and what of the 1.2 billion people that live without electricity? you think they have the capacity to shift to a digital currency?
They'll have no choice.
Comment
recon1
SBR MVP
08-13-12
2579
#37
Originally posted by Waterstpub87
Short Answer:
Step 1: Government loans money to banks for nothing
Step 2: Banks buy things that return more than nothing
Step 3: Asset prices go up
Step 4: People Buy more assets
The cycle continues, with performance fees being taken out along the way. Wall Street will keep buying as long as they know there are squares who will buy from them at the end, squares being retail investors and pension plans.
Longer Answer:
Above answer, plus the sacred art and mystery of structured finance, a process in which you create positive return out of thin air by manipulating accounting values with no one particularly caring about the manipulation due to the fact that everyone makes money out of it.
#1 is incorrect, if your talking about the U.S. Federal government. Federal banks are no more federal than federal express. Our tax revenue goes straight to offshore central banks and the U.S. government borrows against it.
