Bitcoin Forum

Economy => Economics => Topic started by: Bitcoinpro on January 18, 2015, 06:56:52 AM



Title: Massive Fiat Collapse "Trillions Lost" January 2015
Post by: Bitcoinpro on January 18, 2015, 06:56:52 AM
Swiss Franc Trade Is Said to Wipe Out Everest’s Main Fund

http://www.bloomberg.com/news/2015-01-17/swiss-franc-trade-is-said-to-wipe-out-everest-s-main-fund.html

Marko Dimitrijevic, the hedge fund manager who survived at least five emerging market debt crises, is closing his largest hedge fund after losing virtually all its money this week when the Swiss National Bank unexpectedly let the franc trade freely against the euro, according to a person familiar with the firm.


Title: Re: Massive Fiat Collapse "Trillions Lost" January 2015
Post by: Gleb Gamow on January 18, 2015, 07:49:19 AM
Swiss Franc Trade Is Said to Wipe Out Everest’s Main Fund

http://www.bloomberg.com/news/2015-01-17/swiss-franc-trade-is-said-to-wipe-out-everest-s-main-fund.html

Marko Dimitrijevic, the hedge fund manager who survived at least five emerging market debt crises, is closing his largest hedge fund after losing virtually all its money this week when the Swiss National Bank unexpectedly let the franc trade freely against the euro, according to a person familiar with the firm.

Okay, I get it. He lost the bet. Question, who, on the other side, won the bet?

Moreover, is it possible he knew he would lose others money with such a bet, but positioned himself, somehow, on the other end?


Title: Re: Massive Fiat Collapse "Trillions Lost" January 2015
Post by: Bitcoinpro on January 18, 2015, 07:51:40 AM
Swiss Franc Trade Is Said to Wipe Out Everest’s Main Fund

http://www.bloomberg.com/news/2015-01-17/swiss-franc-trade-is-said-to-wipe-out-everest-s-main-fund.html

Marko Dimitrijevic, the hedge fund manager who survived at least five emerging market debt crises, is closing his largest hedge fund after losing virtually all its money this week when the Swiss National Bank unexpectedly let the franc trade freely against the euro, according to a person familiar with the firm.

Okay, I get it. He lost the bet. Question, who, on the other side, won the bet?

Moreover, is it possible he knew he would lose others money with such a bet, but positioned himself, somehow, on the other end?

who lost the bet ? is that some kind of joke

the Euros have to be burned that's how fiat works

you print to much their is only one way to get rid of it


Title: Re: Massive Fiat Collapse "Trillions Lost" January 2015
Post by: BitmoreCoin on January 18, 2015, 08:35:26 PM
Swiss Franc Trade Is Said to Wipe Out Everest’s Main Fund

http://www.bloomberg.com/news/2015-01-17/swiss-franc-trade-is-said-to-wipe-out-everest-s-main-fund.html

Marko Dimitrijevic, the hedge fund manager who survived at least five emerging market debt crises, is closing his largest hedge fund after losing virtually all its money this week when the Swiss National Bank unexpectedly let the franc trade freely against the euro, according to a person familiar with the firm.

Okay, I get it. He lost the bet. Question, who, on the other side, won the bet?

Moreover, is it possible he knew he would lose others money with such a bet, but positioned himself, somehow, on the other end?

I don't think he knows the future. Otherwise, he will bet everything against it, his and his client's money.


Title: Re: Massive Fiat Collapse "Trillions Lost" January 2015
Post by: tokeweed on January 18, 2015, 08:59:21 PM
Swiss Franc Trade Is Said to Wipe Out Everest’s Main Fund

http://www.bloomberg.com/news/2015-01-17/swiss-franc-trade-is-said-to-wipe-out-everest-s-main-fund.html

Marko Dimitrijevic, the hedge fund manager who survived at least five emerging market debt crises, is closing his largest hedge fund after losing virtually all its money this week when the Swiss National Bank unexpectedly let the franc trade freely against the euro, according to a person familiar with the firm.

Okay, I get it. He lost the bet. Question, who, on the other side, won the bet?

Moreover, is it possible he knew he would lose others money with such a bet, but positioned himself, somehow, on the other end?

who lost the bet ? is that some kind of joke

the Euros have to be burned that's how fiat works

you print to much their is only one way to get rid of it

wait, gleb has a point.  the hedge fund guy was 'hedging' and lost right?  trading is a zero sum game, when someone loses, someone else wins.

someone, somewhere made a lot of money from that loss.


Title: Re: Massive Fiat Collapse "Trillions Lost" January 2015
Post by: tokeweed on January 18, 2015, 09:02:41 PM
Swiss Franc Trade Is Said to Wipe Out Everest’s Main Fund

http://www.bloomberg.com/news/2015-01-17/swiss-franc-trade-is-said-to-wipe-out-everest-s-main-fund.html

Marko Dimitrijevic, the hedge fund manager who survived at least five emerging market debt crises, is closing his largest hedge fund after losing virtually all its money this week when the Swiss National Bank unexpectedly let the franc trade freely against the euro, according to a person familiar with the firm.

Okay, I get it. He lost the bet. Question, who, on the other side, won the bet?

Moreover, is it possible he knew he would lose others money with such a bet, but positioned himself, somehow, on the other end?

I don't think he knows the future. Otherwise, he will bet everything against it, his and his client's money.

or it could all be one elaborate scheme to make a lot of money.  it's not the first time for these types of people.

http://i.dailymail.co.uk/i/pix/2008/10/07/article-1070650-02EBEF6900000578-56_468x633.jpg

fiat holder


Title: Re: Massive Fiat Collapse "Trillions Lost" January 2015
Post by: Guido on January 18, 2015, 09:04:10 PM
hundreds of millions his fund lost not trillions


Title: Re: Massive Fiat Collapse "Trillions Lost" January 2015
Post by: tokeweed on January 18, 2015, 09:05:01 PM
and there's no mention of trillions. where are the mods in this forum?  lol it's like a zoo in here.

edit:  guido, exactly!  ;D


Title: Re: Massive Fiat Collapse "Trillions Lost" January 2015
Post by: Honeypot on January 18, 2015, 11:07:15 PM
LOL

False title, false claim, fake thread.

WEAK.


Title: Re: Massive Fiat Collapse "Trillions Lost" January 2015
Post by: botany on January 20, 2015, 12:20:24 AM
Sigh!
Somebody with insider knowledge of the Swiss Central Bank's move, would be very, very rich.