Bitcoin Forum

Economy => Economics => Topic started by: noobtrader on November 04, 2014, 06:21:45 PM



Title: what if fiat money is just a print and pump ???
Post by: noobtrader on November 04, 2014, 06:21:45 PM
http://www.bidnessetc.com/27086-fca-charges-six-banks-with-forex-manipulation/




http://www.iol.co.za/business/international/hsbc-puts-aside-378m-for-forex-probe-1.1774836#.VFkYkZAW2N0

http://retailbanking.banking-business-review.com/news/barclays-announces-500m-provision-for-forex-manipulation-probe-311014-4423238

http://newsmaine.net/21209-citigroup-sets-aside-600-million-over-alleged-manipulation-forex-markets

http://www.bloomberg.com/news/2014-11-03/jpmorgan-faces-u-s-criminal-probe-into-foreign-exchange-trading.html

http://www.telegraph.co.uk/finance/newsbysector/epic/rbs/11200316/RBS-takes-400m-hit-on-forex-rigging.html

https://fortune.com/2014/10/29/deutsche-bank-swings-to-3q-loss-on-1-1billion-legal-charge/


Title: Re: what if fiat money is just a print and pump ???
Post by: oblivi on November 05, 2014, 02:31:18 AM
Fiat money is an obvious scam, the problem is when the adoption of the scam is worldwide and has monopoly status. The magic printed money WILL get accepted as valid. Thats how the US is "recovering" from the crisis.


Title: Re: what if fiat money is just a print and pump ???
Post by: DhaniBoy on November 05, 2014, 03:14:21 AM
fiat money is the government's way to regulate the circulation of money in a country, but sometimes this way create a monopoly in the financial sector, where the rich will get richer and the poor are getting poorer, when we turn on bitcoin, the monopoly will not happen , because there are no government regulations that regulate the circulation of bitcoin in the virtual world, the problem is with the bitcoin exchange of goods is still very little, so we still have to exchange bitcoin with fiat money in circulation in a country ...  ::)


Title: Re: what if fiat money is just a print and pump ???
Post by: worle1bm on November 05, 2014, 04:16:47 AM
Fiat money works. We all use it regularly. Amazing.


Title: Re: what if fiat money is just a print and pump ???
Post by: noobtrader on November 05, 2014, 09:32:20 AM
Fiat money works. We all use it regularly. Amazing.

tell that to the zimbabwean


Title: Re: what if fiat money is just a print and pump ???
Post by: noobtrader on November 05, 2014, 09:33:59 AM
Fiat money is an obvious scam, the problem is when the adoption of the scam is worldwide and has monopoly status. The magic printed money WILL get accepted as valid. Thats how the US is "recovering" from the crisis.

this is not just the fiat scam, the scam also about currency exchange of 160 currency was also faked to maximize the profit...


Title: Re: what if fiat money is just a print and pump ???
Post by: noobtrader on November 05, 2014, 09:36:10 AM
fiat money is the government's way to regulate the circulation of money in a country, but sometimes this way create a monopoly in the financial sector, where the rich will get richer and the poor are getting poorer, when we turn on bitcoin, the monopoly will not happen , because there are no government regulations that regulate the circulation of bitcoin in the virtual world, the problem is with the bitcoin exchange of goods is still very little, so we still have to exchange bitcoin with fiat money in circulation in a country ...  ::)

acceptance is better than last year, who knows next year ppl will prefer to accept bitcoin and keep profit as bitcoin


Title: Re: what if fiat money is just a print and pump ???
Post by: pattu1 on November 06, 2014, 12:23:57 AM
The printing part cannot be disputed by anybody.
It seems to have gotten a lot worse, with QE by different countries.


Title: Re: what if fiat money is just a print and pump ???
Post by: worle1bm on November 06, 2014, 03:31:39 AM
Fiat money works. We all use it regularly. Amazing.

tell that to the zimbabwean
As opposed to the rest of the world that functions normally with fiat? Which is the compelling argument?


Title: Re: what if fiat money is just a print and pump ???
Post by: noobtrader on November 06, 2014, 06:09:45 AM
Fiat money works. We all use it regularly. Amazing.

tell that to the zimbabwean
As opposed to the rest of the world that functions normally with fiat? Which is the compelling argument?

inflation, every fiat has inflation wether you feel it or not


Title: Re: what if fiat money is just a print and pump ???
Post by: Fabrizio89 on November 06, 2014, 06:23:15 AM
It's not fiat money that is a pump, but the market relative to it, like stocks and bonds. Money is continuously printed because our economy is based on debt, and so you are forced to work an entire life to pay it. Than there's the part about the rich who become richer, but it's more of a consequence.


Title: Re: what if fiat money is just a print and pump ???
Post by: worle1bm on November 06, 2014, 06:24:49 AM
inflation, every fiat has inflation wether you feel it or not
Sure, so what?


Title: Re: what if fiat money is just a print and pump ???
Post by: noobtrader on November 06, 2014, 01:22:17 PM
inflation, every fiat has inflation wether you feel it or not
Sure, so what?

so you hold fiat, inflation takes away your value then forex manipulation by banks (lot of bank).  did you read the news do you realize what happened ?



Title: Re: what if fiat money is just a print and pump ???
Post by: noobtrader on November 06, 2014, 01:23:39 PM
It's not fiat money that is a pump, but the market relative to it, like stocks and bonds. Money is continuously printed because our economy is based on debt, and so you are forced to work an entire life to pay it. Than there's the part about the rich who become richer, but it's more of a consequence.

do you read the news ???

its forex exchange of 160 fiat currency manipulated.

 ::)


Title: Re: what if fiat money is just a print and pump ???
Post by: Human0idx on November 06, 2014, 07:15:54 PM
That's exactly what fiat is...


Title: Re: what if fiat money is just a print and pump ???
Post by: worle1bm on November 07, 2014, 12:46:10 AM
inflation, every fiat has inflation wether you feel it or not
Sure, so what?

so you hold fiat, inflation takes away your value then forex manipulation by banks (lot of bank).  did you read the news do you realize what happened ?
Who holds fiat? No one "invests" by holding fiat.


Title: Re: what if fiat money is just a print and pump ???
Post by: noobtrader on November 07, 2014, 04:52:51 AM
inflation, every fiat has inflation wether you feel it or not
Sure, so what?

so you hold fiat, inflation takes away your value then forex manipulation by banks (lot of bank).  did you read the news do you realize what happened ?
Who holds fiat? No one "invests" by holding fiat.

and who is talking about "invest."  ;D ;D ;D ;D ;D ;D ;D ;D  bahahahahahahaaaaa


Title: Re: what if fiat money is just a print and pump ???
Post by: kolloh on November 07, 2014, 05:23:44 AM
So thats what is was this whole time, eh?


Title: Re: what if fiat money is just a print and pump ???
Post by: worle1bm on November 07, 2014, 06:57:06 AM
inflation, every fiat has inflation wether you feel it or not
Sure, so what?

so you hold fiat, inflation takes away your value then forex manipulation by banks (lot of bank).  did you read the news do you realize what happened ?
Who holds fiat? No one "invests" by holding fiat.

and who is talking about "invest."  ;D ;D ;D ;D ;D ;D ;D ;D  bahahahahahahaaaaa
:/ You are? Holding a currency makes no sense, why would someone hold a currency?