Bank lending could dry up in crypto-currency economy, warns BoE's Cunliffe | Crypto Craft

Bank lending could dry up in crypto-currency economy, warns BoE's Cunliffe | Crypto Craft

Bank lending could dry up in crypto-currency economy, warns BoE's Cunliffe

From reuters.com

The rise of digital currencies such as Facebook’s (FB.O) Libra could lead to a drying up of credit flowing into the broader economy, Bank of England Deputy Governor Jon Cunliffe said on Friday. Central banks are grappling with the implications of crypto-currencies for their economies, and the BoE has previously warned that risks from Libra and other new forms of payment must be considered carefully before they can get a green light. Cunliffe said it was possible that so-called stablecoins linked to big technology and social media platforms could lead to people moving much or all of their money away from bank ... (full story)

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Feb 29, 2020 4:45pm

Quoting iamsovereign

Disliked

{quote} OK photoshop--- lets do this one more time--- thats what Im telling you..... we were on the gold standard well after the so called great depression. So that makes your statement wrong!!... you moron... So moron ... tell me when did we (the usa) get off the gold standard.... it only takes a duck go duck go... we already determined you dont like evil.... so no google for you... right? Here is a hint it was during the Nixon administration..... its the FED that caused the wars and the expansions and contractions..... ie depressions...

Ignored

No, let's Do it again dumbo(2), because you still not get it.

Most people think it was under Nixon, because most uneducated just read headlines and believe.

It was in 1933 dumbo(2) when America EFFECTIVELY went OFF gold standard. It was FORMALISED under Nixon.

WHY 1933 you ask?

I already told you dumbo(2)

To get out of depression.

I also told you the reasons and mechanism.

I already told I know about Fed causing these problems, I am talking about what got America OUT of this depression problem.

I also told you that in my previous post.

I thought dumbo(2), was supposed to be new, improved version of dumbo.

But I'm not sure, you seem dumber than dumbo.

Please read properly before replying in future ok, or just keep looking silly ok dumbo(2)?

Ok?

2

Feb 29, 2020 5:26pm

Quoting iamsovereign

Disliked

{quote} you seem to actually believe what your saying----- your a total and complete moron

Ignored

You think Fed formed in 1913 to rob citizens of their money, would wait until 1971 to rob people of their wealth??

To believe THAT is was is ludicrous dumbo(2).

Tell me specifically where I am off the mark with evidence, or just move on dumbo(2).

You are babbling at this point like dumbo.

2

Feb 29, 2020 11:47am

Quoting iamsovereign

Disliked

quote- You know that.. Blaaaa... OUT of the great depression?

totally incorrect. not even close to truth......... read a book by Edward griffin .... called the creature from Jekyll island

Ignored

Hi pal.

Respect 👍 🍻🍻

But..
You can't win in argument with a pigeon 😨 😨

These crybabies bend every truth.
😱😱😨😭

I know a famous liar said Bitcoin is responsible for financial stress etc....😨
Poor lie.

He didn't explain 2008 crisis. Z 😂😨😂

1

Feb 29, 2020 2:50pm

Quoting photoshop

Disliked

{quote} I know about creature from Jekyll Island. I know about going OFF gold standard and money printing, evil bankers and politicians, and plot to control money supply, interest rates, England, have read and understood it. Don't confuse evil with the ability of it to get America OUT of depression. It did. Do you understand why they began going OFF gold standard? How gold standard had them caught between rock and hard place if they didn't go off it? How people were cashing in their money for gold, and so reducing the banks gold reserves during...

Ignored

I dont have time to educate you...... we were on the gold standard at, and during the so called great depression. So the basis of your statement makes no seance from the beginning. we had gov confiscate gold bullion from the people in 1933 then lowered the value on fed Notes. it was the creation of the fed (1913--so called ....central bank) that lead to the the so called great depression. Now 2008 was a different story... LOL constitutionally (in the usa) all currency has to be backed by weight and measures by the troy oz. of gold and silver.... Why.... this protected the little guy with a tangible asset that could be redeemed at any time... by any real banking institution. dont have a clue to what your talking about... your facts are kind of mixed up. I dont like crypto for the same reasons I dont like a non backed fed note. there is no tangible asset backing its value.

regards

1

Feb 29, 2020 3:51pm

Quoting photoshop

Disliked

{quote} Exactly. America was ON gold standard during depression, So they effectively went OFF gold standard in 1933. Then, depression ended. This is what I said, going OFF gold standard mainly responsible for ending depression. I was not talking about Fed, 1913 and causes of depression. I was talking about what ended depression.

Ignored

OK photoshop--- lets do this one more time--- thats what Im telling you..... we were on the gold standard well after the so called great depression. So that makes your statement wrong!!... you moron... So moron ... tell me when did we (the usa) get off the gold standard.... it only takes a duck go duck go... we already determined you dont like evil.... so no google for you... right?

Here is a hint it was during the Nixon administration..... its the FED that caused the wars and the expansions and contractions..... ie depressions...

1

Feb 29, 2020 4:06pm

Quoting iamsovereign

Disliked

{... erent story... LOL constitutionally (in the usa) all currency has to be backed by weight and measures by the troy oz. of gold and silver.....

. I dont like crypto for the same reasons I dont like a non backed fed note. there is no tangible asset backing its value.

Ignored

Hi pal.
I think we agree photobot is not worth it...

But I have question...
You say you don't like FED, not dollars...

And not Bitcoin??

But what do you trust?
Is that gold??
Because I don't think USA has gold...

And trading gold proved risky....
Look last 8 years....
?

2nd question
What about Bitcoin.

Bitcoin is mathematically solid.

It's excellent money.

It's developing technology - think Microsoft in 80s

Bitcoin has people's TRUST.
Like gold... People trust gold... Which is obsolete as two-stroke engine....

So where do you stand pal?

1

Feb 29, 2020 5:28pm

Quoting iamsovereign

Disliked

{quote} I cant believe you got me into this LOL you dont have to trust gold ... it has intrinsic value, but you have to physically hold.... this answers several of you questions....... if you know what I mean. we have talked about this before. yes usa is fraudulent on its monetary system.... so we are fucked and your probably right ... the usa gold has been sold off.... so as for a constitutional monetary system... will trade gold .... I will...

Ignored

Hi buddy

Thanks for the long answer...

God knows I didn't ask for that much

You're right mostly.

Any small questions we can always settle in our crypto thread.
NO CRYBABIES

1

Mar 1, 2020 3:37am — Edited

Quoting iamsovereign

Disliked

quote- You know that nearly all respected economists agree that going OFF the gold standard was 90% responsible for getting America OUT of the great depression? totally incorrect. not even close to truth......... read a book by Edward griffin .... called the creature from Jekyll island

Ignored

So griffin outsmart all of the respected economists

Oh, they were all idiots and liars, right ?

1

Mar 1, 2020 9:48am

Quoting TudorIoan

Disliked

{quote} So griffin outsmart all of the respected economists Oh, they were all idiots and liars, right ?

Ignored

Griffin did not have to outsmart anybody .... Griffin wrote a book historically documenting the coalition on the creation of the fed and the real reasons why the fed was created. All the reasons given for the creation of the fed have failed. This is past history and is apparent. As for the statement- they were all idiots and liars..... I would say they were very smart. Much smarter than most ..... its historically apparent..... unless you believe the lies that a central bank has saved the common people. You can believe what you want.
regards

1

Feb 28, 2020 11:19pm

Limited supply of bitcoin will limit lending ability.
This is logic 101.

Progress is made on the back of credit.

We wonder why technology, health, lifestyle advances were quite slow before fiat was introduced?

Lending will not dry up through banks.

Imagine, millions of people around the world looking for home loans, business loans, car loans, holiday loans, refinance houses.

Sorry, all the bitcoins are lent, can you wait in line until we have enough bitcoin to lend you?

Sorry, no, I'll go to a bank.

learn economics.

less emotion,

look less silly.

1

Feb 29, 2020 4:45am

Quoting Not-KPMG

Disliked

{quote} Photomessoeee LOL Listen to smart people.... Here's a simple fact - bitcoin supply is limited yes. Bitcoin supply is limited to..... ... Wait for it.... .... ... 21 000 000 000 000 00 satoshi. YES 2 100 000 000 000 000 satoshi Duuuuhhh Do you see this as "a problem blaaa credit"???? Not to mention hundred other coins... Not to mention Ethereum etc that have UNLIMITED supply. Duuuuhhhhhh???? Economic...

Ignored

Lol,
With 100 000 000 satoshi making up 1 bitcoin, that's bit like saying there is 21 000 000 000 000 00 1 cent coins in circulation lol.

I haven't done the exact maths yet, but let's say 1 bitcoin = $10,000, that means 1 satoshi is $0.0001 as an estimate.

WOW!!!!

So yes dumbo, I see that as a problem for global lending and finance.
That is if the big power that truly runs this world (banks

), even let's Gang leader coin play their lending game long term, which I seriously doubt.

Even if by some miracle you understand economics, its clear you know nothing about math or reality

1

Feb 29, 2020 4:56am

At 1btc = $10,000, there will be a grand total of $210 000 000 000 ($210 billion) in circulation.
WOW, such a big number

About 2 × Jeff Bezos, for the whole world 😆😆😆
😅😅🤣🤣😜😜

I can't stop laughing at clowns 🐒🐕

1

Feb 29, 2020 5:38am

Quoting Not-KPMG

Disliked

{quote} You're so annoying and confused ... Why are you mixing Satoshis with cents?? Tomorrow one Satoshis could be worth 0.1-5-50-600 cents. Market decides, not you Second - you're not aware bitcoin is money and ASSET So I can keep say 2 bitcoin in my pocket and see it growing to 1 million, while not giving one f..k about imaginary bank problems. What do I care of bank lending? They'll print gazillion...

Ignored

You ask why am I mixing satoshi with cents, as if they have nothing to do with one another.
Then you tell me that 1 day, 1 satoshi maybe worth 0.1-5-50-600 cents?
Satoshi are VALUED in cents dumbo.
They have everything to do with each other.

AND YOU SAY I AM CONFUSED ? 😆😆😆🐒

I was using cents as an EXAMPLE dumbo, to show that even with 21 000 000 000 000 00 Satoshis in the world, it is not much money.

Just like 21 000 000 000 000 00 cents is not much money.

You got it mumbo dumbo?

1

Feb 29, 2020 5:45am

Quoting Not-KPMG

Disliked

I just found this old lies Ohh the fun Old times. Read , laugh at educated crybabies morons! “Why bitcoin will fail” – Apenwarr | $3.12 Yes 3 bucks https://99bitcoins.com/why-bitcoin-will-fail/ Like the gold standard, a successful bitcoin would send our economy back into the dark ages. . . https://99bitcoins.com/wp-content/up...ry-351x185.png “Why Bitcoin can’t be a currency” – The Underground Economist | $0.23 Yes bitcoin was under 1 dollar ...

Ignored

You know that nearly all respected economists agree that going OFF the gold standard was 90% responsible for getting America OUT of the great depression?
No lies dumbo,
Just truth.

What I see about you is this:
ANY negative things said about bitcoin, you brand as a lie.

Your hatred for established ways, is making you blind to logic and truth.

Sorry dumbo.

Can lead a dumbo to class, But can't make him THINK 🤯🙉🙈🙊

1

Feb 29, 2020 6:01am

Quoting Not-KPMG

Disliked

Quoting photoshop

Disliked

{quote} Poor guy. You can't press the Quote button? Well I had OLD mobile too... Okkk. I don't read all your stuff. I see a lie and I stop Soooo You insist INTERNET IS friend of BANKS, politicians etc...?? Gross lie People send billions with apps like Venmo, Amazon, PayPal.... Western Union... Chinawhatsthat... So BANKS Lose Money. So you lied How about Post Office in every country??? How about free speech (kinda) on Internet

Ignored

...

Ignored

...[/quote]
Dumbo, I'm surprised even at this stupidity from you.
ANY money sent over internet is friend to banks.
PayPal, western union, doesn't matter.

WHY?

Because the money is still moving from 1 customer BANK account to another customer BANK account.
BUT GUESS WHAT!

"WHAT" you say.

Banks don't need to pay for lots of tellers to give money over the counter

Banks don't have to pay to produce lots of credit cards transaction booklets anymore. No more "click click machines either.
Customers LOVE ease of internet, buy stuff in America/Europe without getting off their fat bums.

Customers happy.
Banks happy, everyone happy.

Internet STAY!!!

Internet can be used to spread lies also dumbo. Lies about how nice politicians are.
Lies to cover up conspiracies.
Lies to keep people dumb.

You got it dumbo?

China?
China?

You use a communist regime as example of internet NOT being friend of a communist party?

Of course it's not dumbo.

Just like internet banned in North Korea, because crazy guy in charge don't want his people to know there is a MUCH better life for them in SOUTH Korea or America. Even here in Australia which I call home.

But I am talking about western powers dumbo.
America/UK where most powerful banks live.

You understand dumbo?

1

Feb 29, 2020 6:08am

Quoting Not-KPMG

Disliked

{quote} I'm laughing too I'm still looking for the TRUTH in any one of your posts... Still waiting One difference between you and me : I'll go out, enjoy the sun and buy few Bitcoin or Satoshis and Litecoin TODAY. Sue me Out.

Ignored

So what.
I am in bed, enjoying my rest and making fun of Your stupidity.
When Monday comes, I will wait for a bullish retrace of GBPUSD and sell even more Pound, adding to existing sells higher up.

Why would I sue you dumbo?

For being stupid?

Can't sue you for that dumbo unless you hurt me.

But all you do is make me laugh.

So you are safe

1

Feb 29, 2020 6:14am

Quoting TudorIoan

Disliked

{quote} Hey, this moron is a crypto-copro sick 'nobody' and his vanity is hurt everytime when the ugly truth about bitcoin hit his face NixK potty mouth, it's the classical loser pattern, a common crypto monkey who try hard to be 'somebody' You know, he belongs to the Crap Land, that cesspool of lunatics with severe Freudian scatological obsessions that swim 24/7 in their own stinking shit

Ignored

He's a fun guy.
I like him and his silly gang leader crypto ideas.

NOW, get this.

I bet he believes Jeff Bezos REALLY IS the world's richest man

1

Feb 29, 2020 6:32am

Quoting Not-KPMG

Disliked

{quote} You're a liar and a moron. Here. 1 minute Google search dumbooo: PayPal.... From the FAQs: If your account is Verified, there's no limit on the total amount of money you can send from your account. You can send up to $10,000 in a single transaction. And There's NO LIMIT how much you can HOLD in PayPal. Soooo??? Liar, Tell me how's that BANK FRIENDLY???? PayPal circumventing banks...... Like Bitcoin Ohhhh banks LOVE PayPal and...

Ignored

Does PayPal pay interest dumbo?
Can you invest in projects with your money sitting in PayPal?

Who would hold large sums in PayPal for long time dumbo?

I'll tell you who,

people who are dumb.

Dumbo.

1

Feb 29, 2020 6:35am

Quoting Not-KPMG

Disliked

I post for general public benefit.. . Same with bitcoin idea.. .Forex etc.. .. I may have occasionally 1-3% doubt I'm not sure of this number too I say PATIENCE a lot. Sooo overall... I know I can't convince a moron {image} {image} {image}

Ignored

Oh boy,
I agree with your bottom image.
Been trying to hammer logic into your brain of misfiring synapses for a long time.

I need a bigger hammer I think.

1

Feb 29, 2020 2:15pm

Quoting iamsovereign

Disliked

quote- You know that nearly all respected economists agree that going OFF the gold standard was 90% responsible for getting America OUT of the great depression? totally incorrect. not even close to truth......... read a book by Edward griffin .... called the creature from Jekyll island

Ignored

I know about creature from Jekyll Island. I know about going OFF gold standard and money printing, evil bankers and politicians, and plot to control money supply, interest rates, England, have read and understood it.

Don't confuse evil with the ability of it to get America OUT of depression. It did.

Do you understand why they began going OFF gold standard? How gold standard had them caught between rock and hard place if they didn't go off it?

How people were cashing in their money for gold, and so reducing the banks gold reserves during depression? So they kept interest rates high so people would preserve their stores of cash instead of converting to gold.

But, high interest rates made money too expensive, which reduced loans, credit, investment, so depression got worse.

So they said by by to gold standard and lowered interest rates, so they could get out of depression.
Research to see I am correct.

Read, learn, type (In that order please)

Do you have a link showing what I say is wrong?

1

Feb 29, 2020 3:01pm

Quoting iamsovereign

Disliked

{quote} I dont have time to educate you...... we were on the gold standard at, and during the so called great depression. So the basis of your statement makes no seance from the beginning. we had gov confiscate gold bullion from the people in 1933 then lowered the value on fed Notes. it was the creation of the fed (1913--so called ....central bank) that lead to the the so called great depression. Now 2008 was a different story... LOL constitutionally (in the usa) all currency has to be backed by weight and measures by the troy oz. of gold and silver.......

Ignored

Exactly.
America was ON gold standard during depression,
So they effectively went OFF gold standard in 1933.

Then, depression ended.

This is what I said, going OFF gold standard mainly responsible for ending depression.

I was not talking about Fed, 1913 and causes of depression.

I was talking about what ended depression.

1

Feb 29, 2020 4:01am

crypto loser same pattern again ?
Yes, it's Nox-Krypto-Maggot-Gumbo again!
Cryyy, cryyy, Gumbo !

Bitcoin has no inherent value for it is 'backed' only by fools who can't understand money, value, lending business, economy...

1

Feb 29, 2020 5:29pm

This picture ehh??

Banking credit is NOT in danger

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1

Feb 28, 2020 11:57pm

Bitcoin fanatics don't even have the slightest idea what mess the bitcoin lending business can cause.
They just go like, blaaa, blaaa, fiat baaaad... banks baaad, government baaad...!

Bitcoin is dirty manipulated by the private whales money power ! Bitcoin is the most syphilitic asset ever !

Feb 29, 2020 3:21am

The people who don't understand Bitcoin, money, economy and generally the future.

https://thumbs.dreamstime.com/t/funny-cartoon-monster-stubble-vector-illustration-people-emotions-expressions-43601351.jpg

Feb 29, 2020 3:22am

Biggest lies again about Bitcoin??

Bitcoin dead no???

At 15 dollars??

Liars website no??
https://www.forbes.com/sites/timworstall/2011/06/20/so-thats-the-end-of-bitcoin-then/

LOL.

Feb 29, 2020 3:37am

Quoting photoshop

Disliked

Limited supply of bitcoin will limit lending ability. This is logic 101.

Progress is made on the back of credit.....

Blaaa
less emotion, look less silly....

Ignored

Photomessoeee

LOL

Listen to smart people....

Here's a simple fact - bitcoin supply is limited yes.

Bitcoin supply is limited to.....
...
Wait for it....
....
...
21 000 000 000 000 00 satoshi.

YES
2 100 000 000 000 000 satoshi

Duuuuhhh

Do you see this as "a problem blaaa credit"????

Not to mention hundred other coins...

Not to mention Ethereum etc that have UNLIMITED supply.

Duuuuhhhhhh????

Economic zero, did ya fail it???😭😭😂

Ohhhh
Stocks BUBBLE is made of credit.... 😊
Duuuhhhhh

Feb 29, 2020 5:03am

Quoting photoshop

Disliked

{quote} Lol, With 100 000 000 satoshi making up 1 bitcoin, that's bit.... 00 1 cent coins in circulation lol.
I haven't done the exact maths yet, but let's say 1 bitcoin = $10,000, that means 1 satoshi is $0.0001 as an estimate. WOW!!!!
So...

Ignored

You're so annoying and confused ...

Why are you mixing Satoshis with cents??

Tomorrow one Satoshis could be worth 0.1-5-50-600 cents.
Market decides, not you

Second - you're not aware bitcoin is money and

ASSET

So I can keep say 2 bitcoin in my pocket and see it growing to 1 million, while not giving one f..k about imaginary bank problems.

What do I care of bank lending?

They'll print gazillion paper, as always..
They won't print Bitcoin
Soooo price up.

As to your juvenile " Big power ban bitcoin" crop I debunked it in my thread

Mindless people been blabbing 50 years now BAN THE INTERNET!!!!
LOL
What happened???

Here, go talk to Roubini

Bitcooooin deeeeead

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Feb 29, 2020 5:05am

Quoting photoshop

Disliked

At 1btc = $10,000, there will be a grand total of $210 000 000 000 ($210 billion) in circulation. WOW, such a big number.. : About 2 × Jeff Bezos, for the whole world I can't stop laughing at clowns

Ignored

Who told you 10000???

Did your mommy?

Cretins (see post above) been laughing at bitcoin since it was a dollar.

Here we are at 8900 useless green

Feb 29, 2020 5:05am

And....

Biggest lies again about Bitcoin??

Bitcoin dead no???

At 15 dollars??

Liars website no??
https://www.forbes.com/sites/timworstall/2011/06/20/so-thats-the-end-of-bitcoin-then/

LOL.

Feb 29, 2020 5:35am

I just found this old lies

Ohh the fun

Old times. Read , laugh at educated crybabies morons!

“Why bitcoin will fail” – Apenwarr | $3.12 Yes 3 bucks

https://99bitcoins.com/why-bitcoin-will-fail/

Like the gold standard, a successful bitcoin would send our economy back into the dark ages. . .

https://99bitcoins.com/wp-content/uploads/2010/12/bitcoin-obituary-351x185.png

“Why Bitcoin can’t be a currency” – The Underground Economist | $0.23

Yes bitcoin was under 1 dollar

https://99bitcoins.com/why-bitcoin-cant-be-a-currency/

Feb 29, 2020 5:44am

[quote=photoshop;12782843][quote=Not-... ill. Trumpy LOVES internet, he uses it many days to Twitter about his greatness.... crypto

Internet FRIEND of big banks./ central banks
Internet FRIEND of People on Capital Hill.

Internet STAY
..[/quote]

Poor guy.
You can't press the Quote button?
Well I had OLD mobile too...

Okkk.
I don't read all your stuff. I see a lie and I stop

Soooo

You insist INTERNET IS friend of BANKS, politicians etc...??

Gross lie

People send billions with apps like Venmo, Amazon, PayPal.... Western Union... Chinawhatsthat...
So BANKS Lose Money.

So you lied

How about Post Office in every country???
How about free speech (kinda) on Internet exposing Bank and political liars.
How about China.
China??? Internet friend

You lied bubula

Feb 29, 2020 5:45am

Quoting photoshop

Disliked

{quote} You are right sorry. Btc NOT $10,000. Only $8900. :...

Ignored

Well 8700 now

I'm sad...

Wait....

Look post above...

Bitcoin was 3 dollars

Ohhhh I'm NOT sad

Feb 29, 2020 5:49am

Quoting photoshop

Disliked

I'm laughing so hard at dumbo right now. He has me on ignore, but I bet he wish there was no way to see my posts about the truth :.. n:🐿

Ignored

I'm laughing too

I'm still looking for the TRUTH in any one of your posts... Still waiting

One difference between you and me :

I'll go out, enjoy the sun and

buy few Bitcoin or Satoshis and Litecoin TODAY.

Sue me

Out.

Feb 29, 2020 5:51am

Quoting photoshop

Disliked

{quote} You know that nearly all respected economists agree that going OFF the gold standard was 90% responsible for getting America OUT of the great depression? No lies dumbo, Just truth. What I see about you is this: ANY negative things said about bitcoin, you brand as a lie. Your hatred for established ways, is making you blind to logic and truth. Sorry dumbo. Can lead a dumbo to class, But can't make him THINK

Ignored

Hey, this moron is a crypto-copro sick 'nobody' and his vanity is hurt everytime when the ugly truth about bitcoin hit his face

NixK potty mouth, it's the classical loser pattern, a common crypto monkey who try hard to be 'somebody'

You know, he belongs to the Crap Land, that cesspool of lunatics with severe Freudian scatological obsessions that swim 24/7 in their own stinking shit

Feb 29, 2020 6:25am

Quoting photoshop

Disliked

{quo...Dumbo, I'm surprised even at this stupidity from you.

ANY money sent over internet is friend to banks. PayPal,... Because the money is still moving from 1 customer BANK account to another customer BANK account....
. America/UK where most powerful banks live. You understand dumbo?

Ignored

You're a liar and a moron.

Here. 1 minute Google search dumbooo:

PayPal....
From the FAQs: If your account is Verified, there's no limit on the total amount of money you can send from your account. You can send up to $10,000 in a single transaction.

And

There's NO LIMIT how much you can HOLD in PayPal.

Soooo???

Liar,
Tell me how's that BANK FRIENDLY????

PayPal circumventing banks...... Like Bitcoin

Ohhhh banks LOVE PayPal and INTERNET????

Every one of your lies is exposed

Duuuhhh?

Done with u

Feb 29, 2020 6:28am

I post for general public benefit.. .

Same with bitcoin idea.. .Forex etc.. .. I may have occasionally 1-3% doubt 😲🤔 I'm not sure of this number too 🤔

I say PATIENCE a lot.

Sooo overall...
I know I can't convince a moron

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Feb 29, 2020 6:36am

Quoting photoshop

Disliked

{quote} He's a fun guy. I like him and his silly gang leader crypto ideas. NOW, get this. I bet he believes Jeff Bezos REALLY IS the world's richest man

Ignored

He's not funny. Sick obsessed pshychos are not funny ...they are boring

Look, he keeps swimming in his own crypto-copro shit

Same boring jokes, same boring rants against the system, same clownish parade

A smart investor is not so desperate to show he's smart

He is a loser

Feb 29, 2020 10:24am

quote- You know that nearly all respected economists agree that going OFF the gold standard was 90% responsible for getting America OUT of the great depression?

totally incorrect. not even close to truth......... read a book by Edward griffin .... called the creature from Jekyll island

Feb 29, 2020 11:48am

This :

😨😨😨😨

“Why bitcoin will fail” – Apenwarr | $3.12 Yes 3 bucks

https://99bitcoins.com/why-bitcoin-will-fail/

Like the gold standard, a successful bitcoin would send our economy back into the dark ages. . .

😂😂

Feb 29, 2020 11:52am

Crybabies?

😱
Arguing with crybabies is like playing chess with a pigeon. No matter how good I am at chess, the pigeon is just going to knock over all the pieces, crap on the board, and strut around the table looking victorious!!

LOL
😂 😂

Feb 29, 2020 11:55am

And finally.
For all interested in Bitcoin - link below :

Dear all
Come, click here, pay tribute to Bitcoin 😱😱😨🙉😱
Bitcoin that's NOT very much QUITE fully DEAD yet 😱😂😂

https://www.cryptocraft.com/attachme...7&d=1582978153

👍👏👏😱
Our thread

https://www.cryptocraft.com/showthre...0#post12782900
🍻🍻

Feb 29, 2020 3:57pm

Hi iamsovereign

He's from Aussie land or New Zealand...

He knows sheep and goats....

And...
... that's it

Feb 29, 2020 4:41pm

Quoting Not-KPMG

Disliked

{quote} Hi pal. I think we agree photobot is not worth it... But I have question... You say you don't like FED, not dollars... And not Bitcoin?? But what do you trust? Is that gold?? Because I don't think USA has gold... And trading gold proved risky.... Look last 8 years.... ? 2nd question What about Bitcoin. Bitcoin is mathematically solid. It's excellent money. It's developing technology - think Microsoft in 80s Bitcoin has people's TRUST....

Ignored

I cant believe you got me into this LOL

you dont have to trust gold ... it has intrinsic value, but you have to physically hold.... this answers several of you questions....... if you know what I mean. we have talked about this before.

yes usa is fraudulent on its monetary system.... so we are fucked and your probably right ... the usa gold has been sold off.... so as for a constitutional monetary system we the people are screwed.

trading anything can be risky ... thats the nature of trading any instrument.

I will trade gold .... I will trade bitcoin.... hell I will trade anything I know and can make a coin on.

I dont like the idea of any digital form of money if there is no tangible asset tied to it. This is what protects the little guy from be devalued from a private bank. ie so called fed reserve
(its as federal as fed ex)

But the powers to be .... will eventually get rid of all paper coin currency and the push is on and so thats what crypto is all about .... its just another digital money..... with the one difference of no bancksters.... this has its attractions....and there are some things I agree with you on.... but still no tangible asset tied to it .... so for me its just another worthless note.. other than paying the bills.

its the dollar that the world trust presently ..... even with its problems... its a note backed by nothing but trust. but this is waning and fast.... I will always try to protect my capital... and that means assets or gold and silver in the present world.... for now I will use the digital money to pay the bills.

trick question. how much does it cost the fed reserve to print a one dollar note?
how much does it cost the fed reserve to print a twenty dollar note?
how much does it cost the fed reserve to print a fifty dollar note?
and last but not least how much for a 100.00 dollar note?
its all the same special paper and ink ... so whats all the fuss about.... the so called debt that we owe the fed reserve for printing notes out of thin air??.... trick question hell... this is a con LOL

Feb 29, 2020 4:56pm — Edited

Quoting photoshop

Disliked

{quote} No, let's Do it again dumbo(2), because you still not get it. Most people think it was under Nixon, because most uneducated just read headlines and believe. It was in 1933 dumbo(2) when America EFFECTIVELY went OFF gold standard. It was FORMALISED under Nixon. WHY 1933 you ask? I already told you dumbo(2) To get out of depression. I also told you the reasons and mechanism. I already told I know about Fed causing these problems, I am talking about what got America OUT of this depression problem. I also told you that in my previous...

Ignored

you seem to actually believe what your saying-----

Mar 1, 2020 12:40pm

Quoting iamsovereign

Disliked

{quote} Griffin did not have to outsmart anybody .... Griffin wrote a book historically documenting the coalition on the creation of the fed and the real reasons why the fed was created. All the reasons given for the creation of the fed have failed. This is past history and is apparent. As for the statement- they were all idiots and liars..... I would say they were very smart. Much smarter than most ..... its historically apparent..... unless you believe the lies that a central bank has saved the common people. You can believe what you want. regards...

Ignored

Ok, we don't necessarily need to refer to respected economists or the Nobel guys, we need a little history and common sense.
Crypto utopic hype is disconnected from the reality of the market fundamentals.
Crypto people don't understand how deflation can become even worse than inflation.

Mar 1, 2020 12:43pm

Crypto fanatic people can't understand - rather totally ignores - elementary things like the common investors' psychology.
They can't see how the risk aversion deepen the crisis if rigid limited money supply.
Deflationary effect it's so related to risk aversion.
The risk aversion always amplifies recessions.

Mar 1, 2020 12:50pm

Every time when the economy slumps, the risk aversion will determine investors to start hoarding that particular referential value item (weather is gold, bitcoin, dollar, stocks, bonds ...whatever) because its value is now increasing while the economy falls. Their big money will not help the business to get back on track. That will only deepen recession. Simple, elementary shit.

Mar 1, 2020 12:56pm

Under gold standard for instance, gold was increasing in value, so buying gold becomes a sure deal for the smart investors! (if bitcoin - the same story)

Investors will look for less risky profits, therefore no more risky investments in a slumping economy ...it follows less spending, low business, higher unemployment, ...the park is closed, no more fun.

People and investors just hoarding the top items, whatever they are - bitcoin, gold, which become more and more precious and skyrocketing price is imperceptibly generating a wide spread cancer.

Long story short, rich people thriving, economy is dieing.

In the end the whole economy will crash, then even the rich will suffer... but too late...
But it doesn't matter ...robot-horse-eyed market actors blindly BUYs the top item, ...GOLD?

Any artificial rigid mark of value, it's a stupid idea! It inherently contain the risk recession ! Boooom !

Mar 1, 2020 2:44pm

@Tudorioan

I dont necessarily disagree with your upper statements ... at all.

but if you think you are getting accurate information from so called respected economists and so called nobel guys ... as you say... well then we most defiantly disagree. Most, if not all ... coming from those sources is nothing more than deception, and yes lies and half truths.

you can go to the best business collage of today and never get one minute of teaching on monetary theory... I wonder why?? the answer is self evident.

Feb 29, 2020 5:21am

[quote=Not-KPMG;12782820]{quote} You're so annoying and confused ...

Why are you mixing Satoshis with cents??

Tomorrow one Satoshis could be worth 0.1-5-50-600 cents.

You debunked nothing.

Internet NOT a serious threat to banks. Banks LIKE internet for internet banking, transactions, customer satisfaction.

Internet NOT a serious threat to banks friends in capitol hill.
Trumpy LOVES internet, he uses it many days to Twitter about his greatness.

NOW, LETS LOOK AT OTHER SIDE:

Bitcoin and non sovereign crypto IS potential threat to big banks/central banks.
Therefore, by association Bitcoin IS potential threat to big bank friends on Capitol Hill.

Do you see yet dumbo?
Do you see it?

Internet FRIEND of big banks./ central banks
Internet FRIEND of People on Capital Hill.

Internet STAY

Bitcoin NOT FRIEND of big banks/ central banks.
Bitcoin NOT FRIEND of bank friends in Capitol Hill (unless they are involved in crime).

Bitcoin NOT STAY

I been saying these things for over a week now.

You understand yet dumbo?

Do you?

Feb 29, 2020 5:23am

Quoting Not-KPMG

Disliked

{quote} Who told you 10000??? Did your mommy? Cretins (see post above) been laughing at bitcoin since it was a dollar. Here we are at 8900 useless green

Ignored

You are right sorry.
Btc NOT $10,000.
Only $8900.

.

At least you are honest dumbo

Feb 29, 2020 5:27am

I'm laughing so hard at dumbo right now.

He has me on ignore, but I bet he wish there was no way to see my posts about the truth

🐿

Feb 29, 2020 6:38am

Quoting TudorIoan

Disliked

{quote} He's not funny. Sick obsessed pshychos are not funny ...they are boring Look, he keeps swimming in his own crypto-copro shit Same boring jokes, same boring rants against the system, same clownish parade A smart investor is not so desperate to show he's smart He is a loser

Ignored

Yes, after 2 weeks of explaining things, it gets boring I agree.

Feb 29, 2020 2:18pm

Quoting Not-KPMG

Disliked

{quote} Hi pal. Respect But.. You can't win in argument with a pigeon These crybabies bend every truth. I know a famous liar said Bitcoin is responsible for financial stress etc.... Poor lie. He didn't explain 2008 crisis. Z

Ignored

Respect?

Lol, iamsovereign has not a clue what he is talking about.
And you say "respect"??

One no clue guy to another.

This actually makes sense I think.

Feb 28, 2020 3:28pm

You misspelled " Crypto lending, backed by real money will grow while banksters go bancrupted"

Fixed it

Feb 29, 2020 3:23am

Good friend has a chart.
Points 8400.

Our thread
https://www.cryptocraft.com/showthread.php?p=12776978#post12776978

Not advice to sell

My explanation there too.

Feb 29, 2020 3:44am

https://www.cryptocraft.com/showthread.php?p=12782747#post12782747

Banksters liars?

Smart thread link

Mar 1, 2020 6:28am

I don't speak stupid 😂😂

Mar 1, 2020 6:30am

this is great explanation why the public (SHEEPLE) don't get bitcoin 😱😱

https://www.reddit.com/r/Bitcoin/comments/f4r9el/why_is_bitcoin_so_hard_for_most_people_to/

Feb 29, 2020 6:37am

My other eye is closing now.
Sleepy time.

Story Stats

Feb 28, 2020 2:58pm
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