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Title: .. Post by: Stealthcoin on November 14, 2014, 07:34:04 PM ..
Title: Re: Bank Deposits Will Soon No Longer Be Considered Money But Paper Investments Post by: Nxtblg on November 14, 2014, 09:43:36 PM Well, Mr. or Ms. Account Holder, welcome to your future. You'll soon be nothing more than an unsecured creditor of your bank. Just as if you had bought the bank's debentures on the bond market: that's going to be you.
(That'll keep those pesky Rothbardians at bay, right? ;) ) Title: Re: Bank Deposits Will Soon No Longer Be Considered Money But Paper Investments Post by: e1ghtSpace on November 14, 2014, 10:40:08 PM Does this mean Bitcoin's price will go through the roof?
Title: Re: Bank Deposits Will Soon No Longer Be Considered Money But Paper Investments Post by: belmonty on November 14, 2014, 10:44:40 PM Does this mean Bitcoin's price will go through the roof? Maybe, it the new rules allow the banks to deduct half the money in your account to bail themselves out. Title: Re: Bank Deposits Will Soon No Longer Be Considered Money But Paper Investments Post by: Nxtblg on November 14, 2014, 11:37:03 PM Does this mean Bitcoin's price will go through the roof? Maybe, it the new rules allow the banks to deduct half the money in your account to bail themselves out. Just wait until it bites... Title: Re: Bank Deposits Will Soon No Longer Be Considered Money But Paper Investments Post by: belmonty on November 15, 2014, 12:44:11 AM Does this mean Bitcoin's price will go through the roof? Maybe, it the new rules allow the banks to deduct half the money in your account to bail themselves out. Just wait until it bites... These articles explain it although I'm not sure how reliable they are. From what I can make out the first article seems to say that under the proposed rules deposits larger than a certain level (GBP 85,000 in the UK) can be used to bail out the banks if they go bankrupt. http://www.zerohedge.com/news/2014-11-12/russell-napier-declares-november-16-2014-day-money-dies http://www.examiner.com/article/bank-deposits-will-soon-no-longer-be-considered-money-but-paper-investments Does anyone have any more reliable sources of information? Title: Re: Bank Deposits Will Soon No Longer Be Considered Money But Paper Investments Post by: BlindMayorBitcorn on November 15, 2014, 12:48:22 AM Does this mean Bitcoin's price will go through the roof? Maybe, it the new rules allow the banks to deduct half the money in your account to bail themselves out. Just wait until it bites... These articles explain it although I'm not sure how reliable they are. From what I can make out the first article seems to say that under the proposed rules deposits larger than a certain level (GBP 85,000 in the UK) can be used to bail out the banks if they go bankrupt. http://www.zerohedge.com/news/2014-11-12/russell-napier-declares-november-16-2014-day-money-dies http://www.examiner.com/article/bank-deposits-will-soon-no-longer-be-considered-money-but-paper-investments Does anyone have any more reliable sources of information? I very seriously doubt it |