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Stealthcoin (OP)
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November 14, 2014, 07:34:04 PM
Last edit: October 31, 2017, 03:49:50 PM by Stealthcoin
 #1
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Nxtblg
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November 14, 2014, 09:43:36 PM
 #2
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?  Wink )





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e1ghtSpace
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November 14, 2014, 10:40:08 PM
 #3
Does this mean Bitcoin's price will go through the roof?
belmonty
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November 14, 2014, 10:44:40 PM
 #4
Quote from: e1ghtSpace on November 14, 2014, 10:40:08 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.
Nxtblg
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November 14, 2014, 11:37:03 PM
 #5
Quote from: belmonty on November 14, 2014, 10:44:40 PM
Quote from: e1ghtSpace on November 14, 2014, 10:40:08 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...





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...INTRODUCING WAVES........
...ULTIMATE ASSET/CUSTOM TOKEN BLOCKCHAIN PLATFORM...
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belmonty
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November 15, 2014, 12:44:11 AM
 #6
Quote from: Nxtblg on November 14, 2014, 11:37:03 PM
Quote from: belmonty on November 14, 2014, 10:44:40 PM
Quote from: e1ghtSpace on November 14, 2014, 10:40:08 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...

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?
BlindMayorBitcorn
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November 15, 2014, 12:48:22 AM
 #7
Quote from: belmonty on November 15, 2014, 12:44:11 AM
Quote from: Nxtblg on November 14, 2014, 11:37:03 PM
Quote from: belmonty on November 14, 2014, 10:44:40 PM
Quote from: e1ghtSpace on November 14, 2014, 10:40:08 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...

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
Forgive my petulance and oft-times, I fear, ill-founded criticisms, and forgive me that I have, by this time, made your eyes and head ache with my long letter. But I cannot forgo hastily the pleasure and pride of thus conversing with you.
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