeys well. Campaign manager of RINO-wing-nuts across the country - Lobbyist taboot. I am sure she is a very sweet gal... great for the 1-2-percent. Power is not to be conquered - it is to be destroyed and not acquiescent to a stultified mediocre system.
.... how many times does it take for society to see a a well-choreographed stageplay - to realize they're watching a well-choreographed stageplay? The business of government is war - and it's a war against you.
I wish they would FULLY deregulate banks. But they’re only gonna remove the regulations that are inconvenient for the big ones. It’s like the rest of the economy. Big corporations like some regulations because they disproportionately hurt small businesses.
The free market provides its own accountability when it is allowed to operate. If there is no FDIC insurance then people will be much more careful with there money. They won’t deposit it with these institutions like BOA who are taking massive leveraged risks. Depositors would actually do their homework to make sure a bank is safe with its deposits, and has a large cash reserve.
FDIC creates a moral hazard where no one cares how risky banks are.
The system works only because of trust, its sad but true, people trust that others will have their best interest in mind. The financial crisis was brought about directly by deregulation which led to wild speculation, and then we were forced to bail out the system, (you included). So much for moral hazard. IMO, there must be some parameters AND accountability.
But there was still lots of regulation such as FDIC. If there is no government guarantee of deposits, then people will actually have to research what bank they use, instead of just using whichever is most convenient.
This would mean people would choose banks that take less risk since their deposits would be more safe. That would create a large incentive for banks NOT to speculate massively and make risky loans like they did before 2008.
It is actually regulation (such as FDIC) which creates the incentive for banks to take MORE risk.
To add to that, we already have a situation where we have regulation, yet banks do whatever they want with people’s money anyways. At least with no regulation there would be much more competition, where smaller institutions wouldn’t be crushed by the system to benefit the larger ones.
You like the Wild West huh? Right now, cryptos are unregulated, there’s no recourse if an exchange goes under or someone steals your cryptos. Is this what you’d want for your checking and savings account?
Sounds like this is leading to the mark of the beast system. ELON AND TRUMPS NEW WORLD ORDER COMING SOONER THAN WE THINK
Bitcoin is stairstepping the fibs perfectly. Bitcoin $110k is next. 👍 😃
Bitcoin Daily Chart:
https://www.tradingview.com/x/BSo32xAl/
I can't vote Google/YouTube banned me 😆
But obviously this is just a stepping stone to the CBDC hell on earth!
Will be incredible wealth, IF people get out in time AND buy REAL things/tangible assets
Me too!
Congratulations!✊✊✊
So, obviously I can't sub to your YouTube channel
Absolute garbage. It will not help anyone!
Bitcoin is not a currency for a government, it's a decentralized global currency for the people.
Altcoins (Tokens) are centralized Ponzi Schemes and should be avoided
... the guards sing louder to avoid hearing the screams from the trains.
Great advice. I wish I would have known this sooner.
Really?
2008 crash
2009 Bitcoin 🤔😆
Bitcoin is the ultimate government project
I don't get the merging of crypto into the banking system. The problem with the banking system is corruption and immorality. Derivatives are immoral. Usury is immoral. Naked shorting is immoral. When our banking system was tied to a gold standard there was restraint from "quantitative easing" and destruction of a stable currency. Stealth inflation has distorted the economy by stealth transfer of wealth from the many to the few, then the very few and now the very very few. Enough already.
No the Black Rocks will have a field day
Thank you
The die is cast. Nothing will change.
Everything is for the financial gain of themselves, not the little guy.
Deregaulating the banks must have something to do with the QFS blockchain.
I don't know much about it at all.
How would you like it if the FED went Bye-Bye? Could that happen?
I really like the real Americans that Trump has put in charge of the different Departments.
How about Trump's Chief of Staff 'n Comrade, Suzie Wiles? Private/Public Uniparty Queen who understands the language of the lackeys well. Campaign manager of RINO-wing-nuts across the country - Lobbyist taboot. I am sure she is a very sweet gal... great for the 1-2-percent. Power is not to be conquered - it is to be destroyed and not acquiescent to a stultified mediocre system.
When Trump and Brandon met today in the White House, they shook hands with a Masonic handshake, right there on national TV for everyone to see.
.... how many times does it take for society to see a a well-choreographed stageplay - to realize they're watching a well-choreographed stageplay? The business of government is war - and it's a war against you.
The Founding Fathers well understood that. Somehow a lot of people have lost that understanding about the nature of government.
... more of us are learning we're not here to serve their needs.
The more the merrier, the sooner the better.
It doesn’t help me.
I wish they would FULLY deregulate banks. But they’re only gonna remove the regulations that are inconvenient for the big ones. It’s like the rest of the economy. Big corporations like some regulations because they disproportionately hurt small businesses.
You believe that banks should be allowed to do anything that they want with depositors cash with no accountability?
The free market provides its own accountability when it is allowed to operate. If there is no FDIC insurance then people will be much more careful with there money. They won’t deposit it with these institutions like BOA who are taking massive leveraged risks. Depositors would actually do their homework to make sure a bank is safe with its deposits, and has a large cash reserve.
FDIC creates a moral hazard where no one cares how risky banks are.
The system works only because of trust, its sad but true, people trust that others will have their best interest in mind. The financial crisis was brought about directly by deregulation which led to wild speculation, and then we were forced to bail out the system, (you included). So much for moral hazard. IMO, there must be some parameters AND accountability.
But there was still lots of regulation such as FDIC. If there is no government guarantee of deposits, then people will actually have to research what bank they use, instead of just using whichever is most convenient.
This would mean people would choose banks that take less risk since their deposits would be more safe. That would create a large incentive for banks NOT to speculate massively and make risky loans like they did before 2008.
It is actually regulation (such as FDIC) which creates the incentive for banks to take MORE risk.
... imagine lending rate competition among banks - what a novel idea.
To add to that, we already have a situation where we have regulation, yet banks do whatever they want with people’s money anyways. At least with no regulation there would be much more competition, where smaller institutions wouldn’t be crushed by the system to benefit the larger ones.
Beautifully stated in regards to big banks wanting deregulations that suit their interests.
You like the Wild West huh? Right now, cryptos are unregulated, there’s no recourse if an exchange goes under or someone steals your cryptos. Is this what you’d want for your checking and savings account?
... look over here - not over there. Can't burry cryptos in the backyard. Not even if your parents say it's okay. ;-)
Yes, read my reply to Greg for my explanation