- May 13, 2013
- 2,966
- 2,761
I wonder how the pending financial crisis will impact crypto
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maybe it’s regional... cause in NY I can’t buy Ox or BAT from the Coinbase app due to state regulations but I can purchase from Coinbase Pro...idkjust got the email this afternoon about 3 of them.
A Federal Reserve task force Friday called on the U.S. financial system to make faster payment solutions available to every consumer and business by 2020
Central banks should consider issuing digital currencies as money faces a "historic turning point," according to IMF Managing Director Christine Lagarde. In a speech at the Singapore Fintech Festival on Wednesday, Lagarde highlighted the changing nature of money as demand for physical cash decreases around the world.Nov 14, 2018
https://www.cnbc.com/2018/11/14/cen...r-issuing-digital-money-imf-boss-lagarde.html
All that debt is gonna be bad for everyone.....I wonder how the pending financial crisis will impact crypto
Change in favor to him and his friends.Not to get too fringe, but alot of chatter going on about a global debt reset and I could see the next financial crisis triggering that. The amount of debt created in the past 50 years is so massive it's never gonna get paid off. Its predatory lending at the government scale. Trump is going to blame the failing economy on Fed Reserve policy and I think he'll actually bring some sort of change. Possibly a retalitory FED audit since everyone is calling to audit him.
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Said that in october. Btc is at 4k. Ouch.Getting snippy in here. Maybe everyone should bail out.
Change in favor to him and his friends.
Jacksonian revolt
Taking a deeper dive, consider these two figures: From the second quarter of 2008 to the second quarter of 2018 bank loans grew by 2 percent per year; the S&P 500 grew by 7.2 percent annually, excluding dividends.
These numbers are at the heart of the Jacksonian revolt against the Second Bank of the United States. Their argument was that the Northeasterners were controlling money supply for their own benefit starving the west and south from receiving funds and, therefore, from growth.
When the creation of the Federal Reserve was being debated, the same argument was used and Jackson's name was constantly evoked. Only by then the argument focused on Wall Street. The considerable opposition to the creation of the Fed was led by notables like William Jennings Bryan, who argued that Wall Street would control the funds in the United States, starving the west and the south and rewarding the Northeasterners on Wall Street.
If either Jackson or Bryan had seen the two stats above related to loans and the stock market they would probably been apoplectic. They would clearly argue "I told you so."
I could have really killed emCopped 11.5 etc for 4.00 yesterday fell to 3.80 something right after... lol
market troll lvl maximumblood on these streets. my cb autobuy for $100 just netted me 25.7 ETC. cray...steady stackin.
Project isn’t dead , the etcdev team which isn’t the only development team working on the project is shutting down due to funding...Might add autopay to my account
Hearing mixed reports on a new roadmap for ETC and at the same time hearing the project is dead
IoT with ETH capabilities...What’s the value in etc?
Gonna buy another eth. Too cheap here.
B cash vs SVStupid hash war. Nothing decentralized about it.
are you asking the price of ETC?What’s the value in etc?
Gonna buy another eth. Too cheap here.
Thats why you play with what you can afford to lose. Also some of us are still in the green.Gotta say man you dudes are brave to put more money in but hey do you.
Hope it works out for all of us.
Gotta say man you dudes are brave to put more money in but hey do you.
Hope it works out for all of us.